Abu Dhabi: Global growth is projected to decelerate to 2.3% in 2025, falling below the 2.5% threshold commonly associated with a global recession, as reported by the UN Trade and Development (UNCTAD) in its latest analysis. This slowdown represents a …

Abu Dhabi: The UAE has concluded its participation in the 2025 Spring Meetings of the World Bank Group (WBG) and the International Monetary Fund (IMF), held in Washington, D.C., from April 21 to 26. The Ministry of Finance and the Central Bank of the …

Abu Dhabi: After weeks of increasing anticipation among the regional and international tech communities, the first-ever GITEX ASIA x Ai Everything Singapore began in blistering fashion on Tuesday as capacity crowds enjoyed an action-packed opening day…

London: The Summit on the Future of Energy Security, held at Lancaster House in London, concluded with a resounding call for increased international cooperation to address global energy challenges. Co-hosted by the International Energy Agency (IEA) and the UK Government, the pivotal two-day event brought together leaders from 60 governments and over 50 major energy companies, alongside international institutions and civil society organizations, to tackle the pressing issue of securing energy systems for the present and future. According to Emirates News Agency, the Summit highlighted the critical importance of energy access and affordability as essential components of national and international

Vienna: The Austrian Parliament has approved new legislation that halts the family reunification of individuals who have been granted asylum or subsidiary protection in Austria, marking a significant shift in the nation’s approach to asylum and immigration policies. According to Emirates News Agency, the Parliament’s ratification of the new law was supported by the votes of the ruling three-party coalition, led by the People’s Party in alliance with the Socialist and Liberal parties. The coalition highlighted the necessity of implementing the law’s mechanisms, particularly focusing on exceptions related to the care of children and youth whose custodial parents remain in

Manila: The Asian Development Bank (ADB) committed $24.3 billion from its own resources in 2024, coupled with $14.9 billion in cofinancing in collaboration with its partners, to help Asia and the Pacific solve a range of complex development challenges. According to Emirates News Agency, ADB’s financial and operational results were published in its Annual Report 2024. The report summarises how ADB supported its developing member countries (DMCs) to make progress toward sustainable, inclusive, and resilient development. ‘With our increased financial firepower and a sharper strategic focus, ADB is turning commitment into concrete results,’ said ADB President Masato Kanda. ‘We are

Dubai: Dragon Oil, fully owned by the Government of Dubai, successfully concluded its participation at GOTECH 2025 by signing a series of strategic agreements and Memorandums of Understanding (MoUs), reaffirming its commitment to global expansion and strengthening its leadership position in the energy sector. According to Emirates News Agency, the signed agreements include collaboration with Business Oil Africa to develop oil and gas assets in Gabon, and the award of a new concession agreement with the Egyptian General Petroleum Corporation (EGPC) for petroleum exploration and exploitation in the East El-Hamd Area. Additionally, a Memorandum of Understanding with Qorum aims to

Rabat: A delegation from the UAE’s National Anti-Money Laundering and Combatting the Financing of Terrorism and Financing of Illegal Organisations Committee (NAMLCFTC), led by Hamid AlZaabi, Secretary General and Vice-Chair of the National Committee, has concluded a three-day official visit to the Kingdom of Morocco. The visit focused on enhancing cooperation between the two nations in combating money laundering, terrorism financing, and illegal financial activities. According to Emirates News Agency, the visit, held from 22 to 24 April, was organized in cooperation with the National Financial Intelligence Authority of Morocco. It aimed to reinforce strategic coordination in the areas of