RAKEZ team wraps up roadshow to boost trade in China’s Guangdong province
RAS AL KHAIMAH, UAE - A delegation from Ras Al Khaimah Economic Zone (RAKEZ), led by Group CEO Ramy Jallad, successfully wrapped up its roadshow in China’s Guangdong province to explore new opportunities for economic and trade cooperation.The delegation aims to foster deeper ties with local enterprises, prominent trade associations...
Lebanon migrant workers need ‘urgent’ help
78 percent of the country's population lives in poverty, higher than last year's figure of 55 percent.
Russian sway in Suez Canal Economic Zone to widen after deal
Egypt and Russia have signed a deal to allow the latter to expand its industrial zone within the Suez Canal Economic Zone (SCZone). The final agreement is expected to be signed by the end of 2021.Lebanese economy in a fix as PM-designate Hariri steps down
Lebanon's prime minister-designate Saad Hariri stepped down Thursday, saying he was unable to form a government, nine months after accepting the challenge and as the country sinks deeper into crisis.
Covid-19 tourism losses could cut Middle East GDP by 3.1 percent: UN
Pandemic-induced economic impact on tourism could top $4 trillion Lack of widespread vaccination in developing countries leading to mounting losses Middle East economies could face a GDP loss of up to 3.1 percent from the reduction in tourism due to pandemic while the global economic impact could top $4 trillion,...
Ruler of Dubai unveils Dubai Digital Authority
*The Authority to oversee digital transformation *It is expected to bring about social and economic benefits to Dubai In order to obtain more social and economic benefits from digital transformation begun twenty-years ago, Dubai has set up a new body Dubai Digital Authority to provide digital services to both individuals and...
Egypt’s food inflation to get worse as economy revs up
Egypt’s inflation accelerated to a 5-month high of 4.8 percent year-on-year in May Global food import costs are expected to rise 12 percent in 2021 Egypt will see another round of worse food inflation as economic activity gains momentum, according to Abu Dhabi Commercial Bank. The warning was sounded while...
Goldman Sachs projects crude oil to touch $80 this summer
Goldman Sachs believes rollouts of more vaccination against Covid around the world could boost economic activity and demand for oil
Sharjah and Guatemala to boost economic ties, shore up investments
the Sharjah Chamber is keen to enter the Central American markets as a fertile market for agricultural and food products The two countries want to boost economic ties and bolster investments in food security, waste management and tourism Sharjah and Guatemala are looking at ways to boost economic ties and...
A day after signing tax treaty, Israel to open economic office in UAE
Abu Dhabi will host an Israeli economic office to strengthen economic ties The announcement comes a day after the UAE and Israel signed a tax treaty Just a day after it signed a tax treaty with the United Arab Emirates, Israel said it would open an “economic attaché...
UAE, Israel sign tax treaty to boost economic ties
The signing of the treaty came after the normalization of ties between them The treaty is based primarily on the OECD model, Israeli Finance Minister Israel Katz said in a statement Looking to target companies involved in money laundering activities in the United Arab Emirates (UAE), the Anti-Money Laundering Department...
Turkey and Greece to take steps to improve economic ties
Tensions between the two flared last year over a maritime jurisdiction in the Mediterranean
