‘Innovation is crucial for UAE’s energy efficiency’
"Through effective and constructive collaboration with various local and international partners, we have succeeded in establishing an integrated energy transition...Economy Energy
WEF24: GCC poised for growth amid global challenges
The region is on a growth track due to modernization, education, and broad integration with global economies, Joshua Friedman of...Economy
Amazon Web Services unveils the AWS Middle East (UAE) region
Abu Dhabi, UAE - Amazon Web Services (AWS) announced Tuesday the launch of its second Region in the Middle East,...AWS estimated its projected spending on the construction and operation of new Region will support an average of nearly 6,000 full-time jobs.
The AWS Middle East (UAE) Region will also add an estimated $11 billion over the next 15 years to the UAE’s gross domestic product (GDP).
Moscow warns EU against restricting Russian tourists
The Kremlin on Tuesday warned it would respond if the European Union makes it harder for Russians to travel to...The idea to ban Russian tourists from Europe has divided EU nations, with some in full support and some against it.
The European Union had already suspended visa facilitation for Russian official delegations and business leaders.
DMCC welcomes 15 companies for training program
Dubai Multi Commodities Centre (DMCC), the Government of Dubai Authority on commodities trade and enterprise, has announced that 15 companies...The program will support the growth of impact-driven businesses that align with the United Nations Sustainable Development Goals.
The program is a part of the DMCC’s wider Environmental Social Governance strategy
UAE offers low-risk business climate
Unstable political conditions in several Arab countries make them high- or extreme-risk places for businesses.Country risk assessment is the process of determining a nation's ability to transfer payments.
It takes into account political, economic and social factors. It is used to help organizations make strategic decisions when conducting business in a country with excessive risk.Â
What can Europe do to fight soaring power bills?
European leaders want to break the link between soaring gas prices and electricity bills, a wholesale reform of the EU...Electric power can't be stockpiled, unlike natural gas, so production and use must constantly be balanced.
In the EU, electricity pricing is determined by the cost of the last energy source employed to respond to demand - often a gas-fired power plant
DEWA ranks as 3rd most valuable utility brand in Middle East
Dubai Electricity and Water Authority (DEWA) has been ranked the third most valuable utility brand in the Middle East and...Dubai Electricity and Water Authority has been ranked the third fastest growing brand in the UAE
The report said that the remarkable success of DEWA's IPO in H1 2022 was also due to the strength of the utility's brand
India’s Adani becomes world’s third-richest person
The self-made billionaire has seen his net worth more than double to $137.4 billion in the last year, rising 20...Prince Alwaleed bin Talal Al Saud, the founder of Kingdom Holding, a conglomerate with stakes in hotels, real estate and equities, is the only Arab billionaire among the top 100.
Egyptian tycoon Nassef Sawiris (net worth $7.06 bn), MA Yusuff Ali (UAE, $5.87bn) and Muhammed Al Amoudi (Saudi Arabia, $5.78 bn) are the other Arabs in the list of 500.
China state support for economy this year exceeds 2020, premier says
Economists have widely predicted that China will fail to meet its 5.5 percent GDP growth target, blaming record youth unemployment,...China's economy has also been battered by the two-month lockdown of Shanghai, a nationwide mortgage boycott, and a severe drought and heatwave
The grim economic outlook underscores the difficulty of balancing economic growth with the country's strict zero-Covid policy
UAE operates air bridge to provide relief to flood victims in Pakistan
The relief aid includes shelter materials, humanitarian needs, food and medical parcels for those affected by torrential rains and floodsThe relief aid includes shelter materials, humanitarian needs, food and medical parcels for those affected by torrential rains and floods
The move follows the order of the UAE president Sheikh Mohamed bin Zayed Al Nahyan to provide all forms of support to Pakistan
‘Third’ of Pakistan under water as flood aid efforts gather pace
The rains that began in June have unleashed the worst flooding in more than a decade, washing away swathes of...In the south and west, dry land is limited, with displaced people crammed onto elevated highways and railroad tracks to escape the flooded plains
Pakistani officials have blamed climate change, which is increasing the frequency and intensity of extreme weather around the world
