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...

At least 11 Jordanian food processing companies took part in the SIAL Paris 2022 trade show, the Jordan Exporters Association (JEA) said.

Executive Director of the UAE Independent Climate Change Accelerators (UICCA) Sheikha Shamma bint Sultan bin Khalifa Al Nahyan highlighted the rapid escalation of the climate crisis in recent years, and UAE’s efforts to mitigate the effects through its Net Zero strategy.

The traded values (short and long trades) on the exchange reached $177 billion compared with $134 billion during the same period last year.

Prince Abdulaziz is also the Chairman of the Ministerial Committee for Economy and Investment in the Saudi-Indian Strategic Partnership Council.

A planned underwater energy pipeline linking Barcelona in Spain and Marseille in France could take up to seven years to build, Spain's energy minister said.

RIL's core oil-refining business hit overall profits.

Bank raised US$325m from its stake sale of Spanish firm.

The authorized capital of the company is US$78 million.

With supermarket cashiers paid more than most teachers, thousands have joined the protests since the beginning of September, with human chains formed around schools across the country. Another mass protest is planned for Sunday.

The British pound sank against the dollar on political uncertainty after the resignation of UK Prime Minister Liz Truss, while weak economic data added to the turmoil. The dollar strengthened also on expectations that the US Federal Reserve would press ahead with its program of bumper interest rate hikes to...

The UAE-UK Business Council hosted its 20th Plenary Meeting in Abu Dhabi, co-chaired by Ahmed Al Sayegh, Minister of State, and Lord Udny-Lister.

The crisis-hit PM, elected Conservative leader just six weeks ago on a tax-slashing platform, announced her resignation Thursday. Her budget, peppered with tax cuts and delivered last month, sought to boost growth in Britain's recession-threatened economy and freeze energy prices to ease a cost of living crisis. However, the costly...

The summit agreement set out a "solid roadmap to keep on working on the topic of energy prices", European Commission chief Ursula von der Leyen told a media conference. The published text calls on the European Commission and EU countries in the coming weeks to find ways to shield consumers from...

The Finnish company reports net sales of $6billion.

Firm is making 'pricing adjustments' as inflation soars.

The United Arab Emirates is set to host three healthcare events next week in Dubai where over 4,000 healthcare professionals and participants are expected to attend.

The decision comes right after President Recep Tayyip Erdogan said the central bank would keep cutting rates every month for "as long as I am in power".

Riyadh, Saudi Arabia--Aramco said on Thursday it has launched Taleed program to accelerate the growth of Small and Medium Enterprises (SMEs) in Saudi Arabia, boost their contribution to economic development and support job creation. In a statement, Aramco said the program targets sustainable SME growth across multiple sectors through a...

Dubai Electricity and Water Authority (DEWA) recorded substantial growth of 22 percent in investments allocated to transmission substations during the first half of 2022, compared to the same period last year.

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

US federal agencies have often concentrated on headline-grabbing suspects like Heather Morgan, an amateur rapper nicknamed "Razzlekhan" who was charged with money laundering in February, and more recently reality TV star Kim Kardashian, who was fined this month for illegally promoting a cryptocurrency.

The decline came amid reports of economic slowdown.

The International Energy Agency has said that global carbon dioxide emissions from fossil fuel combustion will grow just one percent this year despite concerns that the energy crisis could lead countries to slow their transition to renewables. The IEA predicted CO2 emissions would stand at 33.8 billion tonnes in 2022.

Subsidies on basic goods are a highly sensitive political issue in Tunisia, where a public finance crisis has caused repeated shortages of subsidised flour, sugar and other basic goods in recent months. The North African country is years into a grinding economic downturn exacerbated by inflation that hit nine percent...

The strategy aims to diversify the kingdom's economy and increase GDP and non-oil exports by promoting industry and attracting investment.

The decision to make the biggest-ever dip into the emergency oil reserves -- usually kept for responding to situations such as hurricane-related shutdowns at oil refineries -- was Biden's gambit to calm energy markets and shield the world's biggest economy from Ukraine war shocks.

Thick black smoke sometimes billows from its red-and-white chimneys, leaving a grey haze in the air above the Zouk Mikael industrial district where the toxins remain trapped by a nearby mountain chain. Zeina, aged 40, says she lost her younger sister and a cousin to pulmonary fibrosis and that two...

The palm tree-styled street lamps and neon office blocks that line the highway from the expanded international airport to central Doha will be an instant sign to the million-plus incoming fans that the first World Cup in an Arab nation is going to be a glitzy affair. But with Qatar's...

