Economy - WorldMuslimPrenuer

Islamic Development Bank Group Commits to Supporting “Climate Resilient Pakistan” with US$4.2 Billion in Financing

1Feb

By editor 123No Comments

Business, Economy, Lifestyle, Social Impact

Islamic Development Bank Group Commits to Supporting “Climate Resilient Pakistan” with US$4.2 Billion in Financing

H.E. Dr. Muhammad Al Jasser, President and Group Chairman of the Islamic Development Bank Group (IsDB), announced a US$4.2 billion IsDB Group commitment to support Pakistan's climate resilience efforts and development agenda, as well as the country vision 2025, over the next three years, including US$600 ordinary capital resources from the IsDB Group. He made the statement today in Geneva at the International Conference on Climate Resilient Pakistan, which was held in response to the devastation caused by Pakistan's recent floods. The United Nations and the Government of the Islamic Republic of Pakistan collaborated to host the International Conference on Climate Resilient Pakistan in order to gather international aid to assist Pakistan in rebuilding more effectively following the r...

Market misery deals sovereign wealth funds historic setback in 2022

3Jan

By editor 123No Comments

Announcement, Business, Economy, Financial, Social Impact

Market misery deals sovereign wealth funds historic setback in 2022

Stock and bond market declines during the last year have reduced the total worth of the world's sovereign wealth and public pension funds for the first time ever - by $2.2 trillion, according to an annual survey of the industry. According to Global SWF's study on state-owned investment vehicles, the value of assets managed by sovereign wealth funds declined to $10.6 trillion from $11.5 trillion, while that of public pension funds fell to $20.8 trillion from $22.1 trillion. According to Global SWF's Diego López, the key reason was the "simultaneous and massive" 10 percent-plus corrections in major bond and stock markets, a combination that had not occurred in 50 years. It happened as Russia's invasion of Ukraine drove commodity prices higher and inflation rates to 40-year highs...

2Jan

By editor 123No Comments

Business, Economy, Lifestyle, Social Impact

Top tips to address job burnout

Are you continuously tired? Do you feel like your energy is constantly depleted? Are you feeling dissatisfied at work and finding it difficult to motivate yourself? Or, more simply, do you want to get back home and turn off as soon as possible? If you frequently feel any of the aforementioned emotions, you may be suffering from burnout. It is a gradual process that creeps up on you, but the results can be irreversible. As a result, the time has come to pause, analyse, shake it off, and regain control. Many people assume that burnout is caused by the stress and expectations of our jobs. Job burnout exists, but it is not the primary cause. We often believe that taking a break from work will help us recover from burnout. It's possible that it'll be beneficial. Other, less visible...

Saudi Arabia’s non-oil sector growth highest since September 2021 as PMI hits 58.5

6Dec

By editor 123No Comments

Economy, Entrepreneurs, Financial, Investment

Saudi Arabia’s non-oil sector growth highest since September 2021 as PMI hits 58.5

According to a report, Saudi Arabia's Purchasing Managers' Index hit 58.5 in November, the highest level since September 2021, as the Kingdom's non-oil private sector expands despite mounting inflationary pressures. According to the most recent Riyad Bank Saudi Arabia PMI survey, the Kingdom's non-oil private sector has grown for the 27th consecutive month. Saudi Arabia's PMI was 57.2 in October, up from 56.6 in September. S&P Global's index shows that numbers above 50 indicate expansion, while levels below 50 indicate contraction. “The Saudi economy (continued) its expansion in the non-oil sector in November, business conditions have improved across the board in light of rising demand,” said Naif Al-Ghaith, chief economist at Riyad Bank. According to Al-Ghaith, outp...

Entrepreneur and leader of The Tempest, Laila Alawa

2Feb

By geophangusNo Comments

Economy, Gig Economy

Entrepreneur and leader of The Tempest, Laila Alawa

To what do you attribute your greatest sense of pride? We launched a second office in Dubai to expand our reach into the GCC/MENA region, and we've continued to open doors for our media network in both the traditional media and the social impact arenas, more than doubling our monthly viewership to 3 million people from over 90 countries in 2017. To what extent can you attribute the success of your company to a single, well-executed strategy? Including diversity from the start, it has helped us build a welcoming environment, encourage new perspectives, and attract top talent. Tell me the one thing you really wish you had done differently. We have learned from our errors and will be better prepared to expand our business in the future as a result. So, if you could only give...