Defying a government ban against marches, scores of Moroccan trade union activists protested on Sunday in the capital Rabat and other cities to denounce surging costs of food and fuel. Protestors from the Democratic Labour Confederation (CDT) organized rallies outside their offices in Rabat and Casablanca as well as other...

DUBAI, UAE - Dubai Chamber of Digital Economy, one of the three chambers operating under Dubai Chambers, has hosted the sixth episode of a series of digital industry workshops focusing on the e-commerce market.Attended by Dubai's e-commerce industry leaders, the workshop saw discussions on topics surrounding regulations, funding, talent, and...

ABU DHABI, UAE -  A delegation of 10 Abu Dhabi entities visited Israel from  February 12-16 to discuss business cooperation and innovation opportunities.Led by the Abu Dhabi Investment Office (ADIO), the delegation included Abu Dhabi Global Market (ADGM), Abu Dhabi Residents Office (ADRO), Hub71, Abu Dhabi IPO Fund (ADIPOF), Masdar...

Turkey was already battling runaway inflation and relying on rich allies for funding to keep its economy afloat when a massive earthquake killed tens of thousands, razed entire cities and left millions needing urgent help. Mahmoud Mohieldin, an executive director at the International Monetary Fund (IMF), said the 7.8-magnitude tremor...

DUBAI,  UAE - MD and CEO of Dubai Electricity and Water Authority (DEWA)  Saeed Mohammed Al Tayer received a high-level delegation from Emerson headed by Lal Karsanbhai, President and CEO.Emerson is a global leader in technology, software, and engineering.The visiting delegation included Michael Train, Chief Sustainability Officer, Emerson; Vidya Ramnath,...

Earlier in Saturday, Esther Lynch, Europe's top trade union official took part in a demonstration organized by the UGTT trade union federation and made comments that constituted blatant interference in Tunisia's internal affairs, head of the European Trade Union Confederation, the presidency said in a statement. It added that she...

SFAX, TUNISIA - Thousands of Tunisian trade unionists held protests across the country on Saturday over worsening economic woes and the arrest of a top union official.The North African country is in drawn-out talks with the International Monetary Fund for a bailout loan, which the powerful UGTT workers' federation has warned...

DUBAI, UAE -  Minister of State for Foreign Trade Dr. Thani bin Ahmed Al Zeyoudi has marked the first anniversary of the signing of the landmark UAE-India Comprehensive Economic Partnership Agreement during two important events in the UAE.On Friday, Al Zeyoudi received a delegation from the Federation of Indian Chambers...

Its profit shot up more than 5,000% to $14.45m in 2022.

Washington, United States--The IMF said Friday it has reached a staff-level agreement with Ukrainian authorities that opens doors to a full-fledged loan, which would also support the country's bid to join the European Union.Ukraine was seen to have "strong" performance under a four-month program with the International Monetary Fund, meeting its...

Abu Dhabi, UAE--The first batch of naval vessels arrived at the Abu Dhabi National Exhibition Centre Waterfront (ADNEC Marina) today, to take part in NAVDEX 2023.NAVDEX 2023 will be held in conjunction with IDEX 2023 from 20th-24th February.The first batch comprised of seven naval vessels of different sizes and uses,...

It will focus on the development of defense trading.

TUNIS, TUNISIA -  A goalkeeper at a top-flight Tunisian football club has reached Italy as a clandestine migrant, his club said Friday, as the dire economy pushes thousands into making similar journeys."Due to the financial crisis facing the club, and difficult living conditions (in Tunisia), the goalkeeper of Avenir Sportif de...

Total operating income rose 11% in 2022 compared to 2021.

Fashion house posted huge earnings despite inflation.

DUBAI, UAE - MD and CEO of Dubai Electricity and Water Authority (DEWA) Saeed Mohammed Al Tayer spoke of the organization's keenness to cooperate with leading international companies for the continuous development of its operations.Al Tayer made the remarks during discussions with a high-level delegation from France’s satellite operator Eutelsat,...

The 7.8-magnitude quake hit Turkey and Syria on February 6, leaving a combined death toll of nearly 40,000 people. Since then, Assad has received calls from the leaders of several Arab countries, including those that cut off ties with Syria over a decade ago over bloodshed during its civil war.

The group sold over two million cars in 2022

The external e-commerce players, projected to grow by 19.2 percent from 2022 to 2026, are expected to capture a share of 34 percent of the total online shopping in the UAE.

Firm's profit rose due to gas and crude oil prices spike.

Lebanon's cash-strapped banks have imposed strict restrictions on withdrawals, barring depositors from accessing their savings, especially those in US dollars.

DUBAI, UAE -  Investopia, the global investment platform launched by the UAE Government, and Mubadala, the sovereign investor, announced a strategic partnership.This strategic partnership is focused on Investopia’s second annual event which will take place on March 2- 3, 2023 in Abu Dhabi, under the theme 'Envisioning Opportunities in Times...

