“Sports economies involve infrastructure, new talents, air traffic, travel, and other components,” Al Marri adds, noting that there are many incentives that serve the sporting community and attract the interest of a wide range of investors. The sports sector is a key component of the new economy, he says.

The Chinese president's visit to Saudi Arabia aims at 'qualitative leap' in bilateral ties and the 'largest-scale diplomatic activity between China and the Arab world'.

Credit Suisse itself has previously said it had $500 million committed from an unnamed investor, and its chairman said last week that it has other firm commitments, the daily reported on Sunday.

Brussels needs to find new energy suppliers and we recognize the important role of the UAE on that front, Belgian ambassador to the UAE Antoine Delcourt tells TRENDS

Move comes UK imposes windfall tax on energy firms.

The swift recovery from the effects of Covid-19 is expected to contribute to a rise in demand for luxury real estate units in the UAE by more than 30 percent next year, says a report.

Some companies are already discussing investment opportunities with Cameroon, including DP World that aims to manage some ports in Cameroon including Douala Port, adds Al Zeyoudi, who is leading an Emirati delegation of business, investment and development leaders to the country.

The US economy grew more than initially reported in the third quarter this year, with government data released Wednesday reflecting upward revisions to retail spending and some forms of investment. GDP growth in the July to September period came in at 2.9 percent, annualized, better than the 2.6 percent figure...

MENA startups had begun the year with a deluge of funding from investors, but toward the year end a dark cloud hovers over new businesses as global crises dip the enthusiasm.

SHARJAH, UAE - The Sharjah Chamber of Commerce and Industry (SCCI) discussed business and investment opportunities in the UAE and Russia with the Moscow Chamber of Commerce and Industry. The meeting that took place at Expo Center Sharjah (ECS) brought together Abdallah Sultan Al-Owais, SCCI's Chairman, and Vladimir Platonov, Chairman...

Both employers and employees stand to benefit from the UAE's recent labor law amendments, Ben Brown, Partner at the law firm Addleshaw Goddard, tells TRENDS.

Firm said this will help bolster its presence in kingdom.

Riyadh has surpassed all other MENA cities in terms of startup activities with higher literacy rate, faster average broadband speed, a latest report points out

"We seek to boost long-term partnerships between local and foreign investors to enhance added values and the knowledge transfer, to create more promising opportunities that require technical skills to boost the economic diversification objectives in the country," adds Al Sayed, who is also Chairman of the Qatar Free Zones Authority.

ABU DHABI, UAE - UAE Minister of Economy Abdullah bin Touq Al Marri visited the Havana International Fair 2022 in the Republic of Cuba, at the invitation of the Cuban government. The visit was aimed at exploring opportunities for cooperation and establishing new economic partnerships between the UAE and Caribbean...

The researchers did not have direct data on the gains or losses of individual investors. However, they were able to extrapolate based on the price of bitcoin when new investors began using cryptocurrency trading apps and the approximately $20,000 it was worth last month.

The Gulf ministers review projects aimed at strengthening joint Gulf action in tourism as well as strategic partnerships between the GCC and other countries and stakeholders.

BALI, INDONESIA - Speaking at the B20 Summit in Bali, Indonesia, Minister of State for Foreign Trade Dr. Thani bin Ahmed Al Zeyoudi provided details on how the UAE continues to work to mobilize international efforts to stimulate trade and investment flows around the world. He said, in the keynote...

The pathway, unveiled at COP27, sets the timeframe and identifies the mechanisms of implementing the UAE Net Zero by 2050 Strategic Initiative, introduced in October 2021.

Firm's reduction of stake in Alibaba partly helped.

“We need to build a coherent framework of trade and investment policies supported by roadmaps that can accelerate the energy transition and boost re-investments,” Dr Ngozi Okonjo-Iweala stresses at a high-level forum held on the sidelines of the COP27 in Sharm-El-Sheikh, Egypt.

The law which will come into effect from January 2023 aims to increase UAE’s attractiveness as investment destination.

Described by his admirers as the white knight of a sector plunged into turmoil, SBF suddenly saw its star fade when Changpeng Zhao expressed doubts about the solvency of Bankman-Fried's Alameda Research and decided to withdraw its capital.

The company hopes to elevate its investments in India to $5 billion within the next five years, up from just over $600 million currently.

The electric vehicle market is expected to grow rapidly in response to consumers' worries about climate change, putting pressure on manufacturers to develop less polluting products. The European Union last month agreed to phase out new CO2-emitting vehicles by 2035, a move set to turbo-charge the production of electric prototypes...

