Protecting nature may avert $2.7trn global economic losses: World Bank
Dubai, UAE-- Protecting nature could avert global economic losses by 2030 of US$2.7 trillion per year, or 2.3 percent annually,...Economy Climate Change
Global health crisis looms amid climate change: WEF
Global coalition and trillions of dollars are required to prevent escalating human deaths due to climate change, Dr. Shyam Bishen...Economy Health Climate Change
UAE pulls up underperforming tax authority, energy ministry
The UAE has said some underperforming government offices and ministries have 90 days to improve their digital services.The findings were based on a public poll announced three months ago to gauge efficiency of digital services by government entities
As part of the poll, 55,000 people gave inputs on the digital services provided by 30 government agencies
Airbus joins DAX’s 10 new members
From Sept 20, the index of 30 firms will bring its total membership to 40 firms.From September 20, the index of 30 companies will bring its total membership to 40 firms, becoming the DAX 40
Other additions include Puma, Siemens Healthineers, a subsidiary of the already DAX-listed company Siemens, as well as meal-kit company HelloFresh
Africa data centre expansion plan to cover Morocco, Tunisia, Egypt
The project will involve building 10 hyperscale data centres, in 10 countries, over the next two years at a cost...The project will involve building 10 hyperscale data centres, in 10 countries, over the next two years at a cost of more than US$500m
It is being funded through new equity and facilities from leading development finance institutions and multilateral organisations
Saudi Arabia’s PIF, Tadawul Group plan carbon trading platform
Companies and institutions seeking to reduce their emissions will increasingly turn to the platform to trade carbon creditsCompanies and institutions seeking to reduce their emissions will increasingly turn to the platform to trade carbon credits
Its purpose is to align with regulatory entities to develop methods, business models, and governance practices to reduce climate change effects
Why Golden Residency is not a privilege
Global economic transformation has pushed governments to implement various programs and reform investment rules to make them more flexible to...The UAE is the only Middle Eastern country that issues Golden Visas.
In 2010, the first golden visa program was launched in Latvia.
GCC can help shipping industry curb emissions
Saudi Arabia and the UAE are already off the starting mark in their efforts to supply alternative fuels to the...Hydrogen requires high-pressure tanks when stored as a gas or temperatures of -253°C when stored as a liquid
Ammonia can be used as marine fuel as the conversion process is economical and involves little fuss
Leaders mull Arab Center for Food Security
The 22-member Arab League and its legislative body, the Arab Parliament, are planning to establish a food-security body.The organization would be expected to enhance social and economic security in the region
It would also be expected to achieve sustainable development goals in Arab countries
UAE sends plane carrying urgent food, medical aid to Afghanistan
The UAE foreign ministry confirmed to AFP that "this is the first (Emirati) aid flight since the recent events in...The UAE foreign ministry confirmed to AFP that "this is the first (Emirati) aid flight since the recent events in Afghanistan".
The UAE is one of a number of Gulf states that have been instrumental staging posts for evacuation flights for foreigners and Afghans, along with Qatar, Kuwait and Bahrain
Israel opens Chinese-operated $1.7bn port in Haifa
The port, to be operated by Shanghai International Port Group, is expected to bring competition to a sector plagued by...It is expected to enable larger classes of cargo ships, carrying 18,000 containers or more, to dock in Israel
About 99 percent of all goods move in and out of Israel over sea, and an upgrade is needed to maintain economic growth
Egypt gained most from Islamic Development Bank in 2020
IsDB also contributed to Covid-19 relief in 2020, where it approved financing of around $2.3 billion.IsDB gave out around $6.8 billion to various nations last year
Egypt’s share in that, at $1.13 billion, amounted to around 17 percent
