The OECD warned Wednesday that the Omicron coronavirus variant threatens the global economic recovery as it lowered the growth outlook for 2021.

The UN Conference on Trade and Development (UNCTAD) has warned that the rising shipping prices could spike global inflation by 1.5 percent in 2023, and that the smaller, trade-dependent countries could be hit badly.

Tuwaiq Sculpture is the second public art programme to be launched as part of Riyadh Art,

Dubuy.com aims to provide Kenya a secure and reliable way for its businesses to grow.

Overall, CO2 pollution this year will be just shy of the record set in 2019, according to the annual report from the Global Carbon Project consortium, released as nearly 200 nations at the COP26 climate summit confront the threat of catastrophic warming.

The first global corporate effort to tackle air pollution was launched today, named the Alliance for Clean Air, bringing together leading businesses from around the world.

Leaders of the world's most advanced nations are hoping to hammer out a way forward on climate change and vaccine equality.

The tourism and travel sector in the Middle East is expected to grow 27.1 percent in 2021, a little behind the global average of 30.7 percent.

Despite the disruption caused by the coronavirus lockdown Dubai and Abu Dhabi have continued to advance in the race to become the global hub for business, a new report by management consultancy Kearney indicates. 

The United Arab Emirates’ minister of state, Sultan Al-Jaber, said that the world needs to accept that global energy transition will take time.

The Middle East’s real estate sector may benefit from the return of global population movement to pre-pandemic levels in 2024.

DP World says the disruption of the global supply chain will not end any time soon because of the shortage of shipping containers, congestion at ports, and skyrocketing freight rates.

At least 136 countries have backed a landmark agreement to set a new minimum tax rate for companies around the world.

Global debt levels could reach about 260 percent of gross domestic product (GDP) by the end of 2021, though low interest rates mean the ability to service it will be manageable, according to S&P Global Ratings.

The United Arab Emirates and India have resolved to strengthen ‘the deep economic ties between the two countries,’ while noting the impact of the Covid pandemic on global trade and investment.

Dubai Airshow 2021 is collaborating with global aerospace entities in order to provide 'disruptive' startups with an opportunity to showcase their innovative technologies and creative ideas.

The battle in Washington to raise the US debt limit was also fuelling concern that the government could miss payments on its debt obligations, sparking a disastrous default.

The pandemic might have battered other sectors of the world economy, but the shipping industry has raked in revenues not seen since 2008.

Putting a monetary value on nature means that damaging resources such as breathable air and drinkable water becomes not just a survival risk, but a financial one. Some $44 trillion of annual economic value generation -- half of the world's gross domestic product -- is moderately or highly dependent on...

Jeddah Islamic Port, the largest in Saudi Arabia, has ranked 37 on Lloyd’s list of top 100 global ports in the world. This improvement comes as a direct result of the largest build-operate-transfer container terminal agreement at Jeddah Port.

Top global experts attended the second edition of the International Dates Conference held in Qassim as part of the annual Buraidah Date Festival.

The global aviation industry has been booming for the last few decades now. But the unprecedented growth in jets flying round-the-clock has come at a big cost to the environment.

As part of its grand "Riyadh Strategy," the kingdom will give the city a complete makeover, building satellite townships, new airports, blocks of residential apartments, commercial space, a broad network of transportation, including subways, swaths of landscape covered in green, adequate supply of drinking water, and much more.

Saudi Arabia has received warm praise about its improved rankings on a number of global lists from the US State Department. In its recently published annual Investment Climate Statements on more than 170 countries, the US State Department highlighted the achievements made by Saudi Arabia.

The developer has reported a surge in pre-sales in the UAE to $2.85 billion S&P Global Ratings give Emaar Properties a stable outlook The Dubai property market might not be booming yet, but the first signs of recovery have begun to appear on the horizon. Emaar Properties, the developer of...

Thirteen imported electric vehicles will be tested on Egyptian streets from next month The plan is in line with the global trend to have more less-polluting electric cars Taking a cue from the global trend towards manufacturing electric cars in bulk, Egypt will begin testing electric cars on the country’s...

Biden has called for a unified minimum corporate tax rate of 15% in negotiations with the OECD and the G20 The tax will put more into government coffers battered by the Covid pandemic Finance ministers from wealthy G7 nations are on Saturday expected to announce support for a minimum global...

All eyes will be on the outcomes of Tuesday’s meeting between US President Donald Trump and North Korean supreme leader Kim Jong Un. Happening on the neutral grounds of Singapore, this will be the first-ever meeting between the US and North Korea’s top leaders in the last many decades. Trump...

The UAE has outperformed various advanced economies such as Sweden, Norway and Canada when its comes to competitiveness and has jumped 21 ranks between the years 2011 and 2018, according to a latest report. According to the latest edition of the World Competitiveness Yearbook 2018, published by the Swiss-based Insatiate...