From the 1980s onward, the federal government and individual emirates launched broader diversification and liberalization programs to reduce reliance on...
- In addition, Kuwait hosted a major joint meeting between the GCC and the United Kingdom in October focused on a...
Washington, United States -- The US Federal Reserve is widely expected to start cutting interest rates in the coming months, as...In economic forecasts published alongside the last Fed decision, policymakers indicated that they expect as many as three quarter percentage-point rate cuts this year.
Fed interest rate cuts can help reduce the cost of consumer loans, making everything from cars to mortgages more affordable for millions of households.
- Cairo, Egypt-- Egypt has enough reserves of wheat to last it for many months, according to Dr. Ali Al-Moselhi, the...
The minister said that 100 tonnes of sugar have been produced from the cane crop so far, and that preparations are underway to receive the beet crop in mid-March
The country purchases around five million tonnes of wheat annually from abroad, and subsidised bread is available to more than 70 million of its 104 million population
"COP28 saw all parties reach an agreement on the historic ‘UAE Consensus.’ This consensus includes achieving a well-organized, responsible, fair,...UAE, under Dr. Sultan bin Ahmed Al Jaber's leadership, actively promotes global renewable energy.
The 'UAE Consensus' at COP28 sets specific goals for a zero-carbon energy system, Al Jaber adds.
- Ankara, Turkiye – Iran and Turkiye signed contract to connect their power grids during the visit of Iranian president Ibrahim...
The Khoy-Van grid line is set to become operational as part of the agreement between the Iran Grid Management Company and the Turkish Electricity Transmission Company
The contract signed by Iran’s Mehdi Moghimzadeh and Turkiye's Orhan Kaldirim clears the decks for connection of the 400-kilovolt BtB HVDC line between Khoy (Iran) and Van (Turkiye)
- Europe's main stock markets shot higher, with Paris closing at a record high as shares in LVMH surged on record...
Hong Kong stocks slumped after rallying for much of the week, as traders awaited guidance on more Chinese stimulus.
Oil prices fell as traders banked profits from a strong week for crude.
The US Federal Reserve's favored measure of inflation ticked higher last month, according to government data published. The latest announcement...The closely watched "core inflation" measure, which strips out volatile food and energy costs, continued to ease.
This will likely reassure the Fed that trends are moving in the right direction, despite the latest uptick in headline prices.
India's urban unemployment rate -- the percentage of people wanting work who cannot find a job -- dipped to 5.1...Recruiters are aiming to fill a labour shortage in Israel exacerbated by nearly four months of fighting against Palestinian fighters in Gaza
For the hundreds of Indians in line, almost all men, the chance of a skilled construction job in Israel - and wages up to 18 times higher - outweighs their fears
- Riyadh, Saudi Arabia - Riyadh Season 2023 is poised to surpass the record set in 2021, with over 15 million...
The accomplishment was announced on Wednesday, highlighting the success in achieving the target number of visitors before the conclusion of the event
Comparatively, the first edition of Riyadh Season in 2019 attracted more than 9.6 million visitors, while the third edition in 2022 saw a turnout of over 13 million visitors
- Washington, US - US economic growth was stronger than expected in the final months of 2023, government data showed Thursday, offering...
The US economy expanded at an annual rate of 3.3 percent in the fourth quarter, fueled by a resilient jobs market and consumer spending, the Commerce Department said
The fourth quarter GDP jump "reflected increases in consumer spending, exports, state and local government spending" and other areas, it added
The central bank is tipped to leave rates unchanged for a third consecutive meeting, keeping the benchmark deposit rate at...Frankfurt institute launched an unprecedented rate hiking cycle in mid-2022
ECB watchers will be more interested in president Christine Lagarde's press conference
