WTO chief economist applauds UAE ‘commitment’ to trade liberalization
Abu Dhabi, UAE-- Applauding the UAE's commitment to trade liberalization, including development of green and digital trade globally, Ralph Ossa,...Economy
Binaa Al Bahrain aims to create expansive mixed-use projects
ABU DHABI, UAE – Chairman of Eagle Hills International Mohamed Alabbar has said that US$4 billion joint venture Binaa Al...Business Economy
UNHCR chief urges world to help Lebanon’s most vulnerable
Appealing to the international community to help the country as it faces 'one of its hardest moments', UNHCR chief said...Hundreds of thousands of Syrians fled to Lebanon after the country's civil war began in 2011 with the brutal suppression of anti-regime protests
UNHCR chief Filippo Grandi met with officials including caretaker PM Najib Mikati to discuss how to better support vulnerable Lebanese and refugees
German government to stop unjustified energy price increases
BERLIN, GERMANY - The German government aims to put a stop to energy price hikes it sees as unjustified with...Price increases are to be prohibited until the end of 2023 - unless the supplier can prove "that the increase is objectively justified".
A justification could, for example, result from "market-based price and cost developments".
UN report warns global food crises likely to increase
ROME, ITALY - The world's ability to nourish its burgeoning population is under threat and without broader socioeconomic and environmental...The report identifies the issues at stake and the threats and problems that have an impact on future food consumption and agrifood production.
The report urges decision makers to think beyond short term needs.
ABB to pay US$315m fine
Two affiliates of ABB pleaded guilty to bribery charges.Two affiliates of ABB each pleaded guilty to one count of conspiracy to violate the US Foreign Corrupt Practices Act
In October eight people, including former Eskom CEO Matshela Koko, were arrested on corruption charges linked to the ABB work.
Ukraine welcomes Russian oil price cap agreed by EU, G7
Ukraine welcomed a US$60 price cap on Russian oil agreed by the EU, G7 and Australia, saying it would "destroy"...Poland had refused to back the price cap plan over concerns the ceiling was too high.
The embargo will prevent shipments of Russian crude by tanker vessel to the EU, which account for two thirds of imports.
US unveils high-tech B-21 stealth bomber
PALMDALE, UNITED STATES - The United States on Friday unveiled the B-21 Raider, a high-tech stealth bomber that can carry...Many specifics of the aircraft are being kept under wraps.
The plane will offer significant advances over existing bombers in the US fleet.
Jordan to elect commerce chamber boards in poll
Amman, Jordan— The commercial sector across Jordan will go to the polls on Saturday to choose representatives in the boards...The number of voters entitled to participate in the voting process is 27,982 merchants
Twenty-three others will run for the elections of the ten commercial sectors that will join the Jordan Chamber of Commerce board of directors
Saudi Arabia eyes hosting AFC Women’s Asian Cup 2026
Riyadh, Saudi Arabia— Saudi Arabia has submitted its bid to host the AFC Women’s Asian Cup 2026, a key moment...Saudi Arabia’s move to bid for the upcoming AFC Women’s Asian Cup builds on its expression of interest earlier this year
The kingdom has embraced transformation at pace, and growing women’s leadership in sport is a crucial element
Energy crisis driving climate-friendly power savings, says IEA
PARIS, FRANCE - Russia's invasion of Ukraine has driven countries across the world to boost energy efficiency, creating "huge potential"...Governments have scaled up fossil fuel subsidies to cushion the impact of rising energy costs on households in the wake of the Ukraine conflict.
According to the IEA research, governments, industry and households invested a record $560 billion this year in energy efficiency measures.
Supporting India’s G20 presidency is a priority for UAE, says Minister
The UAE's Minister of Foreign Affairs and International Cooperation Sheikh Abdullah bin Zayed Al Nahyan has said that the Gulf...The UAE will work towards a world where human progress is an inalienable right for all.
The UAE views the G20 as a forum that plays a critical role in multilateral efforts.
