Shell has abandoned its search for oil in the Arctic after failing to find enough crude. Due to the lack of oil and gas found off the coast of Alaska, operations will stop for the foreseeable future. Environmental campaigners had criticized the costly project in the Chukchi Sea. The project has had numerous issues including a major setback in 2012 after a drilling rig came lose and was grounded.
UAE to expand CEPAs in 2025, says Thani Al Zeyoudi
Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, reaffirmed on Tuesday the UAE will continue to increase its Comprehensive Economic Partnership Agreements (CEPAs) in 2025, targeting additional countries to maximise benefits for the UAE and its global trade partners.
Chinese stocks post first annual gain since 2020, HK ends four-year rout
Chinese stocks dipped on Tuesday, the final trading day of 2024, but were on track for their first annual gain following an unprecedented three-year decline, while Hong Kong shares also ended the year higher.
UAE's GDP grows 3.6% in H1 2024
The UAE's GDP reached AED 879.6 billion in the first half of 2024, recording a 3.6 per cent increase, according to the Federal Competitiveness and Statistics Centre.
DOH Abu Dhabi receives Startup Ecosystem Stars Award 2024
The Department of Health – Abu Dhabi (DoH) has received the Startup Ecosystem Stars Award 2024, a global accolade run by the International Chamber of Commerce (ICC) Mind the Bridge in collaboration with the OECD and the European Commission.
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