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World Economic Forum

Global unemployment down but working poverty rampant

Geneva - Al Maghrib Today

The global unemployment rate is expected to tick down in 2018, the United Nations said Monday, while warning that far too many workers still live in desperate poverty. The International Labour Organisation forecast a worldwide unemployment rate of 5.5 percent this year, a marginal improvement on the 5.6 percent recorded in 2017, thanks to broad economic growth. But in itsRead more

Trump to make surprise appearance at Davos

Washington - Al Maghrib Today

Donald Trump will take his populist message directly to the world's political and business elite later this month, becoming the first US president to attend the World Economic Forum in Davos in nearly 20 years. Trump -- who ran for president on a nationalist "America First" platform -- will mingle at the annual Alpine festival of globalism in Switzerland, andRead more

Trump to attend Davos economic forum: W.House

Washington - Al Maghrib Today

US President Donald Trump will attend this year's World Economic Forum in Davos later this month, the White House confirmed Tuesday. Trump, who ran for president on a nationalist and populist platform, will mingle with elites from the worlds of politics and finance at the annual Alpine retreat in Switzerland. "The president welcomes opportunities to advance his America First agendaRead more

Gender inequality widening after decade of progress

Geneva - Al Maghrib Today

A decade of slow progress towards better parity between the sexes has screeched to a halt, the World Economic Forum (WEF) said Thursday, warning the global gender gap was now widening. In recent years, women have made significant progress towards equality in a number of areas such as education and health, with the Nordic countries leading the fray. But theRead more

Mugabe flies to Singapore for health check

Harare - Arab Today

Zimbabwe’s 93-year-old President Robert Mugabe has flown to Singapore for a “routine medical check-up,” state media reported Tuesday. “President Mugabe yesterday (Monday) left Zimbabwe for Singapore for his routine medical check-up,” The Herald newspaper reported. “He is expected back in Zimbabwe at the weekend.” The leader who has been in power since 1980 regularly travels to the city state forRead more

LuLu opens new mall and hypermarket in Al-Ahsa

Al-Ahsa - Arab Today

The Middle East retail giant LuLu Group opened a new shopping mall and hypermarket on Wednesday in Hofuf, Al-Ahsa. It was officially inaugurated by Prince Badr bin Muhammed bin Jalawi, governor of Al-Ahsa province, in the presence of Adil Mohammed Al-Mulhim, mayor of Al-Ahsa, and several high-ranking officials from the private and public sectors. Yusuff Ali M.A., chairman and managingRead more

Moroccan Businesswoman to Co-Chair World Economic Forum

Rabat - Arab Today

A Moroccan businesswoman has just been selected by the World Economic Forum to be on the list of eight co-chairs of its regional summit on the Middle East and North Africa. Khadija Idrissi Janati, entrepreneur, expert in public relations and communication of influence, feminist and advocate of the economic empowerment of women, first broke into the prestigious network of theRead more

China to allow more IPOs to attract capital

Beijing - Arab Today

China will allow more companies to list on its stock market to boost support for its economy, the nation’s top securities regulator said, dismissing concerns that more supplies of shares can depress the market. The capital market’s recovery from a 2015 rout has been stronger than expected and is now ready for “appropriately” larger supplies of initial public offerings, ChinaRead more

Chinese PM: US should avoid ‘trade war,’

Beijing - Arab Today

China’s No. 2 leader expressed hope Tuesday that disputes with US President Donald Trump’s government can be settled amicably and warned a “trade war would benefit nobody.” Despite Trump’s promises to raise duties on Chinese goods, Premier Li Keqiang said Beijing has a “stable, optimistic outlook” on trade with the US. Li took the unusual step of making an impromptuRead more