Caracas: Twin earthquakes that struck Venezuela last month have resulted in direct physical damages amounting to approximately $19.6 billion, according to an estimate released by the World Bank. The financial institution emphasized the urgent need for…
Abu dhabi: The European Commission has disbursed pound 1.5 billion to Egypt as part of a pound 4 billion macro-financial assistance (MFA) programme aimed at supporting the country’s economic stability and reform efforts. The payment, made on July 24, …
Riyadh: All member states of the Gulf Cooperation Council (GCC) and the Hashemite Kingdom of Jordan have expressed their unified stance condemning the aggression launched by Iran and its proxies on their territories, as reported by the Saudi Press Age…
Abu dhabi: Provisional data for 2025 show that the share of energy from renewable sources in gross final energy consumption in the EU reached 26.2%, up from 25.2% in 2024. The share has been rising since the time series began in 2004 (9.6%). However, …
New york: UN Secretary-General Antonio Guterres on Friday called for the Houthis to refrain from any further attacks on commercial vessels in the Red Sea, warning that renewed hostilities could draw Yemen deeper into regional conflict.
According to …
Abu dhabi: As global goods trade expanded by an estimated 12.5% quarter over quarter in the first half of 2026, reaching about $13.7 trillion, supported in part by higher prices, strong demand for AI-related products, semiconductors, batteries and ele…
