Browsing: Business

The emirate ranked first globally as the top destination for job creation and capital inflows in the cultural and creative industries (CCI) sector, out of 115 other destinations in the report

RIYADH: Energy investment in the Middle East is projected to reach approximately $175 billion in 2024, with clean resources accounting for around 15 percent of the total, a new report disclosed. 

American chip giant Nvidia overtook Apple to become the second-most-valuable company in the world on Wednesday, after the semiconductor designer’s valuation surged past the $3 trillion mark.

Russia is ready to support new ways of facilitating international payments, including cryptocurrencies, Deputy Finance Minister Ivan Chebeskov has said, signaling a potential shift in government policy. He also argued that global trust in the US dollar and the euro has eroded significantly.

OPEC Secretary General Haitham al-Ghais on Thursday defended the recent adjustments to the OPEC+ oil output deal, calling it a success.Speaking…

OPEC+ ministers rejected oil’s bearish reaction to its decision to gradually boost crude production from October and predicted the market will eventually see that the group’s policy is correct.

Novo Nordisk is facing the prospect of intensifying competition in the promising Chinese market where drugmakers are developing at least 15 generic versions of its diabetes drug Ozempic and weight loss treatment Wegovy, clinical trial records showed.

Western countries are “shooting themselves in the foot” by imposing sanctions on Russia, Finance Minister Anton Siluanov said at the St. Petersburg International Economic Forum (SPIEF) on Thursday. He was commenting on Russia being ranked among the world’s top four economies in terms of purchasing power parity (PPP).

Russia is advocating for global cooperation based on equality and the rule of law, presidential spokesman Dmitry Peskov says

PARIS: During the first day of the second edition of Vision Golfe 2024, held in Paris at the French Ministry of Economy, Finance and Industrial and Digital Sovereignty, the Saudi Port Authority and the Marseille equivalent signed a memorandum of understanding.