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Aramco-Horse Powertrain deal completed

An agreement for the purchase of 10% equity stake was signed in June 2024.

Roche to buy Poseida Therapeutics

The $1.5 billion deal is due to close in early 2025.

BP announces $7bn gas project

The project aims to unlock 3 trillion cu ft of gas resources in Indonesia.

Lulu Retail Q3 profit $35m

For the nine-month period, net profit increased by 73.3%.

Talabat IPO offer price range announced

The subscription will close on 27 Nov for UAE retail investors.

Water security remains crucial for stability, prosperity

“Water is the fundamental element of life, enabling human societies to stabilize, develop civilizations, and achieve prosperity. Water is the...

UAE is an exceptional economic leader in Middle East

"We've collaborated closely with the World Governments Summit for over a decade. It presents a vital opportunity to foster innovative...
  • UAE hailed as a pivotal economic and innovation hub in the Middle East by OECD Secretary-General Mathias Cormann.
  • Global economy's resilience amid COVID-19 highlighted, with growth projections of 2.9% and 3% for the upcoming years.

Global changes call for adaptable fiscal policies

He highlights the UAE's strategic priorities, including the future of fiscal policy, the application of sustainable fiscal policies to foster...
  • The Eighth Arab Fiscal Forum, held in Dubai, focuses on sustainable development and economic resilience.
  • Key discussions includes balancing public revenues, managing debt, and combatting climate change.

Healthcare experts must keep up with tech innovations

She emphasizes the significant impact of technology on the healthcare sector and highlighted the 'Let's Talk Innovation' Symposium's focus on...
  • Dr. Kalthoom AlBlooshi of EHS emphasizes the need for professionals to stay abreast of technological advancements in healthcare.
  • The 'Let's Talk Innovation' Symposium aims to engage the youth in shaping the future of the UAE healthcare sector, adds AlBlooshi.

‘Innovation is crucial for UAE’s energy efficiency’

"Through effective and constructive collaboration with various local and international partners, we have succeeded in establishing an integrated energy transition...
  • The UAE's Department of Energy's integrated system focuses on clean and renewable energy to achieve climate neutrality.
  • Investment in youth and their innovative ideas is essential for building a sustainable future, says DoE's Awaidha Murshed Al Marar .

‘Bond market acts as a mirror to economic realities’

"(US Federal Reserve Chair Jerome) Powell's focus on verifying inflation's trajectory is in line with the central bank's dual mandate...
  • Bond market's selling pressure illustrates its role in reflecting economic realities, says Nigel Green
  • A 27 basis points surge in 10-year yields marks notable market movement since June 2022, he adds.

Investors eye UAE’s booming sustainable finance sector

"Numerous opportunities exist in sustainable investments, especially in sectors like building systems, renewable energy, water, food and agriculture, shipping, among...
  • The UAE is experiencing remarkable growth in sustainable finance, according to Barclays Private Bank UAE CEO Rasha Badawi.
  • Sustainable investment opportunities expanding in the UAE across various sectors including renewable energy and agriculture, she adds.

WEF24: Scaramucci calls for reform in US politics

US politics need reform, strategic foresight, and principled governance to address domestic and global challenges, says noted American financier Anthony...
  • US politics need reform, strategic foresight, and principled governance to address domestic and global challenges, says noted American financier Anthony Scaramucci.
  • Scaramucci tackles issues like the 'weaponization of the dollar,' lobbying influences, and power concentration in the US during a TRENDS-hosted panel session.

UNRWA plays key role in regional security, stability

The UAE's top diplomat reiterated the UAE's steadfast support for UNRWA, emphasizing that in light of current challenges, sustaining its...
  • UAE commits to continuous support for UNRWA, highlighting the agency's role in humanitarian relief.
  • The country stresses the need for a lasting ceasefire to protect civilians and support Palestinian people.

Global alliances key to educational advancement

"We are dedicated to supporting scientific research and innovation through strategic partnerships and pioneering initiatives, focusing on future-oriented sciences for...
  • UAE Education Minister Dr. Ahmad Belhoul Al Falasi advocates for public-private partnerships in education, emphasizing the importance of sharing expertise to boost quality.
  • During his UK visit, he underscores UAE's dedication to education, focusing on elevating the EdTech sector, curriculum development, and supporting Emirati students abroad.

Dubai is a key player in global business landscape

"The emirate is continuing to consolidate its position as an ideal platform that brings together creative ideas and innovative entrepreneurs...
  • Dubai Chambers and Enterprise Ireland sign a strategic MoU to link Dubai and Irish firms, emphasizing collaboration in technology, manufacturing, and clean energy.
  • The MoU will boost mutual trade and investment, fostering digital economy growth, and offer small businesses opportunities and cross-cultural training through alliance.

Water security remains crucial for stability, prosperity

“Water is the fundamental element of life, enabling human societies to stabilize, develop civilizations, and achieve prosperity. Water is the...

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WTO agri reforms key to global food and climate goals

"Australia maintains that global food security, climate, and biodiversity targets are unattainable without progress in agricultural trade reform, including the...

‘Emphasis grows on market protection over free trade’

"We believe that enhancing competitiveness and ensuring that the nations offering the best products and services come out on top...

‘WTO champions global trade stability, prosperity’

"It is contributing to raising living standards, improving employment opportunities and enabling the expansion of trade in goods and services"...

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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...
  • WTO’s 13th Ministerial Conference: Scheduled in Abu Dhabi, aims to address global challenges and reforms.
  • Japanese Minister Yoko Kamikawa stresses the need for WTO to transform and tackle global issues effectively.

UAE’s economy rides on tech and renewable energy

"The UAE's dedication to innovation and international partnerships as vital to enhancing its position on the global economic stage, bolstering...
  • UAE's economy expected to grow over 5.5% in 2024, says Damian Hitchen, CEO of Saxo Bank in the MENA region.
  • Its strategic location and diversification from oil to tourism, tech, and renewable energy spur economic growth.

GCC, OPEC boost ties to stabilize global oil markets

During his meeting with OPEC Secretary General Haitham Al Ghais, Albudaiwi praises the significant efforts of OPEC and its crucial...
  • GCC commits to global oil market stability through OPEC cooperation, says GCC Secretary General Jasem Mohamed Albudaiwi.
  • OPEC predicts strong oil demand growth in 2024, led by economic activity in China and air travel recovery.