Browsing: Business
The UAE’s non-oil economy is forecast to grow 4.7% in 2024, driven by tourism, real estate, and infrastructure projects, alongside robust foreign investments and diversification efforts.
Dubai’s PCFC launches the Dubai Code for Ports, a global first, setting new standards in maritime infrastructure and supporting Dubai’s growth as a leading global trade hub.
ADNOC Gas finalizes plans to acquire a majority stake in Ruwais LNG by 2028, aligning with its $15 billion CAPEX initiative and advanced low-carbon facility goals.
Apple’s record revenue in India reflects growing demand for iPhones and services, with CEO Tim Cook highlighting a September quarter record and plans to open four new stores in the country.
Dubai Aerospace Enterprise reported $310.8 million net profit for Jan–Sep 2024, a 55% increase year-over-year, supported by strategic aircraft acquisitions and rising revenue.
South Korea’s corporate financing surged by 57.6% in September, driven by strong bond sales. Companies raised 31.6 trillion won, while equity issues declined significantly.
Russia’s GDP grew by 4.2% in the first eight months of 2024, driven by expanding international trade and stronger economic partnerships with ‘friendly’ 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 World Economic Forum launched a platform to boost clean energy investment with 100 solutions from 47 countries, aiming to unlock $1.7 trillion in finance for emerging markets.
Azizi Developments has signed a 50-year lease in KEZAD to build 12 factories worth AED1 billion, supporting modular construction and sustainable practices in the real estate sector.