Browsing: Business

The Dubai World Trade Centre (DWTC) launched the first quarter with an impressive conference and exhibition lineup. In the first nine months of 2022, Dubai returned to pre-pandemic economic form with year-on-year GDP growth of 4.6 percent.

DP World has partnered with A.P. Moller-Maersk (Maersk) to improve operational efficiencies, enhance customer service and reduce carbon emissions. Maersk will benefit from the long-term strategic partnership and will implement enhanced processes to improve quayside productivity, reduce bunker fuel consumption

This week, Goldman Sachs will embark on one of its largest rounds of layoffs since the financial crisis. As part of a restructuring plan, the bank started layoffs on Tuesday that will result in the loss of up to 3,200

Masdar has signed an agreement with the Kyrgyz Ministry of Energy to develop a pipeline of renewable energy projects in the country. The projects, with a total capacity of up to 1 gigawatt (GW), begin with a 200 megawatt (MW)

Bahrain-based Investcorp, which counts Mubadala Investment Company as its biggest shareholder, announced today that it will invest $1 billion in the GCC real estate market. It follows Investcorp’s first real estate purchase in Saudi Arabia. The investment consists of a new, state-of-the-art, 215,000

The UAE-India Comprehensive Economic Partnership Agreement (CEPA) contributed to an increase in Indian gem and jewellery exports of 8.26 percent in the current financial year, according to Vipul Shah, Chairman of the Gem and Jewellery Export Promotion Council (GJEPC). During

As the dollar strengthened ahead of a closely watched U.S. jobs report that could provide more insight into the Federal Reserve’s interest rate-hike plans, gold prices advanced on Friday after a sharp drop in the previous session. As of 1008

As part of its expansion strategy, Abu Dhabi Islamic Bank (ADIB) has announced that it will have a greater than 52% ownership stake in ADIB Egypt. As disclosed to the Abu Dhabi Securities Exchange (ADX) on Thursday, ADIB announced that

ADNOC, a reliable and responsible provider of energy with low carbon intensity, announced today a bold new strategy to decarbonize its operations globally. In November 2022, ADNOC’s Board of Directors approved its Net Zero by 2050 ambition and accelerated delivery

Markets fell Monday evening ahead of the latest Federal Reserve meeting minutes and a flurry of economic data. Dow Jones Industrial Average futures fell 72 points, or 0.2%. Nasdaq 100 futures fell 0.44% and S&P 500 futures lost 0.28%. In