Saudi Arabia says no Israel normalization without Palestinian state
Riyadh, Saudi Arabia - Saudi Arabia said Wednesday it will not formalize ties with Israel unless a Palestinian state is established,...
Geostrategy
Trump pledges historic tax cuts, investment growth, oil price action, and Ukraine peace effort at Davos 2025
The newly inaugurated president remarked that he would “like to meet with President Putin soon” and “get the war ended,”...
Business
AllianceBernstein office in DIFC
DIFC provides a platform for AB to expand its wings.
- AB is the latest of an influx of global asset management firms to open regional offices in DIFC.
- The premises will give investors across the region, including institutional clients, distribution partners.
Business
RAKEZ inks MoU with ICFA to foster trade in food, agriculture
RAS AL KHAIMAH, UAE - Ras Al Khaimah Economic Zone (RAKEZ) and the Indian Chamber of Food and Agriculture (ICFA)...
- This alliance seeks to create opportunities for knowledge exchange, trade promotion, investment, and research and development collaboration.
- The agreement is set to facilitate promotional activities for trade, market access, and business matchmaking opportunities between UAE and India.
Science
Google to add seven new features for Google Chat
WASHINGTON, US- Google revealed seven new features to be added to Google Chat, a communication and collaboration tool, to enhance...
- One of the standout features coming to Google Chat is "Smart Compose," a familiar function from Gmail.
- Smart Compose offers auto-complete suggestions while typing, allowing users to swiftly complete sentences by swiping or pressing the tab key.
Research
Drug use disorders surge 45% to 39.5m individuals: World Drug Report
New York, US - The number of people suffering from drug use disorders has surged by 45 percent over the...
- The report highlights a substantial increase in global drug usage, with over 296 million people having used drugs in 2021, marking a 23 percent rise compared to the previous decade
- One concerning finding is that the global estimate of people who injected drugs in 2021 stands at 13.2 million, an 18 percent increase compared to previous estimates
Arts & Culture
UAE prepares for upcoming 3-Day weekend to celebrate Islamic New Year
Dubai, UAE - The United Arab Emirates (UAE) is gearing up for its next public holiday, as residents anticipate the...
- The upcoming holidays are highly anticipated. following the recent extended Eid Al Adha vacation, which provided a six-day break and marked the longest holiday of the year
- It presents another chance for people to spend quality time with family and friends, explore local attractions, or embark on short getaways within the country
Business
Saudi Arabia, UAE allocate $6bn to support their operations in Iraq
Baghdad, Iraq - Saudi Arabia and the UAE have allocated $6 billion to support their operations in Iraq, the Federation...
- The FICC's president Abdul al-Razzaq al-Zuhairi emphasized the need for adhering to World Bank standards in the management of import and export of goods
- Al-Zuhairi further elaborated on the role of the federation in establishing business councils and finalizing agreements, such as the one reached with Saudi Arabia and the UAE
Business
AD Ports Group buys logistics services provider Noatum for $0.72bn
Abu Dhabi, UAE - AD Ports Group on Sunday announced that it has acquired Noatum, a global integrated logistics services...
- The acquisition has received approvals from all regulatory bodies, including from Spanish Authorities, after it attained clearance from the European Commission earlier this year
- The Spain-headquartered company generated revenue and EBITDA of AED 6.4 billion ($1.74 billion)) and AED 448 million ($122 million) in the last twelve months
Business
Sharjah’s literary organization SILA gets new director
SHARJAH, UAE - Sharjah International Literary Agency (SILA) has named one of UAE’s top publishing executives, Tamer Said, its next...
- Since its creation in 2020, SILA has boosted communication between publishers, authors, translators, illustrators and other stakeholders.
- SILA also ensures publishers’ and writers’ rights are protected and stimulates the Arabic publishing market.
‘Agenda 47’: What Trump has promised if he wins in 2024
Trump wants to launch "a great beautification campaign" to improve US cities, making the streets more pleasant for ordinary Americans....
- The former president and frontrunning Republican candidate for 2024 has explained in speeches and a series of "Agenda 47" policy videos how he would govern
- Often thin on detail, the eye-catching pronouncements form the backbone of a platform that Trump says will "make America great and glorious again."
Business
Masdar investing $1.26bn in British battery storage
London, UK - Masdar, the UAE’s renewable energy company, has committed to invest £1 billion in British battery storage, following...
- Masdar has partnered with Octopus Energy to license its technology platform, Kraken, to manage its battery portfolio at low cost and with maximum efficiency
- The company owns stakes in London Array, one of the world’s largest offshore wind farms, and Hywind Scotland, the world’s first commercial-scale floating wind farm
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
Saudi Arabia says no Israel normalization without Palestinian state
Riyadh, Saudi Arabia - Saudi Arabia said Wednesday it will not formalize ties with Israel unless a Palestinian state is established,...
Geostrategy
Company News
Latest News
Saudi Arabia extends online services to help foreign firms set up regional hqrs in kingdom
Riyadh, Saudi Arabia - Saudi Arabia's Ministry of Commerce has announced the provision of online services for foreign companies looking...
Economy
Saudi Arabia enacts law to safeguard whistle-blowers and witnesses
Riyadh, Saudi Arabia - Saudi Arabia on Tuesday granted approval for the law for the protection of whistleblowers, witnesses, experts,...
Economy
UAE residents anticipate full electric and hybrid vehicle takeover in coming years: survey
Dubai, UAE - About 63% of respondents in the UAE plan to make EVs their primary mode of transport by...
Business
Most Read
Newly restored tomb of Neferhotep in Luxor opens to tourists
Cairo, Egypt -- After more than two decades of restoration, the tomb of Neferhotep, a high-ranking 18th dynasty senior official...
- The tomb was opened during a ceremony by Mostafa Waziry, Secretary-General of the Supreme Council of Antiquities
- A mission from Buenos Aires University was responsible for recording the tomb’s epigraphic and archaeological aspects
Business
MODON attracts US$34m investment to develop military industry in Saudi Arabia
RIYADH, SAUDI ARABIA - The Saudi Authority for Industrial Cities and Technology Zones (MODON) has attracted new investments worth US$34...
- This will be used to localize military aircraft industries, including drones and provide repair, maintenance and overhaul services for ships.
- Securing such capital is one of the authority's objectives and seeks to promote investment opportunities in industrial cities.
Business
ESG 2023 net profit at US$187m
The firm posted a year-on-year net profit rise of 316 percent.
- ESG’s total assets witnessed a massive rise, standing at US$833 million.
- This is a significant 168 percent growth compared to December 2022.