India and Canada reset ties with trade and uranium deal
NEW DELHI: India and Canada issued a joint leaders’ statement on Monday after talks between Prime Minister Narendra Modi and Canadian Prime Minister Mark Carney during...
Category : Business
Exus Renewables to buy 60% stake in Masdar Portugal wind
ABU DHABI: Exus Renewables has signed an agreement with Abu Dhabi Future Energy Company PJSC, known as Masdar, to acquire a 60% stake in Masdar’s Portuguese wind...
Bank of Korea holds 2.5% rate and rolls out dot plot
SEOUL: South Korea’s central bank kept its benchmark interest rate unchanged at 2.50% on Thursday, maintaining the Base Rate as policymakers balanced a steady inflation backdrop with improving...
Zimbabwe halts raw mineral exports and lithium shipments
HARARE: Zimbabwe has suspended the export of all raw minerals and lithium concentrates with immediate effect, the Ministry of Mines and Mining Development said, ordering the restriction...
India joins Pax Silica initiative, signs AI pact with US
NEW DELHI: India joined the Pax Silica initiative on Feb. 20 by signing the Pax Silica Declaration and a bilateral addendum titled the Joint Statement on the...
India approves $1.1B venture fund of funds for startups
NEW DELHI: India’s Union Cabinet has approved a new state-backed venture capital initiative, clearing the Startup India Fund of Funds 2.0 with a corpus of ₹10,000 crore...
Air Arabia records 2025 profit, proposes 30 fils dividend
SHARJAH: Air Arabia (PJSC) reported a record AED 1.8 billion net profit before tax for 2025 and said its board has proposed a cash dividend...
UAE central bank clears DDSC dirham stablecoin launch
CryptoWire, ABU DHABI: The Central Bank of the UAE has approved the launch of a UAE dirham-backed stablecoin called DDSC, enabling it to go live on ADI Chain, the...
Sustainable development forum set for Kamchatka Feb 17-21
EuroWire, PETROPAVLOVSK-KAMCHATSKY: The 6th Sustainable Development Forum is scheduled to be held in Petropavlovsk-Kamchatsky from Feb. 17 to Feb. 21, bringing together government officials, business representatives...
China electric cars reshape fuel demand and Venezuela oil flows
BEIJING: China’s rapid shift to electric vehicles is reshaping the world’s largest auto market and dulling growth in the transport fuel demand that once underpinned its appetite...