Beirut, Lebanon -- Lebanon's parliament on Thursday approved amendments to banking secrecy legislation, a key reform demanded by the International...
China on Monday hit out at other countries making trade deals with the United States at Beijing's expense, promising countermeasures...
Four out of nine ongoing megaprojects worldwide, with costs exceeding $100 billion each, are concentrated in the Arab Gulf States,...Four out of nine ongoing megaprojects worldwide, with costs exceeding $100 billion each, are concentrated in the Arab Gulf States, a latest report highlights
The first construction megaproject with a cost exceeding $1 trillion is expected to emerge by the end of the decade, the latest 1Build report points out
The International Energy Agency (IEA) said the rapid electrification of road transportation will have big implications for the energy industry as...In its annual report on electric vehicles, the IEA said it expects annual sales to rise 35 percent this year to reach 14 million.
The IEA said the overwhelming majority of electric car sales are concentrated in three markets: China, Europe and the United States.
New Delhi, India--India is looking to connect its power grid with Saudi Arabia and the UAE by way of undersea...The agreements between India and Saudi Arabia and the UAE are expected to be signed once the Indian cabinet ratifies the decision
In January this year, India and the UAE said they will conduct a feasibility study to link up their power grids through underwater cables
Manama, Bahrain - Bahrain has reported a 4.09 percent increase in its real GDP in the fourth quarter of 2022...The high-achieving sectors include the financial corporations sector which grew by 8.22 percent and the trade sector, which increased by 6.57 percent
With 18.57 percent of the GDP, the financial corporations sector contributed the most to Bahrain's economy, followed by the crude oil and natural gas sectors
Amman, Jordan - Jordan has urged the international community to provide urgent financial support to the United Nations Relief and...The call was made by Jordanian Foreign Minister Ayman Safadi during his meeting with UNRWA Commissioner-General Philippe Lazzarini in Jordan on Tuesday
They discussed efforts to bridge the financial deficit and ensure that the agency can continue to provide education, and relief aid to Palestinian refugees
The Gulf country has introduced several initiatives to support and promote international economic partnerships, including the comprehensive economic partnership agreements...The UAE aims to promote global economic cooperation and enhance openness to the world, says its Economy Minister Abdullah Bin Touq Al Marri
The Gulf country focuses on creating investment opportunities in new economy sectors and supporting sustainable supply chains, the minister adds
While 67 deals totaling $247 million in funding were reported in March 2023, the total capital raised in Q1 2023...While 67 deals totaling $247 million in funding were reported in March 2023, the capital raised in Q1 2023 surpassed $1.1bn, marking a 17% rise over the last quarter
The financial technology industry emerged as the most attractive sector, receiving 73% of venture capital activity, highlights Wamda's March report
Abu Dhabi, UAE— More than 20,000 people visited the 20th edition of Abu Dhabi Festival in the first twenty days...Over 20,000 visitors attended the festival in March that saw nine performances by different artists, composers, and musicians
The local Emirati singer and rising star Rashed Al Nuaimi gave a performance during the festival’s opening night
US consumer confidence fell more than many predicted in April, fueled by a deterioration in expectations among Americans over 55...The consumer confidence index fell in April to 101.3, down from a revised 104.0 in March, the Conference Board said in a statement.
New home sales in the United States defied expectations to hit a one-year high in March, the Commerce Department said.
- ABU DHABI, UAE - The Abu Dhabi Department of Economic Development (ADDED) and Wio Bank announced on Tuesday that would...
In less than 48 hours, Wio will help set up corporate accounts for SMEs licensed by ADDED and provide an up-to-date view of their financials.
Wio will work with Abu Dhabi Residents Office, Abu Dhabi SME Hub, and TAMM, Abu Dhabi Government Services, to extend banking and business services.
