Palestinian Authority, Israel to share 1 million Covid-19 vaccine shots in a deal
The vaccine deal was among initial policy moves toward the Palestinians by Bennett since he was sworn in The deal would be a boon for both the players The Palestinian Authority (PA) and Israel have reached a deal to share Covid-19 vaccine doses that will be a boost for Palestinians’...Burj Khalifa to relaunch sunrise experience from At The Top restaurant
This and other experiences had been stopped due to the Covid-19 pandemic and the resulting lockdown The experience will be available from 4:30 am to 7 am every Saturday and Sunday Burj Khalifa announced in a statement on Tuesday, June 15, that it was relaunching the sunrise experience...Bahrain unveils $1.2-billion stimulus package for Covid-hit sectors
The king has issued a royal decree to extend a number of initiatives for three months Bahrain’s Crown Prince and Prime Minister will oversee the implementation of the royal directives across the relevant authorities Bahrain's King Hamad bin Isa Al Khalifa on Monday, June 14, announced an economic stimulus...Dubai’s yachts offer socially distanced luxury
After the easing of lockdown, people feel yachts offer a secure way to travel People are hiring yachts for cruising, sightseeing with families, friends Dubai earned a reputation for delivering luxury for those with cash to splash years ago, but amid the Covid-19 pandemic, a new mode of travel has...Dubai: Non-oil foreign trade grows 10% to $96 billion
Exports grow 25 percent to Dh50.5 billion. Imports account for Dh204.8 billion, growing 9 percent Gold tops the list of commodities in Dubai's Q1 external trade at Dh63 billion, growing 27 percent Dubai’s foreign trade this quarter touched Dh354.4 billion ($96 billion) growing 10 percent from Dh323 billion ($88 billion)...Jabs for votes: Lebanon’s oligarchs turn to Covid bribery
Vaccine-for-vote system draws on practices that have seen leaders buy their way into the office Of the 900,000 people who have received vaccines, nearly 60,000 benefited from party handouts Lebanon's cash-strapped leaders are bribing their base with free Covid-19 jabs ahead of next year's elections, in what observers say is...Most Emiratis believe opening live events only to vaccinated people will help curb Covid
After vaccination, residents most comfortable visiting beaches, parks Fewer people would like to attend weddings, live concerts or travel abroad Seven out of 10 UAE residents said that the Dubai government's decision to allow only vaccinated people to access entertainment and social activities will curb the spread of Covid-19 infection....2.7m people petition WTO to give world population access to Covid vaccines
The WTO has received a petition signed by over 2.7 million people from around the world calling for universal access to affordable Covid-19 vaccines The vaccines are expected to bring back some semblance of the pre-pandemic normalcy, which in turn may improve the global economy The World Trade Organization...Two in three youths in Middle East have got insurance since Covid-19 pandemic started: Report
Zurich International Life has said more than 63.3% people in the Middle East aged 18-34 claimed they purchased life insurance since the Covid-19 pandemic began It added that more than half of the respondents across all ages said they were likely to consider getting life or critical-illness cover due...UBS Investor Watch: Investors to use their capital to drive change after COVID-19
9 in 10 investors want their investments to align with their values Women, young generation want to make a difference through charitable giving With COVID-19 vaccinations accelerating and the economy re-opening, 90 percent of wealthy investors agree that the pandemic has made them want to align their investments with their...Survey points to vibrant recovery for global exhibitions industry
Dubai tops list of travel destinations with 83% comfortable traveling to the emirate to attend exhibitions 75 percent of respondents believe exhibitions will be as or more important than they were pre-COVID A survey tracking the impact of the COVID-19 pandemic on the international exhibitions industry has delivered an optimistic...India exports grew 67 percent in May despite Covid-19 caseload
Sector-wise, the increase was spurred by growth in demand for engineering goods, petroleum products, gems, jewelry, pharmaceuticals and iron oreMENA region to see fall in PC device shipments in Q2 2021
The Middle East and Africa personal computer devices market will see a decline of 2.4 percent year-on-year in the second quarter of 2021 However, the overall outlook for the region for this fiscal is that the PDC market will grow by 4.8 percent The Middle East and Africa personal...Hassan Allam Holding moves to the intelligent Microsoft Cloud
