Saudi stock market hits 12,500 points, highest since August 2020
Riyadh, Saudi Arabia - The Saudi Stock Market's general index (TASI) surged past the 12,500-point milestone on Sunday, reaching its...Economy
35 Jordanian companies to participate in Gulfood 2024 in Dubai
AMMAN, JORDAN – A total of 35 Jordanian companies are taking part in Gulfood 2024, the world's largest annual food...Business Economy
Nord Stream probe tailored against Russia, says Kremlin
The Kremlin said that the investigation into the explosions that tore through the Nord Stream gas pipelines was being 'tailored'...Russia has accused Western countries of being behind the explosions of the pipelines.
Russia had earlier expressed bewilderment over its exclusion from an investigation into the incident.
CBUAE issues commemorative coins on Tawazun’s 30th anniversary
The Central Bank of the UAE (CBUAE) in collaboration with the Tawazun Economic Council (Tawazun), has issued 1,000 silver commemorative...Tawazun was established in 1992 to create, build and manage industrial relationships.
The issuance of the commemorative coins aims to highlight the vital role of Tawazun.
Foxconn of Taiwan unveils more electric vehicle prototypes
The Taiwanese tech giant Foxconn has moved to diversify beyond electronics assembly and embraced the competitive but rapidly expanding EV...The world's largest contract electronics maker, Foxconn already plays a lynchpin role in assembling gadgets for a host of top international brands including Apple's iPhones
Foxconn has also started building electric vehicles for Lordstown Motors after completing its purchase of a former General Motors plant in Lordstown, Ohio in May
Saudi economy is the fastest growing among G-20 in 2022: report
The announcement comes after the IMF affirmed that the Kingdom's economic prospects are positive in the short and medium term.The announcement comes after the IMF affirmed that the Kingdom's economic prospects are positive in the short and medium term
The estimates of the OECD report for the Kingdom contradict the bleak and ambiguous outlook that stems from the Russian-Ukrainian crisis
GCC pivot to Asia to aid Asianization of global economy
The Gulf countries rely heavily on assistance from Asia, particularly China, to modernise their economies and diversify away from oil.The Gulf countries rely heavily on assistance from Asia, particularly China, to modernise their economies and diversify away from oil
GCC's position in supporting Russia in its conflict with Ukraine, Europe, and the US, have raised many problems, but nowhere more so than in Asia
US warns of sanctions over Iran drone ties after Kyiv strikes
State Department spokesman Vedant Patel told reporters that Russia deepening an alliance with Iran is something the whole world, especially...Secretary of State Antony Blinken said the drone strikes showed the need to provide "everything possible" to Ukraine as its forces gain ground against Russian invaders
US officials have previously said that Russia, historically a major arms exporter, is also turning to North Korea while China has rebuffed calls for assistance
Visa-free travel between UAE, Japan starting Nov 1
Holders of UAE passports can stay in Japan for up to 30 days during each visit for the purpose of...Holders of UAE passports can stay in Japan for up to 30 days during each visit for the purpose of tourism or work
The UAE is Japan's tenth largest trading partner in the world and is home to more than 340 Japanese companies operating in various sectors
US officials not invited to Saudi investment forum: organiser
The organizer said he did not want the gathering "to become a political platform". The decision not to invite American...The Future Investment Initiative (FII), a three-day conference set to begin on Oct 25 in Riyadh, typically draws Wall Street titans and high-ranking officials from around the world
Up to 400 American CEOs are expected to participate this year, said Richard Attias, CEO of the group behind the event. It is often referred to as "Davos in the Desert".
France braces for nationwide strike amid fuel shortage
Fuel workers voted to continue stoppages at several refineries run by TotalEnergies, the coordinator for the hard-left CGT union Eric...Leading unions have called for strikes Tuesday in their biggest challenge yet to President Emmanuel Macron
The French government, increasingly impatient with striking workers, said it was forcing key staff back to work
UAE, Chile ink pact to exchange knowledge on energy sector
UAE's Ministry of Energy and Infrastructure signed a Memorandum of Understanding with its counterpart in Chile to exchange knowledge and...Under the agreement UAE and Chile will exchange information, knowledge and expertise, hold high-level meetings to discuss issues.
The two sides will organise relevant academic research and enhance their cooperation in clean and renewable energy.
