Browsing: Business
MENA Newswire News Desk: The European Union (EU) imported 2.7 million tonnes of coffee from non-EU countries in 2023, with a total value of €10.6 billion, according to data from Eurostat, the EU’s statistical office. While the total volume of imports
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 advanced factories in KEZAD Al Ma’mourah. The AED1 billion project will meet the growing demand
MENA Newswire News Desk: Abu Dhabi Future Energy Company, also known as Masdar, has officially closed its acquisition of a 50% stake in Terra-Gen Power Holdings II, LLC. This major transaction, conducted in partnership with Energy Capital Partners (ECP), marks
MENA Newswire News Desk: Federal Reserve Chair Jerome Powell reiterated Monday that the central bank will take necessary measures to maintain the economy’s strength, although future interest rate cuts will likely come in smaller increments. Speaking during a Q&A session
MENA Newswire News Desk: Britain’s last coal-fired power plant, Ratcliffe-on-Soar, closed on Monday, marking the end of 142 years of coal-powered electricity in the country that ignited the Industrial Revolution. The plant, located in central England, officially ceased operations at midnight, symbolizing a
MENA Newswire News Desk: Global rice prices declined on Monday following India’s decision to resume non-basmati white rice exports, marking a significant shift in the global rice market. India, the world’s largest rice exporter, lifted the export ban it imposed last
MENA Newswire News Desk: Britain’s last coal-fired power plant, Ratcliffe-on-Soar, closed on Monday, marking the end of 142 years of coal-powered electricity in the country that ignited the Industrial Revolution. The plant, located in central England, officially ceased operations at
MENA Newswire News Desk: The OPEC Fund for International Development (OPEC Fund) has extended a US$10 million loan to Evocabank CJSC to enhance financial access for micro, small, and medium-sized enterprises (MSMEs) in Armenia. The loan will primarily focus on
MENA Newswire News Desk: Russia continues to be a dominant player in the global energy market despite ongoing challenges, Russian President Vladimir Putin declared during the plenary session of the Russian Energy Week (REW) forum in Moscow, according to the
MENA Newswire News Desk: Dubai Maritime City (DMC) today announced the completion of significant infrastructure upgrades aimed at expanding its ship handling capacity to 1,000 vessels per year. This move is part of Dubai’s broader efforts to solidify its position