Browsing: Business

MENA Newswire News Desk: Abu Dhabi Future Energy Company PJSC (Masdar) has finalized the acquisition of a 70% stake in TERNA ENERGY SA, a leading renewable energy firm, marking a milestone for the EU’s renewable energy sector. The deal, which

MENA Newswire News Desk: U.S. businesses are stockpiling goods from China in anticipation of a 60% tariff on Chinese imports proposed by President-elect Donald Trump. The planned policy, central to Trump’s second-term agenda, has raised concerns among companies reliant on

MENA Newswire News Desk: The European Commission’s Autumn Forecast has projected modest GDP growth for the European Union (EU) in 2024, marking a gradual recovery after a period of economic stagnation. The EU’s GDP is expected to grow by 0.9%,

MENA Newswire News Desk: Japan’s economy achieved an annualized growth rate of 0.9% in the July-September quarter, maintaining its expansion for the second consecutive quarter. The rise, driven by robust consumer spending, follows temporary income tax cuts and increased summer

MENA Newswire News Desk: Airbus announced that all of its current aircraft models incorporate parts manufactured in the UAE, underscoring a strengthened partnership with Emirati industries. Jean-Brice Dumont, Head of Air Power at Airbus Defence and Space, confirmed this development

MENA Newswire News Desk: India is set to surpass its $100 billion trade target with Russia well ahead of the projected 2030 deadline, according to Indian External Affairs Minister S. Jaishankar. Speaking at the 25th India-Russia Intergovernmental Commission meeting in

MENA Newswire News Desk: The United Arab Emirates (UAE) is set to exceed $40 billion in diamond trade this year, according to Juma Al Kait, Assistant Undersecretary for International Trade Affairs at the Ministry of Economy. Speaking on the sidelines

MENA Newswire News Desk: Aldar has officially announced the launch of Mamsha Gardens, a new residential project situated adjacent to Mamsha Al Saadiyat and the Saadiyat Cultural District on Saadiyat Island. This latest development aims to expand residential options in

MENA Newswire News Desk: TECOM Group has reported a net profit of AED293 million for the first quarter of 2024, marking a 15% increase compared to the same period last year. This performance reflects solid financial and operational growth across

MENA Newswire News Desk: Japan’s oil imports for September 2024 reached 72.87 million barrels, with a dominant share of 81.4% coming from the Gulf Cooperation Council (GCC) nations, particularly the United Arab Emirates (UAE) and Saudi Arabia, according to the