Trump doubles down on Gaza shock plan, says Israel will turn over the territory to US
Trump said that by the time of the handover, Palestinians "would have already been resettled in far safer and more...
Geostrategy
WEF25: Saudi delegation calls for nations to put “greater good” first
The international community must prioritize cooperation and dialogue to overcome the challenges of a fragmented world, the Saudi delegation to...
Economy
Arrangements hailed as pilgrims leave Saudi Arabia after Hajj
On Friday, two days after the last major ritual, tens of thousands of people packed roads and boarded buses out...
- This year over 1.8 million worshippers performed the hajj, which is one of the five pillars of Islam and is among the world's largest religious gatherings
- This year's attendance figures marked a dramatic increase on the 926,000 from last year, when numbers were capped at one million following the Covid-19 pandemic
Business
UAE, Armenia non-oil trade reaches $1.53bn in 2022
Yerevan, Armenia – Non-oil trade volume between the UAE and Armenia reached $1.53 billion in 2022, with a growth rate...
- The UAE is the top trading partner for Armenia in the GCC in 2021, accounting for 90 percent of Armenia's total trade with GCC countries
- The total UAE non-oil exports to Armenia amounted to almost $229 million in 2022, with a growth rate of 245 percent compared to 2021
Geostrategy
France, UAE share vision to shift towards clean energy
PARIS, FRANCE - French Minister of Foreign Trade Olivier Becht said his country and the UAE share a common vision...
- The UAE and his country are working together on low-carbon energy solutions, the French minister said.
- The minister highlighted the rising number of natural disasters globally caused by climate change.
Canada, others to seek damages from Iran at UN court over downed jet
On Wednesday, Iran took Canada to the Hague-based International Court of Justice, the UN's top tribunal, accusing Ottawa of allowing...
- Iranian forces shot down Ukraine International Airlines flight PS752 shortly after takeoff from Tehran on January 8, 2020, killing all 176 people on board
- Canada, Britain, Sweden and Ukraine - which had a number of citizens on board - have been seeking reparations on behalf of victims' families
Economy
IMF and Pakistan reach $3 billion stand-by deal
Pakistan's negotiations with the IMF for the last tranche of a $6.5 billion bailout package agreed in 2019 stalled in...
- The economy has been stricken by a balance-of-payments crisis, while months of political chaos have scared off potential foreign investment
- Inflation has rocketed, the rupee has reached a record low against the dollar, and the country can no longer afford imports
US to sell $440m in ammunition, parts to Taiwan
Taiwan's defense ministry on Friday welcomed the planned sale for "providing the need for enhancing our defense capacity as well...
Business
Gift purchases for MENA men to increase by 25% in 2023: study
Dubai, UAE - There will be a 25 percent increase in gift purchases for men in 2023 in the MENA...
- The rise in sales has been attributed to several factors such as the long-standing tradition of gift-giving as part of the celebrations, thereby driving the demand for gifts
- The introduction of new product categories specifically tailored to male recipients, including confectionery, live plants, perfume, and coffee also played a role
London Climate Action week: COP28 President-Designate urges investors to fund climate technology
London, Britain - In Britain to attend London Climate Action Week 2023, COP28 President-Designate, Dr. Sultan Al Jaber, urged investors...
- Dr Sultan Al Jaber also visited Octopus Energy and its founding CEO, Greg Jackson, in their London headquarters
- They discussed the latest technologies that support the rollout of renewable energy and storage solutions
Geostrategy
UAE Head of Cyber Security leads delegation to conference in Israel
ABU DHABI, UAE - Dr. Mohamed Al Kuwaiti, Head of Cyber Security for the Government, led a high-level UAE delegation...
- The UAE delegation met with the stakeholders in the Israeli cyber ecosystem including investors and top experts.
- The visit provided valuable insights into the latest global trends in cybersecurity and allowed the participants to explore potential collaborations.
Economy
Gulf oil states on a charm offensive across South Pacific
The Pacific bloc represents 12 of 55 votes in the United Nations' Asia-Pacific region, which also includes Saudi Arabia and...
- Saudi Arabia and the United Arab Emirates - two of the world's biggest crude oil producers - have been ramping up efforts to shed their reputations as global climate laggards
- Both have been lavishing money and attention on small, isolated and often indebted Pacific nations, where rising sea levels are already creeping up on low-lying coastal communities
Trump doubles down on Gaza shock plan, says Israel will turn over the territory to US
Trump said that by the time of the handover, Palestinians "would have already been resettled in far safer and more...
Geostrategy
Company News
Latest News
Riyadh Season opens registration for SEVEN Concours 2024 global car auction
Riyadh, Saudi Arabia - The Riyadh Season has announced the commencement of registration for the SEVEN Concours 2024 exhibition, the...
Business
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...
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...
Business

Most Read
Business
Polestar 3, the electric SUV, hits the streets of the UAE
Dubai, UAE – Al-Futtaim Electric Mobility Company, the official distributor of Polestar in the UAE, have announced the official launch...
- Featuring a unique design language inspired by Polestar Precept and Scandinavian minimalism, Polestar 3 is a fully electric 5-seat luxury SUV
- Polestar 3 is available at launch with a dual-motor configuration with a power bias towards the rear, and an optional Performance Pack for increased power and torque
Business
61 contracts worth $7billion signed at World Defense Show in Riyadh
Riyadh, Saudi Arabia - About 61 purchase contracts totaling approximately SR26 billion ($6.93 billion) were signed at the second World...
- The event, featuring 773 exhibitors and hosting 441 official delegations from 116 countries, attracted 106,000 visitors
- Throughout the show, a total of 73 agreements were finalized, including 17 industrial partnership agreements
Business
DMCC witnesses 10 percent rise in US companies in 2023
DUBAI, UAE – DMCC successfully concluded its most recent Made for Trade Live tour of the US, hosting events in...
- DMCC sees opportunity for American businesses in Dubai after the success of the latest Economic Policy Dialogue held between the US and UAE
- The events saw 100 American executives attend in which speakers advised on the opportunities on offer to American businesses in the UAE

