‘Foreign worker shortage will lead to 20% hike in housing prices’
The shortage is so bad that, at this rate, housing prices in Tel Aviv will reach 100,000 shekels per square meter. The severe…
Category: Business & Finance
Mubadala to expand UAE companies’ operations to compete globally
Mubadala Investment Company aims to expand the operations of its UAE companies and help them to become “globally renowned competitors to the biggest…
Apple to increase starting pay for U.S. workers
Apple Inc (AAPL.O) will raise the starting pay for its U.S. employees, the iPhone maker said on Wednesday, as companies face a tight…
India has no immediate plan to lift wheat export ban, commerce minister Goyal says
India has no immediate plans to lift a ban on wheat exports, but will continue with deals which are done directly with other…
Oil prices rise amid tight market
New York: Oil prices rose in early trade yesterday with US fuel demand, tight supply and a slightly weaker US dollar supporting the…
Airbnb ends rentals in China to focus on outbound tourists
BEIJING: Airbnb Inc. announced Tuesday it will stop representing short-term rental properties in China and focus its business in the country on serving…
Commodities Update — Gold inches lower; Soybean, corn ease; COFCO International sets 2030 target on soy land use
RIYADH: Gold edged lower on Tuesday, as the US dollar rebounded slightly after a slide in the previous session, weighing on demand for…
Bank Hapoalim reports strong first quarter of 2022
The cost-income ratio for the first quarter of 2022 stood at 50.9%, compared with 54.2% in full-year 2021, indicating increased efficiency. Bank Hapoalim…
Bank of Israel hikes interest rate to 0.75%, second increase in two months
The interest rate was raised from 0.1% to 0.35% last month in an attempt to stabilize Israel’s economy. The Bank of Israel hiked…