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WTO convenes ministers in UAE with slim hopes for breakthrough
The World Trade Organization's 13th ministerial conference (MC13), scheduled to run until Thursday in Abu Dhabi, the capital of the United Arab Emirates, is the first in two years. The WTO is hoping for progress, particularly on fishing, agriculture and electronic commerce.
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World Economic Forum foresees ‘significant economic slowdown’
Davos, Switzerland--A new World Economic Forum report titled the Future of Growth Report 2024 foresees a significant economic slowdown, estimated to fall to the lowest rate in three decades by 2030, amid ongoing economic and geopolitical shocks. The report released today, offers a re-evaluation of global economic growth, introducing a... -
With Mideast crisis, Russia and China hope to turn tables on US
The Chinese and Russian reprimands ring hollow for US officials, who doubt the rival powers will engage in painstaking diplomacy along the lines of Secretary of State Antony Blinken's recent trip to the region. But the United States has historically stood out as a lonely voice in its close embrace... -
‘Technology may help bridge global economic divide’
External shocks, such as COVID, Ukraine war and rising costs have exacerbated economic disparities, while geopolitics hinders effective global decision-making, says an expert. -
Global CEOs rank political uncertainty as biggest risk to business
Dubai, UAE-- CEOs from around the world consider geopolitics and political uncertainty as the greatest risk to the growth of their business — be it navigating a company’s presence in a conflict zone or attempting to navigate disrupted supply chains and manage price fluctuations. The conclusion emerged from a survey... -
Exclusive: Private military companies look at $366.8bn market as their demand, role in global conflicts rise
Rising security concerns, confrontational geopolitics, and chaotic global changes have fueled the demand for private military companies, the new reality of modern warfare. -
Exclusive: Private military companies look at $366.8bn market as their demand, role in global conflicts rise
Rising security concerns, confrontational geopolitics, and chaotic global changes have fueled the demand for private military companies, the new reality of modern warfare. -
Oil prices fluid amid geopolitics, economic recovery
Geopolitical tensions, such as the Russian-Ukrainian war and the trade war between the United States and China, have sent shockwaves through the oil market, says an expert. -
GCC countries, Russia sign five-year joint action plan
The GCC countries and Russia have adopted a joint statement and a joint action plan for 2023-2028 following their meeting, Russian Foreign Minister Sergey Lavrov said. Later Lavrov met with the Saudi foreign minister to discuss strategic cooperation between the two countries. -
UAE-Indonesia CEPA to launch new era of strategic cooperation: Emirati ministers
The CEPA with Indonesia is the third of its kind to be signed by the UAE since the year started, following the ones signed with India and Israel in February and May, respectively. -
Inflation, geopolitics take toll on GCC businesses
Inflation spawns numerous hurdles as GCC business leaders struggle to find a way to surmount the difficulties aggravated by geopolitical events. -
UAE calls for investment in oil, gas to protect global economy
The UAE has called for a stronger investment in oil and gas resources in order to protect the global economy from the effects of geopolitical issues and to manage the energy transition of the future. -
Meta lays out moves being made to build the metaverse
The metaverse is a 3D virtual world where people will be able to interact using sensors, head gear and other gadgets. -
Algeria’s Sonatrach signs deal to restart Libya operations
The Algerian group announced the deal during a visit to the neighbouring North African country by its chief Toufik Hakkar. -
Inflation, geopolitics might worsen credit conditions: S&P
The credit ratings agency has said the prospects for global economic growth have softened, even if it was to a modest extent. -
Iran says fresh talks with Saudi if Riyadh ‘serious’
Iran said Monday any new talks with Saudi Arabia will depend on Riyadh's willingness to move ahead and be more "serious" to ease tensions after a five-year rift. The regional powers have been engaged in talks since April with the aim of improving ties, with four rounds of discussions taking... -
US leaves Afghanistan, 20 years of war ends
Taliban fighters swept into the airport and fired weapons into the sky in jubilation as the last of the American troops left on Monday night. -
A weighting game: Russia’s balancing act in the Middle East
In 1978, Egyptian journalist Mohamed Heikal declared in his book Sphinx & Commissar that Soviet influence in the Middle East was a “spent force”, undermined by Moscow’s inability to be both a superpower and “the bastion of world revolution”. One decade later, as the Soviet Union collapsed in 1989-91, some... -
Are sands shifting in Turkey’s Middle East policy?
The past year has seen Turkey distance itself from some of its long-standing political alignments, easing away from the West and adopting a more Eastern-focused stance with regard to the Middle East, gravitating into an orbit that includes Iran, Qatar and Russia, though many analysts feel this shifting of poles...