Masdar, Taaleri acquire 8 energy projects
The hybrid renewable energy projects in Poland have 1Gw capacity.
Business
Arts & Culture
Show goes on at Palestinian theaters despite siege
Freedom Theatre's ability to provide Jenin residents with respite is under growing strain due to repeated raids by Israeli forces.
- Ahead of the opening night of the theatre's latest production, "Metro Gaza", the creatives woke up to find three Palestinians had been killed in an Israeli operation.
- Jerusalem's El-Hakawati has seen its audiences dwindle since Israel began constructing a barrier around the West Bank in the early 2000s.
Geostrategy
Iran executes two more men in connection with protests
PARIS, FRANCE - Iran on Saturday executed two men for killing a paramilitary force member during unprecedented protests sparked by the...
- The latest hangings double the number of executions to four over the nationwide protests.
- Two men were put to death in December, sparking global outrage and new Western sanctions against Iran.
Geostrategy
Jordan imported 3.65m barrels of Iraqi oil from September 2021 to December 2022
AMMAN, JORDAN - Jordan's total imports of Iraqi oil between September 2021 to December 2022 amounted to 3.65 million barrels,...
- The Jordanian Minister said that the Kingdom purchases Iraqi crude oil to meet part of its annual oil needs at a rate of 10,000 barrels per day.
- As per the MoU, the Kingdom provides basin tanks for transporting crude oil from the Kirkuk depot in Iraq to the Jordanian oil refinery in Zarqa.
Business
Qatar records weekly real estate deals worth $612 million
Doha, Qatar-- Real estate sales worth more than 2.25 billion Qatari Riyals ($612 million) were registered at the emirate's Real...
- The weekly bulletin issued by the Real Estate Registration Department stated that the list of real estate traded for sale included vacant lands, residences.
- Most of the deals were concentrated in the municipalities of Doha, Al Rayyan, Al Wakra, Umm Salal, Al Daayen, Al Khor, and Al Thakhira.
Geostrategy
Bayern head to Doha promising to review Qatar Airways deal
Berlin, Germany--Bayern Munich CEO Oliver Kahn said on Friday the side was reviewing whether to renew its sponsorship arrangements with Qatar...
- Bayern have come under criticism for their ties to Doha and the state-owned carrier in relation to alleged human rights issues in Qatar.
- In Qatar, the German national side backtracked on a promise to wear a 'One Love' armband in support of human rights and diversity.
Economy
World food prices hit record high in 2022, rice becoming costlier
Food prices soared to a monthly record high in March after Russia invaded agricultural powerhouse Ukraine, a major supplier of...
- FAO price index, which tracks the monthly change in international prices of a basket of food commodities, fell to 132.4 points in Dec, a 1.9 percent drop from Nov.
- But the index was 14.3 percent higher overall in 2022 compared to the previous year as it reached an all-time high of 143.7 points.
Business
Dubai records over $762 million in realty transactions Thursday
Dubai, UAE---Dubai real estate market recorded deals worth AED2.8 billion ($762 million) on Thursday, Dubai Land Department said. These included...
- These included 516 sales transactions worth AED1.73 billion, in addition to 71 mortgage deals of AED596.74 million.
- The sales included 455 villas and apartments worth AED1.5 billion, and 61 land plots worth AED235.09 million.
Business
Alpha Dhabi and Mubadala form JV
They will co-invest in global credit opportunities.
- Mubadala will hold 80 percent ownership in the Abu Dhabi Global Market-based joint venture entity, with the remaining 20 percent to be held by Alpha Dhabi.
- The venture will leverage Mubadala’s long-term and strategic partnership with Apollo, one of the world’s largest alternative asset managers.
Geostrategy
Arab-Israeli released after 40-year prison term for killing soldier
With a black and white keffiyeh around his shoulders, 64-year-old Younis was met by a crowd singing the Palestinian national...
- The 64-year-old Karim Younis was convicted in 1983 of the murder three years earlier of an Israeli soldier.
- Israeli Interior Minister Aryeh Deri wrote to the state prosecutor on Tuesday requesting a legal opinion on revoking the citizenship of the two men.
Arts & Culture
Cristiano Ronaldo’s Saudi debut ‘on hold’ over player quota
Riyadh, Saudi Arabia--Portuguese superstar Cristiano Ronaldo faces a wait to make his Al Nassr debut because the Saudi club have exceeded...
- When he was unveiled with great fanfare on Tuesday, the 37-year-old said he was keen to play as soon as possible, starting with Thursday's home game against Al Ta'ee.
- But Ronaldo, whose deal is worth an estimated 200 million euros to June 2025, is Al Nassr's ninth foreign player -- one more than the eight allowed by Saudi football authorities.
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Masdar, Taaleri acquire 8 energy projects
The hybrid renewable energy projects in Poland have 1Gw capacity.
Business
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Realty sector’s success hinges on GDP growth
The kingdom’s Minister of Housing, Majid Al-Hogail recently said that Gulf country's residential real estate finance is expected to exceed...
Videos
Iran steel production to rise by 22% in two years to 55MT annually
Tehran, Iran -- Iran’s annual steel production capacity is expected to increase by more than 22 percent within the next...
Business
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Arts & Culture
Nine works nominated for 9th Katara Prize for Arabic Novel
Doha, Qatar - The Cultural Village Foundation (Katara) revealed the lists of nine works that would be included in the...
- This includes published novels, unpublished novels, young adult unpublished novels and unpublished critical studies, with a total reaching 36 novels and critical studies.
- The 9th edition of the Katara Prize for Arabic Novel saw 1,491 entries and the number of unpublished novels participating was about 833.
Business
Chimera launches Lunate
Lunate has more than $50bn in Assets Under Management.
- With a focus on private markets, Lunate is an independent entity owned by Chimera Investment and Lunate’s senior management.
- Lunate, which will be based in Abu Dhabi Global Market, has signed long-term Separate Managed Accounts (SMAs) with multiple clients.
Business
Qatar’s Hamad International Airport named world’s second-best
London, United Kingdom -- Qatar's Hamad International Airport has been named as the best airport in the Middle East, and...
- At this year's Business Traveller Awards, the airport was also named as the best in the Middle East.
- After a multi-billion-dollar overhaul last year, the airport raised its capacity from 40 million passengers a year to 58 million.