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
Xi, Biden in Peru for APEC summit, pre-Trump face-to-face
uncertainty over Trump's next moves now clouds the APEC agenda -- as it does for the COP29 climate talks underway...Business Economy
MENA region can create 10m jobs by 2050 via climate action, says ILO
DUBAI, UAE - International Labor Organization (ILO) Deputy Regional Director for the Arab States Peter Rademaker has confirmed that the...The trend towards renewable energy has helped to create 13.7 million jobs in the sector worldwide.
The ILO is participating in COP28 to ensure that climate change efforts include to monitor the impact on jobs.
Morocco gardening school cultivates hope for marginalised youth
Launched by the Islamic Culture Foundation in 2018, Bouregreg Med-O-Med school provides free training to dropouts and other marginalized youths...Bouregreg Med-O-Med school in Morocco aims to raise awareness about climate change while promoting the social inclusion of marginalized young people
The school has a nursery of local plants that are better adapted to water stress, which is crucial for Morocco as the country suffers its worst drought in almost 40 years
COP28 unveils oil and gas ‘Decarbonisation Charter’ to speed up climate action
Dubai, UAE--The COP28 Presidency Saudi Arabia have launched a landmark Oil and Gas Decarbonisation Charter (OGDC), a global industry charter...Around 50 companies, representing more than 40 percent of global oil production, so far have signed on to the OGDC
COP28 President Dr. Sultan Al Jaber said several oil companies have adopted net-zero 2050 targets for the first time
COP28 ignites key climate change talks in Arab world
"The event focuses on transitioning the energy sector, demonstrating how strategic investments can foster prosperity without solely relying on fossil...Colombia's President Gustavo Petro emphasizes the significance of COP28 for addressing climate issues.
Petro stresses on the transition from traditional energy sources to sustainable alternatives to save the Earth.
UAE voted to Category-B membership in International Maritime Organization
LONDON, UK - The UAE has been re-elected to the Council of the International Maritime Organization (IMO) in the Category...The UAE received the highest number of votes, following comprehensive efforts and an intensive election campaign leading up to the elections.
The country plays an active role in strengthening the national maritime sector and contributing to the growth of the global maritime industry.
IMF to revise regional outlook over Israel-Hamas conflict
Dubai, UAE--The IMF announced Friday that it will revise its economic outlook for the Middle East and North Africa region...The IMF staff wrote in a blog post that Israel-Hamas conflict will have wide-ranging consequences for "both people and economies" in the region
The IMF officials said countries like Lebanon that are heavily dependent on tourism saw hotel occupancy rates drop by 45 percentage points in October compared to a year ago
Mumtalakat, Investcorp ink pact
The firms have jointly launched a climate investment platform.The platform will make investments in businesses where they have matured past many of the risks that face earlier stage ventures.
They must manage and minimize the execution risks associated with expansion in middle-market investments.
Astra Tech to launch financial services powered by AI in 2024, says CEO
ABU DHABI, UAE - CEO and Co-Founder of Astra Tech Abdallah Abu-Sheikh said that the company will launch its first...The CEO said that Astra Tech plans to enter new financial sectors and make acquisitions in South Asia, including India.
He said that the company is looking to expand into Saudi Arabia to enhance its services in this vital market.
UAE, Philippines to cooperate in digital sector with focus on data centers
Abu Dhabi, UAE - The UAE and Philippines signed an agreement to create a framework for investment in the digital...As physical facilities that organizations use to store critical data and run applications, data centers are vital parts of the digital economy infrastructure
Recognized as one of the emerging data center markets worldwide, the Philippines offers a robust, rapidly growing ecosystem in this sector
UAE a pioneer in renewable energy: Palau President
“COP28 is attracting significant interest from various participating countries and will serve as an important forum for climate enthusiasts. This...Palau President commends the UAE's leadership in renewable energy, especially solar, for global climate goals.
COP28 garners significant international interest as a pivotal event for climate change action and sustainability.
