The statement came after months of escalating attacks by US President Donald Trump on Federal Reserve boss Jerome Powell. The...
- Berlin, Germany - Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and Special Envoy to the...
Economic ties between China and the Gulf region's largest economies, Saudi Arabia and the UAE, have surged since President Xi...The value of Gulf companies' acquisitions and investments in China this year increased by more than 1,000 percent yearly to $5.3 billion
Abu Dhabi's sovereign wealth fund, the "Mubadala Investment Company," is expanding its operations in China to attract investments
Dubai, UAE--Dubai Electricity and Water Authority (DEWA) has called on the public to take all necessary measures to avoid the...Exhorting customers to use its smart services, DEWA asked them to visit its website and smart app in order to protect people and property
It urged customers to use proper insulation in order to cover wires and be careful of exposed wires and damaged electrical parts
Asian equities wobbled at the end of a draining week as fresh US jobs data put revived bets on two...Data recently pointed to a weakening in the US economy that would help ease inflation, the Fed has said it needed to see more softening in the jobs sector.
This week's stumble follows a rally last week when a faster-than-expected slowdown in US inflation stoked hopes the Fed could end its rate hikes. .
RIYADH, SAUDI ARABIA - The Public Investment Fund (PIF) announced the establishment of Sawani Company to enable the growth of...The company aims to be a leading producer of camel dairy products, supporting Saudi Arabia’s wider food and agriculture sector.
Sawani will work in partnership with the private sector to boost the production capacity of the camel dairy industry.
For the wealthy Gulf states, combining their resources with Turkiye's defense and industrial achievements will produce lasting benefits not only...Erdogan's visit was aimed to boost economic relations and tackle Turkey's economic challenges, writes Turkish Professor Ibrahim Karataş
Major agreements were signed with Saudi Arabia and the UAE, with a strong focus on defense and economic cooperation, he adds
Fueling this ambition is an intricate web of travel companies, including tour operators, airlines, accommodation providers, cruise lines, and destination...The Kingdom, aiming to draw 100 million yearly visitors by 2030, is planning to invest over US$1 trillion in tourism over the next decade
Travel companies play a key role in promoting Saudi tourism, developing packages, and collaborating with public sector entities
It is highest ever profit achieved by FAB in a half-year.Return on Tangible Equity (ROTE) increased substantially to 18.6 percent as of June-end 2023.
Strong capital accretion lifted group Common Equity Tier 1 to 13.6 percent as of June-end 2023.
PARIS, FRANCE - New carbon-cutting plans by this year's UN climate talks host the UAE were branded "insufficient" by an analysis...The UAE, which will host the COP28 United Nations talks in November and December, has released its updated climate plans.
The plans laying out a tougher target to reduce its greenhouse gas emissions by 19 percent by 2030 compared to 2019 levels.
The US-Arab Strategic Dialogue discussed Middle East peace and the Israeli- Palestinian conflict, among other issues. The dialogue concluded successfully...US-Arab League discussed reducing tensions in regional conflicts, climate change and health security.
The US condemned the attack on the Swedish Embassy in Baghdad and urged the Iraqi government to protect foreign missions.
Firm in profit despite high inflation, rising interest rates.Volvo Cars reported a 25 percent increase in retail sales, with 178,800 units sold in the second quarter.
Central banks have been raising interest rates in efforts to cool consumer price increases.
