UAE, France discuss bilateral ties, sign AI cooperation deal
Paris, UAE - UAE President Sheikh Mohamed bin Zayed Al Nahyan and French President Emmanuel Macron of France explored various...
Geostrategy
Davos2025: 33 industrial clusters from 16 countries commit to economic growth, jobs creation and emissions cuts
The Transitioning Industrial Clusters initiative aims to improve collaboration and develop a shared vision among co-located companies and public institutions,...
Economy
Science
Sultan Al Neyadi takes part in Dreams experiment aboard ISS
DUBAI, UAE - The Mohammed Bin Rashid Space Center (MBRSC) on Sunday announced the successful execution of the Dreams experiment...
- The experiment was conducted in collaboration with the European Space Agency, French space agency CNES and Toulouse University Hospital.
- The Dreams experiment is to investigate the sleep patterns of astronauts in the microgravity environment on the ISS.
Economy
UNDP says over US$14bn needed to mitigate global surge in poverty
NEW YORK, US – In the last three years, poverty rates in low-and lower-middle-income countries have surged, with the number...
- UNDP has called for adaptive social protection and a debt-poverty pause to redirect debt repayments toward critical social expenditures.
- Almost all of these financially hit people live in low - and lower-middle-income economies, with the poorest 20 percent in low-income countries
Economy
Consumer Price Index in Qatar decreases by 0.10% in June
Doha, Qatar - The Consumer Price Index (CPI) in Qatar reached 105.71 points, showing a decrease of 0.10 percent when...
- In June 2023, the CPI experienced some notable changes when compared to May 2023
- An increase of 2.49 percent was recorded in the CPI of June 2023 when compared to that of June 2022
Geostrategy
Tensions lurk behind facade of Gulf Arab detente: Crisis Group
Dubai, UAE - Six years after imposing a comprehensive blockade on Qatar, Saudi Arabia, the United Arab Emirates (UAE), and...
- The roots of the Gulf dispute stemmed from Qatar's foreign policy, which was viewed as a threat by Saudi Arabia, the UAE, Bahrain, and Egypt
- While the four-year blockade of Qatar may be over, deep-seated fault lines remain, and new ones are emerging
Economy
Modi’s visit: India, UAE sign pact to trade in local currencies
Abu Dhabi, UAE - The Central Bank of the UAE (CBUAE) and the Reserve Bank of India (RBI) on Saturday...
- CBUAE and RBI aim to develop the foreign exchange market, facilitate bilateral trade, encourage direct investment, and facilitate financial transfers
- The pact enables acceptance of local cards in both countries for ATM cash withdrawals and direct point-of-sale purchases without relying on external payment networks
Air pollution concerns on rise in Arab world: Report
Recent global data indicates an alarming rate of pollution in several Arab countries, with Lebanon, Egypt, and Saudi Arabia among...
- Lebanon and Egypt, two Arab countries, feature in the top 15 most polluted nations in the world
- Saudi Arabia ranks 51st, while UAE stands 78th, pointing to pollution challenge in the GCC countries
Geostrategy
Indian PM Modi arrives in UAE after his France visit
Dubai, UAE - India’s Prime Minister Narendra Modi arrived in Abu Dhabi today for the final leg of his two-nation...
- Indian PM is scheduled to meet with UAE President Sheikh Mohamed bin Zayed Al Nahyan and conduct a comprehensive review of the progress in bilateral relations
- The visit comes after his two-day visit to Paris, where Modi participated in the Bastille Day parade as the Guest of Honour alongside French President Emmanuel Macron
Business
Demand for Shariah-compliant financing in UAE grows 4.9% in 2022
Abu Dhabi, UAE - UAE Islamic banking sector assets witnessed steady growth in 2022, accounting for 23.0 percent of the...
- The UAE Islamic banking sector assets expanded 8.3 percent to $230.2 billion in 2022
- The UAE banking system comprises eight Islamic banks and 17 Islamic windows by conventional banks
Business
Saudi Arabia’s robotics commercial records rise by 52% in Q2
Riyadh, UAE - Commercial registrations in Saudi provinces for the robot technologies sector increased by 52 percent by the end...
- According to the Ministry of Commerce's recent business sector bulletin, Riyadh City topped Saudi provinces in the issuance of commercial registrations for the sector
- Robotics is one of the Kingdom’s promising sectors and is among the opportunities listed by Saudi Arabia’s Vision 2030 for the business sector
Economy
UAE one of fastest-growing economies in 2022: CBUAE
Abu Dhabi, UAE - The UAE’s real GDP growth accelerated during 2022 due to a robust recovery in non-oil GDP...
- The growth came despite higher inflation, tightening financial conditions and continued geopolitical tensions
- It was boosted by the removal of most COVID-19-related curbs and a recovery in global travel and the tourism
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UAE, France discuss bilateral ties, sign AI cooperation deal
Paris, UAE - UAE President Sheikh Mohamed bin Zayed Al Nahyan and French President Emmanuel Macron of France explored various...
Geostrategy
Company News
Latest News
35 Jordanian companies to participate in Gulfood 2024 in Dubai
AMMAN, JORDAN – A total of 35 Jordanian companies are taking part in Gulfood 2024, the world's largest annual food...
Business
Abu Dhabi Judicial Department’s Auction App generated $925m in property sales
Abu Dhabi, UAE - Since its launch in June 2022 through mid-February 2024, the Abu Dhabi Judicial Department's (ADJD) Auction...
Business
Extreme E races for electric SUVs 2024 kick off in Jeddah
Jeddah, Saudi Arabia - Organized by the Saudi Arabian Cycling Federation under the supervision of the Ministry of Sport, the...
Business
Most Read
Economy
Saudi Arabia ranks 1st in international tourist arrivals growth in 2023
Riyadh, Saudi Arabia - Saudi Arabia topped the UN Tourism’s ranking for the growth of international tourist arrivals in 2023...
- The kingdom recorded a remarkable tourism recovery rate of 156% in international tourist arrivals in 2023 compared to 2019, the report revealed
- Saudi Arabia set a record in international tourist receipts, with total spending exceeding SAR 100 billion ($27 billion) for the first three quarters of 2023
Geostrategy
Iran, Armenia eye $3 billion bilateral trade volume
Tehran, Iran – Deputy Prime Minister of Armenia Mher Grigoryan on Thursday said that Iran and Armenia have the potential...
- Grigoryan made the remarks during the 18th meeting of the Iran-Armenia Joint Economic Commission where he also described Iran as “a very important partner.”
- The 18th meeting of the Iran-Armenia Joint Economic Commission was held on February 14-15 in Tehran to further foster economic ties between the two countries
Geostrategy
Israel faces fresh US calls against attack on Rafah
Palestinian Territories - Israel faced renewed calls from key ally the United States on Friday against launching a large-scale attack...
- Israeli Prime Minister Benjamin Netanyahu has insisted he would push ahead with a "powerful" operation in the overcrowded city to achieve "complete victory" over the Hamas
- The White House said US President Joe Biden had spoken by phone with Netanyahu late Thursday, urging him not to carry out an attack on Rafah without a plan to keep civilians safe