Articles
Better migration policies will boost growth, says World Bank
About 2.5% of the world’s population — including 37 million refugees — live outside their country of nationality
Drake & Scull to write off 90% of its debt under restructuring plan
Dubai contractor will convert the remaining 10 per cent of its debt to a sukuk
Saudi Arabia transfers 4% stake in Aramco to PIF-owned Sanabil
The transfer will not affect the energy company's total number of issued shares
Saudi unemployment rate to drop further by end of year, Jadwa says
The number of foreign workers in the kingdom's labour market also rebounded to pre-Covid-19 levels in 2022 to reach 7.3 million
Higher credit provision needed to exit slowing economy, World Bank chief says
Global economic growth is slumping in the backdrop of persistent inflation, high oil prices and credit disruption, World Bank head says
Adnoc L&S adds five new gas carriers to shipping fleet
The five vessels, each with a capacity of 86,000 cubic metres, will be used to transport liquified petroleum gas
GCC consulting market to exceed $4bn this year as major projects take shape
Saudi Arabia led regional growth last year with its market up 17.5 per cent to reach record revenue of $2.1 billion
Taqa establishes green finance framework as part of net-zero push
Proceeds from the issuance of green bonds, sukuk, loans and other debt instruments will support eligible projects across its portfolio
UAE to hold Climate Tech forum ahead of Cop28 as part of net-zero push
The event will focus on the need to decarbonise while enabling socio-economic growth
UAE's e& to acquire majority stake in Careem Super App for $400m
Uber will retain 100 per cent ownership of the Careem ride-hailing business that it acquired in 2020
UAE trade set to surge this year, Sheikh Mohammed bin Rashid says
The country accounted for 2.4 per cent of the world's exports of goods in 2022, according to the World Trade Organisation
UAE corporate tax relief for businesses earning $816,880 or less
Scheme not available to qualifying free zone persons or members of multinational enterprises groups, Ministry of Finance says
Biofuel blends at UAE fuel stations could boost sustainable transport push
Using used cooking oil to create biofuels supports the circular economy, says Lootah Biofuels chief executive
Saudi GDP tops $1tn for first time as unemployment hits record low
The jobless rate among the kingdom's citizens fell to 8 per cent in the fourth quarter of 2022
UAE-Israel Cepa to take effect on April 1
Tariffs will be removed or reduced on more than 96 per cent of product lines, covering 99 per cent of the current value of traded goods
