Author: Steven Sahiounie

Oman’s economy has rebounded significantly after its GDP nosedived 3.4% – or RO1bn – during the pandemic: H E Saeed bin Mohammed al Saqri

The UAE continues to hold its position at 10th place in the Brand Finance Soft Power Index 2024 for the second consecutive year, standing as the only Gulf nation among the world’s top 10 soft powers.

SINGAPORE – Oil prices fell on Thursday after a larger-than-expected build in U.S. crude stockpiles stoked worries about slow demand, while signs that U.S. interest rates could remain elevated added to pressure.

Euro zone inflation dipped further this month, strengthening the case for the European Central Bank to start easing interest rates from record highs later this year, data from some of the euro zone’s biggest economies showed on Thursday.

Oil prices were little changed Thursday as investors kept their powder dry ahead of U.S. data expected to offer further clues on the outlook for interest rates.

Fiji Deputy Prime Minister Manoa Seru Kamikamica said the current text did not address the Pacific Islands’ concerns about the environment

Measures would be taken to convert $5 billion to Egyptian pounds from the UAE’s Egyptian central bank deposit, Madbouly added

The Director-General of the World Trade Organisation (WTO), Ngozi Okonjo-Iweala, told the business community that its support and engagement, as direct users of the WTO system, are particularly important, during the opening of the Business Forum at the 13th Ministerial Conference (MC13) on Wednesday.

The WTO meeting in the capital of the United Arab Emirates had opened on Monday with major disagreements between the body’s 164 member states on key issues

Double-digit growth in the manufacturing sector, followed by a good growth rate of construction sector were responsible for the better-than-expected performance