G20 leaders gather in Brazil on Monday to discuss fighting poverty, boosting climate financing and other multilateral initiatives that could...
Dozens of world leaders convene in Azerbaijan on Tuesday for COP29 but many big names are skipping the UN climate...
The UAE president Sheikh Mohamed bin Zayed Al Nahyan, and Abdel Fattah El Sisi, President of Egypt have met recently...The UAE president Sheikh Mohamed bin Zayed Al Nahyan, and Abdel Fattah El Sisi, President of Egypt have met recently on several occasions
Egypt eyes the effective participation of UAE investors under the umbrella of the State Ownership Policy Document, Egyptian PM Madbouly said
The Kazakhstan ambassador valued the UAE leadership's interest in strengthening relations between the two countries, pointing out that the 1st...Emirati investments in Kazakhstan amounted to about $2.7 billion since the establishment of diplomatic relations.
Value of Kazakh investments was more than $1 billion, and total direct investment flows from the UAE increased 43 percent.
The five companies, together with Saudi Egyptian Investment Company (SEIC), a wholly-owned PIF subsidiary that was launched in August 2022,...The announcement was made on the second day of the 6th Edition of the Future Investment Initiative, where top CEOs, investors and world leaders are participating.
The companies will invest in various key sectors, including but not limited to, infrastructure, real estate development, mining, healthcare and financial services.
"The current transition plan isn't working. We are still dependent on coal. We need to have a new consensus on...Lord Adair Turner, chair of the Energy Transitions Commission, said Europe was burning more coal this year as it is shot of gas, but transition towards renewables is ongoing.
Saudi Finance Minister Mohammed Al Jadaan said there is more thinking about renewable energy and a realization that the transition to renewables is not going to take place soon.
Saudi Arabia has prepared for years for the conditions that the world is witnessing, which enabled it to be in...Saudi Arabia has prepared for years for the conditions that the world is witnessing, which enabled it to be in a better status than many other countries, says Al-Jadaan in Riyadh
Saudi Arabia is mobilizing the capabilities of multilateral development institutions to ensure support for regional countries, the Kingdom's Finance Minister added.
According to an analysis based on data released by Beijing's Ministry of Finance on Tuesday, the budget shortfall for all...China is also battling an unprecedented crisis in its real estate sector, which makes up more than a quarter of the country's GDP when combined with construction
Consumer demand has also been dampened by sudden lockdowns and strict travel restrictions under Beijing's strict zero-Covid policy
- Israel, with its turbulent politics, heads back to the polls next Tuesday, for the fifth general election in less than...
Much of the world has endured rapid inflation since Russia's war in Ukraine started early this year, driving up energy and food prices everywhere
But in Israel the problem has been acute for years, blamed in part on the strong shekel which makes imports more expensive
Qatar is currently more like a workshop of preparation and equipping, in which Qataris and residents have engaged. Brotherly and...Qatar's GDP during the first half of this year increased by 4.3%, supported by a 7.3% growth rate of the non-oil sector
The hike in energy prices turned a projected budget deficit at the beginning of the year into a surplus of about QAR 47.3bn in H1
- The firm's total VLCC fleet value is now $245 million.
VLCC Acrux (previously Elandra Everest) is the name of the third VLCC vessel Al Seer Marine has taken delivery of in October 2022.
In addition to the three VLCCs, Al Seer Marine recently acquired two liquefied petroleum gas (LPG) tankers valued at US$70 million.
ABU DHABI, UAE - In the UAE the revenues at the federal level increased by 26 percent from US$100 billion...Social contributions in the UAE also rose from US$3.5 billion (AED12.9 billion) in 2020 to $3.6 billion (AED13.5 billion) in 2021.
The value of other revenues increased by 24 percent from $55.4 billion in 2020 to $68.5 billion in 2021.
