Middle East leads way in global methane mitigation
The Middle East is emerging as an important region in the battle against methane emissions, crucial for curbing global warming....Economy Energy
Iran’s aluminum ingot output up 7% in Feb 2024
Tehran, Iran - Iran’s production of aluminum ingot in the country registered a 7% growth in the first 11th month...Economy
India looks to broaden partnership with GCC countries
New Delhi, India--India has stepped up multi-faceted consultations with GCC states ahead of the Group of Twenty (G20) Summit to...According to India's External Affairs ministry, the two countries reviewed bilateral ties in different domains and identified new areas of cooperation
Oman is taking part in G20 as a special invitee with India inviting nine countries under the category
S&P, Moody’s revise Saudi Arabia’s outlook to ‘positive’
Riyadh, Saudi Arabia -- The global credit rating agency S&P Global Ratings updated its credit report for Saudi Arabia, raising...The agency highlighted the kingdom's strong real GDP growth of 8.7 percent in 2022, the highest among the G-20 economies
It forecasts the non-oil sector to remain strong through 2026 due to service sector growth supported by the ongoing social reforms
UAE consumer spending vaults 19% in 2022: Majid Al Futtaim
Dubai, UAE-- Consumer spending in the UAE has shot up 19 percent in 2022 as against the previous year, according...The country recorded its strongest annual GDP growth since 2006, jumping to 7.9 percent, from 3.9 percent in 2021
Non-oil economy posted strong growth at 6.6 percent, lifted by government initiatives to lure investments and boost its tourism sector
Sustainable industries key driver of RAK economy
“Ras Al Khaimah has adopted a clear long-term strategy based on establishing a balanced multi-resource economy,” he adds during a...Ras Al Khaimah's economic flexibility has enabled it to adopt sustainable plans that will enhance its competitiveness, says its ruler Sheikh Saud bin Saqr Al Qasimi
He emphasizes the importance of promoting the culture of sustainability in all sectors, calls sustainable industrial sector a crucial driver of the national economy
Road to GCC smart cities viable, but not hurdle-free
Integrating smart roads and sustainable construction in GCC smart cities requires technical proficiency like data analytics, sensor technologies and software...Integrating smart roads and sustainable construction in GCC smart cities requires technical proficiency like data analytics, sensor technologies and software skills, says an expert
Smart roads offer numerous benefits, including reducing carbon emissions, improving road safety, creating new jobs, promoting more efficient mobility, and reducing congestion
Abu Dhabi-Japan Economic Council reviews growth in bilateral trade and investments
TOKYO, JAPAN - The ninth session of the Abu Dhabi-Japan Economic Council (ADJEC) here has reaffirmed its commitment to further...In 2022, the bilateral trade between the UAE and Japan rose 57.5 percent to exceed US$54 billion.
UAE exports to Japan grew 69.7 percent to US$45.9 billion compared to US$27 billion in 2021.
UAE, Georgia sign Comprehensive Economic Partnership Agreement
The UAE and Georgia signed a joint statement confirming the successful conclusion of negotiations towards the UAE-Georgia Comprehensive Economic Partnership...Comprehensive Economic Partnership Agreement (CEPA) signing took place in Georgia’s capital Tblisi during a UAE delegation's visit to the country.
The free trade agreement or CEPA will lay the foundation for deeper, stronger and more integrated economic relations between the UAE and Georgia.
Lebanon central bank chief denies financial misconduct
Lebanese central bank governor Riad Salameh maintained his innocence following a second day of questioning before European investigators in Beirut...Following a three-hour session, Salameh released a statement saying he appeared as a witness and "not as a suspect or facing charges".
The European investigators are looking into allegations of financial misconduct, including possible money laundering and embezzlement.
OECD raises global growth forecast as inflation eases, recovery ‘fragile’
The OECD raised its global economic growth forecast as inflation eases and China emerges from Covid restrictions, but warned of...Organization for Economic Co-operation and Development says rate increases are still needed to fight inflation.
OECD cited uncertainty over the course of the war in Ukraine, the risk of renewed pressure on energy markets.
Conflict may get us before climate, warns Professor Rangan
A multi-plural world that embraces diversity and contradictions is crucial for peaceful coexistence free of conflicts, Prof Subramanian Rangan of...A multi-plural world that embraces diversity and contradictions is crucial for peaceful coexistence free of conflicts, Subramanian Rangan of INSEAD tells TRENDS in an interview
Businesses need to revise their models to integrate income and impact, market and society, and humanity and nature. Also, education is key in using technology responsibly, he adds
