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
KSA beats economic challenges with non-oil revenue
Anticipated growth in non-oil sectors, including tourism, manufacturing, and financial services, is set to drive future economic expansion, says a...Economy
SDPW to support carbon neutrality and zero emissions
Sharjah, UAE--The Sharjah Department of Public Works (SDPW) conducted a workshop on the "Sharjah Ports, Customs and Free Zones Authority...Head of the SDPW said that the department supports carbon neutrality in its buildings and is part of UAE's initiative to achieve carbon neutrality by 2050
The SDPW maintained that it applies the highest international and local standards for green buildings and is committed to improving the efficiency
ESG may witness higher traction across GCC this year
Some investment trends that emerged at the tail end of 2022 — clean energy, consumer staples, retail, and infrastructure —...Some investment trends that emerged at the tail end of 2022 — clean energy, consumer staples, retail, and infrastructure — will gain further impetus in 2023, says an expert.
The dire climatic status quo and increasing population may impact consumption patterns, infra needs and utilization of finite resources, adds Neelam Verma of The Continental Group
European wages to increase at ‘very strong’ rate, says ECB
"Robust labour markets" alongside "increases in national minimum wages" and "trade unions demand(ing) higher wage increases" are also set to...Wage growth over the next few quarters is expected to be very strong compared with historical patterns, the ECB said.
In December, inflation in the eurozone dipped under the symbolic figure of 10 percent, after 18 months of uninterrupted increase
UAE, Oman education ministers discuss cooperation in the sector
MUSCAT, OMAN -Â UAE Minister of Education Dr. Ahmad Belhoul Al Falasi and Oman Minister of Education Dr. Madiha bint...The meeting was held in Muscat and aimed at boosting the coordination and cooperation between the two friendly countries.
The two sides also discussed the exchange of expertise in the field of curriculum development and international tests
Global piracy acts drop to 14-year low, says report
Worldwide acts of piracy fell to their lowest level last year since statistics were first established in 2008, a maritime...In the Gulf of Guinea, considered a piracy hotspot, just three ships were attacked in 2022 compared to 26 in 2019, the MICA said.
In the same area, the number of kidnappings dropped to two last year, from 146 in 2019.
AstraZeneca buys US firm CinCor
The acquisition has been finalized at $1.8billion.The takeover marks the latest push by Astra chief executive Pascal Soriot to bolster the company's pipeline of new products.
Massachusetts-based CinCor focuses on developing treatments for hypertension and chronic kidney disease.
Production at Karbala refinery will start in mid-March: Iraq
The refinery production from high-octane gasoline will be a grade of 95, with a capacity ranging from 8 to 9...The refinery production from high-octane gasoline will be a grade of 95, with a capacity ranging from 8 to 9 million litres per day
Iraqi oil minister said that the production can be increased to 12 million liters, which will cover a large proportion of up to 75 percent of domestic consumption
Pakistan to seek billions in Geneva conference for flood recovery
Months after the floods left most of the country devastated, Pakistan will seek billions in international support toward its recovery...Pakistan Prime Minister Shehbaz Sharif and UN Secretary-General Antonio Guterres will kick off the one-day event
The World Bank has estimated that up to nine million more people could be dragged into poverty as a result of the flooding
Qatar Credit Bureau hands out more than 33,000 reports in 2022
Doha, Qatar--The Qatar Credit Bureau has disclosed that more than 33,000 credit reports were issued and more than 1,400 complaints...The number of new subscribers to the text messaging service reached 11,000 new subscribers
The center pointed out that the electronic services portal provides direct access to all the center's services around the clock
Saudi ports record 13% annual rise in 2022 freight tons
The year-end statistics for 2022 highlight a 3.2 percent surge in container volumes at 10.355 billion TEUs compared to 10.035...The year-end statistics for 2022 highlight a 3.2 percent surge in container volumes at 10.355 billion TEUs compared to 10.035 billion TEUs a year earlier
The growth in imported and exported boxes rose 5 percent to 4.839 billion TEUs from 4.628 billion TEUs in the previous period
