A greener globe requires a greener industry, says Chinese industry leader
Beijing, China-- A greener globe requires a greener energy industry, which could definitely be represented by new quality productive forces...Economy
Saudi Arabia to expand customs duty exemption for some industrial products from April 1
Riyadh, Saudi Arabia - The Saudi Ministry of Industry and Mineral Resources has unveiled plans to broaden the range of...Economy
UAE, India mark first anniversary of signing CEPA with series of events
DUBAI, UAE - Minister of State for Foreign Trade Dr. Thani bin Ahmed Al Zeyoudi has marked the first anniversary...The Federation of Indian Chambers of Commerce and Industry is on a four-day visit to the UAE to mark the signing of CEPA.
The FICCI delegation comprises over 100 exporters, start-ups and business owners.
Ukraine and IMF reach deal paving way for ‘full-fledged’ loan
Washington, United States--The IMF said Friday it has reached a staff-level agreement with Ukrainian authorities that opens doors to a full-fledged...The government submitted a package of draft tax laws to Parliament aimed at lifting revenues, and is taking steps to address arrears, among other efforts
Apart from the IMF's work with Ukraine, the World Bank has also mobilized over $18 billion in emergency financing for the country
UAE trade minister meets US Jewish delegation to discuss relations
Al Zeyoudi highlighted the long-standing strategic relations between the UAE and the US, noting that their economic and trade exchanges...Al Zeyoudi highlighted the long-standing strategic relations between the UAE and the US, noting that their economic and trade exchanges are witnessing significant growth
The two sides also discussed the prospects of boosting their partnership and exchanging expertise, and ways of maintaining peace and promoting the values of social tolerance
Tunisian footballer reaches Italy on migrant boat, says club
TUNIS, TUNISIA - A goalkeeper at a top-flight Tunisian football club has reached Italy as a clandestine migrant, his club said...Tunisia is struggling with a grinding economic crisis that has seen a growing wave of clandestine migration attempts in recent months.
Rome says over 32,000 migrants, including 18,000 Tunisians, reached Italy from Tunisia last year.
UAB 2022 net profit at US$42m
Total operating income rose 11% in 2022 compared to 2021.UAB is focused on positioning itself as the partner of choice among major corporate clientele segments.
The bank's CEO said that their focus will remain on the delivery of an enhanced customer experience.
Hermes 2022 net profit $3.6bn
Fashion house posted huge earnings despite inflation.Sales rose 29 percent to US$12.3 billion at current exchange rates.
Hermes said its sales rose by 30.7 percent in the Asia-Pacific region, excluding Japan, in the last three months of 2022.
Saudi transport authority signs largest bus transport project
Riyadh, Saudi Arabia---Saudi Arabia's Transport General Authority has signed the largest project for transporting passengers by buses through a network...The network, which involved major global alliances, will cover more than 200 cities and governorates.
The network is expected to serve more than 6 million passengers annually through 76 routes, with a new fleet of buses equipped with the latest technologies.
DEWA,  France’s satellite operator Eutelsat discuss cooperation
DUBAI, UAE - MD and CEO of Dubai Electricity and Water Authority (DEWA) Saeed Mohammed Al Tayer spoke of the...DEWA CEO highlighted organization’s key initiatives and projects to promote sustainability, renewable and clean energy, and energy efficiency.
These include DEWA’s space program (Space D) which supports the National Space Strategy 2030.
External players give tough race to UAE’s e-commerce
The external e-commerce players, projected to grow by 19.2 percent from 2022 to 2026, are expected to capture a share...The external players, projected to grow by 19.2 percent from 2022 to 2026, are expected to capture a share of 34 percent of the total online shopping in the UAE.
The size of the UAE e-commerce sector will reach US$ 9.2bn by 2026, growing at a compound annual growth rate of 12.6 percent, says Dubai Chamber of Commerce
Centrica 2022 profit US$4bn Â
Firm's profit rose due to gas and crude oil prices spike.Britain's government of Prime Minister Rishi Sunak is temporarily subsidizing electricity and gas bills this winter.
Centrica expanded its stock buyback scheme to hand another $360 million to shareholders.
