The GCC faces a critical challenge as climate risks like extreme heat and water stress rise, potentially impacting the region's economic stability and financial health.

Antoine Samaha of BCG applauds the launch of a Loss and Damage Fund for developing countries, emphasizing the need for efficient, equitable climate funding.

With a focus on economic diversification and technological advancements, the region is setting a precedent for strategic growth and innovation in the post-pandemic era.

Dubai's transformation from a humble fishing village to a global tourist powerhouse is nothing short of remarkable. Just decades ago, it was a budding coastal town with limited allure. However, the discovery of oil in the 1960s ignited a metamorphosis, with the government astutely channeling wealth into infrastructure, iconic landmarks,...

According to the credit rating agency, a combination of higher interest rates and production cuts by the OPEC is expected to restrain near-term growth prospects for major GCC economies. However, non-oil growth is anticipated to bolster the region's economies, particularly in Saudi Arabia and the UAE.

"Humanitarian work knows no geographical or political boundaries; it does not recognize distinctions between cultures, nationalities, religions, and sects; and it does not see differences in color and race," adds the ambassador Sheikha Hessa bint Khalifa bin Ahmed Al-Thani.

DUBAI -- DP World expects to add approximately 3 million Twenty-Foot Equivalent Units (TEUs) of new container handling capacity by the end of the year, adding much needed infrastructure and capacity to boost global supply chain resilience. The global trade enabler currently manages approximately 9 percent of the world’s handling...

Doha, Qatar--Qatar National Bank (QNB) Group foresees a recession in the US economy during the upcoming 12 months, pointing out that the US economy continues to demonstrate its resilience despite significant headwinds from high inflation, tighter financial conditions, and an uncertain global environment. In its weekly commentary, QNB added that...

MANILA, PHILIPPINES - Asian Development Bank's financing partners committed US$11.4 billion to confinance projects in 2022 that boosted the resilience of developing member countries in Asia and the Pacific, said a Partnership report. The Partnership Report 2022: Driving Growth, Boosting Resilience showcases how ADB and its partners are helping developing...

GCC banks, which are recognized for their sophistication and maturity, have minimal exposure to the ongoing global crisis due to proactive administrations and robust regulations across the region, they add.

The UAE will host three high-level Council meetings in June, aiming to promote interfaith dialogue, address climate change impacts on worldwide conflicts.

Popular car customizations include color changes, custom rims and tires, body kit installations, modified exhaust systems for a more aggressive sound, and upgraded interiors with custom upholstery and audio systems.

There is a need to address workplace gender equality issues and empower women in leadership roles and men play a vital role in achieving gender parity, adds Leila, an advocate for gender diversity and inclusivity.

Egypt and International Monetary Fund have reached a staff-level agreement on the economic policies to be supported by a 46-month arrangement under the Extended Fund Facility, IMF Mission Chief for Egypt Ivanna Vladkova Hollar said.

The Emirates Nuclear Energy Corporation (ENEC) hosted the first edition of the CyberEnergy Leadership Forum (CELF) in Abu Dhabi. Over 117 experts from government, semi-government and private sector gathered to discuss best practices to enhance the cyber resilience of the energy sector in the UAE and globally.

UAE has risen to the top spot on Bloomberg's Covid Resilience Ranking, dethroning Europe that has been dominating the top rungs of the Ranking for months. Bloomberg said the UAE has been one of the most consistent performers since the Ranking’s inception a year ago. Daily cases in the country...