The euro struck parity with the dollar for the first time in nearly 20 years on Tuesday as a cut in Russian gas supplies to Europe heightened fears of a recession in the eurozone.

The firm will supply pipes to Saline Water Corporation.

India said it has capped sugar exports to safeguard its own supplies and ease inflation, days after a ban on wheat shipments sent global prices soaring in the wake of the Ukraine war.

Saudi Arabia's supply of oil to China has soared 38 percent in April, hitting the highest monthly volume since May 2020.

Stock markets sank Monday on growing concerns that lockdowns in China aimed at fighting a worsening Covid outbreak could threaten the country's economy and global supply chains. The losses extended a sell-off last week fueled by comments from Federal Reserve indicating officials will hike interest rates by half a point...

Egypt will import wheat from India to compensate for the loss of wheat supplies from Ukraine and Russia, the north African nation's main sources of wheat. El-Said Marzouq El-Qosair, Egypt’s minister of agriculture and land reclamation, said this comes within the framework of the state’s efforts to secure new sources...

Beijing has refused to budge from its strict zero-Covid strategy, and that has forced many companies to halt production and slow new projects, while those still operating are struggling with a shortage of truck drivers on top of onerous permit and Covid testing requirements.

Suez Canal posted twenty percent increase in revenue in the first quarter of 2022 despite the Russian-Ukraine war disturbing the global supply chain.

ADQ, Abu Dhabi wealth fund, will buy a majority stake in Unifrutti Group, a fruit and vegetable producer, marketer, and distributor.

Lebanon's electricity company is charging $16 million to supply power on the day of the May 15 parliamentary polls, a sum that exceeds the overall election budget by nearly 30 percent, the interior minister said.

Top crude exporter Saudi Arabia warned Monday that Yemeni rebel attacks on the kingdom's oil facilities pose a "direct threat" to global supplies. It urged the international community to "stand firm" against the Houthi insurgents.

DP World of the UAE has posted a twenty six percent increase in revenue to $10.8 billion in 2021, despite problems in supply chain network.

Algeria's state energy firm is ready to supply Europe with more gas in view of a possible decline due to the Russian invasion of Ukraine, its CEO said Sunday.

Saudi Arabia has taken steps to maintain the stability of domestic supply in accordance with the food security strategy.

The aid is expected to improve the humanitarian situation of hurricanes, drought, and terrorist attacks faced by some countries in Africa.

This includes a 48.28% growth in passenger volume, with the total number reaching 88,000.

The production of semiconductors, also known as chips, has become a strategic priority in Europe as well as the United States, after the pandemic choked off supply.

Qatar's energy minister told the European Union on Tuesday that his country could not rescue Europe alone if Russia turned off gas supplies amid spiking tensions over Ukraine. But the minister, Saad al-Kaabi, told EU Energy Commissioner Kadri Simson that Qatar was ready to help Europe "in times of need"....

The company said as a supply chain crunch and inflation are set to ease.

The Central Bank said on Friday that the Money Supply aggregate M1 increased by 2.1 percent, from AED 671.6 billion ($182 billion) at the end of October 2021 to AED 686.0 billion at the end of November 2021. The Money Supply aggregate M2 increased by 1.3 percent, from AED 1,498.3...

"Our successful partnership with Idemitsu underlines the Group’s strong competencies in the lubricants business,” Saif Humaid Al Falasi, Group CEO, ENOC Group, said. “We offer products of the highest quality while adhering to all international safety and quality standards”.

Abu Dhabi Fund for Development (ADFD) will provide the Butha-Buthe District in Lesotho with $20 million in finance for the development of a water supply system in the area.

The United Arab Emirates’ minister of state, Sultan Al-Jaber, said that the world needs to accept that global energy transition will take time.

Japanese firm Toyota is the world’s biggest carmaker.

Global finance officials are worried about rising inflation pressures but there it is little fear that it will become a “runaway train,” IMF chief Kristalina Georgieva said on Sunday.

DP World says the disruption of the global supply chain will not end any time soon because of the shortage of shipping containers, congestion at ports, and skyrocketing freight rates.

The MoU was signed at the WETEX and Dubai Solar Show.

Most stock markets in the Gulf rose on Thursday as oil prices gained on growing fuel demand and a bigger-than-expected draw in U.S. crude inventories, although the Abu Dhabi index bucked the trend to trade lower.

Abu Dhabi will obtain large generator step-up (GSU) transformers, protection and telecommunication systems for the Al Dhafra PV2 Solar project from Hitachi ABB Power Grids.

In order to make sure that Egyptians get an uninterrupted supply of electricity, Egypt has taken steps to strengthen power  linkage lines with neighboring countries such as Jordan, Sudan and Libya.

Russia, the largest exporter of wheat in the world, has been looking to enter the market for quite some time.

Trade flows continued to reach new highs during the ongoing pandemic At the global level, food and agricultural exports grew by almost $52 billion in 2020 While global food trade is expected to be strong for the year ahead, the food prices though are feared to remain high over supply...

Trends currently driving down oil prices will cease to be a problem in the second half of 2021 Weaker dollar, inflation and monetary easing will lead to higher oil prices in 2022 A new Bank of America Global Research report claims micro trends that are driving down oil prices, like...