UAE’s non-oil economy set for 4.7% growth in 2024, says UBS expert
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...
Tag : MENA Newswire
Surge in European electricity prices adds pressure to fragile economy
European wholesale electricity prices are at record highs, exacerbating economic strain on businesses and consumers already battling weak demand and inflationary pressures across industries....
Luxury brands struggle as only a third project growth in 2024
The global luxury market faces a 2% decline in 2024, with 50 million consumers exiting due to high prices and reduced innovation, Bain & Company’s...
EU delays anti-deforestation law implementation to December 2025
The EU postponed its anti-deforestation law enforcement to December 2025, citing stakeholder concerns. Environmental groups criticize the delay, while exporters argue it allows time for...
Dubai unveils first global maritime code to boost port infrastructure
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...
Ishiba pledges major reforms in Japan following re-election by parliament
Japan’s PM Shigeru Ishiba will pursue party and legislative reforms, pledging ¥10 trillion to boost high-tech sectors, strengthen AI and chips, and advance Japan’s economic...
Mukhtar Babayev emphasizes unity at COP29’s opening session in Baku
COP29 President Mukhtar Babayev commits to advancing the UAE Consensus, emphasizing the need for equitable climate finance to aid vulnerable nations. The conference marks a...
ADNOC Gas plans $5 billion Ruwais LNG stake acquisition by 2028
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...
U.S. directs TSMC to halt AI chip shipments to China under new rules
The U.S. government has directed TSMC to halt exports of advanced AI processors to China, imposing new restrictions on shipments due to national security concerns...
South Korea commended by UN for peace and security contributions
UN’s Rosemary DiCarlo praised South Korea’s peacebuilding role, highlighting discussions with Korean officials on security concerns, regional stability, and broader peace initiatives, including efforts on...