The common belief in the international community is that the reason behind Lebanon’s economic crisis is corruption and misgovernance. Thus, most foreign powers have promised to provide aid only after Lebanon enacts reforms to curb corruption and make governance more transparent.

International expos, or world fairs, draw millions of visitors to a chosen city every few years. Over two centuries these mega events have introduced the world to new products and landmarks.

With the rollout of vaccines and easing of lockdowns this year, bets on demand for the black gold have surged, while an energy crunch in the northern hemisphere has sent natural gas prices to a seven-year high leading to a spillover into the oil market.

Dubai's edition, the first in the Middle East, is expected to be the biggest event ever held in the region with estimates of 25 million visitors over its six-month lifespan.

A study published said projections for 2019 indicated investments that would generate long-term returns of up to $33.3 billion.

The company, the Expo's 2020 official partner, is ready to greet visitors and provide them with the most up-to-date digital solutions.

Lebanese Prime Minister has confirmed that his country has reached out to Arab and Gulf nations for help, but the much-needed financial and economic aid to crisis-hit Lebanon is still locked until the government accomplishes fundamental reforms.

Mohamed Hamad Al Kuwaiti has said the UAE is fully equipped to transition into AI for governance and economy.

The initiative, called Why Africa, will also look at the region’s key economic indicators and competitive advantages.

The event featuring concerts, theater performances, wrestling matches aims at making the Saudi capital a tourism entertainment destination.

Auto exports to the region are likely to suffer for the next more than a year due to an estimated net production loss of 3.9 million vehicles globally. Besides the automobile sector, e-gadgets, the smartphone and video gaming industries were impacted by the shortage.

The results show Dubai has reinforced its status as one of the world’s fastest-growing business hubs, said Dubai crown prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum. He added Dubai’s existing sea and air network will be expanded to cover 200 new cities around the world.

Invest in Sharjah has confirmed participation at the world’s biggest fair and announced it will host discussions and specialized activities to promote business and investment opportunities in the emirate.

The global drop in oil prices, along with the pandemic and related issues, had dealt quite a blow to the Saudi economy.

Saudi Arabia and the United Arab Emirates contributed about 70 percent of the total value of the Gulf Cooperation Council's real estate deals in the first half of 2021

DUBAI: Kuwait’s population decreased by 0.9 percent in the first six months of this year to 4.62 million, as expatriate numbers continued to decline, a report said. More than 56,000 expats left the country in the first half of this year, pushing the total departures to about 190,000 since the...

Saudi Arabia and Greece have decided to set up a business council in order to enhance bilateral trade and investment between the two countries.

As a result of fewer travel restrictions following vaccination and a decline in Covid-19 cases, Dubai has experienced a turnaround in employment and a revival in business. Businesses in Dubai’s travel and tourism industry in August saw the sharpest increases in activity and new work in over two years, according...

The Road and Transport Authority has charted out technical event management plans and developed a structure for the mobility of Expo visitors using various transit means from the metro and bus stations inside and outside the emirate in addition to taxis deployed at the site.

Kajiyama Hiroshi, the economy, trade and Industry minister of Japan, said that Middle Eastern countries are important partners in creating a hydrogen-based society.

Demonstrators blocked the entrance to the airport and a bridge linking Kassala State in the east with the rest of the country.

The impending end of super-loose monetary policy from the Federal Reserve will have both positive and negative effects on the economies of the Arabian Gulf.

An independent investigation found that during her time as World Bank CEO, Georgieva was among top officials who pressured staff into changing data to China's benefit

The world must act, and act now, if we are to reach zero hunger by 2030, the UAE’s Minister of State for Food Security Mariam Hareb Almheiri has said at a UN summit. "The magnitude of the task that faces the global community in meeting SDG 2 — Zero Hunger...

The United Nations has called for the world to redouble its renewable energy efforts to avert a climate emergency.

The projects initiated as part of hosting the tournament include the construction of eight stadiums, Doha Metro Rail, a new airport, new seaports, laying new roads, and the futuristic sustainable Lusail City, which can accommodate 450,000 people once completed.

Dubai ruler and prime minister of the United Arab Emirates, Sheikh Mohammed bin Rashid Al Maktoum, has given approval for the allocation of $17.6 billion to a housing program for Emirati citizens in Dubai.

Helped by the UN, Lebanon will get fuel to keep its healthcare and water-supply facilities for the next three months.

Electricite du Liban, or EDL, is now capable of generating less than 500 megawatts from the fuel it secured through a deal with Iraq, and even that fuel is not of the correct grade. Iraq signed an agreement in July to allow the cash-strapped Lebanese government to pay for 1...

Saudi Arabia has succeeded in saving nearly $133.3 billion during the last four years by virtue of efficiency and budgetary discipline, according to the kingdom’s Finance Minister Mohammed Al-Jadaan.

Goldman Sachs, the US investment bank, has estimated that the restructuring of Lebanon’s financial system would leave the crisis-prone banks of the country with total losses of up to $65 billion, and might lead to insolvency.

Both countries signed an MoU to strengthen cooperation in areas of digital economy, innovation, and entrepreneurship.

Member companies of Dubai International Chamber will work towards achieving the target of boosting Dubai’s foreign trade to $544bln within the next five years.

The Turkish currency was down around 1.1 percent against the US dollar by 1330 GMT, after the bank announced it was cutting the one-week repo rate to 18 percent from 19 percent in a decision that surprised analysts.

It is predicted that the Hyperloop technology will carry between 45 and 50 million passengers yearly in the Gulf Arab states using clean and renewable energy.

The Central Bank of the United Arab Emirates has decided to gradually do away with all the stimulus measures introduced in the wake of the outbreak of the Covid infection in the country.

The two countries also reviewed bilateral partnership and cooperation in confronting the Covid-19 pandemic.

Amidst forecast of economic recovery of Saudi Arabia, a few sectors that have driven the Kingdom's Q2 growth include real estate, manufacturing, wholesale, retail and hospitality.

DUBAI: An incubator to support Small and Medium Enterprises in Oman will be established by Oman’s Authority for Small and Medium Enterprises Development (Asmed) in collaboration with Oman Drydock Company. The incubator will be specialized in the logistics sector, supply chains, and services affiliated with the Public Authority for Special...

There are dozens of such calls every day, and around 1,100 a month, in a nation that has seen an exodus of healthcare specialists and shortages of drugs to treat anxiety, depression and psychosis.

The United States promised an additional $290 million but said the ultimate solution was to end the war

Turkish president told the UN General Assembly that Turkey will complete the ratification process in time for the November UN Climate Change Conference in Glasgow.

The oil ministry earlier this month raised the price of fuel sold to cement manufacturers from 150 dinars per litre (around 10 cents) to 250, following on from a previous hike earlier in the year.

The growing consensus is that the much-anticipated first step will not be announced until November and ultimately begin in December.

The economies of the region are recovering fast on the back of the rising oil prices and speedy vaccination programs, says Jean Claus, CEO of Euler Hermes Middle East

Dubai’s economy would grow by a further 3.4 percent in 2022, ‘spurred by the hosting of Expo 2020’.

Gas will be sourced from SNOC's own resources and ADNOC imports.

The scheme allows them to manage properties from outside the country through law firms or realtors.

The forecast for China remained unchanged at 8.5 percent. The growth prospects of Argentina, Brazil, Mexico, South Africa, South Korea and Turkey have also improved. Prospects of Australia, Britain, Japan and Russia were lowered

Investing in agricultural technologies can take the UAE closer to its goal of being one of the top 10 countries for food security soon