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
Content creation key to awareness, culture, human development: Dubai ruler
Dubai, UAE -- Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, attended part of...
Business
Business
India’s largest jeweller participates in Kuwait gold and jewellery show
Kuwait: Tanishq from the House of Tata is showcasing its range of gold and diamond jewellery at the Gold and...
- An important platform for designers, global jewellery retailers, wholesalers, and suppliers, the highly regarded annual event attracts industry stalwarts
- Tanishq which is participating for the first time will exhibit a range of gold and diamond jewellery including the brand’s most popular collections
Geostrategy
UK Business Secretary to visit Gulf countries to boost trade ties
LONDON, UK - British Business and Trade Secretary Kemi Badenoch will hold talks for a modern, comprehensive trade deal as...
- British Business and Trade Secretary said, "We already have a strong trade and investment relationship with the Gulf nations."
- She said, "The GCC represents an enormous opportunity for UK firms, whether it’s selling brilliant British food and drink products."
Geostrategy
Saudi Arabia, Bahrain begin joint security exercise ‘Haris’
Riyadh, Saudi Arabia - The Saudi Royal Guard and the Bahrain Royal Guard have started the joint security exercise “Haris”...
- The joint exercise is part of the continuous cooperation between the Saudi Royal Guard and the Bahrain Royal Guard.
- The exercise was inaugurated by Major General Mohammed bin Saeed Al-Omari, Chief of Operations Department
Business
EDGE acquires majority stake in MARS Robotics
Abu Dhabi, UAE - EDGE, a technology and defence group, on Tuesday announced the acquisition of an 80 percent stake...
- MARS Robotics will work closely with EDGE’s Advanced Concepts, which focuses on the rapid design, development, and deployment of advanced and innovative technologies
- Founded in 2013, MARS Robotics provides engineering solutions and services to Unmanned Aircraft Systems OEMs in hardware, peripherals, networks and software
Business
NEOM taps India’s Rajasthan Royals for its cricket program
NEOM, Saudi Arabia - NEOM, the futuristic city being developed in Saudi Arabia, has announced its collaboration with Rajasthan Royals,...
- NEOM aspires to become a pioneering sporting destination by collaborating with renowned international sports brands
- With thousands of individuals already employed at NEOM, cricket has emerged as one of the most popular sports among the workforce
Economy
Gross sovereign borrowing requirements will jump to $12.9 trn in 2023: OECD
Paris, France – Sovereign borrowing needs are expected to increase in 2023 against the backdrop of the financial and economic...
- Outstanding central government debt declined as a share of GDP, from a peak of 88 percent in 2020 to 83 percent in 2022
- The total stock of sovereign sustainable bonds now exceeds $325 billion, 75 percent of which are focused on climate and environmental projects
Business
Leading games developer MY.GAMES makes Abu Dhabi its MENA base
Abu Dhabi, UAE - AD Gaming has expanded its gaming ecosystem by welcoming MY.GAMES to Abu Dhabi, marking the latest...
- Headquartered in Amsterdam, MY.GAMES is a leading publisher and developer of mobile, PC, and console games, with over one billion registered users worldwide
- MY.GAMES’ will work on over 70 games across the company’s portfolio, including genre-defining titles such as War Robots, Rush Royale, and Hustle Castle
Geostrategy
Norwegian delegation in Abu Dhabi discusses legal issues with ADJD
ABU DHABI, UAE - The Abu Dhabi Judicial Department (ADJD) discussed legal and judicial issues with a delegation from Norway....
- The delegation was briefed about applicable regulations, the Judicial Department's initiatives to establish specialized courts for foreigners.
- It was also briefed about the pioneering experience with remote litigation at the stage of registration of claims, case preparation and hearing.
Business
TAQA, Uzbekistan to explore power projects, infrastructure investment opportunities
Abu Dhabi, UAE - Abu Dhabi National Energy Company (TAQA) has announced a collaboration with the Government of Uzbekistan to...
- The agreement covers proposals for a greenfield combined cycle power plant with a capacity of approximately 1.5 GW
- The new partnership is expected to cover the design, financing, engineering, ownership and operation of the power plant by TAQA
OIC experts discuss draft plan for Persons with Disability
Jeddah, Saudi Arabia - The Organization of Islamic Cooperation (OIC) on Sunday discussed a plan of action on the protection...
- The finalization and adoption of the OIC Plan of Action will mark an important step forward in promoting inclusivity, and protection of individuals with disabilities
- The initiative followed a resolution made at the 42nd session of the Council of Foreign Ministers on cultural, social, and family affairs held in Kuwait in 2015
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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
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
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KIPCO sells its stake in GIG
Business
ADNOC to buy stake in Fertiglobe
Business
Skipper Battat leads Palestine on and off pitch at Asian Cup
Doha, Qatar - Musab Al-Battat has led Palestine on the pitch with his all-action performances and off it as the voice...
Geostrategy
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)...
Business
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...
Arts & Culture
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Economy
Luxury ‘Dream of the Desert’ train coming to Saudi Arabia in 2025
Riyadh, Saudi Arabia - Saudi Arabia Railways (SAR) and the Italian Arsenale Group have officially inked an agreement to introduce...
- The train is set to embark on a captivating 770-mile journey from Riyadh, traversing through Hail, to the northern city of Al-Qurayat, near the border with Jordan
- The train, featuring 40 opulent cabins and a maximum capacity of 80 passengers, is poised to redefine rail cruising experiences in the region
Iran, Turkiye ink contract to connect power grids
Ankara, Turkiye – Iran and Turkiye signed contract to connect their power grids during the visit of Iranian president Ibrahim...
- The Khoy-Van grid line is set to become operational as part of the agreement between the Iran Grid Management Company and the Turkish Electricity Transmission Company
- The contract signed by Iran’s Mehdi Moghimzadeh and Turkiye's Orhan Kaldirim clears the decks for connection of the 400-kilovolt BtB HVDC line between Khoy (Iran) and Van (Turkiye)
Saudi professor Manahel Thabet appointed Commonwealth’s envoy for science and technology
Riyadh, Saudi Arabia - Patricia Scotland, the Secretary-General of the Commonwealth of Nations, has named Saudi Professor Manahel Thabet as...
- In her role as special envoy, Professor Thabet will play a crucial part in connecting member states to achieve sustainable development goals
- She will be instrumental in enhancing economic cooperation, developing policies, creating legal frameworks to promote innovation