Dubai, UAE -- A total of 47 international companies have shown interest in developing the seventh phase of the Mohammed bin...
Abu Dhabi, UAE -- Hotel revenues in the UAE reached approximately AED 45 billion ( $12.24 billion) in 2024, reflecting...
According to a ranking by the Sovereign Wealth Fund Institute (SWFI), the Norwegian fund is the biggest in the world,...The robust showing, representing a return of 5.9 percent, erases about half of the fund's massive $165.4-billion loss last year amid turbulence over the start of the war in Ukraine
The fund, one of the world's biggest investors, was worth a dizzying $1.34 trillion at the end of March, or almost $245,000 for each of Norway's 5.5 million inhabitants.
Shares of Tesla slumped after reporting a drop in quarterly earnings and hinting the Musk-led company could face further profit...Twitter began the mass removal of blue ticks, with the symbol previously signifying a verified account vanishing from users including the Pope, Trump and Justin Bieber
Despite the failure to complete the flight test and reach orbit, SpaceX and Musk, the founder and CEO of the private space company, declared it a success
Since the beginning of 2023 alone, three digital and physical platforms have been launched by Qatar, Oman and Kuwait to...The Qatar Investment Promotion Agency launched the latest Gulf investment platform on April 4, 2023
The most prominent investment platform in the UAE is "Invest in Dubai", launched in February 2021
Customers at a Bahrain jewellery store study displays of pearls that are, unusually, 100 percent natural -- the result of...While rare elsewhere, natural pearls prised from seabed oysters by divers are the only variety produced in the Gulf kingdom, which is fiercely proud of its pearling tradition
A tiny island state neighbouring Qatar, Bahrain is the sole country worldwide to have banned the cultivation of artificial pearls, which have flooded the market since the 1920s
Global equities mostly slid on auto sector woes and economic fears about the prospect of more interest rate hikes aimed...The dollar fell against its main rivals and crude oil tanked more than two percent.
Europe's main equity markets were mostly lower after a mixed session in Asia.
- Nokia's share price was down seven percent at $4.35.
Nokia's earnings per share amounted to six cents, weaker than the seven cents expected in a survey of analysts by financial data firm FactSet.
Despite the mixed results, Nokia remains on track to "deliver another year of growth in 2023," said an official.
Dubai, UAE – Dubai’s real estate sector recorded deals worth AED157 billion ($42.75 billion) in the first quarter of 2023,...Transactions worth AED528 billion were recorded during the year 2022, a 44.7 percent increase in volume and 76.5 percent increase in value compared to 2021.
The number of new investors entering the emirate’s real estate market in Q1 2023 rose to 13,338, a 12 percent growth from Q1 2022
Starship, the most powerful rocket ever built, exploded during its first flight, but Elon Musk congratulated his SpaceX team on...The Starship spacecraft that will eventually carry crew and cargo had been scheduled to separate from the first-stage rocket booster three minutes into the flight.
Despite the failure to complete the full 90-minute flight test and reach orbit, SpaceX and Musk, the founder and CEO of the private space company, declared it a success.
- GENEVA, SWITZERLAND - The World Trade Organization (WTO), the World Bank Group (WBG) and the World Economic Forum (WEF) on...
The initiative Action on Climate and Trade (ACT) . which starts with a pilot phase, will focus on working with participating developing economies.
ACT will provide participating economies with tailored insights so that they can plan for the impacts of climate change on trade.
- The European Parliament approved the comprehensive rules to regulate the "Wild West" world of cryptocurrencies, hoping to protect investors against...
Under the regulation known as Markets in Crypto Assets (MiCA), cryptoasset service providers (CASPs) must protect customers' digital wallets.
Large providers will also have to disclose their energy consumption as part of the EU's efforts to reduce cryptocurrencies' high carbon footprint.
