A United Nations report has depicted a positive picture of global foreign direct investment during the first half of 2021. As much as $852 billion in FDI was recorded by countries across the world on the back of growing investor confidence.

Foreign investment in the oil sector of Egypt has dropped 26.02 percent to $5.4 billion in the current financial years, compared to $7.3 billion a year before.

The bank said it continued hedging policy despite corona recovery.

UN Secretary-General Antonion Guterres has called for changes in the way the world produces, consumes, and wastes food. His remarks came on the occasion of World Food Day, whose theme this year is “Our actions are our future.”

The Middle East’s real estate sector may benefit from the return of global population movement to pre-pandemic levels in 2024.

OFID has signed a term loan agreement for $30 million with Banco Regional of Paraguay, the third of its kind to the country. Proceeds from the first tranche were loaned to the agriculture sector. The second facility provided 53 sub-loans to Paraguayan enterprises for international trade finance purpose.

Tunisia found itself on European nations' red lists, making it virtually impossible for holidaymakers from major markets including France, Germany and Italy to visit.

The IMF noted that emerging variants of the novel coronavirus have made policy choices more difficult, with limited room to maneuver.

Buyers from Middle East have been scouting London for property deals in prime central London, with sales in the first eight months of 2021 surpassing those for the whole of 2020.

Speaker of Saudi Shura Council Sheikh Dr. Abdullah Bin Mohammed Bin Ibrahim Al Al-Sheikh reviewed the kingdom's ties with Italy in a meeting with his Italian counterpart Maria Elisabetta Casellati. The two sides reviewed the bilateral ties and means of cooperation in all fields and discussed strengthening relations at various...

The region’s average real GDP per capita is forecast to increase by only 1.1 percent in 2021 after declining an estimated 5.4 percent in 2020.

UN Secretary-General Antonio Guterres has said a reduction of cases in any one country will not be sustained over time without a coordinated, equitable approach. ‘For everyone’s sake, we must urgently bring all countries to a high level of vaccination coverage,’ he said.

The region’s per-capita GDP is forecast to grow by only 1.1 percent this year after declining by about 5 percent in 2020.

Bahrain plans to double its VAT rate to 10 percent, which is likely to drive its citizens to shop in the neighboring United Arab Emirates.

There has been a sharp growth in Saudi Arabia’s non-oil private sector in September, the fastest in seven years, according to HIS Markit.

Home buyers in the Middle East are looking to settle in rural areas and possess bigger homes than they have at present. This conclusion was drawn in a new survey by global consultancy firm Knight Frank.

The 5th edition of the AVSEC Global Symposium, which started on Sunday in Dubai, brought together globally recognized security experts, local and international government officials.

Trade between the United Arab Emirates and Brazil has grown 33 percent in the first eight months of 2021, defying the atmosphere of gloom plaguing the global economy due to the Covid pandemic.

Saudi authorities will require people to have double immunization starting at 6 am on October 10 if they are to go to places.

The Deferred Payment Program was launched on March 14 last year, as Covid-19 was spreading across the world. According to the central bank, it benefited more than 107,000 contracts with a total value of SAR174 billion ($46.4 billion) in deferred payments.

The results are said to be showing signs of economic recovery of Bahrain.

Rising oil prices handed a major boost to producers but threaten the global recovery and stoke inflationary pressures because they lift manufacturing costs, which translates into higher consumer prices.

MSF has blamed the ‘acute water crisis’ in recent months on a decrease in funding for water, sanitation and hygiene operations as well as the destruction of water and sanitation infrastructure during a decade of civil war.

The customs departments of Kuwait and Abu Dhabi are planning to form a virtual corridor.

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

Ecommerce in the world in general and the GCC region in particular has proliferated despite the Covid-19 pandemic, or probably because of it.

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

UAE residents may not wear a face mask in certain places while keeping a safe physical distance of two meters.

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

The 49-year-old Trudeau won the election, but did not get simple majority, which could make things difficult for him, just like they did in 2019. He now stands similarly weakened, with a tough road ahead of him.

The move is aimed at meeting growing demand for manpower by companies in the country. After all, the number of expatriates in Kuwait dropped to 56,300 in the first half of 2021, bringing their total to 3.154 million.

The Saudi economy, as per IMF, is recovering "well" from the pandemic, estimating the kingdom's non-oil economy will grow by 4.3 percent this year. The Kingdom's GDP, which rose from US$ 701.5 billion in 2020, is likely to hit to US$ 804.9 billion by the end of 2021.

The Central Bank of the United Arab Emirates has disclosed that there has been an increase in the laundering of money through unlicensed money service providers during the Covid pandemic.

The UAE banking sector has posted a moderate yearly growth of 0.6 percent with total assets reaching US$873.6 billion, or AED3.2 trn, by the end of second quarter of 2021.

This would include monitoring visitors for safety from the moment of their arrival to the UAE until they reach the exhibition site.

Saudi Arabia and South Africa are looking to boost trade after a year of slump that saw imports from the kingdom fall to a four-year low in 2020.

The committee will continue to monitor events and urges all citizens, residents and visitors to continue adhering to precautionary measures to protect public health and safety, maintain successes, and advance the nation’s sustainable recovery.

But if widening economic gaps between the developed world and the poor countries persists, only a few will enjoy the dividends, said a report by the UN Conference on Trade and Development.

The Board of Control for Cricket in India, in a statement on its website, has confirmed the earlier reports, which now mean that the UAE will earn even more revenue than what it usually generates from the sporting events it hosts.

The pandemic might have battered other sectors of the world economy, but the shipping industry has raked in revenues not seen since 2008.

Oman has suffered a sharp decline in its total actual revenues, falling a staggering twenty percent to $22.1 billion in 2020.

Investments from UAE-based property developers helped Bahrain’s tourism sector remain buoyant during the pandemic.

The Board of Control for Cricket in India has renewed retained VPS Healthcare as its healthcare partner for the Indian Premier League.

Emirates will restart flights to Saudi Arabia and St. Petersburg in Russia with demand for travel rising as the Covid pandemic restrictions ease in many parts of the world.

While the mood is generally upbeat, analysts remain cautious owing to the constant threat of the pandemic.

The figures indicate that the property market, particularly the residential market, is recovering after hitting a low at the start of the pandemic last year.

Egypt's net foreign reserves have risen to $40.672 billion in August from $40.609 billion in July, the central bank said on Monday.

The health agency analyzed hospital records from across an area covering around 10 percent of the US population

Google campuses will remain voluntary globally through Jan 10. Local offices can decide when to ask employees to return to their desks.

This week's suspension is Scania's first since the coronavirus pandemic forced a production halt in April 2020