Browsing: Business

The Dow Jones Industrial Average and other key U.S. stock indexes opened higher on Monday as investors awaited a crucial Federal Reserve meeting later this week. Super Micro Computer (SMCI) emerged as a significant early loser, plunging after being removed

Drydocks World, a subsidiary of DP World, has been awarded a key contract to deliver the Ostwind 4 offshore wind grid connection project in Germany. The ambitious initiative, developed in partnership with GE Vernova and commissioned by 50Hertz Transmission, aims

The Federal Reserve is poised to implement a quarter-point interest rate cut during its meeting on December 18, marking the third consecutive reduction since September. If approved, this adjustment will lower the federal funds rate to a range of 4.25%-4.50%,

Business confidence among Japan’s major manufacturers improved slightly in December, according to the Bank of Japan’s latest Tankan survey released on Friday. The sentiment index rose to 14, up from 13 in September, signaling cautious optimism among companies such as

The global trade sector is set to achieve a record $33 trillion in 2024, a $1 trillion increase compared to 2023, according to a report by the United Nations Conference on Trade and Development (UNCTAD). This represents an annual growth

The European Union allocated €381.4 billion to research and development (R&D) in 2023, reflecting a 6.7% increase from the previous year’s expenditure of €357.4 billion and a significant 57.9% rise compared to 2013, when €241.5 billion was spent. This marks

The Asian Development Bank (ADB) has revised South Korea’s 2025 economic growth forecast downward to 2 percent, according to an announcement by Seoul’s finance ministry on Wednesday. The adjustment reflects a 0.3 percentage-point decrease from the bank’s previous projection made

MENA Newswire News Desk: The Republic of Korea recorded its sixth consecutive monthly current account surplus in October, bolstered by strong exports of semiconductors and automobiles, according to data released by the Bank of Korea on Friday. The current account

MENA Newswire News Desk: The European Commission (EC) has unveiled a €4.6 billion investment initiative to support decarbonization technologies and clean hydrogen projects. Announced on December 3, 2024, the funding will be sourced from revenues generated by the EU Emissions

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’