Abu Dhabi, UAE - Etihad Cargo added a fourth gateway destination to its Chinese network with the introduction of weekly flights to Wuhan Tianhe International Airport in the Hubei province of China. The inaugural flight arrived in the Hubei Province on 29th April. The airline currently offers five passenger flights...

ABU DHABI, UAE -  AD Ports Group has announced plans to expand its fleet by purchasing five bulk carriers and three crude oil tankers. These vessel acquisitions will follow the recently signed agreements as part of the Group’s strategic global expansion objectives to enhance the shipping division under AD Ports...

Cairo, Egypt-- Egypt's trade with Japan dropped 26.3 percent to US$1.1 billion in 2022, but the value of Japan's investments in the North African country shot up 98.7 percent to $73.7 million during the 2021-2022 period. According to the Central Agency for Public Mobilization and Statistics, Egypt exported goods worth...

BRUSSELS, BELGIUM  - In the European Union countries, 75 percent (193.5 million) of people in the 20-64-year- age group were employed, the highest since the start of the time series in 2009, as per the labor force data published by Eurostat. The employment rate dropped to 72 percent in 2020...

DUBAI, UAE - The 30th edition of Arabian Travel Market (ATM) will open Monday at Dubai World Trade Center (DWTC), local media reports said. The event, on May 1-4, will see global travel, tourism, and hospitality experts come together to explore how their industry is ‘Working Towards Net Zero’.For ATM...

The agreement also provides for the creation of a cohesive relationship between the ministry's strategic priorities and training needs, as well as offering training programs that improve the personal abilities and skills of employees. This, in turn, contributes to increasing job satisfaction within the ministry.

DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) affirmed its commitment to achieve the 'We the UAE 2031' vision to position the Emirates as one of the top 10 countries globally in the 'Human Development Index'. The 'We the UAE 2031' vision was launched by Sheikh Mohammed bin Rashid...

The Frankfurt-based institution has already lifted rates 3.5 percentage points since July last year to tame energy and food costs that surged after Russia invaded Ukraine. But there is debate about whether the ECB will opt for a 50-basis point hike -- as it did at its previous three meetings...

Washington, United States--The US called on China Saturday to stop its "provocative and unsafe conduct" in the disputed South China Sea, after a Chinese coast guard ship recently cut off a Philippine patrol vessel there, causing a near-collision. State Department spokesman Matthew Miller, in a statement two days before President Joe...

A split between Hamas and the PA, which administers the Israeli-occupied West Bank, often leads to disputes over taxation and Hilu said the new fees are harming Gaza's "already ailing economy". The territory has been under a crippling Israeli-led blockade since Hamas -- designated a "terrorist" entity by the United States, the...

The 69-year-old leader looked fighting fit as he strutted back on stage after a three-day illness and tossed flowers to rapturous crowds at an Istanbul aviation fest on Saturday. It was the perfect venue for reminding Turks of all they had gained since his Islamic-rooted party ended years of secular...

LES SABLES-D'OLONNE PORT, FRANCE -  UAE-registered boat Bayanat has taken second place at the Golden Globe Race 2022 (GGR) after 236 days of sailing. Former Indian Navy officer Commander (Retd.) Abhilash Tomy sailed non-stop around the world on the boat sponsored by Abu Dhabi-based geospatial AI solutions provider Bayanat.  ...

DUBAI, UAE - Dubai’s Department of Economy and Tourism (DET) is likely to display the diversity of the Emirate's destination, offering sustainability platforms and highlighting new initiatives designed to boost the tourism industry during the 30th edition of Arabian Travel Market(ATM), local media reports said. This year’s ATM, from May...

AMMAN, JORDAN - Value of Jordanian exports to European Union countries increased during January-February period of 2023, by 108.5 percent to reach about US$87 million (JD62 million), compared to about US$42 million (JD30 million) for the same period last year.According to foreign trade data issued by the Department of Statistics...

SHARJAH, UAE- The 10th Annual Charity Marathon, expected to attract over 8,000 runners from all segments of society, is all set to commence on Sunday at 4 pm, local media reports said. The runners are likely to include students from schools and universities, members of sports clubs, patients from hospitals,...

Riyadh, Saudi Arabia-- Becht, an American engineering services company, has revealed that it is in talks with potential partners in Saudi Arabia in order to widen its presence in the region. According to its director for the Middle East, Chris Van Der Beek, Becht is also holding discussions with potential...

