Brent crude futures dropped $2.01, or 2.4%, to $80.77. Earlier in the day, the global benchmark hit a session low of $78.34, marking its lowest price since early January. Meanwhile, U.S. West Texas Intermediate crude futures (WTI) fell $1.88, or 2.5%, to $74.80 a barrel. WTI had earlier hit a low of $72.30 a barrel, […]
According to a recent report from the Chinese news agency, Xinhua, China has once again secured its place as the world’s largest logistics market for the seventh consecutive year in 2022. The country’s logistics sector revenue reached 12.7 trillion yuan (about US$1.82 trillion) last year, as per the data provided by the China Federation of […]
Dubai’s non-oil private sector economy continued to expand last month as output growth reached its highest rate in four months. According to S&P Global purchasing managers’ index reading, business activity in Dubai’s economy showed a reading of 54.1 in February, down from 54.5 in January, yet still well above the neutral 50 level. The reading […]
Brent crude, the international oil benchmark, dropped by up to 2.8% on Friday morning in New York after reports that the United Arab Emirates (UAE) is considering leaving the Organisation of the Petroleum Exporting Countries (OPEC), a powerful oil producer alliance consisting of 13 members. However, Brent later regained its losses and turned positive, trading […]
Majid Al Futtaim, a leading pioneer in shopping malls, communities, retail, and leisure across the Middle East, Africa, and Central Asia, recently announced its operational and financial results for the year 2022. Despite global economic growth being hampered by inflation, supply chain pressures, and energy shortages, the group demonstrated resilience, posting a 12% increase in […]
DWF Labs aims to invest in 50 startups that operate in the web3 sector, with additional funding opportunities for top-performing companies and a $500,000 investment for the most outstanding business in the cohort. DWF Labs is a member of the broader Digital Wave Finance (DWF) platform, one of the world’s largest high-frequency cryptocurrency trading entities. […]
According to the latest research by HSBC across nine key markets, the UAE is the most popular destination for expatriates, as it ranks highest for expat lifestyle, earnings, and family stability. The survey indicates that the UAE ranks top for lifestyle, increased earnings, family stability, purchasing power, and sustainable living conditions, as it is most […]
According to Cicero & Bernay’s annual CSR Report of 2022, more than 60% of brands in the UAE have seen a positive impact on consumer engagement as a result of increased corporate social responsibility (CSR) activities. The report also indicated that there has been a significant increase in efforts to promote CSR in the UAE […]
The Al-Jouf Dates Festival, held in the Exhibition City of the Dummat Al-Jandal governorate, is providing an opportunity for young entrepreneurs in Saudi Arabia to showcase their talents. As part of its commitment to supporting small businesses, the festival has invited 37 food truck owners to participate in its events.
UAE’s Strategic Development Fund to present HelioTech at IDEX 2023 UAE-based aviation firm Helio Aviation Technologies focusing on designing and manufacturing aircraft is set to present its latest solutions at the International Defense Exhibition and Conference that kick-starts on Feb. 20 in Abu Dhabi.
