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Calls for calm after reported Israeli strike on Iran
An unidentified Israeli official told The Washington Post the "strike" was retaliation for Iran's drone and missile barrage and was intended to signal that Israel was able to hit inside Iran. Iran's Tasnim news agency, citing "informed sources", denied that Iran had been attacked from outside.Israeli officials made no public comment on the attack and Iranian officials played down its significance
Iranian Foreign Minister Hossein Amir-Abdollahian said Israeli micro-drones used in the operation had caused no deaths or damage
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Here is why sovereign sukuk is a game changer?
It presents a more cost-effective alternative to conventional sovereign bonds, particularly for governments with lower credit ratings, a report has said.Business
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In times of recession, understanding motivations, meticulous planning, recognizing broader benefits, and prioritizing employee well-being are vital, says Nathan Farrugia, Managing Director of Vistage International.
"Leadership teams must recognize that the livelihoods of their employees' families hinge on the stability of the business. Understanding that the survival of the business goes beyond mere profitability can serve as a powerful motivator" he adds.
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G7 nations oppose ‘full-scale military operation in Rafah’
Ministers from Italy, the UK, US, France, Germany, Japan and Canada also slammed the "unacceptable number of civilians" killed in Gaza during Israel's military offensive.
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Meet Middle East tourism’s power players
Tourism industry accounts for 9 percent of GCC region's GDP and it is expected to grow annually at 7.7 percent. Trends looks at some of the influential industry players driving this growth.Business
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Oil prices surge, Asian markets fall following Iran explosions
Oil prices surged more than three percent in early Asian trade, and Asian stock markets slumped by over 3 percent on Friday following reports of explosions in Iran, Syria, and Iraq, sparking fears of an escalation of the Middle East crisis. West Texas Intermediate jumped 4 percent to $86 and Brent rose 3.9 percent to...West Texas Intermediate jumped 4 percent to $86 and Brent rose 3.9 percent to $90.5
Asian stocks tumbled Friday, with Japan’s Nikkei slumping as much as 3.5 percent
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Space economy set to triple to $1.8trn by 2035, reveals new research
The growth of the space industry will largely be built upon the increased reach of space-based and/or -enabled technologies, such as communications, positioning, navigation and timing, and Earth observation.
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UAE cements position as a top global investment hub in 2024
UAE ascends to 8th on Kearney's 2024 Foreign Direct Investment Confidence Index, affirming its appeal as a prime investment haven, spurred by diversification initiatives and superior infrastructure.Economy
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Israel strikes Syria again following overnight ‘retaliatory’ attack on Iran
Israeli strikes on Friday targeted a Syrian army position in the country's south, a war monitor said, as US media reported Israel had carried out hits on its arch-rival Iran. Rami Abdel Rahman, head of the British-based Syrian Observatory for Human Rights, said the strikes, which he attributed to Israel, "targeted a radar installation of...
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Special economic zones are a new craze in Middle East
Vast swathes of land across the desert region are seeing the sprouting of new special zones to entice big business to set up shop. But can the model work to power the GCC economy?Business
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Low-pressure system eases over UAE: Dubai Airport delays remain
The Ministry of Interior has announced the end of the low-pressure weather system that wreaked havoc for many Dubai International Airport inbound and outbound travelers. Â Â The UAE recorded its heaviest rainfall in the 75 years when up to 259.5mm (10.2 inches) of rain fell on Tuesday. On Wednesday, about 300 flights were canceled and...The UAE recorded its heaviest rainfall in the 75 years
Dubai International Airport, a major travel hub, is barely functional
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GCC tourism growth skyrockets as diversification drive gains momentum post-Covid
GCC countries collaborate on comprehensive tourism strategy, leading global recovery post-pandemic with remarkable growth rates and ambitious plans for sustainable development.Economy
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March sees GCC Index drop as heavyweight sectors lag
GCC equity markets experienced a March downturn, influenced by seasonal selling pressure during Ramadan, leading to a 3.0% drop in the MSCI GCC index with Qatar suffering the steepest decline at 6.0%.Economy
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Top U.S. stock indices drop for third consecutive day on Wednesday
The S&P 500 dropped for a fourth consecutive session on Wednesday, as Nvidia and other struggling technology names put downward pressure on the market, CNBC reported. The broad index lost 0.58% to 5,022.21, while the technology-heavy Nasdaq Composite slid 1.15% to 15,683.37. The Dow Jones Industrial Average fell by 45.66 points, or 0.12%, to 37,753.31,...
