PIF fifth largest sovereign wealth fund as assets rise to $940.3bn
Riyadh, Saudi Arabia -- Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF) rose to the fifth position among...
Business
Investment Facilitation for Development pact finalized at Abu Dhabi WTO meet
Abu Dhabi, UAE -- Ministers representing 123 World Trade Organisation (WTO) members have finalized the Investment Facilitation for Development (IFD)...
Geostrategy
Geostrategy
EU, GCC begin new era in relations
However, the recent developments show that Europe has shed this energy-supplier image of the Gulf for a more realistic and...
- Kuwait has emerged as a major global humanitarian player and a significant mediator to sort out inter-Gulf differences
- This has contributed to the re-evaluation by European Union leaders of their policies towards the Gulf region
Business
ADQ to buy stake in IHC subsidiary
Abu Dhabi-based firm will acquire Eltizam Asset Management for AED111.6 million.
- IHC has entered into a strategic partnership with ADQ to sell a 50% stake in its subsidiary
- Eltizam offers an integrated suite of strategic management and real estate services
Business
Proof of Covid-19 vaccination, PCR test needed to enter Expo Dubai
Expo 2020 visitors will need a coronavirus vaccination or a negative PCR test to enter, organisers in Dubai has said....
- PCR tests will be free for ticket-holders with a 'network' of testing centres available across the city
- The Expo site will have mandatory masks, two-metre social distancing rules and sanitisation stations
Geostrategy
UAE, Israel eye trillion-dollar business
The UAE marks one year since normalising ties with Israel today as the leaders hope the Abraham Accords could reap...
- The economic benefits have come quickly for the UAE and Israel after the US-brokered Abraham Accords
- Both have signed a series of deals ranging from tourism to aviation and financial services
PIF fifth largest sovereign wealth fund as assets rise to $940.3bn
Riyadh, Saudi Arabia -- Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF) rose to the fifth position among...
Business
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Teachers play key role in shaping future generations
Arts & Culture
Mega projects bet high on diversified future
This TRENDS infographic dives into Saudi Arabia’s ambitious transformation to discover how the Kingdom is reshaping its future with high...
Economy
Partnership deals help UAE and India strengthen ties
"The UAE and India have robust, deep-rooted bilateral relations. The signing of the Comprehensive Strategic Partnership in 2017 and the...
Geostrategy
‘Historic’ EU-Middle East-India trade plan launched
At the G20 Summit in New Delhi, the US, EU, Saudi Arabia, and UAE have launched an ambitious trade initiative...
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Geostrategy
G20 treads lightly on Ukraine war, climate issues
The African Union joined the G20, boosting Africa's voice, while a new initiative aims to connect Europe, the Middle East,...
- The African Union joined the G20, boosting Africa's voice, while a new initiative aims to connect Europe, the Middle East, and India through infrastructure
- G20 nations lacked a unified pledge to end fossil fuels but committed to tripling renewable energy sources by 2030, emphasizing sustainable alternatives
Geostrategy
GCC poised to help MENA in global trade integration
With MENA accounting for just 7.4% of global trade in 2022, GCC's strategic initiatives and resources can pave the way...
- With MENA accounting for just 7.4% of global trade in 2022, GCC's strategic initiatives and resources can pave the way for regional trade integration and global prominence
- Despite challenges like restrictive nontariff measures, red tape, and corruption, GCC-led comprehensive reforms and a global engagement strategy can make MENA a trade hub
Geostrategy
‘Multilateralism only option to tackle global crises’
Stressing that “we are in a race against time” on issues from climate change and biodiversity loss to education and...
- Outgoing UN General Assembly President Csaba Kőrösi emphasizes the importance of international cooperation
- Kőrösi also calls for urgent action on climate change, education, gender equality, and sustainable development