Washington, United States - US President Donald Trump said Friday that Elon Musk had "lost his mind" but insisted he...
- Beirut, Lebanon - On Beirut's chaotic, car-choked streets, Lebanese student Fatima Fakih rides a shiny purple bus to university, one...
Phnom Penh, Cambodia-- The UAE and Cambodia have agreed to boost economic ties, expanding the bilateral non-oil trade from the...The two sides agreed that the Comprehensive Economic Partnership Agreement signed during the visit was the best means of achieving the economic ambitions
The UAE side explored opportunities to enter into partnerships with business executives from Cambodia's fast developing sectors like apparel and fintech
Abu Dhabi, UAE - Credit financing provided by the UAE national banks to the trade and industry sectors grew 6.1...The statistics showed that the cumulative balance of credit provided by national banks to the two sectors amounted to $99.9 billion
According to the apex bank’s data, the cumulative balance of credit provided by national banks to the two sectors increased on a monthly basis by 0.1 percent
Tokyo, Japan-- The UAE and Japan have discussed ways to strengthen the strategic partnership with a sharp focus on the...The UAE's Foreign Minister Sheikh Abdullah bin Zayed met with Japan's Prime Minister Fumio Kishida in Japan and discussed ways to boost strategic partnership
The foreign minister pointed to the "pioneering example of strategic cooperation" that has gone on for more than 50 years between the two nations
Abu Dhabi, UAE--UAE's bank investments climbed to a record level, touching $149.35 billion by the end of March, the highest...According to CBUAE, the investments showed a year-on-year growth of 16 percent as against $129 billion in March 2022
The stock investments hit $3.26 billion in March, a jump of nearly 0.8 percent from around $3.21 billion in December 2022
ABU DHABI, UAE - Khalifa Economic Zones Abu Dhabi – KEZAD Group on Friday announced the signing of a land...This would be the first such manufacturing facility in the Middle East and is expected to be operational towards the end of 2024.
By partnering with Tubacex Group, KEZAD aims to further increase the localization and resilience of supply chains.
WASHINGTON, US - The world's largest cryptocurrency exchange Binance said it was halting US dollar deposits and encouraged clients to withdraw...Binance is alleged to have permitted US residents to trade, even though the platform is not registered in the United States as a securities exchange.
Binance has criticized the govt's actions, saying that it will continue to vigorously defend ourselves and customers against the SEC attacks.
- The UK government said it would scrap a windfall tax on the energy sector should oil and gas prices drop...
The government said it would return to 40 percent should average Brent North Sea oil fall to, or below, $71.40 per barrel for two quarters in a row.
Should prices remain above historical norms, the windfall tax would remain until October 2028 as previously announced.
Dubai, UAE - After welcoming 14.36 million visitors in 2022, a 97 percent Year-over-Year (Y0Y) growth when compared to 7.28...Tourists have visited the UAE at an increased rate and Dubai has drawn most of them
The city alone welcomed six million tourists in the first four months of this year
- Expectations the Fed will stand pat next week -- for the first time since starting its hiking cycle last year...
But news of a forecast-busting jump in jobless claims for last week -- to the highest since October 2021 -- cemented the belief officials will pause until next month.
All three main US indexes ended higher, with the S&P 500 entering a bull market after rising more than 20 percent from its October low.
Hafize Gaye Erkan -- whose appointment was published in the official gazette on Friday -- has taken over the post...Erkan, a former co-CEO First Republic Bank and managing director at Goldman Sachs, will be the first woman to head the central bank
Turkish president unveiled a new cabinet on Saturday appointing Mehmet Simsek, a former Merrill Lynch economist, as finance minister
