Gaza health situation a ‘perfect storm for tragedy’: UN
Around 160 children are killed every day in Gaza and UNICEF has warned that the number could skyrocket. More than...
Business
48% of people in UAE expect cross-border payments surge in 2024
Dubai, UAE -- Nearly 48 percent of individuals in the UAE anticipate an uptick in cross-border payments over the next...
Business
CEO of Saudi Electricity Company quits from top post
The company appointed vice president as its new head until further notice after Al Sudairi quit citing personal reasons
Saudi company using salt water to grow crops bags $10 million investment
A patented system of solar and growth monitoring technologies allows use of salt water for cooling greenhouses, irrigating crops
Emirates REIT rescinds voluntary consent solicitation
A majority of Sukuk holders voted in favor of solicitation but support fell short of the required 75 percent mark
UK pipeline specialist Stats boosts Qatar operations
Stats started its operations in Qatar, which has the world's third largest gas reserves, in 2011
Opontia raises $20m to acquire, grow MENA e-commerce brands
Opontia said it will use the funds to acquire exceptional e-commerce brands and to invest in a team of experienced...
Jubail island reveals the design of Spanish-inspired, Mediterranean-style villas
The company said with four distinct styles to choose from, the villas provide a range of unique designs to suit...
IFIN launches first-of-its-kind Islamic financing platform
IFIN platform eliminates the need for customers to visit their bank branch to secure finance and provides retailers with an opportunity...
European central bank honchos to wrestle with rising inflation
The ECB's 25-member governing council is widely expected to hold interest rates at historic lows and leave its massive bond-purchasing...
Emaar Properties sees sales jump 250% in Dubai
Emaar property sales this year $2.86 billion compared to $820 million in the same period last year The company, which...
Dubai SME to help entrepreneurs access competitive legal services
The Hamdan Innovation Incubator and the International Consultant Law Office have signed an MoU The pact aims to help SMEs...
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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
Gaza health situation a ‘perfect storm for tragedy’: UN
Around 160 children are killed every day in Gaza and UNICEF has warned that the number could skyrocket. More than...
Business
Company News
Invictus plans $272m expansion
Business
Latest News
Arada H1 sales $1.15bn
Business
Iran not holding direct talks with US on sidelines of UN meet
"Reports that a meeting between Iranian and American officials will be held on the sidelines of the UN General Assembly...
Business
ACWA Power announces financial close on $2.4bn Saudi solar projects
Riyadh, Saudi Arabia -- A consortium of ACWA Power and subsidiaries of Saudi sovereign wealth fund, Public Investment Fund, and...
Business
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Business
Iran-European Union trade reaches $2.5 billion in first half of 2023
Tehran, Iran -- Trade between Iran and the European Union member states reached 2.3 billion euros ($2.5 billion) in the...
- Iran-EU trade exchanges declined by 10 percent compared to the last year’s corresponding period.
- Germany, Italy and the Netherlands accounted for most of the export of products to Iran from January to June 2023.
Geostrategy
Japan prepares to hold foreign ministers meet with GCC nations in Sept
Tokyo, Japan -- Japan is preparing to hold a foreign ministers' meeting with the six member states of the Gulf...
- Japan relies on the six countries that make up the GCC -- Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates -- for over 90 percent of its crude oil.
- Foreign Minister Yoshimasa Hayashi is expected to attend the meeting, with visits to Egypt and Jordan also under consideration, Kyodo News said.
Arts & Culture
25 teams attending Afro-Arab Esports League 2023 in Saudi Arabia
Riyadh, Saudi Arabia -- The Afro-Arab Esports League, which opened Saturday in Saudi Arabia, will see participation from over 25...
- These teams will compete for three days in a variety of tournaments tailored for both men and women, covering popular games such as eFootball and Valorant.
- Prince Faisal bin Bandar bin Sultan said the arrangement of the Afro-Arab Esports League demonstrated of the sector's importance in both the Arab and African realms.