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UAE, Egypt, and Jordan sign industrial partnership for economic growth
UAE, Egypt and Jordan have announced an Industrial Partnership for Sustainable Economic Growth in Abu Dhabi today to increase sustainable economic growth across five sectors in the three countries. H.H. Sheikh Mansour bin Zayed Al Nahyan,…
Dubai consolidates its position as global high-tech hub
Dubai Internet City (DIC), built in 2000, remains one of the world's preferred hubs for new economy companies. A number of high-growth, high-value-added, technology-enabled global companies had recently chosen DIC to establish their…
El-Sisi monitors land reclamation projects of the Egyptian countryside
Egyptian President Abdel-Fattah El-Sisi met with Prime Minister Mostafa Madbouly, Minister of Water Resources and Irrigation Dr. Mohamed Abdel-Aty, Minister of Agriculture and Land Reclamation Mr. Al-Sayed El-Quseir, Advisor to the…
Pakistani rupee hits historic all time low of 200 against the US dollar
Pakistan's rupee (PKR) has reached an all-time historic low against the US Dollar on the open market. Pakistani media reported that PKR traded at 197.61 on Thursday on the interbank market. In an announcement made by the Pakistan Central…
World Economic Forum session emphasizes financial literacy
To achieve the Sustainable Development Goals, financial inclusion remains a prerequisite. It is the first step towards full personal and business wellbeing. Yet, more than half of the world is yet to gain equitable access to finance, which…
For refusal to pay in rubles, Russia cuts off gas supply to Finland
Russian gas has been cut off to Finland, the third European country that refuses to accept ruble payments. Finland stopped receiving gas from Russia at 7 a.m. local time on Saturday, according to a statement from Gasum. A European Union…
Sri Lanka warns of food crisis as protests continue against Rajapaksa
As the island nation battles a crippling economic depression, Sri Lanka's newly appointed prime minister issued a warning of a food shortage, pledging to buy enough fertilizer to enhance productivity in the coming planting season. President…
Musk loses $12 billion in a day after slamming S&P ESG rankings
Tesla's share price collapsed erasing a large chunk of the wealth of the world's richest man Elon Musk. Musk's net worth has dropped to $218 billion as Tesla's shares are down 6.8%, according to Forbes. Musk's wealth has been diminishing…
United States sanctions a Lebanese businessman over Hezbollah links
The United States Treasury Department has imposed severe sanctions against Hezbollah, specifically targeting the group's financial facilitator, Lebanese businessman Ahmad Jalal Reda Abdallah, and his companies. The Treasury Department's…
Pakistan economy in crisis as rupee hits record low, luxury goods banned
Pakistan has banned imports of all non-essential luxury goods in order to stabilize its fragile economy, the minister of information said, calling the situation an economic emergency. Its current account deficit is spiraling out of control,…