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
Oil prices on the rise despite down week
Oil prices rose on Friday as markets weighed the threat of tariffs by U.S. President Donald Trump on Mexico and...
Economy
Abu Dhabi to host Green Hydrogen Summit in year of climate action for UAE
The summit is being held in partnership with the Hydrogen Council, Atlantic Council, International Renewable Energy Agency and Dii Desert...
- The summit is being held in partnership with the Hydrogen Council, Atlantic Council, International Renewable Energy Agency and Dii Desert Energy
- The summit will feature high-level discussions on the UAE hydrogen economy, the role of government and regulation, and panel sessions on sustainable finance
Economy
Egyptians fret over soaring food prices as economy slows down
Cairo, Egypt--Public anger has been growing for months in Egypt over a severe dollar crunch and soaring food prices. But for...
- Egypt's economy was hit hard after Russia's invasion of Ukraine last February unsettled global investors and led them to pull billions out of the North African country
- The country's economy has long been dominated by powerful state and military-led enterprises
YEARBOOK 2023
Major 2022 events that shaped world economies
TRENDS looks back at the events that grabbed attention worldwide. From Russia-Ukraine war to Saudi summits to Argentina's marvelous World-cup...
- The year 2022 is over. Yet 2023 offers a unique opportunity to reflect on the previous year with hope and optimism
- TRENDS looks back at the events that grabbed attention worldwide. From Russia-Ukraine war to Saudi summits to Argentina's marvelous World-cup victory, 2022 had seen it all
Tunisia unveils economic plan betting heavily on private investment
Tunisian authorities are hoping to secure a nearly $2-billion bailout from the International Monetary Fund they hope will unlock other...
- The cash-strapped North African country is battling 10 percent inflation alongside slow growth
- The 2023-2025 plan "puts forward a new model of development" to reset Tunisia's economy and battle poverty
Business
Sustainability key for next-gen data center models
At present, the data center industry as a whole uses approximately 150 billion kilowatt-hours of electricity annually, which is about...
- At present, the data center industry as a whole uses approximately 150 billion kilowatt-hours of electricity annually, which is about 3 percent of the world’s electricity usage
- Data centers must operate as efficiently and sustainably as possible to eliminate any potential harm to the environment.
Business
Ducab partners with Vestas
Ducab's supplying medium voltage and earthing cable.
- Ducab Group is one of the UAE’s largest industrial manufacturing businesses.
- The move reinforces the strong industrial partnership between the UAE and Egypt.
Economy
Sharjah EC discusses impact of commercial boards on urban appearance
SHARJAH, UAE - The Sharjah Executive Council (SEC) discussed on Tuesday a report on commercial boards made for economic institutions...
- The discussion covered a range of general government issues that would strengthen various sectors in Sharjah and their legal frameworks.
- Issues that advance public services and which would increase the competitiveness of the Emirate of Sharjah were also discussed in the meeting.
Economy
Iraq’s oil revenues in 2022 hit four-year high of $115 billion
These revenues follow a spike in prices following Russia's invasion of Ukraine in February 2022, and OPEC producers' subsequent reluctance...
- Oil production accounts for some 90 percent of Baghdad's income, and the country is the second largest producer within the Organization of the Petroleum Exporting Countries (OPEC).
- The country exported more than 1.2 billion barrels in 2022, averaging 3.3 million barrels per day, according to the statement.
Business
Expo Centre Sharjah all set for SteelFab2023
SHARJAH, UAE - Expo Centre Sharjah (ECS) has announced the completion of all preparations for the 18th edition of the...
- The event is being organized by Expo Centre Sharjah with the support of the Sharjah Chamber of Commerce and Industry.
- Two hundred exhibitors have confirmed their participation representing elite local and international players in the metalworks industry.
Turkey’s inflation rate slows sharply to 64.3%
Analysts attribute the sharp slowdown to the so-called base effect, which makes year-on-year price increases look smaller when compared to...
- Consumer prices rose by 64.3 percent in December compared to an 84.4-percent year-on-year increase in November
- Turkey's economy has been going through convulsions since Erdogan tried to fight inflation by bringing down borrowing costs
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
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
Company News
Latest News
Mumtalakat, Investcorp ink pact
The firms have jointly launched a climate investment platform.
Business
Astra Tech to launch financial services powered by AI in 2024, says CEO
ABU DHABI, UAE - CEO and Co-Founder of Astra Tech Abdallah Abu-Sheikh said that the company will launch its first...
Business
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...
Economy
Most Read
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.
Business
Tech titan Microsoft wins observer seat at OpenAI
SAN FRANCISCO, US - Microsoft, the tech titan that has invested billions of dollars in ChatGPT creator OpenAI, has been given...
- The nomination was shared in a memo to OpenAI staff that was later posted to the company's blog.
- Microsoft will join former US Treasury Secretary and political power broker Larry Summers, who was added last week.
Business
CBUAE, Islamic finance organizations discuss sustainable practices
ABU DHABI, UAE - The Central Bank of the United Arab Emirates (CBUAE) hosted several events with Islamic finance infrastructure...
- Participants in the events included officials and experts from international organizations, financial institutions and Islamic financial bodies.
- They aimed to support and advance sustainable Islamic finance while expanding the reach of sustainable finance globally.