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GCC-US trade hits $93.6 billion in 2023, but investment flows show mixed signals

According to the Statistical Centre of the Cooperation Council for the Arab States of the Gulf, the GCC exported goods worth $57.5 billion to...

Crypto’s No. 2 token Ether, posts best week since 2021 amid trade thaw, tech optimism

Ether surged nearly 33% this week, marking its strongest rally in over three years, as easing global trade tensions and a major network upgrade boosted investor confidence in the digital asset market.

U.S. Dollar on the course for worst two-month slide since 2002

After a turbulent March and April, the dollar was set to fall 7.7%, marking its biggest two-month drop since May 2002. Although the dollar...

Antarctica’s economic impact: Research reveals a $180 billion annual value

A groundbreaking study sheds light on the economic significance of Antarctica and the surrounding Southern Ocean.

Dubai Industrial City strengthens regional manufacturing and circular economy in 2023 with 15% growth in F&B customers

12 new F&B customers in TECOM Group’s dedicated industrial district represent investment of approximately AED 800 million

Dubai launches “Future of Work program” to develop and adopt best work practices in government

13 government entities join program to identify challenges and opportunities in the work environment in line with the objectives of Dubai Social Agenda 33.

Global trade takes hit as Suez Canal sees 42% drop in transit volume amidst Red Sea crisis

The volume of commercial transit traffic through the vital Egyptian Suez Canal has plummeted by 42% in the past two months, according to the United Nations.

Panama’s coffee farmers brew resilience for the Canal amidst drought crisis

To combat environmental damage and bolster the drought-stricken Panama Canal, an innovative incentive program supporting coffee farmers has emerged as a beacon of sustainable change.

Nuclear renaissance: International Energy Agency forecasts historic highs in 2025

The International Energy Agency (IEA) forecasts that nuclear power generation is set to soar to unprecedented heights in 2025.

The future of Britain’s steel industry at a crossroads

Amidst the looming closure of Tata Steel's blast furnaces at Port Talbot in South Wales, the United Kingdom finds itself at a crossroads for its steel industry.

Brexit aftermath looms: U.K. businesses brace for post-Brexit trade disruption

In the wake of impending post-Brexit customs changes set to kick in this month, British businesses are sounding the alarm, cautioning about potential trade chaos. The lack of readiness among E.U. exporters and concerns about Britain's port infrastructure readiness have created a perfect storm.

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National Life and General Insurance Company: Delivering value beyond insurance to customers

Oman’s largest insurer NLGIC is on course to become a regional multi-line, multi-country giant delivering value beyond insurance to the customers.

AI central to UAE’s economic diversification, says COP28 President-Designate

AI will contribute to the UAE’s net zero strategic initiative by 2050 and help unlock advances in climate progress, says H.E. Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology.

Economic growth in GCC to more than halve in 2023: World Bank report

However, the GCC growth will still outperform the wider Middle East and North Africa region, forecast to grow by 3% in 2023, down from 5.8% growth in 2022.

KitchenomiKs aims to transform on-demand food economy in Oman

KitchenomiKs cooks up dainty on-demand delicacies, tossing in emerging technologies, yummy multi-brand choices and seamless delivery.

Real estate sector in GCC experiencing ‘profound transformation’: Expert

The real estate sector in the GCC region is...
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