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Ministry Of Economy & The Licensing Authorities Begin Issuance Of Written Warnings To Establishments Violating UBO Procedures

GCC Countries Back on Path to Economic Growth

More reforms needed to achieve economic diversification and to improve competitiveness Following a year of economic distress, Gulf Cooperation Council (GCC) economies are expected to...

UAE Unveils Three Initiatives to Mark World Environment Day

To celebrate World Environment Day 2021, held under the theme ‘Ecosystem Restoration’, the Ministry of Climate Change and Environment (MOCCAE) has rolled out three...
World Population is Projected to Hit 10 Billion People by 2057

World Population is Projected to Hit 10 Billion People by 2057

In the wake of improved living standards, the global population is projected to keep soaring in the coming years. However, some countries are expected...
Amazon Web Services (AWS) announced that it plans to open an infrastructure region in the UAE in the first half of 2022.

AWS To Open Data Centers In UAE

New cloud infrastructure region to launch in first half of 2022, allowing customers to run workloads and store data locally while serving end users...
Aberdeen Standard Investments

GCC Economic Recovery Uneven across Different Industries

“The IMF report predicts real GDP growth in MENA to pick up to 4% this year, which is significant improvement on the 3.2% it...

Twitter Calls For Public Input On Approach To World Leaders

Two years ago, Twitter explained its principles and approach to world leaders on the platform. Today, Twitter is calling for the public’s input on...

IMF: Global Financial Stability Report April 2021 Forecast

The global economy is finally emerging from the worst phases of the COVID-19 pandemic, although with prospects diverging starkly across regions and countries, the...

Asia Emerging Stronger Than Ever in The Post-pandemic World

It is no secret that Asia on the whole managed the coronavirus pandemic much better than most western countries. By way of example, as...

Ajman Sky To Be LIT on New Year’s Eve

Ajman Tourism Development Department (ATDD) is organising two fireworks display at midnight on December 31 to welcome New Year 2021. The displays, which will...

Arab Petroleum Investments Corporation Highlights Economic Opportunities, Challenges for MENA Countries...

Arab Petroleum Investments Corporation (APICORP) highlights the economic opportunities and challenges for MENA countries under COVID-19These opportunities include bringing production closer to consuming markets...

The Best Cities for Expats Worldwide; And The Worse

The Expat City Ranking 2020 reveals the best cities for expats around the world, and the worst in rankings. Out of 66 cities in the Expat City...

The World’s Most Expensive Cities

The Economist Intelligence Unit's Worldwide Cost of Living survey named Zurich, Paris and Hong Kong the world's most expensive cities. Using New York as...

Saudi Arabia Triples VAT to Counter Economic Impact of Coronavirus

Saudi Arabia will increase its value-added tax, VAT, from 5 to 15 percent in July, the Finance Ministry said on Monday, as part of...

Global Executives Express Severe Pessimism amidst COVID-19 Pandemic

As society-wide lockdowns ensue, the Economist Intelligence Unit reveals private-sector sentiment through its Global Business Barometer. Sentiment about the global economy over the next...

Trump Suspends Immigration to the US amid Coronavirus Pandemic

US President Donald Trump said Monday that he will sign an executive order "to temporarily suspend immigration into the United States" because of the...

Economic Impact of COVID-19 Around The World

UK to pay up to 80% of employee wages for those unable to work due to the pandemic. US lawmakers continue negotiations over...

Global Real Estate Investment Hits Record High in 2019

Global commercial real estate investment reached an all-time high of US$800 billion in 2019 Global commercial real estate investment reached an all-time high of US$800...

Global Growth Outlook Stabilized; What’s ahead in 2020?

Global financial conditions have improved across the world, although rising debt levels pose a future threat. An uneasy cessation of trade hostilities between...