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China’s continuing Covid-19 challenge

China is facing a fresh spike in Covid-19 cases. There were 28,127 fresh cases on Tuesday morning, of which 25,902 were without symptoms. It is reckoned that in the last...

Sri Lanka’s national consumer price inflation slows to 70.6% in October

Sri Lanka’s National Consumer Price Index (NCPI) slowed year-on-year to 70.6 per cent in October after a record 73.7 per cent jump in September, the statistics department said on Monday....

Ministry announces new VAT exemption

The Ministry of Finance (MoF) has announced that starting from 1st January, 2023, director services undertaken by natural persons serving as members of boards at entities and institutions across the...

Keeping a watch on India’s climate

India saw extreme weather events on 88% of the days in the first nine months of the year, according to the Delhi-based Centre for Science and Environment (CSE) report, ‘Climate...

Middle East Retail Forum to focus on $308b worth of opportunities

More than 300 retail industry experts will convene at the 11th Middle East Retail Forum (MRF) which takes place at the Jumeirah Beach Hotel on November 15, 2022 to tell...

Indian real estate sector set to recover on rising housing demand

Air Arabia introduces new flights to three cities in Russia

Air Arabia, the Middle East and North Africa’s first and largest low-cost carrier (LCC) operator, has announced the launch of three new routes to Ufa, Yekaterinburg and Kazan in Russia...

US Consumer spending beats expectations; wage inflation slows

US consumer spending rose more than expected in September while underlying inflation pressures continued to bubble, keeping the Federal Reserve on track to hike interest rates by another three-quarters of...

Saudi and Spain to strengthen bilateral economic cooperation

The third Saudi-Spanish Joint Committee (SSJC) concluded in Madrid with a renewed emphasis on strengthening bilateral economic cooperation and enhancing knowledge transfers between both nations. The Saudi delegation’s visit...