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BUSINESS

BUSINESS latest

Ajay Banga in G7 summit
May 24th, 2026 - 09:05 GMT
P. Choiaqo

P. Choiaqo

Iran War pressures 27 countries to ask for crisis funds from World Bank

ALBAWABA - As the Iran-US war drags on and prices go up, 27 countries ask for crisis funds from the World Bank according to an internal document viewed by Reuters. The World Bank has not released the names of the countries nor the amount of potential funds requested by the aforementioned countries, moreover, the document has shown that three countries had approved crisis instruments since the war began with the ...
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The UAE has experienced an economic transformation and aviation has been at the heart of this evolution.
October 9th, 2019 - 08:08 GMT

UAE's Aviation Sector to Contribute $128 Billion to the Economy by 2037

The talks stressed the readiness of the GCC armed forces to confront any terrorist threats or attacks, condemning the recent sabotage attacks in the Kingdom.
October 9th, 2019 - 07:57 GMT

Saudi Arabia Reassures World That It Will Fulfill Oil Needs

Aramco came under Yemen’s biggest retaliatory attacks ever on Sept. 11, as a result of which Saudi Arabia lost half of its production capacity.
October 9th, 2019 - 07:38 GMT

Fitch Downgrades Saudi Aramco After Cutting Down the Kingdom's Debt Rating

For the global economy, the cumulative effect of trade conflicts could mean a loss of around $700 billion by 2020, or about 0.8 percent of GDP.
October 9th, 2019 - 07:22 GMT

IMF: Global Economy Set to See Its Slowest Growth in Nearly a Decade

Economic growth slowed to an annual rate of 1.94 percent in the three months to the end of June, the second quarter in a row of decline.
October 9th, 2019 - 07:22 GMT

Nigeria: President Presents Record $33.8 Billion Budget for 2020

American Hospital Dubai
October 9th, 2019 - 07:13 GMT

American Hospital Dubai Is the First to Earn AlUM Ultrasound Practice Accreditation

The Gulf countries agreed the aid package soon after former President Omar al-Bashir was ousted in April.
October 9th, 2019 - 07:13 GMT

Sudan Receives $1.5 Billion Aid From Saudi Arabia and UAE

Assila Hotel signing ceremony
October 9th, 2019 - 07:00 GMT

Marriott International Signs Deal To Introduce the Luxury Collection to Saudi Arabia in 2020

During the event
October 9th, 2019 - 06:52 GMT

Dubai Government Cuts Annual Paper Consumption by 74 Million Pieces, Saves 3.5 Million Hours of Work

During the event
October 9th, 2019 - 06:45 GMT

Etisalat Enabling the Future of Retail at GITEX Technology Week

During the event
October 9th, 2019 - 06:40 GMT

Mashreq Bank Partners With Avaya And Koopid To Bring AI To The Heart Of Customer Experience

Lexus
October 9th, 2019 - 06:29 GMT

Final Call for Entries to Lexus Design Award 2020 as Competition Deadline Approaches

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