India-Russia Trade Booms
India-Russia Trade Surges to New Heights in 2024: A Strategic Economic Boom
Trinasolar Expands Renewable Energy Footprint in MENA with Strategic 110MW Vertex N Module Partnerships
Trinasolar announces three transformative distributor partnerships, marking a significant expansion in its reach across the Middle East and Africa (MENA). Partnering with Noon for Renewable Energy in Lebanon, Al Takamul Engineering in Palestine, and Golden Sun Solar Solutions in Sudan, Trinasolar is poised to deliver a total of 110MW modules, including the cutting-edge Vertex N…
Advancing Climate: Practical Insights on GHG Measurement & Reporting: CIBAFI Wraps Up Successful Annual Meetings and Events in Türkiye
The General Council for Islamic Banks and Financial Institutions (CIBAFI conducted a two-day technical workshop on ‘Advancing Climate Action in Islamic Finance: Practical Insights on GHG Measurement & Reporting.’ This initiative aligns with the declaration made by the Islamic Finance Infrastructure Organisations at COP28. It highlights CIBAFI’s dedication to promoting sustainability and addressing global climate…
DET Launches Inaugural Dubai Sustainability Report
The Dubai Department of Economy and Tourism (DET) has launched its first ‘Dubai Sustainability Report’ at the Arabian Travel Market, spotlighting the city’s strides and ongoing efforts in sustainability. The report supports the Dubai Economic Agenda (D33), aiming to place Dubai among the top three global cities for business, leisure, and living.
Davis & Shirtliff Partners with Trina Solar to Boost Solar Power Adoption in East Africa
Davis & Shirtliff, a leading provider of water and energy solutions in East Africa, has teamed up with Trina Solar, a Tier-I global leader in PV modules and smart energy solutions, to drive solar power adoption in the region. The partnership aims to promote sustainability, energy security, and economic growth through the distribution of innovative solar panels and educational campaigns. With increasing demand and government initiatives, solar energy is transforming East Africa’s energy landscape, offering benefits such as reduced carbon emissions and improved energy access.
RAKBANK SME Confidence Index
RAKBank, in collaboration with RFI Global, has unveiled the inaugural SME Confidence Index report. This comprehensive study sheds light on the current state of SMEs in the UAE, revealing a remarkable rebound in confidence and a promising outlook for the future.
Growth in Service Sector Boosts Trade within the Eurasian Economic Union
The Eurasian Economic Union (EAEU) witnessed a significant increase in the turnover of services among its member states in 2023 compared to the previous year. Armenia saw a notable 33.6% rise in the positive balance of trade in services, while Belarus experienced a decrease of 32.7%. Transport services and travel dominated the structure of exports and imports of services across most member states, highlighting the importance of these sectors.
Climate Change Puts Over 70% of Global Workforce at Health Risk, ILO Study Shows
A recent report by the International Labour Organization (ILO) reveals that more than 70% of the world’s workforce faces significant health threats due to climate change, with existing workplace safety measures struggling to keep pace. Titled Ensuring Safety and Health at Work in a Changing Climate, the report underscores the profound impact of climate change…
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Forced Labour Profits Surge
Profits and Poverty: The Economics of Forced Labour Forced labor, a blight on humanity’s conscience and a grave violation of fundamental rights, continues to plague our world, with a recent ILO report revealing a disturbing surge in profits garnered from this nefarious practice. The latest report from the International Labour Organization (ILO) exposes the stark…
WorldFirst unveils global sourcing payment solution WorldTrade to facilitate secure, fast B2B trade for SME buyers
During the ongoing Canton Fair, WorldFirst, a one-stop digital payment and financial services platform for global businesses, has has launched WorldTrade, a new payment solution for global sourcing to bolster the security and speed of cross-border payment for international Small and Medium-sized Enterprises(SMEs) that procure goods from suppliers based in China, while ensuring the prompt delivery of products for the SME buyers.