UNDP

du 9M profit up 10.8%

Revenue grows as connectivity demand supports earnings

Al Rajhi Bank 9M profit up

Revenue growth lifts earnings despite higher provisions

Mashreq prices Dim Sum bond

UAE bank raises offshore renminbi funding

Aldar buys Sharjah homes

Deal adds 1,100-plus rental units

SIB profit up 9%

Higher income from financing and investment drive growth.
  • Middle East conflict may push 30 million into poverty: UNDP

    According to a new UNDP policy brief, the impact is most severe in countries directly affected by the fighting and those reliant on imported energy. However, poorer nations geographically distant from the conflict are also expected to face significant long-term setbacks.
  • United Nations estimates rebuilding Gaza will cost $30bn to $40bn

    "The scale of the destruction is huge and unprecedented... This is a mission that the global community has not dealt with since World War II," UN assistant secretary-general Abdallah al-Dardari said. He added that if Gaza's reconstruction were to be carried out through the normal process, "it could take decades,...
  • ‘UAE outpaces major nations in human development’

    “These efforts ensure sustainable development across all sectors, promising a bright future for generations to come,” he adds, referring to the 2023-24 Human Development Index report by the United Nations Development Programme in which the United Arab Emirates topped the regional countries.
  • UAE rises to seventh rank globally in UN gender balance index

    Dubai, UAE -- The UAE advanced to the seventh rank globally in the Gender Inequality Index 2024, issued by the United Nations Development Programme (UNDP), rising significantly from its 49th place in 2015 and 11th place in 2022. The UNDP announced UAE's achievement during the meetings of the 68th session...
  • Despite post-Covid development rebound, rich-poor gap widens: UN

    The rebound follows two years of decline, when, in 2021 and 2022, the global Human Development Index fell twice in a row for the first time since its creation 35 years ago, rolling back five years of progress. Now, the UNDP forecasts a record high in the index for 2023.
  • COP28 strong push for climate action in Arab region

    "The UNDP has spent approximately $1 billion in the Arab region for integrated development solutions driven by national priorities and the program's strategic plan. It's time to use climate support avenues for economic transformation, fair transitions, and green investment in areas such as the circular economy," he adds.
  • 52 nations facing debt payment issues need urgent help: UNDP

    Achim Steiner, head of the United Nations Development Programme, said that 25 of the 52 were spending more than a fifth of government revenues servicing external debt. "The situation right now for developing countries when it comes to national debt is indeed very, very serious," Steiner said.
  • UAE ranks 1st regionally in UNDP Human Development Report

    The UAE has ranked 26th globally and first in the Arab world in the 2021/2022 Human Development Report, which is published annually by United Nations Development Program (UNDP).
  • World population set to reach 8bn this year, says UN

    The world's population is expected to hit eight billion on November 15, the UN forecast Monday in a report that said India will surpass China as the most populous country on earth in 2023. That overall population milestone "is a reminder of our shared responsibility to care for our planet and...
  • ‘Displaced in Iraq to return to their homes by end of 2023’

    The UNDP confirmed the implementation of 3,800 projects in five liberated Iraqi governorates and said that it is helping five million internally displaced persons return to their areas.
  • Yemen faces ‘extremely troubling outlook’, says UNDP chief

    War-torn Yemen faces an "extremely troubling outlook" after a serious escalation between Iran-backed Houthi rebels and Saudi Arabia, the head of the United Nations Development Program warned on Sunday.
  • UAE ranks first in Arab world, 11th globally in Global Knowledge Index

    Qatar was at the 38th place, Saudi Arabia at 40, Kuwait (48), Oman (52), and Bahrain (55) in the Global Knowledge Index that monitors the “Knowledge status” of the countries.
  • Sweden to support Gaza early recovery program through UNDP

    The Gaza Early Recovery Program aims to restore access to essential services, decent livelihoods for the Gaza population.
  • Yemen war will have killed 377,000 by year’s end: UN

    Most of those killed by the war's indirect effects were "young children who are especially vulnerable to under- and malnutrition."
  • UAE paradigm shift: Equal pay for both genders

    On September 18, the UAE joins countries worldwide in celebrating International Equal Pay Day. It was approved by the United Nations (UN), as an annual occasion to intensify efforts to empower women and girls and remove all obstacles to achieving equality between them and men in the labour market.
  • Kuwait commits $2.5 million to Lebanon via UNDP for waste management

    This is part of an agreement between Kuwait and the UNDP, called the Stabilisation through Solid Waste Management Projects in Lebanon.
  • Solar panels power rebel-held Syrian areas

    UNDP says at least 90 percent lack a stable power supply across Syria In rebel areas, there is little hope of state-provided electricity   Huge solar panels poke out of pumpkin and tomato fields in Syria’s rebel-held northwest, where after infrastructure was destroyed during a decade of war, many have...