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Posted on August 1, 2020

Impairments and margin squeeze hurt first half profits of UAE banks

UAE banks in the first half of 2020. In addition, a sharp contraction in interest margins resulting from low interest environment too have hurt the profitability of banks. Despite the reopening of the …

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Posted on August 1, 2020

UAE Starts Up First Arab Nuclear Plant

The oil-rich United Arab Emirates on Saturday announced the startup of its Barakah nuclear power plant, a first for the Arab world. “UAE first nuclear reactor at the Barakah Nuclear Energy Plant has …

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Posted on August 1, 2020

Coronavirus: UAE reports 254 new Covid-19 cases, 346 recoveries, no deaths

Ic779CtZtt The UAE has realised a new achievement as part of its continuous efforts and preventive and precautionary measures it put in place to curb the spread of Covid-19 and ensure the safety of …

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Posted on August 1, 2020

How best should managers, directors of UAE-based firms handle their responsibilities?

Managers and directors are liable to the company, its shareholders and third parties for all acts of fraud, abuse, negligence and mismanagement.

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Posted on August 1, 2020

Meet the Syrian refugee who inspires entrepreneurship in Jordan

But when it comes to sharing resources and labor, the cord of tension between refugee populations and local citizens tightens with each new arrival. Once she settled in Amman and began looking for …

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Posted on August 1, 2020

Inside Saudi Arabia’s plans to transform its tourism industry

The Red Sea Development Company is on a mission to welcome the world to an unspoilt stretch of the Kingdom’s unique coastline – sooner than you might think.

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Posted on August 1, 2020

AHMADZAI states Afghanistan war was a money business, same for peace

Through the lens of CEO Meladul Haq Ahmadzai of Taleam Systems, “Afghanistan war was a money business.” He further adds, “same for peace” referring to the February 2020 peace deal that was signed …

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Posted on August 1, 2020

Thai economy improved in June says Bank of Thailand

In June 2020, the Thai economy improved from the previous month due to the gradual relaxation of lockdown measures both in Thailand and abroad, supporting economic activities to resume operations …

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Posted on August 1, 2020

Philippines’ police have arrested 76,000 people for breaching lockdown as Duterte wages war on COVID-19 just like his war on drugs

Political science professor Aries Arugay told the Washington Post Duterte’s government was a “one-trick pony.” …

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Posted on August 1, 2020

Expanding Forced China Decoupling Beyond Economic Relations Only Hurts U.S. Business More

As Trump realizes what was once his only talking point for conquering the country’s toughest economic challenge—taming and decoupling from China—rings hollow, he is doubling down and pursuing even …

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