Kuwait strips tens of thousands of citizenship since August 2024
The latest campaign abolishes naturalization by marriage, which only applied to women, and revokes citizenship granted to wives since 1987....
Geostrategy
Trump threatens Apple with a 25% tariff if iPhones aren’t made in US
Washington, United States -- US President Donald Trump on Friday threatened Apple with a 25 percent tariff if the iPhones...
Business
Business
UAE backs Egypt’s Ras El Hekma megaproject, aims for $110 billion investment
Abu Dhabi, UAE - The UAE Ministry of Investment (MoI) announced today its support and key role in the advancement...
- Located approximately 350 kilometres northwest of Cairo, the Ras El Hekma project has garnered significant interest from Emirati investors
- Modon Holding, the master developer for the Ras El Hekma megaproject, will steer the project in partnership with prominent partners from Egypt
Saudi Arabia to host largest health event with global participation on Oct 21-23
Riyadh, Saudi Arabia – Saudi Arabia is preparing to host the seventh edition of the Global Health Forum under the...
- As one of the three most attended and fastest-growing health forums globally, the event will focus on raising health awareness and encouraging people to invest in their well-being
- Major investment launches and agreements are expected to be announced, with a dedicated exhibition showcasing individual and business health advancements
Economy
Riyadh leads Saudi Arabia’s date production with record sales
Riyadh, Saudi Arabia - Riyadh is currently hosting the third Seasonal Dates Exhibition, a major economic, social, and tourist event....
- Recent stats confirm Riyadh's leading role in date production, boosting Saudi Arabia's self-sufficiency rate to 124%
- The Riyadh region alone accounts for 436,000 tons of the Kingdom's total annual production of over 1.6 million tons
Economy
Qatar outpaces Saudi Arabia and UAE in tourism growth with 147% surge
Doha, Qatar - Qatar has emerged as the leading player in the Middle East tourism sector, boasting an impressive 147%...
- The surge in tourism can be attributed to Qatar's strategic investments in luxury offerings, and a visa-free entry policy for citizens of 102 countries
- Qatar has effectively leveraged high-profile events like the FIFA World Cup to enhance its global tourism profile, alongside significant infrastructure development
Economy
UAE airports see 14.2% passenger traffic surge in H1
Abu Dhabi, UAE -UAE's airports experienced a 14.2 percent increase in passenger traffic, in the first half of 2024, handling...
- A CBUAE report showed the increase in passenger traffic not only reinforces the UAE's status as a global aviation hub but also contributes to the national economy
- The report added that this growth in the aviation sector boosts tourism, trade and employment, further diversifying the UAE's economy
United by innovation and progress: The enduring US-UAE partnership
‘’In close partnership, we are working to advance multilateral diplomatic solutions and provide urgently needed humanitarian assistance in Gaza and...
- 'Our ongoing defense and counterterrorism cooperation makes our countries and the world more secure.'
- 'US and UAE troops have stood shoulder to shoulder in six conflicts over the last 30 years;'
Economy
Saudi Arabia achieves 73 percent increase in international tourist arrivals: UN report
The kingdom welcomed 17.5 million international tourists in the first seven months of 2024, leading G20 nations in tourism growth...
- According to the Saudi Press Agency (SPA), the Kingdom continued to top the list of G20 countries in the indicators of the growth rate of the number of international tourists
- The Kingdom's various tourist destinations have witnessed a significant rise in international tourist numbers this year, with the number of tourist arrivals reaching 17.5 million
Business
GACA report: Riyadh’s King Khalid Airport ranked best for 15M+ passengers
Riyadh, Saudi Arabia - King Khalid International Airport in Riyadh secured the top spot in the category of airports with...
- Airports are assessed based on 11 operational performance standards, which align with strategic objectives to enhance services and ensure a seamless traveller experience
- GACA categorizes airports for performance evaluation based on annual passenger numbers, ensuring a transparent approach
Economy
Residential, hospitality sectors drive Saudi Arabia’s real estate market in H1 2024
The Kingdom’s tourism and entertainment investments, including a new star rating system, support growth in hospitality, positioning Saudi Arabia as...
- Residential sale prices experienced 10% year-on-year increase in H1 in Riyadh and average rents grew by 9% annually
- In Jeddah, the pace of growth was slightly slower, with sale prices rising by 5% and rents increasing by 4% year-on-year during the same period
Economy
Standard & Poor’s affirms Saudi Arabia’s ‘A/A-1’ credit rating
Riyadh, Saudi Arabia – Standard & Poor's (S&P) affirmed the Kingdom's credit rating in local and foreign currency at "A/A-1"...
- S&P explained that its affirmation of the Kingdom's strong credit rating results from the Kingdom's reforms and investments
- It expected that the Kingdom's gross domestic product (GDP) will continue to grow during the years 2024-2027
Kuwait strips tens of thousands of citizenship since August 2024
The latest campaign abolishes naturalization by marriage, which only applied to women