‘Private sector plays key role in climate resilience’
Private sector has the ability to mobilize resources and foster innovative solutions for vulnerable communities, Dominica's Environment Minister Cozier Frederick...Economy Climate Change
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...Economy
Dubai records $1.2 billion realty deals
AED 2 billion worth of properties were mortgaged, the highest being a plot of land in Al Hebiah First, mortgaged...The highest number (21) of sales worth AED 59.14 million were recorded in Nad Al Shiba Third.
AED 2 billion wroth of properties were mortgaged, the highest being a plot of land in Al Hebiah First, mortgaged for AED 333 million.
Cargo ship splits in two after running aground at Japan port
Aerial images showed the separated stern of the Crimson Polaris tipped upwards and the other part of the stricken boat...Aerial images showed the separated stern of the Crimson Polaris tipped upwards and the other part of the stricken boat listing into the sea
Authorities were trying to contain the oil leak but had not yet been able to erect an oil fence around the boat
Lebanon leaders, central bank lock horns over fuel subsidies
In a country suffering from one of the worst economic crises in the world, this could effectively raise prices for...The central bank on Wednesday ended subsidies on imported fuel, and instead offered importers a line of credit
Caretaker Prime Minister Hassan Diab said the move ‘contravenes the law’
US urges OPEC+ to pump more oil
US national security adviser Jake Sullivan has criticized the world's major oil producers over their production speed.The US believes lower oil prices resulting from slower pumping would be detrimental to a global economic recovery
As such, it has said it is engaging with ‘relevant OPEC+ members’ to urge them to extract more oil
Dubai hotels may work full capacity
Under new Covid-19 directions for tourism sector, the number of participants in community events has been increased to 2,500 for...The number of participants in community events increased to 2,500 for indoor activities and 5,000 for outdoor functions with no mandatory vaccination.
Recreational and entertainment destinations such as museums, cinemas, exhibitions and tourism spots may increase their capacity to 80 percent.
Jazeera Airways posts 138% growth in passenger traffic in Q2
The operational performance shows positive signs that travel will recover at a fast pace after eased restrictions come to effect...The operational performance shows positive signs that travel will recover at a fast pace after eased restrictions come to effect by the middle of Q3 2020
The airline registered a net loss of KD6.5 million for Q2 on account of the higher costs due to increased operations and higher fuel prices
DP World to help SMEs with trade finance
This is part of its strategy to become a global trade enabler.DP World will connect companies needing trade finance solutions with financial institutions on its Cargoes Finance platform
The platform will disseminate trade data to financial institutions, so they can assess credit and compliance risks
Non-Saudis can now own one property in the country
This new move could make Saudi Arabia appear more expat-friendly as the nation looks to project itself as a regional...Interested individuals may use Saudi Arabia's Absher platform to go about acquiring property in the country
However, they will have to fulfill conditions, like having a valid and ongoing residency permit in the country
Only serious reforms will get Lebanon foreign aid: Saudi Arabia
The Saudi Cabinet, however, reiterated its solidarity with the country whose people are looking at a deepening economic crisis.Lebanon’s economic crisis has been described by the World Bank as one of the 10 worst of its kind since the mid-1800s
The World Bank also said the crisis has the potential to be among the top 3 of all time
Saudi Central Bank to augment Islamic banking
The Saudi Central Bank or SAMA has launched two programs to augment Islamic banking through research and translation, local reports...They are the Islamic Finance Research Support Program and the Islamic Finance Research Translation Program
Both programs are expected to offer cash prizes for the best research papers in various categories
