44% of workers’ core skills will be disrupted by 2027: WEF
The world of work is changing fast. By 2027, businesses predict that almost half (44%) of workers’ core skills will...Economy
Saudi Arabia, Swiss Fund unveil billion-euro initiative for zero-emissions investments
Riyadh, Saudi Arabia - Saudi Arabia and Swiss Fund have decided to initiate financing initiatives in the debt market in...Economy
Tunisia recalls Morocco envoy in W. Sahara row
Tunisia said Saturday it would recall its ambassador from Morocco for consultations, a day after the kingdom did the same...Tunisian President Kais Saied had on Friday hosted Polisario chief Brahim Ghali who arrived to attend the Japanese-African investment conference TICAD.
In response to what it called a hostile and "unnecessarily provocative" act, Morocco withdrew its Tunis ambassador for consultations and cancelled its own participation.
UN session on high seas biodiversity ends without pact
United Nations member states ended two weeks of negotiations without a treaty to protect biodiversity in the high seas, an...Many had hoped the session would be the last and yield a final text on "the conservation and sustainable use of marine biodiversity beyond national jurisdiction.
It will now be up to the UN General Assembly to resume the fifth session at a date still to be determined.
Saudi Fund to finance building of Cameroon hospital
The hospital will help tackle chronic disease and reduce mortality rates and also alleviate overcrowding in other hospitals of the...The agreement was signed by SFD CEO Sultan Al-Marshad, and the Cameroonian Minister of Economy, Planning, and Regional Development, Alamine Ousmane Mey
The agreement will help to build and equip the hospital with 200 beds and develop specialized medical departments, centers, and buildings
Energy crisis pushes nuclear comeback worldwide
Investment in nuclear power declined after Japan's 2011 Fukushima disaster, the world's worst nuclear accident since Chernobyl in 1986, as...Governments face difficult decisions with rising gas and electricity bills and scarce resources threatening to cause widespread suffering this winter
One of the countries reconsidering nuclear energy is Japan, where the 2011 accident led to the suspension of many nuclear reactors over safety fears
Taming inflation will inflict ‘pain’ on Americans: Fed’s Powell
Addressing the annual gathering of central bankers in Jackson Hole, Wyoming, Powell did not hold back or leave room for...The Fed this year launched an aggressive campaign to raise interest rates and Powell made it clear that the fight against inflation is not over
Powell doused hopes of a policy pivot, making it clear that Fed policy and the benchmark borrowing rate would have to remain "sufficiently restrictive."
Agreement signed to implement Abu Dhabi Agri Genome Program
The Abu Dhabi Agriculture and Food Safety Authority (ADAFSA) signed a collaboration agreement with the Khalifa Centre for Genetic Engineering...The program aims at applying the best international practices related to agricultural genetic research.
It aims to develop local spices of plant, animal and fish, to improve agricultural production and address the emirate's climatic and environmental challenges.
Stocks slump after Fed chair vows tough inflation fight
Stock slumped on Friday after Federal Reserve boss Jerome Powell pledged to act "forcefully" against soaring inflation in a battle...Modest signs of slowing in the world's largest economy, easing price pressures spurred hope in financial markets the central bank might ease up on its interest rate hikes.
Powell made it clear that Fed policy and the benchmark borrowing rate would have to remain "sufficiently restrictive" to return inflation to its two percent target.
DEWA organizes virtual seminar, 90 Turkish firms participate
Dubai Electricity and Water Authority (DEWA) has organized a virtual seminar with 90 leading Turkish companies in the energy and...DEWA has a clear strategy and specific goals to increase the share of clean and renewable energy in Dubai’s energy mix
The company has launched pioneering projects and initiatives to diversify clean energy sources
German govt to relook huge gas levy amid outrage
German ministers vowed to reexamine a planned gas surcharge imposed on consumers after it emerged that some energy companies seeking...The levy, to be imposed from October 1, had been grudgingly accepted as a compromise to help prevent the energy market from collapsing.
The levy sparked outrage after it emerged that some energy firms which have doubled their revenues in H1 2022, have registered to receive a share.
Turkey plays down US sanctions threat over Russia ties
Turkey's finance minister told businesses on Friday they should not be concerned by the threat of sanctions that Washington warns...The value of Ankara's trade with Moscow shot up by nearly 50 percent between May and July this year as NATO member Turkey has refused to join the international sanctions.
US Deputy Secretary of the Treasury had warned Turkish banks and companies they would face secondary sanctions if they cooperated with sanctioned Russians.
