Nations divided ahead of decisive week for shipping emissions
London, United Kingdom -- Members of the International Maritime Organization (IMO) are divided over whether to approve a carbon tax on...Economy Energy Geostrategy Global Climate Change
China says opposes new US tariffs, vows ‘countermeasures’
China on Thursday said it "firmly opposes" sweeping new US tariffs on its exports and vowed "countermeasures to safeguard its...Economy
‘Technology may help bridge global economic divide’
External shocks, such as COVID, Ukraine war and rising costs have exacerbated economic disparities, while geopolitics hinders effective global decision-making,...External shocks, such as COVID, Ukraine war and rising costs have exacerbated economic disparities, while geopolitics hinders global decision-making, says an expert
The economic divide between rich and poor is expanding globally and locally, while technology's role in bridging or widening this gap remains ambiguous, he adds
Nearly 5,000 member companies join Sharjah Chamber in 2023
SHARJAH, UAE - The Sharjah Chamber of Commerce and Industry (SCCI) has logged an impressive surge in new memberships this...The Chamber’s main branch and its other branches in Al Dhaid, Khor Fakkan, Dibba Al-Hisn, and Kalba now boast 45,373 active members.
The total export and re-export values of the members of the Sharjah Chamber reached US$4.6 billion through the third quarter of the current year.
New CEO appointed in SRC
Majeed Al Abduljabbar will be the CEO from January 1, 2024.Al Abduljabbar has been working in the banking sector for over 15 years, including in the HSBC Bank in London.
He also contributed to establishing the Department of Innovative Investment Solutions at SABB (now SAB).
Dubai’s top 10 land deals in 2023 is worth US$2.3bn
DUBAI, UAE – A real estate brokerage based here has compiled the 10 largest land deals in the Emirate since...The recovery in land sales reflects developers’ efforts to acquire the best plots for launching real estate and commercial projects.
Several sale deals in Dubai focus on investors’ desire to buy land for investment purposes and get high returns as prices continue to rise.
Policy and infra drive Dubai’s global rise
The emirate's pro-business policies, dedicated trade zones, and emphasis on tech innovation position it as a premier financial hub, George...Dubai, historically a pivotal trading center, has evolved into a global hub for commerce, leveraging its strategic location and world-class infrastructure, says an expert.
Business-friendly policies, specialized trade zones, and a commitment to tech innovation make the city a leading financial marketplace, adds George Pavel of Capex.com.
Mawani, SGP ink US$266m pact
The aim is to establish multiple logistics zones in the Kingdom.The objective is to establish logistics zones that will enhance efficiency of the sector, improve service quality and generate additional job opportunities.
This initiative is expected to strengthen the role of the logistics sector in supporting the national economy.
World Investment Forum 2023 ends with call for greater private and public investment
Abu Dhabi, UAE – UNCTAD's 8th World Investment Forum came to a close on Friday in Abu Dhabi with a...The week-long event saw the convergence of 8,000 participants, including government officials, international organizations, policymakers, 700 CEOs and investors
Held against the backdrop of a fragmented global economy, the forum addressed the profound impact on global trade and investment
Kazakhstan aims to expand trade ties with UAE to the tune of US$1bn
Abu Dhabi, UAE--Kazakhstan is keen to expand trade ties with the UAE, setting a target of $1 billion in mutual...He noted how new trade roads from the Caspian Sea to Abu Dhabi and Dubai ports in the UAE can connect the region
The minister said that Kazakhstan is committed to using its agricultural potential to address global food shortages
At least 30% of all housing units in Gaza destroyed or damaged: UN
Geneva, Switzerland - At least 30% of the housing sector in the Gaza Strip has been either destroyed or rendered..."Hospitals are on the brink and overcrowded with patients, many awaiting treatment," the OCHA said
Hundreds of people including children have been trapped beneath the rubble amid airstrikes in Gaza
Key events reinforce UAE’s position as business hub
"Hosting global events serve as crucial platforms, uniting experts and specialists from diverse sectors. They offer opportunities for communication, opinion...UAE emerges as global economic nexus, hosting premier events and conferences
UAE's GDP in 2022 shows significant growth, with FDI reaching a record high
