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
Investment and innovation behind Qatar’s tech success
Maher praises the Gulf country for its substantial efforts, investments, and innovative ideas that have transformed it into a prime...Economy
Businesses in Qatar post growth in December due to World Cup
Doha, Qatar-- Business activity in Qatar has accelerated in December as the FIFA World Cup went on through the month.The...Wholesale, retail, and service providers in particular registered rapid expansions in activity
The Qatar Financial Centre PMI is compiled by S&P Global from responses to questionnaires sent to purchasing managers in a panel of around 450 private sector companies
500,000 clients in Saudi Arabia use e-notarization of social cases in 2022
The Saudi Notarization Law has transferred a number of such jurisdictions from courts to the notarial e-system.The Saudi Notarization law has transferred a number of such jurisdictions from courts to the notarial e-system
E-notarization provides several services that dispense with paperwork and spare clients the need to visit notarial offices
GCC investment in non-oil sectors grew in 2022
GCC countries witnessed the launch of massive economic and development projects in various sectors last year as part of their...GCC countries witnessed the launch of massive economic and development projects in various sectors last year as part of their strategy to diversify their economies
The Kingdom's NEOM introduced the energy and water company Inwa, while the Saudi Ports Authority launched 12 private sector investment opportunities last year
Germany uses more renewable energy, still falls short of CO2 goal
The setback comes despite a record 4.7 percent drop in energy consumption last year, partly in response to soaring fuel...Europe's biggest economy emitted 761 million tons of greenhouse gases last year, just one ton fewer than in 2021 and overshooting the target of 756 million tons.
The German government had aimed to reduce carbon dioxide emissions by 40 percent by 2020 compared with 1990 levels, but has yet to achieve the feat.
Dubai launches business group to promote renewable energy usage
The UAE Government will invest AED600 billion ($163.36bn) in renewable energy by 2050 to meet the country's growing energy demand...Announced in 2017, the UAE Energy Strategy 2050 aims to reduce the carbon footprint on power generation by 70 percent.
The UAE has since launched notable initiatives and taken significant steps towards realizing these goals by 2050.
Dubai announces plan to ‘double’ the size of economy in next decade
The Gulf emirate's ruler, Sheikh Mohammed bin Rashid Al-Maktoum, unveiled in a series of tweets the Dubai Economic Agenda, dubbed...The new economic agenda would also add 400 cities to Dubai's list of trading partners, increasing foreign trade in the coming decade by 44 percent to 25.6 trillion dirhams.
It would also see foreign direct investment in Dubai exceed 650 billion dirhams within 10 years, according to Sheikh Mohammed.
Qatar first on FDI Standouts Watchlist 2023: FDi Intelligence
Doha, Qatar-- Qatar ranks first among the world’s top destinations for foreign direct investment (FDI), owing to its strong economic..."FDI Standouts Watchlist 2023" by fDi Intelligence analyzes the macroeconomic and foreign direct investment (FDI) trajectory of the world’s top 50 FDI destinations.
In 2022, the top sectors for FDI projects were Oil and Gas, financial services, and software and IT services, according to the report.
US regulators warn banks over crypto risks
The joint statement comes after the sudden collapse of cryptocurrency platform FTX - worth $32 billion before it filed for...Banking organizations should be aware of risks such as fraud and scams, along with inaccurate or misleading disclosures, the agencies said.
The watchdogs said they continue to take a "careful and cautious approach" with crypto activities and exposure at banking organizations
Japan’s PM to meet Biden in Washington, visit other G7 allies
The two leaders are expected to discuss regional security challenges, including North Korea and China, as well as Russia's invasion...Japan is assuming the presidency of the G7 grouping and Kishida said he also plans to visit members France, Italy, Canada and Britain this month
Kishida will host the G7 leaders summit in Hiroshima in May and wants to put achieving a world free of nuclear weapons on the international agenda
In Iraq, graft helps push property prices out of reach
Baghdad, Iraq---Iraqi telecommunications worker Youssef Ahmed is married with a five-year-old son, but lives with his parents because he is unable...Many investors preferred to purchase property in the autonomous Kurdish areas of the country's north, or even in neighbouring Turkey.
The government recently announced ambitions to build low-cost housing for Iraq's poorest citizens, with around 1m Baghdad residents estimated to live in informal settlements.
