Browsing: Business

IEA report highlights growth in low-emissions hydrogen, but policies lag

MENA Newswire News Desk: A new report by the International Energy Agency (IEA) reveals a surge in low-emissions hydrogen projects, driven by increasing investment and development. However, the report underscores the need for stronger policies to boost demand in critical

Azizi to build 12 state-of-the-art factories in KEZAD for AED1 billion

MENA Newswire News Desk: Khalifa Economic Zones Abu Dhabi (KEZAD) and UAE-based developer Azizi Developments have signed a 50-year land lease agreement to construct 12 advanced factories in KEZAD Al Ma’mourah. The AED1 billion project will meet the growing demand for housing materials across the

Fed Chair Powell signals smaller rate cuts to keep economy in solid shape

MENA Newswire News Desk: Federal Reserve Chair Jerome Powell reiterated Monday that the central bank will take necessary measures to maintain the economy’s strength, although future interest rate cuts will likely come in smaller increments. Speaking during a Q&A session

UAE and New Zealand finalize comprehensive economic partnership agreement

MENA Newswire News Desk: The United Arab Emirates and New Zealand have successfully concluded negotiations on a Comprehensive Economic Partnership Agreement (CEPA), marking a significant milestone in strengthening economic ties between the two nations. The agreement, once finalized, aims to

Al Seer Marine expands fleet with two new MR tankers delivery

MENA Newswire News Desk: Al Seer Marine, a subsidiary of International Holding Company (IHC), has expanded its fleet with the delivery of two new MR tankers, M.T. Betelgeuse and M.T. Bellatrix. These vessels are the first of six New Building

Nike appoints Elliott Hill as CEO, stock surges 8%

MENA Newswire News Desk: Nike’s stock surged by over 8% this week following the appointment of Elliott Hill as the company’s new CEO, succeeding John Donahoe, who stepped down after a challenging tenure. Hill, a seasoned executive who rejoined the

Dubai to host its largest polished diamond auction in history

MENA Newswire News Desk: Rapaport Diamond Corporation and Dubai Multi Commodities Centre (DMCC) announced the largest polished diamond auction in Dubai’s history by the number of lots. The auction, to be held in the Dubai Diamond Exchange, will feature over

UAE launches global ‘Invest in the Emirates’ campaign

MENA Newswire News Desk: The UAE has officially launched its “Invest in the Emirates” campaign, aimed at attracting global innovators, entrepreneurs, and top talents to the country’s burgeoning business environment. The initiative seeks to position the UAE as a hub