India ascends to fourth in global GDP rankings, USA on top
China holds the second spot and Germany the third in the new rankings for 2024
Oil prices set to rise as Middle East tension escalates after Iran’s attack on Israel
Analysts hold that future oil price trends depend on international retaliation measures
Japan threatens WTO action over Pakistan’s auto export policy
Car manufacturers cite high tariffs, lack of FTAs, and a small market for right-hand drive vehicles as reasons for their export challenges
Abu Dhabi targets 178,000 new jobs, 39.3m tourists by 2030
Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan has given his approval for the strategy
EU initiates investigations into Apple, Google, Meta under new law
Legislation aims to ensure a fairer and more open digital marketplace for European citizens and businesses
Elon Musk announces plans to open source Grok, challenging ChatGPT
Musk's decision reflects a broader division within the tech community regarding how artificial intelligence should evolve
India inks $100bn trade deal with EFTA bloc
Agreement seeks to foster economic growth and job creation through increased exports and investments
Dubai imposes 20% tax on foreign banks
Foreign banks operating in the Dubai International Financial Centre are excluded from the tax
India’s fuel demand surges 5.7% due to booming economy
Diesel sales rise by 6%, attributed to heightened factory operations and a rising demand for truck transportation
Egypt signs $8 billion loan deal with IMF
Country implements biggest-ever interest-rate hike and allows its currency to weaken more than 38%
Saudi Arabia hikes oil prices for Asia, lowers for Europe
Prices for sales to the US kept unchanged
Dubai’s public parking company to raise $429mn in IPO
Price range for Parkin Co. set at 2 dirhams to 2.10 dirhams per share
Oil rises almost 2% as markets await OPEC+ decision
Oil prices rose on Friday and were set for weekly gains as markets awaited an OPEC+ decision on supply agreements for the...
India’s economy grows 8.4%, fastest pace in six quarters
India's economy rose 8.4% in the October-December period, the fastest pace seen in six quarters and beating all estimates, partly helped by...
Fresh sanctions pose risk to India’s Russian oil sales
Sources say that Indian refiners are concerned the latest sanctions will create "challenges" in getting vessels for Russian oil