Lebanon… World’s Highest Inflation Rate
- Main
- September 22, 2021
1 minute read Lebanon’s annual rate of inflation has hiked to the highest of all countries tracked by Bloomberg, surpassing Zimbabwe and Venezuela, as the financial meltdown in the Middle East State worsens. The consumer price index rose 137.8 % from a year earlier in August, compared with 123.4 % in July, according to the
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1 minute read Technip Energies, a France-based firm, is set to accelerate the energy transition in the United Arab Emirates (UAE) and other countries in the MENA region (Middle East and North Africa) with a decarbonisation commitment. The National Petroleum Construction Company (NPCC) and Technip partnership will take place to see the companies collaborating on
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By Mohamed Maher – 2 minutes read Equity markets fell on Monday morning on the fears of China Evergrande Group (EGRNF) bankruptcy, Evergrande is a Chinese real estate giant and the world’s most indebted property developer. Investors, fearing the contagion similar to the one engulfed the global economy during the 2008 housing crisis, offloaded risk
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2 minute read International technology consultancy SoftServe has opened a new branch in Dubai, the firm’s the 36th branch worldwide and first in the Middle East. The firm specializes in building software and applications, implementing systems, cloud migrations, the adoption of emerging technologies and IT support & operations. SoftServe has hit the 10,000 employees milestone
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2 minutes read According to US website Axios, last month CIA director William Burns expressed concern about Chinese participation in major Israeli infrastructure projects during his meeting with Bennett. Israel has opened a new shipping port along its Mediterranean coast to serve its ambitions for wider trade ties with the Arab world, in spite of
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1 minute read The first section of a large new LNG plant destined for the Arctic Circle was loaded onto a cargo ship at the Daishan manufacturing base in Zhejiang Province on Thursday 28th of August. The 10,000-ton unit will reach Murmansk in northwestern Russia within 25 days. With 13 more units to follow, they
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