World Bank announces $700 million in financing for Egypt

CAIRO: The World Bank announced on Monday $700 million of budget support for Egypt, part of a 3-year, $6 billion programme that the bank pledged earlier this year.

The World Bank said in a statement that the $700 million is designed to help Egypt boo…

China’s general public budget spending up 3.4% in Jan-May

BEIJING: China’s general public budget spending expanded 3.4 percent year-on-year to 10.8359 trillion yuan (about US$1.52 trillion) in the first five months of 2024, Xinhua news agency quoted the Ministry of Finance as saying Monday.

Data from the mi…

Etihad Cargo expands its freighter network to Madrid

ABU DHABI: Etihad Cargo, the cargo and logistics arm of Etihad Airways, is expanding its freighter network with a new route to Madrid.

Starting 15th July 2024, Etihad Cargo will operate two weekly Boeing 777 freighter flights between Abu Dhabi and Ma…

NIDLP Takes Part in Transport Logistic China Fair

Riyadh: The National Industrial Development and Logistics Program (NIDLP) will be presenting its achievements and initiatives at the Transport Logistic China fair in Shanghai, China, held this year from June 25 to 27, where it will participate alongsi…

Ajman to launch building classification starting 1st July

AJMAN: The Department of Land and Real Estate Regulation in Ajman will launch the building classification process in the emirate starting July 1st, 2024.

The process will continue for three months and will be carried out by a team of specialised and …

DIFC Innovation Hub, du join hands to foster SME innovation

DUBAI: du, from Emirates Integrated Telecommunications Company (EITC), today announced a strategic partnership agreement with DIFC Innovation Hub to launch the ‘du Business Entrepreneurship Programme’, designed to provide substantial support to entrep…

Czech economic confidence improves to two-year high

PRAGUE: The Czech Republic’s economic confidence strengthened in June to the highest level in two years, survey results from the Czech Statistical Office showed on Monday.

According to the German Press Agency (dpa), the economic sentiment index rose …