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Posts published in “Business”

UN Chief: ‘Race Against Time’ to Save Afghan Economy

Secretary-General Antonio Guterres said Thursday the United Nations is “in a race against time” to prevent millions of Afghans from falling deeper into a severe economic and humanitarian crisis.“Livelihoods across the country have been lost. More than ...

This year’s Oscars show will go on, with a host

Los Angeles, The Academy Awards will have a host for the first time since 2018 and return to their longtime home at the Dolby Theatre, broadcaster ABC said on Tuesday. While other awards shows have been postponed because of a surge in COVID-19 cases, W...

EDB stresses ICT, Digital Economy strategy in attracting investments

Manama, Chief Executive of the Bahrain Economic Development Board (EDB) Khalid Humaidan stressed the importance of the Kingdom’s four-year ICT and Digital Economy strategy, as an enabler to attract further direct investments which will contribute to th...

Samsung sees about 52-per-cent rise in Q4 operating profit

Seoul, Samsung Electronics expects that its fourth-quarter operating profit will rise about 52.49 per cent from last year, reflecting solid demand for server memory chips and higher margins. The company projects quarterly sales will increase 23.48 per ...

Morocco, China ink ‘Belt and Road’ roadmap

Published by
Al-Araby

Morocco and China on Wednesday signed an agreement sealing a strategic partnership between the two nations as part of Beijing’s “Belt and Road” initiative. The accord, a roadmap for the joint implementation of the key Chinese project, was inked by Moroccan Foreign Minister Nasser Bourita and a senior Chinese official, Ning Jizhe, during a video conference ceremony. The partnership is aimed at facilitating cooperation in infrastructure, trade, investment, industry, agriculture and more, a Moroccan government statement said. It aims to promote access to Chinese financing to carry out large proje…

Cryptocurrencies see outflows in final week of 2021

London, The final week of 2021 saw a third straight week of investment outflows from cryptocurrency funds, even as it capped a year of strong inflows into digital asset investment products, data from digital currency manager CoinShares showed.Outflows ...