Clean energy sees marked investment rise since 2020
With a 40% increase in clean energy investments since 2020 and a focus on innovative policies, the global community is...Economy Energy
Global trade likely to decline in 2023 due to changing trade patterns, geopolitics
DUBAI, UAE - The outlook for 2024 remains “highly uncertain and generally pessimistic,” UNCTAD says in the Global Trade Update,...Business Economy Geostrategy Global
UAE and KSA: Competing for a real estate pie
Saudi Arabia and the United Arab Emirates contributed about 70 percent of the total value of the Gulf Cooperation Council's...Saudi Arabia and the UAE contributed about 70 percent of the total value of the GCC's real estate deals in H1 2021
Reports published by KAMCO Research claim Saudi Arabia provided 44% of the value of deals in the MENA region in 2021
Kuwait population down 0.9 percent in H1 due to expat exodus
DUBAI: Kuwait’s population decreased by 0.9 percent in the first six months of this year to 4.62 million, as expatriate...More than a third of Kuwait population under 15, likely to put more pressure on the labor market.
Total employment fell by 1.7 percent in H1 due to moderation in hiring activity among Kuwaiti nationals in the private sector and a drop in expat employment.
Dubai sees growth in employment opportunities as Covid-19 cases drop
As a result of fewer travel restrictions following vaccination and a decline in Covid-19 cases, Dubai has experienced a turnaround...Dubai-based Emirates will hire 3,000 cabin crew members and 500 airport staff workers over the next six months
Amazon is planning to hire 1,500 people in the UAE this year
$4 billion infrastructure and road projects ready for Expo 2020: RTA
The Road and Transport Authority has charted out technical event management plans and developed a structure for the mobility of...The projects included the construction of an Enterprise Command and Control Centre, hailed by RTA as one of the biggest and most sophisticated control centers in the world.
Dubai Metro Expo 2020 Station will operate on October 1, synchronized with the official opening of Expo 2020.
Sudan protesters block crucial oil pipelines
Demonstrators blocked the entrance to the airport and a bridge linking Kassala State in the east with the rest of...Demonstrators blocked the entrance to the airport and a bridge linking Kassala State in the east with the rest of the country
The unrest comes as Sudan grapples with deep economic woes left in the wake of Bashir's ouster
Transformative projects focus of new UAE cabinet
The government work 'will be led by major transformative projects and not just long-term strategic plans, says Sheikh Mohammed.The new strategy comes with the government's previous plan, UAE Vision 2021, through which the emirates has achieved all its goals in the past 10 years, Sheikh Mohammed said.
Unlike previous 5-10 year cycles, the coming cycles of change will be flexible and six months to two years long, he added.
Digital inclusion vital for economic growth: Experts at WEF discussion
DUBAI: An estimated 47 percent of people worldwide are offline, and the cost of available broadband exceeds affordability targets in...An estimated 47 percent of people worldwide are offline, and the cost of available broadband exceeds affordability targets in 50 percent of developed countries.
The UAE’s information and communications technology spending is estimated to reach $23 billion by 2024.
Fed policy tightening not at all bad for Gulf economies: Jefferies
The impending end of super-loose monetary policy from the Federal Reserve will have both positive and negative effects on the...A likely strengthening of the dollar, to which Gulf currencies are pegged, may push down inflation, because it makes imports less expensive
Higher interest rates on dollar-denominated assets tend to lead to outflows from emerging markets
IMF chief: ‘Did not pressure anyone’ while at World Bank
An independent investigation found that during her time as World Bank CEO, Georgieva was among top officials who pressured staff...An independent investigation found that during her time as World Bank CEO, Georgieva was among top officials who pressured staff into changing data to China's benefit
The bank has since scrapped the report, while the US Treasury called the findings "serious."
UAE reviews food systems transformation at UN
The world must act, and act now, if we are to reach zero hunger by 2030, the UAE’s Minister of...There is no more time for planning in the run-up to 2030, which is designated the Decade of Action
The combined efforts of all actors is necessary for the world to meet the UN’s Sustainable Development Goals
