Federal Reserve Chair Jerome Powell said Monday that the central bank will not wait until inflation hits 2% to cut...
Factors such as increased foreign investment, ambitious urban projects, and favorable regulatory reforms are expected to propel the real estate...
The US Department of State released on Thursday the 2022 Investment Climate Statements, which help US companies make informed business...These help US companies make informed business decisions by providing up-to-date information on the investment climates of more than 160 countries.
The statements also assess how governments uphold international labor standards and combat corruption among other considerations.
UAE and Kenya announced their intention to begin talks for a Comprehensive Economic Partnership Agreement (CEPA) between the two countries...UAE and Kenya announce their intention to begin talks for a Comprehensive Economic Partnership Agreement
If inked, the CEPA pact will be the first free trade deal between UAE and an African nation
ADNOC Distribution will acquire 50 percent stake in TotalEnergies Egypt.ADNOC Distribution said it will acquire a 50 percent stake in TotalEnergies Egypt for about US$186 million
The acquisition will also see the refurbishment of several service stations to full ADNOC branding
The International Monetary Fund (IMF), in its World Economic Outlook, 2022 said that the Saudi economy will register a 7.6...The International Monetary Fund in its World Economic Outlook, 2022 says the Saudi economy will register a 7.6 percent growth rate this year
Saudi Arabia's expected growth, as per IMF, would be the highest among advanced, emerging market and developing economies
The United Arab Emirates has launched the Power-to-Liquids (PtL) Roadmap: Fueling the Aviation Energy Transition in the United Arab Emirates,...The PtL roadmap shows the financial, economic and environmental benefits of PtL in decarbonizing the UAE's aviation industry.
It says PtL offers a unique opportunity for the Emirates to leverage domestic resources, infrastructure and expertise to grow and decarbonize the economy.
The startups presented their innovative solutions following months of hard work that contributed to developing their product strategies and business...The startups presented their innovative solutions following months of hard work that contributed to developing their product strategies and business models
The companies that took part displayed cutting-edge fintech products that directly address social demands and provide solutions to pressing issues
While Saudi apex bank has raised its repurchase rate by 75 bps to 3%, and its reverse repo rate by...Hours after the US Federal Reserve hiked its key interest rates by 75 bps, the GCC countries followed the suit and increased their policy rates by the same margin
While the Fed’s step was aimed at combating the soaring inflation, the regional economies followed the US moves as their currencies are pegged to the dollar
A delegation from the Philippine Business Council, headed by Prof. Gau Raganit, visited the Abu Dhabi Chamber of Commerce and...Abu Dhabi Chamber, Philippine Business discuss strengthening relations between the Chamber and Filipino investors
The two sides discuss increasing the level of cooperation in diverse sectors of mutual interest
Opening corporate bank accounts to become easier for free zone firms.The free zone companies will now be able to also obtain personalized services.
A study by Dubai Chamber of Commerce said entrepreneurs face a lot of issues in opening a corporate bank account in UAE.
Despite damaging Western sanctions imposed on Moscow in the wake of the invasion of Ukraine, Russia's economy appears to be...Sanctions were meant to sever Russia from the global financial system and choke off funds available to Moscow to finance the war.
International Monetary Fund's latest World Economic Outlook upgraded Russia's GDP estimate for 2022 by 2.5 percentage points.
