MENA region could gain $385bn from women reentering workforce: survey
Doha, Qatar - The women returning to the workforce following a career break have the potential to contribute nearly US$385bn...Economy
UAE financial system more secure and efficient than before, says CBUAE
Abu Dhabi, UAE--The technological and structural advancements in the UAE financial sector continues to enhance security, operational efficiency, accessibility of...Economy
China pushes for tech-sector self-reliance to combat US, allies curbs
A broad restructuring document announced by China's cabinet on Tuesday intends to focus the Ministry of Science and Technology's resources...Beijing will also set up a national data administration to oversee the digital economy, as well as slash staffing at the country's central state institutions
The restructuring comes as China pours resources into its research capabilities in the face of tightened restrictions on homegrown tech companies by the US
QFFD, EAA sign pacts to back education drive in Asia, Africa
Doha, Qatar-- In order to ensure education for children in the least developed countries of Asia and Africa, Qatar Fund...The agreements will ensure quality education for more than 709,060 out-of-school primary children between now and March 2027 through EAA's "Educate A Child" program
The funding will enable access, enrollment, and learning skills, including teacher training, capacity buildings, refining educational techniques and methods
UAE and Jordan agree to share experiences to combat corruption
Abu Dhabi, UAE-- The UAE and Jordan have resolved to draw on each other's experiences in order to combat corruption,...The visiting delegation called on the officials at the Audit Bureau of Jordan and the Integrity and Anti-Corruption Commission to share experiences and exchange knowledge
Jordanian delegates were apprised of various initiatives taken by the UAE for reporting financial and administrative violations and the financial disclosure platform
Egypt’s train derailment in north kills two and injuries 16
In the latest rail tragedy to hit Egypt, two people were killed and many more injured at Qalyub north of...The accident, according to the country's rail authority, happened when a passenger train entering Qalyub station went through a stop signal
In recent years, rail accidents in Egypt have mostly been blamed on poor infrastructure and maintenance
Quake damages more than $100 billion in Turkey alone: UNDP
The World Bank estimated last week that the devastating quake, which flattened entire cities, had caused damage worth more than...The 7.8-magnitude quake that struck on February 6 and its aftershocks have claimed more than 45,000 lives in Turkey.
The UNDP has been "very disappointed and saddened" by the low level of response to funding appeals to date.
US interest rate likely to rise, says Federal Reserve head
US interest rates will likely peak at a higher level than previously anticipated due to economic data that came in...The US central bank has raised its benchmark lending rate eight times since early last year.
US job gains had surged unexpectedly in January while unemployment slipped to its lowest rate in more than five decades.
New Qatar premier inherits strong economy, world cup glory
Sheikh Mohammed Bin Abdulrahman al-Thani takes charge at a time when Qatar’s economy is booming, posting a surplus of $24...Sheikh Mohammed Bin Abdulrahman al-Thani succeeds Sheikh Khalid bin Khalifa bin Abdul Aziz Al Thani who was appointed PM in January 2020
Qatar Emir Sheikh Tamim bin Hamad al-Thani's office also announced a cabinet reshuffle that reappointed the finance and energy ministers
KEZAD, Emtelle ink agreement
Emtelle to invest $50m to build manufacturing facility.The pact is the latest step in the expansion of Emtelle in the Middle East, following the acquisition and rebrand of AfriPipes Middle East in 2021.
Emtelle is undertaking a major expansion into North America with the opening of a manufacturing facility in North Carolina, US.
Japan allots US$1.6bn to contentious Australia hydrogen project
In a statement, HESC said the project has entered its commercial demonstration phase with money from Japan's Green Innovation Fund,...The Hydrogen Energy Supply Chain (HESC) project is a joint Japanese-Australian undertaking intended to produce plentiful and affordable fuel for Tokyo
Its backers argue it will create economic opportunity in Victoria, but NGO Environment Victoria has also warned about the HESC's CCS claims
Oman to award solar energy projects worth US$777m to investors
Muscat, Oman -Oman Power and Water Procurement Company (OPWP) is set to award solar energy projects worth $777 million to...Nearly 2 million solar panels will be installed in these two stations, which will be the largest solar panel project for Oman
The projects, which will jointly produce 1,000MW of energy, are set to come up on a 15 million sq m area within the Governorate of A’Dakhiliyah
