Minister of State for International Cooperation Reem bint Ebrahim Al Hashimy said the UAE's continued efforts to mitigate the humanitarian impact of the Ukraine crisis.

Major global equities rose, with sentiment soothed after upbeat US earnings and Britain shredded its controversial budget. Analysts pointed to better-than-expected reports from Goldman Sachs and Johnson & Johnson as a positive driver for stocks. On Wall Street, the Dow Jones jumped two percent after a day of strong trading...

The Abu Dhabi Department of Economic Development (ADDED), and Bangladesh Embassy in Abu Dhabi, have organized the Economic Cooperation Forum to enhance economic cooperation and mutual investment opportunities.

The Kremlin said that the investigation into the explosions that tore through the Nord Stream gas pipelines was being 'tailored' to place the blame on Russia.

The Central Bank of the UAE (CBUAE) in collaboration with the Tawazun Economic Council (Tawazun), has issued 1,000 silver commemorative coins to mark the 30th anniversary of Tawazun.

The Taiwanese tech giant Foxconn has moved to diversify beyond electronics assembly and embraced the competitive but rapidly expanding EV business, unveiling three concept cars last year.

The announcement comes after the IMF affirmed that the Kingdom's economic prospects are positive in the short and medium term.

State Department spokesman Vedant Patel told reporters that Russia deepening an alliance with Iran is something the whole world, especially those in the region and across the world, frankly should be seeing as a profound threat. Ukrainian officials said that the strikes killed four people in Kyiv and knocked out...

Holders of UAE passports can stay in Japan for up to 30 days during each visit for the purpose of tourism or work.

The organizer said he did not want the gathering "to become a political platform". The decision not to invite American officials, a departure from previous years, comes as tensions rise between longtime partners Washington and Riyadh over the Saudi-led OPEC+ cartel's recent vote to cut oil production.

Fuel workers voted to continue stoppages at several refineries run by TotalEnergies, the coordinator for the hard-left CGT union Eric Sellini said, rejecting a pay package agreed between the group's management and mainstream unions. Three out of seven of the country's oil refineries and five major fuel depots are affected,...

UAE's Ministry of Energy and Infrastructure signed a Memorandum of Understanding with its counterpart in Chile to exchange knowledge and expertise in energy and advance this vital sector locally and globally.

The Lebanese pound has been officially pegged at 1,507 to the dollar since 1997, a rate that has not reflected its true market value for years as the currency has been in free fall, with multiple parallel exchange rates coexisting. The crisis has pushed most Lebanese into poverty.

"As with the Covid-19 pandemic, it is once again the most vulnerable that are paying the price of world events. Combined crises are expected to throw an additional 75 to 95 million people into extreme poverty this year alone," Olivier De Schutter, the UN special rapporteur on extreme poverty and...

Kuwait's crown prince swore in a new government, less than a month after the emirate held parliamentary elections in which the opposition reaped major gains. The polls capped a political stand-off between the former cabinet and legislature that saw lawmakers occupy the national assembly building for days.

Iran vowed an "immediate" response to the European Union as it prepares new sanctions on the Islamic republic after over a month of protests sparked by Mahsa Amini's death. EU foreign ministers met to adopt sanctions on Iran after Amini was detained for allegedly breaching Iran's strict dress code for...

Riyadh, Saudi Arabia---Saudi Arabia will target 11 new decisions for Emiratisation program in project management, procurement, food and drug sectors before the end of 2022, said Ahmed bin Sulaiman Al-Rajhi, the Minister of Human Resources and Social Development. During his meeting with businessmen and women at the Chamber of Commerce...

Jeremy Hunt was put in place on Friday after Prime Minister Liz Truss sacked Kwasi Kwarteng as she battles to save her political career just weeks after taking the keys to Downing Street. Hunt is tipped to tear up the previous plans and warned at the weekend of tax hikes...

It has agreed to pay $495 million as part of a deal reached with US prosecutors in a long-running dispute over mortgage-backed securities. The disputed dating back to the 2008 financial crisis will see the European lender make the "one-time payment" in order to resolve claims for compensation.

China in June 2019 won the bid to host the event but pulled out in May because of its "zero-Covid" policy, leaving the AFC scrambling to find a new host for its flagship men's 24-team football tournament. The tournament had been due to be held in 10 Chinese cities from...

US National Security Advisor Jake Sullivan told CNN on Sunday that Biden would "act methodically, strategically" in re-evaluating US-Saudi relations, adding that the US leader had "no plans" to meet the crown prince at a November G20 summit in Indonesia. Russell Lucas, a Middle East expert at Michigan State University,...

Paris, France— Russia's invasion of Ukraine and the resulting economic fallout have thrown four million children into poverty across eastern Europe and Central Asia, the UN children's agency said Monday. "Children are bearing the heaviest burden of the economic crisis caused by the war in Ukraine," UNICEF said. The conflict "and...

Now is the time for emerging market policymakers to batten down the hatches. Eligible countries with sound policies should urgently consider improving their liquidity buffers by requesting access to precautionary instruments from the Fund, adds the IMF's Economic Counsellor Gourinchas.

