Jebel Ali Free Zone announces incentives for companies to get back to business

Dubai: As economic activities return to near-normalcy across Dubai and the UAE, Jebel Ali Free Zone (Jafza) has introduced a range of incentives to support its customers and new companies to resume their activities with renewed confidence in the post-COVID-19 environment. In line with the emerging market dynamics, Jafza now offers on-demand warehouses on short-term […]

IMF sharply cuts Saudi forecast

DUBA: Saudi Arabia’s GDP will shrink by 6.8 per cent this year as low crude prices and coronavirus batter Middle East economies, the IMF said Wednesday. The new projection for the Saudi economy, the largest in the region, is 4.5 percentage points lower than what the International Monetary Fund had projected two months ago. Growth […]

David Beckham invests in e-sports with London-based start-up Guild

London: Former England football captain David Beckham is moving into the virtual world as co-owner of London-based start-up Guild E-sports. Guild said in a statement on Thursday that it will launch player academies and run teams in various e-sports arenas including Rocket League, EA Sports, Fifa and Fortnite. “We have a vision to set a […]