Thursday, October 6, 2022

Africa loses $60bn annually through illicit finance flow

Capital flight from Africa continues to be a major thorn in the continent's side following a new progress report that says up to $60...

Deficit predicted for global sugar industry

Prices dropped almost 12 per cent last year as the global glut pushed prices to the lowest since 2008. Jonathan Kingsman, Jamal Al Ghurair...

MERCHANTS BANK OF CALIFORNIA : ” FINANCIAL ACCOUNTS FOR THE SOMALI REMITTANCE COMPANIES WILL...

Washington  – Somali-Americans could find it much harder to send money back home to friends and family after next week. Merchants Bank of California, which...

Kenya team woos leather investors in Turkey

A government delegation is in Turkey as part of an ongoing campaign to woo investors into the local leather industry. Industrialisation Cabinet Secretary Adan Mohammed...

Amazon to offer business email, taking on Microsoft

  WASHINGTON: US online giant Amazon announced plans Wednesday to offer a cloud-based email and calendar service to directly compete with Microsoft Outlook and others. The service...

Dubai claims title of world’s busiest international airport

The city that boasts the world’s tallest building is now home to the world’s busiest airport for international passengers too. Dubai’s airport operator released figures...

UAE, GCC airlines seen cutting fares before July

Cost of travel in 2015 set to get cheaper, thanks to sharp drop in fuel prices. Time to pack your bags. The year 2015 may...

India turns to corner shops, mobile phones for banking revolution

India is betting that mobile phone vendors, fuel stations and corner stores can help it put basic banking within the grasp of hundreds of...

Dubai ranks No. 5 globally in economic performance

Abu Dhabi and four other GCC cities also figured in the list of 300 world cities in the annual 2014 economic rankings of cities...

‘No collapse in Saudi output despite oil price plunge’

 Saudi Arabia's economic growth fell to its lowest level in more than a year, in the fourth quarter of 2014, a sign that the...