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
‘Investment policies must align with net-zero goals’
An alliance of public and private sectors is crucial for advancing the green agenda and effectively managing supply chain emissions,...Economy Climate Change
UN needs another $100trn for SDGs
The Force for Good initiative has said the UN has funding gap of $84-101 trillion in achieving the SDGs.The 17 SDGs are goals that the UN set forward in 2015, which would be accepted by all its members states, to build a better planet
They include, but are not limited to goals like No Poverty, Zero Hunger, Good Health and Well Being, Quality Education, and Gender Equality
Messi, Neymar’s club PSG to play in Riyadh Season Cup
PSG boasts a stellar line-up, with the likes of Lionel Messi, Neymar, Kylian Mbappé, and Sergio Ramos taking to the...The tournament will be played in January next year as part of the second edition of Riyadh Season
The event, which celebrates the city, will be held from October 2021 to March 2022
UAE paradigm shift: Equal pay for both genders
On September 18, the UAE joins countries worldwide in celebrating International Equal Pay Day. It was approved by the United...The country was ranked 18th in the Gender Inequality Index (GII) of the UNDP Human Development Report 2020
The UAE was ranked first across the Arab world in the World Economic Forum Global Gender Gap Report for 2021
UAE, UK partner to counter illicit financial flows
The partnership offers a platform to build a stronger and more enduring strategic partnership, advancing the priorities laid out in...The agreement is part of the new Partnership for the Future between the two countries
The partnership will enhance intelligence sharing and joint operations against organised crime networks
World on path to 2.7C warming, warns UN chief
Instead of the reductions needed to avoid the worst effects of climate change, global emission are likely to see "a...The figure would shatter the temperature targets of the Paris climate agreement
Under the landmark 2015 Paris deal, nations have committed to slash emissions
Region’s private equity market set to revive
The region’s industry executives are working hard to improve the dented image and put the sector back on track by...Bahrain-based Investcorp Holding, the region’s biggest private equity and alternative asset manager, is looking for fresh deals after the pandemic made companies cheaper to buy
Globally, the PE firms manage about US$3 trillion of capital for various investors but in Middle East, they manage a nominal US$18 billion
UAE to establish business council with Estonia
The council will aim to enhance bilateral economic and trade relations between the two countries.The MoU was signed by Abdullah Mohammed Al Mazrouei, Chairman of the Federation of UAE Chambers of Commerce and Industry
Peeter Raudsepp, CEO of Enterprise Estonia, signed the agreement on behalf of his country
Dubai-France trade reaches AED8.5 billion in the first half of 2021
DUBAI: The emirate of Dubai sees tourism and exhibition activity returning to normal, with EXPO 2020 around the corner, according...The emirate sees tourism and exhibition activity returning to normal, with EXPO 2020 around the corner, according to DP World chairman.
Top commodities included jewelry, perfumes, medical products, textiles and leather.
First Iranian fuel deliveries reach Lebanon
Lebanon has been without a government for more than a year, and the main priority of Prime Minister Najib Mikati's...The first Iranian ship with fuel reached the Syrian port of Baniyas earlier this week
The cargo was offloaded there and trucked to Lebanon, the first of several planned deliveries
Yemenis protest hardship in govt-controlled south
Around 80 percent of its 30 million people depend on international relief and aid groups complain of financing shortfalls.Around 80 percent of its 30 million people depend on international relief and aid groups complain of financing shortfalls
Yemen's economic woes stem from the seven-year conflict between Huthi rebels and government forces
