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The European Commission has disbursed an additional €10 million to the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA), reinforcing its support amid growing humanitarian needs. This supplementary funding follows the €82 million already

Oil prices edged higher on Wednesday, buoyed by a drop in U.S. crude inventories and an anticipated interest rate cut by the U.S. Federal Reserve. However, gains were tempered by the Fed’s projection of a slower pace of rate reductions

FedEx Corporation announced on December 19 its plan to spin off FedEx Freight into a separate publicly traded company, aiming to establish the largest less-than-truckload (LTL) carrier in North America. The decision, following a comprehensive strategic review by the FedEx

Nike CEO Elliott Hill outlined his strategic plan on Thursday to revive the company’s growth trajectory, attributing recent revenue and profit declines to excessive promotional discounts. Hill, a longtime Nike veteran who rejoined the company in October, emphasized restoring “sport”

ADNOC Logistics & Services Plc (ADNOC L&S) has significantly expanded its offshore operations in 2024, acquiring 20 new offshore assets and securing contracts for 19 Jack-Up Barge (JUB) deployments. These developments underscore the company’s strategy to strengthen its Integrated Logistics

The OPEC Fund for International Development (OPEC Fund) has formalized its first collaboration with Montenegro, signing a €50 million loan agreement to bolster the nation’s fiscal stability and green transition. The agreement, announced on December 18, 2024, marks a significant

The Central Bank of the United Arab Emirates (CBUAE) has reported a significant increase in its gold reserves, surpassing AED23 billion by the end of the third quarter of 2024. According to the CBUAE’s Monthly Statistical Bulletin for September, the