This is a temporary backup site for TRENDS MENA while our primary website is being restored following a regional disruption affecting Amazon Web Services cloud infrastructure in the GCC.

Search Site

AD Ports Group 2024 net profit $484m

The Group's revenue increased 48 percent year-on-year.

TAQA net income $1.93bn in 2024

The company's revenues increased 6.7 percent year-on-year.

ADNOC L&S 2024 net profit $756m

The company's revenue increased by 29 percent to $3.54 billion.

ADNOC Distribution 2024 net profit down 7%

Minus UAE corporate tax, it would have grown by 2.4% to $725m

Maaden raises $1.25bn in sukuk offering

The Sukuk were offered in a five-year and a 10-year tranche.

UAE witnesses 7% rise in youth green skills in 2023

  • The World Bank's Green Initiative dedicates 45% of its annual financing to climate-related projects, with a strong emphasis on developing green skills.
  • The apex global bank has a focused plan to create 135,000 jobs globally in the green transition sector, says Safaa El Tayeb El-Kogali of the World Bank.

DUBAI – There was a 7 percent increase in green skills among the youth in the United Arab Emirates from 2022 to 2023, said Safaa El Tayeb El-Kogali, the World Bank’s Country Director for GCC countries. “Green skills,” as defined by UNIDO, encompass the knowledge, abilities, values, and attitudes necessary for fostering a sustainable and resource-efficient society.

The UAE is dedicated to nurturing green skills across various youth domains, specifically emphasizing the safeguarding of the natural environment. This approach aims to inspire their involvement in the green economy, ultimately contributing to the creation of a more sustainable global society.

Speaking on the sidelines of COP28, El-Kogali said that green skills are one of the most important aspects of the global agenda for the green transition. She pointed out that the World Bank announced during COP28 that it devoted 45 percent of its annual financing to climate-related projects, which includes aspects of green skills.

El-Kogali continued, “We will work to create about 135,000 jobs in the field of green transition worldwide, and therefore ensuring that there are sufficient skills and a sustainable supply of skills among youth to fill those jobs will be very vital.”

She said, “We are doing a lot of training on environmental and social management, and we are working with governments and communities to ensure the implementation and adoption of many of these practices.”

El-Kogali added, “I believe that it is important to have sufficient information for people to know where the jobs are. Therefore, the challenge is to create information management systems in countries so that young people can access information about job locations. It is also important to establish partnerships with universities and institutions that actually provide these skills.” She explained that it is essential to hold companies accountable, not only for providing green jobs, but also for retraining their employees to find opportunities in the field of training. “This ensures that these skills are available and growing as the economy moves toward a green transition,” she said. (WAM)