The International Monetary Fund (IMF) has approved $148 million to help Guinea address the challenges posed by COVID-19.
The amount was approved under the Rapid Credit Facility (RCF).
"Worsening global conditions and a rapidly spreading local outbreak have deteriorated Guinea's short-term growth prospects and hindered mining exports and tax revenues," the IMF said in a statement.
DP World launches 36-hour Dubai-Iraq sea link
DP World has launched a 36-hour maritime service linking Dubai’s Mina Rashid with Iraq’s Umm Qasr Port, offering a faster alternative to overland trucking.
Parkin expands into Abu Dhabi under partnership with DAMAC
The paid parking operator Parkin has signed a five-year agreement with DAMAC Properties to manage around 3,600 parking spaces across the developer’s communities in Dubai and Abu Dhabi.
Dubai hosts Sustainable Bio International Forum
The Sustainable Bio International Forum, hosted by Dubai on Friday under the theme “From the UAE…to a Greener World”, discussed the future of sustainable bioenergy and its role in supporting a low-carbon circular economy.
TerraUSD creator Do Kwon sentenced to 15 years over $40 billion crypto collapse
Do Kwon, the South Korean cryptocurrency entrepreneur behind two digital currencies that lost an estimated $40 billion in 2022, was sentenced on Thursday to 15 years in prison for what a judge called an "epic fraud".
BRIDGE Summit drives $200 million deal to boost UAE's media sector
A $200 million investment multi-dimensional partnership deal has been outlined at BRIDGE Summit 2025 that will position the UAE as the world’s new epicentre for compute, advanced media production and next-generation education.
The UAE has introduced changes to its laws governing the care of children of unknown parentage, expanding custody options and strengthening child protection measures.
Dubai authorities have begun final preparations for the New Year celebrations, holding a coordination meeting to review security and operational plans across the emirate.
The UAE's National Centre of Meteorology (NCM) says a surface low-pressure system will affect the country from December 13 to 19, bringing periods of instability.
