Turkmenistan to supply 2bcm gas to Turkiye: Turkish minister
Ankara, Turkey - Turkish Energy and Natural Resources Minister Alparslan Bayraktar announced on Friday the signing of a memorandum of...Economy Energy
‘UAE outpaces major nations in human development’
“These efforts ensure sustainable development across all sectors, promising a bright future for generations to come,” he adds, referring to...Economy
EU foreign policy chief asks European navies to patrol Taiwan Strait
Paris, France--EU foreign policy chief Josep Borrell called on European navies to patrol the disputed Taiwan Strait, in a opinion piece...Echoing comments he made last week, Borrell reiterated in the journal Du Dimanche how crucial Taiwan is to Europe
Vowing to bring the island under its control one day, China claims Taiwan as part of its territory
‘Saudi Arabia is committed to combat climate change’
The Kingdom is dedicated to collaborating with international and regional partners to find solutions in the climate sector. Saudi Arabia...Saudi Arabia aims to increase the percentage of renewable energy to 50 percent in electricity production by 2030, says minister Adel bin Ahmed Al-Jubeir
The Kingdom will produce up to 2.9 million tons of hydrogen annually by 2030 and increase it to 4 million tons annually by 2035, added the Climate Affairs Envoy
UAE leads as infrastructure, technology investments boost logistics performance of GCC countries
The sector across the region, however, needs further improvements in timeliness and tracking and tracing systems, highlights the World Bank's...The sector across the region, however, needs further improvements in timeliness and tracking and tracing systems, highlights the World Bank's latest Logistics Performance Index
While the UAE ranks fourth globally for logistics with a LPI score of 7, Qatar, Saudi Arabia, Oman, Bahrain and Kuwait are also doing well, the latest report points out
UAE energy ministry awards DEWA for research, innovation
DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) has been awarded first place in UAE Ministry of Energy and...DEWA was honored for its innovative grid-integrated system which regulates photovoltaic inverters for autonomous voltage.
The approach to innovation, research and development in renewable and clean energy is in line with government strategies, DEWA CEO said.
UN chief calls for protection of biodiversity on International Mother Earth Day
NEW YORK, US - UN Secretary-General António Guterres issued a statement calling for urgent action to protect the environment and...The UN chief highlighted the crucial relationship between humanity and the natural world.
He called for deeper and faster emissions cuts to limit global temperature rise to 1.5 degrees Celsius.
DFM, ADX account for 20% of Arab exchanges’ liquidity last week
Abu Dhabi, UAE--The Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM) accounted for nearly 20 percent of...Arab stock exchanges, according to the Arab Monetary Fund, raked in liquidity to the tune of $10.28 billion last week
ADX’s liquidity shot up by 2.22 percent last week from US$1.489bn to $1.522bn, while DFM’s liquidity surged by 41.4 percent from US$344.4mn to US$486.06mn
Canada to allot US$9.8bn in subsidies for Volkswagen battery plant
Ottawa, Canada--Canadian Prime Minister Justin Trudeau announced Friday up to 13.2 billion Canadian dollars ($9.8 billion) in subsidies over 10 years...Terming the funding a "generational investment", Trudeau said that the new plant is expected to generate about Can$200 billion in value
In order to attract auto makers, Canada has made a big push into batteries for electric vehicles, touting tax incentives and clean energy
Reliance posts Q1 profit rise
It posted better-than-expected profit increase to US$2.35bn.According to a poll by an Indian newspaper, the result exceeded analysts' expectations of slower profit growth of around $2.04 billion
The company's telecom wing reported a 13.01 percent increase in net profit to $574.76 million from a year ago
US inflation now ‘broad-based,’ top Fed official says
Signaling its resolve to keep fighting price rises, the US central bank has said that interest rates may need to...Lisa Cook, Fed governor, said on Friday that overall inflation, and other underlying measures of consumer price increases, remained high
She noted that interest rate hikes would be determined by the impact of the recent financial sector turmoil on bank lending
Qatar sees record expenditure during Eid holidays
The entertainment sector, which includes restaurants, cinemas, and theme parks, attracts customers at record rates during the festive period, especially...Economists expect that the demand for gifts will double, and the demand for recreation will increase during the 11-day Eid holiday in the Gulf country.
Ad campaigns and the doubling of Eidiyah contribute to increasing purchasing power and positively reflect on the performance of the two sectors, they add
