New Delhi, India -- Airlines on Monday revised down their traffic and profit forecasts for 2025, citing "headwinds" for the...
Riyadh, Saudi Arabia - The Saudi Pro League (SPL) and Saudi Arabian Mining Company (Maaden) have agreed a long-term strategic...
The brokerage firms added 26,953 new accounts in H1.The new investor accounts at the bourse climbed more than 48 percent during the first five months of this year as against 18,204 last year
Since the listing of companies such as DEWA, TECOM Group and many others, the market has witnessed significant momentum
- AMMAN, JORDAN - The pharmaceutical and medical supplies sector of Jordan has experienced an impressive 29.7 percent growth in exports...
Jordan's exports from the pharmaceutical, medical supplies sector for the first five months of 2023 reached approximately US$375 million.
The growth has been possible due to regularization, recovery of supply chains, and uninterrupted supply of raw materials and production inputs.
GABORONE, BOTSWANA - Botswana has reached an eleventh-hour deal with diamond giant De Beers after months of tense negotiations that saw...The agreement provides for a new 10-year agreement to sell the rough diamonds produced by Debswana.
Debswana is a JV equally owned by the government and De Beers - and a 25-year extension of its mining licenses.
London, UK - Masdar, the UAE’s renewable energy company, has committed to invest £1 billion in British battery storage, following...Masdar has partnered with Octopus Energy to license its technology platform, Kraken, to manage its battery portfolio at low cost and with maximum efficiency
The company owns stakes in London Array, one of the world’s largest offshore wind farms, and Hywind Scotland, the world’s first commercial-scale floating wind farm
Yerevan, Armenia – Non-oil trade volume between the UAE and Armenia reached $1.53 billion in 2022, with a growth rate...The UAE is the top trading partner for Armenia in the GCC in 2021, accounting for 90 percent of Armenia's total trade with GCC countries
The total UAE non-oil exports to Armenia amounted to almost $229 million in 2022, with a growth rate of 245 percent compared to 2021
- PARIS, FRANCE - French Minister of Foreign Trade Olivier Becht said his country and the UAE share a common vision...
The UAE and his country are working together on low-carbon energy solutions, the French minister said.
The minister highlighted the rising number of natural disasters globally caused by climate change.
Wall Street rises as US consumer inflation moderates.The personal consumption expenditure index measure of inflation eased to 3.8 percent year-on-year in May.
The data comes on the heels of other upbeat economic reports this week adding to hopes the US economy can avoid a recession.
VIENNA, AUSTRIA - A new US$60 million loan by the OPEC Fund for International Development (OFID) and partners is expected...The project will include constructing a 166km overhead transmission line connecting the Kagera region to the national grid.
Tanzania is investing in expanding its hydropower capacity with plants under development at Rusumo and Kakono in its northwestern region.
RAS AL KHAIMAH, UAE - Ras Al Khaimah Economic Zone (RAKEZ) has announced the addition of over 1,500 new companies...This robust growth represents a remarkable 132 percent increase compared to the same period in 2022.
The majority of these investors are from countries such as India, Pakistan, the UK, Egypt and Russia.
Abu Dhabi, UAE - ADNOC Gas Procession, an ADNOC subsidiary, has awarded $700 million contract to Petrofac for Engineering, Procurement,...The contract was awarded to Petrofac Emirates and involves the construction of a new gas compressor plant, aimed at bolstering gas output from the Habshan Complex.
The new plant, expected to play a pivotal role in increasing gas production, will consist of three gas compressor trains, as well as associated utilities and power systems.
