ADYBC and Hub71 Collaborate to Enhance Youth-Led Startups in Abu Dhabi

Abu dhabi: The Abu Dhabi Youth Business Council (ADYBC), affiliated with the Abu Dhabi Chamber of Commerce and Industry, has entered into a strategic cooperation agreement with Hub71, Abu Dhabi’s global tech ecosystem, during Abu Dhabi Finance Week (ADFW). This collaboration aims to enhance opportunities for young entrepreneurs and integrate them more deeply into the … Read more

$200 Billion Investment Needed to Boost Middle East Gas Sector, Say Industry Leaders

Dubai: The regional natural gas sector requires $200 billion of investment in the next four years to increase production by 30% to meet rapidly growing demand for power, industry executives attending the Middle East Gas Conference in Dubai said on Wednesday. According to Emirates News Agency, more than 150 executives from energy producers gathered to … Read more

UAE Cuts Benchmark Interest Rate to 3.65%

Abu dhabi: The Central Bank of the UAE (CBUAE) has decided to cut the Base Rate applicable to the Overnight Deposit Facility (ODF) by 25 basis points, from 3.90% to 3.65%, effective from Thursday, 11 December. This move aligns with changes in monetary policy following the recent actions of the US Federal Reserve. According to … Read more

Arab League Condemns Israeli Forces’ Storming of UNRWA Headquarters in Jerusalem

Jerusalem: Ahmed Aboul Gheit, Secretary-General of the League of Arab States, condemned the Israeli forces’ storming of the UNRWA headquarters in East Jerusalem, describing it as part of an ongoing campaign aimed at undermining the agency’s role. According to Emirates News Agency, Aboul Gheit stated that the occupation’s justifications are unlawful, adding that the objective … Read more

UN Urges Stronger Support for Emergency Response Fund, Warns of Falling Contributions

United nations: UN Secretary-General Ant³nio Guterres on Tuesday urged the international community to step up support for the UN Central Emergency Response Fund (CERF), describing it as a ‘global emergency lifeline’ that has proven its ability to deliver fast, flexible, and equitable assistance in the most challenging crises. According to Emirates News Agency, the high-level … Read more

UN Chief Condemns Houthis’ Referral of UN Staff to Special Criminal Court

New york: The UN Secretary-General Antonio Guterres has expressed his grave concern over the continued arbitrary detention of 59 UN personnel by the Houthis, along with dozens of non-governmental organisation (NGO), civil society and diplomatic mission personnel. According to Emirates News Agency, in a statement issued by his spokesman St©phane Dujarric, Guterres condemned the referral … Read more

Afghanistan’s Crisis Deepens as Human Rights Recede and Aid Funding Falls, UN Warns

Jerusalem: Afghanistan’s worsening humanitarian crisis is being driven by the accelerating erosion of fundamental rights-especially for women and girls-alongside mass displacement, economic decline, and shrinking aid, senior UN officials warned on Wednesday. According to Emirates News Agency, Georgette Gagnon, Deputy Special Representative of the Secretary-General for Afghanistan, and Tom Fletcher, the UN Emergency Relief Coordinator, … Read more