Feeding fit: Saudi Arabia redefines the poultry sector
In February 2024, Saudi Arabia's poultry industry reached a milestone by producing 100 million kilograms of poultry, thereby setting new...
Business
Middle East leads way in global methane mitigation
The Middle East is emerging as an important region in the battle against methane emissions, crucial for curbing global warming....
Economy
Business
DP World’s overseas logistics investments cross $10bn
Despite global economic slowdown, the firm continues to expand its partnerships and investments, with key focus on Africa and UK....
- Despite global economic slowdown, the firm continues to expand its partnerships and investments, with key focus on Africa and UK. Last year, its investments totalled $320m
- DP World ranks fifth in the world by total value of direct investments allocated to the overseas logistics services sector, while Amazon and AP Moller Maersk lead the pack
Banks face reduced profits as CBDCs gain traction
The emergence of interoperable central bank digital currencies may lower costs and reduce settlement risks, but may hit bank revenues...
- The emergence of interoperable central bank digital currencies may lower costs and reduce settlement risks, but may hit bank revenues from cross-border transactions, warns Moody's
- Although CBDCs promise faster, cheaper, and safer services, they could diminish banks' roles in the new economic landscape, affecting revenues from cross-border payments, it adds
Economy
Good vegetable crops boost Qatar’s food security
"To support productive Qatari farms in marketing their products directly and to ensure that consumers obtain their needs for fresh...
- Vegetable production in the Gulf country increased by 76 percent from 2017 to 2022, according to the Food Security Department Director Dr Masoud Jarallah Al Marri
- Qatar's Ministry of Municipality is preparing a strategic plan for ensuring food security in the agricultural sector until 2030 and implementing digital transformation projects.
Robust customer protection makes UAE market stable
"Despite the challenges faced by the global supply chains due to today’s political and economic developments, the Ministry made sure...
- The UAE's Ministry of Economy collaborates with government partners and stakeholders to develop consumer protection policies and ensure market stability, says an official
- The Ministry conducts inspections to monitor compliance with decisions issued regarding prices and quality products, and to prevent fraud and trademark infringements, he adds
Business
Abu Dhabi Securities Exchange appoints Emirates NBD Capital as custodian
ABU DHABI, UAE - Abu Dhabi Securities Exchange (ADX) has appointed Emirates NBD Capital as a custodian.Emirates NBD Capital obtained...
- Emirates NBD Capital obtained its custody licence from the UAE Securities and Commodities Authority.
- The firm provides safe and secure solutions for investors to hold securities, such as stocks, bonds or other assets.
Economy
Ramadan contributes to revitalizing economic growth
Consumer behavior is affected by cultural factors, customs, marketing campaigns, advertising, and competitions of merchants and suppliers, which can lead...
- Ramadan contributes to revitalizing economic growth, as many investment and industrial firms make huge profits from the increased demand, says a Qatar University's professor
- Consumer behavior is hit by cultural factors, customs, marketing campaigns, ad, and competitions of merchants and suppliers, which can imbalance supply and demand, he adds
Economy
Unity key for ‘transformational progress’ at COP28
“We have a short window of opportunity to deliver a system-wide transformation. But if we make the right investments, we...
- There is a need for accelerated pathways to net zero and critical finance across all pillars, says COP28 President-Designate Dr Sultan bin Ahmed Al Jaber
- He also reminds climate ministers of various countries about the approaching Global Stocktake at COP28 and calls for action to keep 1.5C within reach
Science
UAE’s Rashid Rover completes lunar orbit insertion
The first Emirati rover to land on the moon is now on its way to completing the third milestone, the...
- The first Emirati rover to land on the moon is now on its way to completing the third milestone, the Arrival Phase, which will be the most intense part of the mission
- The ambitious mission aims to study the surface of the moon and is funded by the ICT Fund of the Telecommunications and Digital Government Regulatory Authority
Equestrianism is an integral part of UAE’s heritage
She was speaking at the Dubai International Equestrian Conference, organized under the theme "A touch of loyalty and gratitude .....
- Horse racing is not just sports that is encouraged and celebrated, but an authentic component of the heritage of the UAE and the Arab region, says minister
- This year's conference was being held under the theme "A touch of loyalty and gratitude .. Sheikh Hamdan bin Rashid: 50 years of giving to equestrianism"
Economy
Sustainable industries key driver of RAK economy
“Ras Al Khaimah has adopted a clear long-term strategy based on establishing a balanced multi-resource economy,” he adds during a...
- Ras Al Khaimah's economic flexibility has enabled it to adopt sustainable plans that will enhance its competitiveness, says its ruler Sheikh Saud bin Saqr Al Qasimi
- He emphasizes the importance of promoting the culture of sustainability in all sectors, calls sustainable industrial sector a crucial driver of the national economy
Feeding fit: Saudi Arabia redefines the poultry sector
In February 2024, Saudi Arabia's poultry industry reached a milestone by producing 100 million kilograms of poultry, thereby setting new...
Business
Company News
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Water stress levels vary in Arab countries
Some countries face more intense competition for water resources, leading to potentially severe environmental impacts. The contrast underscores the diverse...
Infographics
China announces 25 measures to aid private businesses
Beijing, China - China's central bank and several government agencies unveiled 25 new measures Monday to support private economy.These initiatives...
Business
It’s official: Saudi Arabia will host World Expo 2030
The Kingdom's selection as the host for World Expo 2030 marks a pivotal moment in its journey towards innovation, openness,...
Geostrategy
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Geostrategy
Gaza truce: Hamas, Israel free second group of civilians
The move, part of a broader truce agreement mediated by Qatar and Egypt, saw emotional reunions as families welcomed their...
- The move, part of a broader truce agreement mediated by Qatar and Egypt, saw emotional reunions as families welcomed their loved ones back.
- The situation remains tense, with discussions about extending the truce and the potential resumption of conflict by Israeli forces.
Business
Does Anghami and OSN+ collab make financial sense?
A first of its kind in the region, the combination will offer consumers digital services of the best and latest...
- The OSN Group will invest in Anghami at a valuation of $3.65 per share, 3.9x the stock's average price for the past month.
- The combined entity will bring together over 120 million registered users and will be one of MENA’a largest streaming platforms.
Infographics
Is Israel’s ongoing assault on Gaza a genocide or not?
Some world leaders like Ramaphosa and Erdogan use the term genocide to describe Israeli actions in Gaza. Israel has also...
- South African President Cyril Ramaphosa, who currently chairs the BRICS group, strongly calls for an immediate ceasefire, describing the situation in Gaza as 'a genocide.'
- Pronouncements of several Israeli politicians, who openly called for extermination of Palestinians, have added to the fears of a genocide in Gaza.