The Gulf is set for more financial turbulence if the oil price doesn’t increase soon. That’s the word from financial services experts Standard & Poor's in their latest report. They say restraints on oil and gas prices have steered the GCC into an environment marked by weakening economic growth. The report’s economic projections for the GCC reflect a 2% decline in GDP growth for 2015 when compared to 2014.
UAE, Ukraine conclude terms of trade pact
The UAE and Ukraine have concluded the terms of a Comprehensive Economic Partnership Agreement (CEPA).
Elon Musk visits China as Tesla seeks self-driving technology rollout
Tesla CEO Elon Musk arrived in Beijing on Sunday for a surprise visit, where he is expected to meet senior officials to discuss the rollout of Full Self-Driving (FSD) software and permission to transfer data overseas.
Abu Dhabi Airports welcomes 6.9 million passengers in three months
More than 6.9 million passengers travelled through the Abu Dhabi Airports' network during the first quarter of 2024, marking a 35.6 per cent surge compared to the same period last year.
ByteDance denies media report of plan to sell TikTok
ByteDance has no plan to sell TikTok, the company's official account said in a statement posted on Toutiao, a media platform owned by the China-based firm.
Photos: UAE’s first operational vertiport unveiled in Abu Dhabi
The UAE's first operational vertiport for vertical take-off and landing aircraft (eVTOLs) has been unveiled in Abu Dhabi.
