Russia could concede $300 billion in frozen assets as part of Ukraine war settlement, sources say
Russia could agree to using $300 billion of sovereign assets frozen in Europe for reconstruction in Ukraine but will insist that part of the money ...
No EU aid for Lebanon without reform, IMF deal
The EU will not disburse 500 million euros of aid to Lebanon until it reforms its financial system and secures an IMF loan, a top EU official said ...
UAE: DIFC marks 20th anniversary with record annual performance
Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa, and South Asia (MEASA), has announced ...
EU promises to respond strongly to possible US tariff hike
The European Commission says it sees no justification for the US policy of reciprocal tariff measures. The European Commission (EC) has sai ...
UAE launches landmark $60mln initiative to expand accessible education for visually impaired students in Ethiopia
Under the directives of UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan, and in the lead-up to the AU Summit opening today — wh ...
UAE : e& reports strong growth in FY24
e& has reported a 10.1% increase in revenues for its fiscal year 2024, reaching AED 59.2 billion ($16.2 billion), compared to AED 53.7 billion ...
Aldar’s 2024 net profit surges 47% to AED 6.5bln fuelled by strong pace of cross-platform growth
Record FY2024 development sales of AED 33.6 billion, up 20% YoY driven by strong demand for new launches and existing inventory. 12 project ...
UAE to invest billions in France AI data centre
The UAE will invest between €30 billion and €50 billion to build Europe’s largest AI data centre in France, the French presidency a ...
UAE : Dubai’s TECOM Group posts record revenue of $653.4 million in 2024
TECOM Group PJSC, the creator of specialized business districts and vibrant communities, has declared a record revenue of AED2.4 billion ($653.4 mi ...
UAE leans on trade deals for growth as non-oil trade jumps 15% in 2024
The United Arab Emirates' non-oil trade in goods touched a record 3 trillion dirhams ($817 billion) in 2024, up 14.6% from the previous year, as th ...
EU pledges 3 billion euros for Jordan in new ‘strategic’ partnership
The European Union on Wednesday promised 3 billion euros ($3.1 billion) of financing and investments for Jordan as part of a new “strategic&r ...
Yen and Swiss franc jump as investors rush to safe-haven assets
 The yen and Swiss franc jumped against major currencies on Monday in a rush for safe-haven assets as tech stocks plunged, with investors weig ...
Most Gulf markets gain after Trump comments
Most stock markets in the Gulf ended higher on Sunday driven by optimism over U.S. President Donald Trump's recent comments hinting at a more relax ...
Meta to invest up to us$65 bln in 2025 to drive AI ambitions: Zuckerberg
Meta Platforms on Friday announced that the company plans to invest between US$60 billion and US$65 billion in 2025 to expand its artificial intell ...
Dollar falls after Trump hints at softer stance on China tariffs
The dollar was on course for its biggest weekly fall in more than a year on Friday after US President Donald Trump suggested a potentially softer s ...
UAE Among Top 35 Countries With Largest Global Maritime Fleets
The UAE has been recognised among the top 35 countries with the largest global maritime fleets by weight and tonnage, according to the 2024 UNCTAD ...
Europe must be prepared for Trump tariffs, European Central Bank chief warns
 U.S. President Donald Trump's aim to bring home manufacturing by increasing trade barriers is a questionable approach given that the economy ...
Brand Finance names ADNOC most valuable brand at $18.9 billion
ADNOC has retained its position as the UAE's most valuable brand for an extraordinary seventh consecutive year, according to a new report from Bran ...
WEF 2025 to kick off in Davos in shadow of fragmented world
The 2025 Annual Meeting of the World Economic Forum (WEF), a prominent gathering in the Swiss town of Davos, is set to commence on Jan. 20, gatheri ...
UAE bourses close lower ahead of fourth-quarter earnings
Stock markets in the United Arab Emirates closed lower on Friday, despite rising oil prices, ahead of the upcoming earnings season. Dubai's ...
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