Browsing: Business
In the wake of the developments in Ukraine, food prices fell for the fourth consecutive month in July, according to the Food and Agricultural Organization (FAO). As expected, the UN agency has published its latest Food Price Index, a barometer
A joint development agreement between Masdar and Tanzania Electric Supply Company Ltd. (TANESCO) has been signed regarding the development of renewable energy projects up to 2 gigawatts (GW). The signing was attended by Hon. January Makamba, Minister for Energy for
Early bird ticket sales for the Abu Dhabi International Boat Show (ADIBS), the UAE capital’s prestigious boating, marine, and fishing show, have begun. From 24 to 27 November 2022, the Abu Dhabi National Exhibitions Company (ADNEC) will host the fourth
The UAE has witnessed significant growth in Foreign Direct Investment (FDI) in the recent years, despite the COVID-19 pandemic. The Ministry of Economy reported that during the past decade, FDIs increased by 116 percent, amounting to US$20.667 billion in 2021
As one of the world’s largest oil producers, and considering future directions to increase energy productivity, Haitham Al Ghais, Secretary-General of the Organisation of the Petroleum Exporting Countries (OPEC), affirmed that the UAE plays a crucial role in securing oil
Under Prime Minister Narendra Modi, India has planned to build and operationalize 220 airports, heliports, and water aerodromes over the next five years. In a written reply to a question in the Rajya Sabha, Union Minister for Civil Aviation Jyotiraditya
The revenue from the Suez Canal for Egypt in July amounted to $704 million, according to the chairman of the Suez Canal Authority, Osama Rabea, on Tuesday. According to Rabea, the Canal has reached its highest transit rate of 2,103
Ayman Safadi, Jordan’s foreign minister, and UN Secretary-General Antonio Guterres affirmed Jordan’s partnership with the UN and their cooperation in tackling challenges. In their meeting, Safadi and Guterres discussed ways to maintain regional stability and support UNRWA and Syrian refugees.
Investment in power projects in the Middle East and North Africa (MENA) is expected to rise from 2021 to 2025 due to strong economic growth and a goal of net zero emissions by 2050. Regional and global power and utility
The Dubai International Financial Center (DIFC) announced that Lord Abbett (Middle East) Limited, a leading asset manager, was approved by Dubai Financial Services Authority (DFSA) for its first Middle East branch. The company’s investment and client-led proposition will now be