"Growth is still projected to increase in 2025 and 2026, but at a considerably slower pace than anticipated last October,"...
Beijing, China - President Xi Jinping said China must "overcome" the challenges of developing core AI technologies including high-end chips,...
To prevent a damaging oil spill in the Red Sea, the UN Development Programme in March took the unprecedented step...Hayel Saeed Anam Group, which in August contributed $1.2 million to UN clean-up campaign, made the appeal hours before a virtual donor conference hosted by Britain and Netherlands
The Safer's 1.1 million barrels contain four times as much oil as that spilled in the 1989 Exxon Valdez disaster off Alaska, one of the world's worst ecological catastrophes
Abu Dhabi, UAE--The property market in Abu Dhabi has recorded 5,472 property sales and mortgages valued at US$7.62 billion in...The emirate recorded a 147 percent jump in the value of real estate transactions during the first quarter of 2023 compared to the same period of last year
The Department of Municipalities and Transport has reported an increase in the value of mortgage transactions to $3.18 billion during the first quarter
Abu Dhabi, UAE--Looking to boost tourism and cultural exchange between the two countries, the Department of Culture and Tourism Abu...The deal will bolster tourism and economic cooperation between the two nations, driving growth in leisure traffic in key markets
The partnership entails starting initiatives like joint sales workshops, training, roadshows to improve partner engagements and cultural exchange
"These proactive efforts play a vital role in protecting the country's digital sphere and ensuring a secure environment for critical...The UAE Cyber Security Council collaborates with partners to deter over 50,000 cyberattacks daily targeting critical national sectors, says its head
Banking, financial, health, oil, and gas sectors are frequently targeted, but attacks are efficiently countered to safeguard the UAE's digital sphere
- The regional apex banks -- including the CBUAE, SAMA, CBB, and QCB -- have raised rates by 25bps in response...
The regional apex banks -- including the CBUAE, SAMA, CBB, and QCB -- have raised rates by 25bps in response to the US Fed's decision to increase its benchmark lending rate
Saudi Arabia's SAMA has increased its Repo rate to 5.75% and Reverse Repo to 5.25%, while the CBUAE has raised its ODF from 4.90% to 5.15%, effective from May 4, 2023
The company delivered 127 aircraft in Q1 of 2023.Revenues generated by Airbus' commercial aircraft activities decreased by five percent year-on-year.
The company's defense and space unit saw revenues drop by six percent, while the helicopter unit jumped by 26 percent.
Revenue is due to demand for fixed, mobile services.The prepaid customer base of EITC increased to 6.7 million, driven by the continued attractiveness of Flexi plans and brisk tourism activity.
EITC's commercial initiatives led to a 9.4 percent increase in mobile customers, with 8.2 million subscribers at the end of the quarter.
- The United Nations called for security guarantees at "the highest level" to ensure aid deliveries in Sudan, after trucks carrying...
UN's top humanitarian official said the global body had a plan for delivering aid and supplies to address the dire situation in Sudan.
UN's top humanitarian official said, "We will need to have agreement at the highest level and very publicly".
Oil exporters are set to experience slower growth due to a shift from oil to nonhydrocarbon activities, says Jihad Azour,...Oil exporters are set to experience slower growth due to a shift from oil to nonhydrocarbon activities, says Jihad Azour, Director of IMF's Middle East and Central Asia Department
Growth in the region's emerging markets is also expected to fall from 5.1% in 2022 to 3.4% in 2023 due to tighter monetary and fiscal policies, suggests the latest IMF report
- PARIS, FRANCE - Some 258 million people needed emergency food aid last year because of conflict, economic shocks and climate disasters,...
In 2022, 258 million people faced high levels of acute food insecurity in 58 countries or territories, a UN report said.
Over 40 percent of those lived in Democratic Republic of the Congo, Ethiopia, Afghanistan, Nigeria and Yemen, the report added.
