Rich people are flocking to Dubai in record numbers, drawn to the desert city by its zero income tax policy...
New York, United States - Wall Street stocks finished little changed Thursday as markets absorbed a disappointing inflation report, while...
Muscat, Oman--Annual inflation of Oman has shot up 0.82 percent in August as against 2.4 percent in the same month...Food prices were also up with an 11.65 percent hike in fish and seafood, an 8.87 percent increase in dairy and egg prices and a 5.5 percent uptick in vegetable costs
The cost of household furnishings and routine maintenance went up by 2.63 percent, miscellaneous goods and services by 2.61 percent, dining and lodging by 2.46 percent
The UN head said the summit will seek a "global rescue plan" on the targets of Sustainable Development Goals, as...Developing countries' leaders will be present in force even as US has hoped to show it is also interested in development
Antony Blinken said he would hold a meeting at the UN on how to use AI to advance the Sustainable Development Goals
"The fiscal policy bolstered economic growth and the competitive business environment, leading to the UAE being ranked as the fastest-growing...The UAE's robust fiscal performance and diversified government revenues showcase an efficient fiscal policy
In 2022, there was a recorded 31.8 percent year-on-year growth in revenues, and a 6.1 percent rise in expenditures
Dubai, UAE-- Terming climate action as an opportunity to create a more equitable and sustainable world, Mariam bint Mohammed Almheiri,...The minister said the UAE believes that science, innovation and technology are the tools humanity needs to drive collective progress on climate action
Almheiri asserted that COP28 is a chance to turn the world’s collective focus to conclude the first Global Stocktake of the Paris Agreement
AMMAN, JORDAN -The Kingdom’s Ministry of Energy and Mineral Resources has emphasized the significance of current and upcoming electrical interconnection...Jordanian authorities are working on a project to connect the Kingdom’s Risha electrical station to Iraq's Rutba station.
The interconnection line will allow the Iraqis to power the Rutba area's loads, using the Jordanian grid.
A million people have crossed Sudan's borders since April, fleeing the devastating war between the Sudanese army and the paramilitary...Since the authorities inaugurated a new passport office in the eastern city of Port Sudan in late August, hundreds of people have lined up all day, every day
Sudan was already one of the world's poorest countries even before the war broke out, but now it has plunged into a horrific humanitarian crisis
Tehran, Iran-- Iran and Cuba are looking to to set up a joint technology and innovation center to promote cooperation...The two countries apart from boosting economic ties are keen to develop mutual cooperation in the fields of science and technology
Cuba is planning to hold an exhibition in 2024 and has invited Iranian knowledge-based companies to showcase their latest achievements
The Fed has raised interest rates 11 times over the last 18 months, lifting its key lending rate to a...Inflation has ticked up again in recent months due to a spike in energy costs, keeping up the pressure on the Fed
In recent weeks many policymakers have said that additional rate hikes will likely be needed to bring inflation down
Dubai, UAE--Dubai Electricity and Water Authority (DEWA) has adopted Microsoft Power Platform and its AI-powered tool Copilot to build smart...In order to benefit from the capabilities of generative AI, DEWA is looking to utilize the latest global technologies in all areas to enhance its digital transformation
Microsoft's Copilot will assist software developers at DEWA in building smart programs and applications that support DEWA’s operations more smoothly
Riyadh, Saudi Arabia--Standard & Poor’s (S&P) has confirmed Saudi Arabia’s credit rating, both in local and foreign currency, as “A/A-1”...The agency gave a stable rating in the wake of the kingdom's ongoing initiatives to carry out significant reforms and achieve structural improvements
The kingdom's growth, according to S&P, will increase at a rate of 3.4% between 2024 and 2026 mainly due to the anticipated rise in oil demand
