In anticipation of the 28th United Nations Conference on Climate Change (COP 28), the African Development Bank Group has introduced a series of comprehensive Country Focus Reports (CFRs). These reports aim to provide African policymakers with valuable insights and recommendations as they prepare for the global event, which is scheduled to take place in Dubai […]
In a significant move towards sustainability and resilience, the International Monetary Fund (IMF) Executive Board has given its approval for a Resilience and Sustainability Facility (RSF) allocation of approximately $1.3 billion to Morocco. This financial arrangement is designed to support Morocco’s ambitious journey towards a greener economy while enhancing its ability to cope with natural […]
In a groundbreaking move, the Asian Development Bank (ADB) has given the green light to capital management reforms that will inject a staggering $100 billion in fresh funding capacity into the Asia-Pacific region over the next ten years. This strategic initiative aims to combat a multitude of pressing challenges facing the region by leveraging private […]
Riyadh, September 28, 2023 – Saudi Arabia’s relentless pursuit of Vision 2030 goals has begun to yield promising results, with the nation’s overall unemployment rate declining to 4.9 percent in the second quarter of this year. This marks a significant reduction of 0.2 percentage points compared to the previous quarter, according to official data released […]
The Saudi Fund for Development has signed a $10 million contribution agreement with the Asian Infrastructure Investment Bank (AIIB) to support the financial institution’s newly established programs, as reported by the Saudi Press Agency (SPA). This initiative aims to strengthen infrastructure development in low-income member countries, helping AIIB bridge the financing gap in infrastructure and […]
The UAE’s EDGE Group, a global leader in advanced technology and defense solutions, has announced its acquisition of a 50% stake in SIATT, a Brazilian specialist in smart weapons and high-tech systems. The official signing of the acquisition deal took place at SIATT’s headquarters in São José dos Campos, with Faisal Al Bannai, Chairman of […]
Emirati designers participating in the 52nd edition of the Watch & Jewellery Middle East Show have captivated visitors with their innovative and distinctive collections displayed at the “Emirates Jewellers” pavilion. This prestigious event, held at the Expo Centre Sharjah and supported by the Sharjah Chamber of Commerce and Industry (SCCI), will continue to run until […]
Samia Bouazza, a seasoned business leader, holds the prestigious position of Group CEO and Managing Director at Multiply Group, an Abu Dhabi-based holding company listed on the Abu Dhabi Securities Exchange. With a remarkable career marked by entrepreneurship and innovation, Samia is driving Multiply Group to new heights of success. At Multiply Group, Samia plays […]
The Energy Industries Council (EIC), a leading energy trade association, has confirmed its participation in the Abu Dhabi International Petroleum Exhibition Conference (ADIPEC) 2023, where it will host the UK Pavilion. This year’s ADIPEC, scheduled to take place from the 2nd to the 5th of October in Abu Dhabi, marks the 20th anniversary of EIC’s […]
In a significant meeting held at the Abu Dhabi National Oil Company (ADNOC) headquarters, H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, led the Executive Committee of ADNOC’s Board of Directors. The session, held to oversee ADNOC’s key initiatives, saw discussions […]
