Over 100 countries have signed on to the Roadmap for Global Food Security. Many are already acting on those commitments. Action is crucial because the current crisis is one that no individual country or even group of countries can solve alone. We have to get emergency aid to the people...

Health remains key focus as the UAE capital leads global bid to combat the pandemic, as evidenced by its role in clinical trials for COVID-19 vaccines and therapeutic innovations.

Although people are still testing positive for Covid in the country, US President in an interview declared that pandemic in US is over.

The German government sold its last shares in the company.

Prioritizing labor market reforms, boosting employment and ease of doing business is likely to make the Kingdom one of the world’s fastest-growing economies this year, says expert.

The move could irk the United States as it has pressed the group to increase output in order to bring down energy prices that have fuelled decades-high inflation. OPEC+ had agreed to huge cuts in output in 2020 when the Covid pandemic sent oil prices crashing, but it began to...

Dubai tourism recovered fast after the easing of Covid-19 restrictions, registering a 203 percent increase in the number of visitors in the first four months of 2022.

Despite ease in the measures set to combat the COVID-19 pandemic, electronic payments in the Gulf countries surged more than cash transactions in several other Arab countries.

Moderna has accused Pfizer and BioNTech of copying its technology to make Comirnaty , alleging that the partners infringed on its patents in developing their Covid-19 shot. The lawsuits set up a high-stakes showdown between the makers of Covid vaccine, a key tool in the fight against the infection.

It's crucial to identify the right working model to fix the challenges of digital transitions in the GCC, Nick Curran, Business Development Manager at Endava, tell TRENDS.

The UAE has proven to the world the recovery of international trade after the most difficult pandemic that humanity has gone through, said Prime minister Sheikh Mohammed bin Rashid Al Maktoum. Non-oil exports were about AED180 billion for the first time in its history, recording a growth rate of 8...

Battered by the government’s zero-Covid policy and a slump in the property market, China’s central bank cut benchmark loan rates in order to boost economy. The one-year Loan Prime Rate was reduced from 3.7 percent to 3.65 percent, according to the People's Bank of China.

High pilgrim traffic caused revenue to go up to $104.34m.

Kuwait's National Fund for SME Development (SME Fund) has helped resolve the problems of 132 small and medium-sized enterprises (SMEs) during Covid emergency, said its Director-General Adel Al-Hasawi Under instructions of the cabinet, the Fund is working on applications from 72 SMEs for benefiting from the act on stumbling projects....

Another important and influential trend being witnessed by the banking sector in the region is reduced physical networks and shifting some of the staff to more cost-effective locations. All this allows financial institutions to serve their clientele better and provides convenience to the customers by saving their energy and time.

Banks in the Gulf region were already on the path towards digitization, but the pandemic became the catalyst for accelerated change. As consumers got used to superior online shopping, health, and governmental services, they have increasingly been demanding that banks follow suit with their digital processes and offerings.

In 2020 a government bailout saved airline from bankruptcy.

The company's earnings jumped on strong sales of Covid19 products.

The airline had taken a sizeable financial hit from disruptions.

The sector also saw a decline of 25 percent of its Gross Value Added in 2020. However, while most of the sector suffered a sharp decline, online publishing and audiovisual platforms experienced growth due to increased reliance on digital content during the pandemic, the joint report highlighted.

A strike by British Airways staff at London Heathrow Airport this summer has been called off after an improved pay offer, trade unions said Thursday. Members of the GMB and Unite unions had recently backed action as surging inflation erodes the purchase power of wages, sparking walkouts across multiple sectors....

This year's Hajj, the first large-scale edition since the guardian requirement was dropped in 2021, has taken on a different hue with thousands of unaccompanied women joining the rituals.

European stock markets rebounded on Wednesday, recovering some ground following sharp losses the previous session on fears of a global recession. Oil prices recovered slightly, but WTI remained under $100 per barrel. The euro hit a fresh 20-year low point under $1.02 -- the European single currency fast closing in...

UAE and KSA are spearheading decarbonization efforts in Middle East by encouraging enterprises to minimize carbon footprint. Here are a few things others may learn for them.

Persistently high food inflation will continue to erode households spending power, reducing discretionary spending, and contributing to the stagnation of global GDP. At the same time, persistently high food inflation will reduce and delay the fall in headline inflation, the Qatar National Bank report said.

The sector, according to a KPMG report, scores low on customer satisfaction due to operational issues, lack of timely support, long waiting times and lack of feedback.