JEDDAH, SAUDI ARABIA  - Islamic Development Bank (IsDB) President and Group Chairman Dr. Muhammad Al-Jasser and Uzbekistan Minister of Investments, Industry, and Trade Laziz Kudratov have signed three financing agreements for  the development of infrastructure and social services in the Central Asian country. These agreements aim to promote sustainable economic...

ABU DHABI, UAE - The UAE will participate in the Joint Annual Meeting of Arab Financial Institutions, which will be held Friday in Rabat, Morocco, to discuss means of overcoming the development challenges faced by the region. Minister of State for Financial Affairs Mohamed bin Hadi Al Hussaini will lead...

The UAE also eyes investment opportunities with Cambodia in logistics and infrastructure, travel and tourism projects, and renewable energy, reports said.

Vienna, Austria— Continuing with its initiative to support businesses across the world, the OPEC Fund for International Development (the OPEC Fund) is providing a US$50 million loan to Banco Continental in Paraguay for on-lending to small- and medium-sized enterprises (SMEs) in agricultural and livestock sectors. The investment is part of...

Abu Dhabi, UAE - A UAE delegation led by Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, visited Belgium, aiming to strengthen economic ties and promoting investment opportunities with Brussels and the wider European Union (EU). The delegation discussed growing trade relations with Vladis Dombrovskis, European Commissioner...

Amman, Jordan - Jordan has urged the international community to provide urgent financial support to the United Nations Relief and Works Agency (UNRWA), which provides vital services to Palestinian refugees.  The call was made by Jordanian Foreign Minister Ayman Safadi during his meeting with UNRWA Commissioner-General Philippe Lazzarini in Amman...

Dubai, UAE - Dubai Electricity and Water Authority (DEWA) has signed a sponsorship agreement with the Roads and Transport Authority in Dubai (RTA), allowing RTA to be the Platinum Sponsor of the World Green Economy Summit (WGES) for three sessions from 2023 to 2025. The Summit is organized by the...

The veteran Democrat would be 86 by the end of a second term. Even if a medical exam in February found him "fit" to execute the duties of the presidency, many including in his own voter base believe he is too old. An NBC News poll released over the weekend...

Dubai, UAE -- Dubai Multi Commodities Centre hosted a China Business Day at Almas Tower, which drew more than 200 Dubai-based Chinese business leaders. DMCC said in a statement that the event celebrated the flourishing commercial ties between the UAE and China, with DMCC providing dedicated support to Chinese businesses...

"German business's worries are abating, but the economy is still lacking dynamism," said Ifo president Clemens Fuest.

During takeoff, SpaceX video showed a hail of debris being blasted as far as the Gulf of Mexico, over 1,400 feet (420 meters) away. After Thursday's test, Musk said that SpaceX had begun building "a massive water-cooled steel plate to go under the launch mount.

Brussels, Belgium - Comments made by the Chinese ambassador to France questioning the sovereignty of post-Soviet countries were "unacceptable," EU foreign policy chief Josep Borrell said Sunday. Borrell added that he hoped the comments did not reflect Beijing's official stance. "Unacceptable remarks of the Chinese ambassador to France," Borrell tweeted. "The...

Abu Dhabi, UAE - Abu Dhabi Marine Sports Club (ADMSC) signed an agreement with Abu Dhabi Marine for the sponsorship of the 6th Dalma Historical Race Festival (60FT dhow sailing). It is set to be organized from 28th April to 7th May, 2023, on Delma Island. Salem Al-Rumaithi, Director-General of...

Beijing, China--Pummelled by a housing crisis that caused a record-breaking slump last year, some Chinese property developers are starting to see light at the end of the tunnel, but analysts warn the sector is still on course to slow down in the long term. The real estate industry grew at lightning...

Saturday's demonstration comes ahead of another mass protest planned for the coastal city on Sunday to coincide with a Netanyahu speech to the general assembly of the Jewish Federations of North America. The government's reform proposals would curtail the authority of the Supreme Court and give politicians greater powers over...

Credit Suisse pushed forward its result release to come out the day before those of UBS, as Switzerland's largest bank prepares to swallow its long-time main domestic rival. The results, which will be presented in a statement without the usual accompanying press conference and analyst discussion, will be closely studied...

DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) has been awarded first place in UAE Ministry of Energy and Infrastructure’s ‘Research and Innovation Award’ in the government sector category for its contributions in the field of balanced national energy. The award recognizes DEWA's consistent efforts in research, development and...

