“Japan and the UAE will deepen their cooperation beyond traditional areas such as energy and the economy to include a wide range of fields like climate change, education, science and technology, outer space, and defense, under the ‘Comprehensive Strategic Partnership Initiative’. Such cooperation could expand in the field of international...

Dubai, UAE -- Construction costs are set to increase in the UAE by 2-3 percent, and in Saudi Arabia by 5-7 percent in 2024, following an increase of 3 percent and 7 percent respectively in 2023. Increases will challenge construction firms, which will need to develop new processes and capabilities to...

The consumer products sector enjoys tremendous growth, with retail sales value for the industry globally rising by close to 10 percent year on year in 2023, says a report.

"The CFO's role as an ESG guardian and promoter varies significantly across organizations. CFOs with limited ESG experience should deepen their understanding by connecting with different business areas to see how sustainability affects each function and by engaging with investors on the subject," she adds.

With Vision 2030 steering the economic diversification, Saudi banks face challenges and opportunities in liquidity, asset quality, and navigating geopolitical risks.

"Through effective and constructive collaboration with various local and international partners, we have succeeded in establishing an integrated energy transition system that embraces innovation as its core approach," he adds, highlighting the importance of investing in the youth and developing their skills, as they will play a key role in...

GCC retail sector evolves dynamically, blending innovation with tradition to woo investment, says Khalifa Bin Braik of Majid Al Futtaim Asset Management.

Canon focuses on innovation, integrating AI-driven features, deep learning and machine learning to meet changing customer needs, says a top executive of Canon Middle East.

The sector witnesses a shift towards personalized and precision medicine, underscored by healthcare's significant digitization and data generation, says a white paper.

"COP28 saw all parties reach an agreement on the historic ‘UAE Consensus.’ This consensus includes achieving a well-organized, responsible, fair, and realistic transition to a zero-carbon energy system. It also set, for the first time, specific time-bound goals to triple the capacity of renewable energy sources by 2030," he adds.

The F&B packaging industry in the region adapts to post-COVID consumer behaviors, emphasizing health, wellness, and sustainability, Abdelghany Eladib of SIG tells TRENDS.

“We're witnessing strong, growing, and sustainable demand for energy and water in Dubai. In 2023, the peak electricity load rose by 9 percent, and peak water demand increased by 5 percent. This growth stems from urban development, economic expansion, and a steady rise in population," he adds.

A shift to green tech and renewable energy is fostering the Gulf economy's resilience and diversification for a sustainable future, says Phil Malem of Serco Middle East.

Despite last year's challenges, the region is set to see robust growth this year, led by the UAE, which is expected to top the economic performance with a 4% GDP growth.

DUBAI -- In the heart of the UAE, a significant transformation is taking place in the transportation sector. As the global business landscape evolves, a group of innovative startups in the UAE is not only keeping up with established companies but also making strides, influencing the competitive dynamics of the...

"The UAE's success in establishing a fully regulated carbon market, integrating carbon regulation to manage and trade emissions effectively, providing companies with tools to reduce their carbon footprint," he adds while highlighting the UAE's commitment to achieving net-zero emissions and praising its leadership in this crucial area.

Aldar's total ESG financing facilities reach $1.30 billion.

Speaking at the 12th Arab Energy Conference organized by the Organization of Arab Petroleum Exporting Countries (OAPEC), Qatar's Energy Minister Saad bin Sherida Al Kaabi stressed the importance of addressing energy security challenges and called for increased investments in energy efficiency, low-carbon technologies, and renewable energy sources.

"The UAE launched the 'Trade Tech Initiative' in partnership with the World Economic Forum. The initiative aims to accelerate the digitization of international supply chains, enhance customs procedures, improve developing countries' access to the global trading system, and spur a new era of trade growth," he adds.

NEOM, Saudi Arabia: NEOM, a mega-city project in Saudi Arabia characterized by futuristic urban planning and advanced technologies, Sunday announced the launch of Topian, the NEOM Food Company. Neom said in a statement that Topian seeks to redefine food production, distribution, and consumption through the creation of sustainable and innovative food...

With 57% of C-suite executives in the UAE prioritizing regenerative models, the country is leading the global shift towards sustainable and regenerative business practices.

The GCC's transformation towards sustainability encompasses economic growth, job creation, and resource management, shaping a resilient and green future for the region.

Dubai, UAE - The UAE announced the launch of the Industrial Decarbonization Roadmap at COP28 on Tuesday with the aim of reducing industrial carbon emissions by 2.9 gigatonnes cumulatively until 2050. Focusing on manufacturing and hard-to-abate sectors, including cement, iron, steel and aluminium, the strategic initiative reflects the country’s commitment...

"Renewable energy is key to our planet's future. It's time to phase out fossil fuels and embrace sustainable solutions. The fate of humanity depends on the decisions made at this COP. I urge you to take the lead. The fate of humanity hangs in the balance. Make this COP count,"...

"Renewable energy is key to our planet's future. It's time to phase out fossil fuels and embrace sustainable solutions. The fate of humanity depends on the decisions made at this COP. I urge you to take the lead. The fate of humanity hangs in the balance. Make this COP count,"...

