Iran and Russia to sign new contracts to develop oil, gas fields
Tehran, Iran-- Iran and Russia have agreed to sign new contracts on developing oil and gas fields, according to the...Economy
Qatar and China entrepreneurs explore partnerships, JVs in tech and energy
Doha, Qatar-- Businessmen and entrepreneurs from Qatar and China have discussed opportunities to set up joint ventures and commercial partnerships...Economy
WEF launches initiative to channelize US$3trn for climate and nature
The World Economic Forum launched the Giving to Amplify Earth Action (GAEA), to help unlock the US$3 trillion of financing...Present funding is slow and inadequate, and a new approach is needed to get capital flowing.
Philanthropic giving is nimble, more tolerant of risks and is driven by values and long-term outcomes rather than quarterly returns.
China economy grows 3% in 2022: official data
The world's second-largest economy faced historic headwinds as 2022 drew to a close, with exports plunging last month due to a...Beijing had set itself a target of 5.5 percent, a rate already much lower than the performance of 2021, when the country's GDP increased more than eight percent
Tuesday's figures represent China's worst growth figures since a 1.6 contraction in 1976 -- after the coronavirus emerged in Wuhan in late 2019
Qatar’s private sector exports surge 25% to $10bn in 2022Â
The total value of private sector exports during the fourth quarter of 2022 amounted to $2 billion.The total value of private sector exports during the fourth quarter of 2022 amounted to $2 billion
The number of countries receiving Qatari exports in Q4-2022 reached 95 in the year
Sharjah ruler announces ‘valuable’ projects in central region
Sharjah, UAE-- Ruler of Sharjah Dr. Sheikh Sultan bin Muhammad Al Qasimi has affirmed that work is underway to complete...He announced the employment of 50 engineers from the region to work on Sharjah Electricity, Water and Gas Authority (SEWA)’s projects
The lake will contain 420 million gallons of water, and it will not only provide Sharjah with water, but it will also reduce the temperature in the city of Al Dhaid
The turbulent twenties, when risks collide
The world’s top current risks are energy, food, inflation and the overall cost of living crisis. Over the next two...Amidst the persistent health and economic overhang of a global pandemic and a war in Europe, the world is facing a set of risks that feel both wholly new and eerily familiar
The world’s top current risks are energy, food, inflation and the overall cost of living crisis. Over the next two years, the cost-of-living crisis remains the number one threat
Increased oil output, prices to spur Saudi growth
Large infrastructure projects -- mainly supported by the Public Investment Fund and National Development Fund -- are expected to boost...Large infrastructure projects -- mainly supported by the Public Investment Fund and National Development Fund -- are expected to boost the Kingdom's economy further.
Private sector accounted for more than half of the increase as the unemployment among Saudi citizens fell from 15.4 percent in Q2 of 2020 to 9.7 percent in Q2 of 2022
Global recession likely in 2023, say WEF chief economists
Almost two-thirds of chief economists believe a global recession is likely in 2023, with 18 percent of them considering it...In China, expectations of growth are polarized, with respondents almost evenly split between those who expect weak or strong growth.
One positive signal is that supply chain disruptions are not expected to cause a significant drag on business activity in 2023.
DFSA releases 2023-24 plan to support Dubai’s growth as financial hub
DUBAI, UAE - The Chairman of the Dubai Financial Services Authority (DFSA), Fadel Al Ali Monday announced the publication of...The two-year plan outlines an ambitious roadmap to meet the DFSA’s statutory objectives for the Dubai International Financial Center.
The DFSA will be pursuing several key projects that cut across multiple strategic themes.
Countries which transform food system can meet net-zero goals, says WEF report
DAVOS, SWITZERLAND – A  report launched Monday at the World Economic Forum Annual Meeting 2023 shows how countries can accelerate...Food systems, when transformed, can help solve some of the world’s toughest problems, from climate change to resilient livelihoods.
The report identifies models for businesses and policy-makers and a roadmap of priorities for countries to improve productivity and sustainability.
Europe investigators question witnesses over Lebanon central bank chief
European investigators began questioning high-profile witnesses in Lebanon as part of a probe into central bank governor Riad Salameh's wealth,...Investigators from France, Germany and Luxembourg questioned Saad Andary, Lebanon's central bank former vice governor.
The investigators also questioned Khalil Kassaf, a former employee at Lebanon's banking control commission.
