Browsing: Business

ADQ appoints Modon Holding as master developer for the Ras El Hekma megaproject in Egypt. The project spans 170 million sqm and is expected to create 750,000 jobs by 2045.

The US economy added 254,000 jobs in September, beating projections of 140,000. The unemployment rate dipped to 4.1%, showing continued strength in the labor market.

The UAE’s participation in the BRICS tax officials meeting in Moscow emphasized the importance of global cooperation and tax policy collaboration with other BRICS nations.

Kuwait’s crude oil price surged by $4.5 on Wednesday, reaching $75.40 per barrel, driven by concerns over Middle Eastern tensions and market uncertainty, according to Kuwait Petroleum Corporation.

The UAE, represented by its Ministry of Energy, emphasized international cooperation on energy transition at the BRICS Energy Summit, reinforcing its commitment to climate action and renewable energy.

MENA Newswire News Desk: The Abu Dhabi Securities Exchange (ADX) executed 15 large direct transactions today, involving shares from ADNOC Gas Plc and Modon Holding PSC. The…

A new IEA report highlights growing investment in low-emissions hydrogen projects but stresses the need for stronger policies to boost demand in key sectors such as industry and transport.

The UAE’s insurance sector recorded AED 2.5 billion in profits for 2023, driven by higher investment income, and witnessed a sharp rise in written policies, according to the Central Bank of the UAE.

The Abu Dhabi Securities Exchange logged 15 large direct deals involving shares of ADNOC Gas and Modon Holding, totaling AED 2.66 billion in transactions across two major sectors.

The EU imported 2.7 million tonnes of coffee from non-EU countries in 2023, valued at €10.6 billion, with Brazil and Vietnam supplying 58% of total imports, according to Eurostat.