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 ...
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 ...
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