Debt, trade barriers drag Asian economies in 2024, says World Bank report   Â
BANGKOK, THAILAND – Asian economies are not doing as well as they could and growth in the region is forecast...Business Economy Global
Jordan exports pharmaceutical products worth US$874m in 2023
AMMAN, JORDAN – Products of the Kingdom’s pharmaceutical industries and medical supplies sector moved over the past quarter century to...Business Economy
UAE institutional investors should focus on transition investment: NYUAD report
Abu Dhabi, UAE-- In order to advance the United Nations Social Development Goals, the UAE institutional investors should concentrate on...The participants in the workshop noted that transition investment can make a significant difference to the global economy and the MENA region
The event drew a wide array of people like asset managers, researchers and policymakers to share knowledge and best practices on unlocking large-scale investments
UAE and Malaysia agree to boost cooperation in clean energy
Kuala Lumpur, Malaysia-- The UAE and Malaysia are looking to bolster cooperation in the field of energy, in addition to...The two ministers explored collaboration on investment and development in the energy sector and ways to boost capacity of the two countries in the field of sustainable development
The visiting minister Al Mazrouei noted that the UAE is seeking to form new partnerships with allies in order to shape a better future for the coming generations
Entrepreneurship, SMEs drive Qatar’s economic growth
The Gulf country, according to reports, ranks first in the MENA region and fifth globally in entrepreneurship education and training...Qatar ranks first in the MENA region and fifth globally in entrepreneurship education and training at university and vocational levels, says a top QSTP executive
Numerous initiatives are in place to stimulate the economy, including enhancing investment climate, encouraging local manufacturing and expanding logistics infra
UAE signs MoU with Microsoft, PwC to set up ‘centre for digital excellence’
Dubai, UAE-- The UAE has signed a memorandum of understanding (MoU) with Microsoft and PricewaterhouseCoopers (PwC) to set up the...The centre will look to shore up government's digital transformation, enabling government authorities to benefit from the best global practices and modern technologies
The new entity will explore how advanced technologies affect government work and will also conduct research and development in digital transformation
Gross sovereign borrowing requirements will jump to $12.9 trn in 2023: OECD
Paris, France – Sovereign borrowing needs are expected to increase in 2023 against the backdrop of the financial and economic...Outstanding central government debt declined as a share of GDP, from a peak of 88 percent in 2020 to 83 percent in 2022
The total stock of sovereign sustainable bonds now exceeds $325 billion, 75 percent of which are focused on climate and environmental projects
Sharjah event discusses anti-money laundering practices
SHARJAH, UAE - Sharjah Economic Development Department (SEDD) organized multiple workshops for legal purposes and a number of investors and...In the workshops , the legislative frameworks for real beneficiary and combating money laundering were reviewed.
The purpose of the event is to form an ideal investment climate which supports business continuity, said an official.
Allen & Overy to merge with US peer
The merged firm will have a combined revenues of $3.4bn.The new group, called Allen Overy Shearman Sterling or A&O Shearman, was "truly a game-changing moment for both firms".
The merged firm will have around 3,900 lawyers and about 800 partners across a total of 49 offices worldwide.
Norwegian delegation in Abu Dhabi discusses legal issues with ADJD Â Â
ABU DHABI, UAE - The Abu Dhabi Judicial Department (ADJD) discussed legal and judicial issues with a delegation from Norway.The...The delegation was briefed about applicable regulations, the Judicial Department's initiatives to establish specialized courts for foreigners.
It was also briefed about the pioneering experience with remote litigation at the stage of registration of claims, case preparation and hearing.
Sudan war leaves farmers of gum Arabic without business
Sudan is the world's largest producer of the raw gum which is a major source of foreign currency for the...A gum arabic producer in Sudan, Ahmed Mohammed Hussein, said the absence of buyers has led to a price collapse of around 60 percent
Gum arabic exports from Sudan totalled 88,000 tonnes in 2021, earning $110 million, according to central bank figures, the latest official data available
DEWA, WeGO discuss cooperation to achieve sustainable development goals
Dubai, UAE--Dubai Electricity and Water Authority (DEWA) is looking to cooperate with World Smart Sustainable Cities Organization (WeGO) in urban...The two sides discussed cooperation in urban sustainability, smart technologies and innovative solutions to achieve sustainable development goals
DEWA CEO underscored the company's plan to achieve the Dubai Clean Energy Strategy 2050 and the Dubai Net Zero Carbon Emissions Strategy 2050
