Business

ABU DHABI: The Abu Dhabi Real Estate Centre (ADREC), the custodian and regulator of Abu Dhabi’s real estate sector, announced today that the Abu Dhabi real estate market has recorded a remarkable 225% surge in foreign direct investment for the first h…

ABU DHABI: Etihad Cargo, the cargo and logistics arm of Etihad Airways, has reported significant growth in H1 2024. The carrier reported a 17% increase in tonnage from H1 2023 to H1 2024. This robust performance underscores Etihad Cargo’s commitment t…

The dollar extended losses on Wednesday after falling against major currencies overnight as upbeat US producer price data reinforced bets on a rate cut this year.

Risk-sensitive currencies stayed strong after the unexpected softening in inflation buo…

China-Africa trade saw steady growth in the first seven months of 2024.

China’s General Administration of Customs (GACC) revealed that trade between China and Africa rose 5.5 percent year-over-year (YOY) to CNY 1.19 trillion (about USD 166.6 billion)…

BEIJING: China’s Central Bank conducted 369.2 billion yuan (about 51.7 billion U.S. dollars) of seven-day reverse repos at an interest rate of 1.7 percent Wednesday.

The move aims to keep liquidity reasonable and ample in the banking system, the cent…

Riyadh, The Ministry of Industry and Mineral Resources, in collaboration with the Ministry of Investment, organized a webinar for Canadian and Australian companies, introducing the investment opportunities in the Saudi mining sector, enablers and ince…

German direct investment into China has risen sharply this year, in a sign that companies in Europes largest economy are ignoring pleas from their government to diversify into other, less geopolitically risky markets, the Financial Times said.

Figure…

Doha: The net profits of Gulf International Services increased by 27 percent in the first half of 2024 to reach QR 356.409 million, compared to QR 280.970 million for the same period in 2023.

Data issued by the company and published on the Qatar Stoc…