The Money Supply aggregate M2 increased by 1.4 percent from $437 billion at July end to $443 billion at the end of August.

Minister of State for International Cooperation Reem bint Ebrahim Al Hashimy said the UAE's continued efforts to mitigate the humanitarian impact of the Ukraine crisis.

Major global equities rose, with sentiment soothed after upbeat US earnings and Britain shredded its controversial budget. Analysts pointed to better-than-expected reports from Goldman Sachs and Johnson & Johnson as a positive driver for stocks. On Wall Street, the Dow Jones jumped two percent after a day of strong trading...

The Abu Dhabi Department of Economic Development (ADDED), and Bangladesh Embassy in Abu Dhabi, have organized the Economic Cooperation Forum to enhance economic cooperation and mutual investment opportunities.

The Kremlin said that the investigation into the explosions that tore through the Nord Stream gas pipelines was being 'tailored' to place the blame on Russia.

The Central Bank of the UAE (CBUAE) in collaboration with the Tawazun Economic Council (Tawazun), has issued 1,000 silver commemorative coins to mark the 30th anniversary of Tawazun.

The Taiwanese tech giant Foxconn has moved to diversify beyond electronics assembly and embraced the competitive but rapidly expanding EV business, unveiling three concept cars last year.

The announcement comes after the IMF affirmed that the Kingdom's economic prospects are positive in the short and medium term.

State Department spokesman Vedant Patel told reporters that Russia deepening an alliance with Iran is something the whole world, especially those in the region and across the world, frankly should be seeing as a profound threat. Ukrainian officials said that the strikes killed four people in Kyiv and knocked out...

Holders of UAE passports can stay in Japan for up to 30 days during each visit for the purpose of tourism or work.

The organizer said he did not want the gathering "to become a political platform". The decision not to invite American officials, a departure from previous years, comes as tensions rise between longtime partners Washington and Riyadh over the Saudi-led OPEC+ cartel's recent vote to cut oil production.

Fuel workers voted to continue stoppages at several refineries run by TotalEnergies, the coordinator for the hard-left CGT union Eric Sellini said, rejecting a pay package agreed between the group's management and mainstream unions. Three out of seven of the country's oil refineries and five major fuel depots are affected,...

UAE's Ministry of Energy and Infrastructure signed a Memorandum of Understanding with its counterpart in Chile to exchange knowledge and expertise in energy and advance this vital sector locally and globally.

The Lebanese pound has been officially pegged at 1,507 to the dollar since 1997, a rate that has not reflected its true market value for years as the currency has been in free fall, with multiple parallel exchange rates coexisting. The crisis has pushed most Lebanese into poverty.

"As with the Covid-19 pandemic, it is once again the most vulnerable that are paying the price of world events. Combined crises are expected to throw an additional 75 to 95 million people into extreme poverty this year alone," Olivier De Schutter, the UN special rapporteur on extreme poverty and...

Kuwait's crown prince swore in a new government, less than a month after the emirate held parliamentary elections in which the opposition reaped major gains. The polls capped a political stand-off between the former cabinet and legislature that saw lawmakers occupy the national assembly building for days.

Iran vowed an "immediate" response to the European Union as it prepares new sanctions on the Islamic republic after over a month of protests sparked by Mahsa Amini's death. EU foreign ministers met to adopt sanctions on Iran after Amini was detained for allegedly breaching Iran's strict dress code for...

Riyadh, Saudi Arabia---Saudi Arabia will target 11 new decisions for Emiratisation program in project management, procurement, food and drug sectors before the end of 2022, said Ahmed bin Sulaiman Al-Rajhi, the Minister of Human Resources and Social Development. During his meeting with businessmen and women at the Chamber of Commerce...

Jeremy Hunt was put in place on Friday after Prime Minister Liz Truss sacked Kwasi Kwarteng as she battles to save her political career just weeks after taking the keys to Downing Street. Hunt is tipped to tear up the previous plans and warned at the weekend of tax hikes...

It has agreed to pay $495 million as part of a deal reached with US prosecutors in a long-running dispute over mortgage-backed securities. The disputed dating back to the 2008 financial crisis will see the European lender make the "one-time payment" in order to resolve claims for compensation.

China in June 2019 won the bid to host the event but pulled out in May because of its "zero-Covid" policy, leaving the AFC scrambling to find a new host for its flagship men's 24-team football tournament. The tournament had been due to be held in 10 Chinese cities from...