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Author: Steven Sahiounie
The Tourism Real Estate Agency and Algeria’s Agency for Tourist Real Estate (ANFT) signed Thurdsay a twinning agreement which regulates cooperation in tourist development.
The ministry expects to reach financial close in 2025 with construction, commissioning and commercial operations due in 2026, Abdelghafour El Hadjaoui said in a presentation seen by Reuters
Adjusted for inflation both overall consumption and disposable income dropped slightly in April Price cuts by major U.S. retailers and new data showing a slowdown in consumer spending may boost the Federal Reserve’s confidence in falling inflation and take the edge off of corporate profits that have grabbed a larger share of national income since the start of the COVID-19 pandemic. Adjusted for inflation both overall consumption and disposable income dropped slightly in April. The Commerce Department had reported on Thursday that the U.S. economy grew more slowly than initially thought over the first three months of the year largely…
The agreement aims to establish tax treaties between the two countries to eliminate all cases of double taxation
ABU DHABI: Abdullah bin Touq Al Marri, Minister of Economy, said that preliminary data for the UAE’s 2023 GDP showcases positive growth trends across various indicators, including key sectors crucial to the national economy, as outlined by the Federal Competitiveness and Statistics Centre.
RIYADH: Energy giant Saudi Aramco has completed the acquisition of a 40 percent equity stake in Gas & Oil Pakistan as the company continues its global retail expansion.
RIYADH: The rapid adoption of clean technologies can enhance the affordability of energy, according to a new report.
RIYADH: Saudi Arabia is set to elevate its tourism and services to a “world-class experience” through cloud-powered digital solutions by partnering with enterprise software developer Informatica Inc., said a senior executive.
HOUSTON/BEIJING: Oil prices fell in Asia on Friday as comments from a Federal Reserve official bolstered expectations of rates staying higher for longer, a view that will be tested later in the day with a keenly-awaited US inflation report, according to Reuters. The market, which is waiting on a weekend OPEC+ decision on production cuts, was weighed down in overnight trade by a surprise build in US gasoline stocks. Brent futures were down 3 cents, or 0.04 percent, to $81.83 per barrel at 9:01 a.m. Saudi time, while US West Texas Intermediate crude fell 10 cents, or 0.13 percent, to $77.81. Dallas…
The US Department of Labor on Thursday sued South Korean auto giant Hyundai Motor Co, an auto parts plant and a labor recruiter over illegal use of child labor in Alabama.
