SEOUL, SOUTH KOREA - Hyundai Motor said on Tuesday it aims to sell two million electric vehicles a year by 2030, raising its target from the 1.87 million it set last year as the market for clean-energy vehicles continues to soar.It also announced plans to invest a total of 109.4 trillion won...

The new unit is headed by former SVB UK boss Erin Platts.

PARIS, FRANCE -  Forty-five governments have endorsed doubling the average global rate of energy efficiency improvements by the end of the decade to foster sustainable economic growth.This will help put the world on a secure and affordable path towards net zero emissions."It’s hard to overstate the importance of energy efficiency...

ISTANBUL, TURKEY - The chairman of Turkish Airlines said Monday that the company will make a final decision on plans for a record-breaking order of 600 aircraft in two months.The airline is in talks with US aircraft maker Boeing and its European rival Airbus to purchase 400 single-aisle planes along with...

DUBAI, UAE -  The UAE is poised to play a pivotal role in global trade with its exports projected to reach around US$544 billion (AED2 trillion) by 2030, showcasing a robust annual growth rate of 5.5 percent. according to a Standard Chartered research study.The report, titled 'Future of Trade: New...

"With some hardliners in the Republican party coming out against the agreement (in a vote due Wednesday), its passage through Congress could be bumpy," warned AJ Bell investment director Russ Mould. "Weak Chinese data also contributed to a subdued market mood with Asian stocks a little sickly."

Riyadh, Saudi Arabia - The logistics sector in Saudi Arabia is poised for remarkable expansion, with its market size projected to grow to SAR 57.4 billion ($15.3 billion) by 2030, according to latest data. The surge is an outcome of the efforts made by the Ministry of Transport & Logistics Services...

President Joe Biden slammed Republican demands in negotiations to resolve the US debt ceiling standoff as "unacceptable" but said a solution can still be found before a disastrous default. Biden said he would talk directly with Republican House Speaker Kevin McCarthy during his Air Force One flight back to Washington.

Major stock markets advanced after President Joe Biden said he was "optimistic" about finding an agreement on averting a first-ever US default. Stock markets in Europe and Asia kicked the week off with gains amid growing hopes the Democrats and Republicans will reach a deal to avert a US government...

Financial results were published in ADB’s Annual Report 2022.

Global equities mostly slid on auto sector woes and economic fears about the prospect of more interest rate hikes aimed at cooling high inflation. Share prices of carmakers were hit hard after Tesla posted tumbling first-quarter profits as steep price cuts ate into margins at Elon Musk's electric auto company.

HSBC's largest stakeholder Ping An says the split will improve business.

DUBAI, UAEI--Dubai saw remarkable growth in medical tourism in 2022 with 674,000 medical tourists spending $270 million in the year.According to a report issued by the Dubai Health Authority (DHA), 39% percent of the medical tourists who came to Dubai were from Asian countries, 22% from Europe and the Commonwealth...

The world is facing a new environment where powerful global leaders and corporate leaders are creating uncertainty and risk, Eurasia Group chief Ian Bremmer tells TRENDS.

The majority of the EU's response involves repackaging already existing funds, a stop-gap measure that has earned much criticism. German MEP Markus Ferber described the proposals on Wednesday as "old wine in new bottles" and "predictably disappointing".

DUBAI, UAE- Dubai is fast emerging as the city of choice for destination weddings, with a growing number of event planners across the world recommending the city to couples as the perfect venue for their marriage. This is in line with the efforts aimed at boosting the emirate's stature as...

Mumbai, India - An Indian conglomerate owned by Asia's richest man Gautam Adani said Thursday it was exploring legal action against a US investment firm that accused it of "brazen" corporate fraud.Hindenburg Research this week alleged that Adani Group had used undisclosed related-party transactions and earnings manipulation to "maintain the appearance...

Advanced economies are expected to slow down further this year, while ASEAN-6 economies are more resilient to the current macro scenario and should present robust, mid-single digit growth. Three factors underpin expectations for an above-average outperformance for ASEAN-6 ntions, it adds.

Inflation slows and China reopens to the world, give a boost to markets.

Major stock markets mostly dropped as warnings that US interest rates would continue to rise and remain elevated offset growing optimism over China's economic reopening after Covid lockdowns. Equities enjoyed a strong start to the new year thanks largely to Beijing's decision to throw off the shackles of its strict...

Three Egyptian policemen were killed in the attack, the first of its kind in nearly three years in mainland Egypt, which has largely been spared the deadly insurgency in the nearby Sinai peninsula.

With dust settling after the Bank of Japan's surprise shift from ultra-loose monetary policy, investors embarked on a mini Santa rally ahead of the Christmas break, while the yen stabilised following its biggest jump in 24 years.

Diverse line-up of movies features local stories from new and established storytellers from Saudi Arabia, Egypt, Lebanon and UAE.

Bank will use funds for core business, give cash to investors.

