Wall Street led a global markets bloodbath Thursday as countries around the world reeled from President Donald Trump's trade war,...
- Trump kept rivals and allies alike guessing about who would be targeted and by how much, but promised to be...
Trade in such goods grew by around four percent in the second half of 2022, with their combined value hitting...Global trade surged to a record $32 trillion in 2022 before reversing course in the second half of the year amid deteriorating economic conditions and swelling uncertainties.
UNCTAD said it expected green industries to boom further as countries scale up their efforts to cut emissions and battle global warming.
The acceptance follows years of turmoil for the company.A consortium led by investment fund Japan Industrial Partners will be taking over Toshiba.
Toshiba produces everything from rice cookers to medical equipment and nuclear plants.
Cairo, Egypt--The World Bank has approved a new $7 billion partnership agreement with Egypt for 2023-2027 with a focus on...According to the World Bank statement, the program will help create a level playing field for the private sector and to encourage investment and improve resilience to shocks
Over the past year, Egypt's economy has been under severe pressure, after the fallout from Russia's invasion of Ukraine exposed underlying problems.
Abu Dhabi, UAE--ADQ has launched a vertical farming project in partnership with ZERO, a technology company based in Italy. Dubbed...It is designed to enhance indoor farming locally and also to explore and push the boundaries of desert-climate farming in the UAE
The joint project draws on the benefits of growing crops in vertical layers, which includes higher yield, shorter growing times and lower water usage
- The central banks of Saudi Arabia, Bahrain and Qatar raised their benchmark borrowing rates after the US Federal Reserve raised...
The Saudi Central Bank, also known as SAMA, raised its repo and reverse repo rates by 25 bps each to 5.5 percent and 5 percent, respectively
The Central Bank of the United Arab Emirates (CBUAE) will raise its base interest rate by 25 basis points to 4.9%, effective Thursday
“We have a short window of opportunity to deliver a system-wide transformation. But if we make the right investments, we...There is a need for accelerated pathways to net zero and critical finance across all pillars, says COP28 President-Designate Dr Sultan bin Ahmed Al Jaber
He also reminds climate ministers of various countries about the approaching Global Stocktake at COP28 and calls for action to keep 1.5C within reach
Companies are spending more on employee salaries and retention, such as increasing insurance premiums and investing in employee benefits, says...Companies are spending more on employee salaries and retention, such as increasing insurance premiums and investing in employee benefits, Brian Habibi of Bayzat tells TRENDS
Although the UAE has remained extremely resilient, the market is not immune to global economic conditions, adds the Co-Founder and Chief Customer Officer of the platform
The ECB president insisted, however, that if the most recent forecasts were confirmed, "we will still have ground to cover...International financial markets went into turmoil after recent crashing of three US lending banks and takeover of Credit Suisse.
The ECB chief Christine Lagarde said that there was "additional uncertainty" when it came to the bank's projections.
A flurry of Chinese companies including Alibaba, JD.com, Netease and TikTok-parent Bytedance have rushed to develop services that can mimic...The popularity of ChatGPT in China - where users have to scale Beijing's internet firewall using VPNs - has left Baidu and others scrambling to regain its dominance on home turf
China has announced ambitious plans to become a global leader in the field of AI by 2030, and McKinsey estimates the sector could add about $600 billion every year in China's GDP
- More than 60 percent of employees worldwide have chosen hybrid work structures, and over 66 percent of UAE employees prefer...
More than 60% of employees worldwide have chosen hybrid work structures, and over 66% of UAE employees prefer to work from home, says an expert
Remote workers face IT challenges that impede productivity, from UCaaS quality concerns to VPN access challenges, adds Gaurav Mohan of NETSCOUT
