What is the gig economy and what’s the deal for gig workers?
The rise of the gig economy has led to significant shifts in employment, with workers increasingly balancing multiple income streams....
Advanced nuclear technologies and their role in the energy transition
New policies, public trust, and partnerships are crucial to accelerating these nuclear solutions. Platforms like the Forum’s Advanced Energy Solutions...
Market Report
Asian, European markets surge on interest rate hopes
Asian and European stocks rallied and the dollar dipped as weak US data sparked hopes the Federal Reserve could ease...
- Monetary tightening by Federal Reserve and other central banks has raised fears that it could plunge countries into recession.
- Eurozone manufacturing survey data showed a contraction on the back of the region's ongoing energy crisis.
Geostrategy
Lebanese man storms bank to demand money for son in Ukraine
Banks in the country, mired in an economic crisis for more than two years, partially reopened last week under strict...
- The armed pensioner, in his 50s, demanded access to the 24,000 dollars in frozen funds in his account.
- He was detained, his brother said, and it was unclear whether he had been able to release any of his savings.
Business
Multiply Group buys 80% of IEH
Firm aims to expand its utilities, energy investments.
- Multiply Group had recently invested US$2.7 billion in a 7.3 percent stake in the Abu Dhabi National Energy Company.
- Other investments include 100 percent ownership of PAL Cooling Holding, one of the top players in the UAE’s district cooling industry.
Economy
Saudi to host Asian Winter Games in NEOM megacity
"The deserts and mountains of Saudi Arabia will soon be a playground for winter sports," the Olympic Council of Asia...
- First announced in 2017, NEOM has consistently raised eyebrows for proposed flourishes like flying taxis and robot maids
- The Asian Winter Games are slated to take place in Trojena, an area of NEOM "where winter temperatures drop below zero celsius
Business
Why crypto’s big ‘merge’ is causing big headaches
Regulators have begun to pay attention, with US Securities and Exchange Commission Chairman Gary Gensler suggesting proof-of-stake looked like a...
- De Vries, whose Digiconomist website models the energy use of Bitcoin and Ethereum, said consumption had indeed plummeted by more than 99 percent on Ethereum
- Cryptocurrencies were envisaged as a decentralized alternative to the banks, corporations, and governments that failed so spectacularly during the global crash of 2008
Economy
Saudi Arabia, China sign agreement on air transport
The agreement was signed between the President of the Civil Aviation Authority of Saudi Arabia Abdulaziz bin Abdullah Al-Dialej and...
- The pact was signed between the Saudi Arabia’s President of the Civil Aviation Authority Saudi Arabia Abdulaziz bin Abdullah Al-Dialej and his Chinese counterpart
- It aims at increasing the number of air flights and stations and achieving further cooperation in the air transport sectors of the two countries.
Economy
OIC new mechanism to settle investment disputes
The OIC, a 57 member body, has been working on a mechanism for the investment dispute redressal among member states...
- The OIC, a 57 member body, has been working on a mechanism for the investment dispute redressal among member states for years now
- The four-day meeting in Casablanca is set to establish the permanent mechanism to encourage, protect and guarantee investment of member states
Economy
World Bank okays $400m project to help Egypt decarbonise freight railway
The project will support Egypt's integration into global value chains and its efforts to become a regional trading hub.
- The project will support Egypt's integration into global value chains and its efforts to become a regional trading hub
- It will significantly contribute to Egypt's 2050 Climate Change plan, given the expected reductions in greenhouse gas emissions
Business
Startups adopt new strategy to survive post pandemic
Post pandemic, startups, SMEs, and entrepreneurs must adopt a new mentality to scale their enterprises and survive, says Awfa Mustafa,...
- The classic challenges that startups face revolved around getting funds, managing cash flow and acquiring the necessary skills and talents.
- During and after the pandemic everyone went online all of a sudden and no one was prepared for this shift, even though many startups thought they would benefit from it.
Geostrategy
IEA urges Europe to reduce winter gas consumption
Europe must ramp down gas consumption to survive the winter given perilously low stocks amid fears of a total cut...
- The IEA warned of "unprecedented risks" of shortages unless demand is reined in, estimating cuts of nine percent are needed
- IEA said diversification had at least enabled gas stockage facilities to stand at almost 90 percent of capacity at the end of September
What is the gig economy and what’s the deal for gig workers?
The rise of the gig economy has led to significant shifts in employment, with workers increasingly balancing multiple income streams....
Company News
Latest News
Saudi Arabia launches bus transport project linking 200 cities
RIYADH, SAUDI ARABIA – The Kingdom’s Minister of Transport and Logistic Services Saleh bin Nasser Al-Jasser here launched a significant...
Business
Qatar’s Industrial Production Index falls 2.1 percent in Aug 2023
Qatar's Industrial Production index (IPI) reached 105.2 points in August 2023, a decline by 2.1 percent compared to the previous month (July...
Economy
Jordan, Egypt foster economic policy collaboration with new MoU
Amman, Jordan - Jordan and Egypt have signed an MoU to foster cooperation in economic and development policy formulation, as...
Economy
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Economy
‘Qatar prioritizes fiscal control to sustain growth’
"Factors such as robust fiscal discipline supported by strong oil prices, debt reduction efforts by the Ministry of Finance, and...
- Qatar readies for an energy transition, prioritizing savings for intergenerational equity and steering clear of pro-cyclical fiscal policies to ensure financial stability
- Robust fiscal discipline backed by strong oil prices, debt reduction efforts , and improved macroeconomic indicators lead to positive sovereign credit ratings for Qatar
Economy
UAE Minister Al Gergawi backs ‘curiosity’ and ‘equity’ at World Economic Forum
Dubai, United Arab Emirates – Considering opposing views, exchanging ideas and developing pathways for collaboration are essential to improving lives...
- UAE Minister of Cabinet Affairs Mohammad Abdullah Al Gergawi called for asking big questions to create a better future
- Panelists in the opening plenary made the case for connecting the dots across industries and disciplines
Security risks hit gas flow amidst Israel-Hamas row
Israeli decision to suspend gas supply from Tamar field due to security concerns affects energy and gas sector, resulting in...
- Israeli decision to suspend gas supply from Tamar field due to security concerns affects energy and gas sector, resulting in weekly losses of hundreds of millions of dollars
- Chevron shifts gas exports as Israeli government declares market emergency, while local supply maintained with power plants ready with alternative fuels for energy stability