The UAE climbed from 17th to 11th globally in merchandise exports and from 18th to 14th in imports between 2021...
Beijing, China -- While China's leaders use their economic and political might to fight Donald Trump's trade war "to the...
Dubai, UAE -- Saudi energy giant Aramco broke ground for its 26.25-billion-riyal ($7 billion) Shaheen Petrochemical Project, its biggest in...Scheduled for completion by 2026, the Shaheen project is aimed at converting crude oil into petrochemical feedstock.
With an annual production capacity of up to 3.2 million tons, Shaeen is Aramco's biggest project in South Korea.
Wall Street rose but European stock markets fell as investors brace for US jobs data that they fear could prompt...The US Federal Reserve raised rates by a quarter basis point in December, lower than previous decisions.
European wholesale natural gas prices dived to the lowest level since August 2021, due to high storage levels.
- Dubai, UAE -- Dubai real estate market recorded deals worth AED1.8 billion ($490 million) on Thursday, Dubai Land Department said....
The deals included 502 sales transactions worth AED1.2 billion, in addition to 98 mortgage deals of AED388.51 million.
Mortgages included 76 villas and apartments worth AED182.63 million and 22 land plots valued at AED205.88 million.
- Riyadh, Saudi Arabia -- Saudi Arabia's Industrial Production Index increased by 6.8 percent in Jan 2023, compared to Jan 2022,...
The kingdom's General Authority for Statistics said the mining and quarrying activity increased by 3 percent year on year.
The manufacturing activity increased by 19.2 percent, while the electricity and gas supply activity decreased by 3.4 percent.
MOSCOW, RUSSIA - Russian Foreign Minister Sergei Lavrov said Thursday that extending a deal that allowed grain exports from Ukraine to...Russia's military intervention saw Ukraine's Black Sea ports blocked by warships until a deal was reached for the export of grains.
The UN and Turkey-brokered deal will automatically renew on March 18 unless Russia or Ukraine object.
- The growth rate is also the highest in the last decade, with crude oil and natural gas contributing 32.7%, government services 14.2%,...
GASTAT said all economic activities achieved positive growth rates during 2022, with crude oil and natural gas contributing 32.7 percent.
Non-oil activities increased by 5.4 percent during 2022, especially transport, storage and communications activities (9.1 percent).
Dubai, UAE -- Al Ansari Financial Services, a remittance and foreign exchange services provider in the UAE, will be offering...The offering represents 10 percent of its total existing share capital. The size of the IPO could be amended any time before the pricing.
The company expects to list and start trading on the Dubai Financial Market in April.
TikTok executives said the company was working with a third-party European security company to oversee and check how it handles...The initiative came as the Czech cyber watchdog issued its own warning, describing the Chinese-owned video-sharing app as a security threat
The European Union and the United States, have taken a tough approach to the app, which is owned by Chinese company ByteDance
Spotify on Wednesday introduced new tools for artists and songwriters, with a particular focus on video formats that are seen...Spotify unveiled a significant revamp to offer a more interactive interface, including the option to hear song previews and provide more personalized recommendations using AI
The Swedish-owned company, which said in January that it was cutting almost six percent of its workforce to reduce costs, posted a net loss of 430 million euros for 2022
- Dubai, UAE--TAQA Morocco is looking to invest $1.6 billion in renewable energy solutions in Morocco in order to lift up...
The company, owned by Abu Dhabi National Energy Co., is looking to diversify its activities in clean energy and water desalination as part of its new strategy.
The firm aiming to increase its production capacity of electricity from renewable sources by 1,000 megawatts will cut the carbon footprint by 25 percent
