Category: Business

Norway’s economy grew for the third straight quarter this year as a rebound in purchasing power boosted consumption and a weaker currency supported exports.

The Norwegian Statistics Office said in a statement issued Thursday that the GDP in the mainl…

ABU DHABI: E7 Group, part of ADQ and listed on the Abu Dhabi Securities Exchange, announced that it will commence the production of digital tax stamps in 2025, with a total investment of AED182 million. This investment will bolster its capacity to des…

The presidential office expressed disappointment over the Bank of Korea’s decision to freeze the key rate at 3.5 percent Thursday, citing concerns over its impact on domestic consumption.

“The interest rate decision lies within the authority of the M…

BEIJING: China’s central bank conducted 359.3 billion yuan (US$50.44 billion) of seven-day reverse repos at an interest rate of 1.7 percent on Thursday.

Xinhua News Agency quoted a statement from the People’s Bank of China as saying that the move aim…

DUBAI: The Mohammed Bin Rashid Establishment for Small and Medium Enterprises Development (Dubai SME), an agency of the Dubai Department of Economy and Tourism (DET), significantly enhanced its support for entrepreneurs and businesses in the first hal…

Oil prices fell on Tuesday on estimates showing an increase in US crude inventories.

Brent crude futures fell 9 cents, or 0.1%, to $77.11 a barrel, while US West Texas Intermediate crude lost 12 cents, or 0.2%, to $73.05 a barrel.

According to marke…

DUBAI: du, Emirates Integrated Telecommunications Company (EITC); and etisalat by eand, today announced a strategic collaboration with Nakheel, a member of Dubai Holding, to provide fixed telecom services and enhance the ICT infrastructure in new deve…

China has been helping African countries alleviate debt pressure through multiple channels, a commerce official said Tuesday.

Under the framework of the G20’s Debt Service Suspension Initiative, China has played an active role in helping relevant nat…