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UAE, Azerbaijan agree to develop economic partnership

August 1, 2024 by emadmin

SHUSHA: The ninth session of the UAE-Azerbaijan Joint Intergovernmental Commission (JIC) for Economic, Trade and Technical Cooperation between the two countries was held in the Azerbaijani city of Shusha, chaired by Abdullah bin Touq Al Marri, Ministe…

Categories Business, Trading

Iraq, BP ink oil, gas fields MoU in Kirkuk governorate

August 1, 2024 by emadmin

Iraq’s Ministry of Oil signed a comprehensive Memorandum of Expertise with British Petroleum (BP) to develop oil and gas fields in Kirkuk Governorate, north of the country.

The presidential media office on Thursday mentioned that Prime Minister Moham…

Categories Business, Trading

Ooredoo announces its half-year financial results for 2024

August 1, 2024 by emadmin

Ramallah – Ma’an – Ooredoo Palestine announced its financial disclosure for the first half of 2024 in accordance with the applicable laws and regulations in Palestine. The company’s disclosure statement showed positive performance in various indicator…

Categories Business, Trading

GCC, Indonesia Sign Joint Statement to Launch Negotiations on FTA

August 1, 2024 by emadmin

Secretary-General of the Gulf Cooperation Council (GCC) Jassim Mohammad Al Budaiwi and Indonesia’s Minister of Trade Dr. Zulkifli Hasan signed the joint statement to launch negotiations on the Indonesia-GCC Free Trade Agreement (I-GCC FTA).

Both side…

Categories Business, Trading

Gross banks’ assets saw AED418 billion YoY increase in May 2024: CBUAE

August 1, 2024 by emadmin

ABU DHABI: Gross banks’ assets, including bankers’ acceptances, rose by over 10.8 percent year-on-year (YoY), equivalent to AED418.1 billion, reaching AED4.287 trillion, compared to AED3.869 trillion in May 2023, according to the May figures issued by…

Categories Business, Trading

China’s factory activity contracts for third month

August 1, 2024 by emadmin

China’s factory activity contracted for the third consecutive month in July, government data showed.

The Purchasing Managers Index (PMI) for China’s manufacturing sector, a gauge of activity of some 3,000 big and state-owned firms across the country,…

Categories Business, Trading

Oil Prices Jump nearly Three Percent as US Inventory Falls

August 1, 2024 by emadmin

Oil prices rose 3 percent amid investor fears of a widening conflict in the Middle East and after a sharp drop in US crude inventories.

Brent crude futures climbed $2.09 a barrel, or 2.66%, to $80.72, for delivery in September. The more active Octobe…

Categories Business, Trading

UAE, Azerbaijan agree to develop economic partnership

August 1, 2024 by emadmin

SHUSHA: The ninth session of the UAE-Azerbaijan Joint Intergovernmental Commission (JIC) for Economic, Trade and Technical Cooperation between the two countries was held in the Azerbaijani city of Shusha, chaired by Abdullah bin Touq Al Marri, Ministe…

Categories Business, Trading
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