ABU DHABI, UAE -  The UAE and India share solid relations, said the Abu Dhabi Chamber of Commerce and Industry (ADCCI).M. A Yusuff Ali, Second Vice Chairman of the ADCCI reaffirmed the solid relations between the UAE and India, saying, "The UAE and India share a long history of solid...

The company's net profit in 2022 jumped to $278 million.

The emirate has launched a number of initiatives in recent years as it focuses on diversifying its economy away from oil.

Driven by new projects, its sales in 2022 touch $9.5bn.

Riyadh, Saudi Arabia--Atkins has been appointed as a delivery partner organization for what Saudi Arabia terms as "The Line" in NEOM.Atkins is one of the world’s leading design, engineering and project management consultancies and a member of the SNC-Lavalin GroupA civilizational revolution that will have no roads, cars or carbon...

With Lebanon's political and economic crisis showing no signs of abating, its currency on Wednesday hit a record low against the dollar on the black market. The pound has lost more than 95 percent of its value against the greenback since the beginning of the economic crisis in 2019.

Experts say the deals could be a win-win for all sides, but unlike old Gulf largesse of unconditional aid, the new deals will require reforms. Cairo hopes the cash injection will plug what the IMF warns is "a financing gap of about $17 billion over the next four years".

Abu Dhabi, UAE--ADNOC Distribution announced on Wednesday that it has completed its acquisition from TotalEnergies Marketing Afrique SAS of a 50% stake in TotalEnergies Marketing Egypt LLC.The closing of this landmark transaction, which was first announced in July 2022, marks the official entry of the UAE’s largest fuel and retail...

United Nations, US--The United Nations launched an appeal for $397 million on Tuesday to help earthquake victims in Syria, where the disaster has killed thousands of people and left millions more in desperate need of aid.Secretary-General Antonio Guterres, announcing the appeal at the UN headquarters in New York, said the funds...

Abu Dhabi, UAE--Abu Dhabi today announced the inauguration of the bilateral linkage of the traffic systems between the UAE and Kuwait.This came in a bilateral meeting held in Abu Dhabi between the delegations of the two countries, where Maj. Gen. Khalifa Hareb Al Khaili, Under-Secretary of the Ministry of Interior,...

It made the profit in Q4 last year on revenue of nearly $2bn.

The insurance firm posted a net profit of $12.32 million.

Dating back almost 5,000 years, archaeologists in Iraq have uncovered the remains of a tavern that they hope will illuminate the lives of ordinary people in the world's first cities. The US-Italian team made the find in the ruins of ancient Lagash, northeast of the modern city of Nasiriyah.

Driven by Saudi Arabia's construction sector, near-term forecast remains positive for the GCC with more than $110bn worth of projects in the tender stage.

Although the remittances grew by an estimated 5 percent in 2022, they were lower than the 10.2 percent increase in 2021.

LONDON, UK - The London stock market jumped to a record peak Tuesday in a positive open across Europe, after hefty gains on Wall Street with all eyes on US inflation.The British capital's benchmark FTSE 100 index of top companies reached as high as 7,986.20 points."The tailwinds from another decent market...

Luxembourg--European Investment Bank (EIB) Global, a branch of European Investment Bank, announced on Monday that it will provide $27 million participation in the $150 million Middle East Venture Fund.This is the largest ever venture capital engagement by the EIB in the Middle East.The new venture capital fund launched by Middle...

The consumer price index is forecast to have dipped to 6.2 percent last month from 6.5 percent in December, according to Bloomberg. But that is still well above the Fed's target of two percent, and analysts said a higher read on the CPI could spark a hefty sell-off on markets,...

The insurance firm's net profit vaulted to $28 million.

In 2013, Sheikh Mohamed bin Zayed ordered the transfer of ships carrying vital petroleum commodities via Mediterranean to Egypt to help it overcome the crisis, says El Sisi at WGS.

FY'22 turnover rose to $1.4 billion, up 65 percent YoY.

Aim is to develop hydrogen-based mobility pilot project.

Firm has proposed dividend of S$115 million for 2nd half 2022.

Dubai, UAE-- Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai has approved the design of the new air taxi stations in Dubai, which will start operating within three years.“Today, we approved the designs of flying taxi stations in Dubai which...

Damascus, Syria--Syria's President Bashar al-Assad on Sunday thanked the United Arab Emirates for its emergency response and tens of millions pledged in aid to the quake-hit country, the presidency said."The UAE was among the first countries that stood with Syria and sent huge relief and humanitarian aid and search and rescue...

Dubai, UAE--Ohood Al Roumi, the UAE's Minister of State for Government Development and the Future and Vice Chair of the World Government Summit (WGS), has stressed the importance of data and data protection in shaping future governments and businesses.During a session titled "The Role of Data in Government Development", within...

To house millions of people who lost homes in the devastating earthquake, Qatar will send some 10,000 cabins and caravans used during the World Cup to Turkey and Syria. The UN estimates that many millions may be in need of help after the 7.8-magnitude quake killed some 33,000 and flattened...

The stock exchange's net profit jumped 13% to $59m in 2022.