22 killed in Israeli air strikes across Gaza
The Israeli military has stepped up its Gaza offensive in recent days in what it has described as a renewed...
Geostrategy
Real estate transactions in five UAE emirates reach $65 billion in Q1
Abu Dhabi, UAE -- Real estate transactions across five emirates in the UAE surged to over AED 239 billion ($65...
Business
Economy
Qatar’s non-energy private sector shows strong growth in 2024
Doha, Qatar – Qatar’s non-energy private sector recorded robust growth in the final months of 2024, according to the latest...
- The labour market was a key driver of this growth, with employment and wages increasing at record levels
- Employment saw substantial growth as companies sought to raise output, enhance services, and manage workloads
Geostrategy
UAE discusses temporary Gaza governance with US, Israel, seeks two-state solution assurance: report
Discussions led by the UAE include provisional administration, PA leadership overhaul, and Gaza reconstruction, requiring extensive international cooperation and adherence...
- According to sources familiar with the talks, the discussions include the UAE, the US, and other nations overseeing governance, security, and reconstruction of Gaza
- Israeli Prime Minister Benjamin Netanyahu had suggested that the UAE, Saudi Arabia, and other nations could assist in governing Gaza after the war
Economy
Saudi Arabia plans to sustain borrowing spree to fund major projects beyond oil: report
Saudi Arabia secured a $2.5 billion revolving credit facility from Abu Dhabi Islamic Bank, Credit Agricole SA, and Dubai Islamic...
- The National Debt Management Center (NDMC) has estimated Saudi Arabia’s funding needs for 2025 at 139 billion riyals ($37 billion)
- Saudi Arabia was one of the largest bond issuers among emerging markets in 2024, issuing $17 billion in international bonds
Economy
Dubai ranks among world’s top 10 cities in Global Power City Index for second consecutive year
Dubai, UAE - Dubai has been ranked eighth worldwide and first in the Middle East in the Global Power City...
- In an annual study released by Japan’s Mori Memorial Foundation, the index highlights Dubai’s role as a leader in innovation, economic dynamism, and global connectivity
- This achievement makes Dubai the only city in the Middle East to feature in the top 10, reaffirming its position as a major global hub for business, talent, and investment
Economy
UAE labour market transforms with AI revolution and growing demand for high-skill professions
The country is among the most attractive markets for skilled global professionals and talent, thanks to its competitive advantages, including...
- As 2025 begins, the UAE is expected to see a growing demand for highly skilled professionals, particularly in AI and fields leveraging AI technologies across various industries
- A 2024 report by Deel, a global HR management company, highlighted the UAE as the top choice for workers seeking work visas worldwide
Economy
Females make up 37.6% of the GCC population of 57.6 million
Muscat, Oman - The population of the six GCC countries reached 57.6 million in 2023, compared to 56.6 million in...
- The population density was 23.9 people per square kilometre, with the total area of the GCC countries amounting to 2.4 million square kilometres
- The Atlas revealed that the total workforce in the GCC countries reached approximately 33.1 million in 2023, compared to 30.3 million in 2022
Geostrategy
In a change of tone, Syria’s new leader urges US to pressure Israel for withdrawal
Julani’s appeal comes as Syria signals a shift in its diplomatic tone. Maher Marwan, Damascus’ new governor, told NPR that...
- The report, published by Kan 11, said that Israeli authorities have denied receiving any formal communication on the matter
- A senior security official has stated that Israel "will not compromise its security" in response to the alleged request
Geostrategy
US proposes $8B arms deal with Israel; Biden plans strikes on Houthis as Gaza aid faces Trump-era cuts
The US proposes an $8 billion arms deal with Israel, plans intensified strikes on Yemen's Houthis, while Israel considers cutting...
- According to sources cited by Axios, the arms deal requires formal approval from both the House and Senate committees
- A US official emphasized that the arms sale aligns with the administration’s commitment to Israel's security
Dakar Rally Saudi Arabia 2025 kicks off Friday with over 800 competitors
Riyadh, Saudi Arabia -- The Dakar Rally 2025, the largest and longest race in the world of motorsports, is set...
- Over 800 participants are poised for the fierce competition, which runs until January 17 and is organized by the Saudi Automobile & Motorcycle Federation
- . Participants will embark on an adventurous journey through the landscapes of Al Hanakiyah, AlUla, Hail, Al Dawadmi, Riyadh, and Haradh before heading to the last stop in Shubayta
Economy
Saudi Arabia records $5.6 billion trade surplus in October 2024 with 30% growth
Riyadh, Saudi Arabia - Saudi Arabia’s trade balance recorded a 30% monthly growth, achieving a surplus of SAR 20.769 billion...
- The Kingdom's total international trade volume reached SAR 164.794 billion ($43.51 billion) in October, reflecting a 2% growth
- Non-oil exports in October totaled approximately SAR 19.413 billion ($5.24 billion), representing 21% of total exports
22 killed in Israeli air strikes across Gaza
The Israeli military has stepped up its Gaza offensive in recent days in what it has described as a renewed...
Geostrategy
Company News
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Masdar issues $1bn bond
Business
‘Gentle giants’: World’s strongest men defy stereotypes
Sacramento, United States -- Eddie Williams is a schoolteacher from Monday to Friday and a wedding singer on weekends. In...
Arts & Culture
General Gulf inflation rate logs 1.7% by end of Dec 2024
Muscat, Oman -- The general inflation rate in the GCC countries rose by 1.7 percent at the end of December...
Business
Saudi airline resumes first Iran hajj flights since 2015
Riyadh, Saudi Arabia -- A Saudi airline has resumed flights for Iranian hajj pilgrims to the kingdom for the first...
Geostrategy
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Business
EGA advances plans to build new US aluminum plant
Abu Dhabi, UAE -- Emirates Global Aluminum, the largest ‘premium aluminum’ producer in the world, today announced the progression of...
- The plant is expected to have a production capacity of 600 thousand tons of primary aluminum per year.
- Some 85 per cent of the aluminum needs of American industries, from automotive to aviation and construction, are currently met by imports.
Geostrategy
Dbeibah calls on armed groups to align with state
Days of clashes in the capital have pitted an armed group aligned with the Tripoli-based government against groups it has...
- The country has remained deeply divided since the 2011 NATO-backed revolt that toppled and killed longtime leader Moamer Kadhafi.
- The recent fights have killed at least eight people, said the UN, while the authorities have yet to release an official tally.
Geostrategy
The US towns that took on ‘forever chemical’ giants — and won
Washington, United States -- No corner of Earth is untouched. From Tibet to Antarctica, so-called "forever chemicals" have seeped into...
- Tainting food, water and wildlife, these toxic substances have been linked to ailments ranging from birth defects to rare cancers.
- Yet if it weren't for the efforts of residents in two heavily impacted American towns, the world might still be in the dark.