Economy News
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EU solar energy rollout declines for first time in decade as subsidies cut
The European Union’s expansion of solar energy is on track for its first annual downturn in more than a decade,…
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Emirates NBD reports AED12.5 billion profit in H1 2025
Emirates NBD reported a profit of AED12.5 billion for the first half of 2025, compared to AED13.8 billion during the…
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0.9% GDP growth projected in EU in 2024
After a prolonged period of stagnation, the EU economy is returning to modest growth, while the disinflation process continues. The…
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Japan’s real wages in May fall 2.9%
Japan’s real wages fell 2.9 percent in May from a year earlier, marking the fifth consecutive monthly decline and the…
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Hotel revenues in Abu Dhabi reach AED847 million in April 2025
Hotel establishments in Abu Dhabi generated revenues amounting to AED847 million in April 2025, comprising AED540 million from rooms, AED256…
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Etihad Credit Insurance announces AED 174 million funding for SME growth in partnership with four leading banks
Etihad Credit Insurance announces AED 174 million funding for SME growth in partnership with four leading banks
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UAE, China explore opportunities to strengthen cooperation in energy, renewables, industry, infrastructure
Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, Managing Director and Group CEO of ADNOC, and…
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GCC vows stronger climate action to shield coastal communities
Jassim Mohammed Al-Budaiwi, Secretary-General of the Gulf Cooperation Council (GCC), reaffirmed Gulf countries’ unwavering commitment to tackling environmental and climate…
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DEWA adds 800MW of clean energy production capacity to its energy mix in 2025
Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA), announced that the total production capacity…
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EGA to explore opportunities to develop bauxite-related projects in Ghana
Emirates Global Aluminium (EGA) today announced the signing of an agreement with Ghana Integrated Aluminium Development Corporation (GIADEC) to explore…
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