67mn children missed out on vaccines because of Covid: UNICEF
A grim UNICEF report warns of a potential outbreaks of polio and measles in children who didn't get vaccinated because of the disruptions caused by the Covid pandemic. The report said that more than" a decade of hard-earned gains in routine childhood immunization have been eroded" and that getting back...World Bank cuts China growth forecasts on Covid woes, property crisis
In a statement, the World Bank slashed its forecast to 2.7 percent from 4.3 percent predicted in June. It also revised its forecast for next year from 8.1 percent down to 4.3 percent.China scraps Covid tracking app as virus rules ease
More than two years after it was launched, China will retire "Communications Itinerary Card", which tracks people who have been to a high-risk area based on their phone signal. The step is seen as a milestone in the country's rapid turn away from its zero-tolerance coronavirus strategy.Stocks rise, dollar slips as Fed signals softer rate hike pace
Wednesday's much-anticipated minutes showed most US central bank chiefs felt smaller increases would "likely soon be appropriate" as the economy shows signs of weakness following almost a year of monetary tightening.China’s ‘iPhone city’ tightens Covid rules after violent protests
The curbs in Zhengzhou are part of China's national zero-tolerance approach to Covid, which involves grueling lockdowns, travel restrictions and mass testing. However, nearly three years into the pandemic, Covid cases are now higher than they have ever been in China. There were 31,444 domestic cases on Wednesday, the National...Shell says CEO stepping down at end of 2022
The outgoing CEO, 64, has presided over a tumultuous time at the energy titan, weathering collapsing oil prices in 2020 as Covid lockdowns ravaged demand.Deliveroo to exit Netherlands on back of surging losses
A planned exit from the Netherlands towards the end of November follows Deliveroo's departure from Spain last year, although the group on Wednesday said it had gained market share in the UK and Italy.Airbnb revenue tops $2 billion
The company logged a net income of $379 million.Gulf airlines recoup losses, make profits after 2 years
The global aviation sector's losses, which rose to around S138 billion in 2020, dropped to nearly $42 billion in 2021. The IATA hopes that making profits this year appeared is within reach for the airlines as people are traveling in greater numbers and freight is doing very well despite economic...China to cut key interest rate as it seeks to boost economy
China on Friday announced it would cut a key interest rate as the country fights to boost its virus-hit economy and Covid-19 restrictions rip across major cities. Prolonged virus lockdowns have constricted supply chains, quelled demand and stalled manufacturing.Stocks recover as Shanghai set to ease lockdown, reopen business
The impact of Beijing's zero-Covid strategy on the world's second-largest economy was revealed Monday when official data showed that retail sales and industrial production in April on-year had slumped to their lowest levels in more than two years.China pulls no punches to beat Covid
Leaving a fine mist of disinfectant in their wake, China's hazmat-clad health workers are cleaning homes, roads, parcels and even people.Asian equities gain after turbulent week of trading
Asian equities were mostly up Friday following a tumultuous trading period on Wall Street, but analysts said the outlook remained bleak as inflation, the Ukraine war and Chinese lockdowns weigh on sentiment. World markets have been volatile for much of 2022, with investors fretting about supply chain snarls due to...China’s April exports slump to lowest in two years as virus bites
"Lockdowns in large cities like Shanghai and rising input costs are major reasons" behind the underwhelming trade figures, analyst Zhaopeng Xing of ANZ Research said.China expands mass testing as lockdown fears grow
Under its zero-Covid policy, China has used strict lockdowns, mass testing and severe travel restrictions to stamp out infections. But authorities are increasingly struggling with the impact of these protocols on the economy and business morale, especially when outbreaks appear in the country's most important cities.Rate hike fears and China lockdown drag down stocks
Stock markets sank Monday on growing concerns that lockdowns in China aimed at fighting a worsening Covid outbreak could threaten the country's economy and global supply chains. The losses extended a sell-off last week fueled by comments from Federal Reserve indicating officials will hike interest rates by half a point...IEA lowers world oil demand outlook on China lockdowns
Russian oil supply, meanwhile, is expected to continue to fall in April by 1.5 million barrels per day amid its invasion of Ukraine, according to the IEA, which advises developed countries on their energy policies.Employee wellbeing key to unlock productivity
As business leaders are armed with the knowledge that hybrid working can form a part of the future, previously reluctant management will seek tools to ensure they can continue coordinating their teams effectively in order to boost productivity by taking care of employees' wellbeing.Chinese cities and factories lock down as outbreak spreads
China cannot relax its zero-Covid policy just yet despite the low fatality rate of Omicron, say medical experts.Covid lockdown in China makes aluminum costlier
The Covid lockdown this week of a relatively unknown Chinese city sent global prices of aluminum rocketing to a 14-year high. Why did the outbreak in Baise spark fears around the world about the key metal?Fitness Time posts $54.9m net profit
The operator of the largest Saudi gym chain also sees growth in revenues.Israel to ban travel to US over Omicron spread
Lawmakers from Israel also approved the health ministry recommendation to bar Israelis from travel to France, Ireland, Norway, Spain, Finland, Sweden, and the United Arab Emirates.Dubai leads MENA region in Global Cities Index
Despite the disruption caused by the coronavirus lockdown Dubai and Abu Dhabi have continued to advance in the race to become the global hub for business, a new report by management consultancy Kearney indicates.Oman eases Eid lockdown, some curbs to remain to halt Covid
The night-time closure of businesses and curbs on movement of people and vehicles will remain in placeBahrain to let restaurants, sports centers open Friday, July 23
Bahrain has announced that it will allow cafes, restaurants, sports centers and more to open for all on FridayPartial lockdown in Abu Dhabi on July 19 to carry out sanitation program
The lockdown will come into effect at midnight and will go on until 5 am The movement of traffic and the public will be restricted and there will be no transportation services There will be a partial lockdown in Abu Dhabi on July 19 in order to carry out...Abu Dhabi to allow vaccinated people in some public places from August 20
The first phase of this allowance will include shopping centers, restaurants, cafes, and all retail outlets, but not supermarkets and pharmacies The decision does not apply to unvaccinated individuals with vaccination exemption, nor to children under the age of 15. The Abu Dhabi Emergency, Crisis and Disasters Committee...Burj Khalifa to relaunch sunrise experience from At The Top restaurant
This and other experiences had been stopped due to the Covid-19 pandemic and the resulting lockdown The experience will be available from 4:30 am to 7 am every Saturday and Sunday Burj Khalifa announced in a statement on Tuesday, June 15, that it was relaunching the sunrise experience...Dubai’s yachts offer socially distanced luxury
After the easing of lockdown, people feel yachts offer a secure way to travel People are hiring yachts for cruising, sightseeing with families, friends Dubai earned a reputation for delivering luxury for those with cash to splash years ago, but amid the Covid-19 pandemic, a new mode of travel has...MENA region to see fall in PC device shipments in Q2 2021
The Middle East and Africa personal computer devices market will see a decline of 2.4 percent year-on-year in the second quarter of 2021 However, the overall outlook for the region for this fiscal is that the PDC market will grow by 4.8 percent The Middle East and Africa personal...
































