UAE real estate gains momentum on strong 2025 base as Mar sales surge
Dubai, UAE -- The UAE’s real estate sector extended its upward trajectory in March, with robust project launches, steady construction...
Business
UAE Central Bank to hold rate after Fed pause amid regional tensions
Fed Chair Jerome Powell signalled a cautious approach, noting that elevated energy prices and geopolitical tensions could complicate the inflation...
Economy
Infographics
Water stress levels vary in Arab countries
Some countries face more intense competition for water resources, leading to potentially severe environmental impacts. The contrast underscores the diverse...
- The region needs to develop and implement sustainable water management strategies to mitigate the growing water scarcity and its potential impacts.
- The high stress levels in GCC, in particular, highlight an urgent need for these nations to develop and implement sustainable water management strategies.
Business
China announces 25 measures to aid private businesses
Beijing, China - China's central bank and several government agencies unveiled 25 new measures Monday to support private economy.These initiatives...
- These initiatives aim to diversify financial avenues for private businesses, marking a continued effort to bolster the private sector
- These initiatives aim to diversify financial avenues for private businesses, marking a continued effort to bolster the sector crucial for the country's economic progress.
Geostrategy
It’s official: Saudi Arabia will host World Expo 2030
The Kingdom's selection as the host for World Expo 2030 marks a pivotal moment in its journey towards innovation, openness,...
- The Kingdom's selection as the host for World Expo 2030 marks a pivotal moment in its journey towards innovation, openness, and global connectivity.
- This monumental global event in Riyadh will showcase Saudi Arabia's transformation and commitment to a forward-looking and sustainable future.
Business
Key contender Riyadh eyes Expo 2030 win tomorrow
Saudi Arabia -- competing against Busan, Korea, and Rome, Italy -- bids for Expo 2030 with a focus on innovation,...
- Saudi Arabia -- competing against Busan, Korea, and Rome, Italy -- bids for Expo 2030 with a focus on innovation, sustainability, and global unity.
- A successful bid could transform Saudi Arabia's tourism and business landscape, marking a significant milestone in its journey towards global prominence.
Geostrategy
Gaza truce: Hamas, Israel free second group of civilians
The move, part of a broader truce agreement mediated by Qatar and Egypt, saw emotional reunions as families welcomed their...
- The move, part of a broader truce agreement mediated by Qatar and Egypt, saw emotional reunions as families welcomed their loved ones back.
- The situation remains tense, with discussions about extending the truce and the potential resumption of conflict by Israeli forces.
Business
Does Anghami and OSN+ collab make financial sense?
A first of its kind in the region, the combination will offer consumers digital services of the best and latest...
- The OSN Group will invest in Anghami at a valuation of $3.65 per share, 3.9x the stock's average price for the past month.
- The combined entity will bring together over 120 million registered users and will be one of MENA’a largest streaming platforms.
Infographics
Is Israel’s ongoing assault on Gaza a genocide or not?
Some world leaders like Ramaphosa and Erdogan use the term genocide to describe Israeli actions in Gaza. Israel has also...
- South African President Cyril Ramaphosa, who currently chairs the BRICS group, strongly calls for an immediate ceasefire, describing the situation in Gaza as 'a genocide.'
- Pronouncements of several Israeli politicians, who openly called for extermination of Palestinians, have added to the fears of a genocide in Gaza.
Geostrategy
85 animals set free at Prince Mohammed bin Salman Royal Reserve
RIYADH, SAUDI ARABIA - The National Center for Wildlife, in cooperation with the Prince Mohammed bin Salman Royal Reserve released...
- The release is part of the National Center for Wildlife’s program with increasing and relocating endangered wild animals.
- The animals released this morning are 20 Arabian oryx, 40 rim antelopes, six mountain gazelles, six alpine ibexes.
GCC leads in climate action despite fossil fuel reliance
The UAE, Saudi Arabia, and Qatar outperform 17 other countries in key areas of green investment, sustainable infrastructure, and energy...
- The UAE, Saudi Arabia, and Qatar outperform 17 other countries in key areas of green investment, sustainable infrastructure, and energy transition, says a report.
- Leading the green transformation is the UAE, which has been proactively funding a variety of clean energy projects, including solar, wind, and nuclear energy.
Geostrategy
Arab, Islamic leaders seek end to Israeli aggression
The Joint Arab Islamic Extraordinary Summit, held in Riyadh calls for an immediate ceasefire and the establishment of a just...
- The Joint Arab Islamic Extraordinary Summit, held in Riyadh calls for an immediate ceasefire and the establishment of a just and lasting peace based on a two-state solution.
- Leaders from the Arab and Islamic world jointly call for the protection of Palestinian civilians, emphasizing the centrality of the Palestinian cause in regional stability.
UAE real estate gains momentum on strong 2025 base as Mar sales surge
Dubai, UAE -- The UAE’s real estate sector extended its upward trajectory in March, with robust project launches, steady construction...
Business
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TAQA Q1 net income $571m
Business
China launches late stimulus push to meet 2024 growth target
China's central bank on Friday lowered interest rates and injected liquidity into the banking system as Beijing assembled a last-ditch...
Economy
What a Fed rate cut could mean for the world
The U.S. Federal Reserve is on Wednesday heading for its first interest rate cut since the onset of the COVID-19...
Economy
Stocks firm, dollar subdued as market flirts with outsized Fed cut
Asian stocks dithered and the dollar slipped on Monday in a week that is almost certain to see the start...
Economy
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Economy
ECB set to cut interest rates before the Fed’s big decision next week
The European Central Bank on Thursday is set to slash rates again by 25 basis points just days ahead of...
- In July, the ECB left interest rates unchanged in a unanimous vote following June’s landmark cut
- Headline inflation in the EURO hit a three-year low in August with a reading of 2.2%
Business
Market capitalization of 20 UAE listed firms reaches $762 billion
Abu Dhabi, UAE -- The market capitalization of the top 20 listed companies in the local stock markets by market...
- The 20 listed companies accounted for 77.6 per cent or AED 2.79 trillion of the total market capitalization of the local equity markets of AED 3.59 trillion.
- Global Holding came out on top with a market capitalization of more than AED 912.29 billion, equivalent to 25.4 percent of the capitalization of local markets.
Chinese EV company Xpeng shares up 6% post mass-market car launch
Xpeng shares rose after the Chinese electric car company launched its new mass-market Mona brand on Tuesday with prices starting...
- Orders for the Mona M03 electric coupe exceeded 10,000 just 52 minutes after formal launch
- Chinese automaker BYD and U.S. giant Tesla cemented their dominance in H1 2024.