WTO agri reforms key to global food and climate goals
"Australia maintains that global food security, climate, and biodiversity targets are unattainable without progress in agricultural trade reform, including the...
Economy
Israel minister says Arab trade ties unfazed by Gaza war
In January, Israel's cabinet approved an additional 55 billion shekels ($15 billion) to meet the cost of the war, while...
Economy
Iran plans to double exports to neighboring countries in four years
Iran plans to double exports to regional countries within the four-year term of President Ebrahim Raisi, though the target is...
- The target is achievable even within the next two years and a half, said Deputy Foreign Minister for Economic Diplomacy Affairs Mehdi Safari.
- Iran’s exports to Uzbekistan have grown from $120 million to $500 million during the past two months
Economy
Stocks dip in Asia ahead of US inflation figures
Traders were awaiting the latest US consumer price data, set for release Friday, which is expected to show inflation climbing...
- Traders were awaiting the latest US consumer price data, set for release Friday, which is expected to show inflation climbing higher last month
- And next week's Federal Reserve meeting might offer clues as to the pace of tapering and interest rate increases
Economy
Sweden to support Gaza early recovery program through UNDP
The Gaza Early Recovery Program aims to restore access to essential services, decent livelihoods for the Gaza population.
- The Gaza Early Recovery Program aims to restore access to essential services, decent livelihoods for the Gaza population
- The program will also prioritize women-headed households and persons with disabilities and provide them with cash assistance to address their accommodation needs
Business
Saudi Arabia, Bahrain review ways to boost ties
The two countries are seeking to establish a regional complex for the extraction, use, and storage of carbon.
- The two sides agreed to enhance cooperation on international climate policies
- They will also look to focus on emissions rather than sources through the application of the Circular Carbon Economy approach
Economy
Lebanon currency nosedives after central bank move
Some observers predict the Lebanese pound could drop to a rate of 40,000 against the dollar or worse in the...
- Depositors will now be allowed to withdraw limited amounts of their dollar deposits in Lebanese pounds at double the previous rate
- Black market value of the pound has started slipping back towards last month's record of 25,700 to the dollar
Economy
Gates visits Dubai Expo, urges attainment of Sustainable Development Goals
During the tour, Gates was briefed on the ‘Ideabatic’, a low-cost innovation developed by Kitty Liao of the UK.
- During the tour, Gates was briefed on the ‘Ideabatic’, a low-cost innovation developed by Kitty Liao of the UK
- Gates urged the world to speed up the implementation of its commitments to the Sustainable Development Goals 2030
Economy
UAE’s curtailed working week rule welcomed
UAE is the first country in the world to offer a national work week that is shorter than the five-day...
- Government entities will have 7:30am-3:30pm workdays from Monday to Thursday, while working hours in the private sector may last till after 5pm.
- The new system will allow federal authorities to use flexible working hours and the remote work system on Fridays.
Opinion
Gulf boardrooms still a man’s world
Female representation on boards and at higher levels across the Gulf is trailing behind much of the rest of the...
- Research from McKinsey & Company shows that organizations with greater diversity among their executive teams enjoyed both greater profits and longer-term value.
- McKinsey’s research also found that companies with low rates of both gender and racial diversity are 29 percent more likely to make less money.
Business
UAE biggest trading partner of Australia, relations between two growing
The UAE is Australia’s largest trading partner and the second-largest source of investment in the Middle East, said Justin McGowan,...
- Annual trade between the two countries is valued approximately at AU$9.8 billion ($7.1 billion).
- More than 250 Australian companies are based in the UAE, said Justin McGowan, Commissioner General of Australia at Expo 2020 Dubai.
Economy
Qatar and Turkey to extend currency swap deal between their central banks
Qatar and Turkey have announced they agreed to extend a currency swap deal between their central banks, as Ankara’s lira...
- The swap deal came during Turkish President Recep Tayyip Erdogan’s visit to Doha.
- The agreement in 2018 was extended for the first time in May 2020, with the overall limit increased from $5 bn equivalent of Turkish lira and Qatari riyal to $15 bn.
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WTO agri reforms key to global food and climate goals
"Australia maintains that global food security, climate, and biodiversity targets are unattainable without progress in agricultural trade reform, including the...
Economy
Company News
Latest News
Bank of Sharjah to boost capital
Business
Sweltering heat leaves Gulf residents at risk during noon
DUBAI, UAE- As much of the world swelters in record temperatures, spare a thought for Issam Genedi, who ekes out a...
Arts & Culture
Tunisia protestors demand jailed opposition figures be freed
Around 100 protesters rallied in Tunisia's capital to demand freedom for detained critics of President Kais Saied who has ruled...
Geostrategy
Pressure on Beijing to unveil stimulus measures as exports tumble
Customs spokesman Lyu Daliang also pointed to outside forces having a "direct impact" on Chinese trade, with Beijing engaged in...
Business
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Business
DEWA given Net-Zero statement of verification for work on climate change
DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) has received the net-zero statement of verification and assurance certificate in...
- This followed a comprehensive assessment conducted by W3 Solutionz - US based on the International Workshop Agreement Guidelines IWA 42:2022.
- The Net Zero Guidelines were commissioned by Our 2050 World, a global collaboration to accelerate action towards net zero through standards.
Economy
SCA and UBF sign MoU to strengthen UAE’s asset management industry
Abu Dhabi, UAE--The Securities and Commodities Authority (SCA) has signed a memorandum of understanding (MoU) with the UAE Banks Federation...
- The MoU looks to set up the UAE as a major attraction for asset and wealth management corresponding with the government's aspirations for the next 50 years
- Both the parties, under the terms of the MoU, resolved to cooperate and share expertise and studies aimed at improving the local asset management sector
Economy
Bahrain secures 9th spot in survey for best expat destinations in world
Manama, Bahrain--Bahrain has climbed up to ninth position in the top destinations in the world for expatriates, according to report...
- Respondents perceived Bahrain to be the country where a visa could be secured easily, and a bank account could be opened without a hassle
- The survey is one of the world's biggest expat polls based on data from more than 12,000 expats from 171 countries, scattered across the world