US trading partners hit back on steel, aluminum tariffs
The steep 25-percent levies came into place after midnight with no exemptions despite countries' efforts to avert them, in a...
Geostrategy
Tech and sustainability drive Singapore’s smart tourism vision
To realize its vision for “smart tourism”, Singapore Tourism Board is leveraging cutting-edge technologies like artificial intelligence, data analytics, and...
Interview
Economy
Qatar first on FDI Standouts Watchlist 2023: FDi Intelligence
Doha, Qatar-- Qatar ranks first among the world’s top destinations for foreign direct investment (FDI), owing to its strong economic...
- "FDI Standouts Watchlist 2023" by fDi Intelligence analyzes the macroeconomic and foreign direct investment (FDI) trajectory of the world’s top 50 FDI destinations.
- In 2022, the top sectors for FDI projects were Oil and Gas, financial services, and software and IT services, according to the report.
US regulators warn banks over crypto risks
The joint statement comes after the sudden collapse of cryptocurrency platform FTX - worth $32 billion before it filed for...
- Banking organizations should be aware of risks such as fraud and scams, along with inaccurate or misleading disclosures, the agencies said.
- The watchdogs said they continue to take a "careful and cautious approach" with crypto activities and exposure at banking organizations
Japan’s PM to meet Biden in Washington, visit other G7 allies
The two leaders are expected to discuss regional security challenges, including North Korea and China, as well as Russia's invasion...
- Japan is assuming the presidency of the G7 grouping and Kishida said he also plans to visit members France, Italy, Canada and Britain this month
- Kishida will host the G7 leaders summit in Hiroshima in May and wants to put achieving a world free of nuclear weapons on the international agenda
Economy
In Iraq, graft helps push property prices out of reach
Baghdad, Iraq---Iraqi telecommunications worker Youssef Ahmed is married with a five-year-old son, but lives with his parents because he is unable...
- Many investors preferred to purchase property in the autonomous Kurdish areas of the country's north, or even in neighbouring Turkey.
- The government recently announced ambitions to build low-cost housing for Iraq's poorest citizens, with around 1m Baghdad residents estimated to live in informal settlements.
Economy
Jordanian expats in Qatar sent home $440m in 2022
According to data recently released by the CBJ, Jordanian expatriates' remittances in the first ten months of 2022 increased by...
- According to data recently released by the CBJ, Jordanian expatriates' remittances in the first ten months of 2022 increased by 0.6 percent
- The Qatari exchangers said that remittances by Jordanian expatriates in 2022 may be the highest in several years
Economy
Two World Bank entities provide US$75bn in financing last year
Washington, United States--Two World Bank entities provided a record $75 billion in financing last year, said a letter by its president,...
- The aid comes as countries emerging from the Covid-19 pandemic were hit by fallout from war in Ukraine and surging inflation, while climate change brought further devastation
- The World Bank delivered $31.7 billion in climate finance last year and channeled another $18 billion towards Ukraine since the start of the war
Science
Qatar recycles 80% of waste collected during World Cup
Doha, Qatar-- Qatar has recycled some 80 percent of waste collected from stadiums during the FIFA World Cup games. According...
- Nearly 54 percent of the waste has been converted into compost, 22 percent into plastic, 14 percent into paper and cardboard, and 8 percent into glass
- She said the climate change issues and the optimal utilization of natural resources are among the top priorities of the Sustainability Department at the SC
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
US trading partners hit back on steel, aluminum tariffs
The steep 25-percent levies came into place after midnight with no exemptions despite countries' efforts to avert them, in a...
Geostrategy
Company News
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Riyad Bank Saudi PMI down to 57.5 points in November
Riyadh, Saudi Arabia -- The seasonally adjusted Riyad Bank Saudi Arabia Purchasing Manager's Index (PMI), formerly S&P Global Saudi Arabia PMI,...
Business
Global Fund to allot 70% of its funding to countries hit by climate change
Dubai, UAE--The Global Fund to Fight AIDS, Tuberculosis and Malaria (Global Fund) announced at COP28 that more than 70% of...
COP28 UAE
Putin to visit UAE, Saudi Arabia for talks amid OPEC output cuts
Russian President Vladimir Putin, according to his aide Yuriy Ushakov, will first arrive in the UAE this week and then...
Geostrategy
Most Read
Business
Gold strikes fresh record high as rate cut bets surge
Hong Kong, China - Gold prices soared to a record high above $2,100 on Monday as traders grow increasingly confident the...
- The precious metal struck $2,135.39 in early Asian trade, topping the previous all-time high set in 2020, during the pandemic
- Bets on a drop in rates have weighed on the dollar, which has in turn made gold cheaper for international buyers
COP28 UAE
$272 billion sustainable finance pledge by UAE financial sector at COP28
Abu Dhabi, UAE -- The financial sector of the United Arab Emirates commits to mobilizing more than AED 1 trillion...
- The commitment to mobilize AED 1 trillion was made by the UAE Banks Federation at an event held on Finance Day at COP28.
- Financial sector's engagement is critical to realize our collective climate ambitions, ensuring that the 1.5°C target remains within reach, said COP28 President Sultan Al Jaber.
Geostrategy
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...
- Saudi Arabia and Turkiye expressed their commitment to prepare the agricultural sector in both the countries for climate change.
- The MoU aims to strengthen cooperation and enhance production capabilities in the domains of agriculture, livestock and water management.