Dubai, UAE - Dubai has been ranked eighth worldwide and first in the Middle East in the Global Power City...
- Dubai’s real estate market has had a record-breaking year, with new milestones being set throughout 2024, culminated in an all-time...
Central banks worldwide are raising borrowing costs in efforts to tame soaring consumer prices, but Turkey has bucked the global...Last month, Turkey's central bank cut its policy rate for a third consecutive time, bringing it down to 10.5 percent from 12 percent
On Wednesday, Erdogan praised the state of the economy, in an address to his ruling AKP lawmakers in the parliament
Most of the GCC states have raised their key interest rates in the wake of the Federal Reserve's decision to...The impact of higher interest rates among Gulf oil exporters in 2022 has so far been limited
The IMF said higher oil prices are likely to lead to fiscal surpluses and growing foreign reserves for Gulf economies, which will reduce the need for governments to borrow
The two leaders highlighted the just announced comprehensive UAE-US initiative to accelerate the energy transition.The two leaders highlighted the just announced comprehensive UAE-US initiative to accelerate the energy transition
UAE president briefed Biden on the UAE’s funding and assistance for clean energy projects on six continents
Struggling to bring down the runaway inflation, the Bank of England is expected to hike its key interest rate on...The expected hike would mirror aggressive rate-tightening by central banks worldwide as economies battle the highest prices in decades
The US Federal Reserve on Wednesday announced a fourth consecutive hike of 0.75 percentage points, taking its benchmark lending rate to 3.75-4.0 percent
Almaty, Kazakhstan—Kazakhstan's anti-corruption agency said Wednesday it had seized jewels worth more than $230 million, in a case involving the nephew...The agency said in a statement that exclusive gems and precious stones worth 230 million US dollars were seized in "operational-search activities"
The anti-corruption agency also said that $300 million that he had invested abroad will be "soon be given to the budget of Kazakhstan"
The two ministers also talked about the progress in the electrical interconnection efforts.The two ministers also talked about the progress in the electrical interconnection efforts
They also discussed ways to improve cooperation between their specialized businesses
The UAE-US Partnership for Accelerating Clean Energy (PACE), aims to produce 100 new gigawatts (GW) of clean energy in the...The UAE-US Partnership for Accelerating Clean Energy (PACE), aims to produce 100 new gigawatts (GW) of clean energy in the two countries
The UAE has invested more than US$50 billion over the past ten years in clean energy technologies and solutions around the world
- Abu Dhabi, represented by Abu Dhabi's Department of Municipalities and Transport, and Bishkek City have signed a twinning agreement to...
As part of the city twinning agreement, the two capital cities will enable mutual exchange between delegations and the business community.
The pact will also facilitate exchange of knowledge in urban planning and explore the feasibility of joint venture projects.
- UAE Minister of State for Financial Affairs Mohamed Hadi Al Hussaini met with Director of the Middle East and Central...
The minister underscored the importance of the IMF in enhancing the safety of the global economy.
He said that the IMF helps in creating a stable financial environment, especially in light of the exceptional circumstances the world is facing.
- Global stock markets rose as traders looked to the US Federal Reserve's interest rate decision hoping it will signal a...
Recent reports have suggested officials are looking to dial down the pace of increases, which has sparked a rally in risk assets over the past week.
Positive results from multinational firms also helped lift equities.
