Israel blocks humanitarian aid to Gaza as ceasefire’s first phase ends, sparking global outrage
Truce mediators Egypt and Qatar accused Israel of blatantly violating the ceasefire deal by halting the aid, a move left trucks...
Geostrategy
Microsoft retires Skype, the online voice and video call pioneer
San Francisco, United States - Microsoft on Friday announced it was retiring Skype, the online voice and video call pioneer...
Science
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
Geostrategy
Five key factors influencing potential Israel-Saudi diplomatic deal
Riyadh, Saudi Arabia - In recent days, speculation has grown about the Biden administration's attempts to broker a normalization agreement...
- One important component of the discussions is to boost US-Saudi ties in multiple areas, including security and civilian nuclear cooperation
- Saudi Arabia seems less likely to move as quickly as the United Arab Emirates, Bahrain, and Morocco did in the Abraham Accords, for a range of reasons
Business
Dubai records 2.6bn in weekly real estate transactions
Dubai, UAE - A total of 3,103 real estate and properties transactions valued at approximately $2.64 billion in total were...
- The weekly DLD report noted that 235 plots were sold for about $609 million, 2,302 apartments and villas were sold for approximately $1.57 billion
- Madinat Hind 4 recorded the most transactions for this week, with 72 sales transactions worth roughly $28.17 million
Business
Luxury real estate boom in Ras Al Khaimah’s waterfront districts
Ras Al Khaimah, UAE - The existing and upcoming waterfront and island developments in Ras Al Khaimah have witnessed a...
- Apartments for sale in Al Hamra Village have recorded an increase of over 4% in average price-per-square-foot
- With an excellent ROI of 11.61%, the apartments for sale in Yasmin Village offered the best rental yields
Business
Emaar reports 15% profit growth in H1 2023
The company achieved property sales of $5.5bn in the period.
- Recurring revenue records growth of 11% in H1 2023, supported by increased tenant sales and robust tourism recovery
- S&P, Moody's, and Fitch upgraded Emaar's Credit Ratings to BBB, Baa2 and BBB, respectively, with a stable outlook
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
Israel blocks humanitarian aid to Gaza as ceasefire’s first phase ends, sparking global outrage
Truce mediators Egypt and Qatar accused Israel of blatantly violating the ceasefire deal by halting the aid, a move left trucks...
Geostrategy
Company News
Latest News
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...
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...
Business
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...
Economy
Most Read
Business
Bitcoin surpasses $57,000 as crypto rally remains strong
Dubai, UAE - The price of Bitcoin on Tuesday surged past $57,000, demonstrating the continued strength of the cryptocurrency market...
- The rise follows Bitcoin's climb above $54,000 on Monday, a milestone not reached since December 3, 2021
- The cryptocurrency has been experiencing a bullish trend since January 11, when the US Securities and Exchange Commission approved spot Bitcoin ETFs
Geostrategy
Zelenskyy in Saudi Arabia to discuss war; meets Mohammed bin Salman
RIYADH, SAUDI ARABIA - President of Ukraine Volodymyr Zelenskyy and his accompanying delegation arrived here on Tuesday. The Ukrainian President...
- At the Royal Terminal in King Khalid International Airport, Zelenskyy was received by the Deputy Governor of Riyadh Region and other senior officials.
- The 10th Saudi relief plane operated by King Salman Humanitarian Aid and Relief Center (KSrelief) reached a Polish airport, close to the Ukrainian border.
Business
UAE announces US$2,722 penalty for late corporate tax registration
ABU DHABI, UAE – The Ministry of Finance on Tuesday announced the issuance of Cabinet Decision No. 10 of 2024...
- A penalty of US$2,722 (AED10,000) will be imposed on businesses that do not submit their Corporate Tax registration applications on time.
- The penalty was implemented to prompt taxpayer compliance with laws through timely corporate tax registration.