Other Gulf markets also took a dive, reflecting global trends as countries around the world grapple with Trump's shock tariffs affecting US allies and rivals alike.

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...

The World Economic Situation and Prospects (WESP) 2025 report shows that despite withstanding a series of mutually reinforcing shocks, global economic growth has stagnated and remains below the pre-pandemic annual average of 3.2 percent. The report produced by the UN Department of Economic and Social Affairs (DESA), highlights the enduring...

A group of 134 developing countries had pushed for at least $500 billion from rich governments to build resilience against climate change and cut emissions of planet-warming greenhouse gases.

Paris, France - The world's richest one percent increased their fortunes by a total of $42 trillion over the past decade, Oxfam said Thursday, ahead of a G20 summit in Brazil where taxing the super-rich tops the agenda. Despite this windfall, taxes on the rich had plummeted to "historic lows", the...

Iran's UN envoy, Amir Saeid Iravani, retorted that the Islamic republic was exercising its "inherent right to self-defence" and "had no choice" but to act. He insisted his country did "not seek escalation or war", but would respond to any "threat or aggression".

Dubai, UAE--Dubai Chambers has signed a memorandum of understanding (MoU) with DP World to enable the chambers to leverage DP World’s global network to establish and host international representative offices at the group’s facilities around the world. The partnership aligns with the goals of the Dubai Global initiative launched by...

GENEVA, SWITZERLAND – Scientists will work to channel the huge emerging power of quantum computers for the common good at a new institute opening in Geneva on Tuesday, its founders said. The Open Quantum Institute is calling on researchers from around the world to pinpoint the most promising future applications for...

Abu Dhabi, UAE--Masdar, the UAE’s clean energy powerhouse, has completed its acquisition of a 49 percent shareholding in the 3 gigawatt (GW) Dogger Bank South (DBS) project – one of the world’s largest planned offshore wind farms. The planned $13.89 billion joint investment with RWE, a leading renewable energy company...

Dubai, UAE-- In the month of May scores of airport developers, officials, and suppliers from around the world will troop into Dubai to participate in the world’s largest annual event dedicated to the airport industry. The 23rd edition of the three-day B2B event at the Dubai World Trade Centre (DWTC),...

Jeddah, UAE--The Arab Tourism Organization (ATO) has signed a partnership agreement with the International Strategic Management (ISM) company to achieve growth and innovation within the tourism sector in Arab countries. The agreement comes as an extension of the ATO’s efforts to develop and enhance the tourism industry in the Arab...

PARIS, FRANCE -  Earth has endured 12 consecutive months of temperatures 1.5C hotter than the pre-industrial era for the first time on record, Europe's climate monitor said Thursday, in what scientists called a "warning to humanity". Storms, drought and fire have lashed the planet as climate change -- supercharged by the...

The slashing of jobs follows huge third-quarter losses.

The International Energy Agency said that the renewable energy capacity added to energy systems went up 50 percent in 2023, touching almost 510 gigawatts, with solar PV accounting for three-quarters of additions worldwide. Nearly 200 nations at the COP28 summit last month agreed to transition away from fossil fuels.

IATA’s Director-General Willie Walsh said that international travel is 5.5% below pre-pandemic levels, but that gap is narrowing fast. "And domestic markets have been above their pre-pandemic levels continuously since April." According to Walsh, international travel is moving ever closer to surpassing the 2019 peak year.

Doha, Qatar-- Qatar received more than three million tourists from around the world during the ongoing year, making the oil-rich country a great tourist destination. According to chairman of Qatar Tourism, Saad bin Ali Al Kharji, Qatar has become a distinctive tourist destination, which is particularly evident as Qatar holds...

PARIS, FRANCE -  Growing calls for the world to come to grips with the many ways that global warming affects human health have prompted the first day dedicated to the issue at crunch UN climate talks starting next week. Extreme heat, air pollution and the increasing spread of deadly infectious diseases...

