GCC BUSINESS WATCH

In an astonishing political comeback, former President Donald Trump has been projected to win the 2024 presidential race, defeating Vice President Kamala Harris in a highly contentious and dramatic contest. Trump secured at least 279 electoral votes after clinching crucial victories in swing states, including Pennsylvania, Georgia, and Wisconsin. Harris, on the other hand, earned a minimum of 219 electoral votes, falling short in a race marked by historic milestones, including multiple assassination attempts on Trump and his controversial legal troubles. Read more: https://lnkd.in/g8Rbvn5s #Trump2024 #ElectionVictory #MAGA #KamalaHarris #GOP #2024Election #TrumpComeback #USPolitics #BidenDropout #ImmigrationReform #EconomicPolicy

The rapid advancement of artificial intelligence (AI) is encouraging the world’s largest oil companies to significantly ramp up their investments in renewable energy, according to Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, as well as Managing Director and Group CEO of the Abu Dhabi National Oil Company (ADNOC Group). Read more: https://lnkd.in/gTPfvXXC #ArtificialIntelligence #RenewableEnergy #OilAndGas #EnergyTransition #CleanEnergy #BatteryStorage #SustainableEnergy #NetZero #UAE #EnergyMix #NuclearPower #TechAndEnergy

In Washington D.C., His Excellency Mr. Jasem Mohamed Albudaiwi, Secretary General of the Gulf Cooperation Council (GCC), highlighted the significance of a pioneering GCC economic event held in collaboration with the World Bank. Organized alongside the International Monetary Fund (IMF) and World Bank annual meetings, the event underscored the Council's commitment to expanding its influence and showcasing its regional and international economic contributions. #GCC #WorldBank #GlobalEconomy #GulfDevelopment #IMFMeetings #SustainableGrowth #EconomicCollaboration #WashingtonDC #GCCAchievements

Saudi Arabia is on the brink of an economic recovery as it emerges from the contraction experienced in 2023. The nation's real GDP is projected to grow by 2.5% in 2024, primarily fueled by strong activity in the non-oil private sector, which is anticipated to expand by an impressive 4.8%. This growth underscores the country's ongoing efforts to diversify its economy and reduce reliance on oil revenues, particularly in light of recent fluctuations in global oil markets. Read more: https://lnkd.in/ggsY4_aP #SaudiArabia #EconomicRecovery #GDPGrowth #NonOilSector #Vision2030 #Diversification #OilIndustry #EconomicOutlook #SustainableGrowth #GlobalEconomy #Innovation #JobCreation #Construction #Tourism #Manufacturing #EconomicVitality

The Islamic Development Bank (IsDB) actively participated in a series of high-level meetings between the Arab Coordination Group (ACG) principals and The World Bank Group (WBG) President Ajay Banga, held in Washington D.C. These discussions took place on the sidelines of the 2024 International Monetary Fund and WBG Annual Meetings and focused on enhancing joint financing initiatives across multiple sectors. #IsDB #WorldBank #ClimateAction #Infrastructure #RenewableEnergy #YouthEmpowerment #WomenEmpowerment #GlobalCooperation

Washington, D.C. – His Excellency Jasem Mohamed Albudaiwi, Secretary General of the Gulf Cooperation Council (GCC), has commended the significant contribution of GCC member states to the development and decision-making processes of the World Bank. His remarks came during his participation in a panel discussion titled "Reflections on the World Bank Group's Evolution Journey," held on the sidelines of the International Monetary Fund (IMF) and World Bank meetings on October 22, 2024, in Washington, D.C. #GCCLeadership #WorldBank #IMF #GlobalEconomy #SustainableDevelopment #RenewableEnergy #GulfNations #SaudiArabia #UAE #DevelopmentCommittee #EconomicGrowth #GlobalPartnerships

A recent YouGov poll commissioned by the Arab News Research & Studies Unit reveals that a significant number of Arab Americans plan to vote in the upcoming US presidential election, with 87% indicating their intent to participate. The survey, conducted between September 26 and October 1, highlights that the Israeli-Palestinian conflict is the top priority for Arab Americans, surpassing other critical issues such as the economy or cost of living. Read More: https://lnkd.in/g2r5TYHK #ArabAmericanCommunity #GazaCrisisImpact #MiddleEastInUSPolitics #MichiganBattleground #ArabAmericanInfluence #BidenAdministration #USForeignPolicy

Baku – Dr. Sultan bin Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and COP28 (COP28 UAE) President, called on nations to “unite, act, and deliver” at the upcoming COP29 in Baku, Azerbaijan, as a means of advancing global climate goals. Speaking at the opening session of Pre-COP, a ministerial meeting designed to set the stage for next month’s summit, Dr. Al Jaber emphasized that COP29 must build on the momentum of last year’s COP28 and the “historic” UAE Consensus. #COP29 #ClimateAction #UAEConsensus #ParisAgreement #ClimateFinance #Sustainability #RenewableEnergy #CarbonMarkets #NDCs #GlobalCooperation

Geneva – Dr. Hala bint Mazyed Al-Tuwaijri, President of the Saudi Human Rights Commission (HRC), emphasized Saudi Arabia's commitment to women's empowerment as a cornerstone for societal progress during the 89th session of the United Nations Committee on the Elimination of Discrimination Against Women. In her opening remarks, Dr. Al-Tuwaijri highlighted the Kingdom's sweeping reforms to strengthen women's rights under the National Transformation Program, a key pillar of the ambitious Vision 2030 strategy. #WomensRights #GenderEquality #Vision2030 #SaudiArabia #HumanRights #EmpoweringWomen #CEDAW #UNSession #LegalReforms #SaudiReforms

Dubai, UAE – Passengers traveling to, from, or transiting through Dubai on Emirates Airlines are now subject to a new regulation that strictly prohibits the transportation of pagers and walkie talkies in their checked or cabin baggage. This policy, which is effective immediately, applies to all flights passing through Dubai’s airports as part of heightened security measures aimed at safeguarding aviation operations. #DubaiAirports #EmiratesAirlines #AviationSecurity #TravelAdvisory #PagerBan #WalkieTalkieBan #DubaiTravel #AirportSecurity