Browsing: Business

Lafarge, a French cement company, admitted Tuesday it paid millions of dollars to Daesh to keep a plant operational in Syria. This was during a time when the militant group enslaved and tortured Westerners. The company agreed to pay approximately

A team from the International Monetary Fund (IMF) reached an agreement with Somalia that will allow the release of about $10 million to that country once it has been approved by the IMF’s board, according to the head of the

UAE citizens with ordinary passports do not need a visa to travel to Japan, according to the Ministry of Foreign Affairs and International Cooperation. Starting from 1st November, 2022, UAE passport holders can stay in Japan for up to 30

In a desperate attempt to stay in power and survive the current market and political turmoil gripping the country, British Prime Minister Liz Truss fired her finance minister Kwasi Kwarteng on Friday and scrapped parts of their economic package. In

The International Monetary Fund has stated that most Asian central banks must tighten monetary policy further. This is because rising commodity prices and their currencies’ depreciation, driven by steady U.S. interest rate hikes, contribute to inflation exceeding their targets. China

Etihad Rail, the developer and operator of the UAE National Rail Network, has completed the main work of the UAE National Rail Network by laying track in Sharjah and Ras Al Khaimah as part of the final package of Stage

The first three quarters of 2022 saw DP World expand its network by more than 23,000 nautical miles, equivalent to a complete circumnavigation of the globe. The newly-established routes – connecting the Americas, Europe, Asia and the Middle East –

The Abu Dhabi Global Market (ADGM) and the Abu Dhabi Department of Economic Development (ADDED) announced the Abu Dhabi Finance Week (ADFW), which will take place between 14th November, 2022, and 18th November, 2022. ADFW will build on the emirate’s

The Managing Director of the International Monetary Fund (IMF), Ms. Kristalina Georgieva, has welcomed the creation of a new Food Shock Window in order to help countries address food insecurity in the future. “A new Food Shock Window has been

India’s priorities as incoming President of the Group of Twenty (G-20) will be inclusive, equitable, and sustainable growth, LiFE (Lifestyle For Environment), women’s empowerment, and the development of digital public infrastructure, according to the Indian Ministry of External Affairs. According