Sri Lanka's snowballing economic crisis began to be felt after the coronavirus pandemic torpedoed vital revenue from tourism and remittances.

Abu Dhabi issued 25,427 new economic licenses in 2021, an increase of 21.5 percent compared to the 2020 figure of 20,925, according to the 2021 Business Activity Report published by the Abu Dhabi Business Center at the Abu Dhabi Department of Economic Development (ADDED) . The report said that renewed...

The pullback came as US Federal Reserve meeting minutes showed several officials at the central bank favoring a hike in interest rates by half a percentage point.

Lebanon, home to one of the largest Christian communities in the Middle East, has been gripped by an unprecedented economic downturn since 2019.

The EU is considering to hit Russia with sanctions on oil or coal over the war in Ukraine, a top official said on Tuesday, though some countries remain worried of the potential economic fallout.

WMO noted that extreme weather, water and climate phenomena have become more frequent and more severe in many parts of the world due to climate change.

Chairman of Qatar's Gaza Reconstruction Committee Ambassador Mohammed Al Emadi announced cash assistance to needy families in the Gaza Strip. It is the disbursement of the March batch of cash assistance to Gaza families, which will begin Wednesday. Qatar Fund for Development will also cooperate with Qatar's Gaza Reconstruction Committee...

Those countries "that have a common border with either Russia or Ukraine" would be particularly affected, while bearing the brunt of refugee flows from Ukraine, said the OECD report.

The Sharjah Chamber of Commerce and Industry (SCCI) and an Argentinian delegation discussed ways to enhance cooperation between the business communities in the Emirate of Sharjah and Argentina. Additionally, they also discussed boosting the economic, trade and investment relations between their countries. The discussion was a part of Sharjah –...

Iran said Monday it was awaiting "details" on Russia's demands for US guarantees that could potentially delay reaching an agreement in talks aiming to restore Tehran's 2015 nuclear deal with world powers.

The United Arab Emirates said it flew 30 tonnes of aid and medical supplies to Poland for transportation to war-torn Ukraine Monday, to help relieve the "deteriorating humanitarian situation" after Russia's invasion.

A panel discussion was organized by the Riyadh Economic Forum to review the progress of an important study, “New Investments, Digital Transformation and the Knowledge Economy”, as part of the forum’s preparations for its tenth session. Several government officials, academics, businessmen and women and others participated in the discussion. The...

The Makkah Chamber of Commerce and Industry and Jordan have signed an agreement to boost economic ties between the two countries. The bilateral agreement aims to be worth more than $1 billion.

The World Bank (WB) announced that it would support the higher education sector in Iraq with an amount of $5 million.

Artificial intelligence, machine learning, robotics and automation will define the future of jobs, says renowned economist Professor Nouriel Roubini

QRCS Warm Winter campaign this year aims at meeting the food and winterization needs of around 42,040 families.

Turkish President Recep Tayyip Erdogan called on business leaders in the wealthy United Arab Emirates Tuesday to invest in his country, which is in the grips of an economic crisis.

Since connecting with neighbors is of utmost importance in Iran’s foreign policy, the current administration has set a transparent framework for this policy.

A total of 98 new economic activities have been added to several sectors of Dubai in 2021, bringing the total number of economic activities to more than 2,200. In 2020, the Business Registration and Licensing (BRL) sector at the Department of Economy and Tourism (DET), Dubai, had added 52 new...

The island's economic woes have left thermal power generators unable to keep the lights on, as traders run desperately low on foreign currency to fund imports.

UAE's Consumer Price Index (CPI) at the end of 2021 reached 108.62, compared to 105.97 in December 2020, which puts the inflation rate at 2.5 percent year-on-year and at 0.02 percent in December 2021 compared to November. A report from the Federal Competitiveness and Statistics Centre said the rate of...

Sharjah and Syria are looking at ways to increase economic relations and enhance partnership between businessmen and traders.

Economic growth in the eurozone slowed sharply in January, a key survey showed Monday, as new coronavirus restrictions hit consumer spending, raising a new obstacle for the region's recovery.

A Taliban delegation headed by Foreign Minister Amir Khan Muttaqi is meeting representatives of the US, France, Britain, Germany, Italy, the European Union, and Norway in their first visit to Europe after coming taking over to Afghanistan.

The UAE hosted a meeting of the Finance and Investment Committee of the Saudi-Emirati Coordination Council to discuss financial and economic cooperation between the two countries.

The Global Risks Report 2022 released by the World Economic Forum said vaccine inequality and a resultant uneven economic recovery risk compounding social fractures and geopolitical tensions. The global economy was expected to be 2.3 percent smaller by 2024 than it would have been without the pandemic.

