Category: Business

The Central Bank of Libya administration assigned by the Presidential Council said that all accounts, including tax fees and reserves, are still as they are in the records and no action has been taken regarding them, considering that these procedures …

DUBAI: The highly anticipated countdown to Dubai Shopping Festival (DSF) has officially begun, Dubai Festivals and Retail Establishment (DFRE) will be bringing together the entire emirate like never before for the greatest, out-of-this-world 30th-anni…

Saudi Arabia’s Central Bank announced Wednesday it slashed the repurchase agreement (repo) rate by 50 basis points to 5.50 percent, and the reverse repo rate by 50 basis points to 5.00 percent.

A statement from the bank said the move comes in line wi…

Japan and the United Arab Emirates (UAE) have decided to launch negotiations for a free trade agreement (FTA), Japanese Foreign Minister Yoko Kamikawa announced Wednesday. In a press conference, minister Kamikawa expressed hope of “concluding an ambi…

In light of its vigilant monitoring of the domestic and international economic developments and the end of the monetary tightening cycle initiated since March 2022 at most of global central banks, the Board of Directors of the Central Bank of Kuwait …

ABU DHABI: H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has inaugurated a new partnership between Mubadala Investment Company (Mubadala) and Aldar Properties (Aldar) to …

DUBAI: Ryan McPherson, Regional Director, Middle East and Africa at the Energy Industries Council (EIC), hailed the UAE’s rapid progress in clean energy.

He highlighted the nation’s bold, all-encompassing strategy that harnesses solar, wind, green hy…

Oil prices held steady on Wednesday, after rising in the previous two sessions, as investors await the US Federal Reserves anticipated interest rate cut.

Brent crude futures for November dropped 3 cents to $73.67 a barrel. US crude futures for Octobe…