Browsing: Business

MENA Newswire News Desk: The United Arab Emirates and New Zealand have successfully concluded negotiations on a Comprehensive Economic Partnership Agreement (CEPA), marking a significant milestone in strengthening economic ties between the two nations. The agreement, once finalized, aims to

MENA Newswire News Desk: The Swiss National Bank (SNB) announced a 25 basis point cut to its policy rate on Thursday, bringing it down to 1.00%, marking the central bank’s third reduction in 2024. The move aligns with global trends,

MENA Newswire News Desk: Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, has approved an ambitious AED10 billion expansion of the Dubai Exhibition Centre (DEC) at Expo City Dubai. This expansion is set to position

MENA Newswire News Desk – The UAE is expected to witness significant economic growth, with a 4.8% expansion projected by 2025, according to Oxford Economics. This growth will be driven primarily by the non-oil sector, buoyed by government investment and

MENA Newswire News Desk: Nike’s stock surged by over 8% this week following the appointment of Elliott Hill as the company’s new CEO, succeeding John Donahoe, who stepped down after a challenging tenure. Hill, a seasoned executive who rejoined the

MENA Newswire News Desk: Stocks surged on Thursday as Wall Street celebrated the Federal Reserve’s significant rate cut. The Dow Jones Industrial Average rose by 380 points, or 0.9%, while the S&P 500 gained 1.5%, and the Nasdaq Composite surged

MENA Newswire News Desk: Rapaport Diamond Corporation and Dubai Multi Commodities Centre (DMCC) announced the largest polished diamond auction in Dubai’s history by the number of lots. The auction, to be held in the Dubai Diamond Exchange, will feature over

MENA Newswire News Desk: Tupperware Brands, the once-iconic household name in food storage, has filed for Chapter 11 bankruptcy protection. The Orlando, Florida-based company plans to continue operations during bankruptcy proceedings and is seeking court approval to sell the business

MENA Newswire News Desk: Russia’s Central Bank raised its key interest rate from 18% to 19% on Friday, a move widely anticipated as the country grapples with rising inflation fueled by soaring military expenditures tied to the war in Ukraine. The

MENA Newswire News Desk: In a landmark move, the Emirates Nuclear Energy Corporation (ENEC) and the Nuclear Power Corporation of India Limited (NPCIL) have inked a pioneering agreement to bolster nuclear energy cooperation. This accord, signed in New Delhi, will