San Francisco, United States -- OpenAI released a keenly awaited new generation of its hallmark ChatGPT on Thursday, touting "significant" advancements...
Amman, Jordan -- Jordan has seen a decrease in the number of tourists visiting its famed ancient city of Petra...
RIYADH, SAUDI ARABIA - Agri-Nutrients SABIC, in cooperation with the American companies ADM and BiOWiSH has helped farmers achieve high...Through these collaborative efforts SABIC aims to help reduce the carbon footprint in the agricultural supply chain.
Farmers will use SABIC's bio-fortified urea for the 2023 agri-nutrient season and enroll in ADM's Re:Generations program.
DUBAI, UAE – Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade discussed deeper economic collaboration,...The UAE and New Zealand already share a productive trade relationship, with non-oil trade reaching US$805 million in 2022.
UAE is New Zealand's leading trading partner in the Arab World, accounting for 2.5 percent of Wellington’s total foreign trade.
Dubai, UAE - The Middle East has seen the strongest rebound in the post-pandemic global tourism recovery, according to a...Saudi Arabia and Türkiye recorded almost pre-pandemic levels of tourist arrivals in Q1 2023
Asia Pacific is second, with over 4 percent of the region’s GDP coming from tourism
Dubai, UAE - An airport terminal able to handle up to 45 million passengers a year will open in Abu Dhabi...Terminal A in the Abu Dhabi airport will be able to accommodate 11,000 travelers per hour and 79 aircraft at a time.
The new facility, also known as Midfield Terminal Building, "is scheduled to begin operations in early November 2023", local media said.
Beijing, China - Moody's further downgraded the credit ratings of Chinese property developer Country Garden on Thursday as the heavily indebted...Moody's said it had cut Country Garden from Caa1 to Ca, indicating obligations that are "highly speculative and are likely in, or very near, default"
The Chinese firm is estimated to "not have sufficient internal cash sources to address its upcoming offshore bond maturity", according to Moody's
DUBAI, UAE – Bitay, a cryptocurrency platform from Turkey, announced its expansion into the UAE's burgeoning crypto market. The UAE,...Kickstarted by a government research grant, Bitay has been operational in Turkey since 2018 and expanded its services globally in 2021.
The platform is licensed as a Money Services Business (MSB) in 16 US states and offers services in multiple countries.
ABU DHABI, UAE - Chief Investment Officer, Emerging Markets at UBS Global Wealth Management Michael Bolliger forecasts the UAE's gross...The bank's positive outlook on the UAE’s medium-term growth prospects is supported by strong demand for its oil exports and energy investments.
The bank also expects a strong 4.5 percent expansion for the non-energy part of the economy for this year.
ABU DHABI, UAE - Credit facilities provided by national banks to the business and industrial sectors rose by US$7.7 billion...Credit facilities by national banks to business, industrial sectors in UAE rose by US$7.7 billion in H1 2023.
As per CBUAE’s figures the two sectors saw a 4 percent rise in cumulative credit balance to US$203 billion by the end of June 2023.
- Dubai, UAE -- The global construction industry is projected to reach a staggering $12.9 trillion by 2028, with a robust...
The study says residential construction will continue to dominate, driven by rising per capita income and disposable income.
The Asia Pacific region is poised to retain its leadership position, attributed to increasing urbanization and robust infrastructural development.
- Brussels, Belgium - The annual rate of inflation in the eurozone remained unchanged in August as there was a smaller drop...
Consumer prices reached 5.3 percent in August, although there was also a slowdown in the rise of food and drinks costs.
Core inflation, which strips out volatile energy, food, alcohol and tobacco prices, was down slightly to 5.3 percent in August.
