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
Science
Saudi professor secures US patent for innovative cancer therapy
Washington, USA -- The Saudi faculty member at Michigan State University Dr. Yasser Al-Dhamin, received a patent from the US...
- The patent describes the development of a modern technology that targets an immune protein with a high concentration on the surface of immune system cells
- The protein targeted in this project is called CRACC, and theresearch has demonstrated that CRACC protein exists on the surface of immune system cells in cancers
Economy
UAE issues transitional rules for Corporate Tax
The goal is to simplify establishing the initial balance sheet, guaranteeing a fair method for managing assets and liabilities preceding...
- The aim is to ease the process of determining the opening balance sheet, ensuring a fair and transparent approach for assets and liabilities
- The decision applies to certain assets and liabilities, such as immovable property, intangible assets, financial assets, and financial liabilities
Business
DP World cut global carbon emission by 5% in 2022
Dubai, UAE - DP World cut direct carbon emissions from its global operations by 5 percent last year, according to...
- The ESG report, published Thursday, has been developed in accordance with the latest Global Reporting Initiative (GRI) Standards
- DP World has already committed to becoming carbon neutral by 2040 and net zero carbon by 2050 in line with the UAE’s 2050 net zero
Business
Saudi Arabia, UK ink pact to develop critical minerals supply chains
Riyadh, Saudi Arabia -- Saudi Arabia and the United Kingdom on Thursday signed an agreement to jointly develop critical minerals...
- The agreement marks a significant step in the global endeavor to increase the supply of critical minerals
- Critical minerals are vital in producing various technologies, including electric vehicles, wind turbines, and solar panels
Kuwait’s court upholds dissolution of 2022 parliament
Kuwait - Kuwait's Constitutional Court has upheld a previous ruling that declared the September 2022 parliamentary election void, in which...
- The court rejected an appeal against this decision filed by members of the 2022 parliament
- As a result of the court's decision, legislative elections are set to proceed on June 6
Science
Saudi astronauts at ISS make amateur Radio Contact with students in kingdom
Riyadh, Saudi Arabia - Saudi astronauts Rayyanah Barnawi and Ali Al-Qarni have used the Amateur Radio on board the International...
- The call, made in coordination with the Saudi Space Commission (SSC), aimed at raising students’ awareness about space sciences and technology
- Barnawi and Al-Qarni answered students’ questions which were centred around life in space and the daily routine on board the ISS
Economy
Urgent global action needed on food security, climate change: UAE minister
New York, USA - Mariam bint Mohammed Almheiri, the UAE Minister of Climate Change and the Environment, has called for...
- Almheiri emphasised the rapidly escalating impact of climate change on food security and the need for increased international humanitarian law compliance
- She outlined the steps the UAE is taking to meet its domestic food security challenges stressing the nation's focus on sustainable, technology-enabled food supplies
Business
UAE: Total websites registered under .ae reaches 300,000
Abu Dhabi, UAE – The UAE Telecommunications and Digital Government Regulatory Authority (TDRA) announced on Wednesday the registration of more...
- The steady increase in the number of registrants in.ae reflects the importance of the UAE, as a major economic hub in the Middle East
- Examples of international companies that use the .ae domain include, but are not limited to, Amazon and Google
Business
Saudi Arabia’s logistics sector set to reach $15.3 bn by 2030
Riyadh, Saudi Arabia - The logistics sector in Saudi Arabia is poised for remarkable expansion, with its market size projected...
- The surge is an outcome of the efforts made by the Ministry of Transport & Logistics Services (MOTLS) to make the kingdom a global logistics hub and a leading industrial powerhouse
- Leveraging its unique geographical location, which connects Europe, Asia, and Africa, Saudi Arabia is primed to become a vital gateway for facilitating seamless trade
Business
Qatar Investment Authority to invest $12.4bn in UK economy: CEO
Doha, Qatar - Qatar Investment Authority (QIA) will invest up to GBP 10 billion ($12.4 billion) in the UK economy over...
- The pledge was made during a meeting with the UK Secretary of State for Business and Trade, Kemi Badenoch, on the first anniversary of the Qatar-UK Strategic Investment partnership
- Badenoch emphasized the shared commitment of the UK and Qatar to drive growth in key industries of the future, such as green technology, and cyber security
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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
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
Royal Commission for AlUla chief held for abuse of power, money laundering: report
Riyadh, Saudi Arabia - The CEO of the Royal Commission for AlUla, Eng. Amr Al-Madani, has been arrested on charges...
Economy
Total market value of Saudi stocks hits $2.97 trillion
Riyadh, Saudi Arabia - The total market value of the primary Saudi stock market, represented by the All Tadawul Share...
Economy
Dubai RTA awards US$95m contract to upgrade ticketing system
DUBAI, UAE - Dubai’s Roads and Transport Authority (RTA) has awarded a contract to upgrade the existing nol (card-based ticketing...
Business
Most Read
Business
Oman’s MSX-listed banks see 18.6 percent net profit growth in 2023
MUSCAT, OMAN - Omani banks listed on the Muscat Stock Exchange (MSX) recorded net profits of US$1.17 billion (RO453.5 million)...
- The banking sector benefited from economic growth, foreign trade, investment, government revenues.
- The preliminary financial results showed that all seven banks listed on MSX posted higher profits.
Arts & Culture
Expo City Dubai launches 10-day festival of Emirati light art and culture
DUBAI, UAE - Dhai Dubai, the first-ever Emirati-led light art festival, has launched its illuminating 10-day program at Expo City...
- The event celebrates the rich artistic tapestry of Emirati through a series of awe-inspiring artistic projections, interactive installations.
- The free-to-attend festival is created and organized by Expo City Dubai, in partnership with AGB Creative and will run from January 26 to February 4.
Business
Saudi Arabia’s Red Sea Global deploys robot for Red Sea, Amaala beach cleanup
Riyadh, Saudi Arabia - Red Sea Global, a company wholly owned by the Public Investment Fund (PIF) of Saudi Arabia,...
- The robot is designed to tackle the plastic waste and other debris
- It can cover up to 3,000 square meters in just an hour