Operations at the bank's UAE branch, which is licensed in the Emirate of Abu Dhabi, will be wound down within six months under central bank supervision.

Cyber security is a top priority for NATO, a senior NATO official says

Huawei blamed rising commodity prices, China’s strict pandemic controls last year, and a one-off gain related to the sale of Honor last year as reasons for the profit plunge.

Exports fall 6.4% year-on-year to $18.6B, while imports rises 10.1% to $30.7B, official data shows

Consumer prices rise 6.9% from year ago in March, posting slowest pace of gain since last February due to decline in energy costs

Among the EU members, the highest share of intra-EU imports was recorded in Luxembourg (90% of its total imports), while the highest share for intra-EU exports was recorded in Czechia (82% of its total exports).

In 2022, Wimbledon and the Lawn Tennis Association banned players from Russia and Belarus from the Championships in response to Vladimir Putin's invasion of Ukraine; the decision led to fines for the LTA and world ranking points were removed

The company said it was cutting 675 jobs, or about 85 percent of its workforce, “in order to reduce expenses in light of the company’s inability to secure meaningful funding.”

Official value of the greenback became 2.5563 GEL.

I can't help but ask you, where do you stand and why? Why did you turn away from the will of the people, which you have so genuinely fulfilled before? - Today, you are the government that has slowly started to transform, said the President of Georgia, Salome Zourabichvili, during her speech at the plenary sitting of the spring session of the Parliament.

Automobile exports from Georgia also skyrocketed to nearby Armenia (2,800 this year compared to 365 between January and February 2022), Kazakhstan (2,600 compared to 935), and Kyrgyzstan (1,300 compared to 423).

The local company Chikatai, which produces handmade toys, sent its products to Australia for exports last week. The founder of the company, Tamar Buiglishvili told BM.GE about this.

Country Garden – the nation's biggest developer in terms of sales – recorded a loss of 6.1 billion yuan ($887 million) for 2022

According to the profit and loss report, the total revenue of the shopping mall amounted to GEL 27.4 million in 2021. The operating profit of the shopping mall was GEL 7.9 million, while the annual profit stood at GEL 19.1 million. Such profit rate was due to financial income, which amounted to GEL 11.2 million.

During Lavrov’s meeting, the Turkish and Russian sides will discuss commerce, energy and bilateral relations as well as the conflict in Syria, the Russia-Ukraine war and the Karabakh issue.

During the first reading of the legislative package at the Healthcare and Social Issues Committee, a new category of persons was added to those exempted from military service. Under the new changes, a conscript/mobilization reservist whose status of limitation of opportunity has expired will be exempted from military service for a period of up to three months, pending verification of their status.

Industrial production gains 4.5% over previous month, retail sales rise 1.4%

Following the sales, the hospitality business will retain various assets, including one operational hotel managed under the brand name “Gudauri Lodge” and three hotels at different stages of construction progress in addition to several land plots in Georgia. Coincidently Gudauri Lodge has been mentioned in a recent New York Times article1.

Anti-Corruption Bureau is an independent agency, which will annually be accountable before the parliament and Anti-Corruption Council, said Georgian Prime Minister Irakli Garibashvili at the presentation of the Anti-Corruption Bureau.