Emaar Development to pay $1.1 billion dividend
The dividend represents 100 percent of its share capital. The company reported record property sales of approximately $19.4 billion in...
Business
Geostrategy
Israel-Hamas conflict intensifies as Hizbollah joins in
World calls for restraint as Palestinian death toll reaches 370 and Israeli casualties cross 600, prompting Netanyahu to warn of...
- World calls for restraint as Palestinian death toll reaches 370 and Israeli casualties cross 600, prompting Netanyahu to warn of a "long and difficult" battle against Hamas.
- Lebanon's Hizbollah attacks from the north, supporting Hamas, while Israel strikes 426 Hamas locations, including tunnels and infrastructure, intensifying the conflict
Geostrategy
Hundreds killed in deadliest Palestine-Israel conflict
World calls for restraint as Palestinian death toll reaches 232 and Israeli casualties cross 200, prompting a vow of retaliation...
- World calls for restraint as Palestinian death toll reaches 232 and Israeli casualties cross 200, prompting a vow of retaliation from Israeli Prime Minister Benjamin Netanyahu
- The UNSC plans an emergency session as Biden backs Israel, while Israel's "Swords of Iron" operation persists and Hamas launches a comprehensive attack, evading Iron Dome
Geostrategy
GCC FTA, tech MoU enhance Pakistan-Saudi relations
In landmark developments, Saudi Arabia and Pakistan have taken significant strides to enhance their bilateral relations, especially in the economic...
- In landmark developments, Saudi Arabia and Pakistan have taken significant strides to enhance their bilateral relations, especially in the economic and technological arenas.
- The GCC and Pakistan signed a historic Free Trade Agreement and MoU, deepening bilateral relations between the two nations from trade to digital transformation and defense
Infographics
Digital quality adds shine to life in Arab countries
The UAE leads the Arab world in digital quality of life, with its advanced digital infrastructure and commitment to tech...
- The UAE leads the Arab world in digital quality of life, with its advanced digital infrastructure and commitment to tech advancements. Saudi Arabia secures second position.
- Qatar, Bahrain, Oman, and Kuwait rank among the top five in digital prowess, emphasizing that digitalization enhances citizens' quality of life in the Gulf region.
Geostrategy
At $75bn, Saudi defense budget beats several European countries in 2022
Last year, Saudi Arabia led the Middle East in military investments, ranking fifth globally with a defense budget of $75...
- Qatar's military expenditure reaches $15.4 billion, ranking close to the Netherlands
- The United States remains the global leader with $877 billion in military spending
Economy
Foreign direct investment crucial for economic growth
At this year's technology summit in the United States, which spotlights economic diversification through the strategic use of energy-generated wealth,...
- Qatar's Ahmad bin Mohammed Al Sayed underscores the pivotal role of foreign direct investment in economic diversification and job creation
- The summit gathers global leaders to address key challenges in economic diversification and the impact of technology on rural populations
Business
Saudi real estate sector builds on vision beyond oil
TRENDS digs into Saudi Arabia's booming real estate sector and ambitious projects to find how they offers investors lucrative, long-term,...
Economy
Norms may make it easy to navigate ethical maze of AI
While speaking at the International Government Communication Forum in Sharjah, he emphasized that it's essential to regulate technology and overall...
- In a world where technology dominates daily life, the need for digital transformation to empower various sectors is undeniable
- It's essential to regulate technology and overall policies to ensure cybersecurity and ethical AI use, highlights a top UAE official
Videos
Middle East sets global standards in renewable energy
This TRENDS Explainer Video explores how the Middle East is fueling its economy with renewables like solar, wind, and green...
- This TRENDS Explainer Video explores how the Middle East is fueling its economy with renewables like solar, wind, and green hydrogen, catalyzing a global clean energy shift
- By 2030, solar energy is expected to make up 15 percent of the Middle East's power mix, while new wind projects in Oman, Egypt, and Saudi Arabia will generate local jobs
Saudi Arabia, India boost alliance with multiple MoUs
India and Saudi Arabia held their first Strategic Partnership Council meeting, emphasizing the strengthening of defense and security partnerships between...
- India and Saudi Arabia held their first Strategic Partnership Council meeting, emphasizing the strengthening of defense and security partnerships
- Talks between the two countries are expected to provide new direction to India-Saudi relationship on a broader regional and global scale.
Emaar Development to pay $1.1 billion dividend
The dividend represents 100 percent of its share capital. The company reported record property sales of approximately $19.4 billion in...
Business
Company News
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RSG, Hyundai Motor ink pact
Business
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...
Asia-Pacific markets mixed, dollar down Monday as Fed readies to acknowledge cuts
Asia-Pacific markets were mixed on Monday after a week that saw a broad rally in stocks, as investors awaited a...
Economy
US Department of State issues favorable 2024 Bahrain Investment Climate Statement
The investment climate in the Kingdom of Bahrain is positive and relatively stable. Bahrain maintains a business-friendly environment and a...
Economy
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Business
OpenAI reveals new GPT-4o model that is faster and free for all users
OpenAI on Monday launched a new AI model and desktop version of ChatGPT, along with an updated user interface, the...
- OpenAI, backed by Microsoft, has been valued at more than $80 billion by investors
- The new model can respond to users’ audio prompts “in as little as 232 milliseconds
Economy
Asia markets mixed as investors assess China inflation data
Asia-Pacific markets were mixed Monday as investors assessed China’s stronger-than-expected April inflation data, CNBC reportedChina’s consumer price index climbed 0.3%...
- China’s consumer price index climbed 0.3% year on year
- Japan’s first-quarter GDP expected to have contracted an annualized 1.5%
Geostrategy
Forty-day ceasefire offered to Hamas: UK foreign secretary
US Secretary of State Antony Blinken renewed US opposition to an Israeli offensive on Gaza's southernmost city of Rafah. "We...
- British Foreign Secretary David Cameron said Hamas has also been offered the release of potentially thousands of Palestinians in return for the release of Israeli hostages
- Speaking at the World Economic Forum (WEF) in the Saudi capital Riyadh, Palestinian President Mahmud Abbas urged the US to intervene.
