Business

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…

The State of Qatar chaired the fifth extraordinary meeting of the Undersecretaries of Ministries of Industry of the Gulf Cooperation Council (GCC) countries, which was held today in Doha.

The meeting was attended by Their Excellencies, the Undersecre…

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…

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 …

SHARJAH: The Sharjah Investment Forum (SIF) 2024 on Wednesday explored the challenges and opportunities nations face in creating technologically advanced economies, providing actionable insights to adapt to the rapidly changing global landscape. The p…

ABU DHABI: The Abu Dhabi Department of Energy (DoE), the regulatory body responsible for overseeing the energy sector in Abu Dhabi, has launched a series of Foresight Reports, in line with its commitment to adopting a proactive approach that enables i…

ABU DHABI: TAQA Water Solutions today announced a groundbreaking AED150 million transformative wastewater management project set to redefine infrastructure standards in Al Bahia and Al Sadr. The world-class development project, awarded to Gulf Contrac…

ABU DHABI: The liquid assets of the UAE’s banking sector exceeded AED800 billion by the end of Q2 2024, according to the latest statistics of the Central Bank of the UAE (CBUAE).

The value of liquid assets recorded AED801.52 billion at the end of Q2 …