government

Amazon triples quarterly profit

The company's cloud, ads, and retail businesses thrive.

McDonald’s profits up 7%

The quarterly profits increased despite weak Middle East sales.

ADQ buys stake in Plenary Group

The deal is aimed at expanding public and social infrastructure.

FPT and Nvidia to build AI factory

Nvidia had invested around $250 million in Vietnam.

Swiss reserve hike hits UBS

The reserve requirement will increase from 2.5% to 4% from July 1.
  • Japan to restart funding to UN Palestinian refugee agency

    Tokyo, Japan--Japan is preparing to resume funding to the UN's crisis-hit Palestinian refugee agency (UNRWA), which coordinates nearly all aid to Gaza, the government said. Once the sixth-largest contributor to the agency, Japan joined more than a dozen countries in pausing funding after Israel claimed that 12 of UNRWA's 13,000...
  • ENEC shares expertise at cyber energy leadership forum

    The Emirates Nuclear Energy Corporation (ENEC) hosted the first edition of the CyberEnergy Leadership Forum (CELF) in Abu Dhabi. Over 117 experts from government, semi-government and private sector gathered to discuss best practices to enhance the cyber resilience of the energy sector in the UAE and globally.
  • Oman issues Treasury Bills worth $103 million for 91 days

    Muscat, Oman---The government of Oman issued Treasury Bills worth Omani Riyal 40 million (US$103 million) for a period of 91 days. The average accepted price reached RO 99.419 for every RO 100, and the minimum accepted price arrived at RO 99.270 per RO 100. Treasury Bills are short-term highly secured...
  • Saudi Arabian government body launches strategy 2022-2025

    The National Center for Government Resources Systems (NCGR) launched its comprehensive strategy (2022-2025).
  • Iraq anti-govt activists demand political change after unrest

    Brandishing banners and Iraqi flags, the non-partisan protesters streamed into west Baghdad's al-Nusoor square, demanding a complete political overhaul. Demonstrators shouted the Arab Spring slogan: "The people want the fall of the regime."
  • Libya violence leaves 23 dead, fueling fears of new war

    The two rival administrations competing for control of Libya have exchanged blame for the flare-up in violence killing 23 people as fears mount that a political crisis could touch off a major new armed conflict. Small arms fire and explosions rocked several districts of the capital overnight and into Sunday.
  • Palms Sports wins its biggest contract

    The 30-month UAE government contract is worth $83.31m.
  • European nations call closure of Palestinian NGOs ‘not acceptable’

    Terming the Israeli closure of seven Palestinian NGOs in the West Bank as not acceptable, the foreign ministries of nine European countries have said they are deeply concerned by a 'worrying reduction' of space for civil society in the territory.
  • Iraq protest camps dig in for long haul

    Supporters of cleric and political kingmaker Moqtada Sadr are pitted against Shiite opponents from a pro-Iran faction called the Coordination Framework.
  • Syria denies having US journalist Austin Tice in custody

    Denying holding the American nationals captive, including journalist Austin Tice, the Syrian government has responded to US President Jo Biden's assertion that he knew 'with certainty' that Tice was being held by the Syrian regime, calling on Damascus to help bring him home.
  • Tunisia’s judiciary vetoes sacking of judges by President Saied

    A total of 46 judges' sackings have been revoked, administrative court spokesman Imed Ghabri said, adding that the appeals of seven others had been rejected.
  • Jordan cabinet meeting debates implementation of reform plan

    A cabinet meeting in Jordan discussed ways of implementing the "roadmap" in accordance with the time frame set by the government.
  • Police use force on Iraq Kurds demanding end to corruption

    Violence erupted in Iraq's autonomous Kurdistan region when security forces fired tear gas and rubber-coated bullets Saturday into crowds of anti-government protesters demanding better living conditions, an end to corruption and authoritarian practices by the local government.
  • Sadr supporters told to leave parliament, move protest outside

    A top official from Iraq's Sadrist movement called Tuesday on followers who have occupied parliament for four days to move their protest outside, as calls mount for dialogue between political rivals. Supporters of powerful preacher Moqtada Sadr -- whose political bloc in October won the largest share of seats in...
  • No plan to leave Iraq’s parliament, say pro-Sadr protesters

    Supporters of Iraqi cleric Moqtada Sadr penetrated Baghdad's heavily fortified Green Zone on Saturday, occupying parliament with no plan to leave. It is the second time in days that Sadr supporters have forced their way in to the legislative chamber, months after elections that failed to lead to formation of...
  • More protests or fresh polls? Iraq mulls political paralysis

