Investment and innovation behind Qatar’s tech success
Maher praises the Gulf country for its substantial efforts, investments, and innovative ideas that have transformed it into a prime...
Economy
WTO reforms essential to meet global challenges
“Japan and the UAE will deepen their cooperation beyond traditional areas such as energy and the economy to include a...
Geostrategy
Business
Saudi Arabia sails towards ambitious maritime goals
"The noteworthy achievements include substantial developments in logistics services, fostering a closer relationship with the International Maritime Organization, and supporting...
- Saudi Arabia has made remarkable strides in the maritime sector, says Saudi Ambassador to the UK, Prince Khalid bin Bandar bin Sultan bin Abdulaziz
- The strides include significant developments in logistics services, collaboration with International Maritime Organization, and marine environmental conservation
Business
Qatar to take hold of 40% share in future LNG market
"We are increasing production to 126 MTPA, and we have another 16-18 metric tons per annum (MTPA) out of the...
- QatarEnergy will supply 40% of all new LNG entering the market by 2029, says Qatar's Minister of State for Energy Affairs
- The firm plans to increase production to 126 MTPA, with an additional 16-18 MTPA from the US coming online next year
Economy
UAE bolsters AI integration to boost competitiveness
"The UAE government prioritizes keeping pace with global advancements to proactively address opportunities and challenges," adds Al Olama. "This priority...
- UAE renews commitment to embracing artificial intelligence solutions across various sectors, says UAE minister Omar bin Sultan Al Olama
- The UAE government prioritizes keeping pace with global advancements to proactively address opportunities and challenges," he adds
Geostrategy
Global research collaboration will help achieve SDGs
“We need greater cooperation is scientific research and innovation. Research and innovation are not only imperative for national and global...
- UAE Minister of State Sarah Al Amiri believes achieving the SDGs, Paris Agreement goals, and Global Biodiversity Framework demands united efforts from research communities
- The UAE minister reaffirms the UAE's commitment to increasing R&D spend to 2% of GDP by 2031 and the formation of the Emirates Research & Development Council
Arts & Culture
Youth hold the keys to a brighter future
Pinning high hopes on the capabilities and determination of young people to achieve a better future for humanity, Pisar emphasizes...
- Dr Leah Pisar, President of the Aladdin Project, believes youth can play a significant role in addressing global challenges
- In a lecture at the Emerging Peacemakers Forum, she pins high hopes on young people's capabilities and determination
Economy
Oil and gas firms must invest more in clean energy
“The phase down of fossil fuels is in-evitable. It is in fact essential. But it cannot be irresponsible. We must...
- Dr. Sultan Al Jaber, the COP28 President-Designate, highlights the need for comprehensive decarbonization and an urgent shift towards a new clean energy system
- The COP28 President-Designate also insists on responsible management of the fossil fuel phase-down, emphasizing energy security, accessibility, and affordability
Business
SRTIP-SOTI merger to boost UAE’s knowledge economy
"The time is right to reach higher and underscore Sharjah’s position as a leading global destination for innovation, business, and...
- Merger of SRTIP and SOTI will form an independent Free Zone Authority, enhancing the UAE's knowledge economy and entrepreneurial status
- The merger will unlock the potential of Sharjah's technology and innovation sector and solidify the UAE as a global business and entrepreneurship destination
Economy
OPEC+ strives for market balance, sustainable growth
The international oil bloc’s technical team constantly monitors variables in global oil markets and presents its recommendations to the ministerial...
- UAE updates energy strategies and aligns with climate goals, helping it rank second in global Green Future Index, says a UAE minister
- The Gulf country has invested over $50 billion in clean energy projects and pledges an additional $50 billion over the next decade, he adds
Business
Sudanese pound stays strong despite ongoing conflict
Dr Gharaibeh attributes Sudan's monetary stability to the localized conflict in Khartoum and increased reliance on local investment, compensating for...
- Dr. Omar Khlaif Gharaibeh identifies localized conflict and reliance on local investment as key factors in maintaining currency stability
- Central Bank of Sudan's role in bolstering confidence in the banking sector is also crucial, adds the Al Al-Bayt University's Associate Professor
Economy
Confront inconvenient truths to fight global inflation
"Now is the time to face the three uncomfortable truths ... Inflation remains sticky; financial stresses could make price and...
- Stubborn inflation is linked to factors such as tight labor markets, strong wage growth, and pent-up demand, despite hikes in interest rates, says an IMF official
- Monetary policy strategies and tools like forward guidance and quantitative easing may require adjustments to handle these risks effectively, adds Gita Gopinath
Investment and innovation behind Qatar’s tech success
Maher praises the Gulf country for its substantial efforts, investments, and innovative ideas that have transformed it into a prime...
Economy
Company News
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‘Major shifts are reshaping the Arab world’s future’
"Most of the global trends are positive if analyzed in terms of economic value. Countries have developed and lifted millions...
Economy
‘Promoting reading key to a knowledge-based society’
“By strengthening the habit of reading among people, we aim to contribute to comprehensive development and sustainable education, and to...
Arts & Culture
‘AD Ports redefines future of maritime and logistics’
"Our achievements demonstrate that traditional approaches no longer suffice in the rapidly evolving global market. We have embraced change, not...
Business
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Economy
‘Gulf-Korea FTA marks historic economic milestone’
"The implementation of such free trade agreements follows directives from GCC leaders aimed at strengthening economic ties with other countries...
- The GCC's agreement with Korea, covering 18 chapters including goods, services, and digital trade, underscores its dedication to global economic integration.
- Following its recent trade deal with Pakistan, the GCC's new agreement with Korea highlights its robust economic status, thanks to dedicated negotiators.
Economy
‘Use AI to bridge global economic gaps, promote peace’
“To ensure AI makes ethical, inclusive, and prosperous decisions, we must educate ourselves on its workings. It’s crucial to manage...
- Omran Sharaf, the UAE's Assistant Foreign Minister, stresses the importance of respecting differences for proper AI development in national and regional contexts.
- He underscores AI's role in technological advancement, sustainable development, and the need for an effective international AI governance framework.
Business
‘Diverse economic needs boost global sukuk market’
"Rising rates negatively impact global issuances of sukuk, thereby affecting the global sukuk market. This reduces the appetite of global...
- The Sukuk market is projected to reach $823.4 billion by Q3-2023, reflecting a significant 9.8% annual growth, indicating its continued expansion.
- Sukuk adoption is driven by factors such as filling budget gaps, diversifying funding sources, and establishing flexible financial tools for economic stability.