Egypt's central bank on Thursday announced that it was lowering interest rates for the first time since 2020, days after...
London, United Kingdom -- Why do investors flock to gold when economic times turn tough? As the precious metal reaches...
Dubai, UAE - Al Ansari Financial Services on Monday announced it has set the final offer price for its IPO...The Global Offering attracted considerable demand from both the Qualified Investor Offering and the UAE Retail Offer
The Qualified Investor Offering saw strong demand from both international and regional investors
Ankara,Turkey - Turkish Foreign Minister Mevlut Cavusoglu discussed during a phone call with UN Secretary-General Antonio Guterres the deal to...Last week Turkey announced the extension of the deal that has allowed exports of Ukrainian grain to resume following Russia's invasion
Russia said it had agreed to a 60-day extension, while Ukraine's infrastructure minister said the deal had been extended for 120 days
It will buy "all loans and deposits" from Silicon Valley Bank, whose fall this month set off global fears about...US regulators, in the wake of SVB fall, created Silicon Valley Bridge Bank, which will be taken over by First CItizens from Monday
On Sunday, the Federal Deposit Insurance Corporation said the transaction cover US$119 billion in deposits and US$72 billion in assets
Amman, Jordan--Standard Chartered has decided to sell its Jordanian business to Arab Jordan Investment Bank (AJIB), according to both the...The emerging markets-focused lender intends to exit seven markets in Africa and the Middle East
The bank wants to focus on faster-growing markets in the region, such as Saudi Arabia and Egypt
The company's profit vaulted 157% to US$147m in 2022.The company's revenue jumped from $2.10 billion in 2021 to $2.40 billion in 2022, propelled by growth in business-to-business, 5G and other revenue streams
The telecom operator invested $244 million in 2022 in order to develop the quality of services provided to its clients
"It appears that the Fed has not learned from the mistakes of the 1980s. Throughout much of the 1970s, the...If the US Federal Reserve had implemented an increase of more than 25 basis points, it could have triggered further instability
The Fed must learn from the past mistakes and proceed with caution to avoid financial instability, says deVere CEO Nigel Green
The customs deal is viewed as the concluding phase of a free trade agreement following the normalization of relations between...The Israeli foreign ministry in a statement said the free trade deal would see customs duties "lowered or cancelled on approximately 96 percent of goods"
Last year trade between the UAE and Israel touch $2.5 billion, excluding software and services, making the Gulf country Israel's 16th largest trading partner
DUBAI, UAE - MD & CEO of the Dubai Electricity and Water Authority (DEWA) Saeed Mohammed Al Tayer discussed consolidating...DEWA’s current capacity has reached 490 Million Imperial Gallons per Day of desalinated water.
DEWA is also working to increase the capacity of the transmission and distribution networks.
DUBAI, UAE – UAE Minister of Climate Change and Environment Mariam bint Mohammed Almheiri emphasized the importance of collaboration, data...The UAE is on track to reduce total water consumption of its food sector by over 15 percent despite doubling production by 2030.
The UAE’s national plan - the Water Security Strategy 2036 - ensures that programs are implemented on the supply and demand side.
Even with a better outlook for 2024, global growth will remain well below its historic average of 3.8 percent, she...Policymakers have acted decisively in response to financial stability risks, and advanced economy central banks have enhanced the provision of U.S. dollar liquidity, she said.
IMF research shows that productivity-enhancing reforms in China could lift real GDP by as much as 2.5 percent by 2027, and by around 18 percent by 2037.
