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Aramco CEO terms energy transition strategy a failure
Speaking at the CERAWeek conference in Houston, Saudi Aramco Chief Executive Amin Nasser said that the current transition strategy is visibly failing on most fronts. adding that this is "hardly the future picture some have been painting." Fossil fuels accounted for 82% of global consumption last year.ExxonMobil Chief Executive said "we're not on the path" to reaching net zero emissions by 2050
In November last year, COP28 conference included a call for a transition away from fossil fuels
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GCC emerges as a cryptocurrency investment hub
Driven by government initiatives, economic diversification and a tech-savvy population, the region is becoming a prominent center for cryptocurrency investment, says an expert.Business
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The UAE is expanding its investment portfolio to secure future generations with valuable and viable projects, demonstrating sound economic management and a commitment to development and cooperation, says Jamal Bin Saif Al Jarwan, Secretary-General of the UAE International Investors Council.
"The UAE has strengthened its position in the global economy. The total value of UAE assets abroad, whether government or private, is estimated at $2.5 trillion as of early 2024. It ranked first in the Arab region and West Asia, 15th globally, and second globally in investing in new opportunities," he adds.
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Cross-border fire between Hizbollah and Israel leaves 16 dead
Israeli rescue teams searching a damaged building in the border town of Kiryat Shmona "found a 25-year-old who was unconscious, with no pulse and not breathing", and pronounced him dead at the scene, the Magen David Adom emergency service said.
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Digital surge: UAE’s e-commerce eyes $17bn milestone
Widespread internet and smartphone use is the key driver of online shopping growth, with nearly two-thirds of the UAE's population expected to engage in online shopping by 2024.Business
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Israel backtracks on canceled Rafah talks: US official
Israel's prime minister cancelled the visit after the US abstained on the UNSC vote, allowing it to pass. But Israel backtracked, after the White House said it was "perplexed" by the move. The U-turn came after Israeli defense minister had "constructive discussions" with senior US officials in Washington.Netanyahu last week agreed to a request by Biden to send a team to Washington to hear US concerns
The United States also insisted its abstention did not represent a shift in policy on Israel
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Supply chain challenges hit Ramadan retail rush
Logistical adaptations, strategic planning, and forecasting essential for addressing the unique demands of increased consumption during Ramadan, says Aramex's Tarek Abi Yaghi.Business
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UAE, Saudi Arabia, Qatar emerge as soft power leaders
The surge of three GCC nations in the Global Soft Power Index, with UAE leading with a perfect economy score, highlights their global influence and reputation enhancements.Economy
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UN expert faces threats after Israel Gaza ‘genocide’ remarks
Francesca Albanese, the UN special rapporteur on the rights situation in the Palestinian territories, said this week there were reasonable grounds to believe Israel was "committing the crime of genocide against the Palestinians as a group in Gaza". She said she had received "nothing that so far I have considered needing extra precautions."
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Dubai’s real estate soars with notable market growth
The emirate's residential market witnesses an 18% sales surge and a 26% rental increase due to investor confidence and a preference for larger homes.Business
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UN Palestinian agency chief says funding secured until end of May
Gaza has endured almost six months of war and a siege that has cut off most food, water, fuel and other supplies, and the UN has warned that its 2.4 million people are on the brink of a "man-made famine". The flow of aid trucks from Egypt has slowed amid the ongoing war.UNRWA is in crisis since Israel accused that a dozen of its employees were involved in October 7 Hamas attack
UNRWA chief warned last month that the funding crunch was so great the organization might not be able to operate beyond March
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Hyperloop progress: Racing ahead or falling behind?
Over a decade after Elon Musk's hyperloop proposal, no commercial operations have begun, and Virgin Hyperloop shut down in 2023 despite significant investments, reveals TRENDS.Business
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Macron’s leadership: A tale of arrogance and chaos
Facing graft allegations, divisive remarks on NATO and Islam, and widespread protests, his presidency underscores challenges of governing in today's complex geopolitical landscape.Geostrategy
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Syria strikes kill 17 including Iran Guard, WHO worker
According to the Syrian Observatory for Human Rights monitor, an Iranian Revolutionary Guards adviser, his two Iranian security escorts, and four Syrian and nine Iraqi fighters with pro-Iran groups were killed in strikes on a villa in Deir Ezzor city and on the town of Albu Kamal on the Iraqi border.
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Saudi labor market booms amid economic shifts
Employers in the Kingdom anticipate workforce expansions and salary hikes, though grappling with talent shortages and evolving work models, says a report.Economy
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US defense chief tells Israeli counterpart that Gaza toll is ‘too high’
US Defense Secretary Lloyd Austin told his Israeli counterpart Yoav Gallant that civilian casualties in Gaza are "too high". A separate Israeli delegation was supposed to visit Washington to discuss US concerns over Prime Minister Benjamin Netanyahu's plans to launch an assault Rafah, where much of Gaza's population has sought refuge.A senior Pentagon official said that US Defense Secretary had discussed his hopes that negotiations would "soon produce the release of all hostages."
The United States has backed Israel with both military and diplomatic support.
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MIA Art Collection boosts gender equality in art
The MIA Art Collection aims to bridge the gap between the art scene and the business sector, empowering women artists, its founder Alejandra Castro Rioseco tells TRENDS.Arts & Culture
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UAE’s working mothers get extended maternity leave
The Gulf country is setting a new benchmark for supporting working mothers by doubling the mandated maternity leave to 120 days, Kathryn Martin VFS Global tell TRENDS.Business
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GCC emerges as a cryptocurrency investment hub
Driven by government initiatives, economic diversification and a tech-savvy population, the region is becoming a prominent center for cryptocurrency investment,...Business
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"The UAE has strengthened its position in the global economy. The total value of UAE assets abroad, whether government or private, is estimated at $2.5 trillion as...By TRENDS STAFF
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Hamas leader Haniyeh visits Iran: state media
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Hamas leader Haniyeh visits Iran: state media
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