Chinese firm announces $5bn investment in solar power chain in UAE
Dubai, UAE - Trina Solar, a Chinese renewable energy company, announced on Thursday plans to invest US$5 billion to create...Business Economy
Egypt to sign agreement on curbing methane emissions
Abu Dhabi, UAE--Egyptian Petroleum Minister Tarek el Molla announced an agreement on laying down a detailed road map for cutting...Business Economy
UAE GDP projected to grow by 2.4% in 2021, 3.8% in 2022
*Non-oil GDP to expand by about 4 percent in both years *Central Bank report finds TES Scheme helped distressed individuals,...
UAE ninth most competitive country globally
The Emirates also ranked third among 64 countries for government efficiency Vice-President Al-Maktoum: 'We did not stand still during the...
Saudi Arabia to auction mining licenses in 2022
World’s biggest oil exporter looks for foreign investments into a sector that has $1.3 trillion in untapped potential reserve value...
AFD approves €83M loan to Egypt for electricity sector
Loan meant to fund Egypt's second phase of Electricity and Green Growth Support Program The program will advance the provision...
Turkey leaves its interest rate unchanged at 19 percent for third month to support lira
The decision needed to support the country’s depreciating currency An annual inflation rate of 16.6 percent has contributed to a...
Saudi economy to grow much faster: Goldman Sachs
Goldman raises Saudi growth forecast for GDP to 4.5% this year, compared to an earlier 2.5% Kingdom's overall economic activity...
To give fillip to key sectors, UAE Central Bank doles out $12 billion in credit in 2020
The credit is intended to give a boost to sectors critical to the overall economy of the United Arab...
Easing of restrictions triggers strong rebound in Middle East economies: ICAEW
ICAEW-commissioned report finds business confidence in the region has strengthened Higher oil revenues give Middle East governments more scope...
PricewaterhouseCoopers Middle East commits to creating 6000 jobs in 5 years
Creating an ESG Centre of Excellence in the region part of 'The New Equation' strategy Firm announces its commitment...
HSBC and Morgan Stanley believe Dubai property market will boom for years
HSBC and Morgan Stanley feel growth will be driven by strong demand for larger homes The rally, both feel,...
