Geopolitical risks, sanctions keep commodity markets on edge
Istanbul, Turkey--The commodity markets saw supply concerns and rises by optimism from China, despite the negative impact of the Fed's...Economy
Iran becomes world’s ninth biggest steel producer, says WSA
TEHRAN, IRAN – The Middle Eastern country has improved its global standing in steel production, becoming the ninth largest producer...Business Economy
Sharjah, Belgium discuss enhancing ties
SHARJAH, UAE - A Belgian delegation met with Sheikh Majid Al Qasimi, Director of the Department of Government Relations (DGR)...The two parties agreed on organising a Sharjah delegation visit to Belgium for strengthening bilateral relations.
the Belgian Ambassador to the UAE expressed his interest in visiting universities in Sharjah to discover more partnership opportunities.
UAE takes part in 17th Asia Pacific Regional Meeting of ILO
SINGAPORE - The UAE has participated in the 17th Asia Pacific Regional Meeting of the International Labor Organization (ILO) in...Over 500 representatives of governments, labor organizations and companies from 33 countries took part in the meeting.
The meeting discussed labor priorities and ways to promote employment in the Asia Pacific.
Egypt’s IMF deal aims to reduce government debt
Cairo, Egypt--The IMF's new $3 billion financial support package for Egypt aims to reduce government debt to less than 80...Egypt negotiated its latest IMF loan as the economic fallout from the war in Ukraine exacerbated a foreign currency shortage resulting from Egypt's large trade deficit
The package includes a monetary policy aimed at gradually reducing inflation, fiscal consolidation to ensure a downward public debt trajectory while enhancing social safety nets
EGA to supply CelestiAL solar aluminium to Kobe Steel
The agreement with Kobe Steel will see the supply of EGA’s CelestiAL solar aluminium to one of the largest rolling...The agreement with Kobe Steel will see the supply of EGA’s CelestiAL solar aluminium to one of the largest rolling mills in Japan
EGA currently supplies thousands of tonnes of aluminium to Kobe Steel every year, in a business relationship that stretches back more than 25 years
UAE looks to deepen renewable energy partnership with Scotland
Dubai, UAE--A UAE delegation led by Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade is on...The delegation visited the Scottish Enterprise, which highlighted its efforts to transform Scotland’s economy through innovation and investment
The UK is one of the UAE’s top trading partners as the volume of bilateral non-oil trade between the two reached US$7.4 billion in the first nine months of 2022
Sheikh Tamim says ‘exceptional’ World Cup delivered to fans
Paying tribute to the finalists and fans in a Twitter statement after the match, Qatar's ruler said that the Gulf...Sheikh Tamim bin Hamad Al-Thani paid tribute to the finalists and fans in a Twitter statement after the match
Messi was prominently pictured wearing a 'bisht' traditional cloak that the emir presented the Argentina icon before he lifted the World Cup trophy
UN nature deal calls to protect 30% of planet by 2030
MONTREAL, CANADA - A UN nature deal proposed Sunday calls to protect at least 30 percent of the planet by 2030...It called on wealthy countries to increase financial aid to the developing world to $20 billion annually by 2025.
Developing countries, spearheaded by Brazil, were seeking the creation of a new fund to signal the global north's commitment to the cause.
Dubai Supreme Council of Energy reviews efforts to achieve net-zero carbon emissions by 2050
DUBAI, UAE - Chairman of the Dubai Supreme Council of Energy Sheikh Ahmed bin Saeed Al Maktoum chaired the 73rd...The meeting discussed a proposal by ENOC to supply petroleum products to Al Maktoum International Airport through the Falcon Station in Jebel Ali.
It also discussed the national system for trading carbon credits in cooperation with the Ministry of Climate Change and the Environment.
UAE 2031 vision key to its global ambitions
The vision is based on four pillars that cover all sectors including the society, economy, diplomacy and ecosystem, the government...We the UAE 2031’ vision is a national plan through which the UAE aims to pursue its development path for the next 10 years.
It seeks to "enhance the position of the UAE as a global partner and an attractive and influential economic hub", the government says.
‘Rental Disputes Center provides 9 years of stability in real estate sector’
DUBAI, UAE -Â The Rental Disputes Center (RDC), the judicial arm of Dubai Land Department (DLD), was launched to achieve...RDC resolved cases by concluding reconciliation agreements amounting to 10,179 cases that were resolved amicably.
The average duration of execution of rental judgments and decisions for 2022 is four days, the RDC director says.
