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 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 reported China’s consumer price index climbed...
Economy
Economy
Iraq’s apex bank introduces new exchange categories for dollar sales to travelers
BAGHDAD -- The Central Bank of Iraq has introduced three distinct categories of exchange companies dedicated to selling dollars to...
- Exchange companies will operate under strict Central Bank regulations and Anti-Money Laundering Law
- Enhanced electronic platform by the Central Bank of Baghdad will oversee all dollar sales to citizens
Sheikha Bodour to chair revamped board at American University of Sharjah
SHARJAH -- Dr. Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, has outlines the restructuring...
- The Board of Trustees of the American University of Sharjah has been restructured
- New board members to begin their term in October. Membership term set for three years
Economy
Iraq streamlines imports, focuses on strengthening domestic industries
In a move to fortify the local market, Iraq's Ministerial Council of Economy has taken decisive steps, including the removal...
- Iraq's Ministerial Council of Economy removes four items from import lists
- 4% customs tariff reduction announced for imported live animals for slaughter
US, Iraq strengthen security ties; vow to defeat ISIS; set up military commission
WASHINGTON – The United States and Iraq pledged to boost security cooperation, regional stability, and the shared interest in Iraq's...
- Iraq, US focus on the 2008 U.S.-Iraq Strategic Framework Agreement and non-combat role of U.S. forces
- The two countries emphasize recognition of the support from CJTF-OIR to the Iraqi Security Forces
Business
Saudi Arabia’s PIF creates 181,000 jobs in 2022, boosts economy
Saudi Arabia's employment figures received a significant boost in 2022, thanks to the efforts of the Public Investment Fund (PIF),...
- The sovereign fund has ambitious goals and aims to increase its assets under management to SAR4 trillion by 2025.
- The fund's assets under management also saw substantial growth, increasing by 12.8 percent to $595 billion in 2022.
Infographics
Middle East makes mark in Global Soft Power Index
TRENDS Infographics explores prominent Arab nations in the latest Global Soft Power Index, with the UAE leading the way by...
- TRENDS Infographics explores prominent Arab nations in the latest Global Soft Power Index, with the UAE leading the way by entering the top 10, a first for the Middle East
- Other GCC countries, including Oman, also show improvements in the index, which measures nations' influence and reputation across various sectors and a variety of metrics
Business
GCC power and water projects benefit from lower risks, government support: Report
LONDON —Strategically important power and water projects controlled by GCC governments or government-related entities (GRE), are benefitting from the support...
- GCC governments play multiple roles, including offtakers, gas suppliers, grid operators, and land lessors
- Robust contractual provisions include 20- to 30-year fuel supply and offtake agreements with fixed prices.
Economy
‘UAE’s compliance level high in anti-money laundering’
She adds that the Ministry’s participation in this workshop forms part of its commitment to fostering regional and international cooperation...
- The UAE has achieved the highest compliance levels in anti-money laundering, developing an advanced ecosystem in line with global best practices
- The Gulf country seeks to foster regional and international cooperation with partners, contributing to establishing a sustainable AML ecosystem
Arts & Culture
Teachers play key role in shaping future generations
“The real development of the education sector requires attracting the expertise of Emirati educators. Without empowering them to perform effectively,...
- Sheikh Abdullah bin Zayed, the UAE’s Minister of Foreign Affairs and Chairman of the EHRC, underscores the pivotal role of teachers in shaping the future
- The UAE minister emphasizes that teachers are not just imparting academic knowledge but are also instrumental in the formation of balanced personalities
Riyadh, Jeddah among world’s least expensive cities
Key global reports list Saudi Arabia's Riyadh and Jeddah among the world's least expensive cities for living. TRENDS finds out...
- Key global reports list Saudi Arabia's Riyadh and Jeddah among the world's least expensive cities for living. TRENDS finds out the cost of living in other cities of the Kingdom
- Affordability and stability of Saudi cities make them attractive destinations for both locals and expatriates seeking a cost-effective living environment, TRENDS points out
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Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
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...
Company News
RAK cultivates communities with arts and culture
Arts & Culture
Latest News
Displacement, health crisis in Sudan is alarming, says WHO
GENEVA, SWITZERLAND – Acting WHO Representative in Sudan Peter Graaff has said that the humanitarian and health crisis in the...
Geostrategy
BGN to get $100m in financing
Abu Dhabi Exports Office, Mashreq and ADCB to provide financing.
Business
Qatar-Turkey business forum sparks new joint ventures
Emphasizing the importance of holding meetings and mutual visits, Sheikh Khalifa bin Jassim bin Mohamed Al-Thani notes this would bolster...
Economy
Most Read
Business
Tourism takes Saudi Arabia to a new global height
Strategic initiatives and a focus on domestic tourism help Saudi Arabia's tourism sector experience unprecedented growth, positioning it as a...
- Strategic initiatives and a focus on domestic tourism help Saudi Arabia's tourism sector experience unprecedented growth, positioning it as a future global travel leader.
- Leading the G20 in tourism sector growth, the Kingdom showcases its global tourism impact, with high-quality hospitality projects and local workforce investment.
Arts & Culture
RAK cultivates communities with arts and culture
“Culture and arts are an integral part of building communities and a key pillar of Ras Al Khaimah’s sustainable development,”...
- Sheikh Saud bin Saqr Al Qasimi champions culture and arts as foundational for community and sustainable development in Ras Al Khaimah.
- The 12th RAK Art Festival at Al Jazeera Al Hamra Heritage Village showcases 106 artists, emphasizing the Emirate's dedication to global culture.
Business
Robots save UAE’s finance ministry 39,000 working hours
Dubai, UAE -- UAE's Ministry of Finance has saved 39,000 hours of human labor by using bots, software applications that...
- The Ministry has just completed phase two of embedding robotic process automation (RPA) into many of its internal processes.
- By 2022, it had more than 50 bots working unattended, delivering great results, and it expects to save an additional 12,000 working hours in 2023.