    The storming of Iraq's parliament by hundreds of supporters of populist Shiite cleric Moqtada Sadr has piled pressure on his political opponents working to form a government nearly 10 months after an election.
  • SAMA completes e-linking procedures through Tanfeeth program

    The Saudi Central Bank (SAMA) has completed electronic linking procedures with the Saudi Center for Economic Business through the “Tanfeeth” program. This program aims to directly link the technical systems of government agencies and banks operating in the kingdom through the Saudi Central Bank in a way that contributes to...
  • UAE delegation highlights good governance initiative

    The UAE delegation to the 2022 High-Level Political Forum on Sustainable Development (HLPF) at the United Nations (UN) Headquarters in New York, presented the second edition of the UAE’s National Voluntary Review Report.
  • Twitter files suit in Indian court to challenge orders to block content

    Twitter is challenging the Indian government's orders to block content on its social media site in court, local media reported Wednesday citing legal documents. The suit is the latest showdown between Twitter and Indian authorities, which have been accused of muzzling criticism both on and offline. In the case filed...
  • Libya protests planned over power cuts, political deadlock

    Libyans angered by rising prices, chronic power cuts and political deadlock planned further demonstrations Monday after a night of angry protests across the capital. Masked youths set alight car tires and blocked roads including a major coastal highway between central Tripoli and its western suburbs, but security forces did not...
  • Najib Mikati picked to form new Lebanon government

    The 66-year-old billionaire, who had been widely expected to keep his job, secured 54 votes during parliamentary consultations, giving him a clear edge over other potential nominees.
  • UAE to issue dual-tranche dollar benchmark size bonds

    The UAE government has announced it will issue a dual-tranche US dollar benchmark size bonds with a 10-year tranche and a 30-year Formosa tranche. The 10-year tranche will be listed on London Stock Exchange (LSE) and Nasdaq Dubai, and the 30-year tranche will be listed on London Stock Exchange (LSE),...
  • Another UN led deal to resolve Libya’s elections dispute fails

    Representatives of the Tripoli-based High Council of State and of the parliament, based in eastern Libya, began meetings in Cairo more than a week ago, but without success.
  • Israel govt loses key vote in setback for coalition

    Israel's government suffered a defeat at the hands of the opposition Monday which voted down a push to uphold Israeli law in settlements on the occupied West Bank, posing a challenge to the ruling coalition. In force since Israel's 1967 occupation of the West Bank the law, giving settlers in...
  • Germany to modernise military in face of Russia threat

    Germany's government and conservative opposition have agreed a deal that will release 100 billion euros ($107 billion) to modernise the army in the face of the Russian threat. An agreement was reached late Sunday to create a special fund for military procurement that will also allow Berlin to achieve NATO's...
  • Dubai Government-Dubai Customs meet discusses best practices

    A Dubai Government delegation that visited Dubai Customs was briefed about the department’s experience in budgeting, internal control, and best practices in future foresight and government innovation. Through these visits, Dubai Customs supports its strategic relationships with its partners and builds effective, value-added relationships that contribute to enhancing the corporate...
  • US urges Lebanon leaders to form a government swiftly

    State Department spokesman Ned Price said: "We urge those elected and the country's political leaders to heed the Lebanese people's call for change and to work seriously, and with urgency, to take the necessary actions to rescue the economy,"
  • All work-related leaves in UAE fall under contribution period: GPSSA

    Government sector employers are mandated to bear full contributions due from the insured in cases where he/she is accompanying a spouse for study leave
  • Emirates posts $1.1 billion annual loss despite $954million capital injection

    Losses came in at 3.9 billion dirhams ($1.1 billion) in the 2021-2022 financial year to March, with revenues up 91 percent, as the airline expanded its global capacity and reinstated flights, Emirates said in a statement.
  • Tunisian president rejects foreign election observers

    Saied in July last year sacked the government and suspended parliament, prompting fears for democratic gains a decade after Tunisia’s revolution which sparked the Arab Spring uprisings.
  • Emirates shares could be placed for IPO, says chairman

    The flagship carrier’s chairman, Ahmed Al Maktoum was reported to have announced plans by Emirates to repay 15 billion dirhams ($4.1 billion) in pandemic-related support to the Dubai government
  • Israel air strikes kill 10 in Syria, deadliest in 2022

