Gulf state leaders at the GCC summit in Riyadh last week pushed for greater cooperation and unity among Arab nations. There is a clear understanding that in today’s climate, with economic challenges from COVID-19 and changes to global oil usage, they must pull together to fully utilize the strength of the GCC and all it […]
High Highness Sayyid Asaad bin Tarik al Said, Deputy Prime Minister for International Relations and Cooperation Affairs, Personal Representative of His Majesty the Sultan, presided over the launching ceremony of Liwa Plastics Industries Complex (LPIC), a RO 2.7-billion mega project of OQ, at Suhar Industrial Port, on December 13, Oman Observer reports. The LPIC is […]
Most economists expect the global economy to grow in 2022, but their forecasts may be wrong, according to a Bloomberg report released on December 13. Below there are the most significant economic risks for 2022. “Most forecasters expect a confident recovery of the economy, lower prices, the departure of governments from the emergency monetary policy,” […]
Months before the harvest began in November, Greek olive oil farmer Michalis Antonopoulos knew it would not be a good year. First, his trees did not fully blossom because last winter was not cold and wet enough. In the spring, temperatures soared to 38 degrees celsius, damaging the flowers that were to grow into olives. […]
Saudi Arabia took part in a virtual general assembly meeting of the Bureau International des Expositions held in Paris to start the candidature process, which will take place in five stages and will end with a vote at the end of 2023. The Kingdom delivers virtual tours highlighting capital as ‘a prosperous, sustainable city of […]
Electrification within mining is on the rise, and operators are on board with the transition, which is essential if the industry is going to supply the many minerals and metals required for electric devices, vehicles and infrastructure more sustainably. This is the first idea of the article by Mohammed AlMousa, country managing director, ABB Saudi […]
The Responsible Finance and Investment (RFI) Foundation, in partnership with HSBC Middle East Ltd, is working to accelerate the adoption of responsible finance by FinTechs, GDNonline reports. The newly-launched RFI’s Global Virtual Innovation (GVI) Hub is striving to bring responsible finance to the forefront at FinTech startups during their early development stages. The goal of […]
People usually perceive the finance sector to be the environment’s arch-enemy, with its supposed fixation on short-term profits, whatever the cost. However, the theories the Goldman Sachses of this world use to make money can also be used to save the environment, if we are open-minded enough to get past the stigma of big finance, […]
We’ve found interesting views expressed for Al Arabiya by Omar Al-Ubaydli, a researcher at Derasat, Bahrain. He guesses that many see population growth as damaging to economic development in the sustainability era. *** Yet before the days of climate change and environmental degradation, scholars found that a growing population can boost the economy. Elon Musk […]
The agreement paves the way for Natixis CIB to finance approximately $2bn over two years for ACWA Power’s future project pipeline, Mepmiddleeast reports. Saudi Arabia’s ACWA Power, which is a leading developer, investor, and operator of power generation, desalinated water, and green hydrogen plants worldwide, has inked a Memorandum of Understanding (MoU) with Natixis Corporate […]
