MANILA, PHILIPPINES - The Asian Development Bank (ADB) approved capital management reforms that unlock US$100 billion in new funding capacity over the next decade to address the region’s overlapping crises. The expansion of available funds will be further leveraged through mobilizing private and domestic capital to move from the billions...
Saudia raises seat capacity by 10%
The number of domestic, international flights will rise.
Centrica 2022 profit US$4bn Â
Firm's profit rose due to gas and crude oil prices spike.
US climate spending could spark tariff war, says Scholz
German Chancellor Olaf Scholz criticized US climate protection plans that would shield domestic companies from foreign competition, saying they could trigger "a huge tariff war". Unease has been growing abroad about US President Joe Biden's landmark "Inflation Reduction Act", which includes tax breaks for US-made electric cars and batteries.
DMCC welcomes 15 companies for training program
Dubai Multi Commodities Centre (DMCC), the Government of Dubai Authority on commodities trade and enterprise, has announced that 15 companies have been selected to participate in the DMCC Impact Scale-Up Program.Saudi hiring of foreign domestic workers leaps up 15%
Saudi Arabia has recruited more than 75,000 overseas domestic workers in December 2021, a fifteen percent jump in the hiring, according to official figures released by the kingdom.
$24bn deals signed at Fifth China-Arab States Expo
Eight Chinese provinces and cities, including Beijing, Tianjin, Zhejiang, Henan, and Guangdong, have signed 12 investment projects with Arab countries and other countries along the Belt and Road routes, with a total investment of 7.43 billion yuan. Three policy reports covering economic and trade relations between China and Arab States...
Egypt’s headline inflation rises to 5.4 percent
Egypt's annual urban consumer inflation increased to 5.4% in July from 4.9% in June, official statistics agency CAPMAS said on Tuesday.
Airport Show-2021 begins amid signs of industry’s global recovery
Against 4.5 billion travellers in 2019, only 1.8 billion passengers took to the skies in 2020 The pandemic led to a 50% drop in domestic passenger traffic globally and 74% in international traffic The world’s largest annual airport industry B2B platform, Airport Show, opens at the Dubai World Trade Centre...
