WTO agri reforms key to global food and climate goals
"Australia maintains that global food security, climate, and biodiversity targets are unattainable without progress in agricultural trade reform, including the...Economy
Israel minister says Arab trade ties unfazed by Gaza war
In January, Israel's cabinet approved an additional 55 billion shekels ($15 billion) to meet the cost of the war, while...Economy Geostrategy
Dubai Land Department launches its strategic plan 2026
DUBAI, UAE : The Dubai Land Department (DLD) launched its new strategic plan and vision, shaping the features and landmarks...The new strategic plan is in line with the national agenda to build a better economy.
DLD has a mission of enabling the real estate community by providing seamless services, effective legislation and integrated data.
DEWA’s hydroelectric power plant in Hatta is 59 percent complete
DUBAI, UAE -Â The Dubai Electricity and Water Authority (DEWA) under-construction pumped-storage hydroelectric power plant site in Hatta is 58.48...This is the first station of its kind in the GCC, with investments of up to US$387 million.
The power plant will have a production capacity of 250 megawatts, a storage capacity of 1,500 megawatt-hours.
Algeria passes biggest-ever US$98.5 billion annual budget
Algiers, Algeria-- Algeria approved the 2023 budget, the largest in the country's history after President Abdelmadjid Tebboune approved the Finance...The government set a reference oil price estimated at US$60 per barrel, up by US$15 per barrel over the 2022 budget
The figures in the annual budget showed an increase in defense spending, which topped the rest of the sectors with US$22.7 billion, to be the largest in Algeria's history.
Saudi Arabia and Japan bolster energy ties, sign new deals
Seeking to deepen energy ties, Saudi Arabia and Japan have signed two sets of cooperation agreements in the fields of...The deal was signed at the first ministerial meeting of the Saudi-Japanese Ministerial Dialogue for Energy in Riyadh
Nishimura will be in Saudi Arabia, Japan’s largest importer of crude oil, until Monday and will then go to Oman, a supplier of LNG, on Tuesday
Pact to transform Makkah, Madinah into business hubs for Islamic world
The Makkah Chamber of Commerce, Madinah Chamber of Commerce and the Islamic Chamber of Commerce will sign the agreement at...The partnership would boost the business sectors in the holy cities through exhibitions and forums, lectures, workshops and dialogues with decision-makers from the Islamic world.
Chairman of the Board of Directors of the Madinah Chamber, Munir Muhammad Nasser bin Saad, said the agreement will contribute towards promoting cultural heritage of the holy cities
UAE Ministry of Climate Change organizes first meeting of Farmers’ Council
DUBAI, UAE - UAE Minister of Climate Change and the Environment Mariam bint Mohammed Almheiri presided over the first meeting...The meeting highlighted the government directions to promote sustainable modern farming systems across the UAE.
The meeting discussed the government's decisions to increase the agricultural sector’s productivity, commercial value and enhance food security.
Fishermen return to Iran years after Somalia kidnapping
TEHRAN, IRAN - Fourteen Iranian fishermen seized by the Al-Shabaab militant group in Somalia, some as long as eight years ago,...The fishermen were welcomed in a special ceremony at Tehran's Imam Khomeini International Airport.
Their release comes almost a month after Somali police said they discovered 20 foreigners near territory controlled by the militant group.
DEWA 9th Sustainability Report showcases its progress in sustainable development
DUBAI, UAE - The ninth Sustainability Report 2021 issued by Dubai Electricity and Water Authority (DEWA) highlights its efforts and...The Sustainability Report 2021 introduces partners, relevant entities and all stakeholders to its performance and practices in sustainability.
The report demonstrates the progress made by DEWA, and its contributions to achieving the United Nations Sustainable Development Goals 2030.
Qatar Chamber seeks to boost economic ties with Serbia
Doha, Qatar-- Qatar Chamber has discussed ways to enhance trade and economic cooperation with Serbia during the meeting of First...Bin Twar noted the importance of forming the Qatari-Serbian joint business council, for which a memorandum of understanding was signed to establish it 3 years ago
Marco Cadez called on Qatari business owners to visit Serbia and learn about the investment climate and available investment opportunities
Saudi and Turkish banks sign US$26m financing line agreement
Riyadh, Saudi Arabia--Saudi Export-Import Bank has announced the signing of a $26 million financing line agreement with Turkyie Finance Katilim...It also signed an agreement with Turkish Export Bank that allows cooperation in several fields, including the exchange of experiences and the promotion of exports
The two agreements come within the framework of Saudi partnerships with Turkish financial institutions, and within the bank’s direction to develop its local and foreign partnership
