WTO conference ends with acceptance of Abu Dhabi Declaration
Abu Dhabi, UAE--The 13th Ministerial Conference (MC13) of the World Trade Organisation (WTO) has concluded with the acceptance of Abu...Economy
WTO talks end with no major win, throwing trade body into ‘crisis’
Speaking at the closing press conference, the Emirati chair of the so-called MC13 gathering, Thani Al Zeyoudi, acknowledged the shortcomings. "Despite...Economy
Uniqlo parent company to boost Japan wages up to 40%
The increases will vary across staff categories, with newly arrived employees likely to see a bump of less than 20...The salary bump will apply to around 8,400 full-time employees out of the 56,000 working for parent company Fast Retailing in Japan
The move comes with Japanese inflation at 3.7 percent in November, the highest figure since 1981, and follows calls from PM Fumio Kishida for higher wages
UN bemoans ‘intolerable’ loss of 5 million children in 2021
United Nations, United States--An estimated five million children under the age of five died in 2021, the United Nations said Tuesday,...Nearly 2.3 million deaths in 2021 occurred in the children's first month, mostly due to being premature or from complications related to childbirth
The global under-five mortality rate fell 50 percent since 2000, while mortality rates in older children and youth dropped 36 per cent
Leaders to brainstorm solutions for ‘cohesive world’ at WEF Davos 2023
Global business leaders, CEOs, and innovators from around the world will gather in Davos next week to discuss what World...The annual summit of the non-profit World Economic Forum (WEF) will begin on January 16 and go on until January 20, 2023
WEF President Børge Brende said the focus would be on sustaining economic growth "where our natural environment is not compromised"
Egypt detains three people for trying to steal 10-tonne statue
Egypt has detained three people for attempting to steal a millennia-old statue with a crane in the ancient southern city...The statement said that the Antiquities Authority in Aswan has proven the "antiquity (of the statue) and attributed it to Ramses II, with a weight of approximately 10 tonnes"
Ramses II, one of the most famous pharaohs of the 19th dynasty, ruled for 67 years
Saudi Arabia’s industrial production rose 8.6% in November 2022, says GASTAT
RIYADH, SAUDI ARABIA - The General Authority for Statistics (GASTAT) published Tuesday on its official website the results of the...In November 2022, mining and quarrying grew by 5.7 percent compared to November 2021.
Manufacturing activity increased by 19.7 percent compared to the same month of the previous year.
Masdar inks deal to produce 1GW of clean energy in Kyrgyzstan
ABU DHABI, UAE - Masdar has announced the signing of an agreement with the Ministry of Energy of Kyrgyz Republic...The projects, with a total capacity of up to 1 gigawatt (GW), start with a 200-megawatt (MW) solar photovoltaic (PV) plant.
The 200 MW plant is scheduled to begin operation by 2026.
Stocks mostly drop as traders track China, US rates
Major stock markets mostly dropped as warnings that US interest rates would continue to rise and remain elevated offset growing...Sentiment is still closely linked to the outlook for US monetary policy as the Federal Reserve battles to bring inflation down from four-decade highs.
Policymakers appear determined to keep lifting borrowing costs until they achieve their goal of two percent inflation.
Abu Dhabi Chamber enhances digital Effortless Certificate of Origin service
ABU DHABI, UAE - Abu Dhabi Chamber of Commerce and Industry (ADCCI) has launched the updated version of its Effortless...The Abu Dhabi Program for Effortless Customer Experience supports Abu Dhabi’s human-centric approach.
It enables everyone living and working in the emirate and visitors to carry out tasks quickly, seamlessly and effortlessly.
Egypt’s December inflation vaults up to annual 21.3 percent
Cairo, UAE--Egypt's annual urban consumer inflation in December shot up to 21.3 percent from 18.7 percent in November, exceeding analyst...The price rises followed a currency devaluation in October and restrictions on imports
The central bank allowed the Egyptian pound to depreciate by about 14.5 percent on Oct. 27 and let its value continue to weaken slowly and incrementally in November and December
Saudi Arabia mulling $10bn more investment in Pakistan
In December last year, the kingdom had extended the term of a $3 billion deposit to boost Pakistan's foreign currency...In December last year, the kingdom had extended the term of a $3 billion deposit to boost Pakistan's foreign currency reserves
Today’s announcement comes a day after Chief of Army Staff General Asim Munir held a meeting with Prince Salman in Madina
