Browsing: Business
A new IEA report highlights growing investment in low-emissions hydrogen projects but stresses the need for stronger policies to boost demand in key sectors such as industry and transport.
The UAE’s insurance sector recorded AED 2.5 billion in profits for 2023, driven by higher investment income, and witnessed a sharp rise in written policies, according to the Central Bank of the UAE.
The Abu Dhabi Securities Exchange logged 15 large direct deals involving shares of ADNOC Gas and Modon Holding, totaling AED 2.66 billion in transactions across two major sectors.
The EU imported 2.7 million tonnes of coffee from non-EU countries in 2023, valued at €10.6 billion, with Brazil and Vietnam supplying 58% of total imports, according to Eurostat.
Azizi Developments has signed a 50-year lease in KEZAD to build 12 factories worth AED1 billion, supporting modular construction and sustainable practices in the real estate sector.
Masdar has finalized the acquisition of a 50% stake in Terra-Gen from Energy Capital Partners, further strengthening its position in the U.S. renewable energy sector.
Federal Reserve Chair Jerome Powell emphasized a cautious approach to future rate cuts, noting that the Fed will act based on economic conditions, inflation trends, and the job market.
MENA Newswire News Desk: The Republic of Korea and the United Kingdom have officially launched a new high-level dialogue platform aimed at…
Global rice prices dropped after India resumed non-basmati white rice exports, easing supply concerns for importers in Asia and Africa and stabilizing the market.
Saudi Arabia has achieved a milestone with 558 million kg of poultry production in H1 2024, a 9% increase from 2023. The growth is attributed to biosecurity and financial support measures.