Dubai, UAE--Dubai Airports is expecting annual passenger traffic at Dubai International (DXB) to touch 86.8 million – surpassing 2019 traffic, propelled by strong growth throughout the first three quarters of the year and anticipation of an exceptional surge in guest numbers in the final quarter. DXB commenced the second half...

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.

Dubai, UAE-- Describing the COP28 as a huge moment for the world and the UAE, Andrew Griffith, Economic Secretary to the UK Treasury, said the whole world's eyes "will be here." Speaking to the media in Dubai, he said that sustainable finance will be central to the global event. He...

Tehran, Iran--Iran's President Ebrahim Raisi believes the expansion of ties between Tehran and Riyadh will be effective in strengthening regional cooperation and solving the problem of the region and the Islamic world. The president made the remarks in a meeting with Abdullah bin Saud Al-Anzi, the newly appointed Saudi Arabian...

Riyadh, Saudi Arabia - The president of the upcoming COP28 climate talks in Dubai called on Sunday for governments to abandon the "fantasy" of hastily ditching existing energy infrastructure in pursuit of climate goals. "We cannot unplug the energy system of today before we build the new system of tomorrow. It...

Dubai, UAE-- Terming climate action as an opportunity to create a more equitable and sustainable world, Mariam bint Mohammed Almheiri, UAE's Minister of Climate Change and the Environment, believes it is a chance to raise living standards, "create new jobs and vibrant new industries, strengthen our bond with nature, and...

PARIS, FRANCE - Attempts to change the existing world order threaten to weaken the West and especially Europe, French President Emmanuel Macron said at the annual conference of his country’s ambassadors here. “The situation on the international arena is becoming more complicated, which is fraught with the risk of the...

Women entrepreneurs in the UAE succeed in breaking the barriers, distinguishing themselves in diverse fields, enabled along the way by the country's women-empowerment legislation.

Dubai, UAE-- Calling on governments around the world to demonstrate leadership by signing the "Leaders Declaration on Food Systems, Agriculture and Climate Action", the COP 28 Presidency launched its Food Systems and Agriculture Agenda during the Food Systems Summit in Rome. It forms part of its continued work to define...

Record heat is forecast around the world from the United States, where tens of millions are battling dangerously high temperatures, to Europe and Japan, in the latest example of the threat from global warming. The heatwaves come after EU's climate monitoring service said the world saw its hottest June on...

Manama, Bahrain--Bahrain has climbed up to ninth position in the top destinations in the world for expatriates, according to report published by global expat network InterNations. The country gained the higher position out of all the countries in the Middle East thanks to the ease of getting a visa, dealing...

Paris, France--Global trade in agricultural commodities is projected to expand by 1.3 percent annually - half the pace recorded in the past decade - due mostly to slower growth in demand by middle-income countries, according to a report released by the Food and Agriculture Organization of the United Nations (FAO)...

ROME, ITALY - World cereal production is predicted to hit a record high in 2023-24, according to the latest Cereal Supply and Demand Brief, released by the Food and Agriculture Organization (FAO) on Saturday. FAO raised its 2023 global cereal production forecast to 2 819 million tonnes, indicating a 1.1...

TIANJIN, CHINA -  The World Economic Forum on Tuesday announced its annual list of breakthrough technologies with the greatest potential to make a positive impact on the world. These include flexible batteries, generative AI and sustainable aviation fuel. The technologies featured in the Top 10 Emerging Technologies Report 2023, produced...

Abu Dhabi, UAE--The International Security Alliance (ISA) has seized narcotics estimated to be worth US$750 million from a large transnational drug trafficking ring, and arrested 597 suspects, in a wide operation spread over many continents, dealing a big blow to organized criminal groups trafficking in drugs. The ISA, a working...

Tehran, Iran-- The future of relations between Iran and the United Arab Emirates is promising and in line with the interests of both nations, according to Iran's ambassador to the UAE. "The two countries intend to find ways to have warmer and closer relations in light of developments in the...

