Energy-related global CO2 emissions hit record levels in 2023, says IEA
PARIS, FRANCE – Energy-related carbon dioxide emissions rose to a record level in 2023, but the growth slowed from previous years...Business Energy Global
Digital transfers reshape MENA’s financial landscape
The region sees a robust future for digital cross-border transfers in the Middle East, marked by innovation and a strong...Business Banking & Finance
UAE to raise 2022 federal budget spending by $334.9m
The UAE will raise its 2022 federal budget spending by an additional Dh1.23 billion ($334.9 million), according to the Federal...The FNC said on Twitter that the increased spending will come from the federal government's general reserves
The UAE's revenue is expected to grow by about Dh374.9 million
BP buys 40% stake in Australian renewable plant, largest on earth
Oil giant BP announced Wednesday it is taking a 40.5 percent stake in an Australian energy project being billed as...The project is expected to generate 26 gigawatts of renewable energy through wind and solar, supplying power across the Pilbara
It will also produce 1.6 million tonnes of green hydrogen each year
GCC eyes unified payment system to strengthen banks
Aiming to strengthen the financial sector and achieve economic unity by 2025, the regional governments are working on an agreement...The Unified Payment System Agreement is part of the GCC's commitment to boost the region's financial markets
The participation of the GCC countries in the unified payment system is optional and also based on their readiness
Food security main agenda of UAE delegation in Netherlands
A UAE delegation visits Netherlands to exchange knowledge and best practices in the food sector with their Dutch counterparts with...The UAE delegation shared their wide range of expertise with their Dutch counterparts
The delegation learned first-hand about the latest innovations in Dutch agriculture technology
Qatar passenger traffic may surge by 105 percent in 2022: Report
The report of Qatar Aviation body is updated with the IATA Air Transport data (Airport-IS) related to schedule statistics until...Passenger traffic anticipates a surge ranging from +90 percent to +105 percent compared to the year 2021
The report suggests that the number of flights at Hamad and Doha International Airports could reach about 28,000
Kuwait awarded nearly $6 billion worth of tenders in 2021
The Central Agency for Public Tenders of Kuwait (CAPT) has awarded 235 tenders worth $5.9 billion in 2021. Secretary-General of...The Ministry of Electricity, Water and Renewable Energy had won the lion's share of the tenders in 2021.
The Ministry of Health (MoH), with 25 tenders worth $364.6 million, grabbed the second position.
Jordan, Egypt sign deal to develop and operate logistics areas
Jordan and Egypt held a meeting Monday to discuss mutual cooperation in the field of establishing, operating and developing logistic...The two nations had signed a cooperation deal on the sidelines of the 30th session of the Joint Jordanian-Egyptian Higher Committee.
The virtual meeting between the two highlighted the importance of implementing partnership projects for strengthening self-sufficiency.
Jordan’s FDI in 2021 reaches $622million, Arab region’s $53 billion
The Foreign Direct Investment (FDI) in Jordan amounted to $622 million in 2021, constituting 1.2 percent of the Arab region's...UAE was the topmost FDI destination in the Arab world, with $20.7 billion or 39.1 percent of the region's total FDI.
UAE was followed by Saudi Arabia with $19.3 billion, Egypt with $5.1 billion, Oman with $3.6 billion, and Morocco with $2.2 billion.
Media giants buy Indian Premier League cricket rights for $6.2 billion
India's cricket board said Tuesday it has sold the broadcast rights of the IPL tournament for the next five seasons...The amount paid for the rights to one of the world's most watched sports contests dwarfs the $2.55 billion that Star India paid in 2017 for the previous five seasons to 2022.
The buyer was Viacom18, a joint venture between Reliance and US group Paramount Global as well as a group reportedly backed by James Murdoch.
Jordan energy ministry inks MoUs for copper, gold exploration
Jordan's Ministry of Energy signed an MoU with a local company to explore for copper and it also signed another...Jordan's energy ministry inked an MoU with a local company to explore for copper in the Dana region of the Kingdom's south
The ministry signed an MoU with a Turkish company to explore for gold in the Abu Khashiba region, also in the south
