Economic development
The global economy is undergoing significant transformations, driven by shifting trade policies, growing demand for renewable energy, and technological advancements. In recent days, the Chinese government announced plans to adjust tariffs on imported US products, while the European Union is working towards implementing a new emissions-trading system. Meanwhile, African countries
Economic development
Driven by rapid industrialization, urbanization, and infrastructure developments, the Southeast Asia industrial motors market is expected to reach USD 2.93 billion by 2029, growing at a CAGR of 5.88% from USD 2.08 billion in 2023. The market is highly competitive, with key players focusing on energy-efficient motors
Economic development
In recent years, the Hong Kong Government has been actively promoting economic growth by attracting enterprises and investments. Invest Hong Kong (InvestHK), a government agency responsible for promoting inward direct investment, has been assisting a large number of overseas and Mainland enterprises in setting up or expanding their businesses in
Economic development
Researchers have conducted a critical study on smart city development goals in Abu Dhabi, conceptualizing them into urban and extra-urban categories. The study reviews policy documents and concludes that ex-post urban development programs are more oriented towards urban dwellers, while ex-ante programs tend to be extra-urban, elitist, and global in
Economic development
The African Development Bank Group's Regional Development and Business Delivery Office for Southern Africa convened a Strategic Partners Breakfast Meeting, bringing together over 30 key service providers to strengthen collaboration and showcase business opportunities across the continent. The event aimed to boost the participation of South African companies
Economic development
Driven by the rapid growth of manufacturing, construction, and infrastructure development across Southeast Asia, the industrial motors market in the region is witnessing significant expansion. According to a report by ResearchAndMarkets.com, the Southeast Asia industrial motors market was valued at USD 2.08 billion in 2023 and is projected
Economic development
PDO has showcased its commitment to sustainable development by signing 14 agreements with a total value of approximately OMR4.4 million to finance various social investment projects across multiple sectors, including education, health, environment, water, and community infrastructure development. The signings took place during Oman Sustainability Week and the Oman
Economic development
Saudi Arabia is witnessing an extraordinary urban transformation, driven by Vision 2030, a strategic blueprint to diversify the country's economy and improve citizens' quality of life. The Ministry of Municipalities and Housing, under the leadership of Minister Majed Al-Hogail, is spearheading this transformation through over 11,000
Economic development
Addressing the 58th ADB Annual Meeting in Milan, ADB President Masato Kanda emphasized the urgent need for action amidst rising trade tensions, market volatility, and climate-driven shocks threatening recent development gains across Asia and the Pacific. The Bank's new capital-management reforms have lifted its lending headroom by up
Economic development
Despite economic uncertainty, Desjardins has posted solid financial results for the first quarter, with a surplus before membership payments of $738 million as of March 31, 2025, a decline from $117 million in the same period in 2024. The decline in surpluses is mainly due to the non-life insurance sector&
Economic development
In a bid to reduce Nigeria's carbon footprint, the Energy Commission of Nigeria (ECN) has expanded its energy efficiency drive campaign to Abuja, partnering with the United Nations Industrial Development Organisation (UNIDO). This initiative is part of the Global Environment Facility (GEF) project, which aims to promote cleaner
Economic development
The Industrial Development Ministerial Group, chaired by Deputy Prime Minister Kamel Al-Wazir, reviewed several requests for the establishment of free zones and the issuance of golden licences. The meeting aimed to ensure coordination and decision-making among relevant ministers and authorities, while also attracting foreign and Arab private investment. The group
