Federal Reserve begins two-day talk on interest rates
Washington, United States - The US Federal Reserve began two days of discussions on Tuesday at which policymakers are expected to...Business
Saudi EXIM bank surpasses 2023 credit goals by 33%
Riyadh, Saudi Arabia -- The Saudi EXIM Bank has given credit facilities amounting to SAR16.5 billion ($4.455 billion), surpassing the...Business
UAE and Mozambique sign MoU to improve ‘work cycle’ for workers
Dubai, UAE--The UAE and Mozambique have signed a memorandum of understanding (MoU) in the field of workforce to improve the...The UAE minister said the MoU establishes an institutional partnership between the two ministries to maximize mutual benefits
He said the UAE government is keen to build partnerships around the world, which, he feels, builds trust in the country's labor market
Dubai Customs and Japan’s consulate discuss expansion of trade ties
Dubai, UAE-- Officials from Dubai Customs and Japan's consulate have discussed ways to boost trade cooperation between the two countries...The officials noted how collaboration with Dubai was enabling Japan's traders and investors to expand their businesses in Dubai
The consulate officials conveyed their appreciation for Dubai Customs' role in combating drug smuggling across borders
Abu Dhabi crown prince reviews progress of government projects in emirate
Abu Dhabi, UAE-- The Crown Prince of Abu Dhabi and chairman of the Abu Dhabi Executive Council Sheikh Khaled bin...The crown prince stressed the need for investing in early education and how it is integral to building a "future-ready generation"
In the meeting he noted the importance of achieving a fully integrated and sustainable roadmap, involving all stakeholders
ExxonMobil to buy Denbury
ExxonMobil will acquire Denbury for $4.9 billion.The all-stock acquisition provides ExxonMobil with Denbury's carbon dioxide pipeline network in Texas, Louisiana and Mississippi.
Oil companies have championed carbon sequestration as a major response to climate change.
Pressure on Beijing to unveil stimulus measures as exports tumble
Customs spokesman Lyu Daliang also pointed to outside forces having a "direct impact" on Chinese trade, with Beijing engaged in...The 12.4 percent drop released by the General Administration of Customs was an acceleration from May's 7.5 percent.
Imports also fell 6.8 percent over the same period, reinforcing concerns about softening domestic demand.
Dubai records $980m in real estate transactions: Land Department
DUBAI, UAE -- Dubai real estate market recorded deals worth AED 3.6 billion on Thursday, Dubai Land Department data shows.The...The deals included 712 sales transactions worth AED3.38 billion, in addition to 112 mortgage deals of AED200.32 million, and 22 gift deals amounting to AED41.39 million.
The mortgages included 99 villas and apartments worth AED184.19 million and 13 land plots valued at AED16.14 million.
Qatar, India trade increases to $17.2 billion in 2021-2022
Dubai, UAE -- Trade volume between Qatar and India increased by about 33 percent during 2021 and 2022, reaching $17.2...Qatar's undersecretary for Commerce Affairs at the Ministry of Commerce and Industry Saleh bin Majed Al Khulaifi said India is Qatar's second largest trading partner.
The India-Arab Partnership Conference was organized for the first time in 2008 to increase trade exchange between Arab countries and India.
DEWA given Net-Zero statement of verification for work on climate change
DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) has received the net-zero statement of verification and assurance certificate in...This followed a comprehensive assessment conducted by W3 Solutionz - US based on the International Workshop Agreement Guidelines IWA 42:2022.
The Net Zero Guidelines were commissioned by Our 2050 World, a global collaboration to accelerate action towards net zero through standards.
AI could unlock $23.5bn in annual economic growth across the GCC by 2030: study
Dubai, UAE - The GCC region could realize $9.9 of economic growth for every $1 invested in GenAI. At that...Saudi Arabia and the UAE are expected to experience the most substantial impact, with projected annual impacts of $12.2 billion and $5.3 billion, respectively
Qatar, Kuwait, Oman, and Bahrain will also benefit, with estimated economic gains of $2.6 billion, $1.6 billion, $1.3 billion, and $0.6 billion, respectively.
Deals worth $613m signed Saudi-Turkish Business Forum launch
Dubai, UAE -- Deals worth SAR 2.3 billion ($613 million) were signed between Saudi Arabian and Turkish companies on the...The deals have been signed for real estate development, construction, engineering consultancy and a number of other investment sectors.
The Saudi-Turkish Business Forum was launched in Istanbul in presence of Saudi and Turkey's ministers.
