France and the United Arab Emirates on Tuesday signed a "strategic partnership" on artificial intelligence (AI) aimed at boosting cooperation...
- New York is the richest city in the world, with 359,500 millionaires and 60 billionaires, although the Bay Area of...
While some buyers are opting for smaller compact SUVs and electric vehicles, others are putting their purchase decisions on hold...UAE fuel prices jumped around 75 percent since January 2022. Super 98 petrol price increased to Dh4.63 ($1.26) per liter in July 2022 compared to Dh2.65 per liter in Jan 2022.
Rising petrol prices in the UAE are pushing small businesses and private individuals to switch from vehicle ownership to rentals.
Global trade hit a record high of $28.5 trillion in 2021, with more growth expected in 2022. The future also...Geopolitics will shape the trade landscape in the 2020s, building on new developments in regionalism, bilateral trade, and global investment flows.
Pent-up demand from the COVID-19 shock is already driving trade in goods; a rebound in trade in services is set to follow.
European stock markets rebounded on Wednesday, recovering some ground following sharp losses the previous session on fears of a global...London's benchmark FTSE 100 index was up 1.8 percent around midday and the pound was mixed against main rivals.
Crude futures had slumped nearly 10 percent Tuesday, while Europe's main stock markets lost about three percent.
- Sri Lanka is facing its worst economic downturn since it gained independence from Britain in 1948.
The Island nation has suffered months of blackouts, rampant inflation and critical shortages of food and petrol.
Russia and Ukraine were among the top sources of tourists for Sri Lanka before February's conflict began.
Britain's new finance minister, Iraqi-born Nadhim Zahawi, has inherited a cost-of-living crisis that risks pushing the UK economy into recession....Iraqi-born Zahawi was parachuted into the Treasury late Tuesday after predecessor Rishi Sunak's shock resignation over the culture of scandal plaguing Prime Minister Boris Johnson.
Zahawi takes charge with UK inflation at a 40-year peak of 9.1 percent, a level set to hit double figures this year on soaring energy and food prices.
Inflation is an opportunity for a company to review strategically the portfolio of plans it offers, says L'azurde CEO.Inflation is an opportunity for a company to review strategically the portfolio of plans it offers, CEO L'azurde said
Companies, he said, should review costs from A to Z, from employees to manufacturing, automation and investment in technology
Adding to the uncertainty was a fresh flare-up of coronavirus cases in parts of China that has seen some cities locked...Adding to the uncertainty was a fresh flare-up of coronavirus cases in parts of China that has seen some cities locked down as part of officials' zero-Covid policy
Investors are growing increasingly concerned that sharp central bank interest rate hikes aimed at fighting decades-high inflation will lead to a contraction in leading economies
- The biggest hajj pilgrimage since the coronavirus pandemic began kicks off Wednesday, with hundreds of thousands of mostly mask less...
One million fully vaccinated Muslims, including 850,000 from abroad, are allowed at this year's hajj
Some pilgrims donned clothing featuring the names and flags of their countries
Saudi Arabia's non-oil economy has recorded a strong improvement in business conditions in June, according to the latest Purchasing Managers...Business has grown at the sharpest rate for eight months, despite evidence that intensifying cost pressures had led companies to mark up their prices
At the same time, the report conveyed Saudi Arabia’s rapidly rising costs, an increase in the prices of raw materials and fuel
- UAE Minister of Climate Change and the Environment Mariam bint Mohammed Almheiri held a meeting with the heads of fishermen's...
The minister met with groups of fishermen and heads of fishermen's associations
She discussed challenges, opportunities and development in the UAE's fisheries sector
