"There's considerable work to be done to establish a level playing field where low-energy technologies can be freely traded. I believe the WTO will be instrumental in this arena as well," adds Tavio. underscoring that the unimpeded trade of clean technologies is essential for achieving climate goals.

Digital solutions, including innovative expense management platforms, may help in transforming the administrative landscape for SMEs, a latest report points out.

Digital Cooperation Organization's initiatives are key to empower emerging economies through digitalization's full potential, its Secretary General Deemah AlYahya tells TRENDS.

DUBAI, UAE - With global attention on the COP28 climate summit, UNCTAD’s eWeek 2023 highlighted digitalization’s potential to accelerate climate action and its environmental costs. Data-driven technologies like the Internet of Things, robotics and artificial intelligence (AI) can enhance climate change monitoring, optimize energy use and production processes, and promote...

“The pledge made by our UBF Chairman, Abdulaziz Al Ghurair, to mobilize over AED 1 trillion in sustainable finance, represents the collective efforts of our leading national member banks and is a true testament to our financial sector’s commitment to supporting the building of a better future," he adds.

Islamic finance, with 70% of sector assets, is revolutionizing the global economy through ethical practices and digital innovation, gaining widespread traction.

The aim is to advance digitalization in Saudi Arabia.

Kuwait City - Kuwait has announced a comprehensive economic reform plan for 2023-2027 to address various challenges facing the country’s economy, including the need for diversification and improved performance. The Kuwaiti government has presented an ambitious program for the legislative term of 2023-2027, titled "Correcting the Path: A Productive Economy...

The latest technology is poised to transform the industrial sector, with a market expected to reach $400 billion by 2030, potentially exceeding $1 trillion, says a report.

DUBAI -- DP World expects to add approximately 3 million Twenty-Foot Equivalent Units (TEUs) of new container handling capacity by the end of the year, adding much needed infrastructure and capacity to boost global supply chain resilience. The global trade enabler currently manages approximately 9 percent of the world’s handling...

Kuwait -- Kuwait Oil Company announced on Saturday that it has upgraded its five-year digitalization strategy, which will contribute to reducing the operating expenses, increasing production and realizing sustainable growth. The upgrading of the strategy will also enhance safety and security, and help manage risks in a better way, Deputy...

ABU DHABI, UAE - The Ministry of Industry and Advanced Technology (MoIAT) and MEXT signed a memorandum of understanding (MoU) to implement the UAE’s Industrial Technology Transformation Index (ITTI) and deploy the index overseas for the first time. The move is part of the UAE's efforts to accelerate decarbonization and...

"Tech is at the top of the global agenda, but the benefits of digital technology are still out of reach for too many people," ITU chief Doreen Bogdan-Martin said in a statement. "If we are serious about digitalizing the world in a way that is meaningful and sustainable, we must...

There are three main pillars to this approach: transforming existing industries with advanced technologies, creating the green industries of the future, and decarbonizing hard-to-abate industries. We believe that with the right enablers—policy, technology, access to finance, and partnerships—we can achieve climate targets, she adds.

Since the COVID-19 outbreak, GCC banks have experienced a growth of more than 10 percent annually, a positive sign that is likely to earn a higher return on equities.

Sustainability remains key focus as the UAE and Saudi Arabia speed up digitalization, which has been the fundamental pillar of the transformative economic goals of the GCC nations.

Businesses in the region are working closely with their governments to get cloud security solutions implemented to reduce the success rates of phishing attempts.

During his two-year tenure, the minister will work with the committee that include ministers, and the Board of Governors of the WBG and IMF to manage its programs related to sustainable and comprehensive economic development.

Firms in the region are increasingly augmenting their focus on operational transformation with new approaches to manage and optimize energy consumption, says an expert.

Post pandemic, the logistics sector is best placed to support e-commerce businesses in tapping the unlocked potential of the large and still untapped market. The Middle East, which is continuing to experience rapid growth in e-commerce, may get an additional push from the logistics sector, she adds.

Another important and influential trend being witnessed by the banking sector in the region is reduced physical networks and shifting some of the staff to more cost-effective locations. All this allows financial institutions to serve their clientele better and provides convenience to the customers by saving their energy and time.

Global trade hit a record high of $28.5 trillion in 2021, with more growth expected in 2022. The future also promises growth due to a new era of multilateralism, supported by regionalization, trade in services, innovation and sustainable trade, which would counter global recession, according to 'The Future of Trade 2022'...

Although the number of female STEM graduates is high in GCC, this couldn't translate into proportionate increase in workforce, says Christine Harb from Global Brand Council at VISA.

Abu Dhabi will host World Utilities Congress in May, bringing together more than 10,000 global utilities professionals to explore topics ranging from the future of low carbon power to water supplies. The World Utilities Congress will be held under the patronage of Sheikh Khaled bin Mohammed bin Zayed Al Nahyan,...

The invasion of Ukraine was a major wake-up call globally for both governments and private firms. Small-to-medium businesses need to be cautious too as the number of cyberattacks against them has increased by 150 percent in past two years. It's time to bolster the cyber defenses, he adds.

Artificial intelligence and machine learning are stirring as much of a concern about job security as they are steering efficient outcome strategies.

The pandemic, digitalization, change in employee priorities and new government policies in the region have influenced the most in-demand jobs, according to LinkedIn.

The 18th edition of the show, organised by Messe Frankfurt Middle East, has exhibitors from 47 countries and 12 national pavilions

The Dubai Paperless Strategy was implemented in five consecutive phases, each of which enlisted a different group of Dubai Government entities.

The Covid-19 pandemic has been the primary driver of businesses and governments embracing remote-work opportunities.

DUBAI: MDC Business Management Services (MDC BMS), a Mubadala company, will partner with Crediti Fintech to utilize the MoniMove platform for the digitalization of procurement and supply chain operations. With MoniMove, which is operated in the UAE by Protiviti, MDC BMS will examine how to seamlessly digitize and govern clients’...

Many of her countrymen say her slowly-slowly approach stymied progress on burning issues such as climate protection and the digital race.

Growth in digitalization has led to an increased risk of cybercrime Risk and compliance practices may fall short of global standards More than half of the Middle East and North African (MENA) businesses face new financial crime risk challenges triggered by the pandemic, a new report by global data provider...

PwC Middle East claims consumers in the region value digitalization and sustainability the most 58% of Middle-East consumers say they have become more optimistic about the economy Accounting firm PricewaterhouseCoopers’ regional arm PwC Middle East, in a survey, claimed that consumers in the region value digitalization and sustainability the most,...

The new board will steer the bank to be the leading digitalized financial services provider in the UAE Established in April 2021, the bank envisions becoming a trendsetter in stimulating and driving community banking activity   Al Maryah Community Bank, the UAE’s first fully integrated digital bank, announces the formation...