Economy

The Mohamed bin Zayed Water Initiative and the World Economic Forum have signed a partnership agreement to advance water innovation and strengthen the enabling conditions needed for practical water solutions to move more rapidly toward adoption and deployment. The partnership brings together The Mohamed bin Zayed Water Initiative’s focus on …

XRG today announced the completion of its acquisition of an equity stake in Southern Gas Corridor CJSC (SGC) from the Ministry of Economy of the Republic of Azerbaijan, following the satisfaction of all conditions precedent and receipt of customary regulatory approvals. The completion represents a major milestone in XRG’s strategy …

The dollar inched up to trade near a two-week high on Tuesday . The dollar index, which measures the greenback against a basket of currencies, was last at 99.55. The euro was slightly weaker against the dollar at $1.1538, as was sterling at $1.3494. The yen also pulled away from …

Oil prices rose past $106 a barrel on Tuesday, driven by supply concerns. By 00:26 GMT, Brent crude futures had risen $1.24, or 1.18%, to $106.93 per barrel, after having gained 1% earlier. U.S. West Texas Intermediate (WTI) crude futures also climbed $1.29, or 1.24%, to $102.65 per barrel, following …

The Republic of Korea’s exports of information and communication technology (ICT) products hit a record high in August, driven by sustained global investments in artificial intelligence (AI). According to Yonhap News Agency, data released on Monday by the Ministry of Science and ICT showed that outbound shipments of ICT products …

Oil prices rose by more than US$3 at the open on Monday amid growing concerns over supplies. Brent crude futures rose $3.62, or 3.46 percent, to $108.23 per barrel, while US West Texas Intermediate (WTI) crude futures gained $3.15, or 3.15 percent, to $103.20 per barrel.

Under the patronage of H.H. Sheikh Humaid bin Rashid Al Nuaimi, Member of the UAE Supreme Council and Ruler of Ajman, the fourth edition of the Ajman Real Estate Investment Exhibition will open tomorrow at Emirates Hospitality Hall and run through September 16, bringing together leading real estate developers, senior …

Dubai’s tourism industry is increasingly demonstrating its strength, with the city’s hotel sector delivering sustained performance growth, according to the latest data released by the Dubai Department of Economy and Tourism (DET) ahead of the opening day of Arabian Travel Market (ATM) 2026. The performance through August reflects the strength …

 Etihad Credit Insurance (ECI), the UAE’s federal export credit company, has signed a Memorandum of Understanding (MoU) with Euler Hermes Aktiengesellschaft, acting on behalf of and for the account of the Federal Republic of Germany to manage its official Export Credit Guarantee Scheme. The MoU establishes a framework for a …

The Republic of Korea’s exports jumped 82.6 percent year-on-year in the first 10 days of September, customs office data showed Friday. Yonhap News Agency reported that data from the Korea Customs Service showed outbound shipments reached $34.97 billion during the 1-10 September period. Imports also rose 20.7 percent year-on-year to …