AEC Endorses Re-Election of OPEC Secretary General Haitham Al Ghais
OPEC Secretary General Haitham Al Ghais has played a crucial role in helping Africa attract new investments, maximize infrastructure development, e ...
US Dollar is Offered and China's Politburo Promises more Monetary and Fiscal Support
The euro held steady against the dollar in skittish trading on Monday as investors awaited U.S. inflation data later this week, while the Australia ...
Digital Dubai highlights latest trends in digital transformation and AI at GITEX Global 2024
Digital Dubai has kicked off its participation in GITEX Global 2024, taking place at the Dubai World Trade Centre from October 14 to 18, through a ...
Abu Dhabi named world's wealthiest city with US$ 1.7 trillion
On Tuesday, 8 October, Global SWF released a new global ranking of cities in terms of capital managed by their Sovereign Wealth Funds (SWFs). Accor ...
UAE’s Modon appointed main developer of Egypt’s Ras al-Hikma city project
Abu Dhabi-based sovereign fund ADQ has appointed the UAE’s Modon Holding PSC as the master developer of a vast project to develop a city at R ...
Australia reaches trade deal with UAE to boost agriculture exports, investment
Australia said on Tuesday it had reached a trade deal with the United Arab Emirates that would remove tariffs for about 99% of Australian products, ...
India, UAE to review trade deal in talks this week, sources say
Indian and Emirati officials are expected to review their trade agreement this week amid concerns raised by Indian industry over a sharp increase i ...
Adnoc to buy 35% stake in ExxonMobil’s new massive blue hydrogen plant in Texas
Adnoc will acquire a 35 per cent equity stake in oil major ExxonMobil’s proposed blue hydrogen and ammonia production facility in Texas as th ...
Adnoc, Petronas and Storegga team up for offshore carbon capture project
Energy giants Abu Dhabi National Oil Company (ADNOC) and PETRONAS along with Storegga have signed a joint study and development agreement (JSDA) to ...
Amazon stock tumbles 8% as profit, revenue outlook disappoints
Amazon's (AMZN) stock fell more than 8% Friday after the retail and cloud giant offered a current quarter forecast on Thursday that fell short of e ...
UAE Central Bank follows US Fed move, holds rates at 5.4%
The Central Bank of the UAE (CBUAE) has decided to maintain the Base Rate applicable to the Overnight Deposit Facility (ODF) at 5.40%. This ...
EU Council launches investigation into 7 countries due to extreme budget deficits
The Council of the European Union has launched an investigation into 7 countries due to extreme budget deficits, Trend reports. The list in ...
Oil falls 1.5%, ends week lower on China demand fears
Oil futures fell about 1.5% on Friday, finishing the week lower on declining Chinese demand and hopes of a Gaza ceasefire agreement that could ease ...
UAE, Mauritius sign CEPA to boost trade, investment
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and Pravind Kumar Jugnauth, Pr ...
GCC economic growth to rebound to 4.7% in 2025 – World Bank
The World Bank has revised the economic growth forecast for the Gulf Cooperation Council (GCC) region to 4.7% in 2025, up from the previous project ...
IMF expects UAE economy to grow by 4% in 2024
The International Monetary Fund (IMF) expects the real gross domestic product (GDP) of the UAE to grow by 4 percent in 2024. In a statement ...
Saudi Arabia’s holdings in US treasuries rise to $135.9bn
Saudi Arabia’s holdings in US treasuries increased for the eighth consecutive month in March, reaching $135.9 billion, a rise of 3.66 percent ...
Oil Updates – crude set for weekly gain as demand signs, geopolitics seen as positives
Oil rose on Friday, set for a weekly gain, as data this week from the US and China, the world’s two largest crude users, pointed to higher de ...
Gold price pushes down to $2,300 threshold after US employment costs rise
The Gold price (XAU/USD) weakens to just above the $2,300 level during the US session on Tuesday, on the back of a positive market mood denting saf ...
Oil prices down on Gaza ceasefire talks, flat on the week
 Oil prices slipped on Friday and were flat on the week as the possibility of a ceasefire in Gaza weakened crude benchmarks, while the war in ...
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