Ireland wants to be a gateway for UAE, Gulf states to EU market: Irish minister
Abu Dhabi, UAE--Ireland wants to become a gateway for the UAE and other Gulf states to the European Union (EU)...Economy
New UAE commercial agency law will help in improving business environment
ABU DHABI, UAE - The UAE is determined to foster the attractiveness and competitiveness of the business environment in order...The UAE aims to offer a legislative framework to enable companies to promote the new economic model, particularly the commercial agencies sector.
With innovative projects and crucial commercial activities, this sector significantly contributed to the country's development during the past several years.
UN blames Myanmar military coup for boost in opium farming
The area of land used for opium poppy cultivation expanded by a third to just over 40,000 hectares in 2021-22...The UNODC estimates Myanmar's opium economy is worth around $2 billion -- the equivalent of up to three percent of the country's GDP in 2021
A combination of the pandemic and the aftermath of the coup hammered Myanmar's economy with an 18 percent contraction in 2021, according to the World Bank
OPEC Fund lends Panama US$120m in loan for climate action
Vienna, Austria--The OPEC Fund for International Development (the OPEC Fund) has lent Panama a US$120 million in loan to support...The money is intended to mitigate, contain and reverse the effects of climate change, helping Panama to achieve its long-term climate change commitments
Panama is considered a carbon negative country with almost no contributions to global emissions but the country is vulnerable to the impacts of climate change
‘Women are equal participants in UAE’s development’
The leadership’s vision to empower women has ensured that women are equal participants and major contributors to the UAE’s sustainable...The UAE is being ranked first in the Arab world and 11th globally on the Gender Inequality Index of the United Nations Development Programme’s Human Development Report 2022
The country has jumped 38 positions on the Gender Inequality Index since the establishment of the UAE Gender Balance Council seven years ago
Israeli broadcast staff protest planned budget cuts
"We are all KAN," read placards at the demonstration, referring to the Israeli Public Broadcasting Corporation (KAN), as employees were...Israel's new Communications Minister Shlomo Karhi warned earlier this month of potentially hefty budget cuts to KAN
Karhi has also taken aim at journalists, whom he said "should please the public" rather than working "to please their milieu"
Libya signs US$8bn deal with Italy to develop offshore sites
Looking to develop offshore hydrocarbon sites, Libya's National Oil Corporation has signed an $8-billion deal with Italian energy company ENI....Libya sits atop Africa's biggest oil reserves but has been engulfed by conflict since the 2011 revolt that toppled longtime dictator Moamer Kadhafi
Italy has been scrambling to find alternatives to Russian energy since Moscow's invasion of Ukraine, and Italian Prime Minister Giorgia Meloni is set to visit Tripoli
Boeing posts Q4 loss of US$634m
Firm confirmed its 2023 outlook amid strong aviation demand.Boeing said its commercial plane business was dented by "abnormal costs".
It said "labor instability and supply chain disruption" weighed on its defense, space and security unit.
Iraqi PM to visit France for energy and security talks
BAGHDAD, IRAQ - Iraqi Prime Minister Mohammed Shia al-Sudani will travel to France on Thursday for energy and security talks with...Sudani said he wants to "activate the agreements" between oil-rich Iraq and France "particularly in the transport, energy and investment sectors".
French giant TotalEnergies in 2021 signed a $10 billion contract with Baghdad, but work on the multiple projects is yet to begin.
Lebanese protest as local currency hits new low
Lebanese protesters blocked roads and burnt tires near the central bank in Beirut as the local currency plummeted to a...Lebanese banks have imposed draconian restrictions on withdrawals since the country's economy collapsed three years ago.
Dozens of protesters gathered Wednesday near the central bank headquarters amid heavy deployment of security forces.
DEWA, SAP senior management discuss cooperation in Dubai
DUBAI, UAE - Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA), received Christian Klein,...DEWA MD and CEO highlighted the firm's projects and programs to anticipate and shape the future in line with the UAE Centennial 2071.
He emphasized on the importance of exchanging global best practices and experiences between the two sides.
