OPEC chief calls for more investments in oil industry to meet energy demand
Abu Dhabi, UAE--The Organisation of the Petroleum Exporting Countries (OPEC) has called for increased investments in the oil industry to meet global energy demands and sustain economic growth. According to its secretary general, Haitham Al Ghais, these investments are crucial for ensuring reliable energy supplies for current and future generations....
Cut airline emissions to meet Paris targets: report
The world needs "early, aggressive and sustained" government intervention to cut aviation emissions if Paris Agreement temperature goals are to be met, a think tank said Thursday. The 2015 Paris climate treaty enjoins nations to cap global warming at "well below" two degrees Celsius, and 1.5C if possible.Jordanian firms forge trade partnerships at APAS Show 2022
Jordanian companies forged trade partnerships during their participation in the APAS Show 2022, an annual food and beverages exhibition held southeast of Brazil in Sao Paulo. Seven companies participated in the Jordanian pavilion, which was organized by the Jordanian-Brazilian Business Association and Jordan Exports, a public-private institution that coordinates national...UAE and India to expand ties in renewable power, sustainable finance
India was the second-largest trading partner of the UAE in 2021 as it accounted for 9 percent of the total volume of the UAE's trade with the world, and 13 percent of the UAE's non-oil exports.Sharjah Consultative Council reviews plans to promote private sector
The Financial, Economic and Industrial Affairs Committee of the Sharjah Consultative Council (SCC) reviewed its strategic plans to promote the growth of the private sector. As part of its third ordinary session of the 10th legislative chapter, the committee stressed that its vision, supported by Dr. Sheikh Sultan bin Muhammad...Qatar Chamber signs deal with Spanish firms to promote trade
Qatar Chamber signed a deal with two Spanish organizations by which it seeks to enhance economic, commercial and trade cooperation with Spain. The two Spanish organizations are Spanish Chamber of Commerce and Madrid Chamber of Commerce, Industry and Services, according to Qatari media reports. Chairman of Qatar Chamber Sheikh Khalifa...Oman-India Joint Commission to discuss Free Trade Agreement with GCC
A meeting of the Oman-India Joint Business Council, under the umbrella of the Federation of Indian Chambers of Commerce and Industry and the Oman Chamber will be held Friday.SME development in Gulf region still in early stages
It is essential to know that the governments can't and shouldn't do everything independently to encourage their national talents. A practical partnership between the public and private sectors is the only way forward in terms of cultivating and encouraging indigenous talent, he adds.‘Workplaces must prioritize mental health’
In many industries, working from home is the way of the future and a better working and mental lifestyle, Quartz Communications Managing Partner Khaled Almaeena tells TRENDS.Arabian Travel Market 2022 kicks off in Dubai
The Chairman of Dubai World Sheikh Ahmed bin Saeed Al Maktoum, inaugurated the 29th edition of the Middle East’s largest travel and tourism exhibition Arabian Travel Market (ATM) on 9 May 2022.‘Like family’: Japan’s virtual YouTubers make millions from fans
Mayu Iizuka sheds her soft-spoken personality and starts cackling, screaming and waving wildly in a makeshift studio in Tokyo as her avatar appears on a livestream before hundreds of fans. Virtual YouTubers like Iizuka, who voices and animates a character called Yume Kotobuki, have transformed a niche Japanese subculture into...Increase in Japan’s imports of UAE crude oil in March
This puts the UAE on the top of crude oil providers and at crucial importance for the Japanese energy needs.UAE and Egypt to boost investment and cooperation
UAE’s Minister of Industry and Advanced Technology Sultan bin Ahmed Al Jaber reviewed bilateral relations with Mostafa Madbouly, Prime Minister of Egypt.Bahrain announces ban on single-use plastic bags from Sept. 19
Bahrain has announced a ban, effective from September 19, on selling, manufacturing, circulating and importing single-use plastic bags, which are less than 35 microns in thickness. Minister of Industry, Commerce, and Tourism Zayed bin Rashid Al Zayani said that the decision aims to support environmental protection initiatives and limit the...Abu Dhabi to host World Utilities Congress in May
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,...Czech Republic delegation explores business opportunities in Bahrain
