UAE foreign investment projects second highest in world: UNCTAD
Abu Dhabi, UAE -- The UAE recorded the second-highest increase in the number of new foreign investment projects around the...Business Economy
Bahrain and Slovakia to ramp up cooperation in urban planning
Manama, Bahrain-- Bahrain and Slovakia are looking to ramp up the ongoing cooperation in urban planning and sustainable development.In this...Business Economy
One third of humanity is still totally offline: UN report
The Global Connectivity Report 2022 argues that while easy, affordable access to fast broadband is near-ubiquitous in most rich-world nations,...The report advocates for putting 'universal and meaningful connectivity' at the center of global development.
The cost of broadband subscriptions and digital devices remains a major barrier to connectivity, the report says.
Indian central bank raises interest rates to tame inflation
India's central bank on Wednesday hiked rates for a second time in as many months, as Asia's third-largest economy reels...The Reserve Bank of India raises its key repo rate by 50 basis points to 4.90 percent
Consumer inflation has consistently overshot the central bank's two-to-six percent target range in the first four months of the year
UAE adopting membrane technology to desalinate water
In 2021, the UAE launched a strategic initiative to become carbon-neutral by 2050.In 2021, the UAE launched a strategic initiative to become carbon-neutral by 2050
In 2018, the country put into action the National Water Security Strategy 2036
Ukraine to receive $1.5bn in aid from World Bank
The World Bank on Tuesday approves an additional $1.5 billion in aid for Ukraine, bringing the total planned support package...The new financing from World Bank to Ukraine will be used to pay wages for government and social workers
According to Zelensky, Ukraine's government needs a total of $7 billion aid in a month to continue to function
Baghdad Metro project to be included in Iraqi budget
The 96-kilometers-long ring road project which is currently in the design phase will be completed in four phases.The 96-kilometers-long ring road project which is currently in the design phase will be completed in four phases
There are several projects to relieve the traffic bottlenecks, including the five entrances to the capital project, a government spokesman said
UAE secures 32% of Japan’s crude oil needs in April
The Agency for Natural Resources and Energy in Tokyo.reported that the amount of crude oil that Japan imported during that...The Agency for Natural Resources and Energy in Tokyo.reported that the amount of crude oil that Japan imported during that month amounted to 87.59 million barrels
Ninety three percent of this originated from seven Arab countries: UAE, Saudi Arabia, Bahrain, Qatar, Kuwait, Oman and Algeria
Countries hand motion censuring Iran to IAEA
The United States, Britain, France and Germany have submitted a motion to the UN atomic energy watchdog to censure Iran...It is a sign of growing Western impatience after talks to revive the 2015 landmark nuclear accord with Iran stalled in March
The vote on the motion is likely to happen on Wednesday or Thursday but Russia refused to be associated with the resolution
Protesters end blockade as East Sudan governor resigns
A coalition of tribes in East Sudan announced on Tuesday the end of a sit-in which blocked roads to the...Beja tribes of Sudan ended their sit-in protest against a 2020 peace deal which they demanded to be scrapped as the Red Sea state governor resigned
Army chief called the upcoming meeting with civilian groups a "historic opportunity" but the civilians have refused to take part
Widening cultural offerings add to Dubai’s growth
Alternative cinematic content is helping the emirate's creative economy diversify and contribute to its GDP, Butheina Hamed Kazim, Founder and...Alternative cinematic content is helping the emirate's creative economy diversify and contribute to its GDP, Butheina Hamed Kazim, Founder and MD of Cinema Akil tells TRENDS
The Dubai Creative Economy Strategy seeks to raise the economic contribution of the creative economy to 5 percent of the emirate’s GDP by 2025
Wall Street stocks down as World Bank lowers global growth outlook
Wall Street stocks fell early Tuesday as the World Bank slashed its global growth outlook and Target warned of lower...The World Bank cut its growth estimate for the global economy to 2.9 percent, 1.2 percentage points below the January forecast.
The broad-based S&P 500 fell 0.5 percent to 4,100.91, while the tech-rich Nasdaq Composite Index also declined 0.5 percent.