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‘Saudi Arabia leads its regional peers in construction growth’
The burgeoning construction sector in Saudi Arabia is fostering the expansion of its talent pool and consolidating its regional leadership, says Barry Lewis, CEO at ALEC, in an interview with TRENDS.Economy
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Lebanon’s Hizbollah targets Israel base, wounding 14 soldiers
Hours after the strike on Arab al-Aramshe, an Arab-majority village in northern Israel near the border, Israeli forces hit targets in eastern Lebanon, a Hizbollah source told AFP. According to the source, the strikes targeted a warehouse in Iaat, a residential area near Baalbek, and "lightly" wounded one man.Israel and Hizbollah, an Iran-backed Hamas ally, have been exchanging near-daily cross-border fire since the Palestinian group attacked southern Israel on October 7
But Hizbollah strikes in the past few days have included a growing use of explosive drones and wounded people in Israel, which has struck deeper into Lebanon in recent weeks
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Romania center explores world’s most powerful laser
The high-tech building housing the center cost $350 million, mainly financed by the EU. Thales bills it as the largest investment ever made in scientific research in Romania.Science
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Heavy storms soak Gulf as Oman toll rises to 18
Flooding hit many areas of Dubai and Abu Dhabi, the UAE capital, and cut off major roads, snarling traffic and leaving cars stranded.
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Here is why sovereign sukuk is a game changer?
It presents a more cost-effective alternative to conventional sovereign bonds, particularly for governments with lower credit ratings, a report has...Business
Company news
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"Leadership teams must recognize that the livelihoods of their employees' families hinge on the stability of the business. Understanding that the survival of the business goes beyond...By Nathan Farrugia
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Calls for calm after reported Israeli strike on Iran
An unidentified Israeli official told The Washington Post the "strike" was retaliation for Iran's drone and missile barrage and was... -
G7 nations oppose ‘full-scale military operation in Rafah’
Ministers from Italy, the UK, US, France, Germany, Japan and Canada also slammed the "unacceptable number of civilians" killed in... -
Oil prices surge, Asian markets fall following Iran explosions
Oil prices surged more than three percent in early Asian trade, and Asian stock markets slumped by over 3 percent... -
Israel strikes Syria again following overnight ‘retaliatory’ attack on Iran
Israeli strikes on Friday targeted a Syrian army position in the country's south, a war monitor said, as US media...
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Meet Middle East tourism’s power players
Tourism industry accounts for 9 percent of GCC region's GDP and it is expected to grow annually at 7.7 percent....Business
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Space economy set to triple to $1.8trn by 2035, reveals new research
The growth of the space industry will largely be built upon the increased reach of space-based and/or -enabled technologies, such...
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GCC tourism growth skyrockets as diversification drive gains momentum post-Covid
GCC countries collaborate on comprehensive tourism strategy, leading global recovery post-pandemic with remarkable growth rates and ambitious plans for sustainable...Economy
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Low-pressure system eases over UAE: Dubai Airport delays remain
The Ministry of Interior has announced the end of the low-pressure weather system that wreaked havoc for many Dubai International... -
Top U.S. stock indices drop for third consecutive day on Wednesday
The S&P 500 dropped for a fourth consecutive session on Wednesday, as Nvidia and other struggling technology names put downward... -
Lebanon’s Hizbollah targets Israel base, wounding 14 soldiers
Hours after the strike on Arab al-Aramshe, an Arab-majority village in northern Israel near the border, Israeli forces hit targets... -
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Italy PM Meloni visits Tunisia for migration talks
Meloni's latest visit to Tunisia came as part of her so-called Mattei Plan, a program aiming to posit Italy as...
