Building an anticipatory governance strategy for an increasingly risky world
Anticipatory governance is crucial in navigating today’s risks. While AI tools enhance forecasting, early warning does not always lead to...
Economy
Turkey central bank cuts rate to 42.5% as inflation eases
Istanbul, Turkey - Turkey's central bank on Thursday lowered its key interest rate for a third consecutive time as inflation...
Economy
ECB to hike rates again, but outlook brightens
Most analysts expect a 50-basis point hike in March but, with inflation starting to ease, there are already signs of...
- ECB president Christine Lagarde has repeatedly stressed rates will continue to rise at a steady pace, and the bank is expected to agree on a 50-basis point hike Thursday
- ECB board member Fabio Panetta, known for his dovish stance, said the bank should not commit to any particular hike beyond the forthcoming meeting
Economy
European Union provides US$70m in financing to Jordan
Amman, Jordan-- The European Union (EU) has signed two agreements with Jordan to provide it with a $70 million in...
- Jordan's Minister of Planning Zeina Toukan said these grants come at an important time to support the development and reform efforts in Jordan
- The EU’s "Food and Resilience Facility" aims to support specific interventions designed according to the domestic context and needs
Economy
UAE unveils ‘Emirates Health’ at medical conference in Dubai
Dubai, UAE--The UAE has launched several innovative health projects in the 48th edition of Arab Health 2023, which began today...
- The three entities have jointly developed projects on display as part of a unique national initiative to provide curative and digital health services
- During the four-day event at the Dubai World Trade Centre, the Emirates Health Platform will witness the launch of an innovative health services package
Geostrategy
Lebanon’s offshore exploration agreement supports the country’s economic development, says Qatar’s minister
"This very important commitment gives us the opportunity to support Lebanon’s economic development, at this critical juncture. And I want...
- Qatar had entered a consortium to explore for offshore gas in waters near Israel, following a historic border deal last year between the two rivals
- The agreement green-lights Lebanon's exploration of its southern Qana, or Sidon, reservoir following the signing of the landmark accord last October
Economy
Saudi Arabia explores space to secure solar energy
The Kingdom is studying the feasibility of investing in the futuistic UK project, which if materialized may play an important...
- The Kingdom is studying the feasibility of investing in the futuistic UK project, which if materialized may play an important role in combating climate change
- The project's cost is likely to exceed tens of billions of dollars amid expectations that the space solar energy project will be completed by 2040, reports suggest
Business
UAE’s EHS to showcase innovative health projects during Arab Health 2023
DUBAI, UAE - The Emirates Health Services (EHS) will showcase its 19 innovative healthcare projects during Arab Health Exhibition 2023,...
- Arab Health Exhibition is one of the largest forums that hosts major corporations, authorities and companies from all over the world.
- The forum provides an opportunity to achieve the goals of national strategies and projects that seek to turn the UAE into a global hub for health care.
Business
UAE launches ‘Tax Support’ program to promote compliance with laws
Dubai, UAE - UAE's Federal Tax Authority (FTA) started the ‘Tax Support’ initiative to raise tax awareness among UAE’s business...
- The step is likely to help the businesses in enhancing compliance with tax laws and regulations.
- As a result, the first workshop for 2023 under the initiative was held on 24th and 25th January in Oud Metha, Dubai.
Geostrategy
GCC Standardization Organization announces Training Plan for 2023
RIYADH, SAUDI ARABIA - The Gulf Cooperation Council (GCC) Standardization Organization (GSO) has announced its training plan for 2023 in...
- The 2023 training plan aims at contributing to developing cadres in the national standardization agencies in the member states.
- He said that the GSO will organize 15 training programs and workshops in a number of the cities in the GCC.
Geostrategy
Jordan, EU sign two financing agreements worth US$69m
AMMAN, JORDAN - Confirming its role as one of Jordan’s main supporters, the European Union (EU) on Sunday signed two...
- The first is financing a US$42 million program in support of Jordan's Ministry of Justice, Judicial Council, Judicial Institute and Public Security Directorate.
- The second US$27 million contributes to the "Green Growth" program from the Food and Resilience Facility.
Business
DEWA commissions 17 transmission substations worth US$871m in 2022
DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) inaugurated 17 new substations in 2022. These include fifteen 132kV stations...
- The transmission substations include 15 132kV stations with a conversion capacity of 2,280 megavolt amperes (MVA) and two 400kV stations with a conversion capacity of 4,000 MVA.
- DEWA installed 5km of 400kV overhead transmission lines and 247km of 132 kV ground cables to connect the substations to the main transmission network.
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Building an anticipatory governance strategy for an increasingly risky world
Anticipatory governance is crucial in navigating today’s risks. While AI tools enhance forecasting, early warning does not always lead to...
Economy
Company News
Latest News
Russia, Saudi say sovereign Palestine state vital for regional peace
RIYADH, SAUDI ARABIA – Russia and Saudi Arabia expressed concern on the present situation in Gaza and said that a...
Geostrategy
Oman’s revenues drop by 17 percent in nine months of 2023
Muscat, Oman -- Oman's revenues for the nine-month period of 2023 declined 17 percent to 9.8 billion riyals ($25.45 billion),...
Economy
Global health crisis looms amid climate change: WEF
Global coalition and trillions of dollars are required to prevent escalating human deaths due to climate change, Dr. Shyam Bishen...
COP28 UAE
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COP28 UAE
ITFC looks to ramp up green financing to 30% of its portfolio
Dubai, UAE-- The International Islamic Trade Finance Corporation (ITFC) is looking to ramp up its sustainable and green financing to...
- Sonbol anticipates a big boost in green financing within their portfolios and significant acceleration in this trend in the years to come
- He noted the significance of helping farmers with innovative financial solutions and new technologies so that food security can be ensured
Business
TikTok announces online shop deal
Indonesia is TikTok's second-largest global market.
- Indonesia in September banned sales on social media to protect small businesses that were losing out to e-commerce giants
- With 125 million users, Indonesia is TikTok's second-largest global market after the United States, according to company figures
Economy
Oil prices up on Saudi, Russia push for output reduction
Riyadh, Saudi Arabia - Collaboration between Saudi Arabia and Russia to drive OPEC+ members toward output cuts has resulted in...
- The OPEC agreement entails a substantial 2.2 million barrels per day reduction for the first quarter of next year
- Despite these global efforts, US output continued at a high of over 13 million barrels per day, contributing to a surplus in the market