Search Site

BP announces $7bn gas project

The project aims to unlock 3 trillion cu ft of gas resources in Indonesia.

Lulu Retail Q3 profit $35m

For the nine-month period, net profit increased by 73.3%.

Talabat IPO offer price range announced

The subscription will close on 27 Nov for UAE retail investors.

Salik 9M net profit $223m

The company's third-quarter profit increased by 8.8 percent.

Avia to buy 40 Boeing aircraft

The transaction for the purchase of 737 MAX 8 jets valued at $4.9bn.

An effective governance, risk and compliance system need of the hour, says UAE’s cybersecurity head

There is a close link between cybersecurity and GRC and innovation plays a key role in governance systems. Organizations must...
  • There is a need to establish an effective governance, risk, and compliance system as a fundamental requirement for a strong cybersecurity strategy, says a UAE official
  • Organizations must first establish a GRC system in order to achieve cybersecurity objectives and create a secure working environment, adds Mohammed Hamad Al-Kuwaiti

Year of Sustainability a springboard for global climate action, says Sheikha Shamma of UICCA

Containing the fallout of climate change, addressing related damage and losses, and meeting the relevant needs of developing countries are...
  • Containing the fallout of climate change, addressing related damage and losses, and meeting the relevant needs of developing countries are key challenges, says Sheikha Shamma
  • The UAE’s leadership is prioritising the issue of climate change and has taken proactive steps to accelerate the pace of its climate action efforts, she adds

‘Women are equal participants in UAE’s development’

The leadership’s vision to empower women has ensured that women are equal participants and major contributors to the UAE’s sustainable...
  • The UAE is being ranked first in the Arab world and 11th globally on the Gender Inequality Index of the United Nations Development Programme’s Human Development Report 2022
  • The country has jumped 38 positions on the Gender Inequality Index since the establishment of the UAE Gender Balance Council seven years ago

We help investors, give them additional tools: QCSD

The first thing QCSD worked on was the movable funds register aimed at helping small and medium-sized enterprises to benefit...
  • The Qatar Central Securities Depository (QCSD) is working on the application of lending and borrowing to help investors in Qatar and give them additional options and tools
  • The first thing QCSD worked on was the movable funds register aimed at helping small and medium-sized enterprises to benefit from the tools, says its CEO Sheikh Saif Al-Thani

UAE committed to promote sustainability in all sectors

“The UAE will strive to make COP28 one of solidarity and action. It will listen, engage, and build partnerships with...
  • The declaration of 2023 as the ‘Year of Sustainability’ reflects the UAE’s commitment to promote sustainability in all sectors, says says Special Envoy for Climate Change
  • The move will pave the way for the country's efforts to accelerate global climate action ahead of COP28, adds Dr Sultan bin Ahmed Al Jaber

Southeast Asia may re-take leading growth position

Advanced economies are expected to slow down further this year, while ASEAN-6 economies are more resilient to the current macro...
  • Pre-pandemic, Southeast Asia was one of the most dynamic economic regions in the world, prompting opportunity and growth at a significant scale for decades, says a QNB report
  • Advanced economies may slow down further this year, while ASEAN-6 economies are more resilient to the current macro scenario and should present robust, mid-single digit growth

Carbon pricing standards key to boost green energy

Public resistance to a carbon tax has prevented many nations from establishing carbon pricing via taxation, but taxation is not...
  • In order to reach 2050 emissions reduction targets, trillions of dollars in public and private capital are needed to adopt and scale green energy technologies
  • Carbon trading, regulation and different pricing schemes are alternative strategies that countries have used to impose costs for emissions, believe experts

Sharjah astronomy academy receives first signal from CubeSat

Sharjah, UAE - The Sharjah Academy for Astronomy, Space Sciences and Technology (SAASST) of the University of Sharjah (UoS), has...
  • The project engineers at SAASST were prepared to receive the first communication signal from the CubeSat after it reached its orbit around Earth.
  • The signal demonstrates the state of the satellite and its readiness to perform its mission after a successful deployment from the main spacecraft.

Energy poverty has been accelerating due to war in Ukraine, says Qatar’s foreign minister at WEF 2023

"It is unfair that many developing countries are demanded not to develop their special resources and to be independent in...
  • It is unfair that many developing countries are demanded not to develop their special resources and to be independent in the field of energy, says Qatar's foreign minister
  • People in the Middle East have been suffering for decades from all violations of the UN Charter, including Palestinian cause and Israeli occupation as well as Syrian issue, he adds

Countries which transform food system can meet net-zero goals, says WEF report

DAVOS, SWITZERLAND – A  report launched Monday at the World Economic Forum Annual Meeting 2023 shows how countries can accelerate...
  • Food systems, when transformed, can help solve some of the world’s toughest problems, from climate change to resilient livelihoods.
  • The report identifies models for businesses and policy-makers and a roadmap of priorities for countries to improve productivity and sustainability.

‘Multilateral approach needed to address Gaza crisis’

The 'Amalthea' initiative, recently announced by Cyprus, is crucial for the efforts to launch the maritime corridor and the UAE...

Company News

Latest News

Collaboration crucial for renewable energy transition

"World peace and security, along with social, economic, and political stability, hinge on two pivotal factors: addressing climate issues and...

Israel-Hamas conflict intensifies as Hizbollah joins in

World calls for restraint as Palestinian death toll reaches 370 and Israeli casualties cross 600, prompting Netanyahu to warn of...

Hundreds killed in deadliest Palestine-Israel conflict

World calls for restraint as Palestinian death toll reaches 232 and Israeli casualties cross 200, prompting a vow of retaliation...

Most Read

Digital quality adds shine to life in Arab countries

The UAE leads the Arab world in digital quality of life, with its advanced digital infrastructure and commitment to tech...
  • The UAE leads the Arab world in digital quality of life, with its advanced digital infrastructure and commitment to tech advancements. Saudi Arabia secures second position.
  • Qatar, Bahrain, Oman, and Kuwait rank among the top five in digital prowess, emphasizing that digitalization enhances citizens' quality of life in the Gulf region.

At $75bn, Saudi defense budget beats several European countries in 2022

Last year, Saudi Arabia led the Middle East in military investments, ranking fifth globally with a defense budget of $75...
  • Qatar's military expenditure reaches $15.4 billion, ranking close to the Netherlands
  • The United States remains the global leader with $877 billion in military spending

Foreign direct investment crucial for economic growth

At this year's technology summit in the United States, which spotlights economic diversification through the strategic use of energy-generated wealth,...
  • Qatar's Ahmad bin Mohammed Al Sayed underscores the pivotal role of foreign direct investment in economic diversification and job creation
  • The summit gathers global leaders to address key challenges in economic diversification and the impact of technology on rural populations