Logistics: At the heart of economic activity
The global logistics market is expected to be around US$10 trillion in 2024, and is estimated to reach US$21.91 trillion...Technology Business Economy
Oil, gas, and renewables: How global policies and markets are reshaping energy in 2025
The Trump administration’s trade tariffs and withdrawal from the Paris Agreement pose major risks to global economic growth and energy...Economy
COP28 will provide a pivotal moment in climate action
The conference will focus on practical aspects, unifying action, and establishing partnerships, as well as aligning efforts to transition from...COP28 will focus on practical solutions, unifying global action, and fostering partnerships, says IUCN chairwoman
The conference aims for a "human-centric" approach, emphasizing nature, food, health, and climate resilience, she adds.
Qantas posts bumper profit
The airline's annual profit climbs up to US$1.1 billion.AI startups set to rake in $10bn investments by 2026
Half of new cloud deployments will be integrated cloud data ecosystems by 2024, while edge AI will see 55% of...Half of new cloud deployments will be integrated cloud data ecosystems by 2024, while edge AI will see 55% of all data analysis by deep neural networks by 2025, says a report
By 2024, data-centric AI will prioritize synthetic data, comprising 60% of AI data, while ChatGPT's popularity prompts 45% of executives to boost AI investments, adds Gartner
Iran’s steel production sees 4.1% growth in first 7 months of 2023
Tehran, Iran - The World Steel Association (WSA) has reported a significant 4.1% increase in Iran's steel production during the...In July 2023, Iran's crude steel production slightly decreased by 1.5% compared to the same month in the previous year
China remains the top global steel producer, contributing 626.5 million tons, followed by India, Japan, the United States, and Russia
Suez Canal ship traffic normal after tanker collision
Cairo, Egypt--Shipping traffic was flowing normally on Egypt's Suez Canal on Wednesday, two shipping sources based in the country said,...According to ship tracking company MarineTraffic, the two tankers briefly collided in the canal citing eyewitnesses
A media outlet quoting a Suez Canal official said that a ship that broke down in the canal was starting to be towed
Saudi Arabia and Germany discuss cooperation in industrial, mining sectors
Riyadh, Saudi Arabia - Saudi Arabia and Germany have decided to strengthen cooperation in the industrial and mining sectors. A delegation...Both parties explored opportunities to collaborate with the University of Munich for Applied Sciences
The focus was on reviewing the university's educational curricula and academic programs in various fields related to industries and mining
UAE, KSA optimistic as BRICS leaders weigh expansion
South Africa has revealed potential BRICS expansion plans at the Johannesburg summit, with keen interest shown by Middle Eastern nations,...South Africa revealed potential BRICS expansion plans at the Johannesburg summit, with keen interest shown by Middle Eastern nations, notably UAE and Saudi Arabia
Analysts suggest that BRICS' potential expansion could strain relations with major powers, highlight the bloc's diverse appeal, but also raise concerns about diluted influence
Stocks advance but traders wary of US rates outlook, China concerns
The gains, including a jump in US tech stocks, "looked more like a correction than a reaction to fresh news,...The gains followed a mixed showing on Monday as investors tried to turn the tide of losses that have swept over markets in recent weeks.
Markets globally have struggled this month on the prospect that the US Federal Reserve will hike borrowing costs once more.
RAKEZ witnesses 35 percent growth in holding company registrations
RAS AL KHAIMAH, UAE - Ras Al Khaimah Economic Zone (RAKEZ) reported a remarkable surge in the registration of holding...Holding companies can benefit from the UAE's favorable tax environment, a key factor boosting global investors' appeal.
This structure offers enhanced protection against potential risks and legal claims, an essential feature in today's complex business landscape.
CBUAE foreign assets inch up to US$161.22bn in June
Abu Dhabi, UAE--The Central Bank of the United Arab Emirates (CBUAE) has revealed that its total foreign assets increased to...According to the apex bank, foreign securities were down to $45 billion from $46.56 billion at the end of June,, with other foreign assets up to $17.27 billion
The monetary base, according to the CBUAE, grew by 0.1%, climbing from $169.20 billion at the end of May 2023 to $169.42 billion at the end of June 2023
