Asia-Pacific markets are mixed on Tuesday, after Federal Reserve Chair Jerome Powell indicated the recent outsized cuts enacted by the...
Abu Dhabi, UAE -UAE's airports experienced a 14.2 percent increase in passenger traffic, in the first half of 2024, handling...
The fiscal situation, high political, security and social tensions, rising inflation, movement and access restrictions and an unfinished structural agenda...The Palestinian Authority and Israel disagree on the amounts of revenue that the latter should transfer to the former, the statement said.
The IMF team said that overcoming these challenges will require ambitious reforms spanning several years of cooperation between PA, Israel and donors.
The Central Bank of the UAE (CBUAE) has imposed sanctions on the owner and general manager of an exchange house...According to a CBUAE statement, the sanctions came as a result of the examination conducted by it, revealing that the exchange house had rented out its license
The CBUAE also prohibited the general manager from undertaking any designated function at any licensed financial institution in the country
The awards cover ADNOC’s onshore and offshore fields and will run for five years with an option for a further...The awards cover ADNOC’s onshore and offshore fields and will run for five years with an option for a further two years
The framework agreement awards will support ADNOC’s requirement to drill thousands of new wells to expand its production capacity
Gazprom said supplies via Nord Stream 1 were "completely stopped" for "preventative work" at a compressor unit, shortly after the...Germany, which is heavily dependent on Russian gas, has accused Moscow of using energy as a "weapon."
But Gazprom has said the 3-day maintenance work was "necessary" and had to be carried out after "every 1,000 hours of operation."
The Purchasing Managers' Index (PMI), a key gauge of manufacturing activity in the world's second-biggest economy, came in at 49.4...Sporadic Covid-19 lockdowns around China have dampened consumer enthusiasm and business confidence
China's manufacturing Purchasing Managers' Index has been in contraction territory for five out of the past six months
Among other stocks, Emirates NBD, DEWA, and TECOM increased 0.74 percent, 0.77 percent and 1.25 percent respectively.Among other stocks, Emirates NBD, DEWA, and TECOM increased 0.74 percent, 0.77 percent and 1.25 percent respectively
Driven by Emaar, Dubai General Index (DFMGI) advanced 0.79 percent to 3,463.5927.16 pts, with the property blue chip closing higher at AED4.80
The Sharjah Chamber of Commerce and Industry (SCCI) has announced it will be organizing "Al Maleh and Fishing" Festival in...The SCCI added that all preparations are in place, and the festival is scheduled to begin on September 8, 2022, in Dibba Al Hisn City.
The four-day event will involve the participation of several government entities and private sector companies.
- Riyadh, Saudi Arabia - Saudi bank loans granted to public and private sectors grew 14 percent by the end of...
The total loan granted by Saudi banks amounted to SAR 2.324 trillion ($620bn) by July end.
Private-sector lending also increased by 14 percent year-on-year (YoY) to SAR 2.213 trillion ($590bn).
Abu Dhabi, UAE - Amazon Web Services (AWS) announced Tuesday the launch of its second Region in the Middle East,...AWS estimated its projected spending on the construction and operation of new Region will support an average of nearly 6,000 full-time jobs.
The AWS Middle East (UAE) Region will also add an estimated $11 billion over the next 15 years to the UAE’s gross domestic product (GDP).
The Kremlin on Tuesday warned it would respond if the European Union makes it harder for Russians to travel to...The idea to ban Russian tourists from Europe has divided EU nations, with some in full support and some against it.
The European Union had already suspended visa facilitation for Russian official delegations and business leaders.
