Oil prices up 3% to 4-month high on US crude stock drop, Russian refinery attacks
Oil prices rose about 3% to a four-month high on Wednesday on a surprise withdrawal in U.S. crude inventories, a bigger-than-expected drop in U.S. ...
Abu Dhabi sets up technology investment company MGX amid AI push
Abu Dhabi has set up a new technology investment company, MGX, to expedite the development of artificial intelligence and other advanced technology ...
Oil prices up as world's top consumers boost demand
Oil prices rose on Friday, driven by growing demand in the United States and China, the world's biggest oil consumers, and as the U.S. Federal Rese ...
Amazon Web Services among firms investing over $10 billion in Saudi Arabian data centers
Saudi Arabia said firms including Amazon Web Services will invest over $10 billion in building data centers in the country as the desert kingdom tr ...
Egypt received $5 bln as 1st batch from Ras El-Hekma deal
A second batch of $5 billion will be received on Friday, Madbouly added in a cabinet meeting on Thursday. Apart from the 35 percent stake i ...
AIJES CEO: Issuing The Gate to business magazine, is the new of AIJES for the year 2024 to strenght investments between France, Gulf states and Middle East
Paris- Jamal Al-Awadi, CEO of the  International Agency for Journalism and Strategic Studies AIJES and Chairman of the Paris Economic ...
European shares slip as miners weigh; investors assess wage data
European shares slipped on Tuesday as metal and mining stocks fell after a cut in China's mortgage rate failed to impress markets, while investors ...
Oil prices climb as Middle East tensions rise more
Rising concerns about conflicts in the Middle East and their impact on crude supplies sent oil prices sharply upward this week, recovering almost a ...
UAE GDP to grow 5.3% in 2024: S&P
UAE real GDP will grow by 5.3 per cent in 2024, compared to 3.4 per cent in 2023, according to credit rating agency S&P Global Ratings. ...
Google calls out spyware firms and advocates for tighter regulation
 Internet giant Google (GOOGL.O), opens new tab on Tuesday called out a series of surveillance software companies that it said were enabling t ...
McDonald's says sales growth will moderate in 2024 amid Mideast tensions
The Chicago burger giant said Monday it expects its same-store sales — or sales at locations open at least a year — to rise 3% to 4% th ...
UN: 40% Drop In Suez Traffic Following Houthi Attacks
The volume of commercial traffic passing through the Suez Canal has fallen more than 40 percent in the last two months after attacks by Yemen&rsquo ...
War, weather put ocean shippers on notice for rough seas in 2024
Recent hostilities in the Red Sea have thrown global shippers of vital goods for a loop - but it is hardly the only issue that big carriers are fac ...
Oil prices gain 3% on supply concerns after oilfield shutdown in Libya
Oil prices climbed about 3% on Wednesday after a disruption at Libya's top oilfield added to fears that tensions in the Middle East could reduce gl ...
UAE petrol and diesel prices to fall in January
The prices of petrol and diesel in the UAE will drop next month, it has been announced. Prices increased in September and October, then fel ...
U.S. crude inventories fell sharply last week, EIA says
U.S. crude inventories USOILC=ECI fell by 7.1 million barrelsin the last week to 436.6 million barrels, compared with analysts' expectations in a R ...
UAE issues guide to determine corporate tax liability for individuals
The UAE's Federal Tax Authority has issued a guide for natural persons (individuals) who generate income in the country or do business, to help the ...
Shipping firms MSC, CMA CGM suspend passage through Red Sea
Two more major shipping firms, Mediterranean Shipping Company and CMA CGM, said on Saturday they were suspending passage through a Red Sea strait v ...