Iraq's Ministry of Planning has said several positive economic indicators have risen during 2021 and several measures are being taken to activate the economy. Abdul Zahra Al-Hindawi, a spokesman for Iraq's Planning Ministry, said those who lost their jobs in 2020 returned to their jobs, which helped in the economic...

The World Bank on Thursday said it agreed with its partners to repurpose $37 million in funds to help Lebanon's public school teachers survive a crushing economic crisis. The World Bank and the UK Foreign, Commonwealth and Development Office would divert the money from the Lebanon Syrian Crisis Trust Fund,...

UAE Minister of State for Foreign Trade Dr. Thani bin Ahmed Al Zeyoudi has said the trade partnership with India is founded on historical ties of friendship and cooperation. Media reports said that Al Zeyoudi made these remarks during his visit to India as head of a high-level Emirati delegation...

Lebanon needs to receive 12 to 15 billion dollars from its partners to kickstart its economic recovery and shore up fast-diminishing foreign currency reserves, Central Bank Governor Riad Salameh said Tuesday. Lebanon is grappling with an unprecedented economic crisis branded by the World Bank as one of the planet's worst...

Guterres has previously called on Lebanese officials to unite to find solutions to the country's dire economic crisis, dubbed by the World Bank as among the planet's worst since the 1850s. Around 80 percent of Lebanon's population is estimated to be living under the poverty line.

Lebanon's spiraling economic crisis is causing abuse against children to soar and is putting one child out of two at risk of violence, the United Nations said on Friday. "One in two children in Lebanon is at serious risk of physical, emotional, or sexual violence, as families struggle to cope...

Khazaen, Oman's fully integrated economic city, has signed two agreements worth more than Omani Riyal 1.5 million ($3.8 million) with national firms to carry out vital projects and attract investments and provide integrated solutions in different industrial sectors. Omani media reports said the first agreement was signed with an Omani...

The UAE and Mauritius have stressed the importance of boosting economic and commercial relations between the two countries. A meeting was held between Mohamed Hadi Al Hussaini, UAE Minister of State for Financial Affairs, and Dr. Renganaden Padayachy, Minister of Finance, Economic Planning and Development of Mauritius, at the Ministry...

Moody’s has forecast a stable outlook for GCC banks during the next 12 to 18 months, primarily due to economic recovery in the region and higher oil prices.

Mubadala Investment Company (Mubadala) has revealed that it signed two agreements to facilitate investments in sectors of mutual priority and interest in France.

Saudi Arabia will see a strong economic growth in the fourth quarter of 2021, due to a high oil production not seen since April 2020.

Turkish President Recep Tayyip Erdogan on Wednesday defended his "risky but correct" economic policy of low interest rates, as the central bank intervened in markets to prop up the falling lira.

The Economic Development Board (EDB), Bahrain's investment promotion agency, on Tuesday announced the launch of the investment platform (invest.bh) that allows investors to access investment opportunities in the kingdom's strategic projects. The launch is part of Bahrain's Economic Recovery Plan which saw the announcement of strategic projects worth more than...

Lebanon's economic meltdown presents an opportunity to improve the country's environmental policies and tackle its festering waste management crisis, says its Environment Minister.

The Saudi Authority for Industrial Cities and Technology Zone (MODON), has teamed up with Mohammed Bin Laden Co. to develop an industrial city exceeding 5 million square meters.

Foreign ministers of the United Arab Emirates and Cyrus reviewed bilateral relations and ways to boost trade between the two countries at a meeting in Nicosia.

The fund also warned that the longer-term risk of the uneven recovery could permanently widen wealth, income, and social gaps.

The non-oil trade between the UAE and Mexico totaling $1.3 billion in 2020 demonstrates a strong partnership between the two countries, said Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade. Al Zeyoudi said the trade ties between the two countries highlighted a collaboration "founded on...

Saudi Arabia and Oman have pledged to boost trade and economic ties between the two countries, months after the two neighbors began discussions on how to deepen their relationship.

Leaders from around the MENA region are arriving in Baghdad for a summit meant to lower tensions in the region. The meeting is a chance for Iraq to showcase its recent efforts to be a neutral mediator.

Both institutions will work toward supporting economic and social development in member countries.

Saudi Arabia has seen a sudden growth in the size of freelance workforce with the number doubling in the first half of this year as the economy shows more signs of recovery from the pandemic.

Residents line up for days to get gas, while electricity only runs for 2 hours a day

The strategic merger between Arkan and Emirates Steel Industries highlights the focus of the UAE's new industrial initiative 'Operation $300bn.'