Washington, United States - The year 2024 promises to be a busy one for American Moon landings, all under a new partnership between NASA and the space industry. A first attempt under the Commercial Lunar Payload Services (CLPS) initiative ended in disappointing failure last month, but a second, led by Houston-based...

The region, with the world's highest youth unemployment rate, requires the creation of 33.3 million jobs by 2030 to accommodate the large number of candidates each year.

DUBAI, UAE -  Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, has issued Executive Council Resolution No. 124 of 2023 on single-use products. The aim of the resolution is to protect the environment, encourage people to adopt an eco-friendly lifestyle,...

"The GCC has all the potential to become a strong economic alliance capable of asserting itself on the global economic map. This potential is attributed to its natural resources, distinctive geographical location, and robust relations with numerous global economic entities and alliances," adds Sheikh Khalifa bin Jassim.

Private sector has the ability to mobilize resources and foster innovative solutions for vulnerable communities, Dominica's Environment Minister Cozier Frederick tells TRENDS.

UAE, Dubai - UAE has approved the year 2024 official holidays calendar for both public and private sectors. As part of the UAE's ongoing efforts to enhance work and life balance in government and private sectors, the resolution aims to enable all community members working in various sectors in the UAE,...

DUBAI, UAE - The Ministry of Human Resources and Emiratization (MoHRE) has launched awareness guidebooks for private sector companies and Emirati private sector employees to raise awareness on Emiratization-related decisions and initiatives in the country. The guidebooks also provide information on the benefits provided by both the Ministry and Nafis...

RIYADH, SAUDI ARABIA – The gross domestic product of the Kingdom exceeded US$1 trillion which displays strong progress towards meeting its Vision 2030 targets, a report revealed. Saudi Arabia's non-oil private sector is leading in growth for 2023, having accelerated to 5.8 percent year-on-year (yoy) in Q2 2023 and is...

RIYADH, SAUDI ARABIA – A total of 52 memorandums of understanding (MoUs) were signed at the Saudi-Korean Investment Forum here. The MoUs were signed by both government and private entities. Government agencies signed four MoUs with the private sector in areas such as real estate development, automotive, and water. President...

"From 2021 to 2022, Saudi exports to Portugal jumped by 50 percent, and imports from Portugal rose by nearly 40 percent, resulting in a trade volume of $1 billion. This emphasizes the potential for increased collaboration between the two countries," adds Saudi Arabia's Minister of Economy and Planning Faisal F....

DOHA, QATAR -  The Ministry of Labor (MoL) launched the "Istamer" digital platform, which deals with employing Qatari retirees wishing to work in the private sector. The unveiling of the Istamer platform is a key component of promoting the National Program for Job Localization in the Private Sector. Its purpose...

Chaired by UAE Envoy for Climate Change Sultan Al Jaber, the global climate summit will focus on a four-pillar strategy for a sustainable future.

Dubai, UAE -- The number of employees at capital market institutions rose by 103 quarter-on-quarter (QoQ) to 5,524 by the end of the second quarter of 2023, according to the latest data from the Capital Market Authority (CMA). Males accounted for 80 percent of the employees at capital market institutions,...

Manama, Bahrain--Bahrain has indicated its keenness to encourage investments in the kingdom's oil and environmental projects through partnerships with the private sector, especially banks, to achieve sustainable development goals. Dr. Mohammed bin Mubarak bin Daina, Oil and Environment Minister, Special Envoy for Climate Affairs, has affirmed the government’s keenness to...

Manama, Bahrain - Tamkeen, a semi-autonomous government agency, tasked with developing Bahrain's private sector has decided to support the Bahrain-based business-to-business (B2B) tendering platform, Procural, as part of its effort to create new jobs for Bahrainis. The support will enable Procural to enhance its ability to use cloud-based technology and...

DUBAI -- The Dubai Chamber of Commerce, one of the three chambers operating under Dubai Chambers, has revealed that it received a total of 75 mediation cases during the first half (H1) of 2023. Mutually agreeable settlements were achieved in 35 of these cases, representing a success rate of 46.7...

Doha, Qatar -- Non-energy private sector companies recorded the second highest growth in 2023 so far, according to the latest Purchasing Managers' Index (PMI) data that indicated a positive start for the second half of 2023. Growth rates for output, new orders, employment and purchasing increased, and the 12-month outlook...

