Asian shares mixed after Fed minutes, while Nvidia provides support
Asian markets diverged Thursday after minutes from the Federal Reserve's most recent policy meeting indicated officials would keep interest rates...Economy
Kuwait approves new government amid political crisis
Kuwait's emir approved a new cabinet Sunday two days after he dissolved the parliament elected only weeks earlier, and he...Economy
Dubai Investments, E20 Investment to develop agricultural land in Angola
Dubai, UAE--Dubai Investments and E20 Investment have signed a memorandum of understanding (MOU) to develop 3,750 Ha of agricultural land...The two entities signed an MoU to develop land in Angola, harnessing the country's agricultural sector for growth and economic development
The agreement looks to convert the land into a thriving agricultural hub, yielding 28,000 tons of rice and 5,500 tons (peak production) of avocados
UAE and Mongolia to ramp up trade and investment ties
Ulaanbaatar, Mangolia--The UAE and Mongolia are looking to boost trade and investment cooperation with a focus on the agriculture sector.The...Dr. Thani bin Ahmed Al Zeyoudi, UAE's Minister of State for Foreign Trade, is leading a UAE delegation to the Mongolia Economic Forum in Ulaanbaatar
During the meetings both sides explored the means to develop the partnership, underlining their commitment to enhance trade and investment cooperation
UAE bolsters AI integration to boost competitiveness
"The UAE government prioritizes keeping pace with global advancements to proactively address opportunities and challenges," adds Al Olama. "This priority...UAE renews commitment to embracing artificial intelligence solutions across various sectors, says UAE minister Omar bin Sultan Al Olama
The UAE government prioritizes keeping pace with global advancements to proactively address opportunities and challenges," he adds
Abu Dhabi to provide UAE nationals with 5,000 jobs in health sector
Abu Dhabi, UAE-- Some 5,000 new jobs have been opened up in the healthcare facilities by the Department of Health,...The department has directed the healthcare facilities to work toward achieving the set targets under the Emiratisation program within their staff
The Emiratisation initiative is designed to boost the number of Emiratis working in medical profession as doctors and nursing staff
AI ‘disrupts economy’ but Middle East optimistic
The Boston Consulting Group survey found that 58 percent of Middle East employees, managers, and leaders believe that AI will...An overwhelming 78 percent of respondents are confident that the rewards of GenAI outweigh the risks
76 percent of all respondents believe that AI-specific regulations are necessary to manage the risks
4 bids for Al Ajban power project
There will be a process to select the best proposal.Al Ajban Solar PV is EWEC’s third world-leading solar power project.
Abu Dhabi is home to world’s three largest single-site solar power plants.
Kuwait 2023-24 draft budget estimates $22.2 billion deficit
Lower oil prices and volumes attributed to the estimated deficit, according to a newspaper report. MP Osama Al-Zaid said the...Al-Zaid said non-oil revenues were estimated at 2.2 billion dinars, an increase of 10 percent over the previous budget.
He said these were only estimates, not real deficit, and Kuwait "will be able to avoid it by maximizing state revenues, controlling expenditures, and preventing financial waste".
UAE per capita income rises to 7th rank globally
ABU DHABI, UAE - The UAE ranked seventh in the world in terms of per capita national income, according to...According to the Atlas method, the per capita national income in the UAE, in current US dollars, increased to US$48,950 in 2022.
The expression of Gross National Income (GNI) in US dollars is done using the Atlas method, which was introduced in its current form in 1989.
East Pipes, Banque Saudi Fransi ink pact
Funds will be used to finance working capital for projects.The agreement is worth US$293 million (SAR 1.1 billion).
AÂ promissory note of $306 million was provided to guarantee the credit facility.
Middle East firms pay fortune for employee burnout
A TRENDS exclusive report takes a hard look at how tens of thousands of white-collar workers in Middle East are...It is estimated that businesses in the Middle East suffer a loss of $100 billion every year on account of mental health challenges due to lost working hours
It has also been found that only 15 percent of white-collar workers across the MENA region have access to professional mental health resources