    Israeli air strikes near Damascus on Wednesday killed 10 combatants, among them six Syrian soldiers, in the deadliest such raid since the start of 2022, a war monitor said. Government media in Syria confirmed four casualties in the strikes, on which Israel did not comment.
  • UAE government holiday for Eid al-Fitr begins on 29th day of Ramadan

    The holiday will last till the third day of the month of Shawwal, which is yet to be declared.
  • King of Jordan asks Israel to respect sanctity of Al-Aqsa

    King Abdullah stressed that maintaining calm requires Israel to respect the historical and legal status quo in Al Aqsa Mosque.
  • Cybersecurity – The rush to catch up with reality

    The invasion of Ukraine was a major wake-up call globally for both governments and private firms. Small-to-medium businesses need to be cautious too as the number of cyberattacks against them has increased by 150 percent in past two years. It's time to bolster the cyber defenses, he adds.
  • More checks needed as crypto scams hit all-time high

    Blockchain expert Kim Grauer offers insights into why people fall prey to scammers, how they can protect their crypto assets and recover the pilfered digital currency.
  • Kuwait government resigns amid dispute with parliament

    Kuwait's government resigned on Tuesday, three months after it was sworn in, state media reported, amid escalating disputes with parliament. The move comes a day ahead of a parliamentary vote on a letter of non-cooperation, which 10 lawmakers submitted against the premier.
  • Dubai SMEs bag contracts worth $250m under procurement program

    Emirati entrepreneurs and national enterprises in Dubai won contracts worth AED 921.6 million ($250 million) from various local and federal government entities, semi-government bodies and private businesses in 2021 as part of the Government Procurement Programme (GPP). The value of the contracts was three percent higher than the AED 896.7...
  • GCC looks to ease fiscal burden with privatization

    The privatization move will also help the regional governments in maintaining better economic growth, increasing private participation and attracting foreign investments.
  • ‘The enemy is the same, the goal same’: Syrian protestors at pro-Ukraine rally

    Moscow is currently recruiting thousands of fighters in Syria, from the regular army and from militia groups, to be put on standby for possible deployment in Ukraine.
  • AMEA Power awarded $100m

    Under the agreement, a 100MW solar plant will be built in Tunisia.
  • Bahrain government launches scheme to extend health services to citizens

    Bahrain government has launched a health scheme, “Medic in Every Home”, aimed at extending health services and reaching out to people. The project aims to enhance Bahrain’s rating on the third and fourth Sustainable Development Goals (SDGs), increase the survival rate for the injured and reach out to the largest...
  • Venture capital invests $548m in Saudi start-ups

    The investment spans several sectors including e-commerce, financial technology, education and transportation
  • YGS awarded $247m mandate

    The company will provide enhanced managed services to the UAE government.
  • Saudi economy grew 6.8% in Q4, 3.3% in 2021

    The data was released on Thursday, February 10, by the country’s General Authority for Statistics (GASTAT).
  • UN lauds ‘constructive’ talks in Yemen on rusting oil tanker

    The UN's humanitarian coordinator for war-torn Yemen said he held constructive talks with government officials and Houthi rebels over dealing with the threat posed by a rusting oil tanker abandoned offshore.
  • Will corporate tax hit UAE businesses, consumers?

    The new tax -- to be implemented in the UAE from 1 June 2023 -- comes at a time when speculations are rife that other Gulf countries might also impose taxes on economic sectors.
  • Iraq’s top court confirms re-election of parliament speaker

    Iraq's top court on Tuesday confirmed the re-election of Mohammed al-Halbussi as parliament speaker, following appeals against its conduct, paving the way towards the formation of a new government.
  • UAE works on Friday for first time

    Some grumbled at the change and businesses were split, with many moving to the Western-style weekend but other private firms sticking with Fridays and Saturdays, as in other Gulf states.
  • School of Government and ADGM Academy launch investment program

    The Abu Dhabi School of Government (ADSG) and Abu Dhabi Global Market Academy (ADGM Academy) have launched the ‘Investment Foundations' program, which seeks to equip Abu Dhabi government employees with knowledge and skills related to finance, ethics, and investment practices. Targeting Abu Dhabi government employees working in the financial sector,...
  • Iraq’s top court rejects fraud claims, ratifies election results

    The ruling will allow parliament to meet and pave the way for the election of a president who will then appoint a prime minister tasked with forming a new government. The ratification follows a delay of more than two months since the October 10 legislative polls won by Shiite cleric...