Abu Dhabi, UAE – ADNOC has expanded its Science, Technology, Engineering and Mathematics (STEM) education programme to empower UAE students...
The Organization of the Petroleum Exporting Countries and their allies - collectively known as OPEC+ - have justified their change...
US senators raced to pass a bipartisan debt limit deal approved overwhelmingly by the House of Representatives, with the worst-case...The bill passed the House on Wednesday with a big majority of 314 votes to 117 -- putting it on a glide path to the White House.
The Senate has to agree unanimously to fast-track legislation and any individual member can draw out consideration of a bill for days.
- DUBAI, UAE - The UAE is poised to play a pivotal role in global trade with its exports projected to...
The report forecasts the global trade industry to reach US$32 trillion by 2030, with a projected growth rate of five percent.
The report said that corridors anchored in Asia, Africa, and the Middle East are expected to outpace the global trade growth rate.
European Central Bank vice president Luis de Guindos on Wednesday previewed the slowing eurozone inflation rate, calling it "positive" but...Energy inflation dipped into negative territory, falling by 1.7 percent, compared with an increase of 2.4 percent in April.
Food and alcohol were key in driving inflation, rising 12.5 percent in May, although lower than the 13.5 percent pace in April.
Riyadh, Saudi Arabia -- Saudi Arabia's merchandize exports decreased by 14.6 percent in Q1 2023, compared to Q1 2022, a...The value of exports amounted to SAR 313.5 billion ($83.6bn) in Q1 2023, down from SAR 367.1 billion ($97.86bn) in Q1 2022.
The decrease originated mainly from oil exports, which fell by SAR 43.1 billion ($11.47bn) or 14.9 percent in the same period.
- ABU DHABI, UAE - UAE Ministry of Industry and Advanced Technology (MoIAT) has signed a Letter of Intent (LoI) with...
According to the Global Electric Mobility Readiness Index (2022), the demand for electric vehicles in the UAE has been rising over the past few years.
The report shows the UAE, which has more than 300 charging stations, has one of the largest charging-station-to-vehicle-ratios in the world.
PARIS, FRANCE - Renewable power capacity will grow by a record number this year as high fossil fuel prices and energy...Global additions of renewable energy capacity are expected to rise by 107 gigawatts to more than 440 GW in 2023.
Newly installed solar and wind capacity is estimated to have save EU electricity consumers $107 billion between 2021-2023.
“Cities such as Dubai and Abu Dhabi have rapidly established themselves as the hospitality destination of choice for business and...UAE's innovative adaptability attracts significant influx of international tourists, says Siegfried Nierhaus, Vice President Middle East, Deutsche Hospitality
Dubai and Abu Dhabi have established themselves as top hospitality destinations for business and leisure. Hotel room occupancy may exceed expectations in 2023, he adds
- Geneva, Switzerland - Soaring debt levels compounded by high inflation and rising interest rates have dashed job-seekers’ hopes in developing...
Some experts deem the tax rate reasonable in global context, while others remain concerned about challenges the new tax regime...Some experts deem the tax rate reasonable in global context, while others remain concerned about challenges the new tax regime could pose for family-owned businesses
Experts see long-term gains including transparency, diversification, and investor appeal from the taxation, which aims to diversify UAE's revenue and strengthen its financial base
- "With some hardliners in the Republican party coming out against the agreement (in a vote due Wednesday), its passage through...
Expectations of higher borrowing costs boosted the dollar, seen also as a haven investment in times of economic turmoil.
Oil prices sank for a second day running on weaker demand concerns in leading energy consumers China and the United States.
