Non-oil sectors drive robust growth in GCC countries, says World Bank report
While developing countries paid a record US$1.4 trillion to service debts, the non-oil sectors in the GCC countries are fueling...Economy
Trump’s tariff threats stoke global fears, prompting retaliation warnings from allies and rivals
US President-elect Donald Trump's sweeping tariff plans target Canada, Mexico, and China, raising fears of a global trade war, with...Economy
Digitization helps UAE make supply chain sustainable
"The UAE launched the 'Trade Tech Initiative' in partnership with the World Economic Forum. The initiative aims to accelerate the...Green trade as a key driver for a sustainable, resilient global economy.
E-commerce growth in the UAE contributes to carbon emission reduction.
NEOM launches ‘Topian’ to ensure climate-proof agriculture in Saudi
NEOM, Saudi Arabia:Â NEOM, a mega-city project in Saudi Arabia characterized by futuristic urban planning and advanced technologies, Sunday announced the...Topian has been launched with the support of the Saudi Ministry of Environment, Water and Agriculture (MEWA).
Topian has signed numerous local and international strategic partnership agreements with organizations that share Topian’s commitment to reshaping the future of food.
Faster hydrogen production needed for energy transition: WTO
Abu Dhabi, UAE-- In order to speed up the energy transition there must be a fast increase in the production...IRENA believes that hydrogen and its derivatives would meet 14% of global final energy consumption in 2050
Hydrogen generated from renewable power is recognised as a key pillar in replacing fossil fuels and decarbonising sectors
UAE to tie up with ACSAD to achieve zero neutrality by 2050
Dubai, UAE--The Arab Centre for the Studies of Arid Zones and Dry Lands (ACSAD) will partner with the UAE's Ministry...ACSAD has offered at COP28 several solutions to the problem presented by climate change, including challenges like dealing with water scarcity and food security
Dr. Homsi said that Arab summits had given ACSAD the task to implement a number of projects, such as the production of wheat varieties resistant to drought, high temperatures
Underinvestment haunts youth-led climate solutions
“Our appeal is that children and youth are integral to any discussion, debate, negotiation in a meaningful, participatory, and intentional...Less than 1% of global fund investments go into youth-led climate solutions, says Carla Haddad Mardini of UNICEF.
Only 2.4% of climate finance aids children, she says, adding that COP28 sets groundwork for future climate actions.
ENEC signs MoU with Egypt
They will explore to advance the use of nuclear energy.The UAE's nuclear body is focused on strategic investments, research and development, and innovative approaches to cater to the need for clean energy sources
It is cooperating with local stakeholders to determine deployment pathways, and with international partners for both technology and project collaboration opportunities
Joint ministerial committee meets US secretary of state
Washington, US – A committee of the Joint Arab-Islamic Extraordinary Summit under the chairmanship of Prince Faisal bin Farhan bin...A ministerial committee led by Saudi foreign minister holds discussions with US Secretary of State.
The committee asked the US to influence Israel and called for an immediate ceasefire in Gaza.
Nadia Calvino is now European Investment Bank head
BRUSSELS, BELGIUM - Margrethe Vestager is preparing to return to her day job as the European Union's competition chief after a...After the EU selected Nadia Calvino, Margrethe Vestager, 55, said she would "resume" her duties at the European Commission, the Eu's executive arm.
Vestager's star has waned in recent years following a series of setbacks in EU courts against some of the world's biggest companies, including Apple.
OPEC implores members to oppose any COP28 deal targeting fossil fuels
Dubai, UAE--The head of OPEC has urged members of the oil cartel to reject any deal at UN climate talks...The OPEC chief urged members to reject any text or formula that "targets energy i.e. fossil fuels rather than emissions"
On Friday, negotiators released an updated text that still includes various options for exiting oil, gas and coal
UAE’s GCAA signs MoUs with Brazil, Switzerland in air-transportation sector
Riyadh, Saudi Arabia--The General Civil Aviation Authority (GCAA) of the UAE signed two memorandums of understanding (MoUs) with Brazil and...The MoUs were signed on the sidelines of the UAE delegation's participation in the fifteenth ICAO Air Services Negotiation (ICAN2023),
The GCAA chief said the UAE is eager to strengthen cooperation in the field of air transportation with various countries around the world
