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
Investment in Qatar free zones reaches US$1.3bn, says QFZ chairmanÂ
DOHA, QATAR - Minister of State and Chairman of Qatar Free Zones Authority (QFZ) Dr. Ahmad bin Mohammed Al Sayed...Business Economy Geostrategy
Abu Dhabi to launch blockchain, virtual assets strategy
The Abu Dhabi Blockchain and Virtual Assets Committee (ADBVAC) held its first meeting under the chairmanship of Mohamed Ali Al...The Abu Dhabi Blockchain and Virtual Assets Committee has been formed to look into various aspects of the field
The committee comprises representatives of major entities and stakeholders active in this field
European gas prices approach record peak on Russian supply fears
Europe's benchmark Dutch TTF gas contract advanced to 318 euros per megawatt hour before paring gains. That was not far...Prices have spiked in recent days as a three-day halt in Russian deliveries to Germany via the Nord Stream 1 pipeline approaches.
One-year forward contracts for electricity prices in both France and Germany surged on Thursday to record pinnacles on worries over a winter energy crunch.
ENEC hosts top performing students from Al Dhafra region
The Emirates Nuclear Energy Corporation (ENEC) has hosted a recognition ceremony at the Barakah plant for top-performing students from the...The hosting of students reflects ENEC's stand to provide UAE youth with skills to become future leaders of the nation's growing nuclear energy sector.
The event include an educational tour for students to visit Barakah Plant, the first multi-unit operational nuclear plant in the Arab World.
Asian markets rise with eyes on China, Fed speech
Central bankers are meeting in Jackson Hole in the US state of Wyoming, and all eyes are on Federal Reserve...Asian traders on Thursday followed a positive lead from Wall Street, where the Dow, Nasdaq and S&P 500 all closed higher
Central banks around the world are trying to find a delicate balance between curbing inflation and avoiding recessions
Assets of UAE national firms climbs 10% to $116bn in H1
A total of 74 listed companies listed in the Abu Dhabi Securities Exchange (ADX) accounted for 59.8 percent of total...According to the disclosures made by 118 listed companies, their assets increased to $1.289 trillion at the end of June
The banking sector was the leading contributor, with 17 banks accounting for 69 percent of total assets, valued at $891 billion at the end of June 2022
Jordan’s power supply to West Bank doubles after Jordan Valley plant’s upgrade
Jordan's Prime Minister emphasized that the project reflects Jordanian commitment to assist in laying the foundation for an independent Palestinian...Jordan's Prime Minister emphasized that the project reflects Jordanian commitment to assist in laying the foundation for an independent Palestinian state
He added that Jordan is doing everything possible to safeguard the historical and legal status of Al-Aqsa Mosque and Al-Haram Al-Sharif
Kuwait raises oil production to meet growing demand
The increased production is consistent with announcements made by Kuwait Petroleum Corporation.The increased production is consistent with announcements made by Kuwait Petroleum Corporation
Kuwaiti oil minister Dr Al Faris said that Kuwait will continue to support efforts to promote market stability
Saudi Arabia’s merchandise exports in June up 75 percent: GASTAT
Saudi Arabia’s merchandise exports during June 2022 increased by more than 75 percent to 148 billion riyals ($39.37 billion) compared...The non-oil exports (including re-exports) rose by 26.8 percent to 30 billion riyals in June 2022, compared to 24 billion riyals in June 2021.
The kingdom’s merchandise imports during June 2022 amounted to 60 billion riyals, compared to 47 billion riyals during June 2021, an increase of 28.9 percent.
In blazing heat water taps run dry in southern Iraq
More than 3,300 families across 10 provinces in Iraq's center and south were displaced due to "climate factors" as of...Authorities blame drought for the current water shortages, but also dams built upstream on some rivers and tributaries in neighboring Turkey and Iran
A report published this month by the International Organization for Migration in Iraq said that "climate migration is already a reality" in the country
China warns of ‘severe’ threat to harvest from worst heatwave on record
The world's second-largest economy has been hit by record temperatures, flash floods and droughts this summer -- phenomena that scientists...More than 1,500 people in the area surrounding Chongqing were evacuated on Monday after hot and dry conditions sparked multiple wildfires
The national meteorological service renewed its warnings for drought and high temperatures on Tuesday
