The future of logistics: Insights from DHL’s Amadou Diallo
The future of logistics is a convergence of technology, sustainability, and human ingenuity, which are transforming supply chains into more...
Interview
US trading partners hit back on steel, aluminum tariffs
The steep 25-percent levies came into place after midnight with no exemptions despite countries' efforts to avert them, in a...
Geostrategy
Economy
After 15 years of talks, UN states agree on deal to protect high seas
The deal described by many as historic is seen as key to conserving 30 percent of the world's land and...
- Greenpeace's Laura Meller called it a historic day for conservation and a sign that in a divided world, protecting nature and people can triumph over geopolitics
- The treaty will also oblige countries to conduct environmental impact assessments of proposed activities on the high seas
Economy
UAE positioned itself as key player in global value chain: Al Zeyoudi
Abu Dhabi, UAE-- Stating that the global reshuffling of economic gravity is providing an opportunity for the UAE, Dr. Thani...
- Al Zeyoudi said the UAE achieved a remarkable 17 percent growth in trade figures, reaching a total of $630 billion
- The minister affirmed his confidence in the UAE's ability to continue attracting investments and achieving strong trade growth in the coming year
Economy
Iraq customs orders enforcement of alcohol import ban
In spite of divisions over the legislation, Iraq's customs department has given orders to begin enforcing a ban on alcohol...
- The new legislation approved by parliament in 2016 only became law after its publication in the official gazette on February 20
- It has drawn sharp criticism from rights activists and lawmakers representing Iraq's dwindling non-Muslim communities
Economy
Iran announces discovery of large lithium deposit
TEHRAN, IRAN - Iran has announced the discovery of a large deposit of lithium, a key component of batteries for electric...
- This reserve is believed to hold "8.5 million tonnes" of lithium, according to a senior Iranian official.
- This white metal is an essential component of rechargeable batteries used in cell phones and other electronic devices.
Geostrategy
UAE, Italy enhance bilateral relations to Strategic Partnership level
ABU DHABI, UAE - The United Arab Emirates and Italy on Saturday announced the enhancement of their bilateral relations to...
- A pact for cooperation on energy projects and sustainability initiatives between Abu Dhabi National Oil Company and the Italian energy group Eni was signed.
- The MoU aims to strengthen cooperation in the field of emissions reduction, new energy technologies and low-carbon solutions.
Geostrategy
Earthquake caused direct damage of $5.1bn in Syria, says World Bank
A massive earthquake and aftershocks in February caused an estimated US$5.1 billion in direct physical damage in Syria, said the...
- The earthquake hit Turkey and Syria, devastated scores of cities and killed over 50,000 people in both countries.
- World Bank said that its report does not cover broader economic impacts and losses for Syria, such as production or business interruption.
Science
Ocean conference participants pledge US$19bn
Panama City, Panama - Delegates to a global conference on saving the world's oceans pledged US$19 billion, the host country Panama...
- European Union announced it would dedicate $865 million to ocean-related projects this year
- The total included a $6 billion from the United States, announced by White House climate envoy John Kerry
Economy
PPI of industrial sector in Qatar declines by 1.75% in January
Doha, Qatar - The Producer Price Index (PPI) of Qatar’s industrial sector declined by 1.75 percent in January 2023 when...
- The PPI for January 2023 was 129.59 points, down 4.71 percent from December 2022
- For manufacturing sector, a PPI increase of 0.08 percent was recorded in January 2023
Economy
Saving deposits in UAE banks rose to $67bn in 2022: CBUAE
Abu Dhabi, UAE - Saving deposits in the UAE banking system, excluding interbank deposits, increased to AED245.867 billion ($67 billion)...
- Rise in savings deposits represents a YoY growth of $1.08 billion or 1.7 percent, from about $66 billion in November 2021
- Demand deposits grew to $246 billion by the end of December last year, a YoY growth of 7 percent from $145 billion in 2021
Economy
UAE, Turkey sign free trade deal in sign of warming ties
Pushing aside their differences in relations strained by regional disputes, the oil-rich United Arab Emirates and Turkey signed a free...
- Turkey and the UAE have backed opposing sides in regional conflicts and have sparred over issues including gas exploration in the eastern Mediterranean
- Early last year, Erdogan made his first visit to the UAE in nearly a decade and called on business leaders to invest in his country
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The future of logistics: Insights from DHL’s Amadou Diallo
The future of logistics is a convergence of technology, sustainability, and human ingenuity, which are transforming supply chains into more...
Interview
Company News
Latest News
Qatar expects a decrease in inflation next year
Doha, Qatar-- Inflation in Qatar is expected to fall in 2024, according to Ali bin Ahmed Al Kuwari, the Minister...
Economy
UAE, Mauritius conclude CEPA talks, set to boost trade
The CEPA will cover trade in goods and services, investment facilitation amongst others. Once implemented, it will accelerate robust growth...
Business
UAE best performing economy in Arab region, says Arab Monetary Fund
Abu Dhabi, UAE - The United Arab Emirates was named the most economically competitive nation in the Arab world, a...
Economy
Most Read
Economy
Central Bank of Egypt keeps interest rates unchanged
Cairo, Egypt – The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) has kept the current key...
- The decision leaves the overnight deposit rate at 19.25 percent and the overnight lending rate at 20.25 percent
- The MPC noted a decline in key international commodity prices, especially energy, which has eased global inflation pressures
Economy
Saudi EXIM Bank, DBK sign MoU
It will boost the trade between Saudi Arabia and Kazakhstan.
- Under the MoU, both banks have also agreed to exchange information, experiences, and best practices to enhance the development of services and products
- It will also facilitate collaborative research efforts and knowledge sharing to design export credit policies and practices and provide workforce training opportunities
Economy
‘Private sector plays vital role in Gulf integration’
"The GCC has all the potential to become a strong economic alliance capable of asserting itself on the global economic...
- The GCC has all the potential to become a strong economic alliance capable of asserting itself on the global economic map.
- This potential is attributed to its natural resources, distinctive geographical location, and robust global alliances with nations.