Asia-Pacific markets traded higher on Thursday, following gains on Wall Street that saw the S&P 500 and Dow Jones Industrial...
Riyadh, Saudi Arabia - Riyadh is currently hosting the third Seasonal Dates Exhibition, a major economic, social, and tourist event....
DUBAI, UAE - Dubai real estate market recorded 568 sales transactions worth US$373 million (AED1.37 billion) on Monday, data released...Dubai real estate market recorded 568 sales transactions worth US$373 million on Monday.
The sales included 503 villas and apartments worth US$283 million and 65 land plots worth US$88 million.
Abu Dhabi National Oil Company (ADNOC) Monday announced the award of a US$548 million (AED2.01 billion) contract to build a...The award will increase the Lower Zakum field’s gas production capacity from 430 million to 700 million standard cubic feet per day.
The project will see the construction of a new subsea pipeline that will run 85 kilometers from Zakum West Super Complex to Das Island.
Innovative technologies to produce green hydrogen using clean and renewable energy are witnessing rapid developments and studies indicate that green...The UAE aims to acquire 25 percent of the low-carbon hydrogen market which is expected to reach more than $400 billion.
The production of green hydrogen is mainly carried out through electrolysis using renewable energy sources.
- The National Center for Government Resources Systems (NCGR) launched its comprehensive strategy (2022-2025).
The strategy is based on four main pillars which include raising the efficiency and effectiveness of the government in managing its resources.
It also involves maximizing benefit of NCGR's resources, superiority in providing and using data to support decision-making, excellence in risk management.
- The euro fell 0.70 percent to 0.9884 dollars Monday at 0535 GMT, its lowest since December 2002. The European currency...
Russian gas giant Gazprom said Friday the Nord Stream pipeline due to reopen at the weekend would remain shut indefinitely
Resumption of deliveries via the pipeline which runs from near Saint Petersburg to Germany under the Baltic Sea, had been due to resume on Saturday
A number of governments have expressed concerns over cryptocurrencies, but those behind the first Crypto Policy Symposium say they hope...The conference comes as the price of bitcoin has plunged from a peak of nearly $69,000 last October to around $20,000
Many central banks and financial market regulators have warned about the dangers posed by cryptocurrencies
- The strategically important developing nation lurched into its latest economic crisis when President Recep Tayyip Erdogan launched an unorthodox experiment...
The TUIK state statistics agency said that consumer prices rose by 80.2 percent in August from a year earlier
The figure was fractionally higher than the 79.6 percent reported in July and only a small bump up from the 78.6 percent reading in June
Faced with a bleak global economic outlook, the OPEC+ countries are expected to agree a modest increase in oil production...Far from their highs near $140 a barrel, Brent North Sea crude and US WTI crude prices suffered their third consecutive monthly decline in August
Matthew Holland of Energy Aspects said a cut in production would come up at the next meeting in October
European Central Bank policymakers look set to hike interest rates again to tame runaway inflation amid a steep increase in...Eurozone inflation hit 9.1 percent in August, a record in the history of the single currency and well above the two-percent rate targeted by the ECB
Alongside its policy decisions, on Thursday ECB will also share an updated set of economic forecasts for the eurozone
Once the flagship of Lebanon's economy, the banking sector is now widely despised and avoided after banks barred depositors from...As Lebanon's deep crisis shows no sign of abating, money transfer agencies are filling the gap, also offering currency exchange
Lebanon has been battered by its worst-ever economic crisis since the financial sector went into meltdown in 2019
