Oil, gas, and renewables: How global policies and markets are reshaping energy in 2025
The Trump administration’s trade tariffs and withdrawal from the Paris Agreement pose major risks to global economic growth and energy...
Economy
Microsoft retires Skype, the online voice and video call pioneer
San Francisco, United States - Microsoft on Friday announced it was retiring Skype, the online voice and video call pioneer...
Science
Economy
Saudi Industrial Production Index rises by 7.3 percent in Dec 2022
Riyadh, Saudi Arabia-- Saudi Arabia's industrial production index (IPI) for December 2022 witnessed a 7.3 percent increase compared to the...
- A surge in mining, quarrying, and manufacturing activity helped the growth in IPI.
- Manufacturing activity also increased by 18.5 percent in December 2022 compared to the same period last year.
Economy
Foot-and-mouth variant hits Iraq buffaloes, threatening livelihoods
This strain - never before recorded in Iraq - is resistant to the vaccines normally used in the country, leaving...
- The severe, highly contagious livestock disease has plagued Iraq for decades, but this year's outbreak has already had a devastating impact
- Laboratory tests have identified the SAT2 variant of the viral disease, the United Nations' Food and Agriculture Organization (FAO) said
Innovations chart Dubai’s path to sustainable future
"An effective partnership model between the public and private sector in Dubai has helped transform innovation into a culture that...
- Dubai has become the most inspiring example globally for institutionalising the innovation process, says Abdulla Mohammed Al Basti, Secretary-General The Executive Council of Dubai
- An effective partnership model between the public and private sector in Dubai has helped transform innovation into a culture that has enhanced the UAE’s competitiveness, he adds.
Economy
Moody’s lowers Egypt rating to B3, changes outlook to stable
Cairo, Egypt-- Moody's has lowered Egypt's sovereign rating by one notch to B3 from B2 on Tuesday, citing the country's...
- The ratings agency changed its outlook for Egypt to stable from negative
- The country has continued to face a foreign currency shortage despite allowing the Egyptian pound to depreciate sharply in recent months
Business
International dental conference kicks off in Dubai
Dubai, UAE-- The three-day long dental conference has got underway in Dubai, bringing together leading experts in dentistry and oral...
- Some 66,000 participants from 155 countries are expected to attend AEEDC Dubai 2023
- More than 130 Korean companies are participating in the event, occupying 3,000 sqm of exhibit space
Economy
Dubai’s VARA brings out ‘specialized regulations’ for virtual assets
Dubia, UAE--Dubai’s Virtual Asset Regulatory Authority (VARA), has issued what it calls as Virtual Assets and Related Activities Regulations 2023....
- The VA Framework is structurally designed to offer regulatory certainty – allowing the market to have greater clarity on the expected level of operator responsibility
- The custom-designed construct reflects UAE’s commitment to building responsible safeguards, and Dubai’s confidence in delivering a progressive VA ecosystem
Economy
Integrate Middle East 2023 launches in Dubai on May 16
The event is predicted to bring in over 7,000 professional visitors when it takes place at Dubai World Trade Centre...
- The event is predicted to bring in over 7,000 professional visitors when it takes place at Dubai World Trade Centre from May 16 to 18
- Visitors will be able to explore products and services from the entire pro AV technology provider universe, ranging from world-class command and control centres
Economy
UAE, Saudi Arabia pledge quake relief to Syria, Turkey
Saudi Arabia on Tuesday ordered the King Salman Humanitarian Aid and Relief Centre "to provide health, shelter, food and logistical...
- The oil-rich UAE - which had already pledged some $13.6 million to Syria - is spearheading regional relief efforts, having dispatched planes to both countries with relief items
- Fellow Gulf country Saudi Arabia, which severed diplomatic ties with Syrian President Bashar al-Assad's regime in 2012, also said it would provide assistance
Economy
Investors’ choices shape future of economy in a region
Sharjah is a gateway to the markets of the Gulf region, with a GDP of US$1.6 trillion. It provides a...
- There are rich investment options and promising opportunities available in the UAE, says Sharjah FDI Office CEO Mohammed Juma'a Al Musharrakh
- The strategic distribution of capital between key economic sectors will help maintain growth, stability and sustainability, adds Al Musharrakh
Economy
Loopholes in corporate governance, political interest hinder battle against corruption across Arab world
The UAE and few other countries figure at the top of the Transparency Index in the region, but this doesn't...
- The UAE and few other countries figure at the top of the Transparency Index in the region, but this doesn't mean that they have an excellent performance globally, says an expert.
- Though it is at the top among the Arab countries in the transparency index, still the UAE has been on the radar of FATF for money laundering
Most Read
Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
Oil, gas, and renewables: How global policies and markets are reshaping energy in 2025
The Trump administration’s trade tariffs and withdrawal from the Paris Agreement pose major risks to global economic growth and energy...
Economy
Company News
JPMorgan Q3 profit at $13.2bn
Business
Latest News
Global trade likely to decline in 2023 due to changing trade patterns, geopolitics
DUBAI, UAE - The outlook for 2024 remains “highly uncertain and generally pessimistic,” UNCTAD says in the Global Trade Update,...
Economy
El Salvador to issue bitcoin bonds in first quarter of 2024
With bitcoin, Bukele sought to make it easier, and cheaper, for Salvadorans to receive remittances and to provide financial services...
Economy
Public-private partnerships play key role in environmental finance, says EIF official
DUBAI, UAE – Public-private partnerships have the potential to play a significant role in mobilizing private financing for environmental solutions,...
Most Read
Business
Riyadh Season draws 9 million visitors to its entertainment zones
Riyadh, Saudi Arabia - The number of visitors to Riyadh Season has surged to over 9 million, indicating a significant...
- Riyadh Season, marked by the slogan "Big Time," completed the spectrum of entertainment choices with top-tier events and festivals across various zones
- Boulevard City zone emerged as a site filled with entertainment options, along with Boulevard World which features a variety of international cultures
COP28 UAE
‘Investment policies must align with net-zero goals’
An alliance of public and private sectors is crucial for advancing the green agenda and effectively managing supply chain emissions,...
- An alliance of public and private sectors is crucial for advancing the green agenda and effectively managing supply chain emissions, WEF's Kimberley Botwright tells TRENDS.
- Technological advancements, particularly AI, are key accelerators in sustainable trade, while an estimated $125 trillion is required for the net-zero transition by 2030, she adds.
‘Tech solutions help make food practices sustainable’
UAE's launch of Food Innovation Hub emphasizes the government's eagerness to innovate and collaborate for sustainable food systems, WEF's Tania...
- UAE's proactive role in launching Food Innovation Hub emphasizes the government's eagerness to innovate and collaborate for sustainable food systems, says WEF's Tania Strauss.
- The success of UAE's Food Innovation Hub hinges on public-private sector collaboration, with ongoing work to define roles and ecosystems, adds the head of food and water at WEF.