Asian stocks rise as Powell rate warning taken in stride
Equities rose in Asia on Wednesday as traders took in their stride a warning from Federal Reserve boss Jerome Powell...Economy
Tech Mahindra’s Ram Ramachandran: MEA, India key to shaping future in multipolar world
Davos, Switzerland -- The Middle East, Africa, and India have an important role and influence in shaping the evolving world order...Technology Technology Economy Global
UAE and UN to boost climate action cooperation in run up to COP28
New York, US--The UAE and the UN have discussed joint cooperation and partnership on government experience exchange, global climate action...The UAE delegation noted the country's initiatives in development including government work, capacity building and exchange of expertise
They also discussed opportunities to boost cooperation in international initiatives, maximizing the positive impact of climate action around the world
Arab-Indian Chamber of Commerce to be unveiled soon
NEW DELHI, INDIA - A Joint Arab-Indian Chamber of Commerce is to be “activated” soon.This was announced in the “Delhi...This was announced in the “Delhi Declaration” at the conclusion of the sixth India-Arab Partnership Conference in New Delhi
Setting up of the Chamber was decided during an earlier session of the India-Arab Partnership Conference held in Muscat
UAE plays an active role in shaping better future for societies, says minister
NEW DELHI, INDIA – The UAE is committed to playing an active role in global efforts to shape a better...The UAE is also committed to enhancing human resources’ contribution to sustainable development.
The minister applauded all G20 members for “their dedication and commitment to the objectives and vision of the forum.”
Nations look to sign deep sea mining rules by 2025
The member nations of the International Seabed Authority (ISA) agreed on a two-year roadmap for the adoption of deep sea...The ISA Assembly and its 167 member states next week will discuss a "precautionary pause" in mining, supported by about 20 countries
Scientists believe deep sea mining can destroy habitats and species that may still be unknown but are potentially vital to ecosystems
Morocco’s women football team to make history in World Cup debut
When Morocco's women take on two-times former champions Germany in Melbourne they will be the first Arab team to play...Its women team had a surprise run to the final of last year's Africa Cup of Nations, before losing 2-1 to South Africa
It is in Group H at the Women's World Cup and as well as Germany will face South Korea and Colombia
Electric vehicles, lithium-ion, solar batteries become new drivers of China’s foreign trade
Beijing, China - China's traditional export sectors, such as apparel, home appliances, and furniture, have been surpassed by electric vehicles,...These "new three" industries have contributed to an impressive 61.6 percent year-on-year increase in total export value during the first half of 2023
A combination of factors, such as production innovation and favorable policies, has facilitated the export growth of these sectors
Saudi Arabia to host MENA Climate Week in October to ‘assess progress’
Riyadh, Saudi Arabia--Saudi Arabia will host the MENA Climate Week 2023 in Riyadh on October 8-12, in coordination with the...According to the ministry of energy, the event will examine the progress made in realizing the objectives outlined in the Paris Agreement
It added the event will bring into focus the region's initiatives and approach to climate action and shed light on the impact of climate change
Gulf economies pivot towards China: Multi-billion dollar investments strengthen relations
Economic ties between China and the Gulf region's largest economies, Saudi Arabia and the UAE, have surged since President Xi...The value of Gulf companies' acquisitions and investments in China this year increased by more than 1,000 percent yearly to $5.3 billion
Abu Dhabi's sovereign wealth fund, the "Mubadala Investment Company," is expanding its operations in China to attract investments
DEWA exhorts customers to take ‘measures’ in order to avoid fire
Dubai, UAE--Dubai Electricity and Water Authority (DEWA) has called on the public to take all necessary measures to avoid the...Exhorting customers to use its smart services, DEWA asked them to visit its website and smart app in order to protect people and property
It urged customers to use proper insulation in order to cover wires and be careful of exposed wires and damaged electrical parts
Asian markets swing as US jobs data disappoint
Asian equities wobbled at the end of a draining week as fresh US jobs data put revived bets on two...Data recently pointed to a weakening in the US economy that would help ease inflation, the Fed has said it needed to see more softening in the jobs sector.
This week's stumble follows a rally last week when a faster-than-expected slowdown in US inflation stoked hopes the Fed could end its rate hikes. .
