Articles
Turkey's central bank raises key rate to 25% to counter rising prices
The regulator has said it will continue to tighten monetary policy until it brings down inflation, which currently stands at 47.83 per cent
Expansion of the Brics group could lead to 'different world order', analysts say
The move will support countries such as the UAE and Saudi Arabia to boost trade within the bloc and also help set a global policy agenda
Abu Dhabi smart city plans to be boosted with satellites and self-driving taxis
UAE-based AI and data company Bayanat working with government on smart infrastructure
Reliance's Jio Financial shares drop on market debut in Mumbai
The recently carved-out financial services business of the Indian conglomerate listed on the BSE on Monday
Two Saudi solar projects at financial close with $2.4bn investment
The projects, with capacity of more than 2.6 gigawatts, are being developed by Acwa Power, PIF's Badeel and Aramco's power unit
Saudi Arabia launches $200m fund to invest in high-tech
The fund, part of Kaust's new strategy, aims to enhance economic diversification and contribute to the creation of high-quality technical jobs
India has started buying UAE oil with rupees - here's what it means
The first crude oil transaction under the system took place between Adnoc and the Indian Oil Corporation
Why did the Russian rouble drop and where is it headed?
Western sanctions, a cap on the price of Russian oil and a surge in imports have weighed on the currency
Saudi Arabia issues new sukuk worth $9.6bn after early purchase of debt
The new sukuk issuances will be done in four tranches
ADIB posts 61% rise in Q2 profit on revenue boost
Islamic lender's funded income increased by 71% during the reporting period, driven by higher rates and strong finance growth
What are the economic implications of the wildfires?
Tourism and agriculture sectors will be affected more
UAE government revenue hits $32bn in first quarter amid economic boom
Financial performance enhances the country's competitiveness and its move towards sustainable socio-economic development, says official
Aldar to redevelop Al Jimi Mall and Al Hamra Mall
Developer will spend $136m on revamping the shopping centres in Al Ain and Ras Al Khaimah
Multiply profit soars as income from businesses rises
The group, which has access to $544m in cash and more than $1bn in financing capacity, plans to seek opportunities in the UAE and globally
Dubai's inflation rate eases to lowest this year
A drop in food and transport costs pushed down consumer prices
