EU Reaches Agreement to Simplify Sustainability Reporting and Due Diligence Requirements

Brussels: European Union members and parliament on Tuesday reached a provisional agreement to simplify sustainability reporting and due diligence requirements to boost EU competitiveness. The agreement simplifies directives on corporate sustainability reporting (CSRD) and corporate sustainability due diligence (CS3D) by reducing the reporting burden and limiting the trickle-down effect of obligations on smaller companies. According … Read more

Korea to Frontload 75% of H1 2026 Budget for Economic Recovery

Seoul: The Korean Finance Ministry announced its decision to frontload 75 percent of the budget for the first half of 2026 to stimulate innovation and support economic recovery. This strategic move aims to address pressing economic challenges and promote growth. According to Emirates News Agency,the Cabinet has approved a plan to allocate 468.3 trillion won … Read more

2025 to Rank as Second or Third Warmest Year, EU Experts Predict

Brussels: This year is anticipated to be the world’s second or third warmest on record, with only the heat of 2024 potentially surpassing it, as reported by the European Union’s Copernicus Climate Change Service (C3S) on Tuesday. According to Emirates News Agency, C3S highlighted that 2025 is expected to conclude a sequence of three years … Read more

UN Appoints Claudio Cordone as Deputy Special Envoy for Syria

New york: United Nations Secretary-General Ant³nio Guterres has announced the appointment of Claudio Cordone of Italy as his new Deputy Special Envoy for Syria. According to Emirates News Agency, Claudio Cordone, who will start as Deputy Special Envoy on 1st January 2026, succeeds Najat Rochdi of Morocco, to whom the Secretary-General is grateful for her … Read more

Lumo, Mercedes-Benz, and Momenta to Launch Premium Autonomous Robotaxi Fleet in Abu Dhabi

Abu dhabi: A UAE National Taxi company specialising in autonomous mobility, Lumo, announced the launch of a premium autonomous robotaxi fleet for Abu Dhabi in partnership with Mercedes-Benz and Momenta, a world pioneer in autonomous driving AI. Powered by Momenta’s L4 autonomous driving system and built on the all-new Mercedes-Benz S-Class, this collaboration introduces the … Read more

UAE Strengthens Leadership as Key Driver of Global Maritime System

Abu dhabi: The UAE continues to strengthen its international presence within the global maritime system through a consistent track record of initiatives, positions, and draft resolutions it has proposed and championed within the International Maritime Organisation (IMO) over the past years. According to Emirates News Agency, these efforts have resulted in the adoption of several … Read more

IROS and BioSapien to Launch Oncology Clinical Trials in UAE by 2026

Abu dhabi: IROS, an Abu Dhabi-based contract research organisation and part of the M42 Group, and BioSapien, a pioneering biotech company, have partnered to conduct a landmark oncology clinical trial in Abu Dhabi. The six-month interventional trial is set to begin in Q1 2026, with IROS serving as the primary service provider. The partnership will … Read more

Federal Decree-Law Amends UAE Chambers of Commerce and Industry Legislation

Abu dhabi: The UAE Government has issued a Federal Decree-Law that amends certain provisions of Federal Law No. (22) of 2000 concerning the UAE Union of Chambers of Commerce and Industry. According to Emirates News Agency, the legislative change aims to modernize the legal framework governing the Federation, enhance its role in supporting the commercial … Read more