Oman to expand production of green hydrogen to boost non-oil economy
Hong Kong - The government of Oman’s targets to expand local green hydrogen production could support key credit metrics, such as...Business Economy Energy Climate Change
Qatar expects a decrease in inflation next year
Doha, Qatar-- Inflation in Qatar is expected to fall in 2024, according to Ali bin Ahmed Al Kuwari, the Minister...Business Economy
Binance may move to Dubai as part of crypto deal
TRENDS broke this news in October. The agreement will regulate the offering, issuance, listing and trading of encrypted assets of...TRENDS broke this news in October. The agreement will regulate the offering, issuance, listing and trading of encrypted assets of the firm that is based in Seychelles.
Dubai is competing with Singapore, Switzerland, and other countries to become a worldwide hub for digital currency by developing a crypto-currency free-trade zone
GCC Summit issues Riyadh Declaration
The region’s common economic, defense and security integration and unity and coordinating stances were reviewed at the 42nd GCC Summit.They Gulf leaders seek to enhance solidarity and stability among GCC member states
The Supreme Council will hold its 43rd session under Oman’s presidency
Cooperation, security remain focus of GCC summit
The GCC leaders discuss political issues and security challenges that require intensified efforts to enhance regional solidarity.The GCC leaders discuss political issues and security challenges that require intensified efforts to enhance regional solidarity
The 42nd session of the Supreme Council of the GCC countries, chaired by Saudi Arabia, seeks to strengthen the process of cooperation
IEA sees ‘more comfortable’ year for oil market in 2022
The Omicron coronavirus variant will slow the recovery in global demand for oil but the market will be "more comfortable"...The IEA said it had revised downwards its forecast for global oil demand by an average of 100,000 bpd for 2021 and 2022.
The surge in new Covid-19 cases is expected to temporarily slow, but not upend, the recovery in oil demand.
Jordan, USAID sign two agreements worth $597m
Jordan Minister of Planning and International Cooperation Nasser Shraideh and USAID Jordan Mission Director Sherry Carlin signed the agreements.Jordan Minister of Planning and International Cooperation Nasser Shraideh and USAID Jordan Mission Director Sherry Carlin signed the agreements
Under one of the agreements, the US government will transfer the second and final installment, of $245 million from its $845 million US cash grant to the Kingdom in 2021
Russia vetoes UN resolution on climate change as global security threat
China abstained, while India voted against, arguing that global warming was chiefly an issue related to economic development, rather than...China abstained, while India voted against, arguing that global warming was chiefly an issue related to economic development, rather than international security
The resolution had called on the UN chief to report within two years "on the security implications" of climate change on issues addressed by the Security Council
CBUAE mulls Emiratisation of leading banking, insurance professions
The proposal was mooted at the apex bank's fifth board meeting chaired by Sheikh Mansour bin Zayed Al Nahyan, Deputy...The board approved the CBUAE's projected budget for the year 2022
The bank also approved criteria of the UAE banks' loan exposure to realty sector
Trade between Mexico and UAE grew by 38 percent in last five years
Mexico-UAE bilateral trade has witnessed an approximate 38 percent upsurge in the past five years (2016-2020), a senior Mexican official...The bilateral trade between 2016 and 2020 registered an average annual growth rate of 6.7 percent, from $511m in 2016 to $705.1m in 2020.
Mexico has the capacity to be a strategic partner for it in the agri-food sector, said Martha Delgado Mexican Vice Minister for Multilateral Affairs.
Abu Dhabi Investment Office concludes investor interaction program
The Abu Dhabi Investment Office (ADIO) has connected with hundreds of global business leaders, entrepreneurs and innovators in a series...A series of six inaugural events by its international offices discussed expansion opportunities to the UAE capital.
ADIO’s offices in London, Paris, Beijing, Seoul, New York and San Francisco each organized an event.
Loubnany platform launches next month, will promote Lebanese economy
An online electronic platform named 'loubany', aimed at promoting Lebanon's economy and industry, will be launched in on 15 January...The platform spells out its vision as 'Lebanese production, creativity, innovation and competence to reach the four corners of the world'.
The platform particularly addresses Lebanese Diaspora to support the Lebanese economic initiatives.
