WEF25: Saudi delegation calls for nations to put “greater good” first
The international community must prioritize cooperation and dialogue to overcome the challenges of a fragmented world, the Saudi delegation to...
Economy
UAE leads solar energy growth with strategic projects
Abu Dhabi, UAE - A new report highlighted the UAE's leadership in the regional solar energy sector, driven by initiatives...
Economy
Sponge cities an answer to Gulf water woes
China, Singapore and Hong Kong are planning to convert 80 percent of their cities into sponge areas by 2030 for...
- A sponge city is a nature-based solution that uses the landscape to retain water at its source, slow down water flow and clean it throughout the process
- According to specialized construction reports, China was one of the first countries to resort to this technology, followed by Singapore and Hong Kong
Business
Jordanian-Bahraini business forum explores investment opportunities
AMMAN, JORDAN - The Jordan Chamber of Industry (JCI) organized the Jordanian-Bahraini Business Forum in Bahrain's capital, Manama, to increase...
- The Jordan Chamber of Industry stressed on the role of the private sector as a driver of the economy.
- The JCI described the level of trade between Jordan and Bahrain as "below aspirations," amounting to less than US$300 million.
Economy
ADJA delivers training program on drafting contracts, legal memos
ABU DHABI, UAE - The Abu Dhabi Judicial Academy (ADJA) has conducted a specialized training program on drafting and writing...
- This was done to develop the skills and competencies of practitioners engaged in the legal profession.
- The program will help the professionals to improve the quality of their service.
Economy
Oil prices rebound after opening the year down over 9%
Brent crude futures gained 59 cents to $78.43 a barrel, while US West Texas Intermediate crude futures rose 69 cents...
- Brent crude futures gained 59 cents to $78.43 a barrel, while US West Texas Intermediate crude futures rose 69 cents to $73.53 a barrel
- Over the previous two sessions, Brent and WTI's declines of more than 9 percent were the biggest two-day losses at the start of a year since January 1991
Economy
Sharjah lists 4 categories eligible for retirement
The first category, which currently consists of 51 individuals, is for those who have reached the legal retirement age.
- The first category, which currently consists of 51 individuals, is for those who have reached the legal retirement age
- The second category is those who have sufficient funds set aside in the Sharjah Social Security Fund
Economy
Amazon CEO says 18,000 jobs to be cut from workforce
Washington, United States--Amazon announced Wednesday it will cut more than 18,000 jobs from its workforce, citing "the uncertain economy" and the...
- The CEO Andy Jassy said the company's leadership was "deeply aware that these role eliminations are difficult for people, and we don’t take these decisions lightly
- She said some of the layoffs would be in Europe, adding that the impacted workers would be informed starting on January 18
Japan tuna price soars past $270,000 at New Year auction
Michelin-starred sushi restaurant Onodera Group and Japanese wholesaler Yamayuki forked out 36.04 million yen ($273,000) for the 212-kilo bluefin tuna...
- The New Year auction is highly anticipated, and securing the top-priced tuna offers bidders bragging rights
- For years, the top bid came from self-proclaimed "Tuna King" Kiyoshi Kimura, who paid a record $3.1 million in 2019
Economy
Yemeni Govt, IsDB, SPDRY launch economic empowerment program in Yemen
The agreement aims to establish a general framework for activating development in Yemen and addressing challenges related to agricultural production...
- The agreement aims to establish a general framework for activating development in Yemen and addressing challenges related to agricultural production chains
- The program's three main pillars include financing e-commerce solutions, providing consultations to develop value chains and technical skills for SMEs
Economy
Businesses in Qatar post growth in December due to World Cup
Doha, Qatar-- Business activity in Qatar has accelerated in December as the FIFA World Cup went on through the month....
- Wholesale, retail, and service providers in particular registered rapid expansions in activity
- The Qatar Financial Centre PMI is compiled by S&P Global from responses to questionnaires sent to purchasing managers in a panel of around 450 private sector companies
Economy
500,000 clients in Saudi Arabia use e-notarization of social cases in 2022
The Saudi Notarization Law has transferred a number of such jurisdictions from courts to the notarial e-system.
- The Saudi Notarization law has transferred a number of such jurisdictions from courts to the notarial e-system
- E-notarization provides several services that dispense with paperwork and spare clients the need to visit notarial offices
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WEF25: Saudi delegation calls for nations to put “greater good” first
The international community must prioritize cooperation and dialogue to overcome the challenges of a fragmented world, the Saudi delegation to...
Economy
Company News
Latest News
Saudi Arabia, Russia extend voluntary oil cuts until March 2024
Saudi Arabia will extend its voluntary cut of 1 million barrels per day. The latest Saudi cut is in addition...
Economy
Fed’s inflation gauge slows in October as energy, goods prices drop
Washington, United States - A key inflation measure used by the US Federal Reserve to set interest rates eased further last...
Economy
MoHRE asks over 12,000 private firms to meet Emiratization targets
DUBAI, UAE – The Ministry of Human Resources and Emiratization (MoHRE) has notified over 12,000 private companies with 20-49 workers...
Geostrategy
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Economy
UAE and Cuba look to boost economic, energy ties
The discussions between the UAE president and the Cuban president at Expo City Dubai focused on cooperation in various fields...
- The meeting also covered the UN Climate Change Conference (COP28), starting today at Expo City Dubai
- The two leaders exchanged views on regional and international developments and a number of other issues
Opinion
Time to transform climate commitments into action
"At COP28, governments need to focus on two timeframes: an immediate surge in climate action and a springboard for the...
- The climate crisis escalates, demanding bold action at COP28 in Dubai, says UN Climate Change Executive Secretary Simon Stiell.
- Developing nations require substantial financial support for climate resilience and renewable energy initiatives, he adds.
Economy
Oil prices inch up on mixed day for US stocks
World stock markets have made robust gains in recent weeks on hopes that the US central bank had finished with...
- Fed Governor Christopher Waller said he was "encouraged" by recent progress on the economy
- Market analysts say the gain came "as expectations build on the prospect of another output cut"