European stocks firm as markets await US inflation data
London, United Kingdom - Europe's main stock markets steadied Friday as traders reacted to more earnings updates from top companies, while...
Business
‘Innovation is crucial for UAE’s energy efficiency’
"Through effective and constructive collaboration with various local and international partners, we have succeeded in establishing an integrated energy transition...
Tunisia: Central Bank governor pleads with parliament to approve $4 billion IMF loan
Tunisia is struggling to pay off its debts and balance its budget The country is in discussions with the IMF...
MENA: Saudi Arabia was top FDI destination in 2020
Saudi Arabia received $10.4 billion in investment FDI projects in the kingdom fell by 49 percent to 73 Amid all...
Some MENA economies see turnaround, others may take time to recover: IMF
Oil-producing countries will post positive growth, while economies dependent on tourism will struggle to stay afloat IMF report says curbing...
Dubai Investment Park, Expo Stations on Route 2020 to open on June 1
The inauguration of more stations comes 6 months after the opening of Route 2020 Route 2020 has so far carried...
Bahrain’s Q1 property deal volumes surge 36% to $600m
Bahrain’s Survey and Land Registration Board has said property transaction volumes in the first quarter rose to $600 million This...
Saudi Arabia among top 10 in terms of mobile Internet speeds
Recent reallocation of frequency spectrum likely to increase the capacities of radio networks, improve quality of services Country plans to...
Rural populations can do better with improved internet access: UN
Internet access in rural areas can boost job markets and lead to a greener future The access can propel them...
Dubai hosts MENA’s first Green Hydrogen project
It is an important milestone of the energy transformation, says Siemens official The project is a collaboration between Siemens, Dubai...
Bahrain imposes new curbs on entry to malls, restaurants
*Only the fully vaccinated people or those who have recovered from infection can only enter cinemas, service centers *Arrivals from...
UAE to allow 100% foreign ownership of companies
The move is geared to attract more foreign direct investment to the UAE Cap on shares a company can float...
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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
European stocks firm as markets await US inflation data
London, United Kingdom - Europe's main stock markets steadied Friday as traders reacted to more earnings updates from top companies, while...
Business
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Rosneft 2022 profit at $10.5bn
Business
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Arab-China Business: Saudi Environment Ministry inks MoU with Beijing Institute of Genomics
Riyadh, Saudi Arabia – Saudi Arabia’s environment ministry on Monday signed a memorandum of understanding (MoU) with the Beijing Institute...
SEWA holds talks with US consulate to promote innovation for energy solutions
Sharjah, UAE-- The Sharjah Electricity Water and Gas Authority (SEWA) has held talks with a US consulate-general delegation to explore...
Economy
$800bn investments set to bolster Saudi tourism
"The Kingdom will invest more than $800 billion during the next 10 years", added the minister, noting that tourists may...
Economy
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Economy
UAE-Turkey partnership has scaled new heights: Al Marri
Abu Dhabi, UAE-- With the signing of the Comprehensive Economic Partnership Agreement (CEPA), the UAE exporters are expected to benefit...
- The CEPA agreement between the two countries is expected to start a new era of ties, stimulating trade, increasing investment flow, and creating jobs
- The non-oil bilateral trade is expected to increase to US$40 billion annually in five years, and at the same time create 25,000 new jobs by 2031
Economy
Divided Fed expected to rally around a US interest rate pause
Members of the rate-setting Federal Open Market Committee remain divided going into the meeting on June 13-14, with a minority...
- Some officials may vote to hold the benchmark lending rate at the next meeting of the Fed's rate-setting committee, while leaving the door open to a hike in July if necessary.
- The data points to a mixed economic picture, with slowing growth, a tight labor market, and inflation still well above the Fed's two percent target.
Economy
UK retail lenders withdraw fixed home-loan products, rattling market
HSBC joined the fray on Thursday, suspending certain home loans as it also sought to cope with significant new demand...
- The total number of available mortgage products has meanwhile fallen by about five percent in just under one month
- Hargreaves Lansdown estimates 16 percent of Britons are already struggling to meet monthly mortgage repayments