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business
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World Bank to give Lebanon additional $300 million as crisis continues to worsen
The World Bank will dispatch $300 million in additional financing for the most vulnerable families in Lebanon, a country mired in what the lender ... Economy -
Meet the UAE businesses taking the climate change fight into their own hands
From sustainable-friendly restaurateurs to recycling innovators to CEOs championing eco-friendly water consumption, business owners in the United Arab ... Gulf -
LinkedIn cuts more jobs, shuts down China applications
LinkedIn, the social media network owned by Microsoft Corp that focuses on business professionals, said on Monday it would cut 716 jobs as demand ... Economy -
US regulator sells failed Signature Bank assets to another lender
The US banking regulator has struck a deal to sell most of the assets of the failed Signature Bank to another institution, the agency said on ... Banking & Finance -
Saudi Arabia’s fintech Tamara secures $150 mln facility from Goldman Sachs
Saudi financial technology company Tamara secured a $150 million debt facility from Goldman Sachs Group Inc, defying a funding slowdown in the global ... Technology -
UAE’s Adnoc Gas shares jump 25 percent after IPO raised
Adnoc Gas, a subsidiary of Abu Dhabi’s main energy company, surged in its trading debut after raising $2.5 billion in the world’s biggest initial ... Energy -
People trust businesses more than governments, other institutions: Survey
People worldwide are gloomier about their economic prospects than ever before and trust business far more than other institutions like governments, ... Economy -
World will face recession in 2023, researchers say
The world faces a recession in 2023 as higher borrowing costs aimed at tackling inflation cause a number of economies to contract, according to the ... Economy -
Saudi consumers expected to spend more on online shopping in 2022
Since Saudi Arabia’s Vision 2030 plan was launched back in 2016, the Kingdom’s economy has continued to embrace modernization and diversification, ... Economy -
Erdogan calls on UAE’s private sector to invest in Turkey
Turkish President Recep Tayyip Erdogan urged private companies from the United Arab Emirates to invest in Turkey following a long period of regional ... Gulf -
Expo 2020 leads to increased business buoyancy in Dubai
Businesses in Dubai are increasingly optimistic about improving market conditions and expect Expo 2020 to lead to a positive impact for industries, ... Economy -
Philippine Airlines files for bankruptcy amid COVID-induced rise in travel fallout
Philippine Airlines Inc. filed for Chapter 11 bankruptcy in New York with a lender-supported plan that helps the country’s main carrier recover after ... Aviation & Transport -
Majority of businesses in the Gulf have recovered from impacts of COVID-19: Report
More than half of employers in the region have recovered from the negative impacts of COVID-19 on their business operations, according to a Hays ... Coronavirus -
AstraZeneca expects growth in Q4, even without COVID-19 vaccine
AstraZeneca expects profit growth to pick up this year after the COVID-19 vaccine developer beat forecasts for quarterly drug sales, with demand for ... Business -
China faces gloomy Lunar New Year as businesses suffer from COVID-19 worries
China’s hotels and restaurants are bracing for a lacklustre Lunar New Year holiday, as travel curbs and government advice to stay home and avoid big ... Coronavirus -
Myanmar businesses fear grim future under military control
Businesses in Myanmar are bracing for a grim economic fallout from Monday’s coup, which has stirred memories of the dark days of military rule and ... Economy -
Saudi Arabians hold 71.5 percent of private sector’s managerial positions
Saudi Arabian citizens hold 71.53 percent of key managerial positions in the Kingdom’s private sector, local media reported on Sunday citing unnamed ... Gulf -
Broadway has record season as ticket revenues double in 10 years
Broadway shows in New York had a record-breaking 2018-2019 season, the theater district said Wednesday, both in attendance and revenues, which have ... Entertainment -
The start-ups brewing change for Lebanon’s workers
Farah Ballout’s big, infectious smile is the first thing that greets you at her workplace, a cafe in Lebanon with a mission to do more than just ... Features -
Qatar withdraws measures established against UAE at WTO
Qatar has decided to withdraw its measures against the UAE in a significant concession aimed at averting the consequences of the UAE’s case in ... Economy -
Davos kick starts as IMF warns of global economic slowdown
The world’s most powerful leaders, thinkers, academics, and businessmen are gathering at the Swiss ski resort Davos this week to attend the ... Economy -
Saudi Arabia, UAE announce major transition cooperation plan
Riyadh and Abu Dhabi launched key initiatives during a meeting of the Executive Committee of the Saudi-Emirati Coordination Council. The major plan ... Economy -
Saudi dollar bonds eagerly snapped up by overseas investors
Foreign investors flocked to buy Saudi Arabia’s first dollar bonds in a clear vote of market confidence in the Kingdom. The finance ministry in ... Financial Markets -
Turkish firms turn to bankruptcy protection as economy slows down
Turkey’s strained economy has left hundreds of companies on the verge of bankruptcy and forced to seek legal protection in the year 2018, Laura ... Financial Markets -
Dubai 2019 budget to slow spending growth, sees small revenue rise
Dubai expects to slow the growth of state spending this year but continue spending heavily on infrastructure as it prepares to host the Expo 2020 ... Economy -
Fastest Saudi GDP growth since early 2016
Saudi Arabia's economy grew at its fastest rate since early 2016 in the third quarter, boosted by expansion of the oil sector while non-oil growth ... Economy -
Saudi announces 41 sectors in tourism industry to be limited to locals
Saudi Arabia’s Minister of Labor and Social Development Ahmed Al-Rajhi announced on Sunday that 41 job sectors and activities in the tourism and ... Economy -
Saudi billionaire Maan al-Sanea property auction fetches over $54 mln
Sales from the third auction of the property of Saudi businessman Maan Al-Sanea, consisting of 10 properties distributed between residential and ... Economy -
Lebanese businessman Mohamad Noureddine jailed in Paris drug trial
A shadowy businessman from the Lebanese diaspora was sentenced in Paris on Wednesday to seven years in prison for being a lead member of a crime ring ... Economy -
Weeks after pulling out of Saudi investment forum, top companies return
The chief executives of ABB (ABBN.S) and Siemens (SIEGn.DE) are traveling to Saudi Arabia to attend a supplier conference, just weeks after they ... Economy