Browsing: Business

UAE and Malaysia have concluded negotiations on a Comprehensive Economic Partnership Agreement (CEPA) to enhance trade and investment by reducing tariffs and boosting private-sector cooperation.

Vietnam’s food and beverage sector is expected to reach $29.8 billion in revenue by 2024, with a 10.92% growth, driven by increasing consumer confidence and rising demand for sustainable products.

India and UAE held their 12th joint investment meeting in Mumbai, reviewing progress in $100 billion projects, trade, and bilateral investments in key sectors like energy and AI.

The Abu Dhabi Investment Authority (ADIA) has launched a subsidiary in India’s GIFT City after receiving regulatory approval, reinforcing its long-term commitment to India’s financial markets and economic growth.

The EU imported €478 billion in high-tech products in 2023, with China and the US leading the list of suppliers. Exports grew by 3 percent, reaching €461 billion.

The Global Commission on Clean Energy, led by IEA, met at the G20 to discuss equitable, affordable transitions in energy, addressing key issues for fairer global policies.

ADQ appoints Modon Holding as master developer for the Ras El Hekma megaproject in Egypt. The project spans 170 million sqm and is expected to create 750,000 jobs by 2045.

The US economy added 254,000 jobs in September, beating projections of 140,000. The unemployment rate dipped to 4.1%, showing continued strength in the labor market.

IFC secured $56B in financing in 2024, allocating 40% to climate-related projects, marking a record-breaking year for the organization’s commitment to global climate initiatives.

The UAE’s participation in the BRICS tax officials meeting in Moscow emphasized the importance of global cooperation and tax policy collaboration with other BRICS nations.