Volkswagen brand deliveries fall 1.4% in 2024
The Volkswagen (ETR:VOWG_p) brand's global deliveries fell 1.4% to 4.8 million vehicles in 2024, with battery-electric sales down around 2.5%, Euro ...
UAE non-oil business activity growth picks up in December, PMI shows
The United Arab Emirates' non-oil private sector expanded at its fastest pace in nine months in December, driven by strong demand and increased bus ...
Dubai real estate market sets all-time record throughout 2024
Dubai’s real estate market has had a record-breaking year, with new milestones being set throughout 2024, culminated in an all-time peak of 1 ...
Most Gulf markets wrap up 2024 with sparse gains; Dubai stands out
Most stock markets in the Gulf ended higher on Tuesday, concluding the year with meagre gains amid weak oil prices, although the Dubai index outsho ...
Most Gulf markets gain on rising oil
Most stock markets in the Gulf ended higher on Sunday in response to Friday's rise in oil prices, while the Egyptian index ended lower. Oil ...
Dollar gains on yen on bets of US growth, inflation
The U.S. dollar hit a five-month high against the Japanese yen on Thursday on expectations the greenback would be boosted next year by policies by ...
UAE’s AD Ports Group doubles credit facility to $2.13bn
The UAE’s Abu Dhabi Ports Group has successfully refinanced and more than doubled its revolving credit facility from $1 billion to $2.13 bill ...
Oil rises 1% after US crude stocks fall, investors eye Fed's next move
 Oil prices rose on Wednesday after U.S. crude inventories fell and as investors eyed a potential interest rate cut by the U.S. Federal Reserv ...
Dubai hits over a decade high; Most Gulf shares muted
Dubai's benchmark share index jumped on Tuesday to its highest level in more than a decade, while most other markets in the Gulf were muted as inve ...
UAE to offer VAT refund to tourists for online purchases
The UAE will now offer value-added tax refunds for e-commerce purchases made by tourists during their stay in the Emirates. The move aims to boost ...
Egypt inaugurates UAE-built US$600 million solar power plant
Egypt inaugurated a US$500 million solar plant in the southern city of Aswan on Saturday as part of its push to boost renewable energy production a ...
ECB set to cut interest rates for fourth time this year
Interest rates are expected to be cut by 0.25% by the European Central Bank today. If a reduction is announced it would immediately benefit ...
AEC Endorses Re-Election of OPEC Secretary General Haitham Al Ghais
OPEC Secretary General Haitham Al Ghais has played a crucial role in helping Africa attract new investments, maximize infrastructure development, e ...
US Dollar is Offered and China's Politburo Promises more Monetary and Fiscal Support
The euro held steady against the dollar in skittish trading on Monday as investors awaited U.S. inflation data later this week, while the Australia ...
Digital Dubai highlights latest trends in digital transformation and AI at GITEX Global 2024
Digital Dubai has kicked off its participation in GITEX Global 2024, taking place at the Dubai World Trade Centre from October 14 to 18, through a ...
Abu Dhabi named world's wealthiest city with US$ 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 ...
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