Global markets rode AI, interest rate roller coaster in 2024
Paris, France - Despite political upheavals, stock markets and bitcoin smashed records in 2024, fuelled by investor enthusiasm for Artificial Intelligence (AI),...
Economy
Cybersecurity in 2024: From talent shortages to resilience against emerging tech risks
In 2024, cybersecurity remained central, addressing skill gaps and the impact of generative AI. A Strategic Cybersecurity Talent Framework offered...
Economy
Gulf nations add momentum to Asianization of global economy
Following the US withdrawal from Afghanistan, many experts believe that Washington is shifting its attention and resources to the "priority...
- The Gulf countries rely heavily on assistance from Asia, particularly China, to modernise their economies and diversify away from oil
- GCC's position in supporting Russia in its conflict with Ukraine, Europe, and the US, have raised many problems, but nowhere more so than in Asia
Economy
UAE Minister highlights youth’s role in sustainable food systems
DUBAI, UAE - UAE Minister of Climate Change and the Environment Mariam bint Mohammed Almheiri participated in the World Food...
- The Minister held meetings with several high-level FAO officials on the UAE’s contribution in tackling global food and nutrition insecurity.
- The event drew governments, youth champions, global influencers and non-profit organizations to support youth-led transformation of agrifood systems.
Economy
DIEZ cooperates with DP World to support career initiative Tumoohi
Dubai, UAE---Dubai Integrated Economic Zones Authority (DIEZ) will collaborate with DP World to support the Tumoohi Initiative, a training program...
- Under the agreement, DIEZ will give participants an an opportunity to gain professional and practical experience and learn about best practices and global standards.
- Participants will be able to work with DIEZ, along with companies registered in the Dubai Airport Freezone (DAFZ) and Dubai Silicon Oasis.
Economy
Saudi Crown Prince launches program to make KSA investment hub
Saudi Crown Prince, Prime Minister and Chairman of the Council for Economic and Development Affairs Prince Mohammed bin Salman bin...
- GSCRI will help enable investors to benefit from the Kingdom's resources, capabilities and support and develop these value chains.
- It will also build successful investments, which will give greater flexibility to economies, businesses and consumers around the world.
Geostrategy
Jordan to host 2022 OSCE Mediterranean Conference
AMMAN, JORDAN - Jordan will Monday host the 2022 Organization for Security and Co-operation in Europe (OSCE) Mediterranean Conference, organized...
- The two-day meeting in the Dead Sea region will bring together representatives from 57 OSCE countries and six Mediterranean countries.
- These countries will discuss advancing security and cooperation in the region through dialogue with the OSCE Mediterranean Partners for Cooperation.
Business
S. Korea, Arab nations to hold new round of FTA talks
SEOUL, S. KOREA - South Korea and a group of Arab countries will hold another round of negotiations for their...
- South Korea and the Gulf Cooperation Council (GCC) will begin the sixth round of official talks for a bilateral free trade agreement.
- Goods and services trading, country of origin, digital trade and intellectual property rights will be discussed.
Economy
Growing ‘Davos in the Desert’ a sign of Saudi clout
The Future Investment Initiative (FII) was launched in 2017 as an economic coming-out party for the world's largest crude exporter,...
- This year's FII, often referred to as "Davos in the Desert", comes after a months-long process of re-engagement with the West by Prince Mohammed
- This year, however, US officials were not invited, something Attias said reflected a broader push to keep the focus on business leaders rather than politicians
Economy
Visits, talks boost GCC-Asia trade ties
Traditionally, GCC trade was focused on the West. However, now it is moving to the East. This eastward shift is...
- China sees the Gulf countries as natural partners in implementing its Belt and Road initiative
- Relying on Asia is a positive strategy that exposes GCC economies to strong countries like China, India, and others
Business
‘Exhibitions important platform to market Jordanian products’
At least 11 Jordanian food processing companies took part in the SIAL Paris 2022 trade show, the Jordan Exporters Association...
- Representatives of the Jordanian companies described their participation in SIAL Paris 2022 as successful and important.
- The event helped in promoting the Kingdom's products and opening new markets for Jordanian goods.
Science
Shamma bint Sultan calls for collaboration on climate change
Executive Director of the UAE Independent Climate Change Accelerators (UICCA) Sheikha Shamma bint Sultan bin Khalifa Al Nahyan highlighted the...
- Sheikha Shamma made the comments at the keynote address at the inaugural London Climate Technology Show.
- She called for greater innovation and collaboration between nations to identify and execute solutions that would drive positive impact.
Global markets rode AI, interest rate roller coaster in 2024
Paris, France - Despite political upheavals, stock markets and bitcoin smashed records in 2024, fuelled by investor enthusiasm for Artificial Intelligence (AI),...
Economy
Company News
NEOM to set up education, research and innovation center
Arts & Culture
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Capital flows to emerging markets facing short-term headwinds: QNB
Doha, Qatar--Qatar National Bank (QNB) said that the global macro trends are starting to present short-term challenges to emerging markets...
Economy
Tech development must be ethical, inclusive: Scientist
Interdisciplinary discussions can help in guiding ethical tech development for the greater good, Karen Hallberg of Argentina's Bariloche Atomic Centre...
Economy
Middle East conflict may disrupt global trade routes
Recent developments spark concerns that the conflict, which is spreading across the region, presents a long-term threat to global energy...
Geostrategy
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Economy
Air passengers with disabilities need special assistance
"However, the actual needs of the traveler might differ. They might simply need help navigating crowded airports, have difficulty with...
- Linda Ristagno, IATA’s Assistant Director for External Affairs, emphasizes the need for tailored special assistance
- 80% satisfaction rate among passengers using special assistance, according to IATA's 2023 Global Passenger Survey
Business
GFH Capital mulls listing on Saudi market, says CEO
RIYADH, SAUDI ARABIA - GFH Capital is considering the offering of its unit in Saudi Arabia on the Tadawul. GFH...
- The group is listed on the stock exchanges of Bahrain, Dubai, Abu Dhabi and Kuwait.
- The group is continuing with fulfilling the regulatory requirements prior to listing.
Economy
Saudi Arabia’s economy exceeds US$1trn mark
RIYADH, SAUDI ARABIA – The gross domestic product of the Kingdom exceeded US$1 trillion which displays strong progress towards meeting...
- This positive outcome is attributed to strong investment from the private and public sectors,
- Non-oil revenue growth, ongoing diversification, and economic resilience efforts has also helped.