Only five months transpired between Didi's going public in New York in June and word Friday that it will prepare a Hong Kong listing.

Egypt's non-oil activity in the private sector shrank for a 12th month in November as inflation expectations rose, causing new business orders to fall by their fastest in a year, a survey said. Media reports said IHS Markit's Purchasing Managers' Index (PMI) came in at 48.7, below the 50.0 threshold...

The bank said it was confident that the global bottlenecks would continue to improve over the coming year. ‘We expect this to reduce the pressure currently being felt by global central banks, enabling them to keep interest rates lower for longer,’ it said.

The festival aims to, among other things, make Abu Dhabi the preferred place for camel fairs regionally as well as internationally.

The signing of the MoU reportedly coincided with the visit of the French President Emmanuel Macron to the UAE.

According to official data, Jordanian exports to Turkey in the first 8 months of the current year dropped by 10 percent to JD29 million.

“This partnership is a continuation of Aramco’s long-standing relationship with a number of leading French companies. It represents an opportunity to promote hydrogen as a low-carbon solution, not just for motorsport, but eventually for mass transportation as well,” Amin H. Nasser, Aramco President and CEO, said. “Such collaboration helps us...

Russian representatives from three provinces met with commissioner general of the Jordan Pavilion at Expo 2020 Dubai.

The president of the CGEM, Chakib Alj, highlighted 15.2 percent growth in the Moroccan economy in the second quarter of 2021.

According to the economists, Omicron's threat to economy will likely be less severe than the previous waves.

The deputy minister Mehdi Sadeqi Niaraki argued that production growth is one of the main strategies to develop the Islamic Republic, adding that the Statistical Centre of Iran and the Central Bank of the Islamic Republic of Iran have announced in a different report 5.5 percent and 6.1 percent production...

The agreements will boost the strategic partnership between the two countries to serve their mutual interests.

Tunisia's budget deficit has narrowed to nearly 3.8 billion ($1.3 billion), at the end of September 2021, against 4.9 billion dinars, in September 2020, down 23 percent, local media reports said, citing Finance Ministry's budget data. The decrease in the budget deficit is due to the increase in budgetary resources...

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.

Gopinath will succeed Geoffrey Okamoto as first deputy managing director, serving under IMF chief Kristalina Georgieva.

"Jordan represents a unique and strategic opportunity for global investors. We are looking forward to strengthening our ties further in the region", says Devan Gohil, Director at RiverBay Capital. The firm's new mandate is likely to see a significant flow of overseas capital being deployed in the country over the...

The OPEC+ alliance led by Saudi Arabia and Russia had so far resisted US-led pressure to significantly boost output to rein in surging energy prices.

Washington hailed Thursday's deal in a statement, saying it would "improve the transparency and fairness of processes for obtaining authorisations to provide services by professionals and firms in a wide array of fields." US Trade Representative Katherine Tai said “this initiative is the first successful WTO services negotiation in years,...

Lebanon's unprecedented economic crisis and the coronavirus pandemic have dimmed the cosmopolitan appeal of the capital.

The European Bank for Reconstruction and Development (EBRD) has said it will support the Moroccan financial system by launching an e-learning training program on capital markets, local media reports said. The program offers participants the opportunity to update their capital markets knowledge and skills, EBRD said in a statement. The...

The annual appeal by UN agencies and other humanitarian organisations said that providing aid to the 183 million most vulnerable people across 63 countries next year would require $41 billion.

Under the agreement, a mobile irrigation application will be developed to serve Jordanian farmers, specifically in the Jordan Valley.

SDC is the 25th member from the Mideast to join UNWTO.

Saudi Arabi on Wednesday recorded its first case of Omicron variant infection, in a citizen its health ministry said had come from a North African country. Hours later, the UAE announced it too had detected the strain within its borders, in an ‘African woman arriving from an African country via...

Israel's cultural capital Tel Aviv is now more expensive than Paris, Singapore, Zurich, Hong Kong and New York.

