Browsing: Business

MENA Newswire News Desk: The Ports, Customs, and Free Zone Corporation (PCFC) has officially launched the “Dubai Code for Ports,” a global first in maritime infrastructure. This comprehensive technical guide establishes a detailed framework of specifications and standards for port,

MENA Newswire News Desk: ADNOC Logistics and Services plc (ADNOC L&S) has reported an 18% year-on-year increase in net profit for the third quarter of 2024, achieving AED643 million. This financial growth aligns with ADNOC L&S’s broader success throughout the

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:  ADNOC Gas has announced plans to acquire ADNOC’s 60% ownership stake in the Ruwais Liquified Natural Gas (LNG) project, with the transfer expected in the latter half of 2028 at an approximate cost of $5 billion.

MENA Newswire News Desk: The value of Russia’s gold holdings exceeded $200 billion for the first time in October, marking a historic milestone as bullion’s share in the country’s international reserves climbed to 32.9%, according to The Bank of Russia.

MENA Newswire News Desk: The UAE’s banking sector achieved an 11.1% growth in net international reserves during the first seven months of 2024, reaching AED1.273 trillion by the end of July, an increase of AED127.5 billion from AED1.145 trillion recorded

MENA Newswire News Desk: Burjeel Holdings PLC, listed on the Abu Dhabi Securities Exchange (ADX), reported robust financial growth for the third quarter of 2024, as per results prepared under International Financial Reporting Standards (IFRS). The Group’s revenue reached AED

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