Europe

Abu Dhabi’s ADQ acquires 49 percent stake in Plenary Group to drive public infrastructure expansion

The stake includes the shares currently owned by Canadian pension fund Caisse de dépôt et placement du Québec

IEA forecasts strong growth in electric car sales to 17 million in 2024

The IEA expects China to account for 10 million electric vehicle sales this year

ECB stays committed to multiple rate cuts despite Fed’s caution, global uncertainty

Officials highlighted that the ECB's decisions hinge on incoming data, especially regarding wages, profits, and productivity

UNCTAD forecasts 2.6 percent global economic growth in 2024, warns of urgent issues beyond inflation

This marks the third straight year of growth below the pre-pandemic average of 3.2 percent from 2015-2019

IMF’s Georgieva urges China to address economic slowdown, enhance productivity

The Managing Director highlighted concerns over the country's property crisis, called for domestic growth strategies

UAE gold prices decline as geopolitical uncertainty boosts bullion’s global appeal

Gold maintains safe-haven appeal despite Federal Reserve's stance on rates

IMF raises global growth forecast to 3.2 percent, lifts outlook for UAE, Saudi Arabia

The 2024 figure represents a 0.1 percentage point increase from the previous World Economic Outlook report in January

Egypt to build 2 solar power stations with $20.6 million in EU funding

Projects signal Egypt's commitment to renewable energy expansion and economic development

Embracing new opportunities amid shifting global economic dynamics

Insights into economic trends, entrepreneurial efforts driving growth in UAE and KSA

Oil prices break free from tight range as geopolitical risk rises

OPEC sees demand growing by 2.25 million barrels per day in 2024

Digital wallets empower financial inclusion and cross-border payments: Visa report

The global volume of digital wallets is forecasted to reach $12 trillion annually by 2028

Eurozone inflation drops to four-month low of 2.4 percent in March 2024

The market anticipates four ECB rate cuts, first in June

Telecom Egypt, EXA Infrastructure forge agreement to boost data traffic

Leveraging Egypt's strategic location to revolutionize international data connectivity

Oil demand will reach a record 104 million barrels per day in 2024: Aramco CEO

Nasser emphasizes the effectiveness of carbon capture in mitigating greenhouse gasses

EU commits $8 billion aid package to Egypt for migration management, trade expansion

Under the aid package, Egypt will receive a combination of grants and loans over the next three years

Dubai sees 21 percent jump in international tourists at 1.77 million for January 2024

Western Europe leads source markets as Dubai continues to attract global tourists

LNG market disrupted by Red Sea crisis, prices fall sharply

Stability attributed to relatively mild winter, robust stockpiles

Unprecedented growth in consumer products sector: Price increases drive surge, exceeding 10-year average

New report finds 75 percent of global growth was due to price increases in 2023

Chinese EV company XPENG to expand into UAE

Chinese electric vehicle giant sets sights on EMEA market

Telecom Egypt and 4iG cooperate on express subsea cable project

The agreement supports Egypt's efforts to expand its international digital infrastructure

IMF lifts 2024 global growth outlook

Fund raised concerns about risks posed by Red Sea attacks and ongoing conflict

Gold prices surge as Fed’s interest rate decision nears

Rising geopolitical risks and monetary policy uncertainty drive investors towards safe-haven assets