Turin, Italy - Artificial intelligence technology is in an "industrial bubble," Amazon founder Jeff Bezos told a tech conference in...
Tech companies including WhatsApp and Reddit as well as streaming giant Twitch and gaming firm Roblox could be among more...
ABU DHABI, UAE - The Central Bank of the United Arab Emirates (CBUAE) hosted several events with Islamic finance infrastructure...Participants in the events included officials and experts from international organizations, financial institutions and Islamic financial bodies.
They aimed to support and advance sustainable Islamic finance while expanding the reach of sustainable finance globally.
Saudi Arabia will extend its voluntary cut of 1 million barrels per day. The latest Saudi cut is in addition...Russia meanwhile said on Thursday it would deepen its voluntary oil supply cut to 500,000 barrels per day (bpd) and extend it until the end of the first quarter of 2024.
Along with its OPEC+ oil partners, Russia has been holding back its oil output and exports in a bid to boost global prices.
Washington, United States - A key inflation measure used by the US Federal Reserve to set interest rates eased further last...The annual personal consumption expenditures (PCE) price index rose 3.0 percent in October, down 0.4 percentage points from a month earlier
On a monthly basis, PCE inflation was virtually flat in October, while core PCE rose by 0.2 percent from September, the Commerce Department said Thursday
DUBAI, UAE – The Ministry of Human Resources and Emiratization (MoHRE) has notified over 12,000 private companies with 20-49 workers...Companies with 20-49 workers will be required to hire one UAE national in 2024 and another one in 2025.
This step is expected to create around 12,000 jobs annually for UAE nationals in 2024 and 2025 in various sectors.
DUBAI, UAE - The Citizens Debts Settlement Fund announced the exemption of 1,244 citizens from their debts with a total...The settlement of debts is subject to specific and strict laws and standards regarding the quality of loans and their areas of expenditure.
Officials of banks, financial institutions and national companies expressed their pleasure and pride in taking part in this national initiative.
The discussions between the UAE president and the Cuban president at Expo City Dubai focused on cooperation in various fields...The meeting also covered the UN Climate Change Conference (COP28), starting today at Expo City Dubai
The two leaders exchanged views on regional and international developments and a number of other issues
- "At COP28, governments need to focus on two timeframes: an immediate surge in climate action and a springboard for the...
The climate crisis escalates, demanding bold action at COP28 in Dubai, says UN Climate Change Executive Secretary Simon Stiell.
Developing nations require substantial financial support for climate resilience and renewable energy initiatives, he adds.
World stock markets have made robust gains in recent weeks on hopes that the US central bank had finished with...Fed Governor Christopher Waller said he was "encouraged" by recent progress on the economy
Market analysts say the gain came "as expectations build on the prospect of another output cut"
Some countries face more intense competition for water resources, leading to potentially severe environmental impacts. The contrast underscores the diverse...The region needs to develop and implement sustainable water management strategies to mitigate the growing water scarcity and its potential impacts.
The high stress levels in GCC, in particular, highlight an urgent need for these nations to develop and implement sustainable water management strategies.
- Abu Dhabi, UAE--Abu Dhabi IPO Fund (ADIPOF) is working on three initial offerings in the technology, hospitality, restaurants, and financial...
Al Khawaja said one of the offerings will be for a family business in the financial sector and foreign exchange and remittances
The fund, according to Al Khawaja, considers family businesses as the key to advancing economic development in Abu Dhabi