Turkish president accepted the resignation of Lutfi Elvan and appointed his deputy Nureddin Nebati as the new finance minister.

S&P Global Ratings has introduced a new national credit rating scale for Saudi Arabia in response to a growing interest in the kingdom’s local currency debt markets.

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 OECD warned Wednesday that the Omicron coronavirus variant threatens the global economic recovery as it lowered the growth outlook for 2021.

Ralf Wintergerst, Group CEO of 170-year-old German firm Giesecke+Devrient (G+D), said physical currency is a resilient form of payment and it is here to stay alongside digital currency.

Youth in Iraq get job through “wasta,” the system of “who you know” that has become Iraq’s pervasive scourge.

In its new report to be published soon, titled "The UAE: Data Documenting the Journey until 2020", the Federal Competitiveness and Statistics Centre (FCSC) reveals key facts and figures underscoring the country's economic growth during the past 50 years, to mark the country's Golden Jubilee.

A mild recovery from the previous two days' steep losses was turned on its head in the region on Tuesday after Moderna head Stephane Bancel told the Financial Times that existing vaccines might not be as effective against the new Covid strain owing to its multitude of mutations.

Meat alternatives have become common in an increasing number of US households, thanks in part to Beyond Meat and Impossible Food plant-based products.

Tel Aviv climbed the rankings partly due to the strength of the national currency, the shekel, against the dollar, as well increases in prices for transport and groceries. Paris and Singapore came in tied for second, followed by Zurich and Hong Kong. New York City was in sixth place, with...

Abu Dhabi’s Advanced Technology Research Council (ATRC) on Tuesday announced that it has awarded AED40 million ($10 million) in research funding to 53 successful R & D projects across eight key sectors in 2021. ARTC is the overarching entity mandated to shape Abu Dhabi’s R & D strategy and its...

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...

The UAE cabinet has also approved policies to boost the creative sector, and even rehabilitate convicts and juvenile delinquents.

Fed chief Jerome Powell has said the new strain could also heighten uncertainty regarding inflation.

The meeting "is shaping up to be one of the most significant since the pandemic demand recovery began, and the key signal will be how much more oil will be added to supply to start the new year," said Peter McNally, an analyst at the Third Bridge think tank.

Saudi Arabia reactivated its support for Pakistan in the last week of October, including about $3 billion in safe deposits and $1.2 billion in oil supplies on deferred payments.

Barry Greenberg, Of Counsel at BSA Ahmad Bin Hezeem & Associated, breaks down what a landmark bankruptcy ruling means for regional companies.

Manufacturing activity in China edged up in November due to an easing in power shortages and a drop in some raw material costs. The latest data from the National Bureau of Statistics was also better than a 49.7 reading expected by a Bloomberg poll of analysts.

Multiply Group has assets of AED 8.16 billion and 3,240 employee

The newly built venue in Jeddah is all but completed ahead of Sunday's night race just over a year after Saudi Arabia was announced as the wealthy Gulf region's latest F1 host.

With little oil but the most diversified economy in the Gulf, Dubai has gone from a fishing village to a major financial, transport and media hub in the space of a few decades. Known for its glitzy shopping centres and its forest of skyscrapers, it has become a major tourist...

Iraq’s general budget for 2022 will focus on implementing a set of investment projects in line with diversifying economy and achieving sustainability.

Qatar's Ministry of Labour has signed a Memorandum of Understanding (MoU) with the Qatar Financial Centre (QFC) Authority to train and employ cadres from national forces, especially fresh graduates, to enter the job market. The MoU states that the Ministry of Labour will provide national workforce data of male and...

American companies are creating a framework for future jobs, which is a new area of cooperation between the US and the UAE, a senior executive of an American business body has said. "We’re actually creating a curriculum in American companies for jobs that don’t exist. So, the US and the...

This partnership is expected to support UAE Industry 4.0.