London, United Kingdom -- US President Donald Trump's tariffs, his call to "drill baby drill" and especially a decision by...
- The global economic outlook has worsened since the start of the year, as rising economic nationalism and tariff volatility fuel...
The UAE energy minister Suhail Mohamed Al Mazrouei said he expected the outcome of meeting to "balance the market and...The 13-member OPEC is due to consult with 10 other oil-producing nations, including Russia, to review the grouping's future output policy
An output cut of 700,000 bpd to one million bpd was one of the options being discussed, a source told AFP, stressing that nothing was set in stone
Riyadh, Saudi Arabia--Saudi Arabia has been re-elected to represent the MENA region on the board of the Global Research Council...Dr. Munir Eldesouki's re-election to represent Saudi Arabia at the GRC reaffirms the kingdom's prominent position in the scientific and research fields
Saudi Arabia has played a key role in the GRC's work since its founding in 2012, including boosting cooperation between research funding institutions
Abu Dhabi, UAE--Emirates Development Bank (EDB) has signed a memorandum of understanding (MoU) with the Abu Dhabi Department of Economic...The financing program aims to help Abu Dhabi-based companies to receive finance offers from a range of banks all at once
Emirates Development Bank can, according to its mandate, provide $8.16 billion in financing support to 13,500 companies by 2026
SHARJAH, UAE- The fourth edition of Jewels of Emirates Show at the Expo Center Sharjah has so far seen record...The event received an overwhelming response from visitors, with exhibitors unveiling a stunning array of exclusive and rare jewelry pieces.
Emirati designer Shamma Al Hallami, in partnership with Salem Al Shueibi Jewelery, also debuted her latest collection of 18-carat gold jewelry
BRUSSELS, BELGIUM - The EU exported US$1.1 billion (€1.1 billion) worth of bicycles in 2022 (both electric and non-electric, a...The EU exported 365,000 electric bicycles and imported 1.2 million in 2022 while the imports were worth US$2.6 billion.
The overall increase in the trade of bicycles can be attributed to an increase in the export and import of electric bicycles.
PARIS, FRANCE - Renewable power capacity is expected to jump by a third this year globally as growing policy momentum,...Renewables are at the forefront of Europe’s response to the energy crisis, accelerating their growth there.
New policy measures are also helping drive significant increases in the United States and India over the next two years.
- Dubai, UAE - Middle Eastern airlines carriers posted a 38 percent increase in traffic in April compared to the same...
With a capacity increase of 27.8 percent, Middle Eastern airlines accommodated the growing demand for air travel
Total air travel reached 90.5 percent of pre-Covid levels, highlighting a significant rebound in passenger demand
By 2036, cloud infrastructures in UAE could generate $11.2bn for the country's economy, supporting about 6,000 full-time jobs annually, says...By 2036, cloud infrastructures in UAE could generate $11.2bn for the country's economy, supporting about 6,000 full-time jobs annually, says a report by Amazon Web Services
The UAE outpaces the MENA region in cloud computing, with a 1% increase in cloud usage potentially boosting the GDP by an average of 0.21%, or $854.7m annually, it adds
Abu Dhabi, UAE -- The UAE's economic growth is expected to remain robust, averaging 4.6 percent from 2022 to 2024,...The AMF's "Arab Economic Outlook Report" forecasts a 4.2 growth rate in 2023, accompanied by a decline in the consumer price index to 2.9 percent in 2023 and 2.57 percent in 2024.
With stable oil and gas prices and lower prices for basic goods, such as agricultural products, the report projected a 3.4 percent growth for Arab economies.
RAS AL KHAIMAH, UAE - Ras Al Khaimah Economic Zone (RAKEZ) successfully participated in the second edition of the Ministry...Make it in the Emirates Forum brings together investors, prominent stakeholders to discuss the role of industrial zones in driving economic progress.
The forum aimed to position the UAE as a preferred hub for emerging industries on a global scale and promote local production by attracting investors.
