WTO launches US$50m fund for women entrepreneurs in developing countries
ABU DHABI, UAE - The director general of the World Trade Organization, Ngozi Okonjo-Iweala, on Sunday launched a $50 million fund...Business Economy Geostrategy Global
Bahrain to support ‘Arab tourism’ in order to boost cultural integration
Manama, Bahrain--Bahrain will support Arab tourism in order to enhance social, cultural and historical integration among Arab people, according to...Economy Tourism
‘Russian targeting of Ukraine energy is war crime’
BERLIN, GERMANY - Russian missile strikes on energy infrastructure in Ukraine constituted a "war crime", German Justice Minister Marco Buschmann...A Russian campaign of missile strikes has severely damaged Ukraine's energy infrastructure.
The members of the G7 group of industrial democracies had to cooperate to combat war crimes.
HSBC sells Canada ops for $10bn
Bank will use funds for core business, give cash to investors.The large sale comes after UK-listed HSBC faced calls from biggest shareholder Ping An Insurance Group to cut costs and shift more resources to Asia.
The Canadian divestment is expected to be completed in late 2023.
Will Gulf economies expand despite global woes?
Thanks to a strong rebound in domestic activities and higher oil prices, the latest IMF report suggests the GCC economies...Thanks to a strong rebound in domestic activities and higher oil prices, the latest IMF report suggests the GCC economies to expand further than previously expected.
In 2023, the UAE economy will grow 4.2 percent, outpacing Saudi Arabia (3.7 percent), Bahrain (3 percent), Oman (4.1 percent), Kuwait (2.6 percent), and Qatar (2.4 percent)
Qatar reaches long-term gas supply deal with Germany
QatarEnergy's partner, US firm ConocoPhillips, will supply the gas from Qatar's North Field East and South projects from 2026 to...QatarEnergy's partner, US firm ConocoPhillips, will supply the gas from Qatar's North Field East and South projects from 2026 to the Brunsbuttel LNG terminal
Negotiations with European countries had previously struggled as Germany and others balked at signing the type of long-term deals made with Asian nations
All regions experienced water extremes in 2021, says UN
GENEVA, SWITZERLAND - All regions of the world saw water extremes last year - both floods and droughts - and...Large areas of the planet recorded drier than normal conditions in 2021, the UN's World Meteorological Organization said.
Some 3.6 billion people face inadequate access to freshwater at least one month per year.
EU spent €15.2bn on imports of green energy products last year
The trading bloc also exported green energy products worth €6.5 billion to countries outside the EU.The trading bloc also exported green energy products worth €6.5 billion to countries outside the EU
The EU imported €11.2 billion worth of solar panels and €3.4 billion worth of liquid biofuels from countries outside the bloc
GCC banks earned $18.6bn in interest income in Q3: Kamco
During Q3-2022, non-interest income declined to a four-quarter low of $7.4 billion as compared to $7.8 billion during Q2-2022.During Q3-2022, non-interest income declined to a four-quarter low of $7.4 billion as compared to $7.8 billion during Q2-2022
The aggregate GCC gross banking loans reached a new record of $1.93 trillion, increasing by 1.2 percent or $23.5 billion during the quarter
Kuwait Central Bank Issues Bonds, Tawarruq worth $792 million
The new securities bear a maturity term of six months and a return rate of 4.25 percent.The new securities bear a maturity term of six months and a return rate of 4.25 percent.
Earlier on November 2, the Central Bank of Kuwait held its policy rate at 3 percent
Saudi Airport to build a new airport in capital Riyadh
Saudi Arabia announced plans for a new airport in Riyadh while advancing the kingdom's ambitious aviation goals. The airport, set...The airport is set to accommodate 120 million travelers by 2030 and 185 million travelers by 2050.
The new airport is expected to be able to process 3.5 million tons of cargo by 2050, local media said.
UAE’s health and prevention ministry launches National Nutrition Strategy 2022-2030
DUBAI, UAE - UAE's Ministry of Health and Prevention (MoHAP) has launched the National Nutrition Strategy 2022-2030 to establish sustainable...National Nutrition Strategy comes as part of MoHAP’s ongoing efforts to support the UAE’s visions aimed at improving the health of younger generations.
The strategy was launched during an event hosted by the ministry at the Etihad Museum.
