Davos2025: 33 industrial clusters from 16 countries commit to economic growth, jobs creation and emissions cuts
The Transitioning Industrial Clusters initiative aims to improve collaboration and develop a shared vision among co-located companies and public institutions,...
Economy
EXCLUSIVE: AI agents to reshape the future of work, says CEO Automation Anywhere
Davos, Switzerland: AI agents are set to revolutionize the way businesses operate, with tasks being divided into autonomous, AI-assisted, and...
Business
Business
European wages to increase at ‘very strong’ rate, says ECB
"Robust labour markets" alongside "increases in national minimum wages" and "trade unions demand(ing) higher wage increases" are also set to...
- Wage growth over the next few quarters is expected to be very strong compared with historical patterns, the ECB said.
- In December, inflation in the eurozone dipped under the symbolic figure of 10 percent, after 18 months of uninterrupted increase
Geostrategy
UAE, Oman education ministers discuss cooperation in the sector
MUSCAT, OMAN - UAE Minister of Education Dr. Ahmad Belhoul Al Falasi and Oman Minister of Education Dr. Madiha bint...
- The meeting was held in Muscat and aimed at boosting the coordination and cooperation between the two friendly countries.
- The two sides also discussed the exchange of expertise in the field of curriculum development and international tests
Geostrategy
Global piracy acts drop to 14-year low, says report
Worldwide acts of piracy fell to their lowest level last year since statistics were first established in 2008, a maritime...
- In the Gulf of Guinea, considered a piracy hotspot, just three ships were attacked in 2022 compared to 26 in 2019, the MICA said.
- In the same area, the number of kidnappings dropped to two last year, from 146 in 2019.
Business
AstraZeneca buys US firm CinCor
The acquisition has been finalized at $1.8billion.
- The takeover marks the latest push by Astra chief executive Pascal Soriot to bolster the company's pipeline of new products.
- Massachusetts-based CinCor focuses on developing treatments for hypertension and chronic kidney disease.
Economy
Production at Karbala refinery will start in mid-March: Iraq
The refinery production from high-octane gasoline will be a grade of 95, with a capacity ranging from 8 to 9...
- The refinery production from high-octane gasoline will be a grade of 95, with a capacity ranging from 8 to 9 million litres per day
- Iraqi oil minister said that the production can be increased to 12 million liters, which will cover a large proportion of up to 75 percent of domestic consumption
Economy
Pakistan to seek billions in Geneva conference for flood recovery
Months after the floods left most of the country devastated, Pakistan will seek billions in international support toward its recovery...
- Pakistan Prime Minister Shehbaz Sharif and UN Secretary-General Antonio Guterres will kick off the one-day event
- The World Bank has estimated that up to nine million more people could be dragged into poverty as a result of the flooding
Economy
Qatar Credit Bureau hands out more than 33,000 reports in 2022
Doha, Qatar--The Qatar Credit Bureau has disclosed that more than 33,000 credit reports were issued and more than 1,400 complaints...
- The number of new subscribers to the text messaging service reached 11,000 new subscribers
- The center pointed out that the electronic services portal provides direct access to all the center's services around the clock
Business
Saudi ports record 13% annual rise in 2022 freight tons
The year-end statistics for 2022 highlight a 3.2 percent surge in container volumes at 10.355 billion TEUs compared to 10.035...
- The year-end statistics for 2022 highlight a 3.2 percent surge in container volumes at 10.355 billion TEUs compared to 10.035 billion TEUs a year earlier
- The growth in imported and exported boxes rose 5 percent to 4.839 billion TEUs from 4.628 billion TEUs in the previous period
Opinion
UAE’s economic diversification strategy goes hand in hand with growth and expansion of its foreign trade
The UAE's keenness to open up to the world and work to stamp out obstacles to trade and investment flows...
- The UAE continues to leverage its global presence by opening up to the world by expanding its network of trading partners through comprehensive economic partnership agreements
- Selecting the UAE to host the World Trade Organization's 13th Ministerial Conference reflects the country's prestigious global position on the map of international trade today
Economy
UAE, Pakistan advancing parliamentary cooperation
A delegation of the UAE Federal National Council's Parliamentary Division, led by Dr. Nidal Mohamed Al-Tunaiji met with Nuzhat Sadiq,...
- A delegation of the UAE Federal National Council's Parliamentary Division, led by Dr. Nidal Mohamed Al-Tunaiji met with Nuzhat Sadiq, Member of the Senate of Pakistan
- The two sides discussed the bilateral relations, and the importance of advancing cooperation between the two parliaments
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
Davos2025: 33 industrial clusters from 16 countries commit to economic growth, jobs creation and emissions cuts
The Transitioning Industrial Clusters initiative aims to improve collaboration and develop a shared vision among co-located companies and public institutions,...
Economy
Company News
Latest News
DIB to buy stake in TOM Group
Geostrategy
UAE voted to Category-B membership in International Maritime Organization
LONDON, UK - The UAE has been re-elected to the Council of the International Maritime Organization (IMO) in the Category...
Geostrategy
IMF to revise regional outlook over Israel-Hamas conflict
Dubai, UAE--The IMF announced Friday that it will revise its economic outlook for the Middle East and North Africa region...
Business
Mumtalakat, Investcorp ink pact
The firms have jointly launched a climate investment platform.
Business
Most Read
Economy
UAE, Philippines to cooperate in digital sector with focus on data centers
Abu Dhabi, UAE - The UAE and Philippines signed an agreement to create a framework for investment in the digital...
- As physical facilities that organizations use to store critical data and run applications, data centers are vital parts of the digital economy infrastructure
- Recognized as one of the emerging data center markets worldwide, the Philippines offers a robust, rapidly growing ecosystem in this sector
Economy
UAE a pioneer in renewable energy: Palau President
“COP28 is attracting significant interest from various participating countries and will serve as an important forum for climate enthusiasts. This...
- Palau President commends the UAE's leadership in renewable energy, especially solar, for global climate goals.
- COP28 garners significant international interest as a pivotal event for climate change action and sustainability.
Economy
Gulf leads the charge in green mobility revolution
In the heart of the GCC, a transformative shift towards 'Green Mobility' is underway, driven by a commitment to environmental...
- In the heart of the GCC, a transformative shift towards 'Green Mobility' is underway, driven by a commitment to environmental sustainability and reducing carbon footprints.
- This shift, led by nations like the UAE and companies like Aramex, is redefining the future of transportation, blending innovation, economic growth, and ecological stewardship.