The Sharjah Chamber of Commerce and Industry participated in the international conference to mark the 100th anniversary of the Egyptian Chamber of Commerce in Alexandria and the 40th anniversary of the Federation of Mediterranean Chambers.

The anti-corruption commission announced Sunday it has launched an investigation and said in a statement that it will provide the judiciary with all the information and documents it gathers "so that it can make the appropriate decisions" on individuals implicated in the case.

The agreement in principle, reached between IMF staff and Tunisian authorities meeting this week in Washington, still requires the approval of the Fund's board, which is scheduled to discuss the matter in December.

All travelers to Qatar will need the pass to enter from November 1, whether they intend to watch a game or not. The card acts as a visa, match ticket and transport ticket. Saad Al-Suwaidi, head of the Hayya pass service, said that 1.5m-1.7 million people have so far applied...

UAE Minister of State for Financial Affairs Mohamed bin Hadi Al Hussaini met with India's Minister of Finance Nirmala Sitharaman on the sidelines of the G20 meetings in Washington.

Stormy US-Saudi relations have seen new strain over Riyadh's recent support for oil production cuts, with Biden warning of unspecified "consequences." The move last week by OPEC+ -- composed of the Riyadh-led OPEC cartel and a group of 10 exporters headed by Russia -- would reduce global output by up...

The Foreign Experts Court of the Abu Dhabi Judicial Department (ADJD) has managed to maintain high adjudication rates in the cases brought before it over three years since it started operating in 2019.

Riyadh, Saudi Arabia-- Saudi Arabia's Deputy Minister of Industry and Mineral Resources for Mining Affairs Khalid bin Saleh Al-Mudaifer said Sunday that the kingdom aims to establish a world-class business system in cooperation with South Africa, which he said was the most suited partner for achieving these goals. In his...

During his two-year tenure, the minister will work with the committee that include ministers, and the Board of Governors of the WBG and IMF to manage its programs related to sustainable and comprehensive economic development.

Washington, US-- International Monetary Fund and Egyptian authorities have agreed to finalize their work to reach a Staff-Level Agreement very soon, the IMF has said. Director of Communications at the IMF Gerry Rice said in a statement that "IMF staff and the Egyptian authorities have held very productive in-person discussions...

Washington, US—Bahrain has called for adoption of innovative solutions to encourage economic growth and sustainable development goals for all countries. The country's Finance and National Economy Minister, Shaikh Salman bin Khalifa Al Khalifa, has stressed the importance of strengthening international cooperation. The minister  took part in the meeting of the...

The agreement would result in partnership in encouraging direct investment, communications and information technology, exploring the establishment of a joint investment fund between the two nations.

The British government said the Free Trade Agreement is a major economic opportunity and plays a key role in the relations between UK and GCC.

Reacting to British PM Liz Truss's abandoned tax cut reform, US President Joe Biden has termed it a "mistake" as the Conservative leaded went into crisis talks to hammer out a new budget plan. British tax cuts were the centerpiece of a radical economic reform announced by Truss and her...

The hard-left CGT union, which launched the industrial action three weeks ago, said that workers at three TotalEnergies sites had decided to extend their strike.

UAE Minister of Climate Change and the Environment Mariam bint Mohammed Almheiri said that the crises facing the world today put the health and lives of millions of people at stake without distinguishing between developed and developing countries.

The UAE stock market followed the trend of other markets worldwide and ended the week on a high note but the Saudi TASI index closed down 1.1 percent.

LuLu Exchange – one of UAE’s leading financial service providers, announced that it has signed an agreement with the country's Ministry of Interior to launch a digital KYC process through new-age facial recognition on its cross-border payments app, LuLu Money.

The fund trimmed its world growth forecast to 2.7 percent in 2023, and its chief economist Pierre-Olivier Gourinchas cautioned that the next year would feel like a recession for many people. Throughout its meetings of financial chiefs this week, the crisis lender stressed that the priority was for central banks...

Continuing with the kingdom's role to support "everything that will contribute to de-escalation," Saudi Arabia has announced $400 million in aid for Ukraine. Saudi Crown Prince Mohammed bin Salman spoke to President Volodymyr Zelensky by phone, conveying the kingdom's eagerness to support mediation.

MENA residents' satisfaction and expectations about how services can and should be delivered have been radically altered due to the COVID-19 pandemic.

Berlin, Germany - Germany on Friday said it had filled its gas reserves to 95 percent of capacity faster than expected as it prepares for a winter deprived of Russian energy supplies. Europe's largest economy had been heavily dependent on Russian gas and has raced to bolster its reserves after...

Large US banks reported a round of solid quarterly profits, but cautioned of rising recession risks as the economy absorbs higher inflation and a dramatic shift is central bank policy. JPMorgan Chase set aside US$808 million in case of bad loans, while Citigroup reserved for $370 million in potential losses...

Russian oil giant Rosneft has filed a complaint against the German government for taking control of its German-based refineries, a court said, as energy tensions run high following Moscow's war in Ukraine.

GlobalConnect is a fiber-based data center services provider.

Close to 200 years after the business hub of New York City was named as downtown, the word has entered the lexicon of business and commerce in the Middle East, with many areas being referred to by it.

Defunct cell phones are just the tip of the 44.48-million-ton iceberg of global electronic waste generated annually that isn't recycled.