How sustainable finance is core to building economic resilience
Events such as the 2023 Annual Meetings of the World Bank and IMF are among opportunities for policymakers to come together and seek solutions
Masdar's wind farm on Sir Bani Yas Island in Abu Dhabi. The public and private sectors need to mobilise more financing to increase renewable energy capacity. Reuters
Almarai's revenue during the third quarter rose by 0.6 per cent to 4.79 billion riyals. Sammy Dallal / The NationalSaudi Arabia’s Almarai posts 5% jump in third-quarter profit
Markets
An Atlas 5 rocket with Amazon's Project Kuiper satellites lifts off from the Cape Canaveral Space Force Station in Florida. APAmazon launches first internet service satellites in challenge to Starlink
Technology
The UAE Ministry of Climate Change and Environment and Abu Dhabi Waste Management Company have teamed up to promote awareness on the objectives of the circular economy and sustainable resource management. Photo: MOCCAEUAE in drive to decarbonise waste management and circular economy
Economy
Pump jacks at an oilfield in Argentina. Japanese bank MUFG expects Brent to average $94 a barrel in the fourth quarter of this year and $87 a barrel in 2024. ReutersOil prices post biggest weekly loss since March amid demand concerns
Energy
Microsoft's AI chip is reportedly designed to run data centre servers that train and run large language models, which is the underlying technology of generative AI. ReutersMicrosoft reportedly plans to launch its own AI chip next month
Technology
Nearly 95 per cent of Emirates NBD's digital banking customers are now using services through the bank's mobile banking app, it said. ReutersEmirates NBD launches digital wealth platform for trading securities and ETFs
Banking
Mariam AlMheiri, Minister of Climate Change and Environment, said the UAE is committed to promoting the circular economy and identifying solutions that contribute to sustainable growth. Victor Besa / The NationalUAE private sector scales up efforts to support circular economy agenda
Economy
Piyush Goyal, India's Minister of Commerce and Industry, said the latest move would cut transaction costs between the UAE and India. Antonie Robertson / The NationalUAE payment card based on India’s RuPay 'to be launched mid-2024'
Economy
Money
Corporate tax
IN DEPTH
MORE BUSINESS IN BRIEF
GFH Partners acquires $150m portfolio of logistics assets in Saudi Arabia and UAE
GFH Partners, a DIFC-based subsidiary of Bahrain's investment bank GFH Financial Group, has acquired the portfolio, including income-yielding assets and development opportunities in Riyadh and Dubai.
Markets
5 hours ago
EU moves forward with stricter rules for biggest AI systems
Regulators are discussing an approach that would address concerns posed by powerful large language models while also ensuring start-ups are not overburdened by rules, sources said.
Technology
a day ago
Turkey pledges to build currency reserves as IMF sees slower economic growth in 2024
Turkish Treasury and Finance Minister Mehmet Simsek said the country would 'continue to accumulate international reserves as much as market conditions allow'.
Economy
a day ago
Alphabet chief executive Sundar Pichai set to testify in Google Play trial
The antitrust lawsuit with Epic Games over Google Play policies, scheduled for November 6, could threaten billions of dollars in revenue generated by the app marketplace.
Technology
a day ago
Read More
Energy
Aviation
CRYPTOCURRENCIES
Business Extra
Banking
Property
Economy
EDITOR'S PICKS
Pocketful of Dirhams
Technology
Travel and Tourism
Markets
Energy
Comment