Bapco Energies declares force majeure on operations
Manama, Bahrain --- Bapco Energies BSC (Closed), Bahrain’s integrated energy company, announced force majeure on its group operations on Monday.The...
Geostrategy
Renowned designer Cucinelli stresses sustainability at Saudi event
Riyadh, Saudi Arabia -- Renowned luxury fashion designer Brunello Cucinelli shared his insights on building a global brand and the...
Business
Geostrategy
‘Building strong professional army is the UAE’s goal’
Armed with science and knowledge, the heroes of this army, make the ultimate sacrifice for their homeland and are always...
- Since the foundation of the Union, the UAE’s leadership has been working tirelessly to ensure security, stability, development and peace, says an official
- The UAE has invested heavily in hosting military exhibitions and conferences, most prominent of which are the IDEX and NAVDEX, he adds
Geostrategy
Quality finance crucial to deal with climate change
"We cannot neglect any element of the climate crisis, including its clear implications for international peace and security,” he adds....
- Majid Al Suwaidi, Director-General and Special Representative of COP28, calls for catalyzing greater and higher quality climate finance for fragile and vulnerable communities
- The UAE will host COP28 in Dubai from 30th November to December 12, which will include the first Global Stocktake to assess progress toward implementation of the Paris Agreement
Geostrategy
New mechanisms to boost international cooperation in a multipower world, says WEF President Klaus Schwab
Regarding structural transformations to be witnessed in various vital economic sectors, Schwab says there will be about 10 billion people...
- There is an urgency to develop new mechanisms that strengthen international cooperation in today’s multipower world, says WEF chief Klaus Schwab
- Technological transformation and the Fourth Industrial Revolution will impact the world for years to come, adds Schwab while speaking at WGS 23
Economy
Private sector has potential to support govts, global organisations, says UNICEF Director
“Large numbers of boys and girls being out of school since the pandemic, failing to resuming their education as quickly...
- The world needs massive attention across the public and private sector to efficiently address the successive crises besetting the globe, says a key UN official
- Private sector must bring its core assets to the table to support the governments and international organizations, adds UNICEF Director Carla Haddad Mardini
Geostrategy
UAE played key role in stabilizing Egypt: El Sisi
In 2013, Sheikh Mohamed bin Zayed ordered the transfer of ships carrying vital petroleum commodities via Mediterranean to Egypt to...
- In 2013, Sheikh Mohamed bin Zayed ordered the transfer of ships carrying vital petroleum commodities via Mediterranean to Egypt to help it overcome the crisis, says El Sisi
- The Egyptian President, while speaking at the WGS 2023, urges Arab states to stand against any interference that aims to disrupt the strong relations in the region
Economy
Dubai’s Urban Plan 2040 ‘a pathway to wellbeing’
The plan envisages that 55 percent of Dubai's population to live within 800 meters or less from public transport stations....
- Dubai 2040 aims to provide sustainable and flexible mobility options to ease the mobility of people, says said Mattar Al Tayer
- The plan envisages that 55 percent of Dubai's population to live within 800 meters or less from public transport stations, he adds
Arts & Culture
AI, learning models can’t replace human creativity
“AI, Web3 and NFTs have opened new markets. We must embrace and seize the opportunity. As artists, it provides us...
- The rise of Web3 and NFT photography, along with AI and deep learning models, are transforming the landscape of photography and the creative industry at large, says an expert
- As artists, it provides us with new avenues for monetising our work and reaching new audiences. It's crucial that we address the security concerns, adds another expert at Xposure
Economy
Realty growth in Saudi Arabia, UAE to build on strong private sector and robust spending via govt initiatives
While 2022 saw record levels of demand for commercial office space as a result of ‘Programme HQ’, 2023 looks set...
- Pent-up demand from travelers and increased spending by residents led the post-pandemic recovery of the real estate sector in Dubai
- The post-COVID recovery of the Saudi real estate sector is led by increasing tourist demand and government spending on infrastructure projects
Economy
Saudi ministry signs MoU with Standard Chartered to boost mining investment
Riyadh, Saudi Arabia – The Saudi Arabia’s Ministry of Industry and Mineral Resources (MIM) and Standard Chartered Bank (SCB) have...
- The MoU will assess the requirements for sustainable investment in the mining sector in Saudi Arabia as per the objectives of Vision 2030
- The deal also aims at promoting knowledge transfer, tech enablement, job creation and implementation of Future Minerals Forum outcomes
Business
A nation or business can’t leave talent off the field
“If you leave people off the field, you have a blind spot – as a country, as a business, in...
- If you are not inclusive as a country, all you are doing is punishing yourself because you are leaving your talent off the field, says Steven Bartlett, a British entrepreneur
- "It is a competitive advantage to be inclusive in the boardroom when key decisions are made because if you are not, you are only hurting yourself," Bartlett adds
Bapco Energies declares force majeure on operations
Manama, Bahrain --- Bapco Energies BSC (Closed), Bahrain’s integrated energy company, announced force majeure on its group operations on Monday.The...
Geostrategy
Company News
Latest News
UNSC approves aid resolution as Gaza crisis mounts
As fighting between Israel and Hamas intensifies, the UN Security Council has passed a resolution to enhance aid to Gaza,...
Geostrategy
UNCTAD eWeek focuses on AI risks, e-commerce growth in developing countries
At UNCTAD eWeek 2023, experts stress the importance of aligning AI development with Sustainable Development Goals to mitigate risks and...
UAE leads humanitarian efforts in Gaza, seeks truce
"The Gulf country will continue its efforts to achieve peace through tangible steps and a roadmap for a two-state solution....
Geostrategy
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YEARENDER
GCC soars in global space race with key advancements
Saudi Arabia's new Saudi Space Agency and first ISS mission, coupled with UAE's Hope Probe and lunar projects, underscore their...
- Saudi Arabia's new Saudi Space Agency and first ISS mission, coupled with UAE's Hope Probe and lunar projects, underscore their rising status in global space sector.
- Bahrain's development of its first satellite and Kuwait's CubeSat initiative underscore the Gulf region's commitment to space technology and research.
Economy
Palestine sees 3.7% economic shrink amid conflict
The World Bank reports a severe economic downturn in Palestinian economy due to Israel-Hamas conflict, with Gaza's economic contribution falling...
- The World Bank reports a severe economic downturn in Palestinian economy due to Israel-Hamas conflict, with Gaza's economic contribution falling from 36% to 17% since 2005.
- Despite the conflict in Gaza causing job losses, infrastructure damage, and rising poverty, the Palestinian banking sector has shown resilience amidst the ongoing crisis, it adds.
COP28 UAE
World unites at COP28 to shift away from fossil fuels
Nearly 200 nations in Dubai have collectively endorsed an agreement to move away from fossil fuels, marking a significant step...
- Nearly 200 countries in Dubai have collectively endorsed an agreement to move away from fossil fuels, marking a significant step in addressing climate change.
- EU climate chief Wopke Hoekstra lauds the historic deal targeting a 43% reduction in emissions by 2030 as a significant breakthrough after decades of discussions.