Dubai leads MENA region in urban mobility readiness

• The emirate ranked 28th globally in the 2023 Urban Mobility Readiness Index, a testament to its efforts in creating a sustainable, future-ready transportation ecosystem.
• Abu Dhabi climbs to 38th position, and Riyadh to 53rd in the Index, showcasing GCC's focus on sustainable urban mobility despite challenges faced by the region.

Saudi Arabia tops MENA in venture capital investment in 2023

Saudi Arabia, Belarus ink MoU to boost trade, investment

• Under the pact, the two parties will exchange information related to trade, business environment, investment, production and export opportunities.
• The two parties will organize joint research activities pertaining to marketing to enhance trade prospects and explore ways of improved cooperation.

Dubai SME joins hands with CXDA to attract investment

• The strategic partnership with Dubai SME outlines a comprehensive roadmap.
• This will introduce AI for equipping SMEs with innovative financial solutions.

Saudi Exchange launches TASI50 Index tracking top 50 companies by market capitalization

• The companies have a minimum annual traded value ratio (ATVR) of 5%, ensuring that the index tracks the largest companies in the market
• The index is an important tool for both individual and institutional investors, providing an overview of market performance in real time

Japan quake death toll jumps to 161, 103 missing

• The rescue work is being complicated by roads cut off by the quake and landslides.
• Around 20,700 households in the wider Ishikawa region remain without electricity

Utilizing AI is only possible if skill gap is bridged, says expert

• As the rate of AI adoption increases, humans are essential to guiding the technology’s implementation and usage of these technologies.
• Executives estimate that up to 40 percent of their workforce may need to reskill as a result of implementing AI or automation over the next three years.

UK announces Europe’s first high-tech uranium fuel plant

• UK government said it would invest $382 million building a high-assay low-enriched uranium programme that would help "displace" Moscow from global energy mar
• The British investment is part of plans to deliver up to 24 gigawatts of electricity from nuclear power by 2050, a quarter of the United Kingdom's electricity needs

Qatar rises as a premier sports tourism destination

• Qatar has emerged as a top sports tourism destination with advanced infrastructure and facilities.
• The Gulf country boasts its successful hosting of FIFA World Cup 2022, voted the best this century.

Qatar National Bank forecasts world economic growth to be 2.9% in 2024

• QNB said that its view is more bullish than others as the bank believes the global economy to expand by 2.9 percent roughly the same rate as last year
• It believes the US economy would slow down as the US fiscal thrust is set to decelerate from a positive 1.9 percent in 2023 to a negative 1.4 percent in 2024