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International Business

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Gross banks' assets up by 1.6% to AED4,636.8 billion at end of February 2025: CBUAE
Gross banks' assets up by 1.6% to AED4,636.8 billion at end of February 2025: CBUAE

ABU DHABI, 7th May, 2025 (WAM) -- The Central Bank of the UAE (CBUAE) announced the increase in money supply aggregate M1 by 1.8%,...

China to cut reserve requirement ratio by 0.5 percentage points from May 15
China to cut reserve requirement ratio by 0.5 percentage points from May 15

BEIJING, May 7 (Xinhua) -- China's central bank announced Wednesday that it will cut the reserve requirement ratio (RRR) by 0.5 percentage...

DMCC awards main works contract for two towers in Uptown Dubai
DMCC awards main works contract for two towers in Uptown Dubai

DUBAI, 7th May, 2025 (WAM) -- DMCC, the leading international business district that drives the flow of global trade through Dubai,...

Global Semiconductor sales surge in Q1 (YoY), 2025 likely to see robust growth: Report
Global Semiconductor sales surge in Q1 (YoY), 2025 likely to see robust growth: Report

New Delhi [India] May 7 (ANI): The Semiconductor Industry Association (SIA) reported an 18.8 per cent increase in global semiconductor...

China to cut policy rate by 0.1 percentage points from Thursday
China to cut policy rate by 0.1 percentage points from Thursday

BEIJING, May 7 (Xinhua) -- China's central bank announced on Wednesday to cut the rate for the seven-day reverse repos by 0.1 percentage...

India's growth cycle is likely to improve despite global uncertainty: HSBC MF
India's growth cycle is likely to improve despite global uncertainty: HSBC MF

New Delhi [India], May 7 (ANI): India's economic growth is on the path to recovery, supported by multiple positive factors, even as...

Mediterranean

Section
Tesla sales plunge in Europe as Chinese rivals surge
Europeans continue to shun Tesla as April sales plunge

BRUSSELS, Belgium: Tesla's sales in Europe nosedived in April, with sharp drops across multiple countries, including an 81 percent...

Netanyahu welcomes Ecuador's President Daniel Noboa
Israeli PM meets with Ecuadorian president on eve of Gaza escalation

JERUSALEM - Despite a looming escalation of the war in Garza with tens of thousands of reservists being called up for a major ground...

EAM Jaishankar emphasises zero tolerance for terrorism in talks with Spain, Germany, France, Japan, Qatar
EAM Jaishankar emphasises zero tolerance for terrorism in talks with Spain, Germany, France, Japan, Qatar

New Delhi [India], May 7 (ANI): In the wake of Operation Sindoor, External Affairs Minister S Jaishankar held discussions with foreign...

Egypt's President reaffirms ongoing ceasefire efforts in Gaza, Egypt's rejection of displacement
Egypt's President reaffirms ongoing ceasefire efforts in Gaza, Egypt's rejection of displacement

ATHENS, 7th May 2025 (WAM) -- President Abdel Fattah El-Sisi of Egypt reaffirmed Egypt's continued intensive efforts to secure an immediate...

Germany, Italy showcase largest-ever national participation at Airport Show 2025 in Dubai
Germany, Italy showcase largest-ever national participation at Airport Show 2025 in Dubai

DUBAI, 7th May, 2025 (WAM) -- Germany and Italy have emerged as the most prominent national participants at the Airport Show 2025,...

UAE hailed as role model for Africa's integrated development: Tunisia Africa Business Council
UAE hailed as role model for Africa's integrated development: Tunisia Africa Business Council

TUNIS, 7th May, 2025 (WAM) -- Nadia Yaich, Secretary-General of the Tunisia Africa Business Council, said that the UAE plays a pioneering...