Trump announces 25% tariffs on foreign-built vehicles
US President Donald Trump has announced steep tariffs on auto imports and parts, provoking threats of retaliation from trading partners...
Economy
Real challenges of digital transformation
Blockchain enhances security and efficiency by decentralizing data storage, and reducing fraud, David Boast tells TRENDS in an exclusive interview.
Economy
World Economic Forum
Energy poverty has been accelerating due to war in Ukraine, says Qatar’s foreign minister at WEF 2023
"It is unfair that many developing countries are demanded not to develop their special resources and to be independent in...
- It is unfair that many developing countries are demanded not to develop their special resources and to be independent in the field of energy, says Qatar's foreign minister
- People in the Middle East have been suffering for decades from all violations of the UN Charter, including Palestinian cause and Israeli occupation as well as Syrian issue, he adds
World Economic Forum
Energy security key driver of climate investments
The US Inflation Reduction Act signed by President Biden last year, is the most significant climate pact since the Paris...
- The US Inflation Reduction Act signed by President Biden last year, is the most significant climate pact since the Paris Agreement in 2015, says IEA Executive Director Fatih Birol
- "We are entering the first global energy crisis," says Birol while highlighting the role of Russia in the crisis at a World Economic Forum session
Economy
Abu Dhabi Department of Energy, Statistics Center sign data collaboration pact
ABU DHABI, UAE - Statistics Center – Abu Dhabi (SCAD) and the Abu Dhabi Department of Energy (DoE) have signed...
- The pact was inked on the sidelines of the 15th edition of the Abu Dhabi Sustainability Week 2023.
- This is a part of a strategy to develop an advanced statistical ecosystem which provides high-quality statistics through a decentralized model.
Economy
UAE Ministry of Finance, Dubai Free Zones Council sign MoU on sharing of information
DUBAI, UAE - UAE Ministry of Finance (MoF) Tuesday signed a Memorandum of Understanding (MoU) with the Dubai Free Zones...
- The Ministry of Finance makes efforts to ensure that government entities in the UAE are committed to international tax pacts the country has signed.
- Dubai Free Zones Council will provide the necessary tax information to the ministry of finance.
Science
WEF launches initiative to channelize US$3trn for climate and nature
The World Economic Forum launched the Giving to Amplify Earth Action (GAEA), to help unlock the US$3 trillion of financing...
- Present funding is slow and inadequate, and a new approach is needed to get capital flowing.
- Philanthropic giving is nimble, more tolerant of risks and is driven by values and long-term outcomes rather than quarterly returns.
Economy
China economy grows 3% in 2022: official data
The world's second-largest economy faced historic headwinds as 2022 drew to a close, with exports plunging last month due to a...
- Beijing had set itself a target of 5.5 percent, a rate already much lower than the performance of 2021, when the country's GDP increased more than eight percent
- Tuesday's figures represent China's worst growth figures since a 1.6 contraction in 1976 -- after the coronavirus emerged in Wuhan in late 2019
Economy
Qatar’s private sector exports surge 25% to $10bn in 2022Â
The total value of private sector exports during the fourth quarter of 2022 amounted to $2 billion.
- The total value of private sector exports during the fourth quarter of 2022 amounted to $2 billion
- The number of countries receiving Qatari exports in Q4-2022 reached 95 in the year
Economy
Sharjah ruler announces ‘valuable’ projects in central region
Sharjah, UAE-- Ruler of Sharjah Dr. Sheikh Sultan bin Muhammad Al Qasimi has affirmed that work is underway to complete...
- He announced the employment of 50 engineers from the region to work on Sharjah Electricity, Water and Gas Authority (SEWA)’s projects
- The lake will contain 420 million gallons of water, and it will not only provide Sharjah with water, but it will also reduce the temperature in the city of Al Dhaid
Opinion
The turbulent twenties, when risks collide
The world’s top current risks are energy, food, inflation and the overall cost of living crisis. Over the next two...
- Amidst the persistent health and economic overhang of a global pandemic and a war in Europe, the world is facing a set of risks that feel both wholly new and eerily familiar
- The world’s top current risks are energy, food, inflation and the overall cost of living crisis. Over the next two years, the cost-of-living crisis remains the number one threat
YEARBOOK 2023
Increased oil output, prices to spur Saudi growth
Large infrastructure projects -- mainly supported by the Public Investment Fund and National Development Fund -- are expected to boost...
- Large infrastructure projects -- mainly supported by the Public Investment Fund and National Development Fund -- are expected to boost the Kingdom's economy further.
- Private sector accounted for more than half of the increase as the unemployment among Saudi citizens fell from 15.4 percent in Q2 of 2020 to 9.7 percent in Q2 of 2022
Trump announces 25% tariffs on foreign-built vehicles
US President Donald Trump has announced steep tariffs on auto imports and parts, provoking threats of retaliation from trading partners...
Economy
Company News
Latest News
‘Private sector plays key role in climate resilience’
Private sector has the ability to mobilize resources and foster innovative solutions for vulnerable communities, Dominica's Environment Minister Cozier Frederick...
COP28 UAE
Digitization helps UAE make supply chain sustainable
"The UAE launched the 'Trade Tech Initiative' in partnership with the World Economic Forum. The initiative aims to accelerate the...
NEOM launches ‘Topian’ to ensure climate-proof agriculture in Saudi
NEOM, Saudi Arabia:Â NEOM, a mega-city project in Saudi Arabia characterized by futuristic urban planning and advanced technologies, Sunday announced the...
Business
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COP28 UAE
UAE to tie up with ACSAD to achieve zero neutrality by 2050
Dubai, UAE--The Arab Centre for the Studies of Arid Zones and Dry Lands (ACSAD) will partner with the UAE's Ministry...
- ACSAD has offered at COP28 several solutions to the problem presented by climate change, including challenges like dealing with water scarcity and food security
- Dr. Homsi said that Arab summits had given ACSAD the task to implement a number of projects, such as the production of wheat varieties resistant to drought, high temperatures
Economy
Underinvestment haunts youth-led climate solutions
“Our appeal is that children and youth are integral to any discussion, debate, negotiation in a meaningful, participatory, and intentional...
- Less than 1% of global fund investments go into youth-led climate solutions, says Carla Haddad Mardini of UNICEF.
- Only 2.4% of climate finance aids children, she says, adding that COP28 sets groundwork for future climate actions.
COP28 UAE
ENEC signs MoU with Egypt
They will explore to advance the use of nuclear energy.
- The UAE's nuclear body is focused on strategic investments, research and development, and innovative approaches to cater to the need for clean energy sources
- It is cooperating with local stakeholders to determine deployment pathways, and with international partners for both technology and project collaboration opportunities