China urged the European Union on Wednesday to immediately correct its mistakes after it announced a plan to impose tariffs up to 36 percent on Chinese electric vehicles, describing this European step as “an extremely protectionist act driven by poli…
The Chinese Customs Administration announced today, Wednesday, that Iraq ranked fourth among the largest oil exporters to China during the month of July.
The Administration showed, in its statistics, that “Iraq’s oil exports to China during the month…
WASHINGTON: Crude oil production in the United States will grow to an average of 13.7 million barrels per day (b/d) and marketed natural gas production will grow to an average of 114.3 billion cubic feet per day (Bcf/d) in 2025, according to the lates…
DUBAI: du, Emirates Integrated Telecommunications Company (EITC); and etisalat by eand, today announced a strategic collaboration with Nakheel, a member of Dubai Holding, to provide fixed telecom services and enhance the ICT infrastructure in new deve…
DUBAI: Dubai International (DXB) is gearing up to welcome 3.43 million passengers between 21st August and 2nd September as residents return from their summer vacations.
In a press release on Wednesday, DXB announced that it expects average daily traf…
SHARJAH: Sharjah Economic Development Department (SEDD) released its Annual Report for the year 2023, showcasing its success in achieving exceptional growth in the targets of accelerating economic activities of all kinds.
In 2023, the volume of issue…
ABU DHABI: Mubadala Investment Company today announced its investment in Yondr Group, a leading global hyperscale data centre developer, alongside Apollo via an existing investment from Apollo-managed funds.
Yondr, headquartered in London, is a globa…
GENEVA: Comoros joined the WTO on 21 August as its 165th member, after 17 years of negotiating its accession terms with WTO members. It is the 10th least-developed country (LDC) to accede to the WTO through negotiations.
Comoros also announced its fo…
FUJAIRAH: Fujairah Natural Resources Corporation (FNRC) today signed a cooperation agreement with the Ministry of Public Works in the State of Kuwait, with the aim of enhancing cooperation in areas of investment, development of mineral resources and m…
Oil prices witnessed a slight rise on Wednesday, recovering some gains after a series of continuous losses over the days, thanks to the decline in concerns about the conflict in the Middle East and lower expectations about Chinese demand.
Brent crude…
Tulkarm-Ma’an- Minister of National Economy Mohammad al-Amour and Minister of Industry Arafat Asfour discussed on Wednesday with economic figures in Tulkarm Governorate the economic situation and addressing a number of issues facing the private sector…
Kuwait’s trade surplus with Japan narrowed 11.1 percent from a year earlier to JPY 57.9 billion (USD 375 million) in July, down for the first time in three months due to slowing exports, government data showed on Wednesday.
However, Kuwait stayed in…
