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The euro rose in European trade on Friday against a basket of major rivals, resuming gains against the dollar and trading near four-month highs, and about to mark the biggest weekly profit in 16 years.    The recently announced massive German stimulus plans accelerated inflation forecasts in the eurozone, which might prompt the ECB to tighten its monetary policies once more.    The European Central Bank voted on Thursday to cut interest rates to December 2022 lows, the fifth such cut in a row, with the bank expecting a pause in the cycle of rate cuts in April.   The…

Europe’s struggling economy has economists worried — and senior European Central Bank policymaker Mário Centeno, echoes that view.”I am very concerned about the European economy,” Centeno, who is also governor of the Bank of Portugal, told CNBC’s “Squawk Box Europe” on Friday.On Thursday, the ECB revised its gross domestic product expectations for the euro area to 0.9% growth in 2025, down from a previously projected 1.1% expansion. The euro area’s seasonally adjusted GDP most recently eked out a 0.1% increase in the fourth quarter.Centeno linked the downward growth outlook revision to reduced exports and investments, echoing the ECB statement.”Special investment…

The airline’s officials conducted 270 high-level meetings, while its pavilion attracted more than 6,000 visitorsEmirates concluded its participation in the ITB Berlin 2025, the prominent travel and tourism exhibition, by signing 11 strategic agreements over the course of the three-day event.According to a statement issued on Friday, the airline’s officials conducted 270 high-level meetings, while its pavilion attracted more than 6,000 visitors. The pavilion featured the latest Emirates’ next-generation A350 cabin products alongside its sustainability initiatives.Renewed commitment to European travelEmirates also renewed its Memorandum of Understanding with the Austrian National Tourist Office (ANTO) on the sidelines of ITB Berlin, further…

The project more than doubles the capacity from 1.8 million twenty-foot equivalent units (TEUs) to four million TEUsDP World and Saudi Ports Authority (Mawani) have unveiled the new state-of-the-art South Container Terminal at Jeddah Islamic Port, marking a major milestone in DP World’s SAR3 billion ($800 million) expansion and development programme to upgrade the terminal and enhance Saudi Arabia’s position as a leading global trade hub.The three-year project has transformed South Container Terminal into one of the region’s most advanced and sustainable container terminals, while also more than doubling the capacity from 1.8 million twenty-foot equivalent units (TEUs) to four…

A week since Ukrainian President Volodymyr Zelenskyy’s heated expulsion from the White House, European leaders have upped the ante on defense spending plans as they seek to support Kyiv and fill a potential void of U.S. aid.  This week, the European Commission proposed measures for fiscal flexibility on defense spending and a plan to borrow 150 billion euros ($163 billions) to lend to EU governments for Europe-wide defense capabilities, including artillery systems, missiles and anti-drone systems.With this equipment, the EU stressed it could “massively step up” its support to Ukraine, which has depended on both Europe and the U.S. for…

The euro rose in European trade on Friday against a basket of major rivals, resuming gains against the dollar and trading near four-month highs, and about to mark the biggest weekly profit in 16 years.    The recently announced massive German stimulus plans accelerated inflation forecasts in the eurozone, which might prompt the ECB to tighten its monetary policies once more.    The European Central Bank voted on Thursday to cut interest rates to December 2022 lows, the fifth such cut in a row, with the bank expecting a pause in the cycle of rate cuts in April.   The…

In a bid to strengthen growth and foster collaboration between the government and the private sector, Prime Minister Shehbaz Sharif hosted a delegation of prominent business leaders at the Prime Minister’s House on Friday. During the meeting, the premier acknowledged the crucial role of the business community and pledged to act as a facilitator to ease investment conditions and accelerate economic development, read a statement released by the Prime Minister’s Office (PMO). “I welcome you all,” said PM Shehbaz, while lauding the role of the business community in generating economic activity in the country. “You all invested your capital in…

Shaikha Nasser Al Nowais, Corporate Vice President of Owner Relationship Management at Rotana Hotel Management Corporation, shares her vision for the future of global tourismShaikha Nasser Al Nowais is a distinguished leader in the global hospitality industry. As Corporate Vice President, Owner Relationship Management at the Abu Dhabi-based Rotana Hotel Management Corporation, she has been instrumental in driving tourism initiatives both within the UAE and internationally. With over 15 years of experience, she has navigated the evolving landscape of hospitality, fostering growth in emerging markets while championing sustainability and economic inclusivity.“Tourism is a transformative force for economic growth, fostering job…

H.E. Al Marri: The 4th Investopia edition successfully opened new global investment opportunities in emerging sectorsThe fifth edition of Investopia will take place in Abu Dhabi, from March 31 to April 2, 2026. It will run over three days instead of two, based on growing interest from existing and new participants. The aim is to create an annual global platform for investment talks, bringing together leaders, ministers, senior officials, decision-makers, business people, investors, entrepreneurs, and economic experts from around the globe for this UAE event.H.E. Abdulla bin Touq Al Marri, UAE minister of Economy and chairman of Investopia, said “The…

The upgraded aircraft from Emirates’ retrofit program are now entering scheduled service with enhanced cabins Emirates will broaden the range of cities served by its refurbished Boeing 777 to include Seoul, South Korea, starting April 14 and London Stansted in the U.K. from May 7. This expansion comes as the aircraft featuring upgraded cabins emerge from Emirates’ retrofit program and enter scheduled service.The four-class Boeing 777 from Emirates will commence operations on flights EK324/325 between Dubai and Seoul, running three times a week on Mondays, Wednesdays, and Fridays. This deployment makes Seoul the second East Asian destination to welcome Emirates’…