HAH made the move to Microsoft Azure during the COVID-19 crisis Egyptian company employs over 35,000 people across the Mideast, Africa Hassan Allam Holding (HAH) has migrated to the intelligent Microsoft Cloud, a move that, according to Microsoft, has “significantly boosted the productivity and security” of the Egyptian company....$50-billion global plan mooted to deal with pandemic, drive recovery
$50 billion needed to enhance manufacturing capacity, supply, trade flows, and delivery Governments urged to act or risk continued waves, explosive outbreaks of COVID-19 The heads of the world’s predominant global financing, health and trade agencies have united to urge government leaders to urgently finance a new $50 billion...Dubai property booms as wealthy buyers escape lockdowns
Credit goes to recent government reforms, attractive mortgage rates, a shift in demand due to Covid-19UAE urges smokers to quit after WHO warning
The UAE has also imposed a selective tax on tobacco and its derivatives by 50 – 75 %UAE assures cooperation with Latin America, Caribbean during UNSC membership
Ministers Reembint Ibrahim Al Hashemy and Omar Ghobash introduce the country's membership to GRULAC members UAE candidate for the Arab seat of the UNSC for the term 2022-23 The United Arab Emirates (UAE) has assured cooperation with the Latin American and Caribbean countries as part of its membership at the...Smokers are up to 50 percent more likely to die from Covid: WHO
The UN health agency’s 'Commit to Quit’ tobacco campaign has made resources from its Quitting Toolkit freely available to more than a billion tobacco usersPopular cricket tournament IPL to be played in UAE
IPL has an estimated brand value of $6.7 billionOccupancy rate of next-gen hospitality firm Sonder 70 percent during pandemic
Duration of stay at Sonder properties grows from an average of 4 days to 10. The firm has 160 spaces in Dubai and demand for its tech-enabled offerings had risen Sonder, a leading next-generation hospitality company with more than 160 spaces in Dubai has seen strong demand for its tech-enabled...Investment professionals seek greater flexibility, hybrid workplaces: CFA study
81 percent of professionals surveyed would like to work remotely at least part of the time 60 percent confident in the ability of leaders to manage teams in a hybrid work environment A majority of investment professionals surveyed in a study have said they would like to work remotely at...UAE will only allow residents vaccinated against Covid-19 to attend functions
Residents have also to produce a negative Covid test within 48 hours The UAE has administered over 12 million doses of the vaccine According to a new health directive from the UAE Health Sector only people vaccinated against Covid-19 would be allowed to attend “events and activities, held in...Energy deals top list as Bahrain issues $1.6bn tenders in Q1 2021
Majority of tenders issued are part of Bahrain’s $32 billion infrastructure development plans Oil and gas $767m, aviation $382m, construction and engineering $194m, materials and equipment $119m Bahrain has issued government contracts worth $1.6 billion for the first three months, up 23 percent over the same period last...Macro drivers signal higher oil prices in 2022: BofA
Trends currently driving down oil prices will cease to be a problem in the second half of 2021 Weaker dollar, inflation and monetary easing will lead to higher oil prices in 2022 A new Bank of America Global Research report claims micro trends that are driving down oil prices, like...Bahrain imposes new curbs on entry to malls, restaurants
*Only the fully vaccinated people or those who have recovered from infection can only enter cinemas, service centers *Arrivals from India, Pakistan, Sri Lanka, Bangladesh, and Nepal need a negative PCR test certificate, 10-day quarantine Bahrain has announced new rules to combat the virus, including restricting entry to malls and...Gulf tourists await possible easing of EU travel rules
Under the current restrictions, people from only 7 countries, including Australia, Israel, Singapore, can enter the EU Gulf residents are expected to spend heavily on holidays this year as borders are opened European Union has agreed on Wednesday to ease COVID-19 travel restrictions on visitors from around the world ahead...Covid-19: Big MENA economies’ benchmark lending rates rise at snail’s pace
69 of the 82 countries tracked by CEIC data see the lending rates fall Saudi Arabia, UAE witness rise in rates by 0.8 and 0.3 bps Benchmark lending rates — the basic rates set by central banks in countries for banking institutions to follow — rose at a much slower...






























