Senior US and Chinese officials are in Switzerland this weekend for talks aimed at de-escalating a burgeoning trade war sparked...
- Saudi Arabia, along with Russia and six other members of the oil cartel, will implement a production adjustment of 411,000...
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.
- Dubai, UAE - Dubai Electricity and Water Authority (DEWA) has signed a sponsorship agreement with the Roads and Transport Authority...
RTA will be the Platinum Sponsor of the World Green Economy Summit for three sessions from 2023-2025.
The World Green Economy Summit plays a fundamental role in supporting the UAE’s outstanding efforts in climate action, said DEWA chief.
- Heart disease, cancer medicines helped enhance revenue.
Novartis said that its operating profit would likely increase in the high single-digits this year.
The group would prioritize "high-value" medicines" across five core areas to drive its productivity.
