Oil prices settle up on weaker US dollar, mixed economic news
Oil prices edged up on Thursday as investors weighed a weaker U.S. dollar, potential OPEC+ output increase, mixed economic news, conflicting U.S. t ...
Abu Dhabi Islamic Bank’s Q1 net profit up 18% at $463mln
Abu Dhabi Islamic Bank (ADIB) delivered a double-digit growth in net profit for the first quarter of the year, driven by higher lending and income ...
Khazna starts work on two new AI data centres in Abu Dhabi
UAE-based Khazna Data Centers said it has broken ground on two new facilities in the UAE as it looks to expand its data centre footprint and meet d ...
2025 Handbook of IMF Facilities for Low-Income Countries
This Handbook provides guidance to staff on the IMF’s facilities available to countries eligible to obtain concessional financing from the Fu ...
Huawei readies new AI chip for mass shipment as China seeks Nvidia alternatives, sources say
According to Reuters ,Huawei Technologies (HWT.UL) plans to begin mass shipments of its advanced 910C artificial intelligence chip to Chinese custo ...
US stocks and dollar plunge as Trump attacks Fed chair Powell
US stocks and the dollar plunged again as President Donald Trump intensified his attacks on the US central bank boss calling him "a major loser" fo ...
Saudi Aramco signs development deal with China's EV giant BYD
Saudi oil giant Aramco signed a joint development agreement with Chinese electric vehicle (EV) manufacturer BYD to explore collaboration in the dev ...
UAE set to use AI to write laws in world first
The United Arab Emirates aims to use AI to help write new legislation and review and amend existing laws, in the Gulf state’s most radical at ...
UAE foreign trade reaches AED5.23 trillion in 2024
The UAE foreign trade touched AED5.23 trillion ($1.424 trillion) in 2024, a 49 per cent increase from AED3.5 trillion ($949 billion) in 2021, accor ...
Deutsche Bank sees more China clients moving out of US assets
The outlook for European markets has improved due to Germany’s approval of a landmark spending package and scope for more interest-rate cuts ...
The Fall of Egypt’s “B Laban” Chain — Causes and Consequences
In recent days, Egypt has witnessed a significant development in the food sector as all branches of the popular dessert and dairy brand “B La ...
Legend Holding Group strengthens UAE-China partnership ties, future-forward innovation
Legend Holding Group opened its global headquarters in Dubai, reaffirming its vital role in the deepening relationship between the United Arab Emir ...
ADNOC Drilling secures $1.63bn drilling services contract
The five-year contract encompasses services including directional drilling, drilling fluids, cementing, wireline logging and tubular running. ...
Mubadala to acquire $600m stake in Nord Anglia Education
Mubadala Investment Company has inked an agreement to acquire a minority stake in Nord Anglia Education, a leading international schools group, for ...
UAE's Majid Al Futtaim invests $1.36 billion to expand Dubai's Mall of the Emirates
Emirati retail conglomerate Majid Al Futtaim announced on Wednesday a AED 5 Billion ($1.36 billion) investment to expand Dubai shopping mall the Ma ...
Nvidia expects to take $5.5bn hit as US tightens AI chip export rules to China
Shares plunge as firm says H20 chip, designed for Chinese market to comply with controls, now needs special licence. Nvidia has said it exp ...
UAE Strengthens Its Customs Leadership in Global Trade
The United Arab Emirates (UAE) continues to solidify its position as a global leader in customs and trade facilitation, leveraging advanced technol ...
Trump considers pausing his auto tariffs as the world economy endures whiplash
President Donald Trump on Monday suggested that he might temporarily exempt the auto industry from tariffs he previously imposed on the sector, to ...
Oil prices up amid US tariff exemptions, output cuts and Washington-Tehran talks
Oil prices edged up on Tuesday following the US announcement of additional tariff exemptions, a global oil production cut, and ongoing talks betwee ...
Chinese exports swell ahead of US tariffs that will snarl trade
China’s exports rebounded in March ahead of the massive tariff hikes imposed against it by the US this month, with near-record shipments flow ...
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