Policymakers at the independent Federal Reserve have kept the benchmark lending rate steady since the start of the year as...
- Chinese Premier Li Qiang dismissed EU fears over Beijing's allegedly excessive subsidies to its industry, telling the bloc's leaders "we...
Amman, Jordan--Jordan and the World Bank have signed a $250 million financing agreement for a water sector efficiency project in...Nearly $200 million of the amount will be a soft loan from the International Bank for Reconstruction and Development, and $50 million will be in the form of a grant
The Jordanian minister praised the World Bank for its partnership with the kingdom's government and support for reform and development needs in the country
The deal between the two countries will include partnership on irregular migration, economic development and renewable energy. Tunisia has been...European Commission President Ursula von der Leyen said Sunday's accord aims to "invest in shared prosperity"
The International Organization for Migration has said 2,406 migrants died or disappeared in the Mediterranean in 2022
- DUBAI, UAE - Commercial transport sector contributed AED16.1 billion ($4.38bn) to Dubai's economy in 2022, said Mattar Al Tayer, Director-General,...
The commercial transport activities sector has experienced consistent economic growth over the last two years fueled by e-commerce, said an official
The number of registered commercial vehicles operated by these companies exceeds 300,000, reflecting a 16 percent growth rate compared to 2021, he noted
GAZA CITY, PALESTINIAN TERRITORIES - Israel returned a boat to a Gaza fisherman it had seized for allegedly breaching the limits...Israeli authorities had called for the vessel, belonging to fisherman Mohammad al-Hissi, to be permanently confiscated.
However, a Haifa court last month ordered that the boat be returned to Hissi even as legal proceedings continued.
RIYADH, SAUDI ARABIA – Prices for housing, water, electricity, gas and other fuels in the Kingdom rose by 9.1 percent...Restaurant and hotel prices went up by 4.3 percent and education up by 3 percent.
Clothing, shoe prices fell 2.9 percent, communication costs were down by 0.7 percent.
NEW YORK, US – In the last three years, poverty rates in low-and lower-middle-income countries have surged, with the number...UNDP has called for adaptive social protection and a debt-poverty pause to redirect debt repayments toward critical social expenditures.
Almost all of these financially hit people live in low - and lower-middle-income economies, with the poorest 20 percent in low-income countries
DUBAI, UAE - Mohammed bin Rashid Al Maktoum Global Initiatives (MBRGI) joined the UAE delegation to the United Nations High-Level...Established in 2012, the High-Level Political Forum is the UN’s central platform for the follow-up and review of the 2030 Agenda for SDGs at the global level.
The UAE delegation discussed ways to bolster mutual collaboration, strategic partnerships and knowledge-sharing, in line with MBRGI’s mission.
- Morocco has sought to diversify its energy sources particularly since neighbouring Algeria stopped supplying natural gas via the GME in...
The agreement includes the annual delivery of 500 million cubic meters of LNG to Morocco, the value of the 12-year deal has not been disclosed
In the initial years, the gas will be delivered through Spanish ports and the Maghreb GME, It will eventually be delivered through planned Moroccan LNG terminals
- Abu Dhabi, UAE - The Central Bank of the UAE (CBUAE) and the Reserve Bank of India (RBI) on Saturday...
CBUAE and RBI aim to develop the foreign exchange market, facilitate bilateral trade, encourage direct investment, and facilitate financial transfers
The pact enables acceptance of local cards in both countries for ATM cash withdrawals and direct point-of-sale purchases without relying on external payment networks
"The Emirati-Indian economic cooperation is gaining increasing momentum in sectors of the circular economy, tourism, aviation, entrepreneurship, small and medium...The collaboration between India and the UAE aims to boost the GDP of both countries by empowering startups, says UAE's Minister of Economy Abdullah bin Touq Al Marri
The countries vow to expand cooperation in areas such as the circular economy, aviation, SMEs, renewable energy, technology, digital transformation, and transportation, he adds
