China’s annual political conclave starts as economy sputters
Proceedings kick off Monday at 3:00 pm with the opening ceremony of China's People's Political Consultative Conference (CPPCC), which will...Economy
Saudi labor market booms amid economic shifts
Employers in the Kingdom anticipate workforce expansions and salary hikes, though grappling with talent shortages and evolving work models, says...Economy
Iraq finalizes fresh air deals with Gulf countries
BAGHDAD, IRAQÂ - The Civil Aviation Authority announced the work to conclude new air agreements with the Gulf states. A spokesman...A spokesman for the Civil Aviation Authority said We have agreements with all Gulf countries and all Gulf national carriers that land in Iraqi airports
He added that in the future, there may be air agreements with Kuwait as well.
Qatar Chamber discusses investment with Cuban delegation
DOHA, QATAR -Â Qatar Chamber First Vice-Chairman Mohamed bin Ahmed bin Twar Al Kuwari met with President of the Republic...The meeting touched on economic and commercial relations between Qatar and Cuba.
The Qaraei delegation also discussed the business opportunities offered by the Cuban side in the sector of water resources.
DEWA implements SAP’s Audit Management System
DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) has implemented the SAP Audit Management System (TAWKEED), becoming the first...DEWA's Internal Audit Department is an independent assurance function that adopts the best-in-class standards and practices.
The Internal Audit department at DEWA operates under an approved charter.
European prosecutors hear Lebanese bankers in central bank commission probe
Prosecutors from Germany, France and Luxembourg have been in Beirut as part of the money laundering investigation.ÂProsecutors from Germany, France and Luxembourg have been in Beirut as part of the money laundering investigation
They suspect central bank governor Riad Salameh and his brother Raja illegally took more than $300 million from the central bank between 2002 and 2015
Leaders at WEF believe cooperation can mend ‘fragmented world’
The WEF president concluded the first major international gathering of the year on a positive note saying progress has been...UN Secretary General Antonio Guterres called for urgent action on interconnected challenges, including the climate, nature and energy crises
The Global Risks Report 2023 ranked the cost-of-living crisis as the most severe short-term global risk
Investigators from Europe to quiz Lebanon central bank chief
Continuing with their probe into Lebanon's money laundering and embezzlement, investigators from Europe will question Lebanon's central bank chief Riad...The central bank chief is widely blamed for monetary policies that contributed to an unprecedented economic crisis in Lebanon
The investigators on Friday heard former interior minister Raya El Hassan, who also chairs the board of directors of Lebanese lender Bankmed
RIL posts Q3 profit of US$1.9b
Profit is 15 percent lower than in the same period last yearRevenue from operations at India's largest company by market capitalisation rose 15 percent year on year, to US$27 billion
Reliance's board also approved a plan to issue bonds to raise up to US$2.4 billion (200 billion rupees) to fuel further expansion across its diversified businesses.
Google announces 12,000 job cuts globally, cites changing economic reality
Google's parent company Alphabet announced about 12,000 job cuts globally citing a changing "economic reality", becoming the latest US tech...Google's parent company Alphabet employed nearly 187,000 workers worldwide at the end of September 2022.
Alphabet CEO Sundar Pichai said American employees have already been notified about the cuts.
DoH, GSC ink MoU to achieve Abu Dhabi’s healthcare sustainability goals
ABU DHABI, UAE - Building on its ongoing efforts to improve the healthcare ecosystem from all aspects, the Department of...The GSC is powered by the International Hospital Federation and focuses on assisting healthcare services to address sustainability challenges.
The MoU will help provide educational resources to aid facilities in addressing identified areas for advancement and accomplishing new positive outcomes.
ADNOC Distribution to go for 25 percent cut in carbon intensity by 2030
ABU DHABI, UAE - ADNOC Distribution on Friday announced plans to reduce its carbon intensity by 25 percent by 2030.This...This reduction in carbon intensity will be implemented by putting sustainability at the core of its day-to-day operations to future-proof its business.
The company said it will install solar panels to power service stations and use biofuels in its fleet of vehicles.
