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Countries most dependent on global remittance transfers will face credit risks in 2020 due to the expected drop in such inflows, according to Moody’s Investors Service...

Moody’s: Global Remittance to Plummet 20 Percent in 2020

Countries most dependent on global remittance transfers will face credit risks in 2020 due to the expected drop in such inflows, according to Moody’s In

In a tit-for-tat move, Egypt canceled all its Kuwait-bound flights after the Gulf nation included Cairo on the list of 31 coronavirus “high risk” countries and suspended its flight operation until further notice...

EgyptAir Retaliates: All Kuwait-Bound Flights Cancelled

In a tit-for-tat move, Egypt canceled all its Kuwait-bound flights after the Gulf nation included Cairo on the list of 31 coronavirus “high risk” countr

Petrofac’s Engineering and Production Services (EPS) business has announced the award of a two-year contract with UK’s NEO Energy...

Petrofac Inks 2-Year Contract With UK’s Neo Energy

Petrofac’s Engineering and Production Services (EPS) business has announced the award of a two-year contract with UK’s NEO Energy.

Remittances from the Middle East to Asia are expected to fall by $22.5 billion during 2020, accounting for 41...

Asia to Lose $22.5 Billion in Remittances From the Middle East

Remittances from the Middle East to Asia are expected to fall by $22.5 billion during 2020, accounting for 41.4% of the total remittance loss in Asia, s

Coffee chain Starbucks swung to a loss, according to its quarterly report, after seeing comparable store sales decline by 40 percent globally...

Starbucks Store Sales Plummet 40 Percent Globally in Q2 2020

Coffee chain Starbucks swung to a loss, according to its quarterly report, after seeing comparable store sales decline by 40 percent globally.

McDonald’s Corp reported a broad drop in global same-store sales and missed profit expectations, as its restaurants were shut due to the COVID-19 pandemic, limiting operations to only drive-thru and delivery...

McDonald's Global Sales Plunge Due to COVID-19 Lockdowns

McDonald’s Corp reported a broad drop in global same-store sales and missed profit expectations, as its restaurants were shut due to the COVID-19 pandem

Turkey's central bank on Wednesday revised its year-end inflation forecast to 8.9% for 2020, up from 7...

Turkey Raises 2020 Inflation Forecast to 8.9 Percent

Turkey's central bank on Wednesday revised its year-end inflation forecast to 8.9% for 2020, up from 7.4%.

Turkey’s parliament passed a law regulating social media on Wednesday, that critics said will increase censorship and help authorities silence dissent...

Turkey to Increase Censorship on Social Media Content

Turkey’s parliament passed a law regulating social media on Wednesday, that critics said will increase censorship and help authorities silence dissent.

Panama hats and designer sunglasses, champagne buckets and luxury cars: in the mountain resort town of Faqra, Lebanon's economic crisis is not immediately obvious...

Lebanese Mountain Club Seems Unaffected with the Country's Worst Economic Crisis

Panama hats and designer sunglasses, champagne buckets and luxury cars: in the mountain resort town of Faqra, Lebanon's economic crisis is not immediate

Honeywell’s aviation parts e-commerce platform, GoDirect Trade, has enabled a new leasing inventory listing feature, with the Honeywell Engine and APU Rental Bank as one of the first participants...

Honeywell Adds New Feature to Aviation E-Commerce Platform

Honeywell’s aviation parts e-commerce platform, GoDirect Trade, has enabled a new leasing inventory listing feature, with the Honeywell Engine and APU R

CEOs and executive leadership positions should be filled by people with technology career backgrounds, such as app or software development, if businesses are to be more successful, says four fifths (80%) of business leaders in the UAE...

Survey: Majority of UAE's Business Leaders Believe CEOs Should be Tech-Savvy

CEOs and executive leadership positions should be filled by people with technology career backgrounds, such as app or software development, if businesse

Middle Eastern fund managers plan to increase investments in Saudi Arabia in the current quarter, betting on the kingdom’s ability to bounce back from the coronavirus and low oil price shocks...

ME Fund Managers to Increase Investments in Saudi Arabia

Middle Eastern fund managers plan to increase investments in Saudi Arabia in the current quarter, betting on the kingdom’s ability to bounce back from t

Rapid changes in the world require an open attitude towards initiating changes in the way we carry out all sorts of tasks, especially in a vital workplace environment...

7 Questions HR Needs to Stop Asking in Job Interviews

Rapid changes in the world require an open attitude towards initiating changes in the way we carry out all sorts of tasks, especially in a vital workpla

Abu Dhabi Commercial Bank (ADCB) will lay off around 400 staff, and projects certain number of redundancies every year as part of normal course of business...

One of UAE's Biggest Banks Lays Off 400 Employees, Projects Redundancies Annually

Abu Dhabi Commercial Bank (ADCB) will lay off around 400 staff, and projects certain number of redundancies every year as part of normal course of busin

Domestic equity benchmark Sensex jumped over 100 points in opening session on Wednesday tracking positive cues from Asian peers...

India: Sensex Soars Over 100 Points, Nifty Above 11,300

Domestic equity benchmark Sensex jumped over 100 points in opening session on Wednesday tracking positive cues from Asian peers.

The World Bank granted $30 million to West Bank Palestinians made economically vulnerable by COVID-19 or whose impoverished situation was worsened by the pandemic...

World Bank Grants $30 Million to Palestinians Economically Affected by COVID-19

The World Bank granted $30 million to West Bank Palestinians made economically vulnerable by COVID-19 or whose impoverished situation was worsened by th

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