US President Donald Trump said Wednesday that imports from India will face 25 percent tariffs, while also announcing an unspecified...
Policymakers at the independent Federal Reserve have kept the benchmark lending rate steady since the start of the year as...
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.
Cairo, Egypt-- Egypt is looking to resume exports of liquefied natural gas exports by October, according to the country's petroleum...Egypt uses the gas at home during summer months when the temperatures are high, but in winter months it has excess levels of gas available for export
El Molla said that summer exports surged last year because the government switched from using natural gas in power stations to mazut fuel oil
Abu Dhabi, UAE - The conditions determining taxable and exempt persons, corporate tax rates and tax periods. were highlighted at...Key topics covered during the workshop include the Small Business Relief designed to support start-ups and other small or micro businesses
The topics also included corporate tax in free zones; determination of taxable income; transitional rules; taxable businesses and business activities of individuals
