Asian stocks rise as Powell rate warning taken in stride
Equities rose in Asia on Wednesday as traders took in their stride a warning from Federal Reserve boss Jerome Powell...
Tech Mahindra’s Ram Ramachandran: MEA, India key to shaping future in multipolar world
Davos, Switzerland -- The Middle East, Africa, and India have an important role and influence in shaping the evolving world order...
World Economic Forum
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
Economy
Sharjah Consultative Council reviews districts and villages department’s work
SHARJAH, UAE - The Sharjah Consultative Council (SCC), in its seventh session, held as part of the fourth regular session...
- The SCC meeting, at its headquarters in Sharjah, was chaired by Ali Mehd Al Suwaidi, Chairman of the Council.
- Sheikh Majid bin Sultan Al Qasimi, Member of Sharjah Executive Council, Head of DVAD represented the department in the session.
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Asian stocks rise as Powell rate warning taken in stride
Equities rose in Asia on Wednesday as traders took in their stride a warning from Federal Reserve boss Jerome Powell...
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Saudi Arabia, Turkiye strengthen collaboration in agriculture, water management
RIYADH, SAUDI ARABIA – The Kingdom's Minister of Environment, Water and Agriculture Eng. Abdurrahman bin Abdul Mohsen Al-Fadhli signed a...
Geostrategy
Turkey’s inflation surges to 62 percent in November
The latest batch of data show higher borrowing costs starting to slow down consumption -- a key goal of the...
Economy
Ready to work with developing nations for green future: China
Chinese Vice Premier Ding Xuexiang said his country has promoted the targets for carbon peak and carbon neutrality, adding that...
COP28 UAE
Most Read
Bitcoin soars past $40,000 on optimism for US trading approval
FTX, the world's second-biggest crypto exchange, dramatically went under last year, and its boss Sam Bankman-Fried faces up to 110...
- The digital asset has skyrocketed this year, gaining nearly 150 percent, with expectations growing that US regulators will allow the creation of exchange-traded funds
- The currency remains well below its record value of almost $69,000 in 2020, but the rally marks a recovery following the high-profile scandals and collapses that rocked the crypto
COP28 UAE
Net-zero targets must include fossil fuel ‘phase-out’: monitor
According to a new report from Net Zero Tracker, at least 150 countries have committed to a net-zero emissions target...
- The report looked at nations, cities and large companies committed to any kind of net-zero target
- African and European companies were relatively well represented in the phase-out plans
Economy
Innovations spur Qatar’s petrochemical sector growth
"A fair, safe, and sustainable transition to low-carbon energy is crucial for protecting the planet and fostering economic growth. Achieving...
- Qatar's petrochemical industry sees continuous growth since QAPCO's establishment.
- QatarEnergy and Chevron Phillips join hands to build two massive ethane cracking units.