UNRWA: Reconstructing Gaza Strip exceeds agency’s capabilities due to severe damage
Gaza, Palestine - The United Nations Relief and Works Agency for Palestine Refugees (UNRWA), confirmed today that the reconstruction process...
Geostrategy
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...
Geostrategy
Business
Saudi Al Hilal signs Senegal defender Kalidou Koulibaly
Riyadh, Saudi Arabia - Saudi Al Hilal club announced on Sunday the signing of Senegal defender Kalidou Koulibaly to join...
- Koulibaly scored two goals in 32 appearances in all competitions for Chelsea after joining them from Napoli last July.
- He is the second player moving to Al Hilal from the English Premier League after Portugal midfielder Ruben Neves signed from Wolves
Business
AD Ports Group, Premier Marine set up a JV SAFEEN Drydocks
ABU DHABI, UAE - AD Ports Group, a leading facilitator of global trade, logistics, and industry, and Premier Marine Engineering...
- AD Ports Group will own 51 percent of the joint venture and the remaining 49 percent by Premier Marine.
- The new enterprise will offer a broad range of vital services including drydocking, afloat repairs, ship building and refurbishment.
Business
Sharjah real estate transactions in May valued at US$653m
SHARJAH, UAE - The emirate's real estate activity during May 2023 logged a total value of US$653 million (AED 2.4...
- The report issued by Sharjah Real Estate Registration Department revealed that 3,540 transactions were recorded in various regions across the emirate.
- The report indicated that the real estate sector has maintained its leading position as a preferred choice for those wishing to buy or invest in Sharjah.
Economy
KSA outsources work worth US$693m for achieving Saudi Vision 2030
RIYADH, SAUDI ARABIA - The Minister of Human Resources and Social Development and Chairman of the Board of Directors of...
- The minister said by executing many projects, the non-profit sector has contributed to achieving national development.
- He said one of the achievements has been the development of the incorporation procedures of non-profit organizations within four days.
Geostrategy
Putin slams ‘treason’ as forces tackle Wagner revolt
After Putin's speech accusing him of treason, Prigozhin launched a second broadside. "On treason of the motherland: the president is...
- The rapidly escalating events mark the most serious challenge to the Kremlin chief's long rule, and Russia's most serious security crisis since the strongman came to power in l999
- Wagner chief Yevgeny Prigozhin, once a close Putin ally, said his troops had taken control of the military command centre and bases in the southern city of Rostov-on-Don
Business
Blockchain startup Metatime raises $25m in investment
New York, United States - Metatime, a blockchain technology company, has so far raised $25 million through crowdfunding, pre-sales, and...
- The investors included Yildiz Tekno Venture Capital Investment Trust, Yildiz Technical University Technopark, and telecommunications and financial institutions
- Metatime aims to integrate blockchain solutions into various sectors such as energy, tourism, insurance, CRM, advertising, cybersecurity, and virtual reality
United Arab Emirates University launches its COP28 roadmap
AL AIN, UAE - The United Arab Emirates University (UAEU) on Friday launched its plan of action leading up to...
- The roadmap has three major themes: Research and Innovation, Youth Empowerment, and Local and International Partnerships
- The focus of the initiatives is sustainable energy, waste reduction, and the reuse of natural resources.
Business
UAE banks’ total capital, reserves rise to US$118.5bn by April-end
ABU DHABI, UAE - Aggregate capital and reserves of banks operating in the UAE rose by 10 percent year-on-year (YoY)...
- National banks accounted for 86 percent of the total capital and reserves of banks operating in the UAE, which stood at US$102 billion by April-end.
- Share of foreign banks in aggregate capital and reserves of banks operating in the UAE settled at 13.6 percent, reaching US$ 16 billion by April-end.
Operation Triangulation: Your iOS device might be at risk
Dubai, UAE - A highly sophisticated malware, known as Operation Triangulation, has recently been unveiled, revealing the covert surveillance capabilities...
- The spyware operates discreetly, leaving no trace of its activities on the infected devices upon reboot
- TriangleDB, the implant deployed in devices, operates in the device's memory, erasing any evidence of its presence
Business
Riyadh Air orders 90 GEnx engines for Boeing 787 Dreamliners
Le Bourget, France - Riyadh Air has signed a deal for 90 GEnx-1B engines to power its new fleet following...
- The GEnx engine family has nearly 50 million flight hours since entry into service in 2011
- Riyadh Air was launched in March, and this marks the first engine partnership with GE Aerospace
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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
UNRWA: Reconstructing Gaza Strip exceeds agency’s capabilities due to severe damage
Gaza, Palestine - The United Nations Relief and Works Agency for Palestine Refugees (UNRWA), confirmed today that the reconstruction process...
Geostrategy
Company News
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Albilad Capital to pay dividend
Business
Saudi Crown Prince says will work for Gulf unity and prosperity of its people
Riyadh, Saudi Arabia — Saudi Crown Prince Mohammed bin Salman on Wednesday said he will make efforts to achieve the unity...
Economy
44% of workers’ core skills will be disrupted by 2027: WEF
The world of work is changing fast. By 2027, businesses predict that almost half (44%) of workers’ core skills will...
Economy
Saudi Arabia to US: No Israel ties until Palestinian statehood within 1967 borders
Riyadh, Saudi Arabia - Saudi Arabia on Tuesday explicitly conveyed to the United States its stance on diplomatic relations with...
Geostrategy
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Business
Sharjah Chamber posts growth in membership in 2023
SHARJAH, UAE - The Sharjah Chamber of Commerce and Industry (SCCI) has announced a series of significant achievements of the...
- The number of membership renewals in 2023 hit 55,087 across industrial, commercial and professional sectors.
- Free zone memberships stood at 1,795, while exports and re-exports were valued at approximately US$8.9 billion.
Business
Abu Dhabi Airports appoints Elena Sorlini as Managing Director and CEO
Abu Dhabi, UAE - Abu Dhabi Airports, the operator of Abu Dhabi's five commercial airports, has announced the appointment of...
- Since joining Abu Dhabi Airports, Sorlini has overseen the successful opening of Abu Dhabi International Airport's new state-of-the-art Terminal A
- Additionally, she has played an important role in maintaining the steady increase of passenger traffic numbers, which continue to experience year-on-year growth
Business
Jeddah Central Development Company signs 4 contracts worth $3bn
Jeddah, Saudi Arabia - The Jeddah Central Development Company, a company owned by the Public Investment Fund (PIF), signed four...
- The Jeddah Central Development Company will open the Jeddah Central destination to receive visitors at the end of 2027 from inside and outside the Kingdom
- The destination will include the Stadium, the Opera House and the Oceanarium, in addition to a sandy beach, a pier, a seafront promenade, and a marina