A business delegation of Czech Republic visited Bahrain to explore investment opportunities and expansion of economic projects between the two countries. The delegation expressed keenness on cooperating with Bahrain for investment in various private sectors. Industry, Commerce and Tourism Minister Zayed bin Rashid Al Zayani said that Bahrain welcomes all...Cybersecurity – The rush to catch up with reality
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.Jordan saw its GDP grow 2.2% in 2021 as compared to 2020
The numbers come from a quarterly statistical report released on Sunday by the Department of Statistics.UAE, Jordan discuss accelerating investments post-Expo 2020
At the meeting, the two sides called for intensifying visits by trade delegations from both countries and increasing the number of conferences.German businesses urged to explore investment opportunities in Sharjah
The Sharjah Chamber of Commerce and Industry (SCCI) has called on German businessmen and investors to explore investment opportunities within the emirate’s business community, in order to access new avenues of partnership and develop economic and trade relations between Sharjah and Germany. The call for investment was made at a...DFM, DME to jointly explore financial products opportunities
The Dubai Financial Market (DFM) and Dubai Mercantile Exchange (DME) will jointly explore financial products opportunities following the signing of an agreement, which will cater to DFM’s large and diversified investor base of over 852,000 investors. As the first initiative under this agreement, the two exchanges are planning to create...Oman, Sri Lanka to cooperate in economy, trade and investment
Oman and Sri Lanka have discussed economic and trade cooperation. In this connection, Saleh Said Masan, Undersecretary for Commerce and Industry of Oman met Bandula Gunawardena, Minister of Trade of Sri Lanka, in Muscat on Sunday. The two sides explored aspects of the joint cooperation, economic diversification sectors and the...Weekly loss for UAE markets, amid contrast for TASI
Oil prices rose by more than 20 percent this week, due to ongoing concerns about supply disruptions and Russian output.Major UAE companies to work for raising solar power production capacity
The companies are Emirates Global Aluminum (EGA), Abu Dhabi National Energy Company (TAQA), Dubai Holding and Emirates Water and Electricity Company (EWEC).Middle East Energy opens next week, will focus on energy transition
Policymakers, business leaders, and industry experts from the energy industry will converge in Dubai next week to participate in Middle East Energy, formerly Middle East Electricity. The event will take place at the Dubai World Trade Centre, from 7th-9th March, under the theme, "Guiding you through the energy transition". It...Lufthansa posts net loss of $2.2bn
The German carrier said it cut its losses by two-thirds in 2021.Bahrain eyes cooperation with Germany in aviation, tourism
Bahrain's Minister said the private sector plays a key role in strengthening bilateral relations, as it boosts the volume of trade exchanges.Bahrain’s Growth Dynamics
Bahrain has a $90 per barrel breakeven oil price, so the country is moving forward with serious economic diversification plans among which is to become the Fintech hub.Saudi Arabia and UAE drive real estate growth in the region
Saudi Arabia and the UAE are driving the real estate market in the Middle East region with the backing of government and evolving market dynamics.UAE aims to increase economy to more than $800bn by 2030
This goal requires adopting new economic diversification strategies, in addition to supporting new economic sectors, said Minister of Economy Abdullah bin Touq Al Marri.Qatar to recall two infant products on suspicion of contamination
The Ministry urged all consumers to report any violations by communicating with the Consumer Protection and Anti-fraud Department.UAE trades $22.8 bn worth of rough diamonds in 2021, hits top spot globally
UAE reached the top spot globally as a rough diamond hub, trading over $22.8 billion worth of rough diamonds in 2021. Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC, announced this at the Dubai Diamond Conference, local media reported. The conference was held at Dubai Multi Commodities Center...Aramco head calls for sustained investment in oil sector
Saudi Aramco President and CEO Amin H Nasser urged companies and governments to continue investing in the oil sector to meet future demands.UAE, Hungary sign MoU to establish joint business council
