SEVEN to build $347m entertainment destination in Saudi Arabia’s Aseer
Riyadh, Saudi Arabia -- Saudi Entertainment Ventures (SEVEN), a PIF subsidiary, has announced the fifth entertainment destination in the Kingdom,...
Business
Dubai records weeklong real estate deals worth $2.45 billion
Dubai, UAE -- A total of1,852 real estate transactions valued at more than AED 9 billion ($2.45 billion) were conducted...
Business
China’s 70-year effort makes it malaria-free
China becomes the 40th territory certified malaria-free by WHO For four consecutive years, no case was reported GENEVA: China was...
Amazon targets net-zero carbon in new Mena projects
Amazon's Climate Pledge aims to achieve net-zero across its businesses by 2040 The projects are expected to come up Saudi...
Raayi: Online customer reviews can make or break a business
Make customer ratings part of company's revenue-generation strategy A negative review could cost a firm as many as 30 customers...
US Secretary of State says Guantanamo prison should close
US Secretary of State says he doesn’t know when it can happen Former president Obama had failed in his bid...
Turkey launches $15b project to ease Bosphorus Strait traffic
The project expected to be on the outskirts Istanbul's European side 43,000 ships pass through the strait every year Turkish...
Mosul bombing victims battle ‘opaque compensation system’
The coalition admits more than 1,000 civilians killed in seven years HRW: The compensation system is opaque even for those...
Masks up again in Israel as Delta variant drives up cases
Mask requirement reimposed for all indoor settings except the home Israel has already started its vaccine drive for children aged...
US, France must take final decisions on nuclear deal: Iran
The 2015 deal saw Iran accept curbs on its nuclear capabilities Trump unilaterally withdrew three years later Iran on Friday...
Saudi Aramco chairman Yasir Al-Rumayyan joins Reliance Industries Board
Saudi Aramco chairman and Governor of the Kingdom's Public Investment Fund, Yasir Al-Rumayyan, has been inducted into the board of...
Those spreading rumours against Covid-19 vaccine will be punished: Oman health minister
He said most people who died of Covid-19 in the country in April were not vaccinated Oman has seen more...
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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
SEVEN to build $347m entertainment destination in Saudi Arabia’s Aseer
Riyadh, Saudi Arabia -- Saudi Entertainment Ventures (SEVEN), a PIF subsidiary, has announced the fifth entertainment destination in the Kingdom,...
Business
Company News
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Business
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RAKBANK H1 profit $245m
Business
ADCP partners with AP Moller
Business
Aldar to redevelop two malls
Business
UAE first half non-oil foreign trade hits all-time high of $337 billion
The results are buoyed by record non-oil exports, which reached AED 205 billion in H1 2023, an 11.9 percent growth...
Business
Saudi Arabia’s imports from GCC countries fall by 19% in June
Riyadh, Saudi Arabia -- Saudi Arabia’s imports from Gulf Cooperation Council (GCC) countries fell 19 percent year-on-year (YoY) to SAR...
Business
Hotel revenues in Oman grow 27.8% to $318 million in July
Muscat, Oman -- The revenues of 3-5-star hotels in Oman reached RO 122.5 million ($318 million) at the end of...
Business
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Videos
GCC optimistic about FDI growth despite hiccups
Despite a decline in FDI inflows in the past few years, GCC countries remain optimistic as they expect strong economic...
- The GCC countries are generally stable and have a good track record of protecting foreign investments.
- The Gulf nations have abundant natural resources, such as oil and gas, which attract foreign investors in the energy sector.
Geostrategy
Renewables helped save $520bn fuel costs globally in 2022: Report
In non-OECD countries, just the saving over the lifetime of new capacity additions in 2022 will reduce costs by up...
- In addition to these direct cost savings, there would be substantial economic benefits from reducing CO2 emissions and local air pollutants.
- IRENA’s Director-General Francesco La Camera said the world must add 1,000 GW of renewable power annually on average every year until 2030 to keep 1.5°C within reach.
Arts & Culture
Saudi hosts AlUla Desert Blaze, the toughest run in GCC region
AlUla, Saudi Arabia -- AlUla Desert Blaze, a unique running challenge, which kicked off on Saturday and saw participation of nearly 200 male and female...
- The run, which kicked off Saturday, saw participation of nearly 200 male and female runners from 39 countries.
- The participants faced the toughest challenges amid scorching summer heat, enduring temperatures reaching up to 43 degrees Celsius.