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...Economy
Eight OPEC+ members extend oil supply cuts until year end
Supply cuts seek boosting oil prices amid uncertain demand and accelerating supply, with an eye on the imminent US presidential...Economy
Chemanol to buy stake in ACC
It will acquire 84 percent stake for US$12.3 million.The purchase amount would be disbursed partially and within specified intervals, as per the terms stipulated in the SPA.
Chemanol said the acquisition is aimed at enhancing its share in the market and diversifying its product range,
Saudi pioneering solutions for water scarcity
The kingdom is forging partnerships with major corporations to revolutionize water technologies and achieve water self-sufficiency.Water scarcity is 500 cubic meters per capita, while Saudi Arabia's annual per capita share of water does not exceed 89.5 cubic meters.
The Saline Water Conversion Corporation has signed agreements with several major corporations to tackle water scarcity.
ADIB lists $500m green sukuk on LSE
The bank marked the issuance of its $500 million green sukuk.London Stock Exchange has welcome ADIB’s listing, as the world’s first dollar denominated green sukuk.
This follows the bank’s recent successful listing of US$750 million AT1 perpetual sukuk.
Sustainability in style: UAE’s couture goes green
The UAE is shifting from Western influences to eco-friendly practices in its apparel market. 2023 marks the nation's commitment to...In the UAE, environmentally friendly, competitively priced, stylish, and high-quality products are increasingly being offered by brands
They use organic cotton and other environmentally friendly materials like bamboo, hemp, and recycled polyester
Al Ghurair to use Oracle solution
This will help HR teams improve business operations.Through this strategic collaboration, Al Ghurair seeks to empower its employees through self-service capabilities.
Oracle Cloud HCM transforms the traditional functions of HR departments such as recruiting, training, payroll.
Sharjah records real estate transactions worth US$980m in October 2023
SHARJAH, UAE – A total of 3,798 transactions were conducted here in October 2023 across various regions of the emirate,...This reflects a substantial increase compared to September's real estate activity, where the trade volume reached $544 million.
The report underscored the confidence of clients in the emirate's real estate sector and its capacity to attract investors.
Egypt annual core inflation falls 1.6 percent in October
Dubai, UAE--Egypt's annual core inflation rate decelerated by 1.6 percent in October, recording 38.1 percent, down from 39.7 percent in...According to the country's central bank, the annual headline urban consumer inflation rate reached 35.8% in October, down from 38% in September
Last week, the government also announced increases in petrol prices of up to 14.3% amid higher global prices and a weakened exchange rate
Insect farming ‘revolutionizes’ Gulf agriculture
Across the arid region, in which conventional agriculture is beset by many challenges, insect farming for livestock feed is perceived...Many experts feel insect farming as against livestock farming emits fewer greenhouse emissions and uses fewer natural resources like water and feed
The region, however, with its unique climatic conditions and inadequate water supply, poses many hurdles for sustainable insect cultivation
GCC keen to strengthen economic cooperation with Turkey: Albudaiwi
Istanbul, Turkey-- The Gulf Cooperation Council (GCC) is keen to enhance economic cooperation with Turkey, according to its Secretary General...Albudaiwi said the GCC Ministerial Council has restarted the strategic dialogue with Turkey and adopted the Joint-Action Plan 2023-2027
He made the remarks at the GCC-Turkish Economic Forum in Istanbul with top officials and business owners from both sides in attendance
Emiratization: CBUAE to provide financial sector job opportunities
Abu Dhabi, UAE - The CBUAE will provide UAE nationals with job opportunities across various banking and insurance specializations in...The central bank will leverage the platform to educate attendants of its regulatory and supervisory role and financial inclusion efforts
The CBUAE Youth Council will also showcase its initiatives to enhance the role of the youth in the financial sector
