The UAE climbed from 17th to 11th globally in merchandise exports and from 18th to 14th in imports between 2021...
The Saudi-led oil cartel said in a monthly report that it now expects demand to grow by 1.3 million barrels...
Move after GSK demerged its consumer healthcare unit.GSK has agreed to buy Quebec-based biopharmaceutical Bellus Health Inc. for $14.75 per share, the British drugmaker said in a statement.
Chronic cough is defined as a persistent cough that lasts more than eight weeks and affects an estimated 28 million people worldwide.
- Firm announced that it would slash 8,500 jobs worldwide.
Ericsson said it expects customers "to remain cautious" with investments and continue to adjust their inventories in the second quarter.
Sales rose 14 percent but were flat when adjusting figures to take currency exchanges and other parameters into account.
Tokyo, Japan--Abu Dhabi National Oil Company has signed two agreements with Japanese partners to strengthen the low-carbon hydrogen value chain between...One of the agreements, with Kawasaki, aims to explore the production, liquefaction, and transportation of hydrogen to key global markets
The deal comes as countries around the world ramp up efforts to reduce carbon emissions and meet the goals of the Paris climate agreement
Rabat has pledged that prices will soon fall, and announced several initiatives to tackle market speculation, but government spokesman Mustapha...Official figures from February put year-on-year inflation in the North African country at just over 10 percent - a figure that also included a 20 percent jump in food prices
In March, the central bank of Morocco raised interest rates to 3 percent in an attempt to curb inflation which is impacting low-income and vulnerable households
Dubai, UAE -- The World Bank and Jordan have signed two financing agreements worth $650 million for the programs of...The first agreement includes additional financing of $ 400 million for the program of inclusive, transparent and climate-responsive investments.
The second agreement worth $250 million includes financing the program to enhance the efficiency of the electricity sector.
- Beijing, China--China's economy grew much better than expected in the first three months of the year as the country reopened after...
Chinese people, after years of travel restrictions and quarantines, have finally returned in recent months to restaurants and begun to move around more freely
There was more growth expected in April to June as China heads into another quarter in the sweet spot, according to Ting Lu, Chief China Economist at Nomura
Riyadh, Saudi Arabia--ACWA Power will construct a 1,000 megawatt solar power plant in Iraq, the first clean energy project in...The joint venture project, according to Iraqi minister, will be developed in Central Iraq’s Najaf city, around 160 km south of the capital
In 2021, Iraq signed a contract with PowerChina to build 2,000 MW solar plants in the nation to fulfill its growing demand for electricity
Dubai, UAE - The US dollar could record some gains as markets increasingly see a higher probability that the Federal...The constant surprises in US economic data during the last few weeks have focused traders’ attention on the US currency, Wael Makarem, Senior Market Strategist, MENA at Exhe added
The Japanese yen, Makarem said, could see more weakness against the dollar in the near term with the Bank of Japan maintaining its accommodating monetary policy
Net profit reported by the companies jumped to a record high of US$ 273.3 billion in 2022, compared to US$...Net profit reported by the companies jumped to a record high of US$ 273.3 billion in 2022, compared to US$ 199.0 billion in 2021
The energy sector alone witnessed US$ 74.2 billion, or 37.3 percent growth, mainly on the back of a steep jump in profits led by Aramco
- PARIS, FRANCE - Air France and plane manufacturer Airbus were acquitted Monday over the 2009 crash of a Rio-Paris flight after...
The two companies went on trial in October to determine their responsibility for the worst aviation disaster in Air France's history.
If convicted, Air France, Airbus would have risked a fine of US$250,000 as well as significant reputational damage.
