Chinese leaders seek ways to boost economy in key event
Beijing, China - China's leaders on Monday wrapped up a week-long key conclave at which they admitted more was needed to...Economy
GASTAT adopts chain-linking method to calculate Saudi Arabia’s real GDP
RIYADH, SAUDI ARABIA – The General Authority for Statistics (GASTAT) said in a press release it issued on Sunday that...Economy Geostrategy Global
UAE takes part in first G20 Finance Ministers meeting in 2023
ABU DHABI, UAE - Minister of State for Financial Affairs Mohamed Hadi Al Hussaini headed the UAE delegation participating in...Held for the first time under the Indian presidency in Bengaluru, the meeting discussed the progress under the G20 priorities for 2023.
The UAE team reiterated the importance of a globally coordinated multilateral action to promote climate finance.
UNDP requests $113.5 million to support early recovery in Turkey
ANKARA, TURKEY - Clearing the mountains of rubble due to buildings collapse in the earthquakes that hit Turkey on February...Rubble removal accounts for a large share of UNDP's US$113.5 million request for funding.
UNDP's current focus is to help prevent public health threats to affected populations and emergency responders.
Boosting investment in health systems is essential, says OECD
PARIS, FRANCE - Governments should urgently adapt their health systems to better respond to future shocks, given the huge impact...Major investment is needed in the health workforce, alongside increased spending on prevention and digital infrastructure, says OECD
More workers in health and social care were associated with lower mortality rates.
Germany’s Scholz arrives in India to expand business ties
New Delhi, India--German Chancellor Olaf Scholz arrived in India on Saturday seeking to deepen business ties between the world's number four...Scholz would press for progress towards a trade deal between the European Union and India that has long been held up by disagreements on tariffs
Scholz, 64, also said the Group of 20 should not ease up on pressuring Russia during India's current presidency and continue to send a "strong message"
Turkey starts rebuilding for the 1.5 million earthquake homeless
More than 160,000 buildings containing 520,000 apartments collapsed or were severely damaged in the February 6 earthquakes.More than 160,000 buildings containing 520,000 apartments collapsed or were severely damaged in the February 6 earthquakes
Turkish President Tayyip Erdogan who is facing election within months has pledged to rebuild homes within a year
UAE vows to counter money laundering and financing of terrorism
Welcoming the FATF statement recognizing the progress made in the Gulf country, the UAE has reaffirmed its commitment to advancing...The UAE said it continues to implement an array of sophisticated and significant actions to combat financial crime and strengthen the effectiveness of the AML/CFT framework
The country reaffirmed that it will continue working concertedly to bolster its position as one of the most trusted and resilient economies worldwide
Barakah’s Unit 3 enhances UAE’s bid to cut emissions
"We utilise all forms of clean energy to cut carbon emissions and mitigate the worst impacts of climate change. The...The start of commercial operations for Unit 3 of the Barakah Nuclear Energy Plant marks another accomplishment in generating abundant clean electricity to the national grid
The plant will also prevent millions of tons of carbon emissions annually, said Mariam bint Mohammed Almheiri, the UAE’s Minister of Climate Change and Environment
History says Fed can’t tame inflation without recession: report
Citing historical "disinflation" cases dating back to 1950 in major economies, the report concluded that central banks "are likely to...The report came after fresh US pricing data suggested the Fed's aggressive moves thus far have been only partially successful
The Booth analysis suggested a potentially rocky future for the US economy, which has thus far shown resilience despite aggressive Fed actions to counter inflation
GCC businesses plan expansion through new clients
Companies will emphasize less on diversification and disruptive offerings this year, predict chief executive officers in the Gulf region.Companies will emphasize less on diversification and disruptive offerings this year, predict chief executive officers in the Gulf region.
More than two-thirds of CEOs in the UAE expect a “stable” or “positive” global economic outlook for the next three to five years
Dubai Chamber of Commerce organizes UAE Corporate Tax Workshop
DUBAI, UAE - Dubai Chamber of Commerce organized a Corporate Tax Workshop to help participants navigate the new regime, with...The workshop, attended by 152 participants, included an overview and key highlights of the new corporate tax law.
Corporate tax is a significant step in the UAE’s drive to modernize its tax system and accelerate economic diversification.