Almost half of Arab youth are keen on starting their own businesses in the next five years, signaling a significant preference shift from government to private sector jobs.

RIYADH, SAUDI ARABIA - The Public Investment Fund (PIF) announced the establishment of Sawani Company to enable the growth of the camel farming industry in the Kingdom and actively contribute to its sustainable development. The company aims to be a leading producer of camel dairy products, supporting Saudi Arabia’s wider...

Dubai, UAE-- Seeking to forge partnerships around the world, Dubai Chambers will host a two-day event in November this year called Dubai Business Forum, bringing together key public and private sector stakeholders. The event will be hosted at the city’s Madinat Jumeirah on 1st and 2nd November, 2023, under the...

Sharjah, UAE -- The Federation of UAE Chambers of Commerce and Industry (FCCI) and the International Development Bank (IDB)-UAE have launched Ma'an (Together) initiative to strengthen Emirati and Iraqi private sectors. The two entities aim to achieve this by using Ma'an to encourage private sector businesses to broaden their operations...

Abu Dhabi, UAE--The Central Bank of the United Arab Emirates (CBUAE) has noted with satisfaction the persistent credit appetite of the private sector in the country, evident in the strong demand growth for loans that were coupled with financial institutions’ increased willingness to lend in the first quarter of this...

St. Petersburg, Russia-- The UAE is seeking to strengthen economic cooperation with many countries in the world in order to ensure a sustainable and prosperous future for generations to come. This was stated by Sheikh Saud bin Saqr Al Qasimi, supreme council member and ruler of Ras Al Khaimah, in...

Despite this pessimistic view, however, 61 percent of the surveyed graduates expressed interest in joining the private sector, said PwC's Emiratization Survey 2023, titled "The Retention Riddle: How to keep Emirati talent in the private sector." The survey sheds light on the efforts made by the UAE to enhance Emirati...

Geneva, UAE - The private sector has increased its contribution to the UAE GDP to more than 70 percent, making the country among the top 10 in 28 of the most important global competitiveness indicators, Member of the UAE Board of Directors of the Ajman Chamber of Commerce and Industry...

Dubai, UAE-- The UAE'S Ministry of Human Resources and Emiratisation (MoHRE) has extended the deadline for private sector to hire local employees from June 30 to July 7. MoHRE said this decision was taken by taking into consideration the Eid Al Adha holiday, which falls on the fourth week of...

"Everybody sees this as an opportunity to bring their businesses here. Accessing capital can be challenging, but fortunately the government has established a substantial pool of subsidies, financing, and guarantees that are available for all entities looking to enter the market," he adds during the event in Abu Dhabi.

More than 1,000 private sector executives and members of the Dubai Chamber had joined the path towards reducing global emissions by half by 2030 and reaching zero emissions by 2050, says Al Mubarak, who is also president of the International Union for Conservation of Nature (IUCN).

ABU DHABI, UAE - The Abu Dhabi Chamber of Commerce and Industry (ADCCI) announced its sponsorship of the Emirates Labor Market Award, organized under the patronage of Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Minister of the Presidential Court. The award aims to recognize the...

Doha, Qatar-- Uzbekistan has called for establishing a joint forum for businessmen in Doha or Tashkent to review investment opportunities in both the countries. The appeal was made by the visiting Minister of Investment, Industry, and Trade, Laziz Kudratov. During his meeting with Qatar Chamber Chairman, Sheikh Khalifa bin Jassim...

DUBAI, UAE -  The private sector and financial institutions in the Middle East should enhance reporting by including information about how they both impact and depend upon nature and natural capital, says a report.    The report titled 'Nurturing Natural Capital: The Middle East Imperative' was released by the World Government...

Doha, Qatar -- Qatar's private sector exports hit QR 9.1 billion ($2.49 billion) in the first quarter of 2023, representing a 17.5 percent growth year-on-year (YoY) compared to QR 7.73 billion in Q1 of 2022.According to Qatar Chamber's quarterly report issued Tuesday, exports through the General Model amounted to QR...

More than 10,500 Emiratis have joined the private sector since the beginning of 2023, bringing the total number of Emiratis employed in the private sector to over 66,000.

