Turkey’s inflation rises to 67.1% in February
On a monthly basis, inflation rose 4.5 percent in February, slower than the 6.7 percent rise logged in January. Erdogan...Economy
Tunisians take to streets to protest economic woes
Head of Tunisia's trade union confederation Noureddine Taboubi said in a speech to protestors that the economic and social situation...Economy
UAE inks cooperation agreements at WEF
The agreements were unveiled during a high-level meeting between Mohammad bin Abdullah Al Gergawi, Minister of Cabinet Affairs, and Prof....The agreements were unveiled during a high-level meeting between Mohammad bin Abdullah Al Gergawi, Minister of Cabinet Affairs, and Prof. Klaus Schwab, WEF Founder
Klaus also announced WEF’s collaboration with the Government of the United Arab Emirates to organize the Annual Meeting of the Global Future Councils 2023
CEOs back unlocking Africa free trade area’s $3.4 trillion potential
Davos-Klosters, Switzerland-- African heads of state and global CEOs at the World Economic Forum Annual Meeting backed the launch of...The AfCFTA is the largest free trade area in the world, by area and number of participating countries.
Conceived in 2018, it now has 54 national economies in Africa, could attract billions in foreign investment.
Curbing oil dependency Saudi priority, says Economy Minister
Despite its goal of achieving net zero carbon emissions by 2060, the country remains hugely dependent on crude oil exports...Soaring crude prices following Russia's invasion of Ukraine allowed Saudi to post in 2022 its first budget surplus in nine years, giving it firepower for economic development.
And at Davos, Saudi officials announced a joint initiative with the Davos forum organizers to accelerate high-tech innovation in the country via the metaverse.
Asian markets up on recovery hopes, yen sinks after BoJ decision
Weak earnings from banking titan Goldman Sachs, a jobs warning by Microsoft, and a plunge in manufacturing data highlighted the...Hong Kong, Shanghai, Sydney, Singapore, Wellington, Manila, Bangkok and Mumbai were all on the rise, though Seoul and Jakarta dipped
Yen tumbled from around 128.50 per dollar to more than 131 at one point Wednesday after Bank of Japan decided against further tweaking monetary policy
India’s minister calls on rich nations to ‘walk the talk’ on food systems
Davos-Klosters, Switzerland-- India's Minister for New and Renewable Energy Raj Kumar Singh has told developed countries to '"walk the talk"...The minister was speaking at a session on “Interplay of Food, Energy and Water” at the 53rd World Economic Forum Annual Meeting
The actor Idris Elba who was part of the discussion said that countries need a food systems ministry, not just an agriculture ministry
European investigators quiz Lebanese over central bank chief
Investigators from France, Germany and Luxembourg began hearing witnesses Monday as part of the case of suspected financial misconduct including...The long-serving central bank chief is among top officials widely blamed for monetary policies that have led to a Lebanese economic crisis
Investigators questioned former vice governor Saad Andary on Monday and are also set to hear evidence from Raed Charafeddine, another former vice governor
Energy poverty has been accelerating due to war in Ukraine, says Qatar’s foreign minister at WEF 2023
"It is unfair that many developing countries are demanded not to develop their special resources and to be independent in...It is unfair that many developing countries are demanded not to develop their special resources and to be independent in the field of energy, says Qatar's foreign minister
People in the Middle East have been suffering for decades from all violations of the UN Charter, including Palestinian cause and Israeli occupation as well as Syrian issue, he adds
Energy security key driver of climate investments
The US Inflation Reduction Act signed by President Biden last year, is the most significant climate pact since the Paris...The US Inflation Reduction Act signed by President Biden last year, is the most significant climate pact since the Paris Agreement in 2015, says IEA Executive Director Fatih Birol
"We are entering the first global energy crisis," says Birol while highlighting the role of Russia in the crisis at a World Economic Forum session
Abu Dhabi Department of Energy, Statistics Center sign data collaboration pact
ABU DHABI, UAE - Statistics Center – Abu Dhabi (SCAD) and the Abu Dhabi Department of Energy (DoE) have signed...The pact was inked on the sidelines of the 15th edition of the Abu Dhabi Sustainability Week 2023.
This is a part of a strategy to develop an advanced statistical ecosystem which provides high-quality statistics through a decentralized model.
UAE Ministry of Finance, Dubai Free Zones Council sign MoU on sharing of information
DUBAI, UAE - UAE Ministry of Finance (MoF) Tuesday signed a Memorandum of Understanding (MoU) with the Dubai Free Zones...The Ministry of Finance makes efforts to ensure that government entities in the UAE are committed to international tax pacts the country has signed.
Dubai Free Zones Council will provide the necessary tax information to the ministry of finance.
