UAE Signs Deal With New Zealand To Enhance Bilateral Trade, Investment
IMF Chief Projects Steady Global Growth, Continued Disinflation In 2025: Report
Gold Prices Rise Amid Uncertainty On US President-Elect Donald Trump’s Policies
Oil Prices Extend Losses Amid Surge In US Fuel Inventories
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UAE To Expand Global Trade Partnerships Through CEPA Program In 2025: Foreign Trade Minister
January 1, 2025
The UAE Minister of State for Foreign Trade, Thani bin Ahmed Al Zeyoudi, announced on Tuesday that the Gulf country will continue to expand its Comprehensive Economic Partnership Agreements (CEPAs) in 2025, according to state-run media agency WAM. Trade agreements The Foreign Trade Minister said that the agreements aim to strengthen rules-based international trade, drive …
Nissan Shares Surge 23% After Reports Of Merger Talks With Honda
December 19, 2024
Nissan Motor’s shares surged sharply on Wednesday morning after reports emerged that the company had initiated talks for a merger with fellow Japanese carmaker Honda, in a move that intended to help Nissan wade through an ongoing crisis and reportedly allow the Japanese companies to compete better against electric vehicle rivals from China and Tesla. …
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Oman Investment Fund Acquires Stake In Elon Musk’s xAI
December 18, 2024
The Oman Investment Fund (OIA) announced Wednesday its investment in xAI, an artificial intelligence (AI) company backed by Elon Musk, aligning with the sovereign wealth fund’s strategy to diversify its global portfolio and foster growth across multiple sectors. Focus on advanced technologies However, the sovereign fund did not disclose any details, including the size of the investment in the AI …
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UAE Central Bank’s Gold Reserves Rise To $6.3B By End Of Third Quarter
The UAE central bank’s gold reserves increased by 5.3% month-on-month to reach $6.3 billion (AED 23.19 billion) by the end of the third quarter of 2024, up from $6 billion (AED 22.02 billion) in August. Gold reserves The Gulf state’s gold reserves had grown by over 27.8%, or $1.36 billion (AED 5 billion) since the start …
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MENA Mergers And Acquisitions Activity Rises 4% To $86B In 2023, Led By GCC Deals: EY
The Middle East and North Africa (MENA) region witnessed resilient mergers and acquisitions (M&A) activity in 2023, with the total deal value rising by 4% year-on-year to $86 billion, according to Ernst & Young (EY). M&A landscape The region recorded 565 M&A deals with a total value of $83.2 billion during 2023, according to the latest EY MENA M&A …
