Oil prices slumped on Monday after eight OPEC+ members announced a sharp increase in production, while Asian stocks treaded water...
- The Franklin Templeton Emerging Markets Equity outlook emphasizes how GCC countries have reduced their dependence on oil and gas, opened...
Dubai, UAE: The economic potential of the Middle East-China trade corridor was the focus of discussion at an exclusive International...HSBC hosted Chinese ambassador to the UAE Zhang Yiming and a senior delegation from the UAE China Business Council
Trade between China and the UAE reached a record high of $99.27 billion in 2022, marking an annual increase of 37.4%
Cairo, Egypt--Egypt's annual urban consumer inflation in April dipped to 30.6% from 32.7% in March, data from the state statistics...Following a series of currency devaluations since March 2022, inflation in the North African country has gone up, fueled by shortage of foreign currency
According to Moody's, the slow implementation of its asset sale plan hobbles the country's foreign exchange liquidity and weakens trust in its currency
Abu Dhabi, UAE-- The UAE's gross domestic product (GDP) is estimated to have grown 7.6 percent in 2022, shored up...The bank said that in spite of the rise in global inflation, the UAE's remained below the average rate of 4.8 percent, with a decline expected in 2023
The report noted the bank's efforts to ramp up monetary stability, improve financial sector's resilience, and support economic activity in the UAE
Its net profit fell 7 percent to US$50 million in Q1 of 2023.Its revenue also plunged to $122 million in Q1 as against $140 million in the same period of last year
The company attributed the decline in revenue and net profit to a fall in energy prices from high levels
Its transformative power to reshape life has left people awestruck across the world, but the technology that powers ChatGPT might...According to a Goldman Sachs economist, more than 65 percent of occupations will be partially or fully automated in the coming years
Critics of generative artificial intelligence that powers chatbots argue that it can never be able to replace the genius of human mind
Rabat, Morocco: Morocco and the United Kingdom signed on Tuesday a Strategic Framework for Cooperation on climate action, clean energy...The agreement aims to facilitate Morocco’s accelerated transition from fossil fuels to clean and affordable energy
It also aims at the systemic integration of climate action into government and private sector planning and action
The Kingdom holds 323.1 tons of gold, accounting for 21.4% of the total yellow metal held by central banks in...The Kingdom holds 323.1 tons of gold, accounting for 21.4% of the total yellow metal held by central banks in the Arab countries. Qatar, UAE and Kuwait are also regional leaders
Saudi Arabia and Oman have the majority of the natural gold mines in the GCC region. Saudi gold ore production, meanwhile, stood at around 430,000 ounces in 2022
Dubai, UAE - A delegation of Palestinian business executives including 21 start-up representatives visited Dubai Chamber of Digital Economy. It...The event included demonstration of key steps to set up a digital-first business in Dubai, and trade opportunities with Dubai companies.
Participants at the event included Hashim Shawa, Chairman of Bank of Palestine Group, and; Linda Tarzi, Board Member at Bank of Palestine Group.
Tehran, Iran-- Oman is keen to improve the military and defense ties with Iran in order to ensure the security...Sultan of Oman underscored the importance of developing military and defense industry cooperation between the two countries
The visiting Iranian Major General Mohammad Bagheri termed Tehran-Muscat relations as stable and positive
The firm's net profit soared to US$27.14mn in Q1 of 2023.The insurance company's total revenue took a dive to $273 million in Q1 of 2023 from $300 million for the same period in 2022
Its net income from investment however shot up 94.0% to $12.60 million compared to $6.50 million for the same period in 2022
