The 22-nation group began a series of cuts in 2022 to prop up crude prices, but Saudi Arabia, Russia and...
Morocco on Monday signed deals with an Emirati-Moroccan consortium for energy and water infrastructure projects, which according to one of...
BRUSSELS, BELGIUM - The EU imported US$524 billion (€482 billion) worth of high-tech products from extra-EU countries in 2022 (+22...In 2022, over half of the EU’s high-tech imports from non-EU countries came from China (US$199 billion) and the United States (US$99 billion).
The most significant category of high-tech products imported from non-EU countries was electronics-telecommunications (US$219 billion).
ABU DHABI, UAE - Emirates Development Bank (EDB) displayed its flexible and customized financing solutions in the Annual Investment Meeting,...The Bank offers financing solutions with flexible terms for industrial companies and projects with high developmental impact.
Financing options include capex financing, advanced technology adoption financing, renewable and energy efficiency financing.
ABU DHABI, UAE- Oman and Etihad Rail Company signed an agreement with Vale, one of the world’s largest mining companies,...The deal says both parties will work to develop integrated logistics solutions that connect Vale’s industrial complex in Sohar Port and Freezone.
Ahmed Al Musawa Al Hashemi, CEO of the Oman and Etihad Rail Company, and Rogerio Nogueira, official at Vale signed the deal.
One of Vietnam's largest shoe manufacturers for brands such as Nike and Adidas will cut thousands of workers at the...PouYuen Vietnam told local authorities it would lay off almost 6,000 workers with permanent contracts from the end of next month.
"This will be the biggest layoff since PouYuen started its operation in Ho Chi Minh City in 1996," the state media outlet said.
- Amman, Jordan - Jordan's trade exchanges with the Association of Southeast Asian Nations (ASEAN) surged by 42% in 2022 compared...
The kingdom's trade exchanges with ASEAN reached $1.8 billion in 2022, up from $1.3 billion in 2021
Jordan's national exports to ASEAN countries amounted to $279 million and re-exports were valued at $17,000
DUBAI, UAE - The UAE presented its legislative ecosystem - which regulates the local labor market, provides social security and...Several UAE federal, local government entities and civil society organizations were part of the delegation.
The new labor legislations include provisions that prohibit discrimination on all grounds as defined in international conventions.
- Riyadh, Saudi Arabia-- Saudi Arabia and Iran have discussed ways to strengthen the ties between the two countries in a...
The Iranian minister described the expansion of the Saudi-Iranian relations as a "win-win" development
The two ministers met in Jeddah on the sidelines of the Islamic Development Bank Group's conference
- The profit rose to US$22mn on the back of higher revenue.
The company's revenue soared to $240 million, a jump of 12.7 percent, and EBITDA went up to $43 million, an increase of 21 percent
It is looking to make additions to its capacity for tiles, sanitaryware and tableware division in the United Arab Emirates
Niigata, Japan - The G7 plans to launch a partnership scheme to diversify supply chains this year, ministers from the group...The ministers did not directly mention efforts to reduce reliance on trade with China or Russia as motivation for the new framework
In a joint statement, they said they hoped to launch the partnership in collaboration with the World Bank "by the end of this year at the latest."
- Speaking at a CII event in New Delhi, Abdulla Bin Damithan, CEO & Managing Director, DP World UAE & Jafza...
Trade between the UAE and India has shot up to $84 billion in 2022, from $68 billion the year before, recording a 23 percent jump
Indian companies are the second largest partners in the free zone in terms of trade volume and fourth in terms of trade value
