NYUAD and Dolphin Energy sign agreement to boost research into climate change
Abu Dhabi, UAE--A unique national capacity-building fellowship model offering outstanding Emirati graduates the opportunity to gain experience in a cutting-edge academic research environment was established through an agreement with Dolphin Energy to sponsor NYUAD’s Kawader Research Assistantship Programme.Maryam Al-Memari, a Research Assistant at NYU Abu Dhabi (NYUAD), has been named...
Covid-19 drives e-learning in GCC
There has been a massive growth in content creation and learners' demand in last two years as the pandemic puts focus the importance of e-learning in the region.
‘Apathy and despair’ as Iraq looks to October election
The polls were initially scheduled for 2022, but moved forward to June this year, then postponed to October.
Lebanon’s health sector is about to collapse: WHO
Lebanon is undergoing one of the worst economic crises in the world, with economists predicting that hyperinflation is imminent in the country.Guilt-riven Lebanon expats ship aid as crisis bites at home
Social media platforms are filled with posts by Lebanese appealing for contacts abroad to send basic goods.Saudi biggest Arab economy, Sudan most indebted
The Saudi economy, as per IMF, is recovering "well" from the pandemic, estimating the kingdom's non-oil economy will grow by 4.3 percent this year. The Kingdom's GDP, which rose from US$ 701.5 billion in 2020, is likely to hit to US$ 804.9 billion by the end of 2021.
Johnson Controls to build Dubai RIT’s sustainable campus
The company has partnered with Dubai Silicon Oasis Authority for energy optimization and efficiency of the campus.
World Green Economy Summit to tackle global food security
WGES will look into ways to advance the food and agricultural technology sectors
Dubai business licenses issued in Aug register 54 percent growth
The growth reflects the ease of doing business in the Emirate and the government's measures to simplify procedures for businesses.
Iran looks east after China-led bloc okays entry
Iran has been trying to enter the SCO for years, and was close last year, but Tajikisatn objected to it.
No end to Lebanese woes as new govt. hikes gasoline price
If the Lebanese were expecting a measure of relief from the new Mikati government, they were badly disappointed. The government hiked the price of gasoline, cutting a subsidy that Prime Minister has said the country cannot afford.MENA startups raise $1.2 bn in H1
A Dubai-based think-tank has said that as many as 254 start-ups, mostly from the UAE, Saudi Arabia, and Egypt, have attracted a record-breaking funding in 2021.UN needs another $100trn for SDGs
The Force for Good initiative has said the UN has funding gap of $84-101 trillion in achieving the SDGs.Messi, Neymar’s club PSG to play in Riyadh Season Cup
PSG boasts a stellar line-up, with the likes of Lionel Messi, Neymar, Kylian Mbappé, and Sergio Ramos taking to the field in its colors.
UAE paradigm shift: Equal pay for both genders
On September 18, the UAE joins countries worldwide in celebrating International Equal Pay Day. It was approved by the United Nations (UN), as an annual occasion to intensify efforts to empower women and girls and remove all obstacles to achieving equality between them and men in the labour market.
UAE, UK partner to counter illicit financial flows
The partnership offers a platform to build a stronger and more enduring strategic partnership, advancing the priorities laid out in the UK’s Integrated Review and the UAE’s National Anti-Money Laundering and Counter Terrorist Financing Strategy. An annual meeting between the Home Secretary and the UAE Minister of State will ensure...
Cloud adoption picks up pace in GCC region
The strong demand for cloud computing in the Gulf region is driven by efforts of the member states to diversify economies, a young digital society and increasing digitization by firms.
Gulf aviation sector maintains regional lead
Several airports in the region have announced plans to expand their airports to meet the expected growth in travel demand.
Saudi Arabia to regulate foreign investment
Looking to protect many sectors of its economy from the competition that the foreign companies will present, Saudi Arabia has formed a new committee to regulate foreign investments.Region’s private equity market set to revive
The region’s industry executives are working hard to improve the dented image and put the sector back on track by attracting more foreign investors.
UAE to establish business council with Estonia
The council will aim to enhance bilateral economic and trade relations between the two countries.Dubai-France trade reaches AED8.5 billion in the first half of 2021
DUBAI: The emirate of Dubai sees tourism and exhibition activity returning to normal, with EXPO 2020 around the corner, according to Sultan bin Sulayem, DP World Group Chairman & CEO. Sulayem said Dubai has largely managed to mitigate the economic repercussions from the spread of the pandemic and DP World...First Iranian fuel deliveries reach Lebanon
Lebanon has been without a government for more than a year, and the main priority of Prime Minister Najib Mikati's newly-selected cabinet would be to guarantee petrol and electricity supplies and curb other shortages that are crippling the country.
Yemenis protest hardship in govt-controlled south
Around 80 percent of its 30 million people depend on international relief and aid groups complain of financing shortfalls.
Wa’ed to fund first Saudi facility to make oil, gas drilling compound
Wa'ed, the entrepreneurship arm of Aramco, has approved a plan to finance construction of a factory in Jubail that will be the Kingdom's first maker of an essential compound used in the oil and gas drilling process. The 3.75 million SAR loan to SICCO, a Jubail-based start-up, is part...
