AI to boost trade by nearly 40% by 2040: World Trade Report 2025
The 2025 edition of the World Trade Report reveals that, with the right enabling policies, artificial intelligence (AI) could boost...Economy
Global oil supply hit record high in August: IEA
Paris, France -- Global oil supply hit a record high in August as OPEC+ and other countries ramped up production,...Business Economy
China manufacturing shrinks in August despite new US trade truce
Beijing, China -- China's factory output ticked up in August but still recorded a fifth straight month of contraction, official...The Purchasing Managers' Index -- a key measure of industrial output -- was 49.4, the National Bureau of Statistics (NBS) said, up slightly from 49.3 in July.
The last time China recorded a figure above 50 -- indicating growth -- was in March.
UAE continues to attract major global companies for new headquarters
Dubai, UAE -- The United Arab Emirates has continued to attract global companies looking to establish regional or global headquarters....This trend is supported by the country's legislative and digital infrastructure, as well as its strategic location.
A report from the Kearney Foundation ranked the UAE second among emerging markets in its "FDI Confidence Index 2025."
How Viet Nam’s informal waste workers are leading the plastic pollution fight
Behind nearly 90% of all plastic recycled in Viet Nam is someone like Ms Nguyen Thi Kenh or Ms Nguyen...In the Vietnamese capital, Hanoi, nearly 10,000 women collect plastics for recycling, part of an army of informal waste workers
Viet Nam accounts for 1.8 million tonnes of plastic waste annually, with about 27% of that recycled, making the country a potential leader in tackling the problem
Fed governor calls for rate cut at September policy meeting
A governor of the US Federal Reserve, Christopher Waller, said Thursday that the central bank should lower its key interest...US Federal Reserve, Christopher Waller enthusiasm echoes President Donald Trump's eagerness to cut the rate that is central to US banking and borrowing
For months the Republican president has called for the cut repeatedly, despite resistance from current Fed chairman Jerome Powell
Saudi Bank credit grows by over 116 billion in one year by June 2025
Riyadh, Saudi Arabia - Bank credit extended to the public and private sectors in the Kingdom continued its upward trend,...The total bank credit also recorded a quarterly growth of 2.7% by the end of the second quarter of the current year
Every month, bank credit rose by 0.6% with an increase of USD 4.99 billion (SAR 18,713 million) compared with May 2025, when it stood at USD 844.68 billion (SAR 3,167,558 million)
25 countries suspend postal services to United States over tariffs: UN
The Trump administration said late last month that it will abolish a tax exemption on small packages entering the United...The move has sparked a flurry of announcements from postal services, including in France, Britain, Germany, Italy, India, Australia and Japan.
The United Nations' Universal Postal Union said he suspensions will remain in place until there is more clarity on how US authorities plan to implement the announced measures.
Saudi non-oil exports increase by 17.8 percent in second quarter
Riyadh, Saudi Arabia -- Saudi Arabia’s non-oil exports rose by 17.8 percent in the second quarter of 2025, according to...The increase included a 46.2 percent rise in re-exports, while national non-oil exports excluding re-exports grew by 5.6 percent.
In Q2 2025, a 15.8 percent decline in oil exports dragged total merchandise exports down by 7.3 percent year-on-year.
Egyptian farmers behind world’s perfumes face climate fight alone, yield drops by half
For years, Egyptian jasmine picker Wael al-Sayed has collected blossoms by night in the Nile Delta, supplying top global perfume...As temperatures rise the flowers bloom less and daily harvest has dropped from six kilograms to just two or three in the past two years
With the Nile Delta also vulnerable to the rising Mediterranean water levels, which affect soil salinity, jasmine farmers are on the front line of a heating planet
Israeli bulldozers uproot hundreds of trees in West Bank village, most of them olive trees
"The goal is control and forcing people to leave. This is just the beginning -- it will expand across the...Abdelatif Mohammed Abu Aliya, a local farmer from the village near Ramallah, said he lost olive trees that were over 70 years old on about one hectare of land
"They completely uprooted and levelled them under false pretences," he said, explaining he and other residents had already begun replanting the pulled-up trees
Creators HQ attracts 2,415 active members from 147 countries with combined following of over 2 billion
Dubai, UAE – Creators HQ, the first headquarters for content creators in the UAE and the Middle East, has seen...Creators HQ also brings together content creators and industry leaders worldwide to amplify their impact, develop their work, and support the sustainability
In addition, it attracted 78 global companies in the content sector from 24 countries to relocate to the UAE, with the UK, Pakistan, the US, India, France, leading the list
