Joint Operations Room set up in Cairo to oversee Gaza ceasefire implementation
Cairo, Egypt - A joint operations room has been established in Cairo to oversee the implementation of the Gaza Strip...
Geostrategy
Masdar targets 100 GW of clean energy by 2030
Abu Dhabi, UAE - Fatima Al Suwaidi, Head of Development & Investment (APAC) at Masdar, has affirmed the company's ambitious...
Business
Geostrategy
UAE highlights efforts in space sector at UN committee meet
ABU DHABI, UAE - A high-level UAE delegation at the 66th session of the United Nations Committee on the Peaceful...
- The UAE highlighted the significance of the peaceful use of outer space, acknowledging the right of all member states to develop their capabilities.
- The UAE also focused on the importance of international collaboration to ensure space technologies benefit humanity in times of disaster.
Karim Benzema signs for Saudi Arabia’s Al-Ittihad: club source
Riyadh, Saudi Arabia - Real Madrid's Ballon d'Or winner Karim Benzema has signed for Saudi Arabia's Al-Ittihad for three years starting...
- The announcement comes days after Real Madrid announced that the 35-year-old was leaving the club after 14 seasons
- Benzema is in line to join Cristiano Ronaldo in the Gulf kingdom after the Portuguese five-time world player of the year moved to Al Nassr
Research
YouTube most popular app on Android devices for UAE children
Dubai, UAE - YouTube emerges as the most popular app among children in the UAE on Android devices, with 37.8...
- Baby Shark was the most searched for song among children, while Roblox and Minecraft were the favored games
- Korean pop groups BLACKPINK and BTS, along with Puerto Rican artist Bad Bunny, topped the list of musical preferences
Geostrategy
Israeli soldiers to join Moroccan war games for first time
Israel participated in the event last year, however only as international military observers, without soldiers taking part on the ground....
- A delegation of 12 soldiers and commanders from the Golani Reconnaissance Battalion" has been sent to participate alongside some 8,000 soldiers from 18 countries
- According to the Moroccan Royal Armed Forces (FAR), the war games include exercises in operational planning and fighting weapons of mass destruction
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
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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
Joint Operations Room set up in Cairo to oversee Gaza ceasefire implementation
Cairo, Egypt - A joint operations room has been established in Cairo to oversee the implementation of the Gaza Strip...
Geostrategy
Company News
Latest News
IMF upgrades Saudi Arabia’s 2025 economic growth prediction to 5.5%
Riyadh, Saudi Arabia - The International Monetary Fund (IMF) has revised its growth projections for Saudi Arabia's economy, revealing a...
Economy
UAE signs pact to develop digital infrastructure in Greece
ABU DHABI, UAE - The Ministry of Investment of the UAE and the Ministry of Digital Governance of the Hellenic...
Geostrategy
Saudi Arabia launches program to boost exports
Riyadh, Saudi Arabia - Saudi Arabia has embarked on a program to equip Saudi exporters with the necessary information on...
Economy
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Business
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...
- The pact seeks to promote the exchange of faculty, researchers, and staff members between ADU and European universities.
- The agreement will help establish a research centre for entrepreneurship studies and start-ups in both Italy and the UAE.
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...
- Topics of discussion included cross-border market growth; the value of data; human-centric and sustainable digital economy
- The DCO Council also announced the joining of Bangladesh, Qatar, and Greece as the new member states
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...
- The remarkable progress is attributed to a series of strategic efforts, notably the incorporation of health promotion principles into all facets of life and policy
- Initiatives such as promoting walking culture, reducing salt in foods, and fortifying health services have collectively contributed to the nation's improved health landscape