The central bank's second-to-last rate meeting of the year is taking place against the backdrop of a weeks-long standoff between...
The international benchmark contract, Brent North Sea crude, jumped 4.8 percent while West Texas Intermediate was up 5.1 percent. Trump on Wednesday announced...
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
Abu Dhabi, UAE - The UAE and Pakistan recently sealed a significant deal, potentially injecting between $20 to $25 billion...The move comes as Pakistan grapples with economic challenges, including a balance of payments crisis and dwindling foreign exchange reserves
Pakistan Prime Minister Kakar hailed the signing as a historic milestone that would elevate economic cooperation between the two nations
ABHA, SAUDI ARABIA - Extending over 34 kilometers, the Abha Valley Basin enjoys a variety of wildlife aspects, civilizational features...The Abha Valley abounds in environmental diversity, which explains its array of mountain plants.
The rugged areas of the highest point of the valley form the right habitat for the Arab tiger,
- Riyadh, Saudi Arabia - Operating income of Saudi banks increased by 2.9 percent QoQ, majorly due to net-interest income (NII)...
Top 10 lenders demonstrate resilience with a 2.9 percent quarter-on quarter (QoQ) increase in operating income, fueled by robust net interest income growth
Moderated credit growth is anticipated in Q4’2023, underscoring a positive economic outlook, driven by non-oil sectors and sustained government spending
Low- and middle-income countries have experienced a combined loss in capital and GDP totaling $21 trillion, about half of the...The report estimated that impacts from human-caused climate change cut 6.3 percent from global economic output last year, when weighted across populations
"The world is trillions of dollars poorer because of climate change and most of that burden has fallen on poor countries," said lead author James Rising
