This law will allow companies which import fully assembled products into the country to import only the parts and assemble them in Paraguay and thus market these products as ‘Made…
Official statistics from the European Commission report that in 2024, Europe imported €11.218 billion from the UAE, out of which €11.055 billion were industrial products. In March 2001, His Highness…
This optimism comes after a 30% drop in visits to Australia’s ski resorts since 2020, with ski holidays becoming too expensive for most Australians. Australia’s tourism industry has received a…
UAE-headquartered EGA, which is jointly owned by Abu Dhabi’s Mubadala Investment Co. and the Investment Corporation of Dubai, has been planning for an IPO for nearly 10 years. Emirates Global…
Lucid Group has set up its first-ever car manufacturing plant in Saudi Arabia, where it will produce its groundbreaking cars for the local market and export them to other markets.…
The Fed’s decisions have a strong influence on Gulf monetary policy, as most regional currencies are dependent on the US dollar. As Gulf shares rise on the hope that US…
ADNOC signed a 10-year agreement with Hindustan Petroleum to deliver 500,000 metric tonnes of liquefied natural gas annually. Abu Dhabi National Oil Company (ADNOC) signed agreements with Hindustan Petroleum Corp…
Standard Chartered reported that first-half net profit increased 41% to US$3.07 billion on Thursday. It cites that affluent wealth management was the growth engine. Hong Kong plays a significant role…
As artificial intelligence (AI) booms, many software development companies, including Lovable and Bolt, are developing their own AI, posing a threat to Figma. Design software maker Figma shares surged 250%…
The UAE is trying hard to strengthen its trade ties to diversify its economy. Its economy rose by 4% last year, caused by a robust increase in its non-oil industry.…