Browsing: Business

In a setback to the vibrant housing sector, the U.S. saw a slight dip in new single-family home sales in June, after a triumphant surge over three consecutive months. The overarching trend, however, remains resilient, buoyed by the enduring demand

Masdar and Iberdrola have entered into a strategic agreement to co-invest in Baltic Eagle, a 476-megawatt (MW) offshore wind farm situated in the German Baltic Sea. Under the terms of the agreement, valued at around €1.6 billion, Iberdrola will retain a majority 51% stake

Mubadala Energy, a global energy player, and Pertamina, Indonesia’s state-owned integrated energy firm, have joined forces. The collaboration focuses on energy transition initiatives, specifically exploring the potential of carbon capture, utilisation, and storage (CCUS) applications in Indonesia. The partnership aligns with Mubadala Energy’s mission

The world watched as the United Arab Emirates (UAE) and Turkey took a significant stride in their relationship. The leaders of the two nations, President Sheikh Mohamed bin Zayed Al Nahyan of the UAE and Turkish President Recep Tayyip Erdogan,

In a groundbreaking report published on Monday, Goldman Sachs predicts that India is poised to surpass not only Japan and Germany but also the United States, becoming the world’s second-largest economy by 2075. This projection reflects India’s remarkable growth potential

The advent of Meta’s Threads app, while a significant milestone in the social media sphere, has raised significant concerns for Twitter, particularly amidst recent internal turbulence. Twitter, once a colossus in the microblogging space, now finds itself in precarious waters,

Tarek El Molla, the Minister of Petroleum and Mineral Resources of Egypt, unveiled his country’s ambitious plan to invest $1.8 billion in offshore exploration for new gas wells in the Mediterranean Sea and the Nile Delta. Under this program, Egypt

In a further blow to the precious metals market, gold prices plummeted to their lowest levels since mid-March. A resurgent dollar has caused the gold market to stumble, pushing the prices into a downward spiral, according to a report by

Efforts to address the environmental implications of our food and fiber production have been taken up a notch as the Global Environment Facility (GEF) approves 26 projects led by the Food and Agriculture Organization of the United Nations (FAO). The

The first anniversary of the Comprehensive Economic Partnership Agreement (CEPA) between the United Arab Emirates and India marked a milestone of increased economic collaboration and prosperity. A celebratory meeting in India’s capital witnessed UAE’s Minister of State for Foreign Trade,