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 was completed following

MENA Newswire News Desk: Wage inequality has declined in approximately two-thirds of countries since the turn of the century, according to a newly released report by the International Labour Organisation (ILO). The Global Wage Report 2024-25: Is Wage Inequality Decreasing Globally? highlights that

MENA Newswire News Desk: Germany has reported a notable increase in corporate insolvencies, with October 2024 registering a 22.9% rise compared to the same month last year. According to data from the Federal Statistical Office (Destatis), corporate insolvencies reached 1,937 in October, up

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 Chinese manufacturing.

MENA Newswire News Desk: The Ports, Customs, and Free Zone Corporation (PCFC) has officially launched the “Dubai Code for Ports,” a global first in maritime infrastructure. This comprehensive technical guide establishes a detailed framework of specifications and standards for port, marina, and maritime activity

MENA Newswire News Desk: Burjeel Holdings PLC, listed on the Abu Dhabi Securities Exchange (ADX), reported robust financial growth for the third quarter of 2024, as per results prepared under International Financial Reporting Standards (IFRS). The Group’s revenue reached AED 1.3 billion, supported

MENA Newswire News Desk:  The European Union (EU) has reaffirmed its commitment to advancing global climate initiatives, pledging robust support for finance and investment targets aimed at tackling climate change during the 29th Conference of the Parties (COP29) under the United Nations Framework Convention

MENA Newswire News Desk: The value of Russia’s gold holdings exceeded $200 billion for the first time in October, marking a historic milestone as bullion’s share in the country’s international reserves climbed to 32.9%, according to The Bank of Russia. The central bank

MENA Newswire News Desk: The United Arab Emirates (UAE) is projected to see its Gross Domestic Product (GDP) grow by 3.3 percent in 2024 and rise to 4.1 percent in 2025, according to the latest semi-annual Middle East and North

MENA Newswire News Desk: South Korea’s exports of information and communication technology (ICT) products surged for the 11th consecutive month in September, driven primarily by robust semiconductor sales. According to data from the Ministry of Science and ICT, outbound shipments