Dubai approves rise in energy, water efficiency programs
DUBAI, UAE – Chairman of the Dubai Supreme Council of Energy Sheikh Ahmed bin Saeed Al Maktoum chaired the 81st...
Geostrategy
‘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...
Geostrategy
Economy
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
YEARBOOK 2023
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
World Economic Forum
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
Science
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.
World Economic Forum
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
Economy
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.
Economy
Innovation plays key role in tackling climate change
“The COP28 UAE is focused on delivering concrete and pragmatic solutions to ensure 1.5°C remains alive and within reach. This...
- The UAE supports the renewables-centered energy transition pathway and considers it an important contributing element to the proceedings of the COP28, says Almheiri
- The COP28 UAE Presidency will further prioritize the needs of the world’s most vulnerable communities to advance loss and damage funding arrangements, the minister adds
Business
Sharjah Chamber continues boosting the Emirate’s competitiveness
SHARJAH, UAE - Sharjah Chamber of Commerce and Industry (SCCI) in 2022 continued its role in creating investment environment and...
- Sharjah Chamber bolstered its competitiveness by protecting the interests of businessmen and supporting its members in the private sector.
- The Chamber contributed to the growth of the local economy across all sectors, promoting export and re-export activities of its members
Business
Ahmed Galal Ismail replaces Alain Bejjani as Majid Al Futtaim CEO
The reasons behind the change of guard were not immediately clear as Ismail takes charge as chief executive officer of...
- Ismail had previously served as CEO of Majid Al Futtaim - Ventures and VP Strategy of Majid Al Futtaim Holding
- Majid Al Futtaim reported revenue of AED 18 billion for the first half of 2022, an increase of 15 percent during the same period in 2021
UAE provides ‘conducive environment for cooperation’ between fossil fuel providers and climate activists
"The [energy] landscape in 2023 will have much of the same volatility we've seen in 2022. The difference is the...
- The UAE is not only one of the world's most important fossil fuel producers, but also one of the most important pioneers in renewables through Masdar, says Atlantic Council chief
- "The fossil fuel producers know they've got to deal with climate. They're putting billions of dollars into doing it, and climate activists are becoming more pragmatic," he adds
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Dubai approves rise in energy, water efficiency programs
DUBAI, UAE – Chairman of the Dubai Supreme Council of Energy Sheikh Ahmed bin Saeed Al Maktoum chaired the 81st...
Geostrategy
Company News
Latest News
Al Seer Marine receives new very large gas carrier, fleet size rises to 20
ABU DHABI, UAE - Al Seer Marine, a subsidiary of Abu Dhabi-based International Holding Company, has announced the takeover of...
Business
Non-oil revenue boost shows GCC’s financial wisdom
The GCC nations exemplify financial prudence. Their continuous efforts to boost non-oil revenues, reform tax policies, and modernize and digitize...
Business
Gaza becomes a dangerous ground for journalists
Amidst the escalating Israel-Hamas conflict, an alarming number of journalists have been killed, injured, or missing, underscoring the importance of...
Geostrategy
Most Read
Geostrategy
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...
- World calls for restraint as Palestinian death toll reaches 370 and Israeli casualties cross 600, prompting Netanyahu to warn of a "long and difficult" battle against Hamas.
- Lebanon's Hizbollah attacks from the north, supporting Hamas, while Israel strikes 426 Hamas locations, including tunnels and infrastructure, intensifying the conflict
Geostrategy
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...
- World calls for restraint as Palestinian death toll reaches 232 and Israeli casualties cross 200, prompting a vow of retaliation from Israeli Prime Minister Benjamin Netanyahu
- The UNSC plans an emergency session as Biden backs Israel, while Israel's "Swords of Iron" operation persists and Hamas launches a comprehensive attack, evading Iron Dome
Geostrategy
GCC FTA, tech MoU enhance Pakistan-Saudi relations
In landmark developments, Saudi Arabia and Pakistan have taken significant strides to enhance their bilateral relations, especially in the economic...
- In landmark developments, Saudi Arabia and Pakistan have taken significant strides to enhance their bilateral relations, especially in the economic and technological arenas.
- The GCC and Pakistan signed a historic Free Trade Agreement and MoU, deepening bilateral relations between the two nations from trade to digital transformation and defense