Search Site

Trends banner

TSMC first-quarter net profit soars

Its net revenue for the quarter soared nearly 42%.

Tesla’s first Saudi showroom opens

The opening in Riyadh comes with Tesla sales dropping.

Mubadala Energy enters US energy market

Acquires a 24.1% interest in US firm Kimmeridge’s SoTex

Borouge to increase dividend from 2025

The company okayed $650 million final dividend for 2024.

TikTok’s US future uncertain

It must find non-Chinese owner to avoid ban.

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

Hamas sees ‘positive’ signs for ceasefire talks as Israel cuts Gaza electricity, blocks aid flow

In a statement, Netanyahu's office said that Israel had accepted an invitation from US-backed mediators and would "send a delegation...

Latest News

WEF’s risks report 2025: Rising geopolitical tensions, environmental threats, disinformation dominate future threats

A survey of over 900 experts reveals state-based armed conflict as the most pressing global risk for 2025, driven by...

Social media’s evolving role in GCC spotlighted at Doha conference

Doha, Qatar – The Qatar Investment and Innovation Conference, held on Wednesday, at Barahat Msheireb in Msheireb Downtown Doha, brought...

Israel, Hamas ceasefire begins Sunday, includes hostage deal, phased Israeli withdrawal, more aid for Gaza

The deal, brokered by the U.S., Egypt, and Qatar, includes Hamas releasing 33 hostages and Israel freeing hundreds of Palestinian...

Most Read

UAE’s satellite, developed by Emirati engineers, launched from California to aid disaster relief and earth observation

With cutting-edge features like high-resolution imaging and electric jet propulsion, MBZ-SAT will enhance environmental surveillance, disaster management, and infrastructure monitoring,...
  • Named in honour of the President Sheikh Mohamed bin Zayed Al Nahyan, the satellite was announced in 2020 by Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum
  • MBZ-SAT marks a significant milestone in the UAE's satellite development journey, having been developed entirely by Emirati engineers at MBRSC

Creators HQ, X announce strategic partnership to produce authentic, meaningful content

Dubai, UAE - Creators HQ in the UAE, the world’s first international hub for the content economy’s creators and entrepreneurs,...
  • The collaboration aims to create purposeful, credible and quality global content that reinforces the UAE’s status as a leading hub for the creative economy
  • This initiative coincides with the 1 Billion Followers Summit, the world’s largest summit dedicated to the content creator economy,

Latifa bint Mohammed awards UK’s Simon Squibb with ‘One Billion Award’ at 1 Billion Followers Summit

Dubai, UAE - Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Chairperson of Dubai Culture and Arts Authority, presented the...
  • The award ceremony was held during the third edition of the 1 Billion Followers Summit, the world’s largest gathering dedicated to the content creator economy
  • Valued at US$1 million, the award stands as the world’s largest and most significant recognition for impactful content creators