Trade between China and Africa drops by 14% during Q1 2020
Chinese exports to African nations decreased by 10.5% due to the coronavirus pandemic...
Category : Economy
Saudi Arabia hosts digital G20 business chief meeting
The leaders discussed strategies for the post-pandemic period...
Global CEOs prepare for a U-shaped recession, says survey
Around 3534 CEOs participated in the survey from 109 countries...
Coronavirus pandemic threatens post-Brexit trade talks
Two lead negotiators have isolated themselves due to the pandemic, which might bring a change to the timeline...
IMF: Coronavirus impact to be more severe than 2008 crisis for MidEast
IMF expects the MENA region to contract by 3.3% in 2020...
Japan’s GDP contracts first time in six years due to sales tax hike
Japan’s GDP contracted an annualised 6.3 percent during the period from October to December 2019...
Study shows 75% of consumers positive about Dubai economy
Government initiatives coupled with reforms have improved employment and personal finances in the emirate...
UAE economy to grow 2.5% in 2020: IMF
The UAE economy’s projected growth will be driven by the energy sector, World Expo 2020 and bold reforms...
Oman to introduce 5% VAT in early-2021 to generate additional revenue
The UAE, Bahrain and the Kingdom of Saudi Arabia have already levied VAT as agreed by the six GCC members...
Saudi Arabia to pump Aramco IPO proceeds into its economy
Around $30 bn will be invested in different sectors over the years including defence...