Dubai, UAE - Against the backdrop of the World Economic Forum in Davos, Whiteshield announces the release of the Global Labor Resilience Index (GLRI) 2024. As the world confronts the profound challenges of global warming and the urgency of transitioning to a sustainable future, the impact on labor markets looms large,...

European Union economy commissioner Paolo Gentiloni warned that violence in the Red Sea sparked by Houthi attacks on shipping could push up energy prices and inflation in the bloc. "We know that we're starting this year with subdued growth, increasing concerns on the downside risks caused by the geopolitical tensions,"...

RIYADH, SAUDI ARABIA - The Board of Directors of the Qiddiya Investment Company (QIC) announced on Monday the launch of the Prince Mohammed bin Salman Stadium, an iconic multi-use venue set to further enhance Qiddiya’s philosophy of the Power of Play. Upon opening, it is anticipated to host some of...

DUBAI, UAE - Worldwide PC shipments totaled 63.3 million units in the fourth quarter of 2023, a 0.3 percent increase from the fourth quarter of 2022, according to preliminary results by Gartner, Inc. This marks the first time that quarterly shipments have increased after eight straight quarters of decline, a...

RIYADH, SAUDI ARABIA – The third edition of the Future Minerals Forum (FMF), organized by the Kingdom’s Ministry of Industry and Mineral Resources, has witnessed the signing of several memoranda of understanding (MoUs) between a number of government agencies, companies and institutions. New exploration sites were announced as well as...

ABU DHABI, UAE - First Abu Dhabi Bank (FAB) has issued a five-year US$800 million Sukuk at US Treasury +85bps, which resulted in an all-in yield of 4.779 percent. This marks the first Sukuk issued globally in 2024 and stands as the region's first offering for the year. The final...

PARIS, FRANCE - The year of 2023 was the hottest on record, with the increase in Earth's surface temperature nearly crossing the critical threshold of 1.5 degrees Celsius, EU climate monitors said on Tuesday. Climate change intensified heatwaves, droughts and wildfires across the planet, and pushed the global thermometer 1.48 C...

PARIS, FRANCE  - A consortium of Brazilian, British, French and Chinese energy firms will test new technology aimed at capturing CO2 in an undersea oilfield off Brazil in an effort to reduce emissions, TotalEnergies said on Monday. The pilot unit will separate oil from CO2-rich natural gas at the bottom of...

DUBAI, UAE – For over 30 years, globalization has been the evergreen megatrend as global trade has helped lift some one billion people out of poverty, an expert has said. Yin Zou, the Executive Vice President of Corporate Development, DHL Group, wrote in the World Economic Forum that the COVID-19...

DUBAI, UAE - Aramex, a global provider of comprehensive logistics and transportation solutions, announced a collaboration with the movie, Dunki starring Bollywood Shah Rukh Khan. The partnership marks Aramex as the official brand partner for the movie and is a showcase of the brand’s commitment to expanding its presence in...

World food prices fell in 2023, with considerable declines for grains and oils as supply concerns eased, the UN's Food and Agriculture Organization said. The FAO's cereals price index fell 15.4 percent last year, "reflecting well supplied global markets" compared to 2022, when prices soared after Russia's invasion of Ukraine,...

NEW YORK, US - Former US president Donald Trump's businesses received at least $7.8 million from foreign governments including China during his time in the White House, a congressional report claimed. Officials from Saudi Arabia, India, Turkey and Democratic Republic of Congo were among some 20 countries' representatives who paid money...

ACCRA, GHANA - A United Arab Emirates delegation led by Dr. Rashed Ali Al Kaabi, Assistant Minister of Foreign Affairs for Security and Military Affairs, participated in the United Nations’ Peacekeeping Ministerial Meeting here. The ministerial meeting was the first to be held in Africa with previous sessions taking place...

TEHRAN, IRAN - Iran's Alborz warship has entered the Red Sea through the strategic Bab al-Mandeb strait, Tasnim news agency reported on Monday, at a time of heightened tensions over the globally important waterway. The agency did not give specific reasons for its deployment, but noted that Iranian military vessels had...

ABU DHABI, UAE - The prices of petrol and diesel are set to decrease in the country in January following fluctuations in the global oil market. This change reflects a continuous trend observed in the fuel prices over the past few months, with September and October witnessing increases and November...

DUBAI, UAE – Egypt stands as the most populous Arab country with 113 million people, marking it the 14th largest population worldwide, according to a recent overview by the World Population Review and Worldometer. The data, highlighting population sizes of various countries worldwide, pointed out that the global population has...