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UAE cements position as a top global investment hub in 2024
UAE ascends to 8th on Kearney's 2024 Foreign Direct Investment Confidence Index, affirming its appeal as a prime investment haven,...Economy
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Iran terms US sanctions relief ‘good but not enough’
US steps on lifting sanctions are "good but not enough", Iran said Saturday, following Washington's announcement it was waiving sanctions...Geostrategy
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Special economic zones are a new craze in Middle East
Vast swathes of land across the desert region are seeing the sprouting of new special zones to entice big business...Business
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March sees GCC Index drop as heavyweight sectors lag
GCC equity markets experienced a March downturn, influenced by seasonal selling pressure during Ramadan, leading to a 3.0% drop in...Economy
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‘Saudi Arabia leads its regional peers in construction growth’
The burgeoning construction sector in Saudi Arabia is fostering the expansion of its talent pool and consolidating its regional leadership,...Economy
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Heavy storms soak Gulf as Oman toll rises to 18
Flooding hit many areas of Dubai and Abu Dhabi, the UAE capital, and cut off major roads, snarling traffic and...
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Here is why sovereign sukuk is a game changer?
It presents a more cost-effective alternative to conventional sovereign bonds, particularly for governments with lower credit ratings, a report has...Business
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"Leadership teams must recognize that the livelihoods of their employees' families hinge on the stability of the business. Understanding that the survival of the business goes beyond...
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Calls for calm after reported Israeli strike on Iran
An unidentified Israeli official told The Washington Post the "strike" was retaliation for Iran's drone and missile barrage and was... -
G7 nations oppose ‘full-scale military operation in Rafah’
Ministers from Italy, the UK, US, France, Germany, Japan and Canada also slammed the "unacceptable number of civilians" killed in... -
Oil prices surge, Asian markets fall following Iran explosions
Oil prices surged more than three percent in early Asian trade, and Asian stock markets slumped by over 3 percent... -
Israel strikes Syria again following overnight ‘retaliatory’ attack on Iran
Israeli strikes on Friday targeted a Syrian army position in the country's south, a war monitor said, as US media...
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Meet Middle East tourism’s power players
Tourism industry accounts for 9 percent of GCC region's GDP and it is expected to grow annually at 7.7 percent....Business
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Space economy set to triple to $1.8trn by 2035, reveals new research
The growth of the space industry will largely be built upon the increased reach of space-based and/or -enabled technologies, such...
EDITOR'S PICK
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GCC tourism growth skyrockets as diversification drive gains momentum post-Covid
GCC countries collaborate on comprehensive tourism strategy, leading global recovery post-pandemic with remarkable growth rates and ambitious plans for sustainable...Economy
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Low-pressure system eases over UAE: Dubai Airport delays remain
The Ministry of Interior has announced the end of the low-pressure weather system that wreaked havoc for many Dubai International... -
Top U.S. stock indices drop for third consecutive day on Wednesday
The S&P 500 dropped for a fourth consecutive session on Wednesday, as Nvidia and other struggling technology names put downward... -
Lebanon’s Hizbollah targets Israel base, wounding 14 soldiers
Hours after the strike on Arab al-Aramshe, an Arab-majority village in northern Israel near the border, Israeli forces hit targets... -
Climate impacts set to cut 2050 global GDP by nearly a fifth
But slashing greenhouse gas emissions as quickly as possible remains crucial to avoid even more devastating economic impacts after mid-century,... -
Italy PM Meloni visits Tunisia for migration talks
Meloni's latest visit to Tunisia came as part of her so-called Mattei Plan, a program aiming to posit Italy as...
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UAE cements position as a top global investment hub in 2024
UAE ascends to 8th on Kearney's 2024 Foreign Direct Investment Confidence Index, affirming its appeal as a prime investment haven,...Economy
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Dubai cyclists hit the desert as sport gains traction
Abu Dhabi's Formula One circuit is handed over to cyclists several times a week, with other tracks available across the...Arts & Culture
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Special economic zones are a new craze in Middle East
Vast swathes of land across the desert region are seeing the sprouting of new special zones to entice big business...Business
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March sees GCC Index drop as heavyweight sectors lag
GCC equity markets experienced a March downturn, influenced by seasonal selling pressure during Ramadan, leading to a 3.0% drop in...Economy
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‘Saudi Arabia leads its regional peers in construction growth’
The burgeoning construction sector in Saudi Arabia is fostering the expansion of its talent pool and consolidating its regional leadership,...Economy
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Heavy storms soak Gulf as Oman toll rises to 18
Flooding hit many areas of Dubai and Abu Dhabi, the UAE capital, and cut off major roads, snarling traffic and...