IMF cuts global growth outlook on impact of Trump tariffs
Washington, United States -- The International Monetary Fund on Tuesday slashed its forecast for global growth this year, citing the...Business Economy
Chinese vent anger at Trump’s trade war with memes, mockery
Beijing, China -- While China's leaders use their economic and political might to fight Donald Trump's trade war "to the...Business Economy Geostrategy
UAE green bonds and sukuk issuances touch US$4.20bn
According to Mohamed Ali Al Shorafa, Chairman of the SCA Board, the issuance of green bonds and Sukuk is one...The chairman of the SCA board applauded the UAE for its commitment to sustainability
He highlighted the SCA's decision to exempt companies wishing to list from registration fees
ITFC looks to ramp up green financing to 30% of its portfolio
Dubai, UAE-- The International Islamic Trade Finance Corporation (ITFC) is looking to ramp up its sustainable and green financing to...Sonbol anticipates a big boost in green financing within their portfolios and significant acceleration in this trend in the years to come
He noted the significance of helping farmers with innovative financial solutions and new technologies so that food security can be ensured
TikTok announces online shop deal
Indonesia is TikTok's second-largest global market.Indonesia in September banned sales on social media to protect small businesses that were losing out to e-commerce giants
With 125 million users, Indonesia is TikTok's second-largest global market after the United States, according to company figures
Oil prices up on Saudi, Russia push for output reduction
Riyadh, Saudi Arabia - Collaboration between Saudi Arabia and Russia to drive OPEC+ members toward output cuts has resulted in...The OPEC agreement entails a substantial 2.2 million barrels per day reduction for the first quarter of next year
Despite these global efforts, US output continued at a high of over 13 million barrels per day, contributing to a surplus in the market
Doha Forum debates advantages in Gulf-Europe green ties
Doha, Qatar-- Oil and gas producers in the Middle East are assessing "challenges and opportunities" available for their economies to...The discussion focused on opportunities for green cooperation between the Middle East and Europe, and the importance of enhancing the cooperation
The session highlighted opportunities this transformation provides for both regions, such as diversifying their economies and stimulating development cooperation
COP28 focused on achieving balanced package in negotiations: Majid Al Suwaidi
Dubai, UAE-- The COP28 Presidency is focused on achieving a balanced package in the negotiations, according to Ambassador Majid Al...Al Suwaidi said that food systems are very exposed to the effects of climate change, and "COP28 is proud to be elevating them to the highest level of discussions"
According to the COP28 director general, the global community has raised $2.5 billion to support the food-climate agenda during the World Climate Action Summit
‘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...Private sector has the ability to mobilize resources and foster innovative solutions for vulnerable communities, Dominica's Environment Minister Cozier Frederick tells TRENDS.
Optimistic about COP28's impact and the crucial Loss and Damage Fund, the minister underscores the need for a bottom-up approach and community involvement in climate action.
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: 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