Abu Dhabi, UAE--The Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM) accounted for nearly 20 percent of the Arab exchanges' liquidity in last week’s trades. According to a Arab Monetary Fund (AMF) weekly newsletter, Arab exchanges attracted liquidity amounting to nearly US$10.28 billion last week, of which...

Baghdad, Iraq -- Iraq's premier sacked Thursday a security chief in Baghdad, his office said in a statement, after a Sunni cleric jailed for fraud escaped and went on the run for two days. Prime Minister Mohamed Shia al-Sudani also ordered the closure of the detention facility in the capital's...

Tunis, Tunisia - Fifteen Tunisian migrants are missing after their boat sank in the Mediterranean during an attempt to reach Europe, authorities said Wednesday. The boat carrying 19 Tunisians sank Monday night, said a statement by Tunisia's National Guard, which oversees the coastguard. Four migrants were rescued by a fisherman after...

Paris, France -- French supermarket giant Carrefour said on Wednesday it would allow female employees to take days off if they suffer from endometriosis, a medical condition that can cause excessive period cramps. The move is the latest to allow women extra time off in a country where paid menstrual leave...

The streaming television giant reported a quarterly profit of $1.3 billion, in line with expectations, but said it had delayed a broad crackdown on sharing of account passwords "to improve the experience for members." As growth at Netflix cooled last year, the Silicon Valley based streaming company focused on creating...

Paris, France--Sales of new cars jumped last month in Europe, surpassing the level of one million for the first time since June 2021, according to data from the European Automobile Manufacturers Association published on Wednesday. New car registrations hit 1,087,939 in March, an increase of 28.8 percent from the same month...

Vienna, Austria - The OPEC Fund for International Development (the OPEC Fund) and the United Nations Industrial Development Organisation (UNIDO) have signed a joint declaration to deepen their partnership in securing energy access and promoting energy transition. They also signed a US$1.5 million technical assistance grant agreement in support of...

Speaking at a meeting in Florida, the controversial billionaire outlined new rules, first announced Monday, to limit the reach of tweets that do not conform to the platform's guidelines. Since purchasing the so-called bird app in a rollercoaster $44 billion deal last year, Musk has sharply reined in content moderation...

Sustainable Aviation urged the UK government to take "urgent" action to support investment in carbon-cutting innovations, pointing to the provision of significant US and EU subsidies and incentives. According to Monday's report, SAF could provide three-quarters of UK jet fuel by 2050.

Beijing, China--China's economy grew much better than expected in the first three months of the year as the country reopened after the end of zero-Covid measures, official data showed Tuesday. The figures were the first snapshot since 2019 of the world's second-largest economy unencumbered by the strict health controls that helped...

Musk's founding of X.AI artificial intelligence corporation, a rival to OpenAI came several weeks before he joined experts in signing an open letter urging an overall hiatus in the development of AI technology. The signatories argued that the pause should be used to bolster regulation and ensure AI systems were...

SHARJAH, UAE- Arada is investing in a new research and development (R&D) facility here, bringing a new form of sustainable water treatment to the UAE, and the Middle East, for the first time. Arada's joint venture agreement is with Hungarian water tech firm Biopolus, Sharjah Research Technology and Innovation Park...

Beirut, Lebanon--A US helicopter raid on Monday targeted a senior Islamic State group leader in Syria suspected of plotting attacks in Europe and the Middle East, US Central Command said. "US Central Command forces conducted a unilateral helicopter raid in northern Syria in the early morning... targeting a senior ISIS Syria...

Dubai, UAE - Dubai Electricity and Water Authority (DEWA) has won the Hydrogen Project of the Year 2023 Award for its green hydrogen project aimed at promoting the transition towards renewable and clean energy at the Hydrogen Future Awards 2023. The Hydrogen Future Awards was organized during the "Connecting Green...

BAGHDAD, IRAQ -  Iraq's Minister of Water Resources Aoun Diab said on Sunday that the releases of the Tigris River will improve in the coming days. He also said that an invitation was extended to the Iranian Minister of Energy to attend the third Baghdad Water Conference. Diab said that...

The most powerful nuclear reactor in Europe, with a capacity of generating 1,600 megawatts, Olkiluoto 3 reached full power in late September for the first time since construction began in 2005.

BAGHDAD, IRAQ - Iraqi Prime Minister Muhammed S. Al-Sudani chaired a meeting focused on discussing the provisions of the federal budget bill submitted to the Parliament. The meeting was attended by Parliament Deputy Speaker Muhsin Al-Mandalawi, Parliament Deputy Speaker Shakhwan Abdullah and MPs of the Parliamentary Finance Committee, as well...