Author: Steven Sahiounie

RIYADH: Representatives from over 100 countries and multinational organizations will assemble in Riyadh for the 15th International Conference on Air Services Negotiations, focusing on enhancing aviation for improved global transport. Beginning Dec. 3, the five-day event will attract over 700 civil aviation experts and specialists. The ICAN2023 Conference, recognized as the foremost international event in its category, is dedicated to aligning with the swift advancements in the global air transport industry, as reported by the Saudi Press Agency. Negotiations and discussions between delegations from different nations are set to take place on both bilateral and multilateral fronts. Moreover, the participants…

RIYADH: Developing countries in Africa have urged developed nations to ensure equitable climate change financing for the implementation of adaptation and mitigation projects to address the global crisis, as highlighted by various officials participating in the UN Climate Change Conference in Dubai. On the second day of the COP28 summit, President of the Central African Republic Faustin-Archange Touadéra emphasized that developed countries, being the primary polluters, should bear the cost of climate change. “When it comes to determining who should pay for the climate bill, the answer is, bearing in mind the gap between developed countries, which are the primary…

RIYADH: A conference to promote economic opportunities for American firms in Saudi Arabia will be held in New Orleans on Monday. Organized by the US-Saudi Business Council and Texas-based law firm KN Legal, the event will feature speakers from Saudi Aramco, the US Export Assistance Center in New Orleans and the Lafayette Economic Development Commission, the Saudi Press Agency reported on Saturday. The presentations will provide valuable information and support to companies interested in entering the Saudi market or expanding their businesses there. The Kingdom offers opportunities in the oil and gas industry as well as megaprojects linked to the…

COP28 Presidency and Saudi Arabia launched the Oil and Gas Decarbonisation Charter (OGDC), a global industry charter aimed at speeding up climate action across the oil and gas sectors. Officials said 50 oil and gas companies, representing more than 40 percent of global oil production, have signed the charter, reported Emirates News Agency (WAM). National Oil Companies represented over 60 percent of signatories, the largest-ever number of NOCs to commit to a decarbonisation initiative. Signatories have committed to net-zero operations by 2050, ending routine flaring by 2030, and near-zero upstream methane emissions. In a WAM statement, COP28 President Dr. Sultan…

The volume of intra-trade between the State of Qatar and Brazil has increased from $576mln in 2020 to $1.04bln in 2021 Qatar – The State of Qatar aspires to strengthen its relations with the world’s most influential countries, including the Federal Republic of Brazil, and the visit of Brazil’s President H E Luiz Inacio Lula da Silva, who arrived in Doha yesterday, is expected to open a new chapter in the relations spanning nearly 50 years, in light of political and economic challenges and hopes for developing and strengthening bilateral relations. The diplomatic relations between the two countries was announced…

The public sector witnessed a marginal increase of 0.1%, reaching 43,230 in October 2023, compared to 43,173 in October 2022 Oman – The consistent growth in the foreign labour force underscores Oman’s sustained economic expansion MUSCAT: The National Centre for Statistics and Information (NCSI) has reported a 1.2% increase in the foreign workforce in the Sultanate of Oman to reach 1,832,729 workers in October 2023, surpassing the 1,821,835 recorded in October 2022. This increment is ascribed to a 1.3% elevation in the number of workers within the private sector, amounting to 1,446,233 in October 2023, compared to 1,437,477 in October…

From education to sustainability, Sheikh Mohamed bin Zayed laid down the goals in four main points In a declaration issued to mark the 52nd UAE National Day, the President, His Highness Sheikh Mohamed bin Zayed, announced the ‘Union aspirations’ for 2024. Sharing the message on the social media platform X on Saturday, the UAE Government laid down the aspirations in four main points, quoting the President. Sheikh Mohamed bin Zayed called on everyone — “every facet of our society” — to adopt these aspirations. The President reiterated that the “people of the UAE are central to its progress”. “We have…

His Highness and the Brazilian President discussed bilateral relations and opportunities for further collaboration President His Highness Sheikh Mohamed bin Zayed Al Nahyan held talks today with Luiz Inácio Lula da Silva, President of the Federative Republic of Brazil, on the sidelines of the UN Climate Change Conference (COP28) at Expo City Dubai. His Highness and the Brazilian President discussed bilateral relations and opportunities for further collaboration, especially in the areas of the economy, trade, and investment. They also discussed various regional and international matters of mutual interest. The two leaders reviewed issues addressed at COP28, reiterating the importance of…

The data also showed that foreign assets with the CBE amounted to EGP 1.06 trillion at the end of October Egypt’s net foreign assets (NFAs) hit a negative EGP 839.219 billion in October, compared to a negative EGP 828.733 billion at the end of September, data from the Central Bank of Egypt (CBE) revealed. The data also showed that foreign assets with the CBE amounted to EGP 1.06 trillion at the end of October, and the foreign assets with banks stood at EGP 426.232 billion. Meanwhile, foreign liabilities with the CBE and banks totaled EGP 2.322 billion. Source: Zawya

On the sidelines of COP28 currently hosted in Dubai, Fouad noted that these projects are set to be executed starting in 2025 Arab Finance: Egypt will seal project agreements to reduce carbon emissions in the industrial sector with investments of up to $270 million, Minister of Environment Yasmine Fouad said in an interview with Asharq Business. On the sidelines of COP28 currently hosted in Dubai, Fouad noted that these projects are set to be executed starting in 2025. The Egyptian government plans to complete the clean transport project, which is part of the national contributions to reduce the emissions of…