Israel, Hamas ceasefire begins Sunday, includes hostage deal, phased Israeli withdrawal, more aid for Gaza
The deal, brokered by the U.S., Egypt, and Qatar, includes Hamas releasing 33 hostages and Israel freeing hundreds of Palestinian...
Geostrategy
1 Billion Followers Summit: AI’s transformative role in content creation highlighted by YouTube, Meta, Duolingo
Dubai, UAE - The 1 Billion Followers Summit, the world’s largest event dedicated to the content creator economy, brought together...
Business
Economy
Foreign companies to pay Corporate Tax on immovable property income: UAE
Abu Dhabi, UAE - Foreign companies and other non-resident juridical persons will be subject to UAE Corporate Tax on income...
- The tax applies to both immovable property that is used in a business and the one that is held for investment purposes
- Non-resident juridical persons with UAE immovable property will be subject to Corporate Tax on a net-income basis
Business
Direct deal on Taaleem Holding Group shares nets $4.65m on DFM
Dubai, UAE -- Dubai Financial Market (DFM) saw on Monday a direct deal on 5.25 million shares of Taaleem Holding...
- The Group's share closed 7.78 percent higher at AED 3.6 after trading of more than 32 million shares at the value of AED 113.1 million ($31 million) through 1,608 deals
- National Bonds Company, a Sharia-compliant saving and investment company, announced its acquisition of an additional 5 percent stake in the Taaleem Holding Group
Economy
Qatar, UAE lead GCC in women participation, women catching up in Saudi
Dubai, UAE - Around 70 percent of top-performing teams in the GCC have a higher percentage of women, underscoring the...
- Saudi Arabia has seen the fastest pace of change, reaching 37 percent female participation in the first quarter of 2023
- The survey sheds light on the persisting gender biases and stereotypes that continue to hinder progress towards gender equity in the region
Lebanon MPs nominate IMF official for vacant presidency
On Sunday, lawmaker Mark Daou read a statement on behalf of a group of 32 legislators, endorsing Azour after weeks...
- There have been 11 parliamentary votes to try to name a new president, but bitter divisions have prevented anyone from garnering enough support to succeed Aoun.
- Crisis-hit Lebanon has been run by a caretaker government with limited powers since legislative elections in May 2022 resulted in no side with a clear majority
Business
‘AI adoption in UAE’s industries to propel economic diversification’
Abu Dhabi, UAE - The adoption of artificial intelligence (AI) is critical to propelling diversification of economic growth in the...
- The MBZUAI commencement ceremony celebrated 59 students graduating with a master's in computer vision (CV) and machine learning (ML), and natural language processing
- Guests and attendees gained insight into the exploration taking place at MBZUAI and the importance of these the projects utilising AI to solve humankind’s most pressing challenges
Opec+ to extend cuts in oil output into 2024 as prices flag
Vienna, Austria – OPEC+ has decided to adjust the level of overall crude oil production to 40.46 mb/d, starting 1...
- The United Arab Emirates will extend its voluntary cut of 144 thousand barrels per day until the end of December 2024
- Opec+ pumps around 40 per cent of the world’s crude, meaning its policy decisions can have a major impact on oil prices
Business
Middle Eastern Airlines post 38% rise in traffic in April 2023
Dubai, UAE - Middle Eastern airlines carriers posted a 38 percent increase in traffic in April compared to the same...
- With a capacity increase of 27.8 percent, Middle Eastern airlines accommodated the growing demand for air travel
- Total air travel reached 90.5 percent of pre-Covid levels, highlighting a significant rebound in passenger demand
‘Benzema and Messi to Saudi Arabia?’: Saudi minister’s comment fuels speculation
Riyadh, Saudi Arabia - Saudi Arabia's Minister of Sports, Abdelaziz Al-Faisal, has reportedly added fuel to the speculation surrounding Lionel...
- Messi has been offered an astronomical €600 million per season deal by Al-Hilal to join their team this summer, according to reports from Marca
- Benzema is said to have received a staggering €400 million offer from an undisclosed Saudi Arabian club, as the nation aims to bolster its bid for the 2030 FIFA World Cup
Science
AstraZeneca’s new cancer medication Imjudo launched in UAE
Abu Dhabi, UAE -- AstraZeneca has announced the launch of its revolutionary cancer medication, IMJUDO® (tremelimumab) in the UAE. The...
- UAE is one of the first countries in the Middle East to receive access to the medication that marks a significant advancement in the treatment of cancer
- Clinical trials have demonstrated the efficacy and tolerability of IMJUDO® in combination in various types of cancer, including metastatic non-small cell lung cancer
Geostrategy
Saudi Foreign Minister meets with Iranian counterpart on BRICS sidelines
Cape Town, South Africa -- Saudi Arabia Minister of Foreign Affairs, Prince Faisal bin Farhan bin Abdullah, met Friday with...
- The two ministers reviewed bilateral relations in various fields, in addition to following up the steps to implement the agreement between the two countries signed in Beijing
- Iran, Saudi Arabia and the United Arab Emirates foreign ministers attended the BRICS meeting in South Africa this week, as the bloc seeks to expand its membership
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
Israel, Hamas ceasefire begins Sunday, includes hostage deal, phased Israeli withdrawal, more aid for Gaza
The deal, brokered by the U.S., Egypt, and Qatar, includes Hamas releasing 33 hostages and Israel freeing hundreds of Palestinian...
Geostrategy
Company News
Latest News
ADU inks MoU with Italy-Czech Republic Chamber of Commerce
ABU DHABI, UAE - Abu Dhabi University (ADU) has signed a Memorandum of Understanding with the Italy-Czech Republic Chamber of...
Business
The DCO Council announces multilateral initiatives to bridge digital divide
Manama, Bahrain - The Digital Cooperation Organization (DCO), a global intergovernmental organization dedicated to fostering digital prosperity for all by...
Average lifespan in Saudi Arabia rises to 77.6 years
Riyadh, Saudi Arabia — Average life expectancy in Saudi Arabia reached 77.6 years compared to 74 years in 2016, the...
Most Read
Saudi products declared free from artificial trans fats
Riyadh, Saudi Arabia - The World Health Organization (WHO) has recognized the Saudi Food and Drug Authority (SFDA) for its...
- Deaths attributed to artificial trans fats globally are estimated at around 500,000 annually, being a major cause of cardiovascular diseases
- Saudi Arabia's accomplishment aligns with its Vision 2030 and the Health Sector Transformation Program, focusing on a healthy food and nutrition strategy
Economy
44% of Saudis are young, making up 78% of the labor pool
Riyadh, Saudi Arabia - Saudi Arabia on Monday launched "Youth Development Strategy" to help its youth to play a critical...
- Saudi Arabia on Monday launched "Youth Development Strategy" to help its youth to play a critical role in the national economy
- Aligned with the Saudi Vision 2030, the strategy seeks to create an enabling environment for the progress and growth of young people
Geostrategy
Two million people may die in Gaza without world’s help: Turkish foreign minister
Ankara, Turkey - Turkish Foreign Minister Hakan Fidan on Monday expressed serious apprehensions about the escalating situation in the Gaza...
- Hakan Fidan described the current events as "a tragedy on another scale" and emphasized the need for prompt preventive measures
- If people in Gaza also begin to die of hunger and disease, it will become a great moral burden that the world will not be able to bear, he said