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Logistics Business

Global air cargo demand rises 3.8% in October 2023

Middle Eastern carriers record the strongest regional performance International air cargo demand – measured in cargo tonne-kilometres (CTKs) – rose 3.8% in October 2023 compared to October 2022, indicating the third consecutive month of stronger year-on-year demand, according to the latest data released by the International Air Transport Association (IATA).
Sustainability GCC UAE

COP28 unveils gender-responsive just transition and climate action partnership

68 countries endorse the initiative at Dubai meeting Ministers and senior officials attending COP28 in Dubai have engaged in discussions facilitated by the United Nations Framework Convention on Climate Change (UNFCCC) to ensure a gender-responsive transition to bolster the implementation of the Paris Agreement. Led by UN Climate Change High-Level Champion for COP28, Razan
Business

OECD expects global GDP to grow by 2.9% in 2023, followed by a slight deceleration to 2.7% in 2024

Asia is projected to continue driving the bulk of global growth The latest Economic Outlook issued by the Paris-headquartered Organisation for Economic Co-operation and Development (OECD) expects the global business landscape to experience modest growth amid ongoing challenges, even as the impact of necessary monetary policy tightening, coupled with weak trade and reduced
Events GCC UAE

High-level NASA delegation confirmed for COP28 in Dubai

Bill Nelson to participate in Space Agency Leaders’ Summit A high-level NASA delegation is participating in the 28th United Nations Climate Change Conference of the Parties (COP28) held from November 30-December 12, 2023, at Expo City Dubai in the United Arab Emirates. NASA Administrator Bill Nelson is leading the delegation, making it the first time […]
Automotive GCC Transport UAE

ADNOC unveils ‘H2GO’ station to examine viability of hydrogen-powered vehicles in UAE

Pilot station creates green hydrogen from water Abu Dhabi National Oil Company (ADNOC) has launched ‘H2GO’, the Middle East region’s first high-speed green hydrogen pilot refuelling station, to gather data on the long-term viability of hydrogen vehicles in the UAE by evaluating zero-emission hydrogen-powered vehicles. The pilot station was opened ahead of the UAE hosting
Real Estate

UK is increasingly losing favour with HNWIs

London’s status as a global financial hub is on the decline The allure of the United Kingdom, particularly London, as a haven for migrating millionaires is waning, marking a stark departure from its historical status. Over the past decade, a reversal in this trend has seen the UK losing more high-net-worth individuals (HNWIs) than it […]