The United States signed an agreement on the supply chains with key Asia-Pacific allies concerned about China's growing clout --...
China's stranglehold on the rare earths industry -- from natural reserves and mining through processing and innovation -- is the...
BEIJING, CHINA – Chinese regulators will ban the chairman of property giant Evergrande from the securities market for life on grounds...Unable to repay interest on its loans, China’s real estate firm Evergrande formally defaulted in 2021, sending shockwaves through the industry.
The company has struggled to repay creditors for years, defaulting in 2021 and becoming subject to a winding-up order by a Hong Kong court earlier this year.
DUBAI, UAE – Chairman of the Dubai Supreme Council of Energy Sheikh Ahmed bin Saeed Al Maktoum chaired the 81st...The Council reviewed updates of the demand side management strategy for 2030 and 2050.
This is part of the efforts to make Dubai a leading example in efficient energy and water demand management.
RIYADH, SAUDI ARABIA – VASI Shipping Pte Ltd has introduced a new shipping service IMS at King Abdulaziz Port in...This service aims to enhance its strategic partnerships with major international shipping lines, support the maritime sector.
This initiative represents a significant step in bolstering the role of King Abdulaziz Port in Dammam in enhancing the maritime transport sector.
- "This underscores our role in fostering development and regional and global cooperation, aiming to provide an economic model for all...
UAE minister Sheikh Nahyan bin Mubarak Al Nahyan highlights economic prosperity and global integration in Dubai.
Attended by more than 600 economic leaders, the event serves as a platform for investment and trade enhancement.
Abu Dhabi, UAE--The UAE banking sector continued its growth momentum last year and is poised for further growth and recovery...The indicators of rising assets, financing and capital adequacy ratios reflect the sector's flexibility and resilience to adapt to the changes the world is witnessing
At the end of December 2023, total deposits of resident and non-resident customers with banks operating in the UAE rose by 4.2% and annually by 13.5% ), reaching $686bn
Iran sealed contracts worth billions of dollars with domestic companies to boost its oil production in the face of Western...Iranian Oil Minister Javad Owji had said that oil production would reach 3.6 million barrels per day by the end of the Persian year on March 19.
Iran's oil sector suffered a blow in 2018 when Western sanctions were reimposed, forcing foreign companies to leave the country,
- The Middle East is emerging as an important region in the battle against methane emissions, crucial for curbing global warming....
The Middle East is emerging as an important region in the battle against methane emissions, crucial for curbing global warming. say an IEA report.
With Saudi Arabia and UAE leading by example through low emissions intensities , the region is setting new benchmarks in environmental stewardship.
RIYADH, SAUDI ARABIA – A delegation comprising several entities from the Kingdom’s industry and mineral resources' system participated in PDAC...The Saudi delegation held meetings with teams from Canada, the Czech Republic and Ecuador.
These are part of the 85 meetings they will hold with officials of countries and global firms participating in the event.
Riyadh, Saudi Arabia - The international credit rating agency S&P Global Rating affirmed its foreign and local currency sovereign credit...The agency indicated in its report that this rating affirmation is a result of the continuation of the Kingdom's economic and social reform agenda
The agency forecasted GDP growth to average 3.3% in the medium term, due to the acceleration in non-oil sector investment and robust consumption in the Kingdom
Riyadh, Saudi Arabia - Saudi Arabia faces substantial annual losses in its agricultural sector, including 234,000 tons of tomatoes and...The kingdom has called for collaborative efforts to promote responsible consumption practices and reduce waste
It has urged efficient vegetable usage and storage to minimize loss and contribute to a more sustainable food system
