Abu Dhabi’s private sector grows by over 35 percent in 2023
ABU DHABI, UAE – The Abu Dhabi Department of Economic Development (ADDED) organized, in collaboration with Abu Dhabi Investment Office...Business Economy Energy Geostrategy Global Uncategorized
Abu Dhabi targets 39.3 million visitors by 2030
Emirate's new tourism strategy aims to increase the sector’s contribution to GDP from $13.34 billion in 2023 to $24 billion...Economy
War casts shadow on Sudan breadbasket, fuelling famine fears
"Transportation disruptions, market devastation and the absence of financing... will have catastrophic impacts on the food security of the people...The state's large, mechanised farms are not taking on workers, as a cash crunch hits their finances, jeopardising a harvest that normally meets 40 percent of Sudan's grain needs
With roads cut off by crossfire, trade at a standstill and processing factories razed or looted, agribusinesses face an uphill battle, prompting some heavyweight investors to walk
QatarEnergy signs production sharing contract for Agua-Marinha block in Brazil
Doha, Qatar--QatarEnergy, and its joint-venture partners TotalEnergies, Petrobras, and PETRONAS Petroleo Brasil Ltda. (PPBL) has signed the production sharing contract...According to a statement, QatarEnergy will hold a 20% working interest, alongside TotalEnergies (30%) Petrobras (operator, 30%), and PPBL (20%)
The President and CEO of QatarEnergy Saad Sherida Al Kaabi said the signing builds on QatarEnergy's sizable upstream presence in Brazil
Qatar Chamber explores business opportunities with Turkey’s businessmen
Doha, Qatar-- Qatar Chamber and Turkish officials from the Trabzon Chamber of Commerce and Industry (TCCI) and the Manisa Chamber...The discussion between the two touched upon cooperation between chambers in Qatar and Turkey, the investment climate and the opportunities in both countries
Qatar Chamber emphasized Qatari investors' desire to get acquainted with the investment opportunities available in Turkey in various sectors
OPEC+ looks to slash production to rein in weak prices
The UAE energy minister Suhail Mohamed Al Mazrouei said he expected the outcome of meeting to "balance the market and...The 13-member OPEC is due to consult with 10 other oil-producing nations, including Russia, to review the grouping's future output policy
An output cut of 700,000 bpd to one million bpd was one of the options being discussed, a source told AFP, stressing that nothing was set in stone
Global Research Council re-elects Saudi Arabia as MENA region chair
Riyadh, Saudi Arabia--Saudi Arabia has been re-elected to represent the MENA region on the board of the Global Research Council...Dr. Munir Eldesouki's re-election to represent Saudi Arabia at the GRC reaffirms the kingdom's prominent position in the scientific and research fields
Saudi Arabia has played a key role in the GRC's work since its founding in 2012, including boosting cooperation between research funding institutions
EDB inks MoU with ADDED to enhance support for Financial Support Program
Abu Dhabi, UAE--Emirates Development Bank (EDB) has signed a memorandum of understanding (MoU) with the Abu Dhabi Department of Economic...The financing program aims to help Abu Dhabi-based companies to receive finance offers from a range of banks all at once
Emirates Development Bank can, according to its mandate, provide $8.16 billion in financing support to 13,500 companies by 2026
Jewels of Emirates continues to attract visitors on third day
SHARJAH, UAE- The fourth edition of Jewels of Emirates Show at the Expo Center Sharjah has so far seen record...The event received an overwhelming response from visitors, with exhibitors unveiling a stunning array of exclusive and rare jewelry pieces.
Emirati designer Shamma Al Hallami, in partnership with Salem Al Shueibi Jewelery, also debuted her latest collection of 18-carat gold jewelry
EU bicycle exports surged to US$1.1bn in 2022
BRUSSELS, BELGIUM - The EU exported US$1.1 billion (€1.1 billion) worth of bicycles in 2022 (both electric and non-electric, a...The EU exported 365,000 electric bicycles and imported 1.2 million in 2022 while the imports were worth US$2.6 billion.
The overall increase in the trade of bicycles can be attributed to an increase in the export and import of electric bicycles.
Renewable power capacity to rapidly expand, IEA report reveals
PARIS, FRANCE - Renewable power capacity is expected to jump by a third this year globally as growing policy momentum,...Renewables are at the forefront of Europe’s response to the energy crisis, accelerating their growth there.
New policy measures are also helping drive significant increases in the United States and India over the next two years.
Middle Eastern Airlines post 38% rise in traffic in April 2023
Dubai, UAE - Middle Eastern airlines carriers posted a 38 percent increase in traffic in April compared to the same...With a capacity increase of 27.8 percent, Middle Eastern airlines accommodated the growing demand for air travel
Total air travel reached 90.5 percent of pre-Covid levels, highlighting a significant rebound in passenger demand
