In 2023, Emirates Development Bank EDB’s contribution to the UAE’s industrial GDP surged by 80 per cent, reaching Dh4.3 billion from Dh2.4 billion on 2022 and bringing the total loans financed by the Bank to Dh8.7 billion since the launch of its strategy in 2021, a senior official said.

Finance leaders from the world’s largest economies failed to agree on a joint statement as they wrapped up talks on Thursday, with divisions over the wars in Gaza and Ukraine overshadowing efforts to forge a consensus on global economic development.

While AI optimism helped buoy trading in New York, global markets diverged over questions about when the US Federal Reserve might begin cutting interest rates

This will be done by setting profit margins or maximum prices, said director of the National Supply and Price Observatory, Ramzi Trabelsi

LONDON – Investors poured the most cash into technology stocks since August in the week to Wednesday and doubled the amount they put into cryptocurrencies, according to a report on Friday from Bank of America Global Research.

Recommended actions, particularly in richer countries, include dietary changes that would reduce food waste and cut back on animal protein, more efficient transport systems, and denser housing using recycled building materials