Economy Middle East

climate change

COP28 places the GCC at the center of the fight against climate change
MENA

COP28 places the GCC at the center of the fight against climate change

The Middle East's pivotal role in climate solutions

WGS 2024: ALTÉRRA investment vehicle sets ambitious goal to mobilize $250 billion by 2030
Sustainability

WGS 2024: ALTÉRRA investment vehicle sets ambitious goal to mobilize $250 billion by 2030

UAE committed $30 billion to ALTÉRRA during COP28

WGS 2024: UAE Consensus becomes benchmark for global climate ambition, sustainable development
Sustainability

WGS 2024: UAE Consensus becomes benchmark for global climate ambition, sustainable development

Establishing the COP Presidencies Troika with Azerbaijan and Brazil

Dubai welcomed 17.15 million international tourists in 2023, a surge of 19.4 percent
Hospitality & Tourism

Dubai welcomed 17.15 million international tourists in 2023, a surge of 19.4 percent

Further consolidating status as one of the top three global cities for business and leisure

Saudi Arabia to host historic COP16 in Riyadh
Saudi Arabia

Saudi Arabia to host historic COP16 in Riyadh

Strengthening international efforts to reduce land degradation and desertification

World’s largest cruise ship sets sail, raises environmental concerns
Sustainability

World’s largest cruise ship sets sail, raises environmental concerns

Royal Caribbean's Icon of the Seas raises concerns over methane emissions

UAE celebrates International Day of Clean Energy, highlights important initiatives and achievements
Sustainability

UAE celebrates International Day of Clean Energy, highlights important initiatives and achievements

The UAE reiterates global leadership position in this vital sector

90 percent of European banks exposed to financial, reputational risks from decarbonization: ECB
Sustainability

90 percent of European banks exposed to financial, reputational risks from decarbonization: ECB

Credit portfolios fall short of Paris Agreement ambitions

PwC: 73 percent of regional CEOs confident in GenAI’s game-changing influence on business landscape
Economy

PwC: 73 percent of regional CEOs confident in GenAI’s game-changing influence on business landscape

81 percent of GCC CEOs foresee improved economic growth

Sukuk issuance in Saudi Arabia: National debt management center raises SAR8.825 bn in January
Markets

Sukuk issuance in Saudi Arabia: National debt management center raises SAR8.825 bn in January

2024 global sukuk issuance could range between $160 bn and $170 bn

Regional perspectives on green finance and COP28’s impact on the economy
Banking & Finance

Regional perspectives on green finance and COP28’s impact on the economy

Leveraging finance as a tool for addressing climate challenges

Global renewable energy capacity surges by 50 percent in 2023
Sustainability

Global renewable energy capacity surges by 50 percent in 2023

China records largest growth, exceeding IEA's forecast