Risks are interconnected, need collaborative solutions, says WEF’s Mark Elsner
Davos, Switzerland – Mark Elsner, Head, Global Risks Initiative, World Economic Forum sat with TRENDS during WEF’s summit in Davos...
World Economic Forum
Readying for jobs of tomorrow: WEF’s Till Leopold stresses upskilling
Davos, Switzerland -- In the next five years, millions of jobs will be created. Governments, employers, and education institutions, therefore,...
World Economic Forum
Economy
Transport employees in Tunisia stop work citing late salary
TUNIS, TUNISIA - Tram and bus workers in the Tunisian capital staged a strike over delays in salaries and the lack...
- The strike is the latest in a string of similar actions as Tunisia grapples with a grinding economic crisis
- The North African nation is struggling with debts of more than 100 percent of gross domestic product
Business
Regional maritime sector event to be held in the UAE
DUBAI, UAE - Seatrade Maritime Logistics Middle East (SMLME) is set to take place from May 16 to 18 2023,...
- The region’s maritime sector will come together and discuss a wide range of topics concerning the industry's future.
- The event’s relevance to the sector and its potential impact on the region’s economy has helped it gain the support of major industry players.
Science
Abu Dhabi introduces Mobile BSL-3 Laboratory
ABU DHABI, UAE - Abu Dhabi Public Health Center (ADPHC) has introduced the first of its kind mobile BSL-3 (Biosafety...
- The BSL-3 mobile laboratory will enhance the UAE capital's infectious disease preparedness through swift, safe and accurate testing of communicable diseases.
- The mobile laboratory will be accessible across four sites in Abu Dhabi.
Economy
UAE and Azerbaijan pledge to enhance ties ‘across all fields’
Abu Dhabi, UAE-- The UAE and Azerbaijan have reviewed bilateral relations between the two countries and pledged to deepen ties...
- The two top diplomats reviewed prospects for cooperation between the two countries in a number of sectors
- Bayramov stressed the depth of the UAE-Azerbaijan relations and his country's aspiration to enhance and develop joint cooperation with the UAE at all levels
Economy
Canada’s ban on foreign homebuyers comes into effect
Many experts have also said the ban on foreign buyers -- who accounted for less than five percent of home...
- Several exceptions in the act allow individuals such as refugees and permanent residents who are not citizens to buy homes
- Canada Mortgage and Housing Corporation -- the national housing agency -- said in a June report that close to 19 million housing units will be needed by 2030
Economy
More than 45,000 migrants made Channel crossing to UK last year
Migrant issue has become a huge political problem for the Conservative government, which has promised to bring down illegal immigration...
- In total, 45,756 people made the dangerous small-boat crossing of one of the world's busiest shipping lanes last year, compared with 28,526 in 2021
- The last year also saw the highest ever single-day total of migrants making the crossing, with 1,295 making the journey on August 22
Economy
Qatar Financial Centre manages assets worth US$28.3bn: CEO
Doha, Qatar-- Qatar Financial Centre (QFC) is managing assets worth $28.3 billion and has more than 1,500 local and global...
- Al Jaida said that QFC has accelerated the growth of its works in alignment with the evolution of the Qatari economy which became diverse and dynamic
- He noted Qatar's efforts are currently focused on building a sustainable, modern and responsive economic system that contributes to enhancing economic diversification
YEARBOOK 2023
Qatar’s economy remains strong despite global crises
The year 2022 was crowned with excellent ratings for the Qatari economy, as the S&P's credit rating agency raised the...
- Powerful ratings, despite the fluctuations and crises witnessed by the global economy in recent years, the solidity of the Qatari economy has been confirmed by rating agencies
- Despite global crises, the Qatari economy recorded strong performance rates on most macroeconomic indicators, and looks forward to consolidate its leadership this year
Economy
Over 2m riders used public, shared transport during New Year’s Eve in Dubai
DUBAI, UAE - Dubai’s Roads and Transport Authority (RTA) confirmed that 2,166,821 riders used its public transport, shared mobility means...
- The figure reflects a 33 percent rise from last year’s number, which was 1,632,552 riders.
- The breakdown of ridership for metro and tram were: Metro: 958,161 riders (compared to 640,175 last year), Tram: 49,855 riders (34,672 last year).
Geostrategy
Two dead, 200 rescued in Lebanon migrant boat sinking: army
On Twitter, UNIFIL confirmed it was assisting the Lebanese Navy "in search and rescue operation at sea between Beirut &...
- Men, women and children -- mostly refugees from Syria but also about 50 Lebanese -- were on board the vessel when it got into difficulty
- Earlier, the army said a naval patrol had been dispatched to rescue the vessel packed with people attempting to "illegally leave Lebanese waters"
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
Risks are interconnected, need collaborative solutions, says WEF’s Mark Elsner
Davos, Switzerland – Mark Elsner, Head, Global Risks Initiative, World Economic Forum sat with TRENDS during WEF’s summit in Davos...
World Economic Forum
Company News
Latest News
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...
Business
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
Most Read
Geostrategy
Debt Settlement Fund waives default loans worth over US$107m in UAE
DUBAI, UAE - The Citizens Debts Settlement Fund announced the exemption of 1,244 citizens from their debts with a total...
- The settlement of debts is subject to specific and strict laws and standards regarding the quality of loans and their areas of expenditure.
- Officials of banks, financial institutions and national companies expressed their pleasure and pride in taking part in this national initiative.
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.