In spite of high inflation, residents of the GCC countries are seeking newer destinations in Europe and beyond to travel to, Trupt Shah of Musafir.com tells TRENDS.

The World Trade Organization agreed Friday to temporarily lift patents on Covid-19 vaccines after two years of bruising negotiations, but experts expressed skepticism that the deal will have a major impact on global vaccination inequality.

Demand is set to grow to 101.6 million barrels per day in 2023, according to the IEA, which advises developed countries on energy policy.

The World Trade Organization's ministerial conference will run over into a fifth day on Thursday in the hope of striking thus-far elusive deals on fishing subsidies, food security and combating Covid-19. The Geneva gathering of trade ministers "will go on for a fifth day until Thursday", the WTO announced on...

The report of Qatar Aviation body is updated with the IATA Air Transport data (Airport-IS) related to schedule statistics until the end of 2022.

A state-of-the-art port in Istanbul with an underground terminal, a celebrity chef's restaurant and a shopping center, welcomes yet another 5,000-passenger cruise ship.

Appearing by video link, Zelensky delivered the headline speech to the first World Economic Forum to be held in the Swiss Alps in more than two years after the Covid pandemic derailed the event. The war is dominating the four-day meeting of the world's business and political elite.

The Davos summit of global political and business elites returns Monday after a Covid-induced two-year break to face another momentous crisis: Russia's invasion of Ukraine.

China on Friday announced it would cut a key interest rate as the country fights to boost its virus-hit economy and Covid-19 restrictions rip across major cities. Prolonged virus lockdowns have constricted supply chains, quelled demand and stalled manufacturing.

Japan's economy shrank slightly in the first quarter of 2022, official data showed Wednesday, hit by Covid-19 restrictions and higher prices. Growth was also hit by the rising cost of imports with energy prices surging and the yen falling to its lowest level against the dollar in 20 years.

The impact of Beijing's zero-Covid strategy on the world's second-largest economy was revealed Monday when official data showed that retail sales and industrial production in April on-year had slumped to their lowest levels in more than two years.

Investors remain cautious as to whether China will ease its zero-Covid policy, which has added to the disruption of the world's supply chains.

Leaving a fine mist of disinfectant in their wake, China's hazmat-clad health workers are cleaning homes, roads, parcels and even people.

The IEA said "steadily rising" output from the United States and Middle Eastern members of the OPEC+ oil cartel will help offset losses from Russia.

World stock markets mostly sank Monday on stubborn fears over the impact of rising US interest rates, surging inflation and China's Covid lockdowns. Stock markets had dived last week after the Federal Reserve ramped up interest rates by a half-percentage point and flagged more hikes to tackle decades-high inflation.

Earlier this year, the UAE rose to the top of Bloomberg’s Covid Resilience Ranking, outperforming European countries in terms of containing the spread of the pandemic

The Olympic Council of Asia (OCA) said in a statement that the decision to postpone "was taken by all the stakeholders after carefully considering the pandemic situation and the size of the Games".

Salaries in Britain's financial sector have surged in recent months, widening inequality amid the nation's cost-of-living crisis, a study showed Wednesday. Average monthly pay in the industry jumped 31 percent in February from December 2019, propelled by high-earners, the Institute for Fiscal studies (IFS) said in a report. The performance,...

Pfizer reported another quarter of huge revenues growth because of its Covid-19 vaccine on Tuesday, but lowered the company's full-year profit forecast due in part to shifts in foreign exchange. The major American drugmaker reported revenues of $25.7 billion for the first quarter, up 77 percent from the year-ago period.

Higher-than-expected credit losses and inflation are to blame.

Stock markets sank Monday on growing concerns that lockdowns in China aimed at fighting a worsening Covid outbreak could threaten the country's economy and global supply chains. The losses extended a sell-off last week fueled by comments from Federal Reserve indicating officials will hike interest rates by half a point...

Not even one in four people have completely recovered from Covid a full year after being hospitalized with the disease, a UK study indicated Sunday, warning that long Covid could become a common condition. The study involving more than 2,300 people also found that women were 33 percent less likely...

The 2022 Asian Games in China is facing the possibility of being postponed, an official told AFP on Thursday, after a rumor that it would be moved to next year. The Olympic-sized event is scheduled to be held in September in Hangzhou near Shanghai, which is grappling with a major...

The world's second-biggest economy was already losing steam in the latter half of last year with a property slump and regulatory crackdowns.