China, the world's number two economy, is Africa's largest trading partner
Asian shares crept cautiously higher on Monday, while the dollar and bond yields were on the wane ahead of inflation...
European leaders want to break the link between soaring gas prices and electricity bills, a wholesale reform of the EU...Electric power can't be stockpiled, unlike natural gas, so production and use must constantly be balanced.
In the EU, electricity pricing is determined by the cost of the last energy source employed to respond to demand - often a gas-fired power plant
Dubai Electricity and Water Authority (DEWA) has been ranked the third most valuable utility brand in the Middle East and...Dubai Electricity and Water Authority has been ranked the third fastest growing brand in the UAE
The report said that the remarkable success of DEWA's IPO in H1 2022 was also due to the strength of the utility's brand
The self-made billionaire has seen his net worth more than double to $137.4 billion in the last year, rising 20...Prince Alwaleed bin Talal Al Saud, the founder of Kingdom Holding, a conglomerate with stakes in hotels, real estate and equities, is the only Arab billionaire among the top 100.
Egyptian tycoon Nassef Sawiris (net worth $7.06 bn), MA Yusuff Ali (UAE, $5.87bn) and Muhammed Al Amoudi (Saudi Arabia, $5.78 bn) are the other Arabs in the list of 500.
Economists have widely predicted that China will fail to meet its 5.5 percent GDP growth target, blaming record youth unemployment,...China's economy has also been battered by the two-month lockdown of Shanghai, a nationwide mortgage boycott, and a severe drought and heatwave
The grim economic outlook underscores the difficulty of balancing economic growth with the country's strict zero-Covid policy
The relief aid includes shelter materials, humanitarian needs, food and medical parcels for those affected by torrential rains and floodsThe relief aid includes shelter materials, humanitarian needs, food and medical parcels for those affected by torrential rains and floods
The move follows the order of the UAE president Sheikh Mohamed bin Zayed Al Nahyan to provide all forms of support to Pakistan
The rains that began in June have unleashed the worst flooding in more than a decade, washing away swathes of...In the south and west, dry land is limited, with displaced people crammed onto elevated highways and railroad tracks to escape the flooded plains
Pakistani officials have blamed climate change, which is increasing the frequency and intensity of extreme weather around the world
The Federation of Saudi Chambers announced Monday the establishment of a joint Saudi-Thai Business Council.The Federation of Saudi Chambers announced Monday the establishment of a joint Saudi-Thai Business Council.
Thailand's Deputy Prime Minister said that discussions with Saudi officials resulted in signing of three pacts
- The Ministry of Climate Change and Environment (MoCCAE) Monday launched the UAE Climate-Responsible Companies Pledge. The pledge aims to increase...
The pledge aims to increase the engagement of the private sector in the country’s decarbonization drive
The pledge forms the basis of future collaborations between the private sector, non-governmental organizations (NGO) and international organizations.
High gas prices have been followed by disruptions in the nuclear and hydroelectric sectors amid a heatwave blamed on climate...The European Commission has yet to publish a detailed plan for market reform, but some member states have been pushing for a temporary cap on wholesale gas prices.
EU officials are also considering measures to split electricity price setting from the gas price and take into account other energy sources.
The Central Bank of the UAE (CBUAE) has announced the launch of a new corporate website with various interactive digital...The Central Bank of the UAE has launched the corporate website with various interactive digital services for meeting the aspirations of the consumers.
The CBUAE plans to be among the top central banks globally in promoting financial stability.