New York, United States -  Qatar wants to put the private sector at the centre of its 2030 Agenda for Sustainable Development, the country’s Permanent Representative to the UN Sheikha Alya Ahmed bin Saif Al-Thani said at a UN event on sustainable development on Friday.  Speaking at a panel discussion...

Dr Al Jaber noted that climate finance is essential for each workstream of the Paris Agreement, from mitigation to adaptation, and that these resources are particularly needed in the Global South, which has historically received an insufficient share of available resources.

“This also opens new horizons for Emiratis to effectively contribute to the UAE's economic development,” adds Farida Al Ali, Assistant Undersecretary of National Human Resources Employment at the UAE's Ministry of Human Resources and Emiratisation, referreing to events such as recruitment open days.

DUBAI, UAE -  UAE Ministry of Human Resources and Emiratization (MoHRE) announced that the Unemployment Insurance Scheme has exceeded one million subscribers since its launch in January 2023. The Unemployment Insurance Scheme covers employees in the federal government sector and the private sector, providing low-cost job security net that supports...

Dubai, UAE -- Saudi Arabia's unemployment rate dropped in the fourth quarter of 2022, compared to the previous quarter, mainly due to government activities and private sector hiring, the kingdom's General Authority for Statistics said Thursday. Saudi Press Agency reported that despite the global economic challenges, including those prevailing in...

Cairo, Egypt--The World Bank has approved a new $7 billion partnership agreement with Egypt for 2023-2027 with a focus on boosting private sector jobs, provision of better health and education services, and adaptation to climate change. The Country Partnership Agreement (CPF) will entail $1 billion per year from the International...

“We have a short window of opportunity to deliver a system-wide transformation. But if we make the right investments, we can create a pathway for sustainable growth, where climate and economic progress go hand-in-hand,” adds Al Jaber, who is also the UAE's Minister of Industry and Advanced Technology.

The New Companies Law simplifies the procedures to set up foreign businesses in Saudi Arabia, and removes several restrictions, says James Swallow of PRO Partner Group.

Private sector partners can leverage the scientific work done in public laboratories to develop the technology needed for fusion power plant applications, top US physicist tells TRENDS.

The small and medium enterprises are an important component of the Qatari private sector, as they account for over 90 percent of private sector establishments and are a great source of employment, in addition to their role in promoting innovation and creativity in business activities, he adds.

Riyadh, Saudi Arabia -- Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF), has announced three key initiatives aimed at supporting and enabling the private sector. These initiatives include the Local Content Growth Program, called MUSAHAMA, which seeks to increase the share of local content spend in PIF's domestic...

ABU DHABI, UAE -  The UAE and India share solid relations, said the Abu Dhabi Chamber of Commerce and Industry (ADCCI). M. A Yusuff Ali, Second Vice Chairman of the ADCCI reaffirmed the solid relations between the UAE and India, saying, "The UAE and India share a long history of...

“Large numbers of boys and girls being out of school since the pandemic, failing to resuming their education as quickly as we want is a huge issue for UNICEF. We want them in a journey from learning to earning as soon as possible so that they can have their bright...

DUBAI, UAE - Dubai Customs and Dubai Chambers discussed supporting  businesses and the private sector and enhance the emirate’s competitiveness following Dubai's strategic plans and vision. These were the highlights of the meeting between Ahmed Mahboob Musabih, Director-General of Dubai Customs, CEO of Ports, Customs and Free Zone Corporation and...

SHARJAH, UAE - Sharjah Economic Development Department (SEDD) received a delegation from Matajer - one of the most important commercial shopping groups affiliated with Sharjah Holding Company - established under a partnership between Majid Al Futtaim Properties and Sharjah Asset Management. This comes within SEDD’s interest to strengthen partnerships with...

The International Organization for Migration said in an October report that "prevailing customs and traditions... limit women's activities to their domestic and nurturing role". Adel said such prejudices, as well as practical difficulties, posed a challenge to fulfilling her dream. A graduate of the University of Baghdad who specialised in...

Doha, Qatar-- Qatar and European Union have discussed means to enhance economic and commercial relations in a meeting between Qatar Chamber First Vice-Chairman Mohamed bin Twar Al Kuwari and Thomas Jurgensen, Minister Counselor and the new head of Trade and Economic Affairs Section at the European Union During their meeting...