Trump’s tariff threats stoke global fears, prompting retaliation warnings from allies and rivals
US President-elect Donald Trump's sweeping tariff plans target Canada, Mexico, and China, raising fears of a global trade war, with...
Xi, Biden in Peru for APEC summit, pre-Trump face-to-face
uncertainty over Trump's next moves now clouds the APEC agenda -- as it does for the COP29 climate talks underway...
Economy
FIFA president accuses Western World Cup critics of ‘hypocrisy’
Doha, Qatar— FIFA president Gianni Infantino hit back at criticism of Qatar's human rights record on Saturday, blasting the "hypocrisy"...
- Infantino was speaking at his opening press conference of the tournament in Doha
- Qatar officials say their country has been the target of "racism" and "double standards"
Business
FIFA World Cup 2022: Third floating hotel arrives at Doha port
MSC Opera will join MSC World Europa and MSC Poesia which arrived at Doha Port earlier, to offer a luxurious...
- MSC Opera will join MSC World Europa and MSC Poesia which arrived at Doha Port earlier, to offer a luxurious hospitality experience to fans of the FIFA World Cup Qatar 2022
- According to the estimates of the MSC Cruises Group, owner of the three floating hotels that will serve the tournament, the capacity of the three cruise ships is 10,000 beds
Economy
Climate damages are key flashpoint as UN COP talks go overtime
Sharm el Sheikh, Egypt—Climate negotiators were grappling for an agreement Saturday at the UN COP27 in Egypt after high stakes talks went...
- Wealthy nations, long reluctant to discuss the issue over fears of liability, have accepted that vulnerable nations are facing devastating impacts
- Delegates are looking to find agreement on emissions-cutting ambitions and reaffirm a goal to limit average warming to 1.5 degrees Celsius from pre-industrial levels
Economy
GCC, Bangladesh ink MoU to strengthen economic cooperation
The MoU was inked on the sidelines of the 18th edition of Manama Dialogue 2022.
- The MoU was inked on the sidelines of the 18th edition of Manama Dialogue 2022
- The GCC is a regional, intergovernmental, political, and economic union
Science
Indonesian Govt, 3 organizations to protect marine environment
ABU DHABI, UAE - The Indonesian Government, G42, a UAE-based AI and cloud computing company, a global nonprofit OceanX and...
- The project recognizes the importance of mapping of marine resources through advanced technologies to protect and preserve the ocean environment.
- The project intends to provide marine genomics applications by G42 Healthcare in support of OceanX’s social welfare mission.
Market Report
World stocks rally but oil prices tumble
Global main stock markets rallied as investors fished for bargain shares and shrugged off losses elsewhere, but oil prices fell...
- Asian equities experienced mixed fortunes Friday as cautious investors tried to gauge the outlook for Federal Reserve monetary policy.
- The week has been broadly positive for global equities following softer-than-expected US consumer and wholesale price figures.
Geostrategy
Second Russian fertilizer shipment should be for W. Africa, says UN
After a first shipment of Russian fertilizer blocked in European ports heads for Malawi next week, a second batch should...
- The first shipment of 20,000 metric tonnes of nitrogen phosphorus potassium is currently being loaded onto a vessel chartered by the UNWFP.
- There were around 300,000 tonnes of Russian fertilizer blocked in different European ports.
Geostrategy
ADFD takes part in foreign investors meet in Uzbekistan
ABU DHABI, UAE - Abu Dhabi Fund for Development (ADFD) participated in the first plenary session of the Council of...
- The discussions focused on fostering economic development in Uzbekistan by facilitating investment in various fields.
- Many development institutions and international financial organizations participated in the conference.
Business
EGA, ITOCHU sign agreement
They would set up UAE's largest aluminum recycling facility.
- EGA's relationship with ITOCHU stretches back to the 1980s, with the Japanese company marketing the UAE company's metal in Japan.
- The two companies will work in the development of new aluminum alloys with third parties for niche applications.
Geostrategy
UAE Minister discusses economic ties with Caribbean countries
ABU DHABI, UAE - UAE Minister of Economy Abdullah bin Touq Al Marri visited the Havana International Fair 2022 in...
- The visit was aimed at exploring opportunities for cooperation and establishing new economic partnerships between the UAE and Caribbean region.
- The UAE minister met several ministers from the Caribbean nations to discuss mechanisms to enhance economic and trade cooperation.
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Trump’s tariff threats stoke global fears, prompting retaliation warnings from allies and rivals
US President-elect Donald Trump's sweeping tariff plans target Canada, Mexico, and China, raising fears of a global trade war, with...
Company News
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stc buys stake in Telefónica
Business
Expat remittances in Saudi Arabia fall to $2.6bn in September
RIYADH, SAUDI ARABIA - Remittances by expatriates in Saudi Arabia dropped 13 percent year-on-year (YoY) to US$2.6 billion (SAR 9.9...
Economy
Saudi Arabia launches second phase of Visiting Investor Visa
RIYADH, SAUDI ARABIA – The Kingdom’s ministry of investment and ministry of foreign affairs launched the second phase of issuing...
Business
Diversification remains crucial for oil-rich nations
Combating climate change demands global collaboration and collective action, European Commissioner for Cohesion and Reforms Elisa Ferreira tells TRENDS in...
Interview
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Economy
Global trade at a crossroads as Gaza conflict intensifies
With Suez Canal's pivotal role in global commerce, any disruption may send shockwaves through markets worldwide, challenging the resilience of...
- With Suez Canal's pivotal role in global commerce, any disruption may send shockwaves through markets worldwide, challenging the resilience of international supply chains.
- The region's conflict may intensify the factors impeding trade growth, alongside other issues such as rising rates, crisis in China's realty market, and Russian-Ukrainian war.
Business
Qatar’s business conditions continue to improve in October
DOHA, QATAR – Qatar's non-energy private sector continued to experience improving business conditions at the start of the final quarter of...
- Output, new orders and employment all expanded in October, and the 12-month outlook remained upbeat.
- Profitability improved as firms raised their prices for goods and services at the fastest rate since February.
Business
FGCC Chambers to hold GCC-Egyptian Business Forum in Saudi Arabia
AL-KHOBAR, SAUDI ARABIA - The Federation of Egyptian Chambers of Commerce (FEDCOC) is scheduled to host the first Gulf-Egyptian Business...
- The forum will address the most important economic and commercial issues.
- Gulf and Egyptian officials and entrepreneurs are slated to attend the forum.