Asia-Pacific markets mixed, dollar down Monday as Fed readies to acknowledge cuts
Asia-Pacific markets were mixed on Monday after a week that saw a broad rally in stocks, as investors awaited a...
Economy
Forty-day ceasefire offered to Hamas: UK foreign secretary
US Secretary of State Antony Blinken renewed US opposition to an Israeli offensive on Gaza's southernmost city of Rafah. "We...
Geostrategy
Saudi Arabia, India boost alliance with multiple MoUs
India and Saudi Arabia held their first Strategic Partnership Council meeting, emphasizing the strengthening of defense and security partnerships between...
- India and Saudi Arabia held their first Strategic Partnership Council meeting, emphasizing the strengthening of defense and security partnerships
- Talks between the two countries are expected to provide new direction to India-Saudi relationship on a broader regional and global scale.
Economy
Mega projects bet high on diversified future
This TRENDS infographic dives into Saudi Arabia’s ambitious transformation to discover how the Kingdom is reshaping its future with high...
- Saudi Arabia has allocated $250 billion in construction contracts since 2016 as part of its Vision 2030 strategy to diversify economy, attracting tourists and investments
- In 2022, Saudi Arabia emerged as the fastest-growing G20 economy, fueled by a massive $1.25 trillion investment in real estate and infrastructure projects
Geostrategy
Partnership deals help UAE and India strengthen ties
"The UAE and India have robust, deep-rooted bilateral relations. The signing of the Comprehensive Strategic Partnership in 2017 and the...
- Ahmed Ali Al Sayegh, UAE's Minister of State, highlights the country's commitment to multilateral cooperation at the G20 Summit.
- The UAE's participation in the G20 Summit aligns with its role as host for the upcoming COP28 climate conference, adds the minister
‘Historic’ EU-Middle East-India trade plan launched
At the G20 Summit in New Delhi, the US, EU, Saudi Arabia, and UAE have launched an ambitious trade initiative...
- At the G20 Summit in New Delhi, the US, EU, Saudi Arabia, and UAE have launched an ambitious trade initiative to connect railways, ports, and energy networks globally
- The initiative could bypass the Suez Canal to accelerate India-Europe trade and has broader geopolitical implications, including fostering relations between Israel and Saudi Arabia
Geostrategy
Deadliest quake in decades kills over 2,000 in Morocco; rescue bid is on
Following the devastating earthquake in Morocco on Saturday that killed more than 2,000 people so far, the UAE, Iran, Iraq,...
- Tremors felt in major cities including Marrakesh, Rabat, and Casablanca.
- Remote mountain villages severely affected, many victims feared trapped.
Geostrategy
G20 treads lightly on Ukraine war, climate issues
The African Union joined the G20, boosting Africa's voice, while a new initiative aims to connect Europe, the Middle East,...
- The African Union joined the G20, boosting Africa's voice, while a new initiative aims to connect Europe, the Middle East, and India through infrastructure
- G20 nations lacked a unified pledge to end fossil fuels but committed to tripling renewable energy sources by 2030, emphasizing sustainable alternatives
Geostrategy
GCC poised to help MENA in global trade integration
With MENA accounting for just 7.4% of global trade in 2022, GCC's strategic initiatives and resources can pave the way...
- With MENA accounting for just 7.4% of global trade in 2022, GCC's strategic initiatives and resources can pave the way for regional trade integration and global prominence
- Despite challenges like restrictive nontariff measures, red tape, and corruption, GCC-led comprehensive reforms and a global engagement strategy can make MENA a trade hub
Geostrategy
‘Multilateralism only option to tackle global crises’
Stressing that “we are in a race against time” on issues from climate change and biodiversity loss to education and...
- Outgoing UN General Assembly President Csaba Kőrösi emphasizes the importance of international cooperation
- Kőrösi also calls for urgent action on climate change, education, gender equality, and sustainable development
Videos
A glimpse into GCC’s financial evolution
As the winds of change blow, three major forces—regulation, consolidation, and digitization—are shaping the trajectory. These elements intertwine, creating a...
- Driven by regulation, consolidation, and digitization, the region's financial services sector is undergoing a pivotal transformation
- Dive into the TRENDS Explainer video to understand and navigate the evolving landscape of the banking sector across the region
Geostrategy
UAE evacuates 34 Emiratis from Florida ahead of approaching Hurricane Idalia
ABU DHABI -- The United Arab Emirates Embassy in Washington, in coordination with representatives of the UAE's officials mission in...
- Evacuation is being coordinated by the UAE Embassy in Washington with UAE's official mission in the US
- The UAE Embassy advises Emiratis to heed local authority instructions and avoid hurricane-affected areas
Asia-Pacific markets mixed, dollar down Monday as Fed readies to acknowledge cuts
Asia-Pacific markets were mixed on Monday after a week that saw a broad rally in stocks, as investors awaited a...
Economy
Company News
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BGN to get $100m in financing
Business
WEF24: Catalyzing investment, trade transform Africa
Addressing infrastructure and climate change is crucial for Africa's development, British Robinson, the Coordinator of the Prosper Africa Initiative, tell...
Interview
WEF24: Innovation and diversification drive UAE growth
The UAE's proactive approach is helping it in shaping a dynamic and prosperous future, says UAE's Economy Minister Abdullah bin...
Videos
AI-Operated robots assist visitors to the Grand Mosque in Makkah
Makkah, Saudi Arabia -- The Presidency of Religious Affairs at the Grand Mosque and the Prophet's Mosque has deployed AI-operated...
Arts & Culture
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Economy
GCC economies eye $2.5trn from better productivity
The region pins hope on the new Productivity Potential Index that offers a forward-looking framework, incorporating environmental, health, and innovation...
- The region pins hope on the new Productivity Potential Index that offers a forward-looking framework, incorporating environmental, health, and innovation factors.
- The PPI enhances output by identifying and improving weak areas, addressing 21st-century challenges like climate change, biodiversity loss, and social change.
Geostrategy
Displacement, health crisis in Sudan is alarming, says WHO
GENEVA, SWITZERLAND – Acting WHO Representative in Sudan Peter Graaff has said that the humanitarian and health crisis in the...
- Sudan is now facing the largest displacement crisis globally, with a staggering 8 million people displaced.
- The majority of those affected, including women and children, are compelled to embark on days-long journeys to escape violence.
Business
BGN to get $100m in financing
Abu Dhabi Exports Office, Mashreq and ADCB to provide financing.
- The strategic collaboration sets the stage for a financing arrangement, offering up to $100 million to facilitate the export of energy commodities from the UAE.
- The financing arrangement, a revolving credit line, is embedded with an accordion feature whereby regional banks and their overseas affiliates can contribute additional funding.