Nvidia announced a $5 billion investment in struggling US rival to jointly develop chips for PCs and data centers. The...
Asian stocks rose again Tuesday to extend another record day on Wall Street as traders locked in bets on a...
ABU DHABI, UAE - The United Arab Emirates, represented by the General Civil Aviation Authority (GCAA), has signed a Memorandum...This MoU includes an agreement to increase the number of national carrier flights between the two countries to 21 flights per week.
The signing of this MoU followed discussions held in Seoul on October 12 and 13, 2023, with representatives from both countries' aviation sectors.
MARRAKESH, MOROCCO - The CEO of the Saudi Fund for Development (SFD), Sultan bin Abdulrahman Al-Marshad, signed an additional US$20...The agreement was signed on the sidelines of the 2023 World Bank and International Monetary Fund Annual Meetings in Morocco.
The US$20 million loan agreement aims to finance development projects in CAR, including the establishment of a 250-bed hospital.
Marrakesh, Morocco-- Kuwait Fund for Arab Economic Development (KFAED) and the Central American Bank for Economic Integration (CABEI) have signed...The MoU between the two entities is designed to respond to humanitarian crises and natural disasters, and to exchange information
The agreement was signed by KFAED's Director-General Waleed Al-Bahar and CABEI's Executive Vice President Jaime Palacios in Marrakech
Vienna, Austria--The UAE’s economy remains robust, with constant contributions from the non-oil sector, especially from tourism, leisure, and real estate,...OPEC’s Monthly Oil Market Report (MOMR) for October 2023 noted that the UAE tourism sector continued to rebound and exceeded the pre-pandemic level
The report added that the government launched reforms to attract further investments, such as allowing 100% foreign ownership of onshore companies
Dubai, UAE - Gold prices surged over 3% on Friday, heading for their most robust weekly performance in seven months,...Investors closely monitored the intensifying conflict in the Middle East, which has been unsettling markets
Meanwhile, spot silver saw a 4% rise to $22.72 per ounce, marking its first weekly gain in three weeks
Marrakesh, Morocco-- The Gulf Cooperation Council (GCC) attaches great importance to finding solutions to economic problems such as the eradication...He made the remarks while taking part in the annual meetings of the World Bank and the IMF in the city of Marrakesh, Morocco
The GCC chief underscored the collective responsibility in eliminating poverty by supporting developing and impoverished nations
Dubai is prioritizing renewable energy, sustainable design, water conservation, and biodiversity protection. Its commitment to a sustainable future showcases its...Dubai, renowned for its iconic skyline and luxury, is now leading the charge against climate change with investments and initiatives such as Dubai Clean Energy Strategy 2050
The emirate prioritizes public transit, electric vehicles, and waste-to-energy solutions, placing global collaboration and partnerships at the heart of its climate strategy
Abu Dhabi, UAE - A Smart and Autonomous Vehicles Industries (SAVI) cluster was launched at Masdar City on Friday. It...SAVI will support innovation and the commercialization of smart and autonomous vehicle technologies in the UAE
The Abu Dhabi Department of Economic Development (ADDED) and Abu Dhabi Investment Office (ADIO) are spearheading the development of SAVI
Tehran, Iran-- Iran said the United States "can not renege" on an agreement to transfer $6 billion in frozen funds through...Tehran has come under intense scrutiny since Hamas stormed across Israel's border.
Iran has insisted it was not involved, but celebrated the Hamas attack as a "success".
RIYADH, SAUDI ARABIA - The business sector in the Kingdom reported a 24 percent rise year-on-year (YoY) in operating revenues...Operating revenues are the cash revenues generated from core or other sub-activities, according to the General Authority for Statistics.
Manufacturing activities recorded nearly US$378 billion revenues, followed by the wholesale and retail trade at US$201 billion.
