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Ericsson has also tied up with regional players to build efficient solutions and reduce energy consumptionSwedish networking and telecom giant Ericsson will be showcasing its energy-efficient 5G solutions at MWC Barcelona, 2025, as it remains committed to its net-zero targets. Speaking to Economy Middle East, Fida Kibbi, head of Marketing, Communications, Sustainability and Corporate Responsibility at Ericsson Middle East and Africa, highlights the importance of regional initiatives and partnerships in helping the ICT industry get on track to meet its sustainability targets. She also outlines initiatives at Ericsson to encourage more women to pursue careers in the field.Edited excerpts:What are…
UAE-based issuances ranked second, with $38.5 billion through 109 issues, representing 26 percent of the marketPrimary debt issuances of bonds and sukuk in the Gulf Cooperation Council (GCC) region amounted to $147.9 billion through 296 issuances during 2024, a 55.1 percent increase from 2023. The total value of primary issuances during the last quarter of 2024 was $21.2 billion compared to $15.9 billion during the last quarter of 2023.In its latest fixed income report, the Kuwait Financial Center “Markaz” revealed that Saudi-based issuances led the GCC during 2024, raising $79.5 billion through 79 issuances, up from $52.5 billion in 2023, an…
China may introduce a round of retaliatory tariffs against the United States if Washington follows through on threats to raise duties on Chinese imports by another 10 per cent, Goldman Sachs has predicted.Meanwhile, Beijing is likely to supplement the tit-for-tat duties with a broader mix of economic measures to protect its exporters from the latest round of US tariffs, which are due to go into effect on Tuesday, analysts told the Post.US President Donald Trump announced on Thursday that his administration would hike tariffs on all Chinese imports by a further 10 per cent, following a similar move last month,…
Global oil prices fell in European trade on Friday, resuming losses and about to hit 11-week lows, and on track for the heftiest monthly loss since September 2024 amid mounting concerns about Trump’s tariffs and their impact on the global economy. Prices are also pressured as Iraq prepares to resume crude exports from Kurdistan, which overshadowed a surprise drop in US crude stocks last week. Prices US crude fell 1.1% today to $69.2 a barrel, with a session-high at $70.145. Brent fell 0.9% to $72.61 a barrel, with a session-high at $73.41. On Thursday, US…
In Riyadh, the villa market has seen steady growth, with average prices now approaching SAR6,000 per square meterSaudi Arabia’s real estate sector has doubled its contributions to the country’s economy last year from 5.9 percent in 2023 to around 12 percent in 2024. This surge was supported by new legislation streamlining regulations, including over 20 new regulations that aim to facilitate development and boost investor confidence.In its latest Saudi report, CBRE Middle East noted that this growth is reflected in various metrics with 192 real estate project licenses issued in 2024, whilst the construction sector added 3,800 new licenses, a…
LONDON — The European Union is expected to announce “concrete” measures on boosting defense financing this week, sources told CNBC, as Europe and the United States clash over support for Ukraine.The 27 EU leaders will gather in Brussels on Thursday for a meeting dedicated to defense and support for Ukraine. It follows two particularly tense moments in U.S.-Europe relations: Vice President JD Vance’s speech in Munich in mid-February when he criticized European leaders; and the on-the-record clash between the U.S. administration and Ukrainian President Zelenskyy in the Oval Office on Friday.European leaders are trying not to alienate President Donald Trump…
Global oil prices fell in European trade on Friday, resuming losses and about to hit 11-week lows, and on track for the heftiest monthly loss since September 2024 amid mounting concerns about Trump’s tariffs and their impact on the global economy. Prices are also pressured as Iraq prepares to resume crude exports from Kurdistan, which overshadowed a surprise drop in US crude stocks last week. Prices US crude fell 1.1% today to $69.2 a barrel, with a session-high at $70.145. Brent fell 0.9% to $72.61 a barrel, with a session-high at $73.41. On Thursday, US…
Global oil prices fell in European trade on Friday, resuming losses and about to hit 11-week lows, and on track for the heftiest monthly loss since September 2024 amid mounting concerns about Trump’s tariffs and their impact on the global economy. Prices are also pressured as Iraq prepares to resume crude exports from Kurdistan, which overshadowed a surprise drop in US crude stocks last week. Prices US crude fell 1.1% today to $69.2 a barrel, with a session-high at $70.145. Brent fell 0.9% to $72.61 a barrel, with a session-high at $73.41. On Thursday, US…
The Japanese yen rose in Asian trade on Monday against a basket of major rivals, moving in a positive zone against the US dollar and recovering from two-week lows, and about to trade above 150 yen once more. The yen performed strongly in February, led by the outlook of a Japanese interest rate hike in March with traders now waiting for more clues on the future path of Japan’s monetary policies. The Price The USD/JPY pair fell 0.25% today to 150.24 yen per dollar, with February 20 highs at 151.02. The yen lost 0.55% on Friday,…
The euro rallied in European trade on Monday against a basket of major rivals, starting its recovery from two-week lows against the dollar and on track for the first profit in four days as European leaders agreed to present urgent plans to the US to achieve peace in Ukraine. Additionally, after bullish remarks from some European Central Bank officials, the odds of a March ECB interest rate cut dropped, with traders awaiting important eurozone inflation data later today to gather more clues. The Price The EUR/USD pair rose 0.5% today to $1.0423, with a session-low at $1.0399. …