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
Qatar backs joint transition to low-carbon energy
Eng. Saad bin Sherida Al Kaabi notes that Qatar has consistently underscored its strong and supportive position regarding natural gas...Economy
UAE, Korea discuss partnership in renewable energy, technology
The two sides discussed various paths of cooperation and development in the investment, economic, scientific, cultural and advanced technology fields.The two sides discussed various paths of cooperation and development in the investment, economic, scientific, cultural and advanced technology fields.
Both the countries also reviewed partnership in renewable energy and other vital areas of interest within their two countries' future plans.
Majid Al Futtaim among firms to halve real estate emissions by 2030
These companies also pledged to reach net-zero carbon no later than 2050. With buildings contributing 38 percent of all energy-related...Avison Young, Edge, GPFI Group, Ivanhoé Cambridge, JLL Schneider Electric and Signify were the other firms that pledged the emissions cut.
These firms will meet these targets by implementing the Forum’s Green Buildings Principles, which provides a sequence of steps to deliver net-zero carbon real-estate portfolio.
WEF’s Open Forum from Jan 16-20 to focus on global environment
DAVOS-KLOSTERS, SWITZERLAND  – As part of the World Economic Forum Annual Meeting 2023, this year’s Open Forum Davos from January...Leaders from all walks of life will explore opportunities and solutions for the many environmental crises that the world is facing.
The meet will discuss the lessons the world has learned, and the biggest challenges the people face in the fight to stabilize the climate.
Baghdad-Amman oil pipeline will soon be functional, says Iraqi Parliamentary Speaker
BAGHDAD, IRAQ - Iraqi Parliamentary Speaker Mohammed al-Halbousi said that an oil pipeline from Basra port to the Jordanian port...Iraq and Jordan will form joint parliamentary committees to overcome legislative impediments to projects.
The Jordanian delegation held a series of meetings with Iraqi officials.
UAE launched clean energy projects worth $43 bn in 2022: Minister
UAE Minister of Energy Suhail bin Mohammed Al Mazrouei highlighted the UAE Energy Strategy 2050, the first unified energy strategy...UAE’s clean energy production in 2021 totaled 7,035.75 megawatts (MW), underscoring the country's efforts in the clean energy sector.
The minister said that once commercially operational, the third reactor will add another 1,400 MW of carbon-free electricity to the UAE's electricity grid.
Sharjah Chamber continues boosting the Emirate’s competitiveness
SHARJAH, UAE - Sharjah Chamber of Commerce and Industry (SCCI) in 2022 continued its role in creating investment environment and...Sharjah Chamber bolstered its competitiveness by protecting the interests of businessmen and supporting its members in the private sector.
The Chamber contributed to the growth of the local economy across all sectors, promoting export and re-export activities of its members
Iraq’s currency in flux as foreign transfers come under scrutiny
While the official exchange rate has been fixed at 1,470 Iraqi dinars against the dollar, the currency was trading at...Hadi al-Ameri, a key figure in the pro-Iran former paramilitary Hashed al-Shaabi, has accused the United States of using the dollar "as a weapon to starve nations"
The Iraqi central bank has described the currency fluctuation as a "temporary situation" and the authorities have taken measures seeking to stabilize the exchange rate
Aircraft with 72 passengers on board crashes in Nepal
The airline spokesperson said that 68 passengers were on board along with four crew members and that rescue is underway....Footage shared on social media showed flames on the ground and black smoke billowing into the sky
Air traffic control lost contact with the twin-propeller Twin Otter shortly after it took off from Pokhara and headed for Jomsom, a popular trekking destination
Tourists return in droves to Jordan’s desert marvel Petra
Around 1,700 people make a living from Petra as tour guides, trinket sellers or by taking visitors through the site...Jordan received 4.6 million visitors in 2022 -- almost four times the level from 2020 -- earning the country $5.3 billion
The recovery in tourism industry was helped by official promotional campaigns in new overseas markets, low-cost airline flights and new hotel rooms
Duty-free markets at air, sea and land ports set to create jobs, help industries, benefit Saudi economy
The move aims at supporting Kingdom's infrastructure development, boosting logistics and providing unique business environment in transport sector, air traffic...The move aims at supporting Kingdom's infrastructure development, strengthening logistics, and providing unique business environment in the transport sector, air traffic and ports
Free markets will increase Saudi exports, reinforcing itss efforts to diversify economy beyond oil, including tourism and travel, that will ultimately benefit the country's economy
