International reserves can only finance the country’s external needs until March 2021 before being depleted
Government debt stands at more than 150 per cent of the country’s gross domestic product
The newly appointed cabinet will have to act fast to address the country’s worst financial and economic crisis in decades
Close to 500,000 daily visitors from the region access the job site to either look for jobs, to hire, or to find various career related content and tools
The government has tried to offer options for all at the Riyadh Season, says official
Dubai also aims to achieve Dhs2 trillion in terms of foreign trade volumes by 2025, supported by establishing 50 offices around the world
Lebanese lenders have tightened restrictions on US dollar withdrawals and transfers abroad
The free zone marked a year-on-year registration growth rate of 5.4 per cent
Urban developments need to have green spaces not just from an environmental perspective, but also from a profitability outlook
The Emirates will plant 10 million trees in line with every vote cast to decide the winning logo
The overall economy was weighed down by shrinkage of 6.4 per cent in the country’s oil sector
Businesses that wish to operate 24/7 will need a special licence
Climate change, an economic slowdown and technology are among the factors that could have the greatest impact on jobs in the 2020s
The budget for the financial year 2020, at Dhs66.4bn, will continue to focus on social services
Dubai Media Office asserted that all products manufactured in Jebel Ali were subject to quality checks
UAE’s overall revenue reached Dhs456bn in 2018, of which tax accounted for Dhs25bn
Finance minister Mohammed Al Jadaan said that the kingdom’s sovereign wealth fund expects to invest significant amounts in the domestic economy
He has risen to become one of the most trusted advisers of the ruling Al Nahyan family
The highest salary hike of 5 per cent is expected in the life sciences industries, while the lowest increase is anticipated in the energy industry
Growth was driven by a 6.2 per cent rise in the transport and storage sector
Globally, workforces will reduce by 25 million in developed countries and scale by 470 million in emerging ones.
Banks agreed to lift a restriction on new money coming from abroad and set a withdrawal limit of $1,000 a week for accounts denominated in foreign currency
The Saudi Arabian Monetary Authority will allow smaller retail investors to borrow twice their cash investment, double the normal leverage limits the regulator allows for IPOs
New federal law to regulate insolvency cases will come into effect from January next year
The investment platform will be run through Egypt’s newly established sovereign wealth fund and Abu Dhabi Development Holding
The ban is applicable on private sector entities in the construction and cleaning work sectors
President Michel Aoun said lawmakers will meet November 12 to consider lifting the wide immunity granted to government officials and parliamentarians
Currently, Emiratis constitute 26.1 per cent of the UAE’s banking workforce
Consumer prices in urban parts of the country rose by 3.1 per cent in October compared to 4.8 per cent in September, the lowest since September 2010
Improvements need to be made in certain key sectors