Dubai to develop digital economy strategy
The action plan is structured around three pillars: enhancing the digital business environment, supporting the development of digital firms and attracting leading players to DubaiGlobal economy to grow by 5.3 percent in 2021: UN
But if widening economic gaps between the developed world and the poor countries persists, only a few will enjoy the dividends, said a report by the UN Conference on Trade and Development.
New technology rejigs Gulf maritime sector
Real time data coupled with effective supply chain technology came in handy for the industry after the aviation sector was grounded following the spread of COVID-19 globally.
UN urges Egypt, Sudan, Ethiopia to resume dam talks
The Grand Ethiopian Renaissance Dam, set to be Africa's largest hydroelectric project when completed, has sparked an almost decade-long diplomatic stand-off between Addis Ababa and downstream nations Egypt and Sudan. Ethiopia says the project is essential to its development, but Cairo and Khartoum fear it could restrict their citizens' water...
Lebanon army giving helicopter rides to tourists for money
While most wages in Lebanon have remained unchanged, the value of the Lebanese pound has gone down more than 90 percent since end-2019. As a result, the salary of a Lebanese soldier, in global terms, has gone down to $90 from $850 earlier.Oman readies roadmap for green economy
Oman’s Environment Authority and Petroleum Development Oman have reportedly discussed the policy draft with the United Nations Environment Program.
Inflation eases in Saudi Arabia, lowest in 14 months
Inflation in Saudi Arabia is on the decline for the second month consecutively, dropping to the lowest level since June 2020.
Sudan inflation eases for first time under transition
The inflation rate was recorded at 387. 56 percent (year-on-year) in August, compared to 422.75 percent in July
Dubai 11th popular city for investment visa programs, second for Covid safety
Henley & Partners’ Best Residence-by-Investment Cities for Business Index ranks cities according to lifestyle, tax, education, real estate, healthcare, security, infrastructure, etc.
UAE’s non-oil trade weathers pandemic to reach $371 billion in 2020
DUBAI: The UAE's non-oil trade rose to AED 1.403 trillion ($371 billion), reflecting the country's robust trade exchanges despite the negative impact of the Covid-19 pandemic The Federal Center for Competitiveness and Statistics (FCSA) data said the UAE commanded a coveted position globally and regionally in merchandise trade, with its...
The Grand Renaissance Dam: Egypt’s Nile nemesis
Ethiopia's refusal to sign a binding agreement on the dam has dashed hopes of a settlement with Egypt and Sudan.
Bitcoin no threat to dollar, global economy
Despite being the future of money, Bitcoin cannot be the dollar of future because the US dollar is a fiat currency, created and supported by the US government.
UAE, Israel eye trillion-dollar business
The UAE marks one year since normalising ties with Israel today as the leaders hope the Abraham Accords could reap a trillion dollars in economic exchanges.Chevron plans ‘lower carbon’ ventures
The activists want the company to do more to address climate concernsLebanon to order central bank forensic audit soon
Lebanon's outgoing finance minister Ghazi Wazni has told reporters that auditing firm Alvarez & Marsal would be signed on within days to conduct the audit into Banque du Liban, which is currently headed by its governor Riad Salameh.
Kuwait partners with World Bank for development
The memorandum is said to be in line with Kuwait Vision 2035 and the national development plan 2021-2025.Oil demand to top pre-pandemic level next year: OPEC
The optimistic forecast comes as the OPEC cartel nations and their allies are beginning to raise output to meet recovering demand.
$250bn GCC rail project on track after hiccups
The project linking the six GCC countries is expected to boost exports, diversify mode of transportation and reduce carbon emissions by cutting the need for trucks and cars.
Egypt’s exports leap up 49 percent to $3.61bn
Egypt’s exports recorded a nearly fifty percent jump to $3.61 billion in June 2021, as a compared to $2.94 billion in the same month last year, official data showed.
Bahrain’s value of indigenous exports rises 103%
The value of exports of national origin of Bahrain increased to BD386 million ($1.06 billion) in August 2021, compared to BD190 million ($505.32 million) in August 2020.Oman’s actual revenues fall 20 percent to $22.1bn
Oman has suffered a sharp decline in its total actual revenues, falling a staggering twenty percent to $22.1 billion in 2020.Saudi Arabia posts 1.8 percent GDP growth in second quarter
GASTAT announced this increase while making public the country’s GDP and National Accounts report for the second quarter of 2021. It said this positive growth resulted mainly from the increase in the non-oil sector by 8.4 percent. The private sector recorded a positive growth rate of 11.1 percent, and the...Saudi mega power plant still seeking takers
The Ras Al Khair plant produces 1.05 million cu m of desalinated water per day and generates 2.65 GW of power.
UAE to spend $6.53bn to create 75,000 jobs
The United Arab Emirates (UAE) intends to spend some $6.53 billion over the next five years in order to create jobs for 75,000 Emiratis in the private sector.
UAE investors behind Bahrain’s $492m tourism investment
Investments from UAE-based property developers helped Bahrain’s tourism sector remain buoyant during the pandemic.
Iran needs more than $1 billion to improve roads
Iran plans to improve the condition of the major freeways and highways, and expand the country’s freeways network to 10,000 kilometers.
