Wealthy Asians consider shifting assets from Dubai amid Iran war fears: report
Some wealthy Asian investors are considering moving assets out of Dubai following Iranian missile and drone attacks on the city,...Economy
Saudi Arabia’s inflation rate 2 percent in Jan, rental prices main driver
Riyadh, Saudi Arabia -- Saudi Arabia's annual inflation rate in Jan 2025 reached 2 percent compared to January 2024, the...Business Economy
G20 leaders to grapple with climate, taxes, Trump comeback
G20 leaders gather in Brazil on Monday to discuss fighting poverty, boosting climate financing and other multilateral initiatives that could...The main star of the show is expected to be Chinese President Xi Jinping
Wars in Ukraine and the Middle East would be kept off the summit agenda to focus on the poor.
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...President Vladimir Putin of APEC member Russia will not be present
Trump has threatened tariffs of up to 60 percent on imports of Chinese goods
Advanced nuclear technologies and their role in the energy transition
New policies, public trust, and partnerships are crucial to accelerating these nuclear solutions. Platforms like the Forum’s Advanced Energy Solutions...Nuclear energy is experiencing a renaissance but concerns around safety and cost remain
Advanced nuclear technologies can help address these concerns but some are only in the early stages of realization
GCC powers ahead in global clean energy transition with solar and hydrogen investments
Now, the region is turning its attention to newer innovations, including hydrogen production, small modular reactors (SMRs), and compact nuclear...The approach is to combine gas-based and power-based low-carbon technologies, creating a balanced energy portfolio that capitalizes on each solution's unique strengths
This strategy ensures a more sustainable energy future that aligns with global climate commitments and contributes to the GCC’s economic diversification goals
Saudi Arabia appoints new CEO to drive NEOM’s mega-city project forward
In a big move, Saudi Arabia appoints Aiman al-Mudaifer as NEOM’s interim CEO, a strategic choice to advance the futuristic...The company said that Mudaifer brought with him a "deep and strategic understanding of NEOM" after serving as head of a property arm of the Saudi sovereign wealth fund since 2018
NEOM is a planned futuristic megacity in northwestern Saudi Arabia meant to feature a ski resort and twin skyscrapers 170 kilometres (105 miles) long
World leaders meet for climate talks, but big names missing
Dozens of world leaders convene in Azerbaijan on Tuesday for COP29 but many big names are skipping the UN climate...Heads of some of the most powerful and polluting economies are not attending
Top priority at COP29 is boosting funding for climate action in developing countries
COP29 opens with Trump climate withdrawal looming
he COP29 climate talks open Monday in Azerbaijan, under the long shadow cast by Donald Trump's re-election. Trump has pledged...Fears of an imminent US departure from the landmark Paris Agreement
US$100 billion-a-year target to help developing nations prepare for worsening climate impacts
UAE stablecoin usage up 55% yoy as new regulations drive market momentum
Stablecoins account for the largest share of crypto activity in the UAE (51%), which stands significantly higher than both Bitcoin...Value of stablecoins received by services in the country totaled over US$9.8 billion
between July 2023 to June 2024, just 47 percent of overall crypto transactions took place on centralized exchanges
Low carbon investments in arrears of climate needs
Upstream investments in the oil and gas industry are still healthy and dwarf those made in low carbon projects and...Countries are turning towards renewables such as solar PV and wind following a 40 percent drop in their costs
The global upstream industry is projected to maintain its hydrocarbon investment level of about US$580 billion in 2024
Most Asian markets rise ahead of toss-up US election
Asian markets mostly rose Tuesday a day before results from the US presidential election rolled in, with opinion polls showing...Uncertainty about the outcome led to warnings that investors could be in for a period of volatility
Wall Street's three main indexes ended in the red
