China sets ambitious 5 percent growth target for 2024
Premier Li Qiang formally announced the growth objective, alongside the overall budget and key government policies for 2024, at China's...Economy
Turkey’s inflation rises to 67.1% in February
On a monthly basis, inflation rose 4.5 percent in February, slower than the 6.7 percent rise logged in January. Erdogan...Economy
ASML posts yearly profit of $6.1bn
The profit in year 2022 is 4.4 percent lower than in 2021.The maker of lithography machines that print microchips, said it expects strong growth for 2023, with net sales rising more than 25 percent.
The United States restricted exports of semiconductor technology to China last year and wants the Netherlands and Japan to follow suit.
MENA IPO Summit discusses ‘regulatory structure for capital markets’
Dubai, UAE-- On the second day of the MENA IPO Summit Dubai 2023, many experts called for the creation of...The summit, held at the Museum of the Future, aims to mobilize the various players of the initial public offering (IPO) value chain by providing a platform for dialogue
Investment experts and companies also discussed environmental, social and governance (ESG) practices
India-UAE partnership summit calls for economic partnerships to drive development plans
India’s Minister of Commerce and Industry Piyush Goyal highlighted the various prospects of cooperation including leveraging UAE and India’s startup...India’s Minister of Commerce and Industry Piyush Goyal highlighted the various prospects of cooperation including the rupee-dirham trade, and India’s startup ecosystems
President and CEO of Dubai Chambers Mohammad Ali Rashid Lootah revealed that the number of new Indian companies that joined Dubai Chamber of Commerce in 2022 exceeded 11,000
GCC leads from the front as MENA’s digital economy moves toward $500bn mark on the back of ecommerce
Non-Gulf countries' contributions to the digital economy in the region will increase to more than 35 percent during this time,...Non-Gulf countries' contributions to the digital economy in the region will increase to more than 35 percent during this time, says a latest report.
The region's digital economy will grow from around US$100 billion in 2022 to US$500 billion in 2030, adds the report by RedSeer Strategic Consulting
DEWA is an organizing partner in Dubai International Project Management Forum 2023
DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) announced that it is participating in the 8th Dubai International Project...On the second day of the DIPMF, Saeed Mohammed Al Tayer, MD and CEO of DEWA, will participate in a panel discussion.
DEWA will present practices and experiences implemented in Dubai, which has become a global benchmark for best practices.
Twitter sued over ‘unpaid rent’ on London office
Twitter's British landlord said it is taking the social media to court for not paying rent on its London offices....Elon Musk, the billionaire CEO of Tesla and SpaceX, bought Twitter for US$44 billion in October 2022.
Musk sacked half of the staff and reportedly stopped paying rent for office space to try to raise funds after taking on massive debt to buy the firm.
DEWA launches plan for fast approval of electricity connections Â
DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) launched the 'OWNEK' awareness initiative to help its accredited contractors and...The OWNEK initiative will save the contractors and consultants time and effort and speed up the workflow.
The initiative includes a series of awareness sessions and detailed videos in Arabic and English.
ADAFSA’s Auwn Program wins Global Business Excellence Award
ABU DHABI, UAE - Abu Dhabi Agriculture & Food Safety Authority (ADAFSA) has just been announced as the winner of...Auwn Community Program assisted in accomplishing ADAFSA's Corporate Social Responsibility goals by implementing several community initiatives.
These include blood donation drives, support for people of determination and cancer patients, community and environmental development initiatives.
RAK first in world to achieve 19 ISO 50001 certifications
Ras Al Khaimah, UAE -- The government of Ras Al Khaimah became the first in the world to achieve the...The accomplishment was announced at the World Future Energy Summit 2023, held as part of Abu Dhabi Sustainability Week (ADSW).
A comprehensive retrofit of government buildings was carried out between 2018 and 2022, through energy performance contracting.
Bahrain exports $2.98bn worth of products during Q4 2022
The value of imports rose by 0.3 percent, reaching $3.75 billion during the quarter compared to $3.72 billion in Q4...The value of imports rose by 0.3 percent, reaching $3.75 billion during the quarter compared to $3.72 billion in Q4 2021
The top 10 countries accounted for 69 percent of the value of imports, while the remaining countries 31 percent
