Saudi Arabia has made qualitative progress, jumping 72 global ranks to become the first country in the world in terms
Saudi Arabia has made qualitative progress, jumping 72 global ranks to become the first country in the world in terms of ease of doing business in it, according to the World Bank Group’s 2020 Business Performance Report. The report pointed out that Saudi Arabia achieved that huge leap in the…
MENA Egypt tops the list of countries clinching financing deals for startups in the Middle East and North Africa with 27% of concluded deals and ranked second in terms of attracting investments to emerging companies in the technological domain, said Investment Minister Sahar Nasr on Sunday. Egypt also jumped six…
MENA The US dollar exchange rate was stable during Sunday’s transactions at Egypt’s major banks. The dollar value versus the pound has dropped by more than EGP 1.75 since the start of 2019. At the National Bank of Egypt and Banque Misr, the dollar rate has been stable, recording EGP…
Tim Leissner has already been barred from the banking sector in the United States and Singapore An estimated $4.5 billion was misappropriated from 1MDB by high-level officials of the fund and their associates between 2009 and 2014 HONG KONG: Hong Kong’s financial regulator has banned former Goldman Sachs banker Tim…
Jared Kushner to kick off the two-day workshop with a speech on the plan to create a million new jobs in 10 years Palestinians reject the initiative as it does not address the key political aspects of a peace deal MANAMA: The Trump administration convened an international conference on Tuesday…
For years, the International Monetary Fund (IMF) has been pressing Gulf states to apply value-added tax (VAT) on consumer goods and services, ostensibly to strengthen fiscal budgets. It appears that Gulf Cooperation Council (GCC) states may have heeded that advice, although several including Kuwait and Oman have postponed its implementation,…
The attacks required expert navigation of fast boats and trained divers, says report Saudi Arabia’s ambassador to the United Nations laid the blame squarely on Iran NEW YORK: The United Arab Emirates told United Nations Security Council members on Thursday that attacks on four tankers off its coast on May…
Heavily criticized by US President Donald Trump for excessive state subsidies, the “Made in China 2025” program has been dragged into Washington’s trade war with Beijing. At the core of the program is technology and artificial intelligence. Last month, a study entitled “China’s AI Development 2018”was released by Tsinghua University,…
Now in its 10th edition, the annual ASDA’A Burson-Marsteller Arab Youth Survey is one of the most important pieces of research produced in the Middle East and North Africa offering unique insight into the attitudes and aspirations of the region’s biggest demographic – its youth. Here are just some of…
