Business Archives

Browsing: Business

US labor market shows strength as 254,000 jobs added in September

October 4, 2024

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 allocates 40% of $56B to climate initiatives in 2024

October 3, 2024

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.

UAE participates in BRICS tax officials meeting in Moscow

October 3, 2024

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.

Kuwait crude sees $4.5 jump, settles at $75.40 per barrel

October 3, 2024

Kuwait’s crude oil price surged by $4.5 on Wednesday, reaching $75.40 per barrel, driven by concerns over Middle Eastern tensions and market uncertainty, according to Kuwait Petroleum Corporation.

UAE reaffirms commitment to energy cooperation at BRICS summit

October 3, 2024

The UAE, represented by its Ministry of Energy, emphasized international cooperation on energy transition at the BRICS Energy Summit, reinforcing its commitment to climate action and renewable energy.

ADX sees AED2.66 billion in large transactions for Modon and ADNOC

October 3, 2024

MENA Newswire News Desk: The Abu Dhabi Securities Exchange (ADX) executed 15 large direct transactions today, involving shares from ADNOC Gas Plc and Modon Holding PSC. The…

IEA report highlights growth in low-emissions hydrogen, but policies lag

October 2, 2024

A new IEA report highlights growing investment in low-emissions hydrogen projects but stresses the need for stronger policies to boost demand in key sectors such as industry and transport.

UAE insurance profits hit AED 2.5 billion in 2023 says CBUAE

October 2, 2024

The UAE’s insurance sector recorded AED 2.5 billion in profits for 2023, driven by higher investment income, and witnessed a sharp rise in written policies, according to the Central Bank of the UAE.

ADNOC Gas and Modon large deals hit AED2.66 billion on ADX

October 2, 2024

The Abu Dhabi Securities Exchange logged 15 large direct deals involving shares of ADNOC Gas and Modon Holding, totaling AED 2.66 billion in transactions across two major sectors.

Azizi to build 12 state-of-the-art factories in KEZAD for AED1 billion

October 2, 2024

MENA Newswire News Desk: Khalifa Economic Zones Abu Dhabi (KEZAD) and UAE-based developer Azizi Developments have signed a 50-year land lease agreement to construct 12…

WHO reports Ebola progress as DR Congo outbreak continues

September 17, 2026

The World Health Organization says Ebola transmission is declining in some of the hardest-hit areas of the Democratic Republic of the Congo. The improvement is most visible in parts of Ituri province, the main center of the outbreak. However, the epidemic continues to expand in other areas. Official data through Sept. 13 showed 7,258 confirmed cases and 3,510 deaths across seven provinces, with the national case fatality ratio at 48.4%.

Gold prices decline on Federal Reserve rate decision in trading

September 17, 2026

Spot gold declined 1 percent to $4,249 per ounce, hitting multi-session lows under the weight of higher sovereign yields and restrictive monetary policy. Higher interest rates have increased the opportunity cost of holding physical bullion, prompting institutional portfolios to reallocate capital into fixed-income assets.

Nepal flood missing count rises to 6,150 after verification

September 17, 2026

Nepal’s National Disaster Risk Reduction and Management Authority has raised the number of people missing after the Aug. 26 floods to 6,150. The revised total is 971 higher than the previous figure of 5,179. Authorities have also recovered 1,403 bodies since the disaster struck. The floods and debris flows caused extensive damage across northern Nepal, particularly near the border with China.

Apple adds first foldable iPhone to lineup with iPhone Duo

September 16, 2026

The iPhone Duo uses Super Retina XDR displays on both sides, with ProMotion and Always-On support. Apple rates peak outdoor brightness at 3,000 nits for both screens. A nano-texture finish on the inner panel reduces glare and makes the fold crease less visible, according to Apple. Grade 5 titanium forms the enclosure, while the precision hinge uses more than 100 components. Apple also gives the iPhone Duo an IP68 rating for water and dust resistance.