Dubai, UAE - The UAE's total assets abroad, encompassing both governmental and private investments, have reached $2.5 trillion as of...
BRUSSELS, BELGIUM – In the fourth quarter of 2023, the EU imported US$120.5 billion (€111.3 billion) worth of energy products...
Dubai International Financial Centre (DIFC) has announced the launch of Studio Launchpad, saying it is the world’s first venture studio...The Launchpad is supported by an international group of venture building experts, digital asset pioneers and emerging technology strategists.
Studio Launchpad is designed to attract and engage a consortium of leading start-up and corporate venture studios.
Russia's invasion of Ukraine sent ‘shocks’ through markets for staple grains and vegetable oils, the UN's Food and Agriculture Organization...Russia and Ukraine’s vast grain-growing regions are among the world's main breadbaskets
They have a huge share in global exports of commodities like wheat, vegetable oil, and corn
Abu Dhabi issued 25,427 new economic licenses in 2021, an increase of 21.5 percent compared to the 2020 figure of...The report said that renewed economic licenses increased to 83,484, growing by 15.8 percent, from 72,070 in 2020.
Of the 25,427 economic licenses issued, commercial sector licenses made up 24,077, up 21.4 percent from 19,839 in 2020.
Beijing has refused to budge from its strict zero-Covid strategy, and that has forced many companies to halt production and...Shanghai has been sealed off almost entirely for a week following a Covid-19 outbreak fueled by the Omicron variant
The financial hub of China, Shanghai is home to multinational firms and as well as the country’s busiest port
The Committee for Ifta pointed out that ideas have value according to the regulations issued in this regard, and therefore...The Committee for Ifta pointed out that ideas have value according to the regulations issued in this regard, and therefore an infringement on them is not permissible
The Committee warned against taking possession of the intellectual rights of others, benefiting from them, or taking compensation for them except with the permission of their owner
The UAE's Gross Domestic Product (GDP) for 2021 has exceeded expectations, registering the highest rate in the region of AED...International institutions expected the growth of the country's GDP in 2021 at 2.1 percent.
Our future is going to be promising, and we assure our people that the best is yet to come," Sheikh Mohammed said
- Houthi spokesman Mohammed Abdulsalam dismissed the move by President Abedrabbo Mansour Hadi as ‘a desperate attempt to rearrange the ranks...
A United Nations-brokered truce that started on Saturday has offered a glimmer of hope in the conflict amid the humanitarian crisis
The truce came as peace talks were unfolding in Riyadh without the participation of the Houthis, who refused talks on ‘enemy’ territory
The IMF announced Thursday a conditional agreement to provide Lebanon with $3 billion in aid to help it emerge from...The country has been battered by triple-digit inflation, soaring poverty rates and the collapse of its currency since a 2020 debt default
Experts reiterated doubts over the willingness of Lebanon's political elite, widely blamed for endemic corruption, to implement the reforms needed to resuscitate the economy
- The pullback came as US Federal Reserve meeting minutes showed several officials at the central bank favoring a hike in...
Brent oil futures for June delivery fell 5.2 percent to $101.07 per barrel, while West Texas Intermediate for delivery in May slid 5.6 percent
Oil executives rejected suggestions they had withheld supply to drive up prices and said they are in the process of increasing investments in response to higher commodity prices.
The country has been battered by triple-digit inflation, soaring poverty rates, and the collapse of its currency since a 2020...PM Najib Mikati said the deal is "a visa stamp for donor countries to begin co-operating with Lebanon and to put Lebanon back on the global finance map".
The aid would be released only after the parliament in Beirut approves a 2022 budget and a new bank secrecy law to fight corruption.
