The findings, published by the Nairobi-based think tank Power Shift Africa, focus on the costs of warding off climate impacts.

On Friday, US President Joe Biden extended his country's measures against Russia to include sanctions on President Vladimir Putin and his Foreign Minister Sergei Lavrov, including a travel ban for the two statesmen. Biden was the first world leader to announce sanctions, hours after Putin declared a "military operation" into...

In Europe, the three main indices all closed more than three percent higher, recovering most if not all of the previous day's losses, as Western nations held off from imposing sanctions that would cripple critical sales of Russian oil and gas.

DP World’s purpose-built maritime hub, Dubai Maritime City (DMC), has launched an infrastructure project at a cost of AED140 million ($38 million). An official statement said the project is part of “ongoing efforts to boost Dubai’s economy and enhance the efficiency of the logistics sector”. The infrastructure project includes developing...

The World Bank and MSMEDA is eager to review and develop the needs of startups.

The Ras Al Khaimah Department of Economic Development (RAK-DED) offered AED 7 million ($1.9 million) in economic stimulus package to business sectors in the Emirates. Local media reports said the package was provided to support the local economy and ensure business continuity during the COVID-19 pandemic. RAK-DED said the package...

Ukrainian President Volodymyr Zelensky called on world powers on Thursday to cut Russia off from SWIFT, after Russian forces invaded his country on Wednesday.

This goal requires adopting new economic diversification strategies, in addition to supporting new economic sectors, said Minister of Economy Abdullah bin Touq Al Marri.

Russia’s invasion of Ukraine threatens to drive up global commodity prices and disrupt the US recovery at a time of high inflation

The surge in deaths came alongside evidence of both increased arrivals in at least one key destination and rising interceptions.

Washington said the penalties will be severe, and will have lasting impact on Russia's economy.

The World Bank and IMF warned on Thursday that Russia's invasion of Ukraine would have repercussions for the global economic recovery.

The Australian state of New South Wales (NSW) displayed its agri-food innovation and manufacturing capabilities to strengthen further its ties with the UAE at a dinner event held at the Australia Pavilion at Expo 2020 Dubai. The event was led by Vish Padmanabhan, NSW Senior Trade Commissioner to India and...

Lebanon's transport minister has said that Spain will finance a plan to revive the railway network that has been out of service since the start of the 1975-1990 civil war. A deal for a "comprehensive master plan for the 407 kilometer-long (252 miles) railway" is expected next month, Public Works...

The Arab oil and gas producers are likely to close the gap that could arise from the disruption of oil flows from Russia, according to the Institute of International Finance.

GASTAT data said the value of exports amounted to SAR106.3 billion ($28.35 billion) in December 2021.

The ruble-dominated Moex index opened down 13.97 percent, while the dollar-dominated RTS was down 20.16 percent.

Tunisia's debts have soared to nearly 100 percent of Gross Domestic Product.

Weekly storytelling events are one of the last affordable pleasures in Lebanon, where a crashing local currency has rendered books something of a luxury.

Qatar Development Bank (QDB) will support Qatari entrepreneurs and innovators, small and medium-sized companies, to help diversify the country's economy.

Soaring inflation in Turkey has propelled a wave of strikes unlike any the country has seen since the 1970s, as workers demand more money to counter the shrinking value of their pay.

The rise in exports was 7 percent when compared to November of the same year.

Passenger and aircraft movement and air cargo traffic at QAIA remained far lower than pre-pandemic levels.

Saudi Aramco is interested in investing in China, its President and CEO Amin H Nasser, said. He asserted that Aramco has a huge interest in investing in the economic powerhouse. The CEO was speaking at the International Petroleum Technology Conference 2022 in Riyadh. “Definitely, we are looking for more investment...

UAE reached the top spot globally as a rough diamond hub, trading over $22.8 billion worth of rough diamonds in 2021. Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC, announced this at the Dubai Diamond Conference, local media reported. The conference was held at Dubai Multi Commodities Center...

The record shows 1,792 newly registered companies in the zone, testifying to the increased investor confidence in the services provided by the emirates.

Beside Covid-19 pandemic, many countries in the region face war and conflicts. A robust economic system necessitates an effective strategy to combat corruption. If GCC countries wishes to be prosperous, there must be systems in place to fight corruption and ensure that the integrity of the state is maintained.

"I support raising the federal funds rate at our next meeting in March," governor Michelle Bowman said.

Recently, a 4% stake of the oil giant had been transferred to PIF in an $80bn deal.

The ceremony among others was attended by the Minister of Industry, Commerce and Tourism Zayed bin Rashid Al Zayani and US Ambassador to the Kingdom of Bahrain Steven C. Bondy.

The attacks reportedly focused on sovereign institutions, financial and economic targets, and even individuals.

Gas from Egypt and Jordanian electricity is expected to help Lebanon restore electricity supply to 8-10 hours a day soon.

The minister is visiting Rabat, economic capital Casablanca, and tourist hub Marrakesh as well.

On Thursday Bennett cited a decline in infections when he announced an end to the green pass.

A cross-border media investigation broke Sunday claiming that Switzerland's second-largest bank had held tens of billions of dollars of ill-gotten funds.

Now, the fastest-growing job profiles in the GCC include a mix of both pandemic-resultant and non-pandemic-resultant positions.

A workshop held by the JCC and working meetings with a number of ministers and representatives of official entities, universities and private sector institutions explained about the opportunities.

The Jeddah-based pharma retailer plans to float 30 percent of its capital.

Digital economy has driven the startup investment upsurge in the MENA region in 2021.

The Ministry of Energy and Water has said the two dams have so far cost $90 million, and not the $1 billion that has been claimed.

The initiative will provide affordable medicines to uninsured and low-income expat patients or those whose insurance does not cover the cost of treatment of several diseases.

The projects have been inaugurated in Djibouti.

More than two years into a financial crisis that has seen the local currency lose 90 percent of its value, the reputation of Lebanese lenders has been shredded.

The Bahrain Golden Visa was recently announced during a Cabinet meeting chaired by Crown Prince and Prime Minister Salman bin Hamad Al Khalifa.

UAE’s Minister of Industry and Advanced Technology, and UAE Special Envoy for Climate, Sultan Ahmed Al Jaber has said that the UAE views climate action as a key enabler of stability and economic prosperity.

UAE Energy Strategy 2050 aims to increase the contribution of clean energy in the total energy mix from 25 per cent to 50 percent.

The UAE government has been praised by no less than the International Monetary Fund for the handling of its economy during the pandemic.

Executive Director of the Supervision Sector at the Central Bank of Kuwait, Waleed Al-Awadhi said that the digital banks will have no branches.

This remarkable performance was recorded in the three segments of fisheries: artisanal fishing, coastal fishing and deep-sea fishing.

The decree details the responsibilities of both employees and employers to ensure work stability and increase productivity in the workplace.