Cairo: A famous Saudi retail chain has said it has stopped importing Turkish products amid a high-profile campaign to boycott Turkey over its meddling policies in the region. The Abdullah Al Othaim Markets also said it has ordered the retailer’s managers to halt dealing in Turkish goods from local suppliers and to quickly “get rid […]

Dubai: A combination of tech-led advances and growth in cross-border services mixed with right sort of policies can boost global trade by $18 trillion – that’s according to the latest Future of Trade report DMCC (Dubai Multi Commodities Centre). Geopolitical tensions, namely the US-China trade war, and economic recovery from the pandemic will define the trade […]

Dubai: Nearly 20 per cent of businesses operating in the UAE have put a freeze on salaries, while 30 per cent “have” plans to cut their workforce numbers, according to the annual survey conducted by the consultancy Mercer. And 17 per cent of companies delayed handing out 2020 salary increases after the COVID-19 strike, most […]

Both the countries agreed to normalise ties in August and a US-brokered Abraham Accords was signed on September 15.

Dubai: The asset management company Gulf Capital has acquired a majority stake in CWB Group, which specialises in intellectual property services. “The MENA, Africa and CIS intellectual property services market is estimated at over $350 million annually and expected to grow at 6 per cent per annum over the next five years,” said Dr. Karim El Solh, CEO […]

A total of 1,225 Pakistani passengers have been denied entry upon arrival at DXB.

Dubai: The Middle East’s oil exporting countries are hit the hardest by the double-whammy of the pandemic and the sharp decline in oil prices, the International Monetary Fund (IMF) said. In the latest Regional Economic Outlook, it has forecast a real GDP contraction of 6.6 per cent for these oil exporters. The IMF’s latest forecasts for […]