UAE replaces Bahrain as most happiest Arab country

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. 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 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

Good vegetable crops boost Qatar’s food security

• 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

• 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

Abu Dhabi Securities Exchange appoints Emirates NBD Capital as custodian

• 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.

Ramadan contributes to revitalizing economic growth

• 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

Unity key for ‘transformational progress’ at COP28

• 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

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 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

• 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"