London: Rishi Sunak set out a radical blueprint to save jobs and pump life into the UK’s coronavirus-battered economy, including tax cuts on home-buying and dining out, and a new bonus for employers who don’t fire their staff. “We face profound economic challenges,” the Chancellor of the Exchequer told the House of Commons on Wednesday, […]

The first set of holiday makers landed at the Dubai International Airport on July 7.

Strict safety measures have been put in place across the city as part of continuous efforts to fight Covid-19.

Cairo: Bahrain’s GDP growth rates down by 1.1 per cent in the first quarter on an annual basis, state news agency (BNA) reported on Monday citing a finance ministry report. “The report showed that the economic performance witnessed growth at the beginning of the year before being impacted in March by the exceptional circumstances witnessed […]

London London: The collapse in Britain’s labour market eased only slightly last month, according to a survey on Wednesday from the Recruitment and Employment Confederation (REC) industry body which warns that a “jobs crisis” is underway. The figures from REC and accountants KPMG underscore the challenge facing finance minister Rishi Sunak ahead of an update […]

Abu Dhabi: Emirates NBD has raised its price outlook for Brent crude to $42.55 for 2020, with the firm also raising its forecast for West Texas Intermediate (WTI) to $37.70 with demand set to recover throughout the year. “After an enormous quarterly decline of more than 12 million barrels per day (bpd) in Q2 (second […]

By the time coronavirus cases began to creep up in Egypt in May, disruptions to trade and tourism left a trail of job losses that now threaten more than a half-decade of declining unemployment in the Arab world’s most populous nation. As Egypt was preparing to reopen for business after three months of partial economic […]