OPEC+ expected to open taps more despite price slump
The Organization of the Petroleum Exporting Countries and their allies - collectively known as OPEC+ - have justified their change...Economy
China’s Xiaomi to invest nearly $7 bn in chips
Chinese tech giant Xiaomi will invest 50 billion yuan ($6.9 billion) in developing high-end smartphone chips, the firm's founder said...Technology
Ireland wants to be a gateway for UAE, Gulf states to EU market: Irish minister
Abu Dhabi, UAE--Ireland wants to become a gateway for the UAE and other Gulf states to the European Union (EU)...The minister said that Ireland wants the UAE, and indeed others in this region like Saudi Arabia and Kuwait, to see it as a gateway into the EU market
Close to16,000 Irish citizens work in the GCC, mostly in the UAE, across various sectors such as education, healthcare, business, banking and hospitality
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...Last year's NPC saw President Xi Jinping anointed for a historic third term, cementing his rule as the most powerful Chinese leader since Mao Zedong
This year's gathering will focus on a litany of economic and security challenges, including a protracted property sector crisis, and soaring youth unemployment
Vision 2030 empowers women in Saudi legal sector
"The progressive momentum generated in the past decade fills us with positivity and reassurance in the Kingdom, where we have...Saudi Arabia's Vision 2030 accelerates female participation in the workforce, surpassing targets ahead of schedule.
The Kingdom boasts milestones like its first female international referee, astronaut, and train drivers , among others.
Saudi Arabia takes the lead in global road connectivity rankings: minister
Riyadh, Saudi Arabia - Saudi Arabia has earned the distinction of being the world's most connected country in terms of...Al-Jasser highlighted a remarkable decrease of over 50 percent in serious accidents, deaths, and injuries in recent years
The ongoing campaign, now in its fourth year, seeks to enhance the efficiency and safety of the extensive road network, the minister added
China’s annual political conclave starts as economy sputters
Proceedings kick off Monday at 3:00 pm with the opening ceremony of China's People's Political Consultative Conference (CPPCC), which will...Armed police are ubiquitous on Beijing streets as delegates arrive for the gathering
The meetings are not expected to see the unveiling of big-ticket bailouts
Swiss central bank posts 2023 loss
The bank has raised its interest rates to tame inflation..SNB said it recorded a loss of 8.5 billion francs on national currency positions last year, following a loss of one billion francs in 2022
The bank made a profit of four billion francs on foreign currency positions following a loss of 131.5 billion francs in the previous year
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...The Turkish central bank held its key interest rate at 45 percent last month, pausing after eight straight increases aimed at taming consumer prices
Inflation remains a pressing issue for President Recep Tayyip Erdogan's government ahead of local elections in March
Iran and Russia to sign new contracts to develop oil, gas fields
Tehran, Iran-- Iran and Russia have agreed to sign new contracts on developing oil and gas fields, according to the...The two ministers discussed creating a gas hub in the Eurasian region in the SCO framework, the development of oil and gas fields
They also discussed the process of implementing the agreements over the connection of the power grids between Iran and Russia
UAE vital to enhancing global economic growth: Officials
Abu Dhabi, UAE-- The UAE has expanded its network of trading partners around the world through comprehensive economic partnerships, contributing...Officials from the UAE have highlighted the role of the country in supporting the free flow of trade and investment to drive global economic growth
They said the UAE's endeavours have been to expand its base of trading partners around the world through comprehensive economic partnerships
Saudi labor market booms amid economic shifts
Employers in the Kingdom anticipate workforce expansions and salary hikes, though grappling with talent shortages and evolving work models, says...Employers in the Kingdom anticipate workforce expansions and salary hikes, though grappling with talent shortages and evolving work models, says a report.
Increased investment in skills development and mentorship is crucial, while diverse perspectives on AI's impact call for strategic preparation of future workforce.
