From climate action to global aid: Inside UAE’s remarkable year
Abu Dhabi, UAE -- The UAE is bidding farewell to 2023, dubbed the ‘Year of Sustainability'. From hosting the relatively...
YEARBOOK 2023
Dana Gas 9M net profit $126m
Business
Amlak Q3 net profit AED $73m
Business
Rabigh 9M net loss $879m
Business
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.
Business
Brazilian exports to Arab countries up 8% in seven months
Dubai, UAE -- The Arab Brazilian Chamber of Commerce (ABCC) recorded a surge of 8 percent in Brazilian exports to...
- Brazilian exports to the the kingdom totaled to $1.873 billion in the first seven months of 2023, while exports to exports to the United Arab Emirates amounted to $1.646 billion.
- Kuwait also witnessed an increase in the Brazilian exports, which amounted to $157.78 million during this period.
Geostrategy
Hungarian companies want to expand work in Russia, says PM Orban
BUDAPEST, HUNGARY – Hungarian Prime Minister Viktor Orban said that companies from his country plan to expand their activities in...
- Hungarian Prime Minister Viktor Orban made the statement at a meeting with the head of Russia’s Tatarstan region Rustam Minnikhanov in Budapest.
- The head of Tatarstan came to Budapest at the invitation of Orban in connection with the Hungarian national holiday, St. Stephen's Day.
Geostrategy
EU well-prepared for winter as gas reserves hit 90% ahead of target
The speedy filling of storage facilities means the bloc is "in a much more stable position than it was this...
- The crisis sparked by Russia's war led to the European Union adopting a law requiring the 90-percent gas storage by November 1 each year.
- Before Moscow launched its invasion in February 2022, Russia accounted for nearly half of the EU's natural gas imports.
Business
Dubai records $2.83bn billion in weekly real estate transactions
Dubai, UAE -- Real estate transactions valued at more than AED 10.4 billion ($2.83 billion) were recorded in Dubai during...
- Of the total 3,571 transactions,120 plots were that sold for AED1.2 billion and 2,782 apartments and villas were that went for AED6.86 billion.
- A total of 109 properties were granted between first-degree relatives worth AED438 million.
Geostrategy
Iran first Islamic country to have modern observatory, says official Â
TEHRAN, IRAN – Iran is the first Islamic country to possess a very modern observatory, the head of the Institute...
- The head of the Institute for Research in Fundamental Sciences said that Iran lacked the resources to build an observatory.
- He added that an observatory is like a living entity, and continuous work and progress are necessary for proper functioning.
Business
India cricket board earns nearly $300 million from 2022 IPL
New Delhi, India -- India's cricket board banked nearly $300 million from last year's iteration of its Indian Premier League,...
- The Board of Control for Cricket in India (BCCI) is one of the richest governing bodies in global sport, owing largely to the runaway success of the flagship Twenty20 tournament.
- The IPL has made millionaires of its top players and generated billions from media rights since its inception in 2008.
Geostrategy
Turkish officials discuss scenarios around stalled Russia grain deal
Turkey’s top diplomat Hakan Fidan is planning to discuss the results of these discussions with Russian Foreign Minister Sergey Lavrov...
- Under another scenario, unilateral actions will be taken to set up alternative routes based on bilateral agreements, particularly for Ukrainian agricultural supplies via the Danube
- The third, an only 'viable option', envisages a revival of the grain deal "as soon as certain Russian concerns are removed".
Business
Etihad Cargo flight lands in Hubei
Hubei's Ezhou Huahu Airport is world's fourth professional cargo airport.
- Etihad Cargo's Boeing 777-200 freighter arrived in Ezhou on Friday, making the carrier the first international airline to operate flights to the airport.
- Equipped with a 23,000sqm cargo terminal and a 700,000sqm freight transit center, the airport serves as a gateway for air trade between China and the rest of the world.
Most Read
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
From climate action to global aid: Inside UAE’s remarkable year
Abu Dhabi, UAE -- The UAE is bidding farewell to 2023, dubbed the ‘Year of Sustainability'. From hosting the relatively...
YEARBOOK 2023
Company News
MIS net profit $7.1m in 9M 2023
Business
Latest News
Dana Gas 9M net profit $126m
Business
Amlak Q3 net profit AED $73m
Business
Jeddah Program named cultural destination of FIFA Club World Cup
Riyadh, Saudi Arabia -- The Historic Jeddah Program has secured sponsorship rights as the official cultural destination and main supporter...
Arts & Culture
$9.9bn transport investments boost Qatar’s logistics efficiency
Dubai, UAE -- Qatar Chamber has underscored Qatar's significant strides in the transport sector, positioning the nation as a formidable...
Business
Saudi oil and non-oil exports fall by above 17 percent in Sept
Dubai, UAE -- Saudi Arabia’s oil exports fell by 17.1 percent (SAR 17.2 billion or $4.58 billion) in September, mainly...
Business
Most Read
Business
UAE owns 40% of aircraft fleet in Arab region, says ACAO official
Dubai, UAE -- The United Arab Emirates (UAE) holds nearly 40 percent of the aircraft fleet in the Arab region,...
- UAE's aviation sector enjoys global confidence regionally and internationally, competing with major airlines in Europe and North America, said Abdennabi Manar.
- Manar anticipated that the UAE aviation sector would continue its upward growth trajectory, aligning with the substantial growth witnessed in the Arab aviation sector.
Business
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...
- Key mediator Qatar, Israeli PM, US President Joe Biden and Hamas leader Ismail Haniyeh say a deal on the release of Palestinian prisoners and Israeli hostage likely to materialize.
- Fifty-three journalists and media workers have been killed in the latest Gaza conflict, according to a tally by the Committee to Protect Journalists (CPJ).
Business
Sustainable aviation fuel production lags behind demand: IATA official
Dubai, UAE -- The current production of sustainable aviation fuel (SAF) represents less than 1 percent of the sector's demand,...
- The current production of sustainable aviation fuel (SAF) represents less than 1 percent of the sector's demand.
- Al-Eisawi also noted that global travel has recovered more than 97 percent of pre-pandemic levels, exceeding 100 percent in the Middle East region.