US stocks rebound from sell-off on Fed disappointment
New York, United States - Wall Street stocks rose early Thursday, rebounding from the prior session's pullback as markets awaited more...Business
Spain urges WTO meet in UAE to address de-globalization
ABU DHABI, UAE - Madrid wants the upcoming 13th Ministerial Conference (MC13) of the World Trade Organization (WTO) here next...Business Economy Geostrategy Global
Pfizer to make $5bn acquisition
US drugmaker is in talks to buy Global Blood Therapeutics.Pfizer, according to media reports, hopes to conclude talks with Global Blood Therapeutics within days
GBT's sickle-cell treatment is administered to people with blood disorder that affects millions
Qatar records 19% jump in international tourist arrivals
Qatar has seen a nineteen percent increase in tourist arrivals with 729,000 visitors coming to the country in the first...In June alone some 149,000 visitors came to the country, marking the highest arrivals in the summer month in the last 5 years
Qatar will unveil some 50 hotels by the end of the year, besides launching several tourism attractions such as kite beach resorts and Lusail Winter Wonderland
Union Properties’ profit rises
The Dubai-based firm posted net profit of $77,603 in Q2.The developer merged three of its existing business units to improve efficiency and productivity across the business,
Union Properties expects improvement in profitability through efficient resource and asset utilization, economies of scale and cost rationalization
GCC investors turn to realty to hedge against inflation
The real estate sector in the Gulf region is set to accelerate in the second half of the year as...The real estate sector in the region is set to accelerate in the second half of the year as regulations effectively mitigate the market cycle swings, especially during inflation
Local real estate prices will be less high for foreign investors than other global markets as local inflation rates are significantly lower than the rest of the world, say experts
GCC stocks rise amidst US-China tension
The performance of the Gulf stock exchanges varied this week, affected by several factors and events, most notably the tension...The performance of the Gulf stock exchanges varied this week affected by several factors and events
The visit of US House Speaker Nancy Pelosi to Taiwan and the tension between the United States and China affected the stock market
Dubai Chambers gets new CEO and President
Dubai Chambers has announced a leadership change, with Hamad Buamim, President and CEO, moving on after 16 years of service....He replaced Hamad Buamim, who was the President and CEO of Dubai Chambers for past 16 years.
Under Buamim, the membership of Dubai Chambers by over four times from 80,000 to over 320,000.
Turkey to pay for some Russian gas in rubles, says Erdogan
President Recep Tayyip Erdogan has confirmed that Turkey will start paying for some of its Russian natural gas imports in...Neither Erdogan nor Russian officials have said what portion of the gas will be covered by ruble payments
Russia accounted for about a quarter of Turkey's oil imports and 45 percent of its natural gas last year
Sustainable research centers in UAE being built on SDME designs
Several regions across the UAE are witnessing the implementation of the designs of some of the teams that participated in...In the UAE many sustainable research centers based on the designs of the teams participating in the first and second Solar Decathlon Middle East are being constructed
SDMEs were organized by Dubai Electricity and Water Authority as part of its, Dubai Supreme Council of Energy and the US Department of Energy partnership
Major fall in global food prices in July, says FAO
Food prices dropped significantly in July, marking the fourth consecutive monthly decline since record highs earlier this year in the...Food prices dropped significantly in July, marking the fourth consecutive monthly decline since hitting record highs earlier this year in the wake of the developments in Ukraine
The decline was led by double-digit percentage drops in the cost of vegetable oils and cereals
Khalifa Fund offers US$30 million to support SMEs in Kenya
The agreement aims to promote entrepreneurship and develop Small and Medium Enterprises (SMEs) in Kenya.The agreement aims to promote entrepreneurship and develop Small and Medium Enterprises (SMEs) in Kenya
Under the agreement, more than 3,000 projects with 40 percent allocated for women will be financed nd are expected to generate nearly 13,000 job opportunities
