Tag: Economy

Global Financial Community Optimistic to Overcome Market Challenges and Build Stronger, Tech-Driven, Sustainable Future Economy

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Global Financial Community Optimistic to Overcome Market Challenges and Build Stronger, Tech-Driven, Sustainable Future Economy

RIYADH, Saudi Arabia — The second edition of the Financial Sector Conference (FSC 2023) has concluded in Riyadh, with a mood of optimism and energy to overcome market challenges to build a stronger, technology driven and sustainable economy of the future. Over 3200 participants from 82 countries, and 180 media, assembled in the Saudi capital to discuss the way ahead for the global financial community under the conference theme of “Promising Financial Prospects.” Representatives from some of the biggest global financial institutions joined Government Finance Ministers met to identify the…

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Saudi reaffirms commitment to bridging global divides, driving energy transition, inclusive economic growth at WEF23

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Saudi reaffirms commitment to bridging global divides, driving energy transition, inclusive economic growth at WEF23

Riyadh, Saudi Arabia — Saudi Arabia reiterated its commitment to build bridges across geopolitical and economic divides at the World Economic Forum (WEF) 2023 Annual Meeting in Davos, Switzerland last week. His Highness Prince Faisal bin Farhan Al Saud, Minister of Foreign Affairs, led the Saudi delegation of nine ministers and high-level officials, and told the world that geopolitical stability is key to energy security, and the Kingdom has “become the meeting place between East and West”. During the week, Saudi Arabia hosted a dialogue titled ‘Toward a Resilient Urban…

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UTI celebrates 60th anniversary in Dubai, says surging India economy offers MENA investors a long growth runway

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UTI celebrates 60th anniversary in Dubai, says surging India economy offers MENA investors a long growth runway

Dubai, United Arab of Emiratis — One of India’s largest and oldest Asset Management companies, UTI Asset Management Co. LTD (UTI-AMC), today said investors from the Middle East and North Africa (MENA) region have a huge opportunity in the surging growth of India with the country’s economy on its way to being a US$5 trillion economy. Celebrating its 60th anniversary in Dubai, the UTI Group, said that regional investors could leverage its time-tested strategy of USD 3X growth, which has been a continuing success for the last 10 years to…

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Saudi’s Ministry of Economy and Planning joins forces with UpLink to address food insecurity in arid climates

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Saudi’s Ministry of Economy and Planning joins forces with UpLink to address food insecurity in arid climates

Davos, Switzerland — Saudi Arabia’s Ministry of Economy and Planning (MEP) in collaboration with UpLink today launched an innovation challenge designed to crowdsource transformative solutions to enhance food security in countries impacted by low rainfall, drought, and desertification. MEP and UpLink, the World Economic Forum’s (WEF) open innovation platform, made the announcement at the Forums’ 2023 Annual Meeting in Davos as part of Saudi Arabia’s efforts to develop innovative solutions to the world’s most critical challenges, through collaboration and cooperation. The Food Ecosystems and Arid Climates Challenge is a global…

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The Republic of Uganda represented by the Ministry of Water and Environment and Green Economy sign MoU to conduct feasibility study

DGN
جمهورية أوغندا ممثلة بوزارة المياه والبيئة وشركة “غرين إيكونومي” الإماراتية يوقعّان مذكرة تفاهم

To create a roadmap to sustainable economic development, starting from mapping and securitizing the country’s nature-based assets: on Reduction of Carbon Emissions The UAE being chosen as a host for COP28 is a vote of confidence for the country’s green economy initiatives and emission reduction policies says Ministry of Water and Environment in Uganda Abu Dhabi, UAE, 19 January 2023: The Republic of Uganda represented by the Ministry of Water and Environment, and Green Economy Partnership (GEP), a UAE based company pioneering in developing and restoring the forestry for carbon…

World Bank: India Better Positioned to Navigate Global Headwinds Than Other Major Emerging Economies

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World Bank: India Better Positioned to Navigate Global Headwinds Than Other Major Emerging Economies

Dubai, United Arab Emirates — India’s economy has demonstrated resilience despite a challenging external environment, said the World Bank in its India Development Update in December. The World Bank has revised its 2022-23 GDP forecast upward to 6.9% from 6.5% (in October 2022), considering a strong outturn in India in the second quarter (July-September) of the 2022-2023 financial year. “India’s economy has been remarkably resilient to the deteriorating external environment, and strong macroeconomic fundamentals have placed it in good stead compared to other emerging market economies,” said Auguste Tano Kouame,…

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Investopia Hosts Global Football Investors and Leagues Leaders, to discuss the Sports New Economy

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Investopia Hosts Global Football Investors and Leagues Leaders, to discuss the Sports New Economy

Dubai, United Arab Emirates — Global business leaders in sports, football leagues’ senior officials and policy makers discussed the future of investments in sports, during an event hosted by Investopia, the global investment platform, in partnership with World Corporate Summit (WCS), in Dubai on 8th December, 2022 within the context of FIFA World Cup 2022, In the presence of H.E. Abdulla Bin Touq Al Marri, UAE Minister of Economy and Chairman of Investopia, and Bernard Caiazzo, President, Global Football Alliance and President, World Corporate Summit. The event’s 10 sessions covered major…

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 UAE-based fintech Qashio raises $10 million to accelerate spend management solutions for a cashless economy in KSA

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 UAE-based fintech Qashio raises million to accelerate spend management solutions for a cashless economy in KSA

Dubai, UAE, November 22 2022: UAE-headquartered fintech Qashio has raised $10 million in a seed round, with participation from strategic international and regional investors to accelerate expansion into the Kingdom of Saudi Arabia. The seed funding round is supported by global investors such as One Way Ventures (early investors in Brex), MITAA, Cadorna Ventures, as well as regional investors such as Sanabil 500 MENA, Nuwa Capital, Iliad Partners, Phoenix Investments, and strategic family offices and angels. The round consists of both equity and non-equity financing. Founded in 2021 by seasoned…

Bangladesh to allow universities to set up campuses abroad – to boost remittance flow – and help economy grow faster

DGN
تسمح بنغلاديش للجامعات بإنشاء فروع في الخارج – لتعزيز تدفق التحويلات – ومساعدة الاقتصاد على النمو بشكل أسرع

Bangladesh Education Forum, the international conference held in Dubai from November 4-6, 2022, is set to establish a strong education corridor between Bangladesh and the GCC – where more than 4 million Bangladeshis live, work and remit more than US$11.11 billion every year Date: Dubai, UAE and Dhaka, Bangladesh; November 7, 2022 News Highlights: 1.     More than 30 million students including 4.6 million students in higher educational institutions make up Bangladesh’s education sector – making it one of the largest education services industries in the world; 2.     By 2025, Bangladeshi…

QNET Focuses on Leveraging Technology to Build Strong, Sustainable, Post-Pandemic Economies

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Dubai, United Arab Emirates — QNET, the prominent e-commerce based direct selling company, stated that they want to reimagine, reinvent, and redefine the role and contribution of the direct selling industry for the next decade. Further, it stated that the direct selling industry stands in a unique position to help communities recover from the damage of the pandemic and build a stronger, more inclusive, and more sustainable post-pandemic economy going forward. A Digital Transformation Since its founding, QNET has established a solid reputation as a digital pioneer. The company was…

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