Recent

A balanced capitalist economy requires a magic number. (Shutterstock)
March 25, 2019 - 11:39 GMT
When the Great Depression followed the 1929 stock-market crash, almost everyone acknowledged that capitalism was unstable, unreliable and prone to stagnation. In the decades that followed, however, that perception changed.
The teachers on temporary contracts, who have been on strike since March 3, enjoy the same salaries as their permanent colleagues - 5,000 dirhams ($520) a month. (AFP)
March 25, 2019 - 10:32 GMT
Several thousand young teachers calling for permanent work contracts in the streets of central Rabat were met with baton-wielding riot police.
Share of non-oil sector in country's economy will rise to 80% in next 5 years. (Shutterstock)
March 25, 2019 - 09:02 GMT
Share of non-oil sector in country's economy will rise to 80% in next 5 years.
Only a third (34 per cent) of institutional investors noted that they are altering European and UK allocations as a result of Brexit. (Shutterstock)
March 25, 2019 - 08:51 GMT
The study reveals that despite the expectation of a relatively near-term end of the economic cycle, investors are not foreseeing a significant correction in fixed income, but rather expect the rare event of a soft landing with a continued flat yield curve, the study added.
Turkish lokum, olive oil, figs, hazelnuts may be among products promoted under new brand name. (Shutterstock)
March 25, 2019 - 07:57 GMT
Before the end of the first half of this year, Turkey will announce an umbrella brand for the marketing of premium Turkish products in the international arena.
For the first time, Abu Dhabi's Hub71 will bring together three key pillars that are essential for the success of Abu Dhabi's technology ecosystem - capital providers, business enablers and strategic partners.  (Shutterstock)
March 25, 2019 - 07:30 GMT
For the first time, Abu Dhabi's Hub71 will bring together three key pillars that are essential for the success of Abu Dhabi's technology ecosystem - capital providers, business enablers and strategic partners.
Major chunk of this investment is expected to come from the UAE, Saudi Arabia and China. (Shutterstock)
March 24, 2019 - 17:00 GMT
Major chunk of this investment is expected to come from the UAE, Saudi Arabia and China
The application for refunds will be submitted to the bureau, which will perform an initial audit and then request the FTA to refund the amount. (Shutterstock)
March 24, 2019 - 11:50 GMT
The application for refunds will be submitted to the bureau, which will perform an initial audit and then request the FTA to refund the amount.
Egyptian officials are trying to instil new life into its textile industry, which contributes almost 3% of GDP. (Shutterstock)
March 24, 2019 - 11:05 GMT
Egyptian officials are trying to instil new life into its textile industry, which contributes almost 3% of GDP.
Worryingly for Ankara, industrial output fell 6.4% and there are signs of more falls in the months ahead. (Shutterstock)
March 24, 2019 - 10:52 GMT
Worryingly for Ankara, industrial output fell 6.4% and there are signs of more falls in the months ahead.
If the raft of memorandums of understanding bear fruit, they could boost trade from the current $12 billion to $20 billion annually. (File/Photo)
March 24, 2019 - 10:36 GMT
If the raft of memorandums of understanding bear fruit, they could boost trade from the current $12 billion to $20 billion annually.
Huawei has repeatedly denied that it shares information with the Chinese government or that its technology is compromised. (Shutterstock)
March 24, 2019 - 09:44 GMT
The European Union (EU) will not require its member countries to ban Huawei from their wireless networks.
Since the campaign began in November 2017, there have been 2,827,564 offenders, including 2,204,460 for violating residency regulations, 432,461 for labor violations and 190,643 for border violations. (Shutterstock)
March 24, 2019 - 09:22 GMT
Nearly 2.82 million violators of residency, work and border security systems have been arrested in a year-long roundup, according to an official report.
Apple in January revealed that it took a hit in the “Greater China” region. (Shutterstock)
March 24, 2019 - 08:39 GMT
Apple chief executive Tim Cook yesterday urged China to keep opening up its economy as local rivals bit into the profits of the US tech giant caught in the crosshairs of a trade spat between Beijing and Washington.
State-owned South Valley Egyptian Petroleum Holding Company has invited bids for ten oil and gas exploration blocks in what it said were Egyptian territorial waters in the Red Sea. (Shutterstock)
March 24, 2019 - 08:27 GMT
State-owned South Valley Egyptian Petroleum Holding Company has invited bids for ten oil and gas exploration blocks in what it said were Egyptian territorial waters in the Red Sea.
The bank's four additional subsidiaries have also been designated. (Shutterstock)
March 23, 2019 - 09:00 GMT
The United States on Friday sanctioned Venezuela's state-owned Bandes bank as a retaliatory measure after the Nicolas Maduro-led regime arrested one of Juan Guaido's closest aides.