Tag: economy

    Saudi Arabia startups see massive growth in eco-friendly ‘impact’ funding

    Venture capital impact investment in Saudi Arabia reached a new high in 2021 in both total numbers of transactions and capital deployed, according to a report produced by MAGNiTT and sponsored by Wa’ed, Saudi Aramco’s entrepreneurship arm. Impact investments aim to generate a measurable social and environmental benefit alongside a financial return, Arab News reports. […]

    Environmental activists in Europe blocked Amazon’s centers on Black Friday due to excessive consumption

    On Friday, November 26, the environmental group Extinction Rebellion blocked the entrances to 13 Amazon distribution centers in the UK (including its largest one, in the Scottish town of Dunfermline) and one each in Germany and the Netherlands, the BBC and Reuters reported. Police arrested five people at a protest in Dartford and 17 in […]

    ‘Iraq – a sustainable future’: IBBC’s Autumn conference is back with a bang and opens for business engagement

    The IBBC Autumn Conference in Dubai is a must-attend returned to in-person events on 22 November, at the Address Hotel, Dubai Marina, UAE. IBBC hosted many of the key companies and officials who make the decisions on Iraq’s future business. Among them were the main stakeholders in the energy sector in Iraq. This years conference […]

    How the US could resolve its dilemma on oil prices, the environment, and Opec+
    25 Nov 2021

    It seems almost forgotten that it was Trump who asked Opec+ to make deep cuts to save the American oil industry. Let’s read the analytics by Robin Mills, the chief executive of Qamar Energy and author of The Myth of the Oil Crisis, published in The National News. Opec+ meetings have become oddly routine. They […]

    Progress, but hardly success. Five key conclusions from the International Climate Negotiations in Glasgow
    24 Nov 2021

    The Conference of the Parties to the United Nations Framework Convention on Climate Change – COP26 ended on 14 November in Scotland. After two weeks of international climate talks, the countries of the world signed the Glasgow Climate Pact. The document calls on governments to improve their climate targets as early as next year and […]

    Oman ministry invites business owners to invest in waste recycling activities

    The Ministry of Commerce, Industry and Investment Promotion (MoCIIP) has invited business owners to invest in waste recycling activities to enhance the local added value in the Sultanate of Oman. According to the statistics available at the MoCIIP the number of waste exports for the years 2020 and 2021 reached more than 230,000, where paper […]

    Muscat Stock Exchange establishes a new department

    A new department under the name of environmental, social and governance (ESG) and diversity and inclusion (DI) framework was announced by Muscat Stock Exchange (MSX) on November 14, Times of Oman reports. The exchange has also appointed Majida bint Sheikhan Al Mamari as the head of this initiative. The setting up of this section comes […]

    Omani Projects of sustainable nature showcased at Expo 2020 Dubai

    Sustainability Forest at Oman Pavilion in Expo 2020 Dubai hosts Omani projects of sustainable nature. These projects highlight a crucial theme of this global event, namely sustainability, The Arabian Stories reports. Among the projects showcased at the Oman Pavilion is the Million Date Palm Plantation Project. It has 11 farms so far that are spread […]

    Ministers, business leaders gather at Expo2020 Dubai to reinforce the business case for governance and sustainability

    The Pearl Initiative, the leading Gulf non-profit organization promoting a corporate culture of accountability and transparency, hosted 37 CEOs of leading regional and international corporations along with UAE ministers at Expo2020 Dubai for its annual CEO Council meeting to discuss the increasingly important role of the private sector in realising national policy agendas, WAM reports. […]

    The UN climate talks in Glasgow are launching a new industrial revolution
    21 Nov 2021

    In the 21st century, we must embody a new “green” industrial revolution that must be bigger than the previous two in the 19th and 20th centuries, says Oleg Savitsky, an expert on climate and energy policy of the Ukrainian Climate Network. Let’s check his opinion published in the European Truth. *** The international negotiations of […]