Cairo, Egypt— Suez Canal Authority will make an investment of $550 million in the current fiscal year, according to Minister of Planning and Economic Development Hala Saeed. This comes as the authority – which owns and operates the Suez Canal – is targeting to increase the production rates. The revenue...

GCC, which has been investing heavily in Asia with an eye on protecting its petrochemicals and oil exports, is engaging in growth industries like fintech and logistics.

Central banks worldwide are raising borrowing costs in efforts to tame soaring consumer prices, but Turkey has bucked the global trend, with Erdogan calling higher interest rates his "biggest enemy". With an election looming next year, Erdogan argues that high-interest rates are the cause of inflation, not the opposite, in...

After changing his Twitter bio to "Chief Twit," Musk reportedly worked over the weekend with software engineers from Tesla to look under the hood of the one-to-many messaging platform, and on planning massive layoffs.

Saudi Arabia and the United Arab Emirates said the world needs to keep investing in oil production, just days before the COP27 climate summit aimed at curbing global warming. Sultan Al Jaber, the head of UAE oil giant ADNOC, warned that under-investment could cause a shock to the world economy.

ABU DHABI, UAE - President Sheikh Mohamed bin Zayed Al Nahyan Monday received President of the Kyrgyz Republic Sadyr Japarov, who is on a working visit to the UAE. During their meeting, which took place at Al Shati Palace, President Sheikh Mohamed welcomed the President of Kyrgyzstan and hoped the...

Years of strict pandemic controls and a political crackdown have hammered the Asian finance hub's economy and sparked an exodus of talent authorities say they now want to reverse.

The license will allow investors to buy or rent lands, operate and manage the projects and allocate the necessary facilities for it with just a single approval.

Cross-border investment in climate change mitigation and adaptation is projected to decline in 2022 against the backdrop of a global investment downturn, according to a new report published by the UN Conference on Trade and Development.

Switzerland's second-biggest bank launched a strategic review aimed at putting an end to a series of scandals that have shaken the institution, saying the results were intended to create "a simpler, more focused and more stable bank".

The Kazakhstan ambassador valued the UAE leadership's interest in strengthening relations between the two countries, pointing out that the 1st of October marks the 30th anniversary of establishing diplomatic relations between the UAE and Kazakhstan.

"People are depleting their emergency stocks ... its profound purpose was to mitigate the shortage of supply," says Prince Abdulaziz at an FII event in Riyadh.

Operating profit before provisions rose by 12%.

Saudi Crown Prince, Prime Minister and Chairman of the Council for Economic and Development Affairs Prince Mohammed bin Salman bin Abdulaziz announced the launch of the Global Supply Chain Resilience Initiative. GSCRI aims to make Saudi Arabia a location of choice for leading global industrial companies looking to improve business...

The Future Investment Initiative (FII) was launched in 2017 as an economic coming-out party for the world's largest crude exporter, which is trying to diversify away from oil.

The UAE-UK Business Council hosted its 20th Plenary Meeting in Abu Dhabi, co-chaired by Ahmed Al Sayegh, Minister of State, and Lord Udny-Lister.

The bank's revenues declined 12 percent to $12 billion.

The Sharjah Chamber of Commerce and Industry participated in the international conference to mark the 100th anniversary of the Egyptian Chamber of Commerce in Alexandria and the 40th anniversary of the Federation of Mediterranean Chambers.

The agreement would result in partnership in encouraging direct investment, communications and information technology, exploring the establishment of a joint investment fund between the two nations.

Riyadh, Saudi Arabia---The Saudi Arabia's Camel Club and Riyadh Chamber of Commerce have signed an MoU to develop and create investment opportunities in the camel sector. The MoU, which was signed in presence of Executive Director of the Camel Club, Engineer Bandar Al-Qahtani and Vice Chairman of the Board of...

The device was unveiled this week in Brooklyn, where representatives from the Mountain View, California giant highlighted top-flight features that can silence background noise on the phone. First introduced in 2016, the Pixel was a late-comer to the portable phone trend, arriving nearly a decade after Apple's iPhone and seven...

The two leaders focused on maintaining coordination and consultation on various issues of mutual concern, especially food security and energy.

The Riyadh Chamber hosted a meeting in which 23 Russian companies and representatives of the Saudi Arabian business sector participated.

Post pandemic, startups, SMEs, and entrepreneurs must adopt a new mentality to scale their enterprises and survive, says Awfa Mustafa, CEO of Najahi Events.

In a project launched at Dubai's gleaming Museum of the Future, it announced that the UAE's economy ministry was setting up shop inside the immersive virtual world that is now taking shape. Those who don their virtual reality goggles or use other means to venture within will find a ministry...