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Germany’s Mercedes-Benz lowers forecast due to weakness in China

20 Sep 2024

German high-end carmaker Mercedes-Benz on Thursday lowered its guidance for the 2024 financial year, citing a deterioration of its business in China. According to German news agency (dpa), the company...

Annual trade deficit in Japan widens to a record $161 billion

20 Apr 2023

Japan’s export growth slowed in March, dragged down by a drop in China-bound shipments of cars and steel in a slide that underscores concern about slackening global demand amid higher...

UAE explores cooperation with global financial organisattions

17 Apr 2023

Mohamed Bin Hadi Al Hussaini, Minister of State for Financial Affairs, held bilateral meetings with a number of senior officials from international financial organisations and institutions on the sidelines of...

Adnoc L&S unveils Integrated Logistics Services Platform

29 Mar 2023

Adnoc Logistics & Services (Adnoc L&S) has unveiled its Integrated Logistics Services Platform (ILSP), one of the largest turnkey offshore logistics offerings in the world that enables coordinated end-to-end management...

Middle East airport plans entails $151 billion in capital expenditure

27 Mar 2023

Gulf Today. Staff Reporter Airports in the Middle East will need to invest $151 billion in capacity expansion as the global air passenger demand is expected to increase...

Sweden could face recession amid housing woes

15 Mar 2023

For years, Sweden has been warned that its dysfunctional housing market, plagued by under-supply and kept aloft by low rates and generous tax benefits, was a risk to the wider...

SVB shockwaves pound bank stocks gripped by contagion fears

14 Mar 2023

Silicon Valley Bank’s (SVB’s) collapse continued to pound global bank stocks on Tuesday as investors fretted over the financial health of some lenders, despite assurances from US President Joe Biden...

UAE will continue to ensure energy sector reaches new heights: Minister

12 Mar 2023

Suhail Bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, reaffirmed that the UAE will continue to forge ahead to ensure all sectors, particularly the energy sector, reach new heights...

Chamber organises event to optimise procurement opportunities

12 Mar 2023

In line with its new strategy and as part of its role as a Networker, the Abu Dhabi Chamber of Commerce and Industry (ADCCI), in cooperation with the National Marine...

UAE pioneer in drawing ambitious talent, offering great opportunities

19 Oct 2022

Inayat-ur-Rahman, Business Editor The ecosystem in the UAE embraces young ambitious talent and screens people not based on “who knows who,” or as we call it “wasta,” but on...

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