ECONOMY
Economy

UAE hospital group NMC Health’s $275 mln rescue finance faces hurdles from creditors

Thursday, 13 August 2020

NMC Health has secured loan commitments worth $275 million in a deal which would allow the lenders ......

Beirut explosion: Cost of damage exceeds $15 billion says President Aoun

Wednesday, 12 August 2020

The massive blast at Beirut port on August 4 caused more than $15 billion in damages, Lebanese ......

Lebanon financial rescue plan may be ditched, $30B needed to rebuild economy: Sources

Wednesday, 12 August 2020

Lebanon may be in line for $298 million in emergency aid after the Beirut port blast, but the more ......

British ASOS experiences stronger demand, fewer returns

Wednesday, 12 August 2020

British online fashion retailer ASOS forecast full-year sales and profit significantly ahead of ......

Coronavirus: Saudi Arabia industrial sector reports uptick in Saudi hires in July

Wednesday, 12 August 2020

Saudi Arabia’s industrial sector employed 471 Saudi nationals in July, while cutting over 1,900 ......

Coronavirus: UK retailer Debenhams confirms it is cutting 2,500 jobs

Tuesday, 11 August 2020

Struggling British departmentstore Debenhams is to cut 2,500 jobs, saying it had to align itsstore ......

Beirut explosion: Main container terminal restarts operations at port

Tuesday, 11 August 2020

Beirut’s container terminal has restarted operations and sustained only minor damage in last week’s ......

Bahrain’s government revenue down 29 percent in first half of 2020

Monday, 10 August 2020

Bahrain’s government revenue fell 29 percent in the first half of 2020 on the back of low oil prices ......

Coronavirus: Air Arabia reports $46 mln loss for first half of 2020 due to COVID-19

Monday, 10 August 2020

Air Arabia announced a 169 million UAE dirham ($46 million) loss for the first half of 2020 on ......

Saudi Arabia’s Future Investment Initiative (FII) to be physical, not virtual: Attias

Monday, 10 August 2020

Saudi Arabia’s fourth annual Future Investment Initiative (FII) conference will be held physically – ......

Beirut explosion: Lebanon's economy may shrink by 24 percent by end of year

Monday, 10 August 2020

Lebanon’s economy may shrink by a quarter this year after last week’s blast added to a collapse in ......

Coronavirus: Positive impact from COVID-19 in future for Saudi Arabia, survey reveals

Monday, 10 August 2020

COVID-19 will likely cause a positive boost for Saudi Arabia’s ongoing transformation plans, top ......

Lebanon’s stock market to reopen after deadly Beirut blast as protests continue

Monday, 10 August 2020

Lebanon’s stock market is due to open Monday for the first time since the Beirut port explosion on ......

Egypt inflation slows to lowest level since November as food costs fall

Monday, 10 August 2020

Consumer prices in urban parts of Egypt grew at the slowest annual level since November as food ......

Coronavirus: Looking for a job in the UAE? Abu Dhabi warns of fake adverts online

Monday, 10 August 2020

People looking for work in Abu Dhabi should be wary of fake job adverts online warned Abu Dhabi ......

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