Browsing: Business

MENA Newswire News Desk: Britain’s last coal-fired power plant, Ratcliffe-on-Soar, closed on Monday, marking the end of 142 years of coal-powered electricity in the country that ignited the Industrial Revolution. The plant, located in central England, officially ceased operations at

MENA Newswire News Desk: Russia continues to be a dominant player in the global energy market despite ongoing challenges, Russian President Vladimir Putin declared during the plenary session of the Russian Energy Week (REW) forum in Moscow, according to the

MENA Newswire News Desk: Al Seer Marine, a subsidiary of International Holding Company (IHC), has expanded its fleet with the delivery of two new MR tankers, M.T. Betelgeuse and M.T. Bellatrix. These vessels are the first of six New Building MR tankers ordered

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: Precious metals are shining brighter as gold hit an all-time high of USD 2,607 per ounce earlier this month, reflecting a surge of over 25% year-to-date. Experts point to the influence of macroeconomic uncertainties, geopolitical tensions,

MENA Newswire News Desk: Chipmaker Qualcomm has approached its struggling rival Intel about a possible takeover in recent days, according to sources familiar with the matter. The potential deal, which remains far from certain, has yet to result in a

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:  VERSES AI Inc., a leader in cognitive computing, announced today a new collaboration with Analog, an edge computing company, for the development of smart city projects in Abu Dhabi. The first initiative will focus on improving

MENA Newswire News Desk: The Federal Reserve on Wednesday cut its benchmark interest rate by half a percentage point, marking the first reduction since the Covid pandemic. The Federal Open Market Committee’s decision to lower rates came as inflation showed

MENA Newswire News Desk: Elysium Management, led by Apollo Global Management founder Leon Black, has officially opened its first international branch at Abu Dhabi Global Market (ADGM). The new office, named Scimitar, will play a key role in expanding Elysium’s global presence. Black, a prominent private