AMMAN, JORDAN - Amman Chamber of Commerce (ACC), in cooperation with Ministry of Justice and Jordan Judicial Council (JJC), organized a training workshop on combating human trafficking. According to an ACC statement on Saturday, the workshop aimed to introduce the human trafficking crime in Jordanian law and international agreements and...

Geneva, Switzerland - The head of the WHO said on Tuesday the world needs to properly prepare for future pandemics after finally ending three years of Covid "crisis, pain and loss." In his end-of-year message, World Health Organization director-general Tedros Adhanom Ghebreyesus said 2023 had marked a turning point in fighting...

ABU DHABI, UAE - Abu Dhabi Department of Economic Development (ADDED), represented by Industrial Development Bureau (IDB), and Siemens Energy have joined hands to further decarbonize the Emirate’s booming industrial sector. The collaboration supports Abu Dhabi Industrial Strategy's vision to establish the Emirate as the most competitive industrial hub in...

NEW YORK, US - UN Secretary-General Antonio Guterres said on Sunday that 136 United Nations employees in Gaza Strip had died in 75 days, something the global organization had "never seen" in its history. "Most of our staff have been forced from their homes," the UN chief added in a...

Iranian President Ebrahim Raisi slammed the "inefficacy" of international bodies to halt fighting between Israel and Palestinian group Hamas which has ravaged the Gaza Strip. Raisi's remarks came a day after the United Nations Security Council approved a much-delayed resolution demanding aid be allowed into the besieged Hamas-run territory "at...

ABU DHABI, UAE - The UAE Government has issued a federal decree which aims to regulate and organize media in the UAE. The decree also aims to promote the UAE as a global media hub and establish an enabling environment to catalyze the growth and prosperity of the sector. The...

Doha, Qatar--Qatar Airways Group and the Asian Football Confederation (AFC) have signed a global partnership set to transform the fan experience at Asian football competitions in the coming years. In a statement today, Qatar Airways said that the partnership will run from 2023 to 2029 in time for the AFC...

PARIS, FRANCE - While the UN's COP28 climate summit marked a pivot moment, when the world pledged to say "goodbye" to fossil fuels, International Energy Agency chief Fatih Birol told AFP on Friday, it needs to now urgently boost finance for the energy transition in developing countries. Birol welcomed the landmark...

DUBAI, UAE - With global attention on the COP28 climate summit, UNCTAD’s eWeek 2023 highlighted digitalization’s potential to accelerate climate action and its environmental costs. Data-driven technologies like the Internet of Things, robotics and artificial intelligence (AI) can enhance climate change monitoring, optimize energy use and production processes, and promote...

DUBAI, UAE - The outlook for 2024 remains “highly uncertain and generally pessimistic,” UNCTAD says in the Global Trade Update, citing factors like ongoing geopolitical tensions, escalating debt and widespread economic fragility. Other elements weighing on trade include lower demand in developed countries, less trade in East Asia, an uptick...

The partnership will utilize low-cost indoor farming solution.

MOSCOW, RUSSIA - The chief of Russia’s foreign intelligence service, or SVR, believes the Arab world will take center stage in the struggle for a new world order next year. Sergey Naryshkin believes that in the Arab countries "the globalist elites’ ambitions to play the role of an international hegemon,...

Heavy urban combat raged in and around Gaza's biggest cities as the bloodiest-ever war between Israel and Hamas entered its third month since the Palestinian group's attack on October 7. The death toll in Gaza has soared to 17,177 as per the Hamas-run health ministry, and vast areas have been...

Paris, France - Asian countries dominated the top spots in a keenly watched survey of education capabilities published Tuesday, while levels in Europe slipped at a record pace -- and not just because of Covid. However, the report also showed that students in top performing countries were not necessarily happier. The...

DOHA, QATAR - QatarEnergy has announced the successful integration of all marketing and marketing-related activities formerly managed by QatarEnergy LNG. QatarEnergy described the integration process as a major move towards consolidating the company’s position as a global energy leader and an important milestone to enhance the effectiveness of LNG marketing...

DUBAI, UAE - Fifty oil and gas companies representing 40 percent of global production pledged to decarbonize their operations by 2050 at the UN's COP28 climate talks in Dubai on Saturday. Saudi giant Aramco and ADNOC of the UAE were among 29 national companies to sign a non-binding agreement that also...

DUBAI, UAE – At the UN Climate Change Conference (COP28) here, UAE President Sheikh Mohamed bin Zayed Al Nahyan attended part of the Group of 77 and China meeting. The President extended a warm welcome to the leaders present, underscoring the significance of collaboration among developing nations to enhance common...

