Situation in Red Sea has a limited impact on food exports so far, says FAO
ROME, ITALY – The situation in the Red Sea has not yet been reflected in the pace of prices for...Economy Global
Chinese leaders seek ways to boost economy in key event
Beijing, China - China's leaders on Monday wrapped up a week-long key conclave at which they admitted more was needed to...Economy
Saving deposits in UAE banks rose to $67bn in 2022: CBUAE
Abu Dhabi, UAE - Saving deposits in the UAE banking system, excluding interbank deposits, increased to AED245.867 billion ($67 billion)...Rise in savings deposits represents a YoY growth of $1.08 billion or 1.7 percent, from about $66 billion in November 2021
Demand deposits grew to $246 billion by the end of December last year, a YoY growth of 7 percent from $145 billion in 2021
UAE, Turkey sign free trade deal in sign of warming ties
Pushing aside their differences in relations strained by regional disputes, the oil-rich United Arab Emirates and Turkey signed a free...Turkey and the UAE have backed opposing sides in regional conflicts and have sparred over issues including gas exploration in the eastern Mediterranean
Early last year, Erdogan made his first visit to the UAE in nearly a decade and called on business leaders to invest in his country
Iraq issues arrest warrants in ‘heist of the century’
The warrants do not name any of the officials, but according to the official, they are former finance minister Ali...An investigating judge in Baghdad has "issued arrest warrants for four senior officials of the former government."
The four men include a former finance minister and staff members of former prime minister Mustafa al-Kadhemi
Proactive govt policies, high rates, slow global growth to lower impact of inflation in Gulf region
The GCC countries are likely to benefit from the relative stability in their financial covers due to high oil prices...The GCC countries are likely to benefit from the relative stability in their financial covers due to high oil prices and strong energy exports in 2022, reports suggest
Inflation in the GCC averaged at around 4 percent mark and showed a downward trend for most countries in the region during the second half of 2022, they add
Apple to produce iPhones in India
The proposed factory will be spread over 300 acres."Apple phones to be built in the state soon," Karnataka state chief minister Basavaraj S Bommai tweeted on Friday
"Apart from creating about 100,000 jobs, it will create a whole lot of opportunities for Karnataka," he added
VW 2022 net profit at $16.7bn
Firm booked profit despite supply chain disruptions.German automaker Volkswagen on Friday said it booked a higher profit in 2022 despite supply chain disruptions and increased costs.
The group expects vehicle deliveries to rise to around 9.5 million this year, from 8.3 million in 2022.
UAE ministry hosts WHO’s regional expert meet on healthy diet policies
DUBAI, UAE - UAE Ministry of Health and Prevention (MoHAP) hosted a regional expert meeting on healthy diet policies in...The meeting aimed to discuss recent developments in healthy diet policies, with a special emphasis on the UAE and GCC countries
Senior officials and experts from the UAE's health and related sectors, as well as representatives from the GCC states, attended the meeting
DEWA’s R&D Center registers 8th patent for geographical areas survey device
DUBAI, UAE - Dubai Electricity and Water Authority's (DEWA) Research and Development Center has obtained its eighth patent for a...The device employs real-time kinematic processing techniques to process data collected on-site.
It works with a smart device developed by the R&D Center, which uses a smart app to read the updated coordinates in seconds.
UAE passport ranked most powerful in the world
With a score of 110.50, it jumped straight from 35th place last year to the top of the list.ÂWith a score of 110.50, it jumped straight from 35th place last year to the top of the list
This is mainly due to the recent changes allowing foreigners to apply for dual citizenship
Trade leadership helps UAE emerge as a soft power
“Trade has had an indelible impact on our soft power. Located at a strategic global crossroads, the UAE is one...The UAE is a global gateway that believes in collaboration, cooperation and knowledge exchange as the main factors for economic and social growth, says a key minister
The Gulf country continues to advocate for open, rules-based trade as a means of catalysing inclusive and broad-based growth, adds Dr Thani bin Ahmed Al Zeyoudi
