Beijing has struggled to maintain a strong economic recovery from the pandemic, as it fights a debt crisis in its...
- Under the seven-year agreement, OpenAI, which is partly owned by AWS's archrival Microsoft, will gain access to computing resources including...
Dubai, UAE - The price of Bitcoin on Tuesday surged past $57,000, demonstrating the continued strength of the cryptocurrency market...The rise follows Bitcoin's climb above $54,000 on Monday, a milestone not reached since December 3, 2021
The cryptocurrency has been experiencing a bullish trend since January 11, when the US Securities and Exchange Commission approved spot Bitcoin ETFs
"We believe that enhancing competitiveness and ensuring that the nations offering the best products and services come out on top...Sweden remains committed to the rules-based international trade system amidst rising geopolitical tendencies.
Swedish Minister Johan Forssell calls for enhancing competitiveness over subsidy reliance for economic development.
TEHRAN, IRAN – The Middle Eastern country has improved its global standing in steel production, becoming the ninth largest producer...In the first month of 2024, Iranian steel mills produced a total of 2.6 million tons of steel.
The world's 71 steel-producing countries produced 148.1 million tons of steel in January 2024.
ABU DHABI, UAE – The Ministry of Finance on Tuesday announced the issuance of Cabinet Decision No. 10 of 2024...A penalty of US$2,722 (AED10,000) will be imposed on businesses that do not submit their Corporate Tax registration applications on time.
The penalty was implemented to prompt taxpayer compliance with laws through timely corporate tax registration.
Dubai, UAE-- Morocco hopes to increase its exports by 12 percent this year, according to the kingdom's minister of industry...The minister said in Dubai the Moroccan government's economic growth forecasts are around 3.7 percent this year
He said the WTO conference is an opportunity for dialogue toward fairer and more transparent trade measures
- "It is contributing to raising living standards, improving employment opportunities and enabling the expansion of trade in goods and services"...
Comoros and Timor-Leste sign Protocols of Accession, set to join WTO within 30 days.
Accessions signify global confidence in the WTO and promise their economic growth.
ABU DHABI, UAE – Emirates Development Bank (EDB) has unveiled its 2023 results, showcasing an extraordinary year of achievements and...EDB’s flexible financing solutions and patient debt approach have significantly bolstered industrial growth.
EDB has approved $353 million in financing under the Credit Guarantee Scheme with partner banks in UAE.
BEIJING, CHINA – The China National Offshore Oil Corporation (CNOOC) has announced the recent discovery of the largest metamorphic rock...The Bohai 26-6 oilfield is situated approximately 170 kilometers from Tianjin Municipality.
It has been anticipated that the average daily oil production will surpass 390 cubic meters.
- The two firms have signed a $1 billion private credit deal.
The partnership will be managed by Private Credit at Goldman Sachs Alternatives, with a dedicated team across multiple Asia Pacific markets.
This mandate will enable both firms to continue scaling their investment activity in the large and growing Asia Pacific credit market.
- "There's considerable work to be done to establish a level playing field where low-energy technologies can be freely traded. I...
Finland is aiming for climate neutrality by 2035 through the adoption of low-energy, clean technologies.
The WTO can help establish a level playing field for the trade of environmental goods and services.
