Building an anticipatory governance strategy for an increasingly risky world
Anticipatory governance is crucial in navigating today’s risks. While AI tools enhance forecasting, early warning does not always lead to early action. Bureaucratic inertia and political hesitation often delay responses. Governments, businesses, and NGOs must integrate risk intelligence into decision-making, ensuring proactive measures and resilience-building to prevent crises from escalating...
US economy slows in 2022, may result in lower Fed rate hikes ahead
Household spending and business investment remained positive in the final quarter last year though they slowed, while inventories and net exports helped growth, said Rubeela Farooqi of High Frequency Economics.
UAE banks’ investments totalled $139bn in Nov 2022, highest in 13 months
According to central bank's statistics, Banks’ investments rose in the first eleven months of 2022 by $10 billion or 8 percent, compared to $129 billion in 2021.
DP World gets rating upgrade
The boost is seen as key for its long-term growth plans.
Iraqi PM to visit France for energy and security talks
BAGHDAD, IRAQ - Iraqi Prime Minister Mohammed Shia al-Sudani will travel to France on Thursday for energy and security talks with President Emmanuel Macron, he told AFP.Sudani, in written answers to AFP, said he wants to "activate the agreements" between oil-rich Iraq and France "particularly in the transport, energy and investment sectors".French...
Qatar, Pakistan finance ministers discuss investment, economic cooperation
The two ministers to explore cooperation in the fields of science and technology, agriculture, and education.
Qatar and EU discuss ways to enhance economic and trade ties
Doha, Qatar-- Qatar and European Union have discussed means to enhance economic and commercial relations in a meeting between Qatar Chamber First Vice-Chairman Mohamed bin Twar Al Kuwari and Thomas Jurgensen, Minister Counselor and the new head of Trade and Economic Affairs Section at the European Union During their meeting...Qatar Chamber discusses investment with Cuban delegation
DOHA, QATAR - Qatar Chamber First Vice-Chairman Mohamed bin Ahmed bin Twar Al Kuwari met with President of the Republic of Cuba Eng. Antonio Rodriguez and his accompanying delegation.The meeting touched on economic and commercial relations between both countries and ways to enhance cooperation between the Qatari private sector and...
Saudi Arabia may surpass UAE in FDI inflow this year
Overall, the two Gulf countries will continue to be major beneficiaries of the inflow of funds this year, says Nazar Musa, CEO of PRO Partner Group.Riyadh Expo 2030 bid gathers steam in Davos
More than 50% of the countries with voting rights have pledged public support for the Saudi city’s bid, Fahd Al-Rasheed, the CEO of the Royal Commission of Riyadh City, tells TRENDS.MoIAT, Ras Al Khaimah Economic Zone ink pact to promote industrial growth in UAE
ABU DHABI, UAE - The UAE Ministry of Industry and Advanced Technology (MoIAT) and Ras Al Khaimah Economic Zone (RAKEZ) Thursday signed a Memorandum of Understanding (MoU) with the aim of enhancing the UAE’s appeal as an investment destination.Omar Suwaina Al Suwaidi, Under-Secretary of the Ministry of Industry and Advanced...King Abdullah stresses building infrastructure in Petra to boost tourism
Petra, Jordan--King Abdullah on Sunday highlighted the importance of further developing the city of Petra, and diversifying its tourism product.During a visit to Petra, King Abdullah said developing tourism services in the "golden triangle" of Petra, Wadi Rum, and Aqaba, will have a positive impact on Petra and Jordan at...UAE, Korea discuss partnership in renewable energy, technology
The two sides discussed various paths of cooperation and development in the investment, economic, scientific, cultural and advanced technology fields.
UAE urges new investments in energy sector to meet demand
Abu Dhabi, UAE-- The UAE has stressed the need for speeding up new investments in the energy sector in order to meet rising global demand as a number of OPEC+ member countries cut output.Speaking on the sidelines of the Global Energy Forum in Abu Dhab, Suhail bin Mohammed Al Mazrouei,...UAE to roll over $2 billion Pakistan’s debt, loan $1 billion more
The agreement comes as Pakistan grapples with a major foreign exchange crisis, holding enough reserves to pay for just three weeks of imports.
