Asian shares rise as markets await tech results
Asian markets mostly rose Tuesday with investors looking ahead to the release of US economic data and the earnings reports...Economy
Gold breaks above $2,700 to record high as geopolitical uncertainty heightens
Hong Kong, China - Gold prices hit a record high above $2,700 on Friday as traders piled into the safe-haven commodity...Economy
Britain grants 27 new oil and gas exploration licenses in North Sea
London, United Kingdom - Britain on Monday awarded 27 new licenses for oil and gas exploration in the North Sea as...The Conservative government has argued that drilling for new oil and gas is necessary to bolster Britain's energy security.
Prime Minister Rishi Sunak recently softened policies aimed at the UK achieving net zero carbon emissions by 2050.
China’s share of global manufacturing jobs to rise by 2050: study
The Asian giant's share of global manufacturing jobs will rise to 43 percent of the total by that year --...Rich countries are likely to continue to lose manufacturing jobs, with the sector falling from 11.4 percent to 8.3 of the high-income workforce by 2050
The study by Center for Global Development was conducted based on the projections of 59 countries representing approximately 75 percent of global GDP
Let’s transform statistical systems for the future
"The PSA should champion digital transformation in Qatar by equipping the national statistics system with comprehensive, accurate, and reliable data....PSA President Dr Saleh bin Mohammad Al Nabit emphasizes the importance of data as a national treasure.
He highlights the role of data in crafting evidence-driven policies and tracking developmental progress.
Saudi Fund for Development signs $100m loan pact to support the water sector in Argentina
Riyadh, Saudi Arabia - Saudi Fund for Development (SFD) on Sunday signed a $100 million loan agreement to support the...The agreement will support the growing demand for potable water in Argentina’s provinces of Santa Fe and Córdoba
Phase 1 of the project will develop from Coronda, in the province of Santa Fe, to San Francisco, in the province of Córdoba
Futuristic strategies elevate Dubai
Dubai's transformation from a humble fishing village to a global tourist powerhouse is nothing short of remarkable. Just decades ago,...Dubai's evolution from a simple fishing village to a premier global tourist hub is credited to its innate advantages, deliberate investments, and cohesive destination development
The emirate exemplifies visionary leadership and adaptability, attracting millions yearly, and has shown resilience during crises like 2008 financial downturn and Covid pandemic
Bahrain’s SCE signs agreement with Foulath Holding Company
Manama, Bahrain--The Supreme Council for the Environment (SCE) signed a cooperation agreement with Foulath Holding Company to boost sustainable development...The signing of the agreement would pave way for planting and preserving mangrove trees in line with the sustainable development goals (SDGs)
The SCE said the agreement falls within the framework of protecting the environment, and preserving and developing its living resources
Shekel’s decline raises economic concerns in Israel
Israeli officials show confidence in the economy's resilience amid Gaza conflict, but experts warn of challenges if tensions escalate with...Israeli officials show confidence in the economy's resilience amid Gaza conflict, but experts warn of challenges if tensions escalate with Hizbollah due to a declining currency.
Economists doubt Israeli Finance Minister Bezalel Smotrich's aptness amid crisis, while Bank of Israel acts against the shekel's fall and S&P downgrades Israel's credit outlook.
Arab Bank posts net profit
It posted a profit of $630 million in January-September 2023.The Group maintained its strong capital base with a total equity of $10.8 billion.
Excluding the impact of devaluation of several currencies against the US dollar, loans grew by 4 percent.
Federal Reserve likely to pause interest rate hikes
The Federal Reserve will likely announce it is holding interest rates at a 22-year high on Wednesday, as it looks...Interest rate hikes slow down inflation by raising the cost of borrowing from the bank, which dampens economic activity and weakens the labor market.
Since peaking at more than seven percent in June last year, inflation as measured by the Fed's favored yardstick has fallen by more than half.
Buildings should absorb more carbon than they release
"Buildings should produce more clean energy than they consume. This transformation demands a reevaluation of our relationship with nature. Rather...Renowned architect and design innovator Michael Pawlyn emphasizes the need for net positive sustainability actions.
The health of natural systems is pivotal for future progress, he adds during the recent Majlis Mohamed bin Zayed lecture.
