Jordan exports pharmaceutical products worth US$874m in 2023
AMMAN, JORDAN – Products of the Kingdom’s pharmaceutical industries and medical supplies sector moved over the past quarter century to...
Business
‘UAE strengthens Gaza support with humanitarian aid’
“The activation of the maritime corridor is crucial. It will serve as an essential lifeline for the people of Gaza,...
Geostrategy
Economy
‘Sustainable supply chains, global ties crucial’
The Gulf country has introduced several initiatives to support and promote international economic partnerships, including the comprehensive economic partnership agreements...
- The UAE aims to promote global economic cooperation and enhance openness to the world, says its Economy Minister Abdullah Bin Touq Al Marri
- The Gulf country focuses on creating investment opportunities in new economy sectors and supporting sustainable supply chains, the minister adds
Traders in GCC gear up for volatile week as markets gradually reopen
Traders are expected to scramble to incorporate changes in sentiment following last week's data, while keeping an eye on the...
- Changes in sentiment following last week's data and global data are expected to impact trading
- Qatari stock market may reopen with new pressures on prices due to caution among investors
Arts & Culture
Are online greetings widening social distance?
Al-Ruwayeh, however, acknowledged that the contacts in the virtual realm have helped some people who suffer from loneliness to compensate...
- Experts say virtual communication eliminates emotional expressions, but also creates channels for dialogue for many individuals
- Posting too many Eid greetings simultaneously can create distractions and communication difficulties, they point out
Arts & Culture
ADMSC, Abu Dhabi Marine ink deal to organize Dalma Race
Abu Dhabi, UAE - Abu Dhabi Marine Sports Club (ADMSC) signed an agreement with Abu Dhabi Marine for the sponsorship...
- Organized by the Cultural Programs and Heritage Festival Committee and Abu Dhabi Marine Sports Club, it will feature the world’s longest 60ft dhow race – running for 125km.
- This includes a local souq, traditional activities, competitions and handicrafts, preserving the emirate’s marine heritage for future generations.
Economy
‘Saudi Arabia is committed to combat climate change’
The Kingdom is dedicated to collaborating with international and regional partners to find solutions in the climate sector. Saudi Arabia...
- Saudi Arabia aims to increase the percentage of renewable energy to 50 percent in electricity production by 2030, says minister Adel bin Ahmed Al-Jubeir
- The Kingdom will produce up to 2.9 million tons of hydrogen annually by 2030 and increase it to 4 million tons annually by 2035, added the Climate Affairs Envoy
Economy
UAE leads as infrastructure, technology investments boost logistics performance of GCC countries
The sector across the region, however, needs further improvements in timeliness and tracking and tracing systems, highlights the World Bank's...
- The sector across the region, however, needs further improvements in timeliness and tracking and tracing systems, highlights the World Bank's latest Logistics Performance Index
- While the UAE ranks fourth globally for logistics with a LPI score of 7, Qatar, Saudi Arabia, Oman, Bahrain and Kuwait are also doing well, the latest report points out
Economy
Qatar sees record expenditure during Eid holidays
The entertainment sector, which includes restaurants, cinemas, and theme parks, attracts customers at record rates during the festive period, especially...
- Economists expect that the demand for gifts will double, and the demand for recreation will increase during the 11-day Eid holiday in the Gulf country.
- Ad campaigns and the doubling of Eidiyah contribute to increasing purchasing power and positively reflect on the performance of the two sectors, they add
Science
UAE launches its second nanosatellite DEWA SAT-2
DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) successfully launched its second nanosatellite, DEWA SAT-2, aboard SpaceX’s Falcon 9...
- The launch of DEWA SAT-2 underlines the firm's commitment in using space technologies to improve the operations and maintenance of electricity and water networks.
- The nanosatellite was designed and developed by Emiratis at DEWA’s Research and Development Center, in collaboration with NanoAvionics in Lithuania.
Arts & Culture
UAE celebrates Sheikh Zayed’s humanitarian vision
Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council Member and the Ruler of Ajman, described Sheikh Zayed as a role...
- UAE leaders pay tribute to the late Sheikh Zayed on Zayed Humanitarian Work Day, commemorating his legacy of giving, humanitarianism, and vision for tolerance
- They emphasized the importance of continuing the Founding Father's work and promoting benevolence within the Emirati community and across the world
Economy
Collaboration helps strengthen Emirati workforce
“This also opens new horizons for Emiratis to effectively contribute to the UAE's economic development,” adds Farida Al Ali, Assistant...
- Collaboration with local HR departments, educational institutions, and private sector companies helps connect with local talent, says a UAE official
- This also opens new horizons for Emiratis to effectively contribute to the UAE's economic development, adds Farida Al Ali of the country's MoHRE
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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
Jordan exports pharmaceutical products worth US$874m in 2023
AMMAN, JORDAN – Products of the Kingdom’s pharmaceutical industries and medical supplies sector moved over the past quarter century to...
Business
Company News
Latest News
UNGA strongly endorses ceasefire in Gaza conflict
The UN General Assembly passes a resolution demanding an immediate ceasefire in Gaza, highlighting the Security Council's inaction and putting...
MSF demands immediate, sustained truce in Gaza as toll rises to 15,899
Doctors Without Borders (Médecins Sans Frontières, MSF) has urgently called for a ceasefire in Gaza amid escalating violence and rising...
Geostrategy
Presight AI, Samruk-Kazyna launch JV
The partnership aims to accelerate digital transformation in Kazakhstan.
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COP28 UAE
$656 million committed to Loss & Damage Fund so far
The fund will be housed in the World Bank for four years, a decision accepted by developing nations despite concerns...
- The fund signifies a pivotal moment in climate diplomacy, reflecting a growing acknowledgment of the need for tangible support for those most vulnerable to climate change.
- This initiative by the UAE and Germany at COP28 marks a new era of responsibility and cooperation among nations, setting a hopeful tone for the remainder of the conference.
Geostrategy
UAE President announces $30bn Global Climate Fund at COP28 meet
In a groundbreaking announcement at the World Climate Action Summit during the UN Climate Change Conference (COP28), UAE President Sheikh...
- The fund, designed to address the critical gap in climate financing, aims to enable affordable access to climate finance.
- The UAE President highlighted the global urgency of addressing climate change and its pervasive impacts on life.
Opinion
Act now as climate crisis has reached critical point
"Renewable energy is key to our planet's future. It's time to phase out fossil fuels and embrace sustainable solutions. The...
- Earth's vital signs are failing with record emissions and extreme weather events, signaling a climate emergency.
- UN makes an urgent call for global leaders to prevent a planetary catastrophe by meeting Paris Agreement goals.