IOTA Foundation launches US$10m investment fund at Investopia 2024
ABU DHABI, UAE – Minister of Economy and Chairman of Investopia Abdullah bin Touq Al Marri attended the unveiling of...Business Economy Tech & Media
Turkmenistan to supply 2bcm gas to Turkiye: Turkish minister
Ankara, Turkey - Turkish Energy and Natural Resources Minister Alparslan Bayraktar announced on Friday the signing of a memorandum of...Economy Energy
Iran’s parliament removes minister over rising prices
Iran's parliament voted in an impeachment session to remove the industry minister amid soaring prices as the Islamic republic's economy...The vote came with the economy battered by Western sanctions, rampant inflation and depreciation of the rial against the dollar.
Defending the minister ahead of the vote, President Ebrahim Raisi had urged "stability in the management of this ministry".
DEWA keen to enhance happiness in work environment, says CEO
DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) affirmed its commitment to achieve the 'We the UAE 2031' vision..."We harness all capabilities, technologies and digital solutions to strengthen the skills of our employees," DEWA CEO said.
"We consider employees the main pillar for strengthening DEWA’s position as one of the most prominent utilities in the world," he said.
ECB looks to hike interest rate again but analysts divided on how much
The Frankfurt-based institution has already lifted rates 3.5 percentage points since July last year to tame energy and food costs...Currently many analysts are betting on a quarter point hike from ECB, due to slowing inflation as well as a stable outlook in the 20-nation currency club
A day ahead of the ECB's announcement, the US Federal Reserve is set to unveil its latest rate decision, with traders expecting another quarter point hike
China’s manufacturing declines in April as recovery challenges loom
Its economy grew 4.5 percent in the first three months of the year as the country reopened after dropping strict...Its PMI dropped to 49.2 in April from 51.9 in March, and below the 50-point mark that separates expansion and contraction in activity, data from NBS showed
The March reading was the highest since May 2011, as the country saw a surge in demand for travel, entertainment and other leisure services unavailable for nearly three years
Gaza merchants sulk over tax hike as poverty bites hard in enclave
A split between Hamas and the PA, which administers the Israeli-occupied West Bank, often leads to disputes over taxation and...According to the Palestinian Central Bureau of Statistics and the IMF, the poverty rate has reached 53 percent and unemployment has hit 45 percent
Nahed al-Souda, secretary of the clothes traders' syndicate, said a compromise was eventually reached, allowing for the tax-free importation of 600,000 pairs of jeans
UAE keen to expand ties with Uzbekistan beyond clean energy: Al Mazrouei
Suhail bin Mohammed Mazrouei, Minister of Energy and Infrastructure, said the UAE was keen to widen ties with Uzbekistan in...Al Mazrouei maintained that the UAE will continue to help Uzbekistan in achieving economic and investment goals
President Mirziyoyev of Uzbekistan praised the UAE for supporting the Central Asian nation in its quest for growth and development
Iran-EU trade posts 9.2% drop to US$847mn in first two months of 2023
Tehran, Iran--Iran and the European Union traded $847 million worth of goods during the first two months of 2023, registering...Eurostat data shows Germany was the top trading partner of Iran in the EU region during the period, as the two countries exchanged $279 million worth of goods
The Islamic Republic exports to the EU jumped to $1.08 billion in 2022 as against $904 million in the same period of last year
AI key to global opportunities, practical solutions
"Projections indicate that AI solutions are set to contribute an estimated $13 trillion to the global GDP by 2030, optimizing...Key research projects at MBZUAI focus on sustainable environment, infrastructure, healthcare, education, and large language models, says an official
AI has the potential to contribute to the UAE's net-zero strategic initiative by reducing greenhouse gas emissions and advancing climate progress
Jordan’s exports to EU nations in January,  February 2023 rose to US$87m
AMMAN, JORDAN - Value of Jordanian exports to European Union countries increased during January-February period of 2023, by 108.5 percent...Jordan's imports from the EU nations in January, February 2023 rose to reach US$671 million.
Trade exchange between Jordan and EU countries in January, February 2023 amounted to about US$758 million.
Jordan-US trade soars to US$745mn in first two months of 2023
Amman, Jordan--The volume of trade exchange between Jordan and the US shot up in January and February 2023 to $745...The Department of Statistics said in a statement that the vaule of exports from Jordan to the US shot up to $392 million in the first two months of 2023, a 28.2 percent jump
Imports from the US to Jordan also increased during the first two months of the year to $353 million, a 38.2 percent jump, as against $255 million for the same period of last year
