New York, United States - Gold topped $4,000 an ounce for the first time Wednesday as investors flocked to the...
Hanoi, Vietnam -- Vietnam recorded economic growth of 8.2 percent in the third quarter, among the highest increases in more...
PARIS, FRANCE - A high-level Saudi delegation attended the Riyadh Expo 2030 Symposium, on the outskirts here, hosted by the...The symposium serves as the final stop in the Kingdom's journey of its candidacy bid to host the World Expo in 2030.
The final voting process for the host country will take place during a secret ballot on November 28, 2023, at the 173rd General Assembly of the BIE,
The future of travel is expected to see greater use of renewable energy in transportation and advancements in technology, driving...The tourism industry grapples with several environmental challenges, with notable concerns being the carbon emissions associated with air travel
Travelers can help reduce the negative impacts of tourism and support the long-term sustainability of the industry, by choosing sustainable tourism options
New York, United States - Oil prices saw a modest 2% increase on Friday, boosted by Iraq's expressed support for...The market witnessed substantial short covering as the week unfolded, partly fueled by Iraq's commitment to OPEC+'s production level agreements
Looking ahead, OPEC+ is scheduled to meet on November 26, where discussions on production levels and potential supply adjustments will take center stage
- The two companies will invest up to US$1.5 billion.
ADNOC Drilling will own 51 percent of the JV with Alpha Dhabi holding 49 percent, bringing together a market-leading drilling and OFS expert.
This will further develop and scale up ADNOC Drilling’s integrated drilling and oilfield services (OFS) offering and enhance operational efficiencies.
Dubai is actively implementing climate adaptation strategies and technologies in transportation and infrastructure to mitigate climate change effects and enhance...By the end of the decade, the emirate aims to have 10% of public buses run on hydrogen or electric powered, ramping up to 20% by 2035, 40% by 2040, 80% by 2045
According to Sandalkhan, of BCG, Dubai aims to set a global standard in eco-friendly transportation and RTA's 2050 Zero-Emissions plan reflects that ambition
Moody's is the only major agency to maintain its rating for US sovereign debt at its highest level -- underscoring...The US budget deficit, published last month for the 2023 fiscal year ending September 30, has widened to $1.7 trillion
Due to interest rate hikes by the US central bank to curb inflation, the cost of debt for the United States has ballooned
The Red Cross called for medical facilities and workers in war-ravaged Gaza to be protected, warning the health system there...Medical facilities and personnel across Gaza have repeatedly come under attack since Israel's war with Hamas erupted just over a month ago.
Such attacks have dealt "a heavy blow to the healthcare system in Gaza, ICRC said.
RIYADH, SAUDI ARABIA - Tadawul-listed companies reported a US$48.1 billion (SAR 157.09 billion) aggregate net profit for the third quarter...Sector-wise, the energy sector contributed the largest portion of the aggregate net profit of Saudi listed companies in Q3 2023.
The banking sector accounted for 11.5 percent of the market’s aggregate profit, coming in second in terms of the most profitable sectors.
VIENNA, AUSTRIA - The OPEC Fund for International Development (OFID) is extending a US$25.5 million loan to the Government of...The project includes the rehabilitation of school facilities and a quality enhancement of the technical vocational education program.
It is aligned with a government program to tackle youth unemployment and reduce the size of the informal sector.
“I have been looking very carefully and intensely at the UAE’s strategy on AI, and it resonates a lot with...UAE's artificial intelligence strategy is driving economic growth and establishing it as a global talent hub.
Collaboration between Spain and ADIA Lab in Abu Dhabi focuses on knowledge and talent exchange.
