COP hosts UAE, Azerbaijan, Brazil pledge stronger climate action
Paris, France--Past and future hosts of the UN climate negotiations the United Arab Emirates, Azerbaijan and Brazil announced Wednesday they would...Economy
Gulf nations transition from oil to solar powerhouses
The Gulf region is embracing the future of energy by investing in polysilicon production, crucial for solar panel manufacturing, with...Economy Energy
Boeing delivers 130 aircraft in Q1
It edged out its rival Airbus by just three aircraft.In order to reach its target of 720 units for the year, Airbus needs to picke up the pace in order to go past the 661 number in 2022
In mid-March Boeing restarted deliveries of its long-haul 787, which were temporarily halted at the end of February by the Federal Aviation Administration
US should be cautious when setting interest-rate policy: Fed official
In the wake of the fall of Silicon Valley Bank, the US Federal Reserve should be cautious in setting interest-rate...Since March last year, the Fed has raised interest rates by almost five percentage points, tightening monetary policy in a bid to dampen demand and slow price increases
The Fed continued with another 25 basis-point hike last month despite the turbulence in the financial markets caused by the rapid collapse of SVB
IMF lowers 2023 forecast to 2.8%, warns of half-decade of low growth
The IMF predicted the global economy will grow by 2.8 percent this year and three percent in 2024, a decline...The IMF expects global inflation to slow to seven percent this year, down from 8.7 percent last year, according to the WEO forecasts.
Close to 90 percent of advanced economies will experience slowing growth this year, while Asia's emerging markets are expected to see a substantial rise in economic output.
UAE and Malta sign MoUs to deepen ties in maritime, sports fields
Abu Dhabi, UAE-- The UAE and Malta have signed three memoranda of understanding in areas of maritime affairs, youth, and...The two ministers discussed ways of deepening cooperation and partnership between the two countries
The foreign minister of Malta expressed hope to build bilateral relations with the UAE in various field while applauding the UAE's achievements
China’s consumer price inflation falls below one percent in March
Struggling to recover from its pandemic-driven slump, China, the world's second largest economy, has reported that its consumer price inflation...According to National Bureau of Statistics, the CPI came in at 0.7 percent, down from the one percent seen a month earlier
Although commodity and food prices have been rising all over the world, China has not been hit by increases linked to the Ukraine war
Swiss president to defend UBS takeover of Credit Suisse in parliament
During this week's session, lawmakers will have to endorse the guarantees, but the vote is only symbolic, said Samuel Bendahan,...The parliamentary session opens at 11:15 am Tuesday with a statement from the government to 46-member Council of States upper house
Centre-right party The Centre thinks the takeover was the least worst option, but it wants clarity on the risks involved in creating a superbank
TRENDS poll: GCC residents opt to be in Dubai for Eid vacation
Most of the participants, in the poll from as far away as Egypt and Lebanon, picked up Dubai to celebrate...Dubai has been attracting young travelers in droves, thanks to its infrastructure, cleanliness, beaches, and high levels of safety
Qatar has seen an influx of tourists, with a record number already being registered in the first two months of the year
Abu Dhabi QCC drives emirate’s infrastructure development in 2022: Report
Abu Dhabi, UAE - Abu Dhabi Quality and Conformity Council (QCC) has made strides in developing the quality infrastructure of...In 2022, the Council approved 26 new technical documents, reviewed 22 draft specifications and technical regulations.
The report said that the council has conducted over 5 million laboratory examinations since 2014, 606 main services and over 2,394 sub-examinations.
DEWA approves payment of US$1.29bn in dividend to shareholders
DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) which is listed on the Dubai Financial Market (DFM) on Monday...DEWA general assembly was chaired by Matar Humaid Al Tayer, Chairman of the Board of Directors of the utility.
Saeed Mohammed Al Tayer, MD and CEO of DEWA and members of the Board of Directors also took part in the meet.
Asian markets mixed as US jobs data hints Fed interest rate hike
The closely watched non-farm payrolls reading on Friday followed a string of figures last week showing the world's top economy...While rates are seen going up, bets are for officials to end their hiking cycle earlier than previously thought.
Oil prices edged down as investors weighed OPEC's decision to cut output by more than a million barrels a day.
