Browsing: Business

MENA Newswire News Desk: ADNOC Gas plc has awarded the Front-End Engineering and Design (FEED) contract for new gas processing facilities at the Bab Gas Cap (BGC) to Worley Engineering Pty Ltd. The project is set to increase ADNOC Gas’

MENA Newswire News Desk: Abu Dhabi Future Energy Company PJSC (Masdar) has finalized the acquisition of a 70% stake in TERNA ENERGY SA, a leading renewable energy firm, marking a milestone for the EU’s renewable energy sector. The deal, which

MENA Newswire News Desk: U.S. businesses are stockpiling goods from China in anticipation of a 60% tariff on Chinese imports proposed by President-elect Donald Trump. The planned policy, central to Trump’s second-term agenda, has raised concerns among companies reliant on

MENA Newswire News Desk: The European Commission’s Autumn Forecast has projected modest GDP growth for the European Union (EU) in 2024, marking a gradual recovery after a period of economic stagnation. The EU’s GDP is expected to grow by 0.9%,

MENA Newswire News Desk: Japan’s economy achieved an annualized growth rate of 0.9% in the July-September quarter, maintaining its expansion for the second consecutive quarter. The rise, driven by robust consumer spending, follows temporary income tax cuts and increased summer

MENA Newswire News Desk: Airbus announced that all of its current aircraft models incorporate parts manufactured in the UAE, underscoring a strengthened partnership with Emirati industries. Jean-Brice Dumont, Head of Air Power at Airbus Defence and Space, confirmed this development

MENA Newswire News Desk: India is set to surpass its $100 billion trade target with Russia well ahead of the projected 2030 deadline, according to Indian External Affairs Minister S. Jaishankar. Speaking at the 25th India-Russia Intergovernmental Commission meeting in

MENA Newswire News Desk: The United Arab Emirates (UAE) is set to exceed $40 billion in diamond trade this year, according to Juma Al Kait, Assistant Undersecretary for International Trade Affairs at the Ministry of Economy. Speaking on the sidelines

MENA Newswire News Desk: The International Air Transport Association (IATA) reported a significant 9.4% growth in global air cargo demand for September 2024 compared to the same month last year, marking a sustained trend of strong annual increases in the

MENA Newswire News Desk: Aldar has officially announced the launch of Mamsha Gardens, a new residential project situated adjacent to Mamsha Al Saadiyat and the Saadiyat Cultural District on Saadiyat Island. This latest development aims to expand residential options in