Roadmap out for environmental education, sustainable development at WEEC2024
ABU DHABI, UAE - The Abu Dhabi Roadmap, a high-level plan outlining global recommendations to bolster Environmental Education (EE) and...Economy Energy Geostrategy Global Climate Change
Mawani completes Red Sea Gateway Terminal at Jeddah Islamic Port
Riyadh, Saudi Arabia - The Saudi Ports Authority, Mawani, announced the completion of the Red Sea Gateway Terminal at Jeddah...Business Economy
OPEC’s World Oil Outlook to be launched at ADIPEC on Oct 31
This year’s publication will again be accompanied by a smart app to give increased access to the WOO’s vital analysis...This year’s publication will again be accompanied by a smart app to give increased access to the WOO’s vital analysis and energy data
First published in 2007, the WOO provides an in-depth review and analysis of the global oil and energy industries
Russia war ‘most important’ factor slowing growth: IMF committee chair
The fund trimmed its world growth forecast to 2.7 percent in 2023, and its chief economist Pierre-Olivier Gourinchas cautioned that...Nadia Calvino's remarks came as finance ministers and central bankers gathered in Washington for the IMF and World Bank annual meetings
There has been a "very strong call" throughout the week for Russia to stop its war against Ukraine, said Calvino
Saudi Arabia announces US$400m aid for Ukraine
Continuing with the kingdom's role to support "everything that will contribute to de-escalation," Saudi Arabia has announced $400 million in...Saudi Arabia last month played an unexpected role in facilitating a prisoner-of-war swap between Moscow and Kyiv
The kingdom has come under growing criticism from Washington after the Saudi-led OPEC group of oil exporters agreed on a drastic production cut with Russia and other allies
Trust in digital services increases across MENA region despite rising online security threats
MENA residents' satisfaction and expectations about how services can and should be delivered have been radically altered due to the...MENA residents' satisfaction and expectations about how services can and should be delivered have been radically altered due to the COVID-19 pandemic
Increased interest and spending on technological infrastructure, especially artificial intelligence is in line with the global trend toward digitization
Germany fills 95 percent of gas reserves as winter draws near
Berlin, Germany - Germany on Friday said it had filled its gas reserves to 95 percent of capacity faster than...Europe's largest economy had been heavily dependent on Russian gas and has raced to bolster its reserves after deliveries from Russia halted.
The government said energy-saving measures in recent weeks and massive purchases of gas from other suppliers had led to significant progress.
US banks report solid results, warn of rising recession risk
Large US banks reported a round of solid quarterly profits, but cautioned of rising recession risks as the economy absorbs...There are worries including on stubborn inflation that has prompted significant central bank interest rate hikes.
There are concerns over geopolitical fallout from the Ukraine crisis, uncertainty in the oil market and worries about European energy security this winter.
Russia’s Rosneft sues Germany over refinery seizures
Russian oil giant Rosneft has filed a complaint against the German government for taking control of its German-based refineries, a...Berlin in September took control of Rosneft's German subsidiaries, which account for about 12 percent of oil refining capacity in the country.
Germany said the dramatic move last month was necessary to counter "a threat to the security of energy supply", as relations with Russia deteriorate.
Mubadala buys stake in EQT Infrastructure’s GlobalConnect
GlobalConnect is a fiber-based data center services provider.Headquartered in Stockholm, Sweden, GlobalConnect is a fiber-based data communication and data centre services provider.
The company was created in 2019 through the combination of four independent fiber platforms in Denmark, Norway and Sweden.
Abu Dhabi’s Environment Agency holds training for industries
The Environment Agency - Abu Dhabi (EAD) organized two training workshops on the Green Industries environmental labeling program.The Green Industries program aims to recognize industrial facilities that adopt green processes and operations.
The workshops, held digitally, were attended by over 135 industrial facilities from various sectors in Abu Dhabi.
Middle East region now has a new address for business centers: Downtown
Close to 200 years after the business hub of New York City was named as downtown, the word has entered...Saudi Crown Prince Mohammed bin Salman announced the establishment of Saudi Downtown Company
The Downtown Jeddah project will cover 5 million square meters and house more than 58 thousand people, likely to be completed in 2029