Mohammed bin Salman left Monday for the Group of 20 summit in Bali, Indonesia. The official Saudi Press Agency said the trip would include "a number of Asian countries", though officials have not yet confirmed details of the itinerary.

Loss is basically due to the sale of one of its online platforms.

Global stock markets mostly moved higher as Americans headed to the polls in midterm polls. The dollar got back some of its recent losses versus the euro, while Chinese demand expectations were keeping oil prices in check. Europe's main markets were showing gains some two hours from the close save...

It will run new flights to Europe and Asia in 2023.

GCC, which has been investing heavily in Asia with an eye on protecting its petrochemicals and oil exports, is engaging in growth industries like fintech and logistics.

Several factors are at play when it comes to strengthening relations between GCC and Asian countries. TRENDS looks at all of them and gives them a perspective.

Cross-border investment in climate change mitigation and adaptation is projected to decline in 2022 against the backdrop of a global investment downturn, according to a new report published by the UN Conference on Trade and Development.

As the US is apparently pulling away from the Middle East, the cooperation between the Gulf and Asian regions is taking place in areas such as the new energy, artificial intelligence, and industrial diversification.

Following the US withdrawal from Afghanistan, many experts believe that Washington is shifting its attention and resources to the "priority theatre" of the Indo-Pacific. But as the world recovers from the Covid-19 pandemic, the GCC countries are expected to play a more significant role in the ongoing Asianization of the global...

Traditionally, GCC trade was focused on the West. However, now it is moving to the East. This eastward shift is not too surprising given the continuing travails of many developed Western economies. With the sluggish recovery from the financial crisis in the EU and the US, Gulf economies have had...

According to ship tracking data from Refinitiv, about 289,000 tonnes of gasoil will be loaded from South Korea and China to northwest Europe.

Beyond oil and gas, Gulf companies have made some strategic investments in sectors with strong potential for growth, including fintech, e-commerce and logistics. For example, in 2020, Saudi fintech startup Tamara established operations in Vietnam, and the UAE's B2B e-commerce provider Distichain set up a base in Singapore.

The Gulf countries rely heavily on assistance from Asia, particularly China, to modernise their economies and diversify away from oil.

The announcement on Friday marked the latest volley in a long-running standoff between the two superpowers that has seen them face off over a range of issues including technology, trade, Hong Kong, Taiwan and human rights.

Air travel rose sharply in the northern hemisphere summer, traditionally the peak vacation travel season, but still remains considerably affected by the pandemic, industry data showed Thursday.

Asian and European stocks rallied and the dollar dipped as weak US data sparked hopes the Federal Reserve could ease its interest-rate hiking plans. Frankfurt and Paris equities soared over three percent in value after similar stellar gains in Tokyo, while London won two percent. Central banks across the world...

China's growth forecast for 2022 was reduced to 3.3 percent from 5.0 percent, as Beijing pursues a zero-Covid strategy that has devastated the world's second-largest economy. Chinese officials are under pressure to curb even the smallest virus outbreaks swiftly, ahead of a key political meeting in October where President Xi...

Stock markets mostly slumped Friday, while the British pound tanked to a 37-year dollar low as weak UK retail sales stoked global recession fears. Sterling slid to $1.1351, the lowest level since 1985, on news that British retail sales tumbled by far more than forecast in August as shoppers faced...

The Kremlin said that President Vladimir Putin will discuss with Turkish President Recep Tayyip Erdogan a deal allowing grain exports from Ukraine that Russia has criticized. The agreement between Russia and Ukraine, brokered by Turkey and the United Nations, designated three ports for Kyiv to send grain supplies through a...

European and US stocks rose Tuesday, but gains were capped by economic slowdown fears and central bank efforts to contain surging inflation. Frankfurt, London and Paris equities carved out gains despite poor German data, a day after tumultuous trading as Russia curbed gas supplies to Europe.

Changing tastes and increased competition from Asia have forced some in the trade to redesign and resize a tradition dating back more than 2,000 years. "A revolution is underway," said Ahad Azimzadeh, 65, who calls himself "the biggest exporter of Persian carpets in the world".

A two-month rally from June lows appears to have run out of steam this week, with downward pressure coming after minutes from the Fed's most recent meeting showed it was determined to keep lifting borrowing costs until prices were brought under control.

Abu Dhabi Ports and Hutchison Ports have signed an MoU to identify joint investment and business opportunities related to feedering, logistics, and port activities across the GCC, Africa and Asia. The two organizations will also form a partnership to operate within Tanzania, where they will work closely together to explore...

Fears of a recession caused by sharp interest rate hikes aimed at fighting soaring inflation sent Asian and European markets tumbling Wednesday, tracking a sharp drop on Wall Street. The Conference Board's chief economist Dana Peterson warned the United States will likely see a recession in late 2022.

The grant is part of an £95 million aid package including £65 million for the social protection sector.

Shares rose more than three percent in Hong Kong on Monday morning, in line with a rally across Asian markets, with weak economic data easing concerns over central bank interest rate hikes. The gains came on the back of a rally in tech giants including Alibaba and JD.com.