Browsing: Business

Wage inequality has declined in two-thirds of nations since 2000, with significant progress in low-income countries, but high disparities and uneven regional wage growth persist, according to the ILO report.

The UAE’s non-oil economy is forecast to grow 4.7% in 2024, driven by tourism, real estate, and infrastructure projects, alongside robust foreign investments and diversification efforts.

Dubai’s PCFC launches the Dubai Code for Ports, a global first, setting new standards in maritime infrastructure and supporting Dubai’s growth as a leading global trade hub.

ADNOC Gas finalizes plans to acquire a majority stake in Ruwais LNG by 2028, aligning with its $15 billion CAPEX initiative and advanced low-carbon facility goals.

IATA reports global air cargo demand grew 9.4% in September 2024, continuing a robust trend of 14 consecutive months of growth, driven by high international operations.

Apple’s record revenue in India reflects growing demand for iPhones and services, with CEO Tim Cook highlighting a September quarter record and plans to open four new stores in the country.

Dubai Aerospace Enterprise reported $310.8 million net profit for Jan–Sep 2024, a 55% increase year-over-year, supported by strategic aircraft acquisitions and rising revenue.

South Korea’s corporate financing surged by 57.6% in September, driven by strong bond sales. Companies raised 31.6 trillion won, while equity issues declined significantly.

Russia’s GDP grew by 4.2% in the first eight months of 2024, driven by expanding international trade and stronger economic partnerships with ‘friendly’ nations.

Kuwait’s crude oil price surged by $4.5 on Wednesday, reaching $75.40 per barrel, driven by concerns over Middle Eastern tensions and market uncertainty, according to Kuwait Petroleum Corporation.