Washington, United States -- The International Monetary Fund on Tuesday slashed its forecast for global growth this year, citing the...
- The UAE climbed from 17th to 11th globally in merchandise exports and from 18th to 14th in imports between 2021...
Dubai, UAE - Apple has lost ground in the Middle East smartphone market during 2022 to main rival Samsung, according...Samsung has enhanced its share in the smartphone market in the Middle East to 40 percent in 2022, up from 34 percent in 2021
Xiaomi also lost market share, falling to 14 percent from 15 percent in 2021, while Transsion fell to 13 percent from 15 percent in 2021
The small and medium enterprises are an important component of the Qatari private sector, as they account for over 90...The Qatari economy maintained positive growth rates during 2022, recording over 4 percent growth during the second and third quarters, says the country's finance minister
Speaking at the third edition of the SME Excellence Awards 2022, Ali bin Ahmed Al Kuwari also points out that SMEs are an important component of the Qatari private sector
Tokyo, Japan--The UAE and Japan are looking to increase economic, trade and investment cooperation, and explore new economic opportunities of...Al Zaabi exhorted Japanese companies to utilize opportunities in Abu Dhabi and benefit from the UAE's position as a gateway to the Middle East, Africa, and South Asia
Kodaira said that the meeting comes at a time when Japan and the UAE are beginning a new half-century of economic cooperation in different fields
Riyadh, Saudi Arabia -- Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF), has announced three key initiatives aimed...Local Content Growth Program, called MUSAHAMA, seeks to increase the share of local content spend in PIF's domestic portfolio to 60 percent by the end of 2025.
The Private Sector Hub initiatve is a dedicated channel that is now live and will share supplier and investment opportunities with the private sector.
The firm also announced 5,000 other roles would remain unfilled.Meta had suffered a rough 2022 amid a souring economic climate, which forced advertisers to cut back on marketing.
The company is also under pressure for making a huge gamble on the metaverse, the world of virtual reality.
The profit increased by more than 440 percent compared to 2021.The company attributed the increase in net profit to the increase in revenues—which rose by more than 60 percent to SAR 8.58 billion.
In the oil transportation sector, Bahri's revenues have increased by SAR 2.01 billion, the company said in a bourse filing.
- Dubai, UAE -- Mashreq Bank, the oldest privately-owned bank in the UAE, has facilitated $15.5 billion in sustainable finance, Joe...
The finance was facilitated between Jan 2021 and Dec 2022 in addition to wastewater treatment projects worth $1.36 billion.
Mashreq has said it aims to increase the amount of sustainable finance that it facilitates to reach $30 billion by 2030.
- Technology, however, can be a powerful tool to deal with global challenges such as climate change, poverty, and inequality, says...
Technology, however, can be a powerful tool to deal with global challenges such as climate change, poverty, and inequality, says MIT's Senseable City Lab director Carlo Ratti.
It's up to us to ensure that we use technology in a responsible and ethical way to create a better future for all, adds Ratti, the founder of CRA-Carlo Ratti Association
Consultations to prolong Ukrainian grain exports deal are continuing, the UN said, after a Russian proposal for just a 60-day...Russia had agreed to extend the deal which is due to expire on Saturday, for 60 days.
Ukraine said that "contradicts" the original agreement but did not reject the proposal.
DUBAI, UAE - The UAE Regulations Lab has issued a license for an electric cargo aircraft to promote eco-friendly transportation...The license aims at reducing carbon emissions by encouraging the adoption of clean energy and leveraging technology.
It also aims at using innovation to redefine the logistics sector's future and its impact on the environment and climate.
