Wars to cast pall over meeting of global VIPs in Davos
Paris, France - The world's political and business elites will convene in Davos next week, with wars in Gaza and Ukraine...Business Economy
US consumer inflation jumps more than expected to 3.4 percent
Washington, US - Consumer inflation in the United States rose more than anticipated in December, government data showed Thursday, underscoring the...Economy
COP28: An opportunity to create a new narrative
The COP28, to be hosted in Dubai in 2023, is at a convenient time frame away from the recently concluded...The Middle East, with its long-standing water and food scarcity, arid/semi-arid climate, desert conditions, and a lack of groundwater resources, is key victim of global warming
Ahead of hosting COP28, the UAE is well-positioned to press ahead with its strategies for sustainable food, water and agriculture systems
UAE, Saudi Arabia in key global pension index
Here’s a look at what landed the UAE and Saudi Arabia among some of the better countries with a pension...A good pension scheme could help a person retire with varying degrees of financial independence
It depends on factors like their monthly pension amount, passive income, and overall expenditure
Jordan saw its GDP grow 2.2% in 2021 as compared to 2020
The numbers come from a quarterly statistical report released on Sunday by the Department of Statistics.The country’s GDP inched up by 2.6 percent in the fourth quarter of last year compared to the same period in 2020
The construction sector expanded 6.1 percent in the reporting period, followed by the extractive industries at 5.6 percent
UN talks on climate solutions wrap up two days into overtime
Two-weeks of virtual talks were contentious from the start, as nearly 200 nations grapple with hard choices about how to...Two-weeks of virtual talks were contentious from the start, as nearly 200 nations grapple with hard choices about how to rapidly purge carbon pollution from their economies.
The UN's Intergovernmental Panel on Climate Change (IPCC), due to be published on Monday, will detail how industries must be reimagined to cut greenhouse gas emissions
Britain may build seven nuclear power plants by 2050
Britain could build up to seven new nuclear power plants by 2050, as well as offshore wind to diversify energy sources,...Britain has set itself a target of carbon neutrality by 2050 and the government could publish a delayed new energy security strategy
About 21 per cent of Britain's electricity comes from 15 nuclear reactors today, according to Energy UK trade association
Bahrain authorities allay fears over tomato price rise
Bahrain’s Ministry of Industry, Commerce, and Tourism has announced that big shipments of tomatoes would arrive within the next few...Bahrain’s Ministry of Industry, Commerce, and Tourism has said it is closely monitoring the availability of products in the central markets
The ministry is looking to ensure that there are multiple options for basic food products, such as fruits and vegetables, at the usual prices
People flee Lebanon to Iran in search of employment
Lebanon is grappling with an unprecedented financial crisis that the World Bank says is of a scale usually associated with...Lebanon’s crisis, driven by years of endemic corruption, has seen its currency lose more than 90 percent of its value against the dollar
The monthly minimum wage now fetches around $30 on the black market, with 80 percent of the population now living in poverty
War-torn Yemen holds breath as breakthrough truce begins
The UAE has expressed its "support" for the UN ceasefire, which was also welcomed by the US, UN chief Antonio...Houthi rebels and the Saudi-led coalition agreed to stop all ground, air, and sea military operations in Yemen for two months
Both sides involved in the Yemen conflict have agreed to open roads in Taez and other governorates
Gulf countries warm up to waste-to-fuel plans
Here’s a broader look at how the region has prioritized solid-waste recycling and the production of alternative fuels to deal...Solid waste management is one of the most critical challenges facing all GCC countries
Construction waste accounts for 53% of the total solid waste generated in the Gulf countries
Fitch Ratings says Saudi corporates’ funding mix is evolving
Saudi corporates’ funding mix is evolving, with the debt capital market for firms increasing noticeably and averaging a 10 percent...Fitch also expects the large Islamic banking sector to drive domestic sukuk growth
Local Sukuk issuances have steadily grown in the local capital market, totalling 41 percent of DCM activity in 2021
