Dubai real estate market records $925 million in daylong transactions
Dubai, UAE -- Dubai's real estate market recorded 510 sales transactions worth AED1.36 billion on Tuesday, in addition to 210...Business
IPT Energy floats new firm in Sharjah
It will engage in the import and trading of oil products.Business
After banning wheat shipments, India caps sugar exports
India said it has capped sugar exports to safeguard its own supplies and ease inflation, days after a ban on...The world's largest sugar producer and number two exporter after Brazil said on Tuesday that shipments would be limited to 10 million tonnes for the current marketing year
Although India is a marginal player on the global market, the move sparked a further surge in already-soaring global food prices
Oil, gas firms use Ukraine war to resist climate efforts: report
The London-based think tank InfluenceMap analyzed advertisements and declarations by the companies in the weeks before and after Russia's invasion...The London-based think tank InfluenceMap analyzed advertisements and declarations by the companies in the weeks before and after Russia's invasion of Ukraine
Oil and gas sector has quickly mobilized around the war in Ukraine and high gas prices to promote the need for more 'American-made energy'
WEF calls for new partnerships to save fragile communities
The World Economic Forum has pleaded for a new partnership between various stakeholders in order to make a difference to...In a paper released by the WEF, it calls for new collaboration between humanitarian and development organizations, businesses, investors and entrepreneurs
Over the next three years the partnership will develop innovative business models and investments that strengthen local economies
Digital technologies can cut greenhouse gas emissions: WEF
Digital technologies can reduce greenhouse gas emissions by up to 20% by 2050 in the three highest-emitting sectors: energy, mobility...As businesses and governments respond to global calls for action to tackle climate change, significant efforts must be put in place to achieve net zero
The results were released during the WEF Annual Meeting 2022 - the focal point for leaders to accelerate the partnerships needed to tackle global challenges
WHO members agree to overhaul health body’s funding
Shaken by the pandemic, the World Health Organization's member states agreed Tuesday to overhaul how they fund the UN health...The change will give the WHO a more stable income stream and control over a much bigger portion of the funding flowing through its Geneva headquarters
Tedros, who was re-elected earlier Tuesday, has made overhauling the agency's finances a key plank of his leadership
GCC businesses need to diversify board members
The percentage of women on boards in corporate houses across the GCC countries is low, Christiane Schloderer, INSEAD Alumni Association's...Boards that lack women representation suffer reputational and possibly regulatory issues, says Christiane Schloderer, INSEAD Alumni Association's senior member
Remuneration and placement committees, headhunters, and chairperson play an important role in appointing women in the key positions, she says
Tokyo stocks open lower after US stocks slide
Tokyo stocks opened lower on Wednesday after US stocks mostly retreated on concerns about growth following a profit warning from...The dollar fetched 126.68 yen in early Asian trade, against 126.86 yen in New York on Tuesday
Sony Group dropped 1.19 percent to 11,235 yen, Hitachi fell 1.22 percent to 6,545 yen, and Fujitsu was off 1.45 percent at 19,330 yen
Energy, technology and finance lead Gulf IPOs
Energy, utilities and natural resources account for 42% of the total IPO proceeds, TMT 27% and financial services 21%, Odin...Overall, equities in GCC capital markets performed well, with deal volume and valuation up 369 percent in 2021 compared to 2020, bringing in $7.7 billion in new money.Â
Energy, Utilities and Natural Resources accounted for 42 percent of the total IPO proceeds, TMT 27 percent and financial services 21 percent.
ADNOC partners with BP, Masdar
The three firms will create green hydrogen and sustainable aviation fuel.ADNOC and BP will begin the design phase of the H2Teesside low-carbon hydrogen project.
Cooperation agreements related to BP's HyGreen Teesside, a large-scale green hydrogen production facility in UK.
UAE firm inks airport deal as Afghanistan eyes international flights
A United Arab Emirates company signed a contract with the Taliban authorities Tuesday to provide ground handling services at Afghanistan's...UAE firm GAAC, which was previously operating in Afghanistan, signed a new 18-month contract covering three airports: Kabul, Kandahar and Herat.
GAAC has provided ground handling services at Kabul airport since November 2020, and played a key role in rehabilitating the facility in August.
