Turkey central bank cuts rate to 42.5% as inflation eases
Istanbul, Turkey - Turkey's central bank on Thursday lowered its key interest rate for a third consecutive time as inflation...
Economy
PKK declares ceasefire with Turkey after 40 years of armed struggle
Istanbul, Turkey - Outlawed Kurdish militants on Saturday declared a ceasefire with Turkey following a landmark call by jailed PKK...
Business
AD Ports Q2 revenue grows 66%
The company attributed growth to increased volume across key sectors.
- On a like-for-like basis (LFL), which excludes the impact of M&A activity, the revenue growth was still significant, reaching 44 percent YoY
- The growth drivers were primarily the Maritime Cluster with a substantial 208 percent YoY increase, followed by the Digital Cluster with 26 percent
Science
Two UAE astronauts conduct spacewalk training at NASA’s neutral buoyancy lab
Houston, United States - As part of NASA’s 2021 astronaut candidate class training programme, Emirati astronauts Nora Al Matrooshi and...
- AlMatrooshi and AlMulla’s training in the NBL, the world's largest indoor pool used for simulated spacewalk is a crucial phase on the way to completing their astronaut training
- Spacewalks are a cornerstone of both current and future space exploration missions, making the Emirati astronauts training at the NBL vital to their future role in space missions
Geostrategy
Russia open to defense cooperation with several countries, says Putin
Moscow is open to equal defense cooperation with all nations seeking to protect their interests, Russian President Vladimir Putin said...
- The Russian leader stressed that the forum had earned recognition as one of the world’s largest exhibitions of advanced military equipment.
- Putin said the event makes a significant contribution to the development of Russia’s multifaceted ties with other countries.
Economy
Saudi Arabia to introduce stricter labour fines, penalties to ensure workers’ rights
Riyadh, Saudi Arabia - The Saudi Ministry of Human Resources and Social Development (MHRSD) is set to introduce a system...
- The companies will face fines for infringements, including the employment of foreign workers without proper permits and disregard for health and safety protocols
- Fines ranging from $400 to $1,333 will be slapped for non-compliance with official health and safety regulations, coupled with inadequate measures to protect workers
Niger regime vows to prosecute deposed president for ‘high treason’
The regime said it had gathered evidence that it would use "to prosecute the deposed president and his local and...
- Bazoum has been held in his presidential residence along with his son and wife since the day of the coup
- Military leaders said they had not taken over Bazoum's residence and that he was still free to communicate with the outside world
Water flows from Turkey improve after pact: Iraq minister
Baghdad, Iraq - The water flows from Turkey to Iraq have improved at a rate of 500 m3 per second...
- The crisis affects Iraq from north to south, and is not limited to the cities of the center and south, Aoun Diab said
- The water file in Iraq has become critical, but with good management, it is possible to overcome the crisis, he added
Geostrategy
UAE didn’t supply arms, ammunition to warring parties in Sudan: official
The UAE, a senior official in foreign ministry said, has consistently supported the political process and efforts to achieve national...
- Afra Al Hameli, a senior UAE official said, that the country supports a peaceful resolution to the ongoing turmoil in Sudan while also respecting its sovereignty
- She added that that since the beginning of the conflict, the UAE has called for de-escalation, a ceasefire and the initiation of diplomatic dialogue
Geostrategy
In favor of Iran joining BRICS, says South Africa
TEHRAN, IRAN – Pretoria fully supports Tehran joining BRICS, South African President Cyril Ramaphosa said at a meeting with Iranian...
- The South African president supported Tehran’s desire to join the group at a meeting with the Iranian foreign minister.
- Pretoria expressed the hope that during the visit of the Iranian President to South Africa, several pacts would be signed between the two countries.
Arts & Culture
Rise of the machines: AI spells danger for Hollywood stunt workers
The lack of guarantees over the future use of AI is one of the major factors at stake in the...
- The rise of AI means cheaper and more powerful techniques are being explored to create highly elaborate action sequences such as car chases and shootouts
- Stunt work, a time-honored Hollywood tradition that has spanned from silent epics through to Tom Cruise's latest "Mission Impossible," is at risk of rapidly shrinking
Geostrategy
Australia resumes use of term “Occupied Palestinian Territories”
Dubai, UAE - In a significant policy shift, the Australian government has announced its decision to reinstate the term "Occupied...
- This policy shift marks a departure from Australia's previous reluctance to use the term "occupied" or "occupation" since 2014
- As the Australian government adjusts its foreign policy stance, it continues to express support for Israel
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
Turkey central bank cuts rate to 42.5% as inflation eases
Istanbul, Turkey - Turkey's central bank on Thursday lowered its key interest rate for a third consecutive time as inflation...
Economy
Company News
Latest News
Gold hovers near a month high on slowing US inflation
ABU DHABI, UAE- Gold prices hovered near a month high on Friday after data suggested easing US price pressures, while...
Business
UAE real estate sector transforms with cross-border payments revolution
Dubai, UAE - Leading financial institutions are spearheading a transformative wave in the UAE real estate sector through the introduction...
Most Read
Business
Abu Dhabi residential sector achieves record growth in 2023, says report
ABU DHABI, UAE - Abu Dhabi’s residential sector has witnessed one of the best years on record, where a total...
- The increase in demand for residences has been driven by several positive initiatives and announcements by the government.
- Off-plan transactions accounted for approximately 84 percent of all villa and townhouse transactions.
Business
Singapore’s Petrozo Energy setting up Sharjah base to target Middle East
Sharjah, UAE – Petrozo Energy, a leading Singapore-based oil and gas company, has announced a plan to establish a new...
- Petrozo operates a global network with offices across Indonesia, India, Thailand, the UAE, Hong Kong, Bangladesh, the USA and other countries
- The company is renowned for its extensive portfolio, producing a variety of products including fuel oils, petrochemicals, bitumin and naphtha
Economy
Abu Dhabi sees 67% annual rise in number of AI company registrations
Abu Dhabi, UAE - The number of AI companies registered in Abu Dhabi grew at a compound annual rate of...
- The study highlights on Abu Dhabi’s ambitions to maximize the benefits of utilizing AI systems, applications, technologies, and solutions
- In recent year, Abu Dhabi Chamber has adopted innovation and digital transformations and implemented supportive policies