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With this confirmation, over 1.8 billion Muslims worldwide will start fasting each day from sunrise to sunset Saudi Arabia’s Royal Court announced on Friday that the holy month of Ramadan will begin on Saturday, March 1, following the sighting of the Ramadan crescent moon in the Kingdom, SPA reported.With this confirmation, over 1.8 billion Muslims worldwide will start fasting each day from sunrise to sunset.Read more | Ramadan 2025: Saudi Arabia to celebrate with vibrant traditions, cultural heritage eventsRamadan occurs in the ninth month of the Islamic lunar calendar, which contains 12 months in a year of 354 or 355…
The Club’s 10 things to watch Friday, Feb. 28 1. Stock futures rose after the Federal Reserve’s favorite measure of inflation rose in line with expectations. The personal consumption expenditures index for January increased 0.3% month over month and 2.5% year over year. It’s a decent number, but you’re going to need at least a couple of more trending lower before the Fed cuts rates again 2. Tariff uncertainty continues to plague the market. China vows retaliation to President Donald Trump’s plan to put an additional 10% tariff on imported goods from the country. The rapidly evolving trade policy is…
Inflation eased slightly in January as worries accelerated over President Donald Trump’s tariff plans, according to a Commerce Department report Friday.The personal consumption expenditures price index, the Federal Reserve’s preferred inflation measure, increased 0.3% for the month and showed a 2.5% annual rate.Excluding food and energy, the core PCE also rose 0.3% for the month and was at 2.6% annually. Fed officials more closely follow the core measure as a better indicator of longer-term trends. The 12-month core measure showed a step down from the upwardly revised 2.9% level in December. Headline inflation eased by 0.1 percentage point.The numbers all…
The agreement cultivates sustainable economic growth by supporting a nurturing ecosystem for climate-focused startups UAE Independent Climate Change Accelerators (UICCA) and the UAE Ministry of Economy (MOEC) have signed an agreement to collaborate on advancing the circular economy. The agreement establishes a strategic framework for supporting innovation and entrepreneurship through the Circular Economy Cycle of theUICCA Launchpad Program.The agreement formalizes a shared commitment between UICCA and MOEC to drive sustainable economic growth by promoting a supportive ecosystem for climate-focused startups. Through this collaboration, the MOEC will help promote the program, facilitate engagement with investors, and enhance regulatory alignment to strengthen…
People shop and walk in the shopping streets in the city center of Munich, Bavaria, Upper Bavaria, Germany, on February 20, 2025.Michael Nguyen| Nurphoto | Getty ImagesGerman annual inflation came in at an unchanged but higher-than-expected 2.8% in February, provisional data from statistics agency Destatis showed Friday.The print is harmonized across the euro area for comparability. The February print compares to a 2.7% estimate from economists surveyed by Reuters. The January harmonized annual inflation reading had also come in at 2.8%, which was already unchanged from December.On a monthly basis, harmonized inflation rose 0.6%, according to the preliminary data from Destatis.So-called…
Designed by HBA, Sensia features angled floor plates for privacy and stunning panoramic viewsDubai’s luxury real estate developer BEYOND Developments launched Sensia, its third signature project within the 8 million sq. ft master-planned development at Dubai Maritime City (DMC). Following the success of Saria and Orise and the remarkable interest from local, regional, and international investors, the launch of Sensia marks a significant milestone for BEYOND. Achieved just six months after its establishment, this expansion reinforces the company’s rapid growth and strong investor confidence in its visionary developments, according to a statement.Adil Taqi, chief executive officer, BEYOND Developments, said: “Dubai…
Getty ImagesThe US-UK trade deal warmly suggested by President Donald Trump should help insulate the UK from the direct impact of global trade tensions.It signals that the White House has accepted the statistical logic that the US and UK have a balanced trade position.Essentially each country roughly exports the same amount of goods to one another. Indeed, rather helpfully, according to the US numbers it exports more.There is no general case that the UK is, in the words and logic of the president, “ripping off” or “screwing” the US, as he has suggested of many other countries and the EU.So…
The Technical Inspection Departments will function from 8 a.m. to 5 p.m. Qatar’s Ministry of Interior (MoI) revealed the official working hours for its public service departments during the holy month of Ramadan. The General Directorate of Passports and its related departments will be open from 8 a.m. to 1 p.m. Similarly, the Department of Nationality and Travel Documents will also operate during these hours.The Technical Inspection Departments will function from 8 a.m. to 5 p.m., while the Driver’s License Department at Driving Schools will have a schedule from 6 a.m. to 11 a.m. The Vehicle Number Plate Workshop located…
The Abu Dhabi Investment Office (ADIO) and the Italian development bank Cassa Depositi e Prestiti (CDP) have disclosed the establishment of their first strategic partnership, aimed at assisting Italian companies seeking to invest or expand in Abu Dhabi, as well as UAE-based businesses looking for opportunities in Italy.This strategic collaboration was formalized during a ceremony at the Italy-UAE Business Forum in Rome, which was graced by His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, and Her Excellency Giorgia Meloni, prime minister of Italy. The agreement was signed by His Excellency Rashed Abdulkarim Al Blooshi, undersecretary of…
The Jeddah Historic District will feature unique Iftar and Suhoor experiences in historical houses The Saudi Ministry of Culture is set to host “Ramadan Season 1446 AH in Saudi Arabia” across various cities. This initiative showcases an array of cultural and community events that emphasize the rich heritage of Ramadan and the longstanding traditions of Saudi Arabia.Under the slogan “Our Nights Have Returned,” the ministry plans to adorn roads and public areas with vibrant lights and artistic installations. Notable locations in Riyadh and Jeddah, such as Al Ghadeer Walkway, Olaya Street, and the Jeddah Corniche, will be beautifully illuminated for…