OPEC Fund extends US$25 million loan to El Salvador to support small and medium-sized businesses

VIENNA, The OPEC Fund for International Development is providing a US$25 million loan to Banco Promerica in El Salvador for on-lending to small and medium-sized enterprises (SMEs) and women-owned businesses to promote the economic recovery of the sector, which has been severely impacted by the COVID-19 pandemic. In El Salvador, SMEs represent over 95% of … Read more

DXB Int’l Airport dealt with 4,000 items of luggage, 2,800 passengers hourly in October

DUBAI, Dubai International Airport dealt with 2.7 million items of luggage on board 11,382 flights last October; an hourly average of 4,000 items of luggage and 2,800 passengers, Ahmed Mahboob Musabih, CEO of Ports, Customs and Free Zone Corporation, and Director-General of Dubai Customs has stated. Musabih made these comments during the opening of Concourse … Read more

Dubai Sports Council, International Chess Federation explore ways to boost cooperation

DUBAI, Saeed Hareb, Secretary General of Dubai Sports Council (DSC), received Arkady Dvorkovich, President of International Chess Federation, at the Council’s headquarters and the two sides discussed ways of strengthening their relationship and enhancing bonds. Welcoming the FIDE President to the Council, Saeed Hareb explained to him about the work and different initiatives of the … Read more

Mohamed bin Zayed, Iraqi PM discuss advancing cooperation, review regional developments

ABU DHABI, His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and the Iraqi Prime Minister Dr. Mustafa Al-Kadhimi, today deliberated a number of issues of interest and discussed the latest developments in the region. This came in a phone conversation between … Read more

US Jobless Benefit Claims Drop to 52-year Low

WASHINGTON — First-time claims for U.S. unemployment compensation dropped sharply last week to a 52-year low, easily falling below the figure recorded at the start of the coronavirus pandemic that has played havoc with the U.S. economy over the last 20 months, the Labor Department reported Wednesday A total of 199,000 jobless workers filed for … Read more

dnata expands into Africa; announces major investment in Zanzibar aviation industry

dnata, a leading global air and travel services provider, has signed a concession agreement with The Government of Zanzibar, along with Emirates Leisure Retail and SEGAP, a joint venture between airport infrastructure and operations specialists Egis, and private equity fund manager AIIM. Under the partnership, dnata will oversee the operations of Zanzibar Abeid Amani Karume … Read more