Saudi, Qatar airlines adjust flights as regional tensions disrupt travel
Dubai, UAE -- Airlines has extended the suspension of flights to several Gulf destinations as regional tensions continue to affect...
Geostrategy
Traditional coffee roaster reflects Saudi heritage
The mahmas is typically made of thick iron or copper and consists of a hollow cylindrical disc with a long...
Arts & Culture
British coronation: World leaders congratulate Charles III, Camilla
Leaders in the United States and Europe sent congratulations to Britain's King Charles III and Queen Camilla on their coronation...
- US President Joe Biden congratulates King Charles III and Queen Camilla on their coronation and praised the enduring friendship between the US and the UK
- China calls for cooperation and peace with the UK, urging a mutually beneficial ties, while EU hails coronation as testament to enduring strength of British monarchy
Science
Regional cooperation vital to address climate change
“The recent, intense weather events in Central and West Asia show that we need to take urgent, collective action. Countries...
- Urgent, collective action to address the severe impacts of climate change in Central and West Asia and its neighboring countries, says ADB Director General for the region
- Climate change may have severe impacts in the region, including greater water scarcity, expanded desertification, and more extreme weather events like floods and drought
Geostrategy
KSA, US confirm direct talks between Sudan factions
However, fighting continues in the Sudanese capital, where the conflict has already claimed around 700 lives and displaced nearly 450,000...
- However, fighting continues in the Sudanese capital, where the conflict has already claimed around 700 lives and displaced nearly 450,000 civilians, reports suggest.
- UNICEF warns that the violence has become fatal for a large number of children as aid workers struggle to access areas hit by violence, while both sides seek a military victory
UAE marks 47 years of unification of Armed Forces
The ongoing overall technological developments drive the UAE Armed Forces to increase their efforts to modernize in order to address...
- The ongoing overall technological developments drive the UAE Armed Forces to increase their efforts to modernize in order to address current regional and global challenges.
- The UAE Armed Forces have become one of the strongest in the region and the world, making a valuable contribution to international alliances, highlight UAE leaders
Economy
GCC considers unified visa system to boost tourism
Ministerial-level talks are underway among the GCC nations to achieve a single visa agreement, says Bahrain's Tourism Minister Fatima Al...
- Ministerial-level talks are underway among the GCC nations to achieve a single visa agreement, says Bahrain's Tourism Minister Fatima Al Sairafi during an event in Dubai
- The unified GCC visa strategy aims to boost tourism sector's contribution to GDP, create employment, enhance competitiveness and ensure sustainability of the industry
Economy
‘UAE deals with around 50,000 cyberattacks daily’
"These proactive efforts play a vital role in protecting the country's digital sphere and ensuring a secure environment for critical...
- The UAE Cyber Security Council collaborates with partners to deter over 50,000 cyberattacks daily targeting critical national sectors, says its head
- Banking, financial, health, oil, and gas sectors are frequently targeted, but attacks are efficiently countered to safeguard the UAE's digital sphere
GCC central banks align rates with US Fed Reserve
The regional apex banks -- including the CBUAE, SAMA, CBB, and QCB -- have raised rates by 25bps in response...
- The regional apex banks -- including the CBUAE, SAMA, CBB, and QCB -- have raised rates by 25bps in response to the US Fed's decision to increase its benchmark lending rate
- Saudi Arabia's SAMA has increased its Repo rate to 5.75% and Reverse Repo to 5.25%, while the CBUAE has raised its ODF from 4.90% to 5.15%, effective from May 4, 2023
Economy
MENA region’s growth may decelerate this year: IMF
Oil exporters are set to experience slower growth due to a shift from oil to nonhydrocarbon activities, says Jihad Azour,...
- Oil exporters are set to experience slower growth due to a shift from oil to nonhydrocarbon activities, says Jihad Azour, Director of IMF's Middle East and Central Asia Department
- Growth in the region's emerging markets is also expected to fall from 5.1% in 2022 to 3.4% in 2023 due to tighter monetary and fiscal policies, suggests the latest IMF report
Business
Book industry needs to focus more on sustainability
She was highlighting key industry challenges such as environmental pressures and rising costs, during the opening of the Sharjah International...
- Prominent booksellers, publishers, and experts from 69 countries participate in Sharjah International Booksellers Conference, which facilitates discussions on industry trends
- Sustainability, generative AI, industry transformation remain prime focus of the discussion as Sharjah emphasizes the importance of collaboration and effective communication
Business
Investors set to boost allocations to gold, miners
Rallying of gold prices and growing concern about a potential global banking crisis are seen as key reasons for the...
- Rallying of gold prices and growing concern about a potential global banking crisis are seen as key reasons for the increased allocations, says a latest global report
- Gold and gold mining stocks are likely to make up 6 percent or higher of core holdings, believe 60% investors, adds Tresor Gold, a data-driven gold mining company
Saudi, Qatar airlines adjust flights as regional tensions disrupt travel
Dubai, UAE -- Airlines has extended the suspension of flights to several Gulf destinations as regional tensions continue to affect...
Geostrategy
Company News
Bahrain Steel raises $450m SLL
Business
Latest News
UCC Holding signs contracts for seven Kazakhstan projects
Doha, Qatar -- UCC Holding, a Qatari company, has signed two energy contracts for seven projects in Kazakhstan.The first contract...
Business
GCC economies eye $2.5trn from better productivity
The region pins hope on the new Productivity Potential Index that offers a forward-looking framework, incorporating environmental, health, and innovation...
Economy
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
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Economy
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...
- Qatar-Turkey JETCO aims to enhance private sector cooperation and advance intra-regional trade.
- Successful Qatar-Turkey Business Forum highlights partnership opportunities, says Qatar Chamber chief.
Geostrategy
WEF24: Gulf cities spearhead global investment surge
GCC cities such as Abu Dhabi, Dubai and Riyadh showcase dynamic growth, rivalling global metropolises, says Julien Hawari, CEO &...
- GCC cities such as Abu Dhabi, Dubai and Riyadh showcase dynamic growth, rivalling global metropolises, says Julien Hawari, CEO & Founder of Special Edition and Million.
- He attributes the Gulf's economic boom to transformative business and government practices, and inclusive policies that promote diversity and attract international talent.
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.