business

Oil prices rise 0.6 percent to $76.13 amid potential disruptions from Trump’s tariffs

The focus on oil prices increase highlights concerns over potential supply disruptions from Canada and Mexico

Microsoft introduces DeepSeek’s R1 to its cloud amid ongoing IP concerns with OpenAI

R1 provides advanced reasoning capabilities for enterprises to tackle challenges and deliver innovative solutions

Dubai Chamber of Digital Economy supports 1210 startups in 2024, trains 1333 Emiratis in app development

21 events were held this year to support startups, nurture talent, and strengthen partnerships

UAE-Kuwait week to boost bilateral relations amid $86.3 billion trade growth

The event will be hosted at Jumeirah Emirates Towers in Dubai on February 3 to 4

Egypt and Iraq sign 12 MoUs to boost trade, investment

Agreements ecompass land transport for passengers and goods, promoting competition and addressing monopolistic practices

Dubai’s Mashreq Bank reports 4 percent increase in net profit to $2.45 billion in 2024

The bank's net profit before tax reached $2.7 billion, marking a 12 percent rise

Oil prices rise 0.4 percent to $77.21, head for weekly losses with focus on Trump tariffs and PCE data

Attention focused on key U.S. PCE inflation data later today for clues on interest rates

Markets surge after ECB cuts interest rates for fifth time to 2.75 percent

Eurozone stagnation due to industrial recession leads ECB to continue its easing trajectory

Saudi Arabia’s real GDP sees 4.4 percent growth in Q4 2024, highest in two years

In 2024, Saudi Arabia’s economy rebounded, with real GDP increasing by 1.3 percent year-over-year

Qatar-Oman trade volume surpasses $1.8 billion in 2024, says minister

Bilateral meetings aimed to explore collaboration and investment opportunities between Qatari and Omani companies

Qatar’s Ooredoo Group to build submarine cable connecting seven GCC countries

The FIG project will provide GCC nations a secure, low-latency route connecting Europe with 720Tbps capacity