Saudi ministry signs hospitality, catering MoUs with 3 firms
Riyadh, UAE---Saudi Arabia's Ministry of Investment has signed MoUs with three companies to develop and market investments in hospitality, tourism, catering services and entertainment activities besides cooperation in operating residential and commercial complexes.The MoUs were signed with Kadana Company, Lifestyle Development Company and Jusoor Al-Khaleej Company at the Hajj and...ESG may witness higher traction across GCC this year
Some investment trends that emerged at the tail end of 2022 — clean energy, consumer staples, retail, and infrastructure — will gain further impetus in 2023, says an expert.
UAE’s economic diversification strategy goes hand in hand with growth and expansion of its foreign trade
The UAE's keenness to open up to the world and work to stamp out obstacles to trade and investment flows translates into a consistent Emirati approach, as trade has always represented an integral part of the history and heritage of the country, he adds in an Op-Ed published by Emirates...
Gold jumps out of the gate to kick off 2023
Traders' conviction at the beginning of a new trading year always tends to be low for fear of catching the wrong move. At the same time, however, the fear of missing out (FOMA) can also drive a rapid buildup in positioning which subsequently can be left exposed should a change...Jordanian-Bahraini business forum explores investment opportunities
AMMAN, JORDAN - The Jordan Chamber of Industry (JCI) organized the Jordanian-Bahraini Business Forum in Bahrain's capital, Manama, to increase the volume of trade exchange, discuss means of enhancing cooperation, and showcase investment opportunities in the two countries.JCI President Fathi Jaghbir underlined the need to set in motion a new...
Tunisia unveils economic plan betting heavily on private investment
Tunisian authorities are hoping to secure a nearly $2-billion bailout from the International Monetary Fund they hope will unlock other sources of international financing. Saied said the plan unveiled Tuesday, which is based on growth of 2.1 percent this year -- compared to 1.8 percent last year -- was "realistic...Egypt pushes for bigger private sector role in economy
Cairo, Egypt--Egypt’s President Abdel Fattah El-Sisi on Thursday approved a document outlining 62 economic activities the state will withdraw from and turn over the private sector, a cabinet statement said.The document’s approval was required by the International Monetary Fund, which this month approved a 46-month, $3 billion financial support package...Saudi investments in Egypt grow to US$6.12 billion
Riyadh, Saudi Arabia--Saudi Arabia has invested some $6.12 billion in more than 6,000 projects in Egypt, according to the Minister of Trade and Industry of Egypt Ahmed Samir. The trade minister announced the investment figure during his visit to Riyadh on Dec. 25, where he met Saudi ministers and senior officials...15 MoUs in several sectors signed at Saudi-Japan Investment Forum
Riyadh, Saudi Arabia - As many as 15 memorandums of understanding were signed between Saudi Arabia and Japan in several fields at the Saudi-Japanese Investment Forum on Tuesday.Organized by the Saudi Ministry of Investment, the Forum discussed investment opportunities and ways to strengthen the investment partnership between the two countries...
Dubai records over $408 million in realty transactions Monday
Dubai, UAE----Dubai real estate market recorded deals worth AED1.5 billion ($408 million) on Monday, Dubai Land Department said.The deals included 515 sales transactions worth AED1.44 billion and 19 gift deals amounting to AED137.87 million.The sales included 483 villas and apartments worth AED1.14 billion, and 32 land plots worth AED299.29 million.Emirate’s...
