Browsing: Business

The EU forecasts modest GDP growth of 0.9% in 2024, with inflation falling sharply and economic stability gradually returning after prolonged stagnation and global economic shocks.

Japan’s GDP grew 0.9% in Q3, supported by consumer spending driven by tax cuts and bonuses. Domestic demand offset external pressures, showcasing the resilience of Japan’s economy.

Dubai’s PCFC launches the Dubai Code for Ports, a global first, setting new standards in maritime infrastructure and supporting Dubai’s growth as a leading global trade hub.

ADNOC L&S posts AED643 million Q3 profit, rising 18% YoY as it expands logistics and shipping operations, fueling overall nine-month revenue growth by 38% in a solid 2024 performance.

Airbus strengthens UAE partnership as all its aircraft now include UAE-made parts, underscoring ambitions to establish the UAE as a strategic hub for global aerospace manufacturing and export.

India and Russia are advancing on a $100 billion trade target, with progress in currency settlements, banking, and balanced trade amid sector diversification and longstanding economic ties.

UAE’s diamond sector is projected to exceed $40 billion this year, boosting the nation’s rank as the third-largest global diamond market, per Ministry of Economy’s Juma Al Kait.

ADNOC Gas finalizes plans to acquire a majority stake in Ruwais LNG by 2028, aligning with its $15 billion CAPEX initiative and advanced low-carbon facility goals.

Russia’s gold holdings hit a record $207.7 billion in October, with gold now making up 32.9% of international reserves, reflecting a shift in strategy by the Bank of Russia.

Net international reserves in UAE’s banking sector grew by AED127.5 billion, reaching AED1.273 trillion by July 2024, with significant contributions from the Central Bank.