EconomyFeaturedSri Lanka economic crisis: Air India reduces flights due to poor demandIFM CorrespondentApril 5, 2022 by IFM CorrespondentApril 5, 2022 Currently, Air India is operating 16 flights per week to be reduced to 13 flights post revision.... Read more
EconomyFeaturedIs Russia getting support from MENA?IFM CorrespondentMarch 18, 2022March 18, 2022 by IFM CorrespondentMarch 18, 2022March 18, 2022 UAE, which has been a steady ally of the US over the years, abstained from voting against Russia in the United Nation.... Read more
EconomyFeaturedUS Senate passes bill to make daylight saving permanent till 2023IFM CorrespondentMarch 17, 2022March 17, 2022 by IFM CorrespondentMarch 17, 2022March 17, 2022 This law is aimed to have brighter hours in the afternoon in the hope of increasing economic activity.... Read more
EconomyFeaturedTourism in the Middle East bounce back post COVID-19IFM CorrespondentMarch 10, 2022March 10, 2022 by IFM CorrespondentMarch 10, 2022March 10, 2022 World Travel & Tourism Council (WTTC) expects the Middle East tourism revenues to reach US$246 billion this year.... Read more
EconomyFeaturedUK families witness fall in income amid rising energy billsIFM CorrespondentMarch 9, 2022 by IFM CorrespondentMarch 9, 2022 UK economy will receive a double whammy as inflation coupled with rising fuel prices is said to rock low-income households... Read more
EconomyFeaturedUkraine to get $700 million as emergency aid from World Bank groupIFM CorrespondentMarch 8, 2022 by IFM CorrespondentMarch 8, 2022 The financial support comes in the form of loans, guarantees, and grants.... Read more
EconomyFeaturedChina sets lowest growth target since 1991IFM CorrespondentMarch 7, 2022 by IFM CorrespondentMarch 7, 2022 The Chinese government had set a target of 8.1% in the previous year.... Read more
EconomyFeaturedUAE, Qatar and Saudi Arabia among top competitive economies: AMFIFM CorrespondentJanuary 20, 2022 by IFM CorrespondentJanuary 20, 2022 The four countries were named most competitive during a period of 2017-2020... Read more
EconomyFeaturedSaudi Arabia’s growth forecast for 2022 is 4.9%: World BankIFM CorrespondentJanuary 17, 2022 by IFM CorrespondentJanuary 17, 2022 World Bank also mentioned that Saudi Arabia would record 2.3% economic growth in 2023... Read more
EconomyFeaturedUAE Minister of State for Foreign trade said UAE will not go into full lockdownIFM CorrespondentJanuary 14, 2022 by IFM CorrespondentJanuary 14, 2022 UAE was the first country to reopen after applying strict safety and precautionary measures... Read more