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Airbus nets satellite deal

The $2.5bn contract was awarded by the German army.

Tesla Q2 auto deliveries surge

Deliveries still 4.7 percent down from a year ago.

Apple holds talks with rival Meta

The company to integrate Meta's generative AI into its products.

UBS-Credit Suisse merger completed

The fallen Credit Suisse AG legally ceases to exist.

Amazon to invest $17bn in Spain  

The investment will be made in data centers in Aragon region.

Canon Middle East, Dubai Business Women Council launch ‘Women Who Empower’ campaign

Canon Middle East and DBWC launch the 'Women Who Empower' campaign, offering training and opportunities for women in imaging and...
  • Aligned with this year's International Women's Day theme, "Inspire Inclusion," the campaign focuses on empowering women through a variety of platforms
  • These include webinars, mentorship opportunities, and networking events, aimed at showcasing their work and fostering their professional growth

Dubai SME, Danube Group partner to aid Emirati-owned SMEs

Dubai, UAE – Danube Group, a leading conglomerate in the Middle East and Dubai SME, a subsidiary of the Dubai...
  • The strategic partnership aims to attract private sector buyers from various industries, offering Dubai SME-listed members and suppliers a broader range of tender opportunities
  • By including private sector buyers, the program opens new avenues for growth and business expansion, enhancing the market reach for Emirati-owned SMEs

Economic outlook brightening but political risks loom large in 2024, say chief economists

Geneva, Switzerland – The latest Chief Economists Outlook released on May 29 presents a growing sense of cautious optimism about...
  • The survey reveals a boost in the outlook for the US, where nearly all chief economists (97%) now expect moderate to strong growth this year, up from 59% in January
  • Expectations for China are slightly less optimistic, with three-quarters expecting moderate growth and only 4% predicting strong growth this year

Saudi Arabia partners with Microsoft Arabia for AI use in media

Riyadh, Saudi Arabia - The Ministry of Media and Microsoft Arabia signed a memorandum of understanding (MoU) in Riyadh on...
  • The collaboration spans data analysis, machine learning, artificial intelligence, security and privacy solutions, and software and service development solutions
  • The MoU aims to enhance the media sector in Saudi Arabia, enabling it to contribute to the local economy and benefit from the advancements of artificial intelligence

SAMA Licenses ‘Hala Financing’ to provide crowdfunding solutions

Riyadh, Saudi Arabia - The Saudi Central Bank (SAMA) has licensed "Hala Financing" to provide debt-based crowdfunding solutions. With Hala...
  • With Hala Financing, there are now 11 authorized companies offering debt-based crowdfunding solutions in Saudi Arabia
  • The addition brings the total number of finance companies licensed and permitted by SAMA to 62, according to a SAMA news release

Saudi to bring in more tourists from the Caribbean with expanded eVisa program

Riyadh, Saudi Arabia – The Saudi Tourism Authority (STA), in collaboration with the Saudi Ministry of Tourism, has announced the expansion of...
  • Nationals of Caribbean can now apply for a visitor visa to Saudi either electronically or at the country’s international ports of entry
  • The program constitutes a key pillar in delivering the revised Vision 2030 target of attracting 150 million tourists

ATM 2024 in Dubai to host 2,300 exhibitors from 165 countries

Dubai, UAE - The 31st edition of Arabian Travel Mart, 2024, taking place from May 6 to May 9, is...
  • ATM 2024 has seen a 21% year-on-year increase in participating hotel brands, alongside a notable 58% rise in new Travel Technology products on display
  • New destinations will be introduced at ATM 2024, including China, Macao, Kenya, Guatemala, and Columbia, while returning countries include Spain and France, among many others

Ajman seeks strategic alliances at Arabian Travel Market 2024

Ajman, UAE - The Arabian Travel Market 2024 (ATM) kicks off in Ajman from May 6 to May 9, celebrating...
  • Ajman has witnessed a significant surge in tourism, reflecting its growing appeal and popularity among domestic and international travelers
  • International arrivals have seen a remarkable 29% increase in 2023 compared to 2022, with international visitors constituting 60% of Ajman's total arrivals