The UAE Federation of the Chambers of Commerce and Industry (FCCI) and the Hungarian Chamber of Commerce and Industry (HCCI) will establish a UAE-Hungarian Business Council. The two parties signed an MoU at the Hungarian pavilion at Expo 2020 Dubai regarding the same on the sidelines of the third meeting...World fuels its own destruction with $1.8trn subsidies: Study
Governments across the world pay an estimated $640 billion in support to the fossil fuel industry.Plastic surgery enhances face of UAE medical tourism
The industry, stabilized significantly with experienced surgeons and the availability of good facilities, woo a sizable number of foreign clients to UAE during the pandemic.UAE industrial exports surge to $32.6bn in 2021: Ministry of Industry
According to the 2021 annual report released by the Ministry of Industry and Advanced Technology, the rise in exports coincided with a major surge in factories commencing production in 2021, with 220 new facilities going into service.US farms on alert as several cases of bird flu found
The authorities have placed the sites in quarantine and the birds will be slaughtered to avoid possible spread throughout the country.DWC Airport to host Business Aviation Event ‘MEBAA’ in December
DWC Airport in Dubai will host the MEBAA Show, a business aviation platform, from 6-8 December 2022. The event will showcase the latest trends, insights, innovation and commercial opportunities shaping the future of business aviation and private flying in the Middle East and globally. Several international companies have already signed...What’s next for TikTok’s music industry revolution?
TikToks latest service, SoundOn, offers unsigned artists a simpler way to upload songs, get paid and find distribution.UAE and Spain to collaborate in 4IR, industry, aerospace
The UAE’s Ministry of Industry and Advanced Technology (MoIAT) and Spain’s Ministry of Industry, Trade and Tourism (MITT) signed a Memorandum of Understanding (MoU) to boost cooperation in the field of industry and advanced technology across multiple sectors. The MoU aims to establish a framework that will facilitate and enhance...WIPO and Qatar sign pact to promote Intellectual Property education
The World Intellectual Property Organization (WIPO) in collaboration with Hamad Bin Khalifa University (HBKU) will now promote education in intellectual property (IP) law in Qatar. Qatar’s Ministry of Commerce and Industry signed a Memorandum of Understanding with HBKU and WIPO regarding the same, local media reports said. The MoU's objective...UAE, Japan bilateral trade hit $30.5 bn in 2021
More than 340 Japanese companies have their bases in the UAE working in various sectors including infrastructure, industry, and energy, a UAE official said.Sharjah Shopping Promotions sees 40 percent more shoppers this season
The Sharjah Chamber of Commerce and Industry (SCCI) has seen off another season of the 48-day "Sharjah Shopping Promotions" campaign. It resulted in an increase in the sales of the participating malls and stores, and lucrative profits for the retail sector and other business sectors. The volume of purchases throughout...Oman and Finland seek to boost business ties
Oman and Finland are looking to boost cooperation between the private sectors of two countries, particularly in the fields of industry, technology and services.Music industry wakes up to mental health crisis
Several studies have lately highlighted that music professionals suffer psychological distress far above average rates.Oman, Finland explore boosting trade, investment cooperation
The meeting explored the available opportunities in the two countries, particularly in the fields of tourism, industry, research, mining and economic diversification sectors.Crown Prince Salman-headed Group to develop Saudi gaming industry
Saudi Arabia has launched a group to develop its video gaming industry, state media reported Wednesday, as the kingdom seeks to diversify its oil-dependent economy. Video gaming and esports have grown in popularity in the kingdom of some 35 million people, the majority of whom are under the age of...Jordan, Tunisia discuss economic cooperation
The discussion happened at the first session of the Jordanian-Tunisian Joint Trade Committee.UAE, Malta trade bodies join hands for industrial cooperation
FUCCI Chairman Abdullah Mohamed Al Mazrouei signed the MoU with Marisa Xuereb, President of the Malta Chamber.World needs smarter policies for carbon transition to succeed: Crescent Petroleum
Carbon transition policy must be tailored to each country’s needs and dynamics, Majid Jafar, the CEO of Crescent Petroleum, said.