News

Lebanon Fences Off More of Its Economy Against Currency Crisis

Bloomberg
Lebanon is seeking to protect more of its economy from the dramatic depreciation in the local currency, fixing a subsidized exchange rate for imported...

INTERVIEW: Egypt’s economic reforms have strengthened the economy in the face...

Ahram
The head of the International Monetary Fund’s mission to Egypt, Uma Ramakrishnan, spoke to Ahram Online about forecasts for the Egyptian economy in light...

4 Pandemic Awakenings That Will Shape the New Economy For The...

Inc.
One of the most remarkable things about the global pandemic is that everyone is being thrust into this new era, together. Ready or not....

Egypt tops Arab countries for developing nuclear programme: Researcher

Ahram
Egypt is top of the Arab countries that are working on developing its nuclear programme, whether through supporting its nuclear research centre, in the...

Cutting spending too soon could derail recovery: IMF – Gulf Today

Gulf Today
As governments rushed out funding to prevent an economic collapse amid the coronavirus pandemic, global public debt swelled to the highest in history, but...

Egypt’s world class tourism initiative ‘Cairo Eye’ to launch soon

Egypt Independent
The Egyptian government is preparing for the upcoming launch of its tourism initiative, “Cairo Eye,” a large Ferris wheel that is predicted to become...

JPMorgan’s market guru tells clients to buy even more stocks after...

CNBC
JPMorgan's market guru Marko Kolanovic, who nailed the historic comeback, is doubling down on his bullish forecast on the market, advising clients on Friday...

Neuroscientist: Covid Brain Is a Real Thing. Here’s How to Deal...

Inc.
Deciding when and how to pivot your business may be the difference between bankruptcy and survival. Putting that mask on, or not , could...

UK retail to lose further 5000 jobs in blow to economy...

Gulf Today
Britain’s high street faces more than 5,000 job cuts after two of its biggest names said that customers were unlikely to return to their...

Tesla On Verge Of Joining S&P 500—And The Stock Could Skyrocket...

Forbes
With Tesla announcing higher-than-expected second quarter vehicle deliveries last week, Wall Street analysts are increasingly confident that the company will post a profit when...

Saudi Arabia Reveals Plans to Kick-Start Global Economy

Al Bawaba
Saudi Arabia, in its capacity as president of the G20 group of nations, has unveiled a six-point business plan to jump-start the global economy...

UAE banking system can withstand shocks of any scale, CBUAE says...

The National
The banking sector in the UAE is well capitalised and can withstand macro-financial shock of any scale despite the coronavirus pandemic challenges, according to...

UAE’s Mulk Healthcare launches Middle East’s first digital hospital

Gulf Business
Mulk Healthcare has announced the launch of the Middle East’s first digital hospital with a network of 2,000 doctors and access to diagnostic clinics,...

Coronavirus: How are other economies dealing with the downturn?

BBC
Chancellor Rishi Sunak is due to set out the next instalment in the government's plans to help the British economy recover from the blows...

‘At war time speed’, China leads COVID-19 vaccine race

Egypt Independent
SEOUL/SINGAPORE (Reuters) – China is forging ahead in the race to develop a vaccine to help control the COVID-19 pandemic, with Sinovac Biotech’s (SVA.O)...

Oman’s Bankruptcy Law is now effective – ZAWYA

Zawya
Bankruptcy is a proceeding under law that grants partial or complete relief from the payment of your debts. Is it good or bad?Bankruptcy law,...

GCC banks’ capital to remain sound despite fall in profits –...

Zawya
Banks in the GCC region will see profits fall this year as economies shrink amid the coronavirus outbreak and lower oil prices but have...

Egypt’s FY2020/21 budget flexible enough to absorb impact of COVID-19: Finance...

Ahram
Egypt’s budget for the current 2020/2021 fiscal year, which began on 1 July, is elastic enough to deal positively with the economic impact of...

COVID-19: Eurozone economy to crash 8.7 per cent in 2020 –...

Gulf Today
The eurozone economy will plunge 8.7 per cent in 2020 due to the coronavirus crisis, the European Commission said Tuesday in more pessimistic forecasts...

Dubai Tourism Chief Expects ‘Aggressive’ Bounce Back This Year

Bloomberg
Dubai expects an “aggressive” bounce back in tourism by the year-end after the Mideast travel hub allowed holiday-makers to resume flying into the emirate...

Realty Check: UAE real estate sector becomes more transparent – ZAWYA

Zawya
The UAE's real estate sector became more transparent as both Dubai and Abu Dhabi introduced fresh measures, improving their global ranking as well as...

UAE moves up a spot in driverless car readiness ranking –...

The National
The Emirates featured in the top 10 for the third year in a row, ahead of the UK and Denmark ...

Despite downturn, Saudi Arabia pursues goal of doubling size of capital...

Ahram
Saudi Arabia is pressing on with plans to double the size and population of its capital city in the next decade, a government official...

UAE government pushing right buttons for digital transformation

Arabian Business
Onset of Covid-19 has accelerated move to digital platforms, while Cabinet shake-up should increase speed of decision-making Read More

VIDEO: Why is UAE exploring Mars? Here are some facts about...

Gulf Today
The UAE seeks to map the space frontier with its ambitious Hope Probe. The Emirates Mars Mission (EMM), the first interplanetary exploration undertaken by...

New VAT rate comes into effect in Saudi Arabia – Saudi...

Saudi Gazette
Saudi Gazette reportRIYADH — Saudi Arabia’s decision to raise value-added tax (VAT) from 5 percent to 15 percent has come into effect starting from...

UAE Cabinet revamp seeks to ‘turbo-charge’ economic growth

Khaleej Times
The revamping of the UAE Cabinet signifies a game-changing strategy to "turbo-charge the country's holistic growth to a higher orbit", economists and analysts have...

New gas discovery announced in Med Sea offshore Egypt – ZAWYA

Zawya
ArabFinance: Eni, BP, and Total, the three leading energy firms from Italy, the UK, and France, respectively, successfully drilled the first exploration well in...

UAE approves Covid-19 treatment drug remdesivir

Arabian Business
United Arab Emirates’ Ministry of Health and Prevention has granted regulatory approval to Gilead Sciences for remdesivir, the first drug shown to be relatively...

Middle East, North Africa Investments Surge 35% as Virus Hit

Business Live ME
Investments in Middle East and North African startups jumped 35% during the first half of the year with companies in the United Arab Emirates...

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