Tag: Economy
Dubai declares new honor for resilient firms battling COVID-19
Dubai Government has declared a new award to honor organizations that have shown exceptional innovation in project management during the COVID-19 pandemic.
The new award...
94% of Saudi firms have healthy finances with no loans: MISA...
The recent Ministry of Investment of Saudi Arabia (MISA) survey conducted through its MISA COVID-19 Response Centre (MCRC) has revealed that the majority (94...
Saudi Arabia to relax lockout by May 28. Unveils phased reopening...
Saudi Arabia will start to reduce the COVID-19 lockout and constraints on business activities across the kingdom from May 28. In the first phase...
Gulf nations have reserves and assets to prevail COVID crisis; M...
M.A Yusuffali, Chairman of Indian-owned multinational conglomerate Lulu Group is confident that Gulf countries with strong sovereign wealth funds can overcome the present crisis...
New Abu Dhabi government initiative promotes regional buying
Department of Economic Development of Abu Dhabi is gearing up towards realizing a new initiative promoting small and medium-sized firms to promote locally-made products,...
UAE formulates progressive strategies to transition from pandemic
The UAE government has launched a new strategy for the post-coronavirus period that covers work plans and measures addressing the most urgent economic and...
Saudi Arabia allocated $533.3 million for agriculture products and food supplies...
Saudi Arabia's agriculture development fund has notified that the country has allotted 2 billion riyals ($533.3 million) towards importing agriculture products and food supplies...
Oman struggling to manage its Sovereign Wealth Fund
As Oman stares at a probability of a high budget deficit for 2020, its State General Reserve Fund (SGRF) assets have fallen by about...
