In Davos, AI excitement persists but fears over managing risks
A recent IMF report said AI would affect nearly 40 percent of jobs around the world, and some 60 percent...Business Economy Geostrategy Global Tech & Media
UAE ranks first in Arab world in labor-resilient countries, says report
Dubai, UAE -Â Against the backdrop of the World Economic Forum in Davos, Whiteshield announces the release of the Global Labor...Business Economy Geostrategy
Dubai ranks second globally in attracting FDI in creative economy
Dubai ranked first in the Middle East and North Africa (MENA) region and second in the world in attracting foreign...Surpassing other major cities such as New York, Singapore and Berlin, Dubai improved its rankings from fifth in 2020.
In terms of the number of new jobs in the creative economy, Dubai held on to its top rank regionally and fourth globally with 6,204 new jobs created from FDI.
World economies witness new stagflationary shocks
Since the outbreak of the pandemic, the Southeast Asian countries have lagged the performance of advanced economies due to initially...The war in Ukraine and the interaction of the highly contagious Omicron variant with China's 'zero-Covid' policy are pushing up global inflation
Southeast Asia has lagged performance of advanced economies due to initial low vaccination rates, supply chain constraints and less accommodative fiscal policies
Saudi Arabia, UPLink in deal to counter sustainable development issues
This is a part of the Kingdom’s agenda to achieve sustainable development 2030 locally and internationally.The Saudi ministry seeks to explore the joint issues in the field of food security, food waste recycling.
The move is a part of the Kingdom’s agenda to achieve sustainable development 2030 locally and internationally.
Iraq allocates $2bn for Baghdad Metro project
Two billion dollars are allocated in the budget for Baghdad Metro project, Iraq’s Minister of Transport Nasser Hussein Al-Shibli said...Prime Minister, Mustafa Al-Kadhimi, said that the phenomenon of traffic jams is unacceptable
Al-Kadhimi stressed the need to work for activating traffic lights in the streets of Baghdad
Wall Street stocks rally first time in two months as inflation dips
Wall Street stocks rallied Friday following signs of moderating inflation, finishing with weekly gains for the first time in about...The Dow Jones Industrial Average climbed 1.8 percent, or about 575 points, to 33,212.96, a weekly increase of 6.2 percent
Friday's gains extend a rally that began Wednesday, reversing the battering stocks have encountered most of the year
Iran Revolutionary Guards say seized two Greek tankers in Gulf
Iran's Revolutionary Guards seized two Greek oil tankers in the Gulf Friday, days after Athens confirmed it would deliver to...Delta Poseidon, one of the Greek tanker was sailing in international waters and second tanker was near the Iranian coast when seized
Greece has accused Iran of "piracy" and confirmed that nine Greeks were among the crews of the two vessels
UAE’s non-oil foreign trade surged to Dh527.5b in Q1-22
The minister added that the UAE's exports grew around 18 percent YoY to AED91 billion by end of Q1-22, noting...The minister added that the UAE's exports grew around 18 percent YoY to AED91 billion by end of Q1-22, noting that exports have doubled over the past five years
Dr. Al Zeyoudi explained that the UAE's non-oil imports grew 25 percent during Q1-22 to AED292 billion, with re-exports hitting AED144 billion
Abu Dhabi tops list of capitals with least traffic congestion for 2021
The new ranking of the UAE capital is based on a combination of criteria, including the rate of traffic congestion...The new ranking of the UAE capital is based on a combination of criteria, including the rate of traffic congestion at intersections and streets at various times during the day
Abu Dhabi recorded 11 percent congestion level, reflecting the impact of the integrated traffic management plan implemented by the Department of Municipalities and Transport
Tourism helps Saudi economy diversify away from oil
The kingdom eyes over 70 million visitors this year as the country jumps from 43rd to 33rd spot on the...Developing the tourism sector is part of the kingdom's plans to diversify the economy away from oil, says Princess Haifa Al Saud
The kingdom plans to make the pilgrimage easier, especially after disruption caused by the Covid-19 pandemic, she highlights
Saudi Arabia launches 40% cash rebate for film productions
The program provides big support to local, regional and international film producers to shoot their works inside Saudi Arabia.The program provides big support to local, regional and international film producers to shoot their works inside Saudi Arabia
The commission called on Saudi and international production companies that are planning to shoot in the oil-rich kingdom to apply for the incentive program
