Beijing slams ‘appeasement’ of US in trade deals that hurt China
China on Monday hit out at other countries making trade deals with the United States at Beijing's expense, promising countermeasures...
Economy
Global economy under pressure could slow to 2.3 percent: UNCTAD
UNCTAD report '"Trade and Development Foresights 2025 – Under pressure: Uncertainty reshapes global economic prospects” cited mounting threats including trade...
Economy
Economy
Oil exports from Iraq’s Kurdistan region to restart on Monday
Spelling the end of independent oil exports by the regional government, Iraq's autonomous Kurdistan region will resume oil exports through...
- Last month, Turkey stopped handling Kurdish oil after an international tribunal ruled in a nine-year-old dispute that Baghdad was right on insisting to oversee all oil exports
- Both federal and regional governments see oil exports as key revenue resources and thier management has long been a sensitive topic in relations between the two entities
Economy
GCC smart home market set to hit US$1.88bn by 2028
Government initiatives and rising incomes are driving growth in the market, along with increased demand for indoor temperature control and...
- Government initiatives and rising incomes are driving growth in the market, along with increased demand for indoor temperature control and security systems, says a report
- Rapid advancements in the sector have led to increasing availability of advanced control and connectivity applications that users can integrate into smart homes, it adds
Science
WTO 2023 to put spotlight on trade role in sustainable future
GENEVA, SWITZERLAND - The WTO’s annual Public Forum 2023 will focus this year on how trade can contribute to a...
- The Forum will examine in particular how the services sector, digitalization and inclusive trade policies can support global environmental goals.
- Sessions at the Public Forum are organized by representatives from civil society, academia, business, government and international organizations.
Business
DEWA, Siemens discusses enhancing cooperation
DUBAI, UAE - MD and CEO of Dubai Electricity and Water Authority Saeed Mohammed Al Tayer discussed the latest advancements...
- DEWA and Siemens discussed the role of smart grids in improving the efficient and sustainable distribution of energy.
- They also discussed ways to enhance collaboration between DEWA and Siemens in the area of smart grid technology.
Geostrategy
Pakistani businessman exports food products to Israel
ISLAMABAD, PAKISTAN - The American Jewish Congress celebrated the arrival of the first shipment of food products from Pakistan to...
- While Israeli authorities and buyers have no issue with direct shipments from Pakistan, officials in Islamabad have not issued any comment.
- The transaction reportedly involved Pakistani-Jewish businessman Fishel BenKhald and three Israeli entrepreneurs.
PPI of Industrial sector in Qatar down by 3.42% in February
Doha, Qatar - The Producer Price Index (PPI) of the industrial sector in Qatar for February. 2023 declined 3.42 percent...
- The PPI for February 2023 is estimated at 125.16 points showing a decrease of 3.42 percent, when compared to the previous month
- On Y-o-Y basis, the PPI of February 2023 showed a decrease of 7.23 percent, when compared to the PPI of February 2022.
Economy
Greek PM calls on EU to pay for fence extension along Turkey border
Athens, Greece--Greek Prime Minister Kyriakos Mitsotakis on Friday called on the European Union to "seriously consider" providing financial aid to help...
- Greek Prime Minister Kyriakos Mitsotakis said that EU should "serioulsy consider" providing funds for the fencing project along the border with Turkey to keep out migrants
- The European Commission in January though ruled out paying for the fence, saying there would be no money for other things if EU were to spend money on "walls or fences"
Geostrategy
UAE dispatches fresh aid shipment to quake-hit families in Afghanistan
Abu Dhabi, UAE--The UAE has dispatched a plane carrying 38 tonnes of urgent medical and food supplies to Afghanistan to...
- The food and medical supplies will assist families hit by the earthquake, which has worsened the current humanitarian situation in Afghanistan
- During the last few years, the UAE has ramped up its humanitarian assitance to Afghanistan by dispatcing 28 aircraft loaded with 623 tonnes of medical and food supplies
Economy
Iraq faces first sandstorm of the year, covering cars, homes in dust
Blanketing central Iraq in dust, the sandstorm made life diffcult on Firday for Iraqis venturing out of their homes. A...
- By late Friday the storm, driven by westerly winds, moved from Al-Anbar province before reaching Baghdad and Salaheddin province by late Friday
- Iraq is listed by the United Nations among the five countries in the world most vulnerable to the impacts of climate change
Business
Ajman, Italian-Czech Chambers discuss investment, business opportunities
AJMAN, UAE - The Ajman Chamber of Commerce and Industry’s (ACCI) discussed with the Italian-Czech Chamber of Commerce in Milan...
- Ajman Chamber is keen to enhance its international cooperation and diversify its foreign partnerships.
- The Chamber discussed the competitive elements provided by Ajman economy and the investment opportunities available.
Most Read
Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
Beijing slams ‘appeasement’ of US in trade deals that hurt China
China on Monday hit out at other countries making trade deals with the United States at Beijing's expense, promising countermeasures...
Economy
Company News
Latest News
Morocco joins UAE, Jordan, Egypt, Bahrain in regional industrial collaboration
Manama, Bahrain – Morocco became the fifth country to join the UAE, Jordan, Egypt and Bahrain at the fourth meeting...
Economy
Wars to cast pall over meeting of global VIPs in Davos
Paris, France - The world's political and business elites will convene in Davos next week, with wars in Gaza and Ukraine...
Business
Dubai aims to become global creative economy capital
"Dubai transcends economic statistics; it embodies a pursuit of the highest quality of life. Our aspiration is to achieve excellence,...
Economy
Most Read
Economy
Gulf countries eye global metal recycling hub status
Amidst an electric vehicle market boom, a looming global shortage of crucial minerals such as lithium and cobalt threatens to...
- Amid an electric vehicle market boom, a looming global shortage of crucial minerals such as lithium and cobalt threatens to double metal prices.
- Gulf countries are positioned to become global recycling hubs, offering a solution to the impending crisis and aiding the transition to clean energy.
The UAE President swears in 3 new ministers
The ministers taking the oath of office were Dr Amna bint Abdullah Al Dahak Al Shamsi who was appointed as...
- President Sheikh Mohamed extended his best wishes to the ministers for success in their new roles
- Sheikh Mohammed bin Rashid said that the UAE leadership places great importance on enriching the government's workforce
Economy
US consumer inflation jumps more than expected to 3.4 percent
Washington, US - Consumer inflation in the United States rose more than anticipated in December, government data showed Thursday, underscoring the...
- The Department of Labor's consumer price index (CPI), a key measure of inflation, was up 3.4 percent from a year ago and higher than November's figure
- But underlying pressures still appear to be ebbing, as a "core" metric that strips out volatile food and energy prices cooled to 3.9 percent in the last month of 2023