Saudi Arabia issues warning against fraudulent Hajj 2024 operators

Riyadh, Saudi Arabia - Saudi Arabia is warning potential Hajj pilgrims to be cautious of fake Hajj companies that may...
  • The Ministry of Hajj and Umrah has advised individuals to use the Nusuk app for registration, which is available in several countries
  • For those countries where the app is not available, the Ministry recommends registering through accredited companies

Despite sanctions, Iran oil exports hit six-year high: report

Tehran, Iran - Iran managed to sell an average of 1.56 million barrels per day during the first quarter of...
  • The success in oil exports highlights the challenges faced by the US and EU in their efforts to exert pressure on Tehran
  • Iran's Oil Minister Javad Owji stated that oil exports generated over $35 billion in revenue in the previous year

Chinese company to build Saudi Arabia’s first ocean park

Riyadh, Saudi Arabia - Haichang Ocean Park Holdings, China's largest ocean theme park operator, announced plans on Thursday to build...

Latest News

2 crew members killed as Saudi fighter jet crashes

An investigation into the cause of the recent accident has been initiated, with Maliki informing the Saudi Press Agency (SPA)...

FBI completes Rainbow Bridge car explosion, says it was traffic accident

According to witnesses, the car was running at a speed of more than 160 km/h. As a result, the car...

UAE to build 3 desalination plants to supply Gaza with water

Abu Dhabi, UAE - The UAE is building three desalination plants in Rafah to supply Gaza with water as part...

Kuwait City is the Middle East’s most polluted, Baghdad is next

Dubai, UAE - As New Delhi once again topped the list of the world’s most polluted cities, across the Middle...

Saudi national stopped at Delhi hotel lobby while trying to meet UAE President

New Delhi, India - A Saudi Arabian national attempted to gain access to a five-star hotel in Delhi where UAE...

Economic outlook brightening but political risks loom large in 2024, say chief economists

Geneva, Switzerland – The latest Chief Economists Outlook released on May 29 presents a growing sense of cautious optimism about...

Saudi Arabia partners with Microsoft Arabia for AI use in media

Riyadh, Saudi Arabia - The Ministry of Media and Microsoft Arabia signed a memorandum of understanding (MoU) in Riyadh on...

SAMA Licenses ‘Hala Financing’ to provide crowdfunding solutions

Riyadh, Saudi Arabia - The Saudi Central Bank (SAMA) has licensed "Hala Financing" to provide debt-based crowdfunding solutions. With Hala...

Most Read

ATM 2024 in Dubai to host 2,300 exhibitors from 165 countries

Dubai, UAE - The 31st edition of Arabian Travel Mart, 2024, taking place from May 6 to May 9, is...
  • ATM 2024 has seen a 21% year-on-year increase in participating hotel brands, alongside a notable 58% rise in new Travel Technology products on display
  • New destinations will be introduced at ATM 2024, including China, Macao, Kenya, Guatemala, and Columbia, while returning countries include Spain and France, among many others

Ajman seeks strategic alliances at Arabian Travel Market 2024

Ajman, UAE - The Arabian Travel Market 2024 (ATM) kicks off in Ajman from May 6 to May 9, celebrating...
  • Ajman has witnessed a significant surge in tourism, reflecting its growing appeal and popularity among domestic and international travelers
  • International arrivals have seen a remarkable 29% increase in 2023 compared to 2022, with international visitors constituting 60% of Ajman's total arrivals

Saudi Arabia issues warning against fraudulent Hajj 2024 operators

Riyadh, Saudi Arabia - Saudi Arabia is warning potential Hajj pilgrims to be cautious of fake Hajj companies that may...
  • The Ministry of Hajj and Umrah has advised individuals to use the Nusuk app for registration, which is available in several countries
  • For those countries where the app is not available, the Ministry recommends registering through accredited companies