New York, United States - OpenAI is ordering hundreds of billions of dollars worth of chips in the artificial intelligence...
Stocks jumped Wednesday as trade war fears were overshadowed by comments from Federal Reserve boss Jerome Powell that suggested the...
Beijing, China - President Xi Jinping said that China's economic recovery is at a "critical stage", state broadcaster CCTV reported Friday,...Xi urged measures to boost the economy, saying that "the development situation facing the country is complex.
"It is necessary to focus on accelerating the construction of a modern industrial system, expand domestic demand, (and) prevent and defuse risks," said Xi
Tehran, Iran – Iran and Oman have signed two memoranda of understanding to boost bilateral cooperation and using their national...The Iranian industry minister also announced his country’s readiness to jointly implement key industrial projects with Oman
Head of the Central Bank of Iran Mohammad-Reza Farzin hailed any measure that helps boost monetary cooperation between the two countries
Dubai, UAE - Trina Solar, a Chinese renewable energy company, announced on Thursday plans to invest US$5 billion to create...Katherine Gao, Trina Solar CEO, described COP28 as an inspiring platform for leading companies to showcase their smart solutions in the fields of renewable energy
The event, she added, provides an opportunity to exchange solutions with industry leaders and governments to integrate environmental practices across the supply chain
The GCC's transformation towards sustainability encompasses economic growth, job creation, and resource management, shaping a resilient and green future for...The GCC's transformation towards sustainability encompasses economic growth, job creation, and resource management, shaping a resilient and green future for the region.
Investments in solar and wind power in Saudi Arabia and the UAE mark a clean energy shift, reshaping consumer behavior and the financial sector, creating new jobs and industries.
RIYADH, SAUDI ARABIA - Saudi Arabia’s real gross domestic product (GDP) fell by 4.4 percent year-on-year (YoY) in the third...The Kingdom’s GDP at constant prices reached US$191 billion (SAR 719.09 billion) in the third quarter of 2023,
The real seasonally adjusted GDP eased 3.2 percent quarter-on-quarter (QoQ) in the three-month period.
- "The UNDP has spent approximately $1 billion in the Arab region for integrated development solutions driven by national priorities and...
Launch of the Loss and Damage Fund at COP28 marks a crucial step in supporting climate action in the Arab region.
UNDP's significant investment of $1bn in the Arab region focuses on integrated development aligned with national priorities.
- Setting the ambitious goal of having a deal in place by Tuesday, the last day of the conference, Sultan Al...
Last week the event started with the launch of a loss and damage fund for nations devastated by climate change
Scientists warn that greenhouse gas emissions must fall by 43 percent by 2030 from 2019 levels
Abu Dhabi, UAE--Egyptian Petroleum Minister Tarek el Molla announced an agreement on laying down a detailed road map for cutting...The agreement as per media reports will be signed by the the United States Trade and Development Agency (USTDA) within the framework of the COP28
The minister said that Egypt supported green hydrogen projects in order to promote North African country's drive to become a green hydrogen regional center
Riyadh, Saudi Arabia - Saudi Arabia has rolled out a 30-year tax relief program aiming to lure multinational corporations to...Under the Regional Headquarters (RHQ) Program, participating companies will benefit from substantial tax incentives, including a zero percent rate on corporate income tax
The RHQ Program, launched initially in 2021, has already licensed over 200 companies to operate their regional headquarters from Saudi Arabia
Dubai, UAE -- Building massive infrastructure for clean power projects in pursuit of climate goals will need nearly $4.5 trillion in...The white paper calls for a dialogue between the industry and community groups and NGOs to define common standards for a people-positive energy transition.
It also urges governments to not only focus on the lowest price but also the wider societal value creation in their transition plans.
