Saudi consumer spending stays above $3bn as food and beverages sector leads
Saudi consumer spending stays above $3bn as food and beverages sector leads
Business
Region need new trade routes, with or without Hormuz, UNDP’s Abdallah Al-Dardari tells Arab News
Abdallah Al-Dardari, UNDP's director for the Arab region, emphasizes the need for new trade routes in light of the ongoing US-Israeli conflict with Iran that has severely impacted the Strait of Hormuz, a vital shipping lane. He proposes a Regional Convergence Initiative aimed at developing multiple trade and energy routes to reduce dependence on Hormuz, fostering economic growth and diversification despite the current crisis. This initiative seeks to address long-standing regional vulnerabilities and is set to move into its next phase, with discussions on project developments and funding.
Business
Norway wealth fund urged to ease nuclear arms ban after Gaza investment row
The review called for Norway's sovereign wealth fund to lift ethical risk limitations on its investments.
Business
How the UAE kept trade flowing and struck new deals during the Iran conflict | The National
One of UAE's top trade negotiators describes how the Emirates keeps punching above its weight in an increasingly challenging trade environment