DEWA launches construction work of Hatta Sustainable Waterfalls project
DUBAI, UAE - MD & CEO of Dubai Electricity and Water Authority (DEWA) Saeed Mohammed Al Tayer has launched the construction work for the Hatta Sustainable Waterfalls project.The US$12 million (AED 46 million) project was recently awarded to DEWA and is part of the company's social and investment responsibility to...Most Middle Eastern nations lack crypto regulations
The adoption of digital currencies can help open new business segments as the use of these assets increases with time, Daniel Takieddine, CEO of MENA BDSwiss, tells TRENDS.Egypt’s IMF deal aims to reduce government debt
Cairo, Egypt--The IMF's new $3 billion financial support package for Egypt aims to reduce government debt to less than 80 percent of the gross domestic product in the medium term, according to a cabinet report released on Saturday. The IMF did not require the Egyptian government to cut spending on subsidies,...FIFA Cup helps Qatar, Egypt warm up bilateral ties
The two countries explore areas of joint cooperation to strengthen political, economic, investment and trade relations.ECI inks MoU with RAKEZ to help Ras Al Khaimah’s non-oil trade
DUBAI, UAE - Etihad Credit Insurance (ECI), the UAE Federal export credit company, signed an MoU with Ras Al Khaimah Economic Zone (RAKEZ) to support the emirate’s path towards economic diversification by stimulating its non-oil foreign trade. The Memorandum of Understanding came as part of ECI’s effort to support Ras Al...
Palestinian businesses in West Bank wary of Netanyahu government, cheap goods
The Palestinian govt has no money to support would-be entrepreneurs, environment for foreign investors is too risky and the Israeli occupation makes condition worse, say experts.Turkish investments in Algeria exceed $5 billion: Foreign minister
Algiers, Algeria--- Turkish investments in Algeria have exceeded $5 billion and the desired goal of $10-billion trade between the two countries would be achieved in a short time, Turkish Foreign Minister Mevlut Cavusoglu has said. Cavusoglu made this announcement at a joint press conference he addressed along with his Algerian...
Continuous efforts to enhance UAE’s endeavor to confront money laundering crimes: CBUAE Governor
The apex bank "will continue to take all measures to ensure the maintenance of the integrity of the financial system and ensure the compatibility of all financial transactions in the UAE to the requirements guaranteed by the system of registered hawala brokers,” he adds.Riyadh summits bring in fresh hopes, opportunities as region sees China as ‘growth engine of global economy’
While a UAE official in Beijing calls the China-Arab summit a key milestone in the history of relations between the two peoples, Palestine hails its outcomes as 'beyond expectations'
Saudi Crown Prince: ‘Arabs will race for progress and renaissance once again. We will prove that every day’
China has established comprehensive strategic partnership relations with 12 Arab countries separately, says Xi Jinping during Arab-China Summit in Riyadh.
‘Investment in sports a key part of global economy’
“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.Xi visit marks 34 deals between Saudi, Chinese firms ahead of China-Arab meeting and China-GCC summit
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'.Saudi Crown Prince considering $500m investment in Credit Suisse
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.Envoy eyes more cooperation, $6.32bn bilateral trade this year as UAE-Belgium ties mark 51st anniversary
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 TRENDSTotalEnergies cuts UK investment
Move comes UK imposes windfall tax on energy firms.
Innovation, sustainability to boost UAE real estate demand as market recovers from coronavirus impact
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.Cameroon has great potential for investment in prospective sectors, says UAE minister Al Zeyoudi
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.US economy rose 2.9% in Q3, more than early report
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...Global economic crisis takes fizz out of MENA startups
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.
SCCI, Moscow Chamber discuss trade, cooperation
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...
Updated labor laws give UAE job market an edge as cap removed on fixed-term employment contracts
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.
Nestle pours $1.8 bn in S Arabia
Firm said this will help bolster its presence in kingdom.Riyadh, Dubai, Kuwait lead MENA in supporting startups as region sees drop in investment levels
Riyadh has surpassed all other MENA cities in terms of startup activities with higher literacy rate, faster average broadband speed, a latest report points outQatar eyes investments ahead of FIFA World Cup
"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.UAE Minister discusses economic ties with Caribbean countries
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...Three out of four bitcoin investors have lost money: study
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.
