Browsing: Business

UAE and New Zealand finalize comprehensive economic partnership agreement

MENA Newswire News Desk: The United Arab Emirates and New Zealand have successfully concluded negotiations on a Comprehensive Economic Partnership Agreement (CEPA), marking a significant milestone in strengthening economic ties between the two nations. The agreement, once finalized, aims to

Al Seer Marine expands fleet with two new MR tankers delivery

MENA Newswire News Desk: Al Seer Marine, a subsidiary of International Holding Company (IHC), has expanded its fleet with the delivery of two new MR tankers, M.T. Betelgeuse and M.T. Bellatrix. These vessels are the first of six New Building

Qualcomm considers acquisition of Intel as potential takeover looms

MENA Newswire News Desk: Chipmaker Qualcomm has approached its struggling rival Intel about a possible takeover in recent days, according to sources familiar with the matter. The potential deal, which remains far from certain, has yet to result in a

Oxford Economics forecasts 4.8% growth for UAE economy by 2025

MENA Newswire News Desk – The UAE is expected to witness significant economic growth, with a 4.8% expansion projected by 2025, according to Oxford Economics. This growth will be driven primarily by the non-oil sector, buoyed by government investment and

Arab stock markets hit $4.268 trillion in August growth

MENA Newswire News Desk: The total market capitalization of Arab stock exchanges reached $4.268 trillion by the end of August 2024, reflecting a 0.52% growth from July 2024, according to the latest figures from the Arab Monetary Fund (AMF). This

Dow jumps 380 points as Wall Street celebrates Fed rate cut

MENA Newswire News Desk: Stocks surged on Thursday as Wall Street celebrated the Federal Reserve’s significant rate cut. The Dow Jones Industrial Average rose by 380 points, or 0.9%, while the S&P 500 gained 1.5%, and the Nasdaq Composite surged

IRENA to host Central Asia energy forum in Baku in November

MENA Newswire News Desk: The International Renewable Energy Agency (IRENA), in partnership with the COP29 Presidency and Azerbaijan’s Ministry of Energy, announced today that the first Energy Transition Investment Forum for Central Asia will be held in Baku on November

UAE launches global ‘Invest in the Emirates’ campaign

MENA Newswire News Desk: The UAE has officially launched its “Invest in the Emirates” campaign, aimed at attracting global innovators, entrepreneurs, and top talents to the country’s burgeoning business environment. The initiative seeks to position the UAE as a hub

European stocks fall for fifth day as US data disappoints

MENA Newswire News Desk: European and Asian stock markets slid on Friday as investors awaited the release of key U.S. jobs data that could significantly influence the Federal Reserve’s next move on interest rates. The anticipated payroll report is expected to provide crucial insights