ESG investing in the MENA region

Insights: Maximising the potential of ESG investing in the MENA region

Investors in the region could be missing a big opportunity, as investment firms globally are facing increasing demand for ESG investment products that integrate thematic ESG strategies and comply with regulatory requirements

Turkey

Turkey, Syria earthquake: Death toll tops 15,000

Turkey’s President Recep Tayyip Erdogan has declared a state of emergency that will last for three months in 10 provinces affected by the quake

Qatar

Qatar Airways Cargo resumes passenger freighter service to Penang

The service will recommence from February 2, 2023

Middle East CEOs PwC global ceos survey GettyImages-645973195

Middle East CEOs confident about economic growth in 2023, finds PwC survey

According to the survey, 61 per cent of Middle East CEOs expect regional economic growth to improve in 2023 and are ‘very confident’ about prospects for business revenue growth over the next three years

Dubai Investments acquires 9% stake in UK-based digital bank

Dubai Investments acquires 9% stake in UK-based digital bank

Monument Bank is focused on the overlooked ‘mass affluent’ segment in the UK

Jacinda

Jacinda Ardern resigns as Prime Minister of New Zealand

Ardern was expected to seek a third term at this year’s general election

Zambia

Zambia signs $2bn solar power development pact with UAE

Construction will be done in phases, starting with the installation of 500 megawatts

Mashreq acquires digital banking license to commence operations in Pakistan

Mashreq acquires digital banking licence to commence operations in Pakistan

The lender aims to invest in the country’s rural infrastructure, including microfinance institutions

Apple

Key Apple partners plan expansion in Southeast Asia in 2023

In addition to producing iPhones in China, Foxconn and Pegatron now make some of Apple’s iconic handsets in India

Plane crash

Pokhara plane crash worsens Nepal’s aviation safety record

Sunday’s was the 11th fatal plane crash in Nepal in as many years, Aviation Safety Network data show

Emirates to resume passenger services to Shanghai, Beijing

Dubai’s Emirates to resume passenger services to Shanghai, Beijing

The carrier’s four weekly flights to Guangzhou will also increase to a daily service from February 1

These are the best passports for travellers to hold in 2023

The ranking, published by Henley & Partners, uses data from the International Air Transport Association

China’s soaring Covid cases push economic activity off a cliff

China’s soaring Covid cases push economic activity off a cliff

Several measures of mobility including traffic congestion in major cities, subway usage and the number of domestic flights have all slumped

Global emissions from buildings, construction climb to record levels

Global emissions from buildings, construction climb to record levels

Reducing the construction sector’s emissions has become vital to the larger goal of decarbonising the global economy

China

Elon Musk brings Tesla’s China chief to Texas to run gigafactory

Tom Zhu, who joined Tesla in 2014 is in Austin and has brought some of his engineering team from China to assist in overseeing the ramp up of Giga Texas

Prince Khaled’s KBW Ventures invests in US-based foodtech startup

The funding round will help Black Sheep Foods scale up production for its debut lamb made from plants

Billionaire Adani set to be top shareholder in Indian news broadcaster NDTV

Billionaire Adani set to be top shareholder in Indian news broadcaster NDTV

Investors offered to sell a little over 5.3 million shares to the Adani Group, or roughly a third of the entire open offer size, when the share purchase period ended on Monday

UAE, Japan to sign MoU on establishing joint business council

The formation of the council is aimed at developing joint projects and exchange expertise

New York, Singapore are the World’s most expensive cities right now

Tel Aviv, which topped the rankings last year, was bumped into third position, while Hong Kong and Los Angeles rounded out top five priciest places

Balenciaga seeks damages from company that made controversial ad

Balenciaga seeks damages from company that made controversial ad

Balenciaga is seeking at least $25m in damages from the production company behind an ad campaign that has made the luxury fashion house the target of fierce criticism

Trump announces 2024 Presidential run: Here's what happens next

Trump announces 2024 Presidential run: Here’s what happens next

He is seeking another term in office, hoping to become the first US president in 130 years to stage a comeback after being rejected by voters

codeshare agreement

Abu Dhabi’s Etihad, Garuda Indonesia expand codeshare agreement

The expansion of the agreement will strengthen both airlines’ networks beyond Abu Dhabi and Jakarta hubs

Dubai’s Emirates resumes flights to Rio de Janeiro, Buenos Aires

The four-times weekly flights from Dubai to Rio de Janeiro with onward service to Buenos Aires will operate as EK247/EK248

UAE and Austria sign energy partnership

UAE and Austria sign energy partnership

The partnership will focus on projects of mutual interest in refined products, liquefied natural gas, renewables and hydrogen

Oil slips as industry report points to jump in US stockpiles

Investors are concerned about slowing demand as central banks raise interest rates to curb inflation

Risk Sunak appointed UK’s Prime Minister; world leaders welcome new premier

Sunak takes the reins after Liz Truss resigned last week

UAE's Masdar acquires UK-based Arlington Energy to expand footprint

UAE’s Masdar acquires UK-based Arlington Energy to expand footprint

The acquisition will support Masdar’s offshore wind and renewables investment strategy

Rishi Sunak becomes new Prime Minister of United Kingdom

Rishi Sunak becomes UK’s first British Asian Prime Minister

He replaces Liz Truss, who resigned last week after serving just 45 days in office

Liz Truss resigns as UK Prime Minister after 45 days in office

Truss was appointed as the country’s premier and leader of the Conservative Party on September 5

Tesla sales fall short of estimates as stronger dollar bites

Tesla cited higher costs related to a slower-than-expected ramp up in output at the new factories, as well as difficulties shipping vehicles