"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,"...

"This underscores our role in fostering development and regional and global cooperation, aiming to provide an economic model for all to emulate. The Emirati model demonstrates that economic prosperity is essential for a successful society and crucial for enhancing the quality of life of its citizens," he added.

"We've collaborated closely with the World Governments Summit for over a decade. It presents a vital opportunity to foster innovative thinking and concentrate on best practices. Indeed, each year, it allows us to focus keenly on the current challenges and opportunities," he adds.

The region is on a growth track due to modernization, education, and broad integration with global economies, Joshua Friedman of Canyon Partners tells TRENDS.

Manama, Bahrain - The Digital Cooperation Organization (DCO), a global intergovernmental organization dedicated to fostering digital prosperity for all by accelerating the inclusive growth of the global digital economy, has announced the launch of new initiatives to bridge the global digital divide. The DCO Council also announced the joining of...

Geopolitical tensions, including the Russia-Ukraine conflict, Middle East unrest, and China-Taiwan ties are key economic disruptors, says Bill Browder of Hermitage Capital.

There is a need for global policy alignment to meet the rising energy demands and tackle climate change challenges, Marco Arcelli, CEO of ACWA Power, tells TRENDS.

AI can revolutionize work and productivity, but balanced regulation is crucial to prevent misuse, Stephen Pagliuca of Bain Capital tells TRENDS at Davos 2024.

The head of the international trade body said weaker global economic growth, "worsening geopolitical tensions, the new disruptions we see in the Red Sea, on the Suez Canal, the Panama Canal" meant "we are less optimistic". She was speaking to journalists at the World Economic Forum in the Swiss resort...

"The implementation of such free trade agreements follows directives from GCC leaders aimed at strengthening economic ties with other countries and international blocs and fostering joint trade and investment interests," he adds, noting that the deal signifies a shared commitment to bolster the strategic alliance and economic cooperation.

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

Recent developments spark concerns that the conflict, which is spreading across the region, presents a long-term threat to global energy and commercial infrastructure.

“This potential is further amplified by its vast human resources, and cutting-edge technological and industrial capabilities,” he adds, emphasizing that BRICS could shift global focus to urgent matters like climate change, energy security, innovation, and the promotion of investments in emerging technologies.

"The growth of the FMCG industry is closely tied to population growth, urbanization, and rising disposable incomes. The sector is a crucial indicator of a country's overall economic health. A thriving FMCG sector is often a sign of strong consumer confidence and increased spending, which are essential for sustained economic...

Abu Dhabi, UAE - The United Arab Emirates (UAE) has secured the top spot in the Arab region and risen to 29th globally in the United Nations Industrial Development Organization's (UNIDO) Competitive Industrial Performance Index (CIP).  The index, which evaluates 153 countries, assesses national industrial performance and competitiveness on a...

Abu Dhabi, UAE - The UAE’s real GDP growth accelerated during 2022 due to a robust recovery in non-oil GDP and a sizable expansion of oil GDP, according to the Financial Stability Report for 2022 released today by the Central Bank of the UAE (CBUAE). The report noted that this...

The International Monetary Fund warned of severe consequences if the US defaults on its debt, ahead of a rapidly-approaching deadline for the country to raise or suspend its borrowing limit. Republicans and Democrats remain sharply divided over the debt ceiling. Republicans in Congress insist that President Joe Biden's administration agree...

Despite global economic slowdown, the firm continues to expand its partnerships and investments, with key focus on Africa and UK. Last year, its investments totalled $320m.

Significant technology development is going on in the climate space in the UAE, distinguished Professor Laura D'Andrea Tyson tells TRENDS in an interview.

Around one-third of countries are likely to go through a recession, Sir Masood Ahmed, President of the Center for Global Development, tells TRENDS in an interview.

The upcoming COP27 climate summit in Egypt must mark a leap from the process of hammering out a treaty to ensuring that its goals are met, the UN's climate chief said. "This COP needs to demonstrate that there is a distinct shift from negotiations to implementation," UN Climate Change Executive...

The TOP CEO Conference, held in Dubai in Q2, discussed several burning global and regional issues of the time. It may help policymakers devise better strategies.

A major factor in bringing the world to this pass is the simultaneously hike in interest rates by central banks across the world in response to inflation, the World Bank added.

With price surges in major economies approaching 10 percent, central banks must stay the course and continue to raise interest rates until inflation retreats, the IMF's chief economist said.

The CPPI is an indicator produced by the Transport Global Practice of the World Bank.

The Reskilling Revolution initiative, a coalition of 50 CEOs, 25 ministers and 350 organizations committed to realizing these gains for their economies, societies and organizations, marked two years of progress at the World Economic Forum Annual Meeting 2022 in Davos.

European stocks, which had been firmly higher earlier in the session, ended the day with only modest gains

The carmaker sold 600,000 fewer vehicles in 2021 than in 2020.

The net-zero target is only for its operations, not products.

According to the economists, Omicron's threat to economy will likely be less severe than the previous waves.

The IMF noted that emerging variants of the novel coronavirus have made policy choices more difficult, with limited room to maneuver.

While not directly involved in addressing global warming, central banks do have to be alert to its impact on the economy and the financial system.

Emerging countries will bear the brunt of the losses from slow vaccination efforts, according to the Economist Intelligence Unit

Experts predict AI will contribute $320 billion to the Middle East economy by 2030 and virtual care, remote patient monitoring and AI expected to account for 30 percent of hospital investment.

Of 31 "vital signs" - key metrics of planetary health that include greenhouse gas emissions, glacier thickness, sea-ice extent and deforestation - they found that 18 hit record highs or lows

  Improving customer experience is the keystone for insurers 55% of insurers already have, or plan to develop a customer dedicated online portal Despite the impact of COVID-19 on the global economy, the insurance sector is one of the largest business process optimization technologies investors. According to a joint InfoBrief...

Also boosting oil this week was a slowdown in talks between the United States and Iran over Tehran’s nuclear program, which reduced expectations for a rapid increase in supply of Iranian oil to the market