Tehran, Iran-- A free trade zone agreement between Iran and the Eurasian Economic Union (EAEU) will be signed before the end of the year, according to Russia's deputy Prime Minister Alexey Overchuk. "Now, indeed, the EAEU has come very close to concluding such an agreement with Iran. This issue was...

According to a report by the FAO, the world food import bill is forecast to touch a new record this year, although it is estimated to grow at a much slower pace compared to last year. This at a time when surging world prices fueled by higher quotations for fruits,...

Dubai, UAE-- Airline industry is expected to clock net profits in the region of $9.8 billion in 2023, which is more than double the previous forecast of $4.7 billion, according to the International Air Transport Association's (IATA) outlook for 2023. Airline industry operating profits are expected to reach US$22.4 billion...

The three-day conference in Abu Dhabi has brought together officials from around the world to discuss the menace of money laundering and terrorism financing and how to combat it. An official from the UAE's ministry of justice affirmed the need for global partnerships and more direct contact between relevant authorities...

Algiers, Algeria-- Syrian Foreign Minister Faisal Mekdad arrived in Algeria on Saturday, Algerian state radio reported late on Friday, a visit that reinforces Damascus' openness to the Arab world after it was isolated for more than a decade. The Algerian foreign minister, Ahmed Ataf, received the visiting minister, state radio...

Riyadh, Saudi Arabia--Four cities in Saudi Arabia were placed in the IMD Smart City Index for 2023. According to the index, released by the International Institute for Management Development (IMD), the Saudi capital city of Riyadh maintained its position as the third smartest Arab city. Makkah entered in the index...

World food prices are still high but have fallen by a fifth compared to a year ago when prices soared to a monthly record high after Russia invaded agricultural powerhouse Ukraine, UN data showed. Prices have fallen 20.5 percent since March 2022 after a 12th straight monthly drop, the Food...

A continued slowdown in almost all the world's advanced economies is expected to drag global growth below three percent this year, the International Monetary Fund's managing director warned. "With rising geopolitical tensions and high inflation, a robust recovery remains elusive," Kristalina Georgieva said in remarks ahead of the IMF and...

Tangiers, Morocco--Morocco stunned Brazil 2-1 in a friendly international on Saturday as the north African side recorded a first ever win over the five-time world champions. Midfielder Sofiane Boufal, a former Southampton star, but now playing with Al Rayyan in Qatar, gave Morocco the lead after 29 minutes, scoring with a...

Dubai boasts a thriving community of startup incubators and accelerators, as well as regulatory sandbox schemes for the development and testing of new tech business models.

TRENDS comes out with exclusive interviews of eminent leaders who had set a blueprint for a peaceful and successful global future during the Davos Summit earlier this year.

GENEVA, SWITZERLAND - The world failed to act quickly enough to rush life-saving aid to Syrians in desperate need following the devastating earthquake, United Nations investigators said Monday. The quake response was characterized by failures by the government, other factions in the civil war, the international community and the UN itself,...

The FDIC on Friday took over SVB, a major lender to the tech world, in the second-largest bank failure in US history. The bank is expected to reopen on Monday under a new name.

With a score of 110.50, it jumped straight from 35th place last year to the top of the list. 

The first UN delegation to visit rebel-held northwestern Syria since last week's earthquake crossed over from Turkey, AFP reported, as anger simmers at the world body's slow response. Over 35,000 people were killed when the quake devastated swathes of Syria and neighboring Turkey on February 6, at least 3,600 of...

Dubai, UAE-- The 2023 edition of Dubai Marathon will be held at Expo City Dubai on 12th February, 2023, according to its organizing committee. Organised with the support of the Dubai Sports Council and the cooperation of various government entities, the 22nd edition of the race will bring together runners...

Dubai, UAE--Dubai International Financial Centre (DIFC) unveiled the “DIFC Metaverse Platform” to attract technology innovators from around the world. The platform is part of a comprehensive strategy being developed by Dubai International Financial Centre, the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, to...