Record number of patent applications filed globally in 2022, says WIPO
GENEVA, SWITZERLAND - Global patenting activity soared to new records in 2022, fueled by Indian and Chinese innovators, but an...
Business
AI to contribute in enhancing low-emissions development
BONN, GERMANY - Artificial intelligence (AI) can make substantial contributions to climate-resilient and low-emissions development. UN Climate Change’s Initiative on...
Science
Geostrategy
Lebanon judges to visit Paris over central bank chief probe
A Lebanese judicial delegation will meet French authorities in Paris next week to discuss investigations into Lebanon's central bank governor...
- Central bank governor Riad Salameh is among the top Lebanese officials widely blamed for the country's unprecedented financial crisis.
- He is the target of a series of judicial investigations in Lebanon, Switzerland and France on suspicion of fraud, money laundering.
Business
Saudi Arabia’s real estate Price Index increased by 0.9 percent in Q4 2021
The General Authority for Statistics (GASTAT) released today through its official website a report on Real Estate Price Index in...
- Residential land prices were responsible for the rise in real estate prices in Q4 of 2020.
- The Real Estate Price Index is a statistical tool for measuring the relative change in real estate prices in the kingdom.
Business
Dubai Crown Prince forms committee to oversee Hatta development
Dubai Crown Prince and Chairman of The Executive Council of Dubai Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum has...
- The Committee is tasked with attracting investments in Hatta by creating investment opportunities for the public and private sectors.
- The Committee will also be responsible for approving Hatta’s promotional and marketing plan locally and internationally.
Business
Sharjah Chamber and European Women Association to foster trade ties
The agreement also provides the exchange of commercial data and statistics
- An MoU signed by the two sides will encourage the exchange of trade delegations and discussions in the fields of export and economy.
- The MoU was signed by Abdullah Sultan Al Owais, Chairman of the SCCI, and Yulia Stark, President of the European Women's Association.
Business
Masdar, Mitrabara announce JV
The venture targets commercial and industrial segment.
- The venture will help Masdar expand its presence in Indonesia and support the nation’s clean energy and climate objectives.
- Masdar entered the Indonesian market in 2020, forming a joint venture with PT PJBI, a subsidiary of Indonesia’s state electricity company.
Science
Salem AlMarri promoted as Director of Mohammed Bin Rashid Space Centre
Salem Humaid AlMarri, Deputy Director General of Mohammed Bin Rashid Space Centre (MBRSC), has been promoted as the Director General...
- The decision was issued by Dubai Crown Prince and President of the Mohammed Bin Rashid Space Centre, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum.
- With over 15 years of experience, AlMarri has been responsible for ensuring the success of various programs within the UAE National Space Program.
Economy
Solar power costs in US decreased 80% since 2009: DOE
The US Department of Energy put forward the observation in the third edition of the Solar Power in Your Community...
- The price has dropped from a little less than $0.30 per unit in 2009 to around $0.04, according to a chart shared by the DOE
- Federal incentives have spurred dramatic increases in solar deployment, according to the new report
Science
EU overachieves 2020 renewable energy target
With more than half of gross final energy consumption from renewable sources, Sweden had by far the highest share among...
- With more than half of gross final energy consumption from renewable sources, Sweden had by far the highest share among the EU Member States in 2020
- The Member States that significantly exceeded their 2020 targets were Sweden, Croatia and Bulgaria
Business
Tadweer inks deals worth $64m
The deals were signed at the eighth edition of EcoWASTE.
- EcoWASTE 2022, where the deals were signed, was held at Abu Dhabi National Exhibition Centre
- It was organized as part of Abu Dhabi Sustainability Week in strategic partnership with Tadweer
Economy
Kuwait, Saudi Arabia should develop trade, investment cooperation: KCCI
Chairman of Kuwait Chamber of Commerce and Industry (KCCI) Mohammad Al-Saqer called for more bilateral efforts to achieve the desired...
- Chairman of Kuwait Chamber of Commerce and Industry (KCCI) Mohammad Al-Saqer called for more bilateral efforts to achieve the desired economic goals
- On ongoing economic and political developments in the Kingdom, Al-Saqer noted that the Kingdom is an ideal example to follow
Record number of patent applications filed globally in 2022, says WIPO
GENEVA, SWITZERLAND - Global patenting activity soared to new records in 2022, fueled by Indian and Chinese innovators, but an...
Business
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Lazard hires Citi Saudi CEO
Business
Abdullah bin Zayed meets Benjamin Netanyahu
Geostrategy
Reviewed: Strategies to promote wellbeing in the UAE
She was attending the Government Network Meeting of Happiness and Well-being CEOs, which seeks to align the efforts, initiatives and...
Economy
DFSA signs agreement with Bangladesh SEC
DUBAI, UAE - The Dubai Financial Services Authority (DFSA) has signed a Memorandum of Understanding (MoU) with the Bangladesh Securities...
Business
GCC’s two biggest trade allies are Asians
As the US is apparently pulling away from the Middle East, the cooperation between the Gulf and Asian regions is...
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Amanat Holdings buys 60% stake in HDC for US$58m
HDC provides special education and care services in S Arabia.
- HDC has a presence across six provinces of Saudi Arabia and caters to over 3,000 beneficiaries.
- It has a network of nine schools, 22 daycare centers and specialized rehabilitation medical clinics.
Arts & Culture
Saudi culture ministry provides training in UNESCO program
Under its recently announced Experts Program, the Saudi Ministry of Culture has provided an intensive leadership training course for Man...
- MAB is an intergovernmental scientific program that seeks to enhance the relationship between people and their environments through natural and social sciences.
- Delivered in partnership with the UNESCO Regional Bureau for Science in the Arab States, the course brought together 17 local and international participants.
Business
Borouge Q3 profit $308m, paid $325m dividend in October
The company reported a 13.5% increase in revenue to $5.13 billion for 9M.
- Overall production capacity grew by 7.9 percent year-on-year as the ramp-up of the PP5 plant was completed.
- Adjusted EBITDA for the nine months declined by 3.6 percent to $2.10 billion due to globally elevated logistics and material costs, Borouge said.