Total M&A market drops to US$3.2trn in 2023, says report
DUBAI, UAE - The total M&A market dropped 15 percent, to US$3.2 trillion, the lowest level in a decade, as...Business Economy
OPEC Fund offered US$1.7 bn in development funding in 2023
Vienna, Austria - The OPEC Fund for International Development allocated US$1.7 billion across 55 projects globally in 2023, providing funding...Economy
Non-Arab foreigners invest $4.23bn in UAE stocks since Jan 2022
According to Abu Dhabi and Dubai financial markets, non-Arab foreign investors purchased local stocks worth AED70.27bn from the beginning of...The purchases of non-Arab foreign investors in the Dubai Financial Market totaled some AED18.75bn since the start of this year.
The UAE has been ranked first in the Arab world and 19th globally for its ability to attract foreign direct investment in a report by UNCTAD.
Walmart Q2 revenue $152.9bn
The retail giant sales surged, partly due to inflation.Revenues for its second fiscal quarter ending July 31 were $152.9 billion, up 8.4 percent from the year-ago period
Profits rose 20.4 percent to $5.1 billion, with some of the increase connected to the accounting for an asset sale in Brazil
Spain PM hopes Europe gas pipeline will soon be ready
Spanish Prime Minister Pedro Sanchez said Tuesday he hopes a gas pipeline linking the Iberian Peninsula to central Europe through...Russia has reduced deliveries and nations are scrambling for supplies to avoid a possible shortage this winter, while prices for gas and electricity have soared
Spain currently has six liquefied natural gas (LNG) terminals for processing deliveries made by huge sea tankers back into gas and injecting them into its pipeline network
Iraq to build four free-trade zones, two along Jordan and Saudi borders
Iraq plans to establish free-trade zones adjacent to Baghdad and Najaf airports and another one near the Iraqi-Jordanian border, which...Two free zones will be established adjacent to Baghdad and Najaf airports, says Iraq’s Free-Trade Zone Authority
All the factors necessary for the success of the free industrial, commercial or multi-activity zones exist in the country, it adds
DEWA alert service reduce 217,370 tons of carbon emissions
Dubai Electricity and Water Authority (DEWA) has announced that its High-Water Usage Alert service has helped to reduce 217,370 tons...DEWA's High-Water Usage Alert service sends instant notifications to customers to quickly conduct necessary maintenance to reduce wastage
These alert services helped identify 1,062,781 water leakage reports, 23,199 defects, and 11,566 cases of increased load
Net zero, Russia war driving nascent hydrogen economy
Green hydrogen is in sharp focus as governments seek to slash carbon emissions amid record-high temperatures and to safeguard energy...In Birmingham, central England, it costs about £50 ($60) to fill Kendall's Toyota Mirai with the green hydrogen that is produced at a plant next to the refuelling station
Britain's government says £9 billion of investment is needed "to make hydrogen a cornerstone of the UK's greener future" as it targets net zero carbon emissions by mid-century
Iraq, US discuss efforts to combat money laundering, terror funding
The Governor of the Central Bank, Mustafa Ghalib, received the US Ambassador to Iraq, Alina Romanowski, and her accompanying delegation.The Governor of the Central Bank, Mustafa Ghalib, received the US Ambassador to Iraq, Alina Romanowski, and her accompanying delegation
Ghalib reviewed the efforts of the Central Bank to support development through monetary policy means and the direct impact of its initiatives
QSE-listed companies hit $7bn net profit
This amounts to an increase of 29% over last year.All of Qatar Stock Exchange listed companies have disclosed their financial results for the six month period ended June 30, 2022
The QSE is a full member of the World Federation of Exchanges and was recently upgraded by the MSCI and the S&P Dow Jones Indices
Oil prices fall on potential Iran deal, as China economy falters
A deal would mean that Iran's crude output of 2.5 million barrels per day would no longer be subject to...Oil prices fell Monday on the prospects of a return of Iranian oil to the market and data showing China's economic recovery stuttering
Stock markets were broadly steady and the dollar traded mixed as investors digested the latest developments
Global business travel won’t see full recovery until 2026: report
The Global Business Travel Association now projects business travel will regain its 2019 level of $1.43 trillion in mid-2026, 18...recovery was "short-circuited" in late 2021 and early 2022 by the Omicron variant of Covid-19, but that trips surged after that once Covid cases fell
Major obstacles to a full recovery include high energy prices, labor shortages, Covid lockdowns, regional impacts due to the war in Ukraine and sustainability concerns
