Browsing: Business
The EU imported 2.7 million tonnes of coffee from non-EU countries in 2023, valued at €10.6 billion, with Brazil and Vietnam supplying 58% of total imports, according to Eurostat.
Azizi Developments has signed a 50-year lease in KEZAD to build 12 factories worth AED1 billion, supporting modular construction and sustainable practices in the real estate sector.
Masdar has finalized the acquisition of a 50% stake in Terra-Gen from Energy Capital Partners, further strengthening its position in the U.S. renewable energy sector.
Federal Reserve Chair Jerome Powell emphasized a cautious approach to future rate cuts, noting that the Fed will act based on economic conditions, inflation trends, and the job market.
Global rice prices dropped after India resumed non-basmati white rice exports, easing supply concerns for importers in Asia and Africa and stabilizing the market.
Britain’s last coal-fired power plant, Ratcliffe-on-Soar, closed on Monday, ending over 140 years of coal-powered electricity and marking a key step toward renewable energy.
OPEC Fund partners with Evocabank to provide a $10 million loan aimed at empowering Armenian MSMEs, with a focus on climate action and women-led enterprises.
Russia remains a major energy player despite global challenges, with over 90% of its energy exports going to friendly countries, Putin declared at the Russian Energy Week forum.
Dubai Maritime City announces infrastructure upgrades, doubling its vessel handling capacity to 1,000 ships annually and supporting more complex shipbuilding and repair projects.
The UAE and New Zealand concluded negotiations on a comprehensive trade partnership aimed at boosting economic ties and investment opportunities between the two countries.