San Francisco, United States - Microsoft on Thursday said it cut an Israeli defense unit's access to some cloud services...
Shares in chipmaker Intel skyrocketed on Thursday after AI giant Nvidia announced it would invest $5 billion in its struggling...
Paris, France--Oil and gas producers face pivotal choices about their role in the global energy system amid a worsening climate...The IEA report examined the implications and opportunities for the industry that would arise from stronger international efforts to reach energy and climate targets.
The report estimates that the present valuation of private oil and gas companies could fall by 25% from $6 trillion today if all national energy and climate goals are reached
Jakarta, Indonesia - The Comprehensive Economic Partnership Agreement (CEPA) is expected to increase Indonesia’s exports to the UAE by around...UAE was Indonesia’s second-largest trading partner in the Middle East in 2022
Indonesia recorded $61.8 million in direct investment from the UAE in Jan-September 2023
Tehran, Iran – Egypt, Jordan, and Turkey witnessed a significant surge in a boycott targeting multinationals that have either pro-Israeli...Amidst rising global condemnation of Israel's actions in Gaza, the boycott movement gains significant momentum
Countries such as Kuwait and Morocco join the movement, adding to the international pressure on Israel
Dubai, UAE--Dubai will host a gathering of international corporate governance experts at the upcoming ICGN-Hawkamah Conference, themed 'Capital, Companies, and...Experts will hold discussions on topics such as national visions towards sustainable economies in the MENA region, the role of corporate boards in the governance of sustainability
Against the backdrop of COP28, the event aims to explore how corporations can align their strategies with climate goals while fulfilling their corporate governance responsibility
RIYADH, SAUDI ARABIA - Saudi Arabia raised a syndicated loan of US$11 billion (SAR 41.25 billion) to fund a budget...The 10-year loan was funded by a group of banks including Industrial and Commercial Bank of China
Citigroup Inc, First Abu Dhabi (FAB), and HSBC Holdings Plc,will help in funs according to sources familiar with the matter.
RIYADH, SAUDI ARABIA - A total of 6,225 Saudi industrial businesses are operating in Egypt with US$30 billion worth of...At least 518 Egyptian companies are operating in the Saudi market, the minister said.
He said that over 285 Egyptian brands are spread out across the Kingdom.
- DOHA, QATAR - The merchandise trade balance of Qatar (difference between total exports and imports) recorded a surplus of US$6.7...
In Q3 2023, Asia was the principal destination of Qatar’s exports and imports, representing 74.9 percent and 36.3 percent respectively.
In Q3 2023, the European Union, accounting for 10.4 percent and 27.5 percent of Qatar's exports and imports respectively.
Dubai, UAE -- Saudi Arabia’s oil exports fell by 17.1 percent (SAR 17.2 billion or $4.58 billion) in September, mainly...The share of oil exports in total exports increased from 80 percent in September 2022 to 80.1 percent in September 2023.
Imports also decreased compared to August 2023 by SAR 9.6 billion or 13.7 percent, according to data by GASTAT.
Dubai, UAE - The ongoing conflict between Israel and Gaza could result in a significant economic toll for Israel, with...The projected cost, although lower than some previous estimations, remains a substantial financial burden
The Israeli Ministry of Finance had previously indicated that the war was incurring costs of approximately $270 million per day
New Delhi, India - With the world's largest biometric ID database, a pioneering digital payment system for daily transactions and a...India, the world's largest democracy, with general elections due next year, is also a global leader in internet shutdowns, according to Access Now
"Of the 187 internet shutdowns it recorded worldwide last year, 84 were in India, the "most of any country for the fifth consecutive year", it said