“COP28 is attracting significant interest from various participating countries and will serve as an important forum for climate enthusiasts. This reflects the commitment of people who are eager to enact change and preserve the planet by taking serious steps towards a better future,” President Whipps adds.

The discussions between the UAE president and the Cuban president at Expo City Dubai focused on cooperation in various fields particularly in the economic, investment, developmental, renewable energy, and sustainability sectors, aiming to broaden their scope to fulfil the aspirations of both nations for development and prosperity.

"At COP28, governments need to focus on two timeframes: an immediate surge in climate action and a springboard for the next crucial two years and beyond. In Dubai, governments must determine which bolder actions are necessary and how to implement them. COP28 must be more than a photo opportunity," he...

The Kingdom's selection as the host for World Expo 2030 marks a pivotal moment in its journey towards innovation, openness, and global connectivity.

The Kingdom's selection as the host for World Expo 2030 marks a pivotal moment in its journey towards innovation, openness, and global connectivity.

Saudi Arabia -- competing against Busan, Korea, and Rome, Italy -- bids for Expo 2030 with a focus on innovation, sustainability, and global unity.

A first of its kind in the region, the combination will offer consumers digital services of the best and latest in premium movies, TV shows, music, podcasts.

DUBAI, UAE - Fitch Ratings has affirmed the critical role that COP28 will play in raising awareness of sustainability issues in the region and steering investment and financial requirements towards a more environmentally responsible approach. Bashar Al-Natoor, Global Head of Islamic Finance and Managing Director at Fitch Ratings, expressed optimism...

Across the arid region, in which conventional agriculture is beset by many challenges, insect farming for livestock feed is perceived as a sustainable path for a secure food supply.

Despite facing challenges like regulatory compliance and interoperability, blockchain promises to revolutionize airline operations, offering improved passenger experiences.

Paris, France-- The UAE has made a fervent appeal to members of the United Nations Educational, Scientific and Cultural Organization (UNESCO) to join the country and its group of friends to lead climate efforts on the occasion of the UAE hosting COP28 in Expo City Dubai from 30th November to...

The future of travel is expected to see greater use of renewable energy in transportation and advancements in technology, driving sustainable practices. The voluntary carbon offset market, meanwhile, is projected to grow significantly, reflecting the industry's commitment to sustainability.

Dubai is actively implementing climate adaptation strategies and technologies in transportation and infrastructure to mitigate climate change effects and enhance the city's resilience.

"Our stance on the Palestinian issue is unequivocal. The Palestinian people's right to resistance, including reclaiming their occupied land and confronting the Zionist entity, will persist," he adds, expressing optimism that the next phase would promote "greater unity and efficacy for Arab causes".

Combating climate change demands global collaboration and collective action, European Commissioner for Cohesion and Reforms Elisa Ferreira tells TRENDS in an interview.

Manama, Bahrain--The Supreme Council for the Environment (SCE) signed a cooperation agreement with Foulath Holding Company to boost sustainable development goals in Bahrain. The agreement aimed at planting and preserving mangrove trees in line with the sustainable development goals (SDGs). Amna Hamad Al Rumaihi, Acting Director of the Communication and...

"Buildings should produce more clean energy than they consume. This transformation demands a reevaluation of our relationship with nature. Rather than viewing ourselves as separate from nature, our future progress hinges on the health of natural systems that supply life's essentials," he adds.

“To achieve our climate objectives, every segment of the economy, including retail, must work towards a greener future. The upcoming COP28 will see UAE businesses actively participating, not just observing. They will demonstrate that businesses are integral to the climate solution,” she adds.

Combating climate change demands global collaboration and collective action, European Commissioner for Cohesion and Reforms Elisa Ferreira tells TRENDS in an interview.

"The UAE's financial markets are proactively broadening sustainable finance options. The Dubai Financial Market has rolled out regulatory frameworks for environmental, social, and governance reporting, urging listed companies to enhance ESG information disclosure and adopt ESG reporting practices," she adds.

Riyadh, Saudi Arabia – A farm in Saudi Arabia has entered the Guinness World Records as the world's largest sustainable farm by area. The farm is one of the extension farms of the rejuvenated water farming research unit of the Bin Heshbal Valley in the Asir Region. The total area...

Dubai, UAE - Qatar has signed two agreements with the International Monetary Fund (IMF) on its contributions towards IMF's poverty reduction and sustainable initiatives. The agreements were signed on the sidelines of the Annual Meetings of the Boards of Governors of the World Bank Group (WBG) and the IMF in...

The emirate has transformed into a hub of entrepreneurship and ingenuity over the years. Renowned for its ambitious vision and relentless drive for excellence, the city epitomizes the boundless opportunities available for those with a pioneering mindset and a passion for innovation.

Dubai's iconic skyline and architectural marvels have garnered global attention, offering stunning views for visitors and residents alike. This allure has attracted many to work, live, and invest in the emirate, solidifying Dubai's reputation as a thriving, futuristic metropolis where visionary projects come to life.

Amman, Jordan-- Jordan has taken measures to hedge against the impact of international crises on food security and lower its impact on families, local communities and the national economy of the kingdom. This was revealed by the kingdom's Minister of Agriculture Khaled Hneifat while speaking the 6th General Assembly meetings...