ABU DHABI: Banks’ investments in monetary bills and Islamic certificates of deposit (CD) reached AED226.9 billion at the end of the second quarter of this year, a year-on-year (YoY) increase of 10.3 percent compared to AED205.7 billion at the end of t…
Indonesia’s trade surplus rose to a three-month high in August, as exports grew much faster than expected, official data showed on Tuesday.
According to Statistics Indonesia, the country reported a surplus of $2.89 billion in August. The surplus was …
ABU DHABI: Despite the complexity of varying data sovereignty laws, global investment in AI infrastructure remains robust, with investments striving to keep pace with the growing demand for data storage and processing, according to a G42 report.
Issu…
South Korea’s fiscal deficit grew markedly during the first seven months of 2024 amid weak corporate performances and growing state expenditures, the Finance Ministry in South Korea said Tuesday.
The managed fiscal balance, a key gauge of fiscal heal…
LONDON: The Middle East is on course to take US$75.63 billion of investment in renewable energy projects through to 2030. This is according to a new report released today by the Energy Industries Council, one of the world’s largest energy trade associ…
Oil prices extended gains on Tuesday as the market eyed US output concerns in the aftermath of Hurricane Francine and expectations of lower US crude stockpiles.
Brent crude futures for November rose 16 cents, or 0.2% at $72.91 a barrel at 0120 GMT. U…
DUBAI: Dubai is set to revolutionise urban transportation by introducing fully electric air taxis in the first quarter of 2026 as part of its Advanced Air Mobility (AAM) initiatives, a senior official revealed.
Powered by Joby Aviation, the first poi…
Bethlehem- Ma’an- The digital currency market has become one of the fastest growing and most exciting financial markets in the world. This market is an attractive option for many investors thanks to the high returns achieved by some digital currencies…
ABU DHABI: The third edition of the World Utilities Congress is underway in Abu Dhabi, bringing together global ministers, CEOs, and industry pioneers to address critical challenges in energy transitions, grid modernisation, and water security.
Under…
ABU DHABI: Microsoft Corp. and G42 have announced that they will be establishing two new centres in Abu Dhabi to advance their collective Responsible AI goals. The centres are part of their partnership announced earlier this year.
Co-founded and co-f…
Qatar Chamber (QC) showcased its digital services package during its participation in the Advanced Technology for Construction and Services Expo (ConteQ Expo 2024), which concludes Wednesday at the Qatar National Exhibition and Convention Center.
In …
Ramallah – Ma’an – In recent years, the world has witnessed a remarkable development in the spread of alternative products to traditional cigarettes, such as electronic cigarettes, heated tobacco, and nicotine pouches. These products have proven effec…
