WEF24: Catalyzing investment, trade transform Africa
Addressing infrastructure and climate change is crucial for Africa's development, British Robinson, the Coordinator of the Prosper Africa Initiative, tell...
Interview
Economy
UAE non-oil foreign trade close to AED500bn in first quarter of 2022
According to the UAE’s Federal Competitiveness and Statistics Centre, this was a growth of 20.5 percent compared to AED414.6 billion...
- Gold topped the list of leading commodities included in the UAE’s non-oil foreign trade, with a value of AED84.4bn
- Diamonds stood second with a value of AED40bn, followed by telephone and communication devices with a value of AED37bn
Geostrategy
Israel says government sites targeted by hack
A largest-ever cyber attack launched against Israel but yet not clear that who carried out the hack.
- A largest-ever cyber attack launched against Israel but yet not clear that who carried out the hack
- NetBlocks confirmed on Monday that government network of Israel was "unreachable internationally"
Economy
Inflation pinches GCC consumers’ pockets
Rising global inflation is impacting the region, mainly through higher prices of food, fuel and transportation. Here are Special Reports...
Business
UAE restructures Securities and Commodities Authority
The Cabinet has approved a decision to restructure the Board of Directors of the Securities and Commodities Authority, under the...
- The decision will help the Authority in promoting the performance of the financial markets in the country.
- The revamped Board will consolidate the UAE’s stature and its global leadership in this field, the authority says
Infographics
Saudization benefits thousands of citizens in 2021
The number of Saudi nationals who got jobs in the private sector crossed 1.9 million in 2021, the highest number...
- The number of Saudi nationals who got jobs in the private sector crossed 1.9 million last year, says the ministry
- The drive has also helped in creating an attractive and stimulating work environment for Saudi nationals in private sector
Geostrategy
GCC Summit issues Riyadh Declaration
The region’s common economic, defense and security integration and unity and coordinating stances were reviewed at the 42nd GCC Summit.
- They Gulf leaders seek to enhance solidarity and stability among GCC member states
- The Supreme Council will hold its 43rd session under Oman’s presidency
Geostrategy
EU, GCC begin new era in relations
However, the recent developments show that Europe has shed this energy-supplier image of the Gulf for a more realistic and...
- Kuwait has emerged as a major global humanitarian player and a significant mediator to sort out inter-Gulf differences
- This has contributed to the re-evaluation by European Union leaders of their policies towards the Gulf region
Business
ADQ to buy stake in IHC subsidiary
Abu Dhabi-based firm will acquire Eltizam Asset Management for AED111.6 million.
- IHC has entered into a strategic partnership with ADQ to sell a 50% stake in its subsidiary
- Eltizam offers an integrated suite of strategic management and real estate services
Business
Proof of Covid-19 vaccination, PCR test needed to enter Expo Dubai
Expo 2020 visitors will need a coronavirus vaccination or a negative PCR test to enter, organisers in Dubai has said....
- PCR tests will be free for ticket-holders with a 'network' of testing centres available across the city
- The Expo site will have mandatory masks, two-metre social distancing rules and sanitisation stations
Geostrategy
UAE, Israel eye trillion-dollar business
The UAE marks one year since normalising ties with Israel today as the leaders hope the Abraham Accords could reap...
- The economic benefits have come quickly for the UAE and Israel after the US-brokered Abraham Accords
- Both have signed a series of deals ranging from tourism to aviation and financial services
Company News
Latest News
Teachers play key role in shaping future generations
Arts & Culture
Partnership deals help UAE and India strengthen ties
"The UAE and India have robust, deep-rooted bilateral relations. The signing of the Comprehensive Strategic Partnership in 2017 and the...
Geostrategy
‘Historic’ EU-Middle East-India trade plan launched
At the G20 Summit in New Delhi, the US, EU, Saudi Arabia, and UAE have launched an ambitious trade initiative...
Deadliest quake in decades kills over 2,000 in Morocco; rescue bid is on
Following the devastating earthquake in Morocco on Saturday that killed more than 2,000 people so far, the UAE, Iran, Iraq,...
Geostrategy
Most Read
Geostrategy
GCC poised to help MENA in global trade integration
With MENA accounting for just 7.4% of global trade in 2022, GCC's strategic initiatives and resources can pave the way...
- With MENA accounting for just 7.4% of global trade in 2022, GCC's strategic initiatives and resources can pave the way for regional trade integration and global prominence
- Despite challenges like restrictive nontariff measures, red tape, and corruption, GCC-led comprehensive reforms and a global engagement strategy can make MENA a trade hub
Geostrategy
‘Multilateralism only option to tackle global crises’
Stressing that “we are in a race against time” on issues from climate change and biodiversity loss to education and...
- Outgoing UN General Assembly President Csaba Kőrösi emphasizes the importance of international cooperation
- Kőrösi also calls for urgent action on climate change, education, gender equality, and sustainable development
Videos
A glimpse into GCC’s financial evolution
As the winds of change blow, three major forces—regulation, consolidation, and digitization—are shaping the trajectory. These elements intertwine, creating a...
- Driven by regulation, consolidation, and digitization, the region's financial services sector is undergoing a pivotal transformation
- Dive into the TRENDS Explainer video to understand and navigate the evolving landscape of the banking sector across the region