GCC tourism growth skyrockets as diversification drive gains momentum post-Covid
GCC countries collaborate on comprehensive tourism strategy, leading global recovery post-pandemic with remarkable growth rates and ambitious plans for sustainable...Economy Tourism
Economic growth in Asia forecast to slow to 4.5 percent, says World Bank
Bangkok, Thailand--Asian economies are not doing as well as they could and growth in the region is forecast to slow...Economy
Safeguarding ‘digital public square’ is essential
States are struggling and “often failing” to protect online space for the common good, “swinging between a laissez-faire approach that...UN High Commissioner for Human Rights emphasizes the necessity of a safe online environment for a fully functioning society
Volker Türk criticizes the laissez-faire approach and overbroad regulations hindering the proper protection of online space
US close to fixing debt ceiling issue, says President Biden
WASHINGTON, US - President Joe Biden said that Democratic and Republican negotiators were on the verge of resolving a debt ceiling..."It's very close and I'm optimistic," Biden said, adding "I'm hopeful we'll know by tonight whether we're going to be able to have a deal".
Although there was no indication of an imminent public announcement, it was the strongest sign yet that the drama in Washington might end.
Masdar city to review benefits, challenges of EVs in three day summit
ABU DHABI, UAE - Two of Masdar's spokespeople will address key issues, challenges, and opportunities in electric vehicle innovation during...The three-day summit is scheduled to take place at the Abu Dhabi National Exhibition Center from May 29-31.
Lukas Sokol, Masdar City’s head of master planning, will shed light on the city’s work in introducing electric, autonomous vehicles.
Iraq plans ambitious Europe-Middle East road, rail project
Iraq presented an ambitious plan to turn itself into a regional transportation hub by developing its road and rail infrastructure,...War-ravaged and beset by rampant corruption, oil-rich Iraq suffers from dilapidated infrastructure.
Developing the road and rail corridor would allow Iraq to capitalize on its geographical position.
EIB lends US$3.6bn to circular economy projects
BRUSSELS, BELGIUM - The European Investment Bank (EIB) lending to circular economy projects has consistently increased over the years, amounting...EIB has been building partnerships with multilateral development banks and civil society organizations to accelerate the transition to a circular economy.
EIB said there can be no transition to a carbon-neutral economy without a change to a circular economy where resources are in use for as long as possible.
More than 1,800 new companies set up businesses in RAKEZ in Q1
Ras Al Khaimah, UAE--More than 1,800 new companies have set up their businesses in Ras Al Khaimah Economic Zone (RAKEZ)...Ramy Jallad, CEO of RAKEZ, said that the emirate has positioned itself as a preferred hub for international traders due to its business-friendly ecosystem
A large chunk of investors setting up businesses in the economic zone come from India, Pakistan, UK, Russia and Egypt, demonstrating its global appeal
TRENDS Poll: 38% feel AI threatens their jobs
New job opportunities are expected to emerge, but only individuals with advanced technological skills and education would be eligible for...TRENDS conducted a Twitter poll, asking its followers whether their jobs were at risk due to AI in an attempt to gauge its impact
The results revealed that 38 percent of respondents believed their jobs were at risk, while 31 percent responded negatively
Dubai Municipality unveils new online system for building permits
Dubai, UAE-- Seeking to enhance the emirate's position as a global pioneering city in adopting the latest technology in the...Aligned with the updated Dubai Building Code, the new system will provide smart and integrated services and solutions while implementing automated checks
Complying with the latest BIM standards and geographic information systems, it will facilitate user registration through digital ID and instant recognition
SPC Free Zone signs contracts with publishers from Sweden, Egypt and Algeria
Sharjah, UAE--The Sharjah Publishing City Free Zone (SPC Free Zone) has signed more than 10 partnership agreements with publishers from...The free zone since its founding in 2017 has hosted companies and institutions working in the publishing, printing, and distribution fields
It held meetings with more than 50 publishers from around the world, underscoring the emirate's efforts to support the publishing and creative industries
UAE Gen Z prioritizes hybrid work and career progression: study
Dubai, UAE - The Gen Z in the UAE has a strong inclination towards hybrid work arrangements, where they can...A significant portion of Gen Z respondents in the UAE (42%) are engaged in formal or informal side jobs, surpassing the rate of non-Gen Z respondents (27%)
The majority of Gen Z in the UAE (70 percent) express a preference for hybrid work environments, allowing them to have the flexibility of working both in the office and remotely
