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The Russian Gross Domestic Product (GDP) was 3.6% in 2023, according to the Federal State Statistical Service (Rosstat). The GDP in current prices was 172.148 trillion rubles ($1.88 trillion), with the GDP deflator index gaining 7% from the previous year. The GDP growth was driven by increases in the physical volume of added value in processing sectors, construction, wholesale and retail trade ...

The combined net worth of the richest Russian entrepreneurs has increased by $18.293 billion since the start of 2024, with Andrey Melnichenko, founder and former beneficiary of EuroChem Group, seeing the largest gain. His net worth rose to $24.1 billion from $5.29 billion, according to data from the Bloomberg Billionaires Index (BBI). The BBI, which includes the 500 richest people worldwide ...

The Ramadan Majlis held at Al Awadhi Residence on March 28, 2024, in collaboration between EurAsia Gulf Business Platform and The Corporate Group brought together 75 business owners and investors. Mr. Abdel Rahman Mohamed Ali Alhosani highlighted the significant support provided by the Dubai Industry & Export Agency to UAE businessmen in expanding their global exports. The event showcased the ...

The UAE and Kyrgyzstan have launched the second cohort of government accelerators, aimed at promoting cooperation and expanding the partnership between the two countries in the fields of government modernisation and development. The initiative focuses on attracting foreign investment, improving the legislative structure, accelerating local exports, simplifying vehicle registration, and issuing ...

The UAE and Masdar are supporting Azerbaijan's efforts in clean energy and sustainable development. Masdar is developing a 230 MW solar power plant in Azerbaijan, funded by foreign investment, which will begin operations in 2023. The plant will generate enough electricity for over 110,000 homes and reduce 200,000 tonnes of carbon emissions annually. The project is also expected to create job ...