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
Microsoft retires Skype, the online voice and video call pioneer
San Francisco, United States - Microsoft on Friday announced it was retiring Skype, the online voice and video call pioneer...Technology
4.4m travel by SAR in H1 2023
Train trips in H1 2023 rose 46 percent compared to H1 2022.The volume of minerals and goods transported over SAR networks during the second quarter of the year exceeded 6.34 million tons.
The total volume of goods transported by SAR H1 2023 rose to over 12 million tons, a 13 percent increase compared to the previous year.
Saudi Arabia is largest Islamic finance market, with over $827bn assets
Riyadh, Saudi Arabia - Saudi Arabia boasts the world's largest Islamic finance market, with combined Islamic assets across various sectors...Al-Sayari revealed that the total value of Islamic finance assets worldwide has surged to over $2.99 trillion
The Islamic banking sector in Saudi Arabia contributes a substantial 33% of the global Islamic bank assets
Under UAE Presidency, COP28 will lead global efforts to protect the planet, safeguard future generations
"The UAE possesses essential capabilities such as modern infrastructure, a commendable track record in sustainability and environmental conservation, recognition as...Sheikh Mohamed highlights role of youth, women, and civil society in combating climate change
UAE invites global cooperation for collective climate action, COP28 to lead efforts under UAE Presidency
Nearly 40 migrants rescued, others found dead off Cape Verde
The boat was spotted on Monday almost 200 miles from the island of Sal by a Spanish fishing boat, which...Media reported that the "pirogue" style boat common in the region left Senegal a month ago
Senegal's foreign ministry said that 38 people were rescued from the migrant boat off the Cape Verde coast
Global wealth set to rise by 38% over the next five years: study
Zurich, Switzerland – The latest Global Wealth Report predicts global wealth to reach $629 trillion by 2027, despite 2022 being...The report estimates wealth per adult to reach $110,270 in 2027 and the number of millionaires to rise to 86 million
When looked at in demographic terms, Generation X and Millennials continued to do relatively well in 2022
New industrial licenses surge 17% in first year after Abu Dhabi Industrial Strategy launch
The number of new industrial Rowad permits issued in Abu Dhabi increased from 204 to 238 from July 2022 to...$15.36 billion in capital investments made by manufacturing facilities moved to the in-production phase over the year
The number of operational manufacturers in the emirate now stands at 966, up from 922 manufacturers at the end of H1 2022
Oil price, COVID-19 spur Arab world’s public finance
Central banks are prioritizing fiscal and monetary policy coordination to boost macroeconomic stability, cut inflationary pressures, and support long-term growth.Central banks are prioritizing fiscal and monetary policy coordination to boost macroeconomic stability, cut inflationary pressures, and support long-term economic growth
In 2022, global, regional, and local inflation led to a decline in public revenues and expenditures in the Arab world, while the public budget deficit fell from 6.7% to 2.1%
Five skills workers require in real estate
Saudi Arabia’s real estate sector is evolving with new regulations, creating fresh job opportunities. The latest initiatives seek to enhance...Saudi Real Estate General Authority introduces 12 new roles, including positions like real estate broker, advertiser, and property manager
The initiatives are aimed at boosting the real estate sector's contribution to the Kingdom's GDP, enhancing the role of non-oil sectors
Lebanon freezes former central bank governor’s bank accounts
Seen as a key culprit in the country's dramatic economic crash, former governor Riad Salameh's bank accounts were ordered to...He is wanted in France and Germany, and Interpol has issued a Red Notice for his arrest
Lebanon's fractious political class has failed to name a replacement for Salameh
ESG shapes MENA region’s urban regeneration strategy
ESG principles offer a solution framework as the region faces urbanization challenges, including unplanned settlements in cities like Cairo and...ESG principles offer a solution framework as the region faces urbanization challenges, including unplanned settlements in cities like Cairo and Makkah, says a report
Embracing the L-I-F-E (learn, integrate, fix and earn) approach for urban renewal offers GCC sustainability, resilience, growth, social unity, and global acclaim
