Oil, gas, and renewables: How global policies and markets are reshaping energy in 2025
The Trump administration’s trade tariffs and withdrawal from the Paris Agreement pose major risks to global economic growth and energy...
Economy
Microsoft retires Skype, the online voice and video call pioneer
San Francisco, United States - Microsoft on Friday announced it was retiring Skype, the online voice and video call pioneer...
Science
YEARBOOK 2023
GCC cautious as more cyber attacks feared in 2023
Businesses in the region are working closely with their governments to get cloud security solutions implemented to reduce the success...
- Increased use of cloud-based apps and software has been observed in the GCC due to the businesses undergoing digital transformation
- Businesses in the region are working closely with their governments to get cloud security solutions implemented to reduce the success rates of phishing attempts
Geostrategy
US plans new Israel-Arab meeting, hopes for Netanyahu restraint
WASHINGTON, UNITED STATES - The United States plans a meeting early in 2023 between Israel and Arab nations that recognize it...
- Benjamin Netanyahu is set to take office with the most right-wing government in Israel's history.
- A senior US official said the United States plans a meeting "probably in the first quarter" of 2023 of foreign ministers from the Negev summit in March.
Economy
Qatar’s Industrial Production Index rises 2.5 percent in October
Doha, Qatar – Qatar’s Industrial Production Index (IPI) rose by 2.5 percent in October 2022, compared to the corresponding month...
- The manufacturing groups which registered a rise include chemicals and chemical products by 1.8 percent, beverages (1.4percent).
- In the electricity, gas, supply sector, a decrease of 3 percent was noticed in the production of electricity between October 2022 and September 2022.
Business
Nearly 2,000 business executives attend World Corporate Summit in Dubai
DUBAI, UAE - Nearly 2,000 global business executives and investors attended the World Corporate Summit in Dubai to share in...
- The business leaders were also building partnerships with over 100 roundtables, 20 networking sessions.
- The summit took a 360-degree view at ways to improve the world economy.
Economy
US lawmakers release $1.7 trillion spending bill to avert shutdown
WASHINGTON, UNITED STATES - US lawmakers early Tuesday released the text of a US$1.7 trillion funding bill which Congress hopes to...
- The bill includes $858 billion in defense funding and will also provide $44.9 billion in emergency assistance for Ukraine.
- It also includes $772.5 billion for non-defense discretionary programs, including $118.7 billion for Veterans Affairs medical care.
Geostrategy
Iran, EU diplomatic heads meet at Jordan summit
SWEIMEH, JORDAN - Iran's Foreign Minister Hossein Amir-Abdollahian met Tuesday with EU foreign policy chief Josep Borrell on the sidelines of...
- The meeting comes at a time when negotiations in Vienna aimed at reviving the 2015 Iran nuclear deal are stalled.
- EU foreign policy chief Josep Borrell tweeted that the meeting was "necessary... amidst deteriorating Iran-EU relations".
Economy
OPEC Fund approves over $500 million in new global development support
The 15 new projects approved reflect the OPEC Fund’s launch of a US$1 billion Food Security Action Plan and the...
- The 15 new projects approved reflect the OPEC Fund’s launch of a US$1 billion Food Security Action Plan and the adoption of its first Climate Action Plan earlier this year
- New engagements will support infrastructure development and investments to improve communities in the Fund’s partner countries around the world
Economy
MoHRE discusses ‘Emiratisation’ program with UAE recruitment agencies
Dubai, UAE--The Ministry of Human Resources and Emiratisation (MoHRE) has held a meeting with a number of recruitment agencies in...
- The meeting was held to implement the UAE resolution and avoid the penalties that will be imposed on companies that are not committed to achieving the required targets
- It discussed the benefits and support packages for establishments that comply with the legislation
Economy
World Bank cuts China growth forecasts on Covid woes, property crisis
In a statement, the World Bank slashed its forecast to 2.7 percent from 4.3 percent predicted in June. It also...
- After years of sudden lockdowns, mass testing, long quarantines and travel restrictions, China this month abruptly abandoned its zero-Covid policy
- Beijing has sought to mitigate low growth with a series of easing measures to provide support, slashing key interest rates and pumping cash into the banking system
Economy
Saudi Arabia, Azerbaijan ink 6 agreements, MoU
The agreements included the establishment of the Saudi-Azerbaijan Joint Business Council.
- The agreements included the establishment of the Saudi-Azerbaijan Joint Business Council
- The MoU was signed between the Saudi Fund for Development and the Azerbaijan Ministry of Economy
Oil, gas, and renewables: How global policies and markets are reshaping energy in 2025
The Trump administration’s trade tariffs and withdrawal from the Paris Agreement pose major risks to global economic growth and energy...
Economy
Company News
Latest News
Abu Dhabi IPO Fund looks to launch three IPOs by end of 2024
Abu Dhabi, UAE--Abu Dhabi IPO Fund (ADIPOF) is working on three initial offerings in the technology, hospitality, restaurants, and financial...
Business
UAE to invest $20-25 bn in cash-strapped Pakistan
Abu Dhabi, UAE - The UAE and Pakistan recently sealed a significant deal, potentially injecting between $20 to $25 billion...
Economy
Abha Valley has potential to be a tourist destination
ABHA, SAUDI ARABIA - Extending over 34 kilometers, the Abha Valley Basin enjoys a variety of wildlife aspects, civilizational features...
Business
Most Read
Climate change already reducing global GDP: report
Low- and middle-income countries have experienced a combined loss in capital and GDP totaling $21 trillion, about half of the...
- The report estimated that impacts from human-caused climate change cut 6.3 percent from global economic output last year, when weighted across populations
- "The world is trillions of dollars poorer because of climate change and most of that burden has fallen on poor countries," said lead author James Rising
Business
$128 billion in US company deals during Dubai Airshow: US Ambassador
Abu Dhabi, UAE - Martina A Strong, the US Ambassador to the UAE revealed on Monday that American companies secured...
- Martina A Strong underlined the UAE's significance as a market for American companies, highlighting the presence of over 1,500 American businesses
- The companies are drawn to the UAE's strategic location, its pro-business environment, and its gateway to burgeoning regional markets, she noted
Economy
UAE pioneers smart city, clean energy initiatives
"The country's strategies, such as the Energy Strategy 2050, aims at raising the share of clean energy in the total...
- The UAE leads in sustainable development and urban planning, emphasizing renewable energy, efficient buildings, and sustainable transportation for a greener future.
- The UAE's Energy Strategy 2050 aims for 50% clean energy, while Dubai's Clean Energy Strategy 2050 targets 75%, supported by solar parks and green funds.