Syria, Iran, Saudi Arabia, and Palestine test Washington’s strategy under Trump leadership
The Trump administration faces a Middle East shaped by shifting alliances, unresolved conflicts, and evolving regional priorities, demanding a measured...
Geostrategy
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...
Economy
Business
Will sponsor Emirates Labor Market Award, says Abu Dhabi Chamber
ABU DHABI, UAE - The Abu Dhabi Chamber of Commerce and Industry (ADCCI) announced its sponsorship of the Emirates Labor...
- The award aims to recognize the efforts of leading private sector entities and outstanding individuals and highlight successful practices in the labor market.
- The Chamber plays a leading role in supporting national projects and supports increasing the labor market's productivity, efficiency and competitiveness.
Economy
Jordan’s trade exchanges with ASEAN up by 42% last year
Amman, Jordan - Jordan's trade exchanges with the Association of Southeast Asian Nations (ASEAN) surged by 42% in 2022 compared...
- The kingdom's trade exchanges with ASEAN reached $1.8 billion in 2022, up from $1.3 billion in 2021
- Jordan's national exports to ASEAN countries amounted to $279 million and re-exports were valued at $17,000
Business
UAE presents labor laws to UN Human Rights Council in Geneva
DUBAI, UAE - The UAE presented its legislative ecosystem - which regulates the local labor market, provides social security and...
- Several UAE federal, local government entities and civil society organizations were part of the delegation.
- The new labor legislations include provisions that prohibit discrimination on all grounds as defined in international conventions.
Business
The Game Company raises $5m at $40m valuation
Dubai, UAE - AI-driven cloud-based gaming platform, The Game Company, raised $5 million during their pre-seed round in December....
- The company is poised for even more growth during its upcoming funding round, with expectations of a substantial increase in valuation
- The company aims to create a truly immersive gaming experience that is accessible for anyone, anywhere, anytime, and on any device
G7 launching partnership scheme to diversify supply chains
Niigata, Japan - The G7 plans to launch a partnership scheme to diversify supply chains this year, ministers from the group...
- The ministers did not directly mention efforts to reduce reliance on trade with China or Russia as motivation for the new framework
- In a joint statement, they said they hoped to launch the partnership in collaboration with the World Bank "by the end of this year at the latest."
Geostrategy
Saudi, Russian foreign ministers talk on phone, discuss ties, Ukraine
Riyadh, Saudi Arabia - Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah discussed in a phone call...
- During the call, the two ministers also exchanged views on a number of regional and international issues and developments of common concern
- In the recent past, as Saudi Arabia’s relationship with the US has become less certain, the kingdom has made an effort to build ties with China and Russia
Dubai Investments profit up 55%
The Group's income also saw an increase of 34 percent.
- The company's net profit for the period stood at $85.51 million, up from $55.20 million during the same period last year
- he Group's total income also saw an increase of 34 percent, reaching $278.11 million, compared to $204.65 million in Q1 2022.
Business
Dubai Chambers briefs EU Missions about UAE Corporate Tax Law
DUBAI, UAE - Dubai Chambers has hosted a workshop for commercial attachés of EU Diplomatic Missions to provide them with...
- A workshop on Corporate Tax Law saw the participation of 13 officials from EU embassies and attaché offices in the UAE.
- Dubai Chambers said the workshop will bolster the strong trade and business relations with the European markets.
Economy
UAE tops the world in 5 labor market competitiveness indices
DUBAI, UAE - The UAE has topped several global labor market indices issued by international entities and institutions in a...
- These indices include lack of labor disputes, low cost of severance compensation for workers, and working hours.
- The UAE also stood out for the low cost of severance compensation in the Global Innovation Index 2022.
Business
Emaar Properties logs 43% growth
The firm recorded a net profit of $873 million.
- Emaar recorded an EBITDA and net profit for the first quarter of 2023 of $1.1 billion and $873 million respectively
- The group's property sales reached AED 9.2 billion (US$ 2.5 billion), an 11 percent increase compared to Q1 2022
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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
Syria, Iran, Saudi Arabia, and Palestine test Washington’s strategy under Trump leadership
The Trump administration faces a Middle East shaped by shifting alliances, unresolved conflicts, and evolving regional priorities, demanding a measured...
Geostrategy
Company News
Latest News
DIB reports $1.86bn net profit
The bank's income rose by 43% YoY to $5.4 billion.
Real estate workforce in Saudi Arabia soars to 26,000 after localization push
Riyadh, Saudi Arabia - The Saudi real estate sector has witnessed a remarkable surge in local employment, boasting a substantial...
Economy
IsDB discusses collaboration with China’s ICBC and BOC
Jeddah, Saudi Arabia -- President of the Islamic Development Bank (IsDB) Muhammad Al-Jasser held today held discussions with senior officials...
Business
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Business
ASFAR, Municipality of Al-Ahsa sign agreement
RIYADH, SAUDI ARABIA - ASFAR, the Saudi tourism investment company wholly owned by the Public Investment Fund of Saudi Arabia,...
- The agreement aims to develop a major tourism attraction in the Eastern Province of the Kingdom of Saudi Arabia.
- The partnership between ASFAR and the Municipality of Al-Ahsa is set to transform the Eastern Province’s leisure and hospitality sectors.
Economy
Bahrain Q4 2023 imports increase to US$3.92bn
MANAMA, BAHRAIN - The Information eGovernment Authority (iGA) has published its foreign trade report of Bahrain for Q4 2023, covering...
- The top 10 countries accounted for 69 percent of Bahrain's total export value.
- The value of exports with national origin was of $2.89 billion during Q4 2023.
Economy
Saudi Arabia lists priority specializations for Special Talent Residency
Riyadh, Saudi Arabia - Saudi Arabia's Premium Residency Center on Sunday revealed a list of priority specializations that qualify individuals...
- Saudi Arabia is actively seeking to attract top-tier talents and minds globally, encouraging them to reside and work in the country to foster development
- The specified specializations that make expatriates eligible for Special Talent Residency encompass a diverse range of sectors