LONDON, UK - The UAE has been re-elected to the Council of the International Maritime Organization (IMO) in the Category B membership for the fourth term with the highest number of votes, following comprehensive efforts and an intensive election campaign leading up to the elections. Through its landmark initiatives, the...

In a groundbreaking announcement at the World Climate Action Summit during the UN Climate Change Conference (COP28), UAE President Sheikh Mohamed bin Zayed Al Nahyan unveiled a $30 billion fund dedicated to global climate solutions. He said UAE has plans to invest $130 billion over the next seven years to...

Vienna, Austria - Major producer Brazil will join OPEC+ from next year, the oil cartel announced on Thursday. Brazil is among the world's top 10 producers and has been the largest oil producer in Latin America since 2016. Its crude production hit a record 3.7 million barrels per day in September,...

WASHINGTON, US -  US President Joe Biden has warned Israel that its expected offensive in southern Gaza must avoid the kind of mass displacement of civilians seen during the military's pummeling of the Palestinian territory's north, US officials said. Israel has said it will continue its war on Hamas after an...

DUBAI, UAE: Governments and the United Nations should create an internationally adopted framework specifically designed to help solve global challenges, a world-leading futurist on Tuesday told the Dubai Future Forum 2023 here. Dr. Jamie Metzl, founder of ‘OneShared.World’ and author of Hacking Darwin, said the world is struggling to address...

Stock markets were mostly in wait-and-see mode as investors eyed the release this week of key US inflation data that could guide Federal Reserve plans for interest rates. Oil prices slid nearly two percent before cutting their losses as dealers awaited a delayed meeting of OPEC and its allies to...

Hamas released a third group of hostages including a four-year-old American girl with more Palestinian prisoners set to be freed in exchange. A source close to the group said it was willing to prolong a truce. The Israeli army said 13 released hostages were back in the country and another...

Paris, France--The International Energy Agency on Thursday called on oil and gas companies to devote half of their investments to clean energy by 2030, urging them to face a "moment of truth" at next week's COP28, the largest UN climate change conference ever held. The IEA urged producers to make the...

DUBAI, UAE - Fitch Ratings has affirmed the critical role that COP28 will play in raising awareness of sustainability issues in the region and steering investment and financial requirements towards a more environmentally responsible approach. Bashar Al-Natoor, Global Head of Islamic Finance and Managing Director at Fitch Ratings, expressed optimism...

MANAMA, BAHRAIN – Secretary General of the Gulf Cooperation Council (GCC) Jasem Mohamed Albudaiwi has said that the hosting of the 19th Manama Dialogue here reinforces the country's leading role in analyzing key political, defense and security issues in the Middle East and beyond. The conference brings together global senior...

BERLIN, GERMANY - Germany and Turkey's leaders traded barbs on Friday over Israel's war on Hamas, with Frank-Walter Steinmeier stressing the country's right to exist while Recep Tayyip Erdogan demanded an end to Israel's military operation. Turkey’s President Erdogan is on a highly controversial visit to staunch Israel defender Germany, made...

ABU DHABI, UAE - Abu Dhabi Ship Building (ADSB) announced that it is building two 28-meter vessels for ADNOC Logistics and Services plc (ADNOC LS), a global energy maritime logistics leader. The order for these vessels further strengthens the relationship between ADNOC LS, a global energy maritime logistics leader, and...

RIYADH, SAUDI ARABIA - Since its foundation, the Kingdom has been keen to build bridges of communication with all the countries in accordance with a clear policy to build positive relationships based on respect, cooperation and common interests. The Kingdom's interest in establishing relations with the Caribbean Community (CARICOM) stemmed...

DUBAI, UAE – The biggest edition of the Dubai Airshow, a significant global event for the aerospace, space and defense industries, will begin here on Monday. Under the theme ‘The Future of the Aerospace Industry’, the 18th edition of the event, which runs till November 17, will see industry trailblazers...

The UN called for an overhaul of the global financial system to help the world's poorest countries and their struggle to fill "enormous financial gaps". A report from UNCTAD highlighted how multiple crises, from the Covid pandemic to soaring inflation, and declining foreign direct investment have hit poorer countries particularly...

GENEVA, SWITZERLAND - Global patenting activity soared to new records in 2022, fueled by Indian and Chinese innovators, but an uncertain economic outlook is weighing on further growth, says the World Intellectual Property Organization report. Even as global filings for trademarks and designs dropped, innovators from around the world submitted...

Russia called for "collective action" to end fighting between Israel and Hamas, including an international conference, almost a month into the war that has left thousands dead. Russia, which has been waging a large-scale military operation in Ukraine for over 20 months, has also repeatedly criticized Western policies in the...