The European Bank for Reconstruction and Development (EBRD) has said it will support the Moroccan financial system by launching an e-learning training program on capital markets, local media reports said. The program offers participants the opportunity to update their capital markets knowledge and skills, EBRD said in a statement. The...

Nations with high vaccination rates are also struggling to contain rising infection numbers of Covid-19.

Saudi Arabi on Wednesday recorded its first case of Omicron variant infection, in a citizen its health ministry said had come from a North African country. Hours later, the UAE announced it too had detected the strain within its borders, in an ‘African woman arriving from an African country via...

The OPEC+ alliance led by Saudi Arabia and Russia has so far resisted US-led pressure to significantly boost output to rein in surging energy prices.

All travelers flying to Canada need to be tested at the airport upon landing except for the US.

Fed chief Jerome Powell has said the new strain could also heighten uncertainty regarding inflation.

WHO director-general Tedros Adhanom Ghebreyesus said another disastrous pandemic was bound to happen unless countries strengthened global defenses.

International tourist arrivals will this year remain 70-75 percent below the 1.5 billion arrivals recorded in 2019, before the pandemic hit, says the UNWTO.

As the world looks to pare inflation, it is facing headwinds from the high freight rates currently prevalent all across the globe.

The Omicron variant of Covid-19 has led to travel restrictions, which has forced the WTO to postpone the ministerial conference in Geneva. The WTO hoped the four-day gathering would breathe new life into the organization, which has been stuck for years trying to make progress on resolving issues like fishery...

It was only four weeks ago that Israel reopened its borders to foreign tourists after a prolonged closure due to Covid-19.

It has stopped flights to South Africa, Zimbabwe, and Mozambique.

The entire population of the UAE has received at least one dose of a vaccine against Covid-19. The country has so far recorded more than 741,000 cases of Covid-19, including 2,145 deaths. IT said last month it had overcome the pandemic as it saw the lowest infection numbers since its...

Middle East markets were spared the November 26 bloodbath because they were closed on Friday and Saturday.

WHO says the new variant ‘has a large number of mutations, some of which are concerning.’

The United States and several European countries have taken similar steps, banning travel from at least seven southern African countries. South African Health Minister Joe Phaahla told reporters that he felt some of the reactions to the new Covid-19 variant that was found in South Africa were ‘unjustified.’

Firms linked to travel were among the worst affected as investors fretted over the possibility of more government-mandated restrictions.

The head of the IEA has called on OPEC and its allies to take measures to help bring oil prices down to ‘reasonable levels’.

In early trade, Tokyo, Hong Kong, Sydney, Wellington, Taipei, Manila and Jakarta were all down, though there were gains in Seoul and Singapore.

The two countries signed a Memorandum of Understanding in this regard in Riyadh on Thursday, November 18.

Aviation giant Emirates expects to return to profitability "in the next 18 months" as the sector bounces back from the Covid pandemic, its president Tim Clark said Tuesday. The Dubai-based carrier said last week it was on the path to recovery as six-month losses dropped by more than half from...

The trio is estimated to make pre-tax profits of $34 billion this year: over $1,000 a second, $65,000 a minute, or $93.5 million a day.

The fourth US-Qatar Strategic Dialogue led to both sides discussing to several economic, commercial, regional, and humanitarian issues.

Airlines are still deep in the red, with losses expected to extend by another $51.8 billion this year.

Xi's call came hours after China and the United States announced a surprise pact to accelerate climate action at a summit in Glasgow.

The UN health agency said that a shortage of at least one billion syringes “could occur”, if manufacturing does not pick up.

The new five-pillar plan apparently aligns with Bahrain’s Economic Vision 2030 and its intention to achieve net-zero carbon emissions by 2060.

The UAE's payments industry, like several other countries in the world, suffered an impact far less severe than initially anticipated due to the Covid-19 pandemic, rising by 17 percent to $8.4 billion from 2015 to 2020, a report has said. The Boston Consulting Group (BCG) report, "Global Payments 2021: All...

Russian tourists are finally returning to the Red Sea resort of Sharm el-Sheikh six years after a terrorist strike.

The Ministry of Interior of Jordan has confirmed that strict measures will be taken against expatriates who did not receive the two doses of the Covid-19 vaccine. In a statement, the ministry has said unvaccinated expatriates would be deported starting from the December 15.

Six lucky vaccinated people will each receive JD500 (around $705), provided that they had been inoculated in the week before the drawing.

In the UAE, the Abu Dhabi index added 0.2% with the International Holding Company gaining 0.7%. Dubai index ended the week 0.1 percent down.

Kuwait has also urged other members to follow suit so that the UN can do its tasks properly.

WHO chief Tedros Adhanom Ghebreyesus bluntly told the G20 they could no longer leave poorer countries hanging in the pandemic.

The money is coming in through the SFD, a Saudi government agency that usually finances social and infrastructure projects in developing countries.

The project, which covers 7.2 million square feet of land in Al Rahmaniyah area, builds on the concept of future cities and urban planning, says SSC CEO Yousif Ahmed Al-Mutawa

The market, which reportedly aims to promote Bahrain’s agricultural products and highlight the development taking place in the country’s agricultural sector, is returning after a one-year hiatus caused by the Covid-19 pandemic. It will be held at the Budaiya Botanical Garden in December.

The competent authorities in the two countries will be able to develop specific procedures ensuring the unrestricted movement of vaccinated individuals. This is apparently part of the efforts made by the two countries’ governments to facilitate the safe movement of travelers under the Covid-19 pandemic.

The Kingdom has implemented measures and worked on significant improvements as part of its Vision 2030 to diversify sources of revenue.

The destination will include a Formula 1 racing trajectory, a Six Flags Theme Park, a water park and sporting venues like football grounds, and a large selection of cultural, creative, and artistic activities.

A report by the International Renewable Energy Agency confirms Covid-19 caused delays and supply chain disruptions, with impacts on jobs varying by country and end use.

Kuwait International Airport will gradually operate commercial flights for all aviation companies.

The combined current account balance of oil exporters in the GCC region is likely to shift from a deficit of $6 billion in 2020 to surpluses of $165 billion in 2021.

The birthplace of the Arab Spring uprisings, Tunisia has faced years of economic woes exacerbated by the coronavirus pandemic, with 18 percent unemployment and debt verging on 100 percent of gross domestic product.

Pictures and footage on Sunday morning showed people praying side by side, making straight rows of worshippers that are formations revered in performing Muslim prayers, for the first time since the Covid-19 pandemic took hold last year. Visitors, however, need to wear masks and must be fully vaccinated.

While the country has scrapped social-distancing, it has not done away with the mask mandate.

UN Secretary-General Antonion Guterres has called for changes in the way the world produces, consumes, and wastes food. His remarks came on the occasion of World Food Day, whose theme this year is “Our actions are our future.”

OFID has signed a term loan agreement for $30 million with Banco Regional of Paraguay, the third of its kind to the country. Proceeds from the first tranche were loaned to the agriculture sector. The second facility provided 53 sub-loans to Paraguayan enterprises for international trade finance purpose.

The IMF noted that emerging variants of the novel coronavirus have made policy choices more difficult, with limited room to maneuver.

The main Saudi stock index closed trading on October 7, with an increase of 19.45 points, to close at the level of 11,591.33 points, with transactions worth 6.5 billion riyals.