ABU DHABI: The latest ICAEW Economic Insight report for the Middle East, prepared by Oxford Economics, said that the GCC region is poised for a significant rebound, with growth projected to more than double to 4.4% in 2025.
The report highlighted tha…
Minister of Trade Athir Dawood Al-Ghariri discussed with the Azerbaijani Minister of Transport and Digital Development, Rashad Nabiyev, today, Wednesday, enhancing joint trade cooperation and finding new mechanisms for transporting goods and commoditi…
Dubai Financial Market (DFM) has announced that it will be changing the name of existing listed ‘Micro DME Oman Crude Oil Futures’ to ‘Micro GME Oman Crude Oil Futures’ which are available for trading on DFM Derivatives platform.
In a circular on We…
Oil prices closed higher on Tuesday, reaching their highest level this month, with increasing supply disruptions and traders betting that demand will grow if the Federal Reserve/US Central Bank/cuts borrowing costs this week.
Brent crude futures rose…
SHARJAH: The Sharjah Economic Development Department (SEDD) is taking part in the seventh Sharjah Investment Forum (SIF 2024), organised by the Sharjah FDI Office, “Invest in Sharjah.”
The forum, focused on a futuristic vision for smart economies, of…
Central Bank of Kuwait (CBK) announced a 25 basis point reduction in the benchmark discount rate to four percent from 4.25 percent.
The new discount rates will be effective tomorrow, Thursday.
CBK Governor Basel Al Haroon told the Kuwait News Agency…
SEOUL: The Republic of Korea’s car exports fell 4.3 percent on-year in August, data showed Thursday, although robust shipments of hybrid models limited the overall decline.
Yonhap News Agency quoted the Ministry of Trade, Industry and Energy as sayin…
Qatar Central Bank announced a 55 basis point cut to its benchmark interest rate on Wednesday.
A QCB post on X said the move came following an assessment of the State of Qatar’s current monetary policy, based on the Monetary Policy Committee decision…
SHARJAH: Abdulaziz Ahmed Al-Shamsi, Director-General of the Sharjah Real Estate Registration Department, said that the Fourth Industrial Revolution brings both significant challenges and vast opportunities to various economic sectors, including real e…
European stock indices closed lower Wednesday as investors avoided risk ahead of the US interest rate decision that could mark the start of a monetary easing cycle in the world’s largest economy.
The European Stoxx 600 index fell 0.5 percent, led by …
ABU DHABI: The Central Bank of the UAE (CBUAE) has decided to cut the Base Rate applicable to the Overnight Deposit Facility (ODF) by 50 basis points, from 5.40 to 4.90 percent, effective from 19th September.
This decision was taken following the US …
The following is a statement by the High Representative of the European Union for Foreign Affairs and Security Policy, Josep Borrell, on the series of explosions across Lebanon: ‘Following yesterday’s series of explosions in Lebanon, I called the Leb…
