UAE realty sector poised for growth as central bank forecasts 6.2% GDP growth in 2025
Factors such as increased foreign investment, ambitious urban projects, and favorable regulatory reforms are expected to propel the real estate...Economy
Concerns and optimism on World Environment Day as Arabian Gulf takes bold initiatives
Political and business leaders in the Arabian Gulf region push for sustainability agenda to secure clean environment for the future...Economy Energy
UAE emissions plan ‘insufficient’, say climate groups
PARIS, FRANCE - New carbon-cutting plans by this year's UN climate talks host the UAE were branded "insufficient" by an analysis...The UAE, which will host the COP28 United Nations talks in November and December, has released its updated climate plans.
The plans laying out a tougher target to reduce its greenhouse gas emissions by 19 percent by 2030 compared to 2019 levels.
US, Arab League discuss Middle East, Israeli-Palestinian conflict
The US-Arab Strategic Dialogue discussed Middle East peace and the Israeli- Palestinian conflict, among other issues. The dialogue concluded successfully...US-Arab League discussed reducing tensions in regional conflicts, climate change and health security.
The US condemned the attack on the Swedish Embassy in Baghdad and urged the Iraqi government to protect foreign missions.
Volvo Cars Q2 net profit $342m
Firm in profit despite high inflation, rising interest rates.Volvo Cars reported a 25 percent increase in retail sales, with 178,800 units sold in the second quarter.
Central banks have been raising interest rates in efforts to cool consumer price increases.
Egypt to resume exports of LNG by October: Tarek El Molla
Cairo, Egypt-- Egypt is looking to resume exports of liquefied natural gas exports by October, according to the country's petroleum...Egypt uses the gas at home during summer months when the temperatures are high, but in winter months it has excess levels of gas available for export
El Molla said that summer exports surged last year because the government switched from using natural gas in power stations to mazut fuel oil
UAE Corporate Tax: Workshop identifies conditions for determining taxable, exempt persons
Abu Dhabi, UAE - The conditions determining taxable and exempt persons, corporate tax rates and tax periods. were highlighted at...Key topics covered during the workshop include the Small Business Relief designed to support start-ups and other small or micro businesses
The topics also included corporate tax in free zones; determination of taxable income; transitional rules; taxable businesses and business activities of individuals
Lebanese activists struggle against rampant beachside development
Amchît, Lebanon--In a pristine patch of Lebanon's north coast, a rare marine visitor has fueled opposition to a seafront development, in...The country's seafront at many places remains dotted with formal and informal structures and developments, some of them abandoned
Once sighted everywhere, monk seals are now considered endangered by the International Union for Conservation of Nature due loss of habitat
UAE construction sector logs 135% growth in project announcements
Dubai, UAE - The UAE has witnessed 135 percent year-on-year (YoY) growth with AED 49.25 billion ($13.37 billion) project announcements...The surge in project awards is equally impressive, rising from $9.10 billion to $13.36 billion
The figures underscore the significant investments being made in the UAE's infrastructure development
UAE and Egypt to boost cooperation in higher education, scientific research
Cairo, Egypt-- The UAE and Egypt are looking to ramp up cooperation in the fields of higher education and scientific...The Egyptian minister noted the depth of the ties across all levels between the two countries, especially in scientific, cultural and educational fields
The UAE official applauded the relations between the UAE and Egypt, noting the latter's role in the education field and stressing UAE's resolve to deepen ties
CBUAE Governor, IMF Managing Director explore areas for cooperation
Abu Dhabi, UAE - Khaled Mohamed Balama, Governor of the Central Bank of the United Arab Emirates (CBUAE) discussed ways...Balama and Georgieva discussed efforts by the IMF and central banks toward enhancing the integrity of the financial system and supporting global economic growth
The CBUAE's ambitious agenda for green financing, aligned with the UAE's strategy for sustainable economic growth and financial stability, was also a key topic of discussion
GCC, Central Asian states pledge to boost strategic ties
The two sides endorsed a comprehensive joint statement that called for the boosting of political and strategic ties and strengthening...Both sides stressed the need for regional and international security and promotion of renewable energy sources
Pledges were made to invest in sectors like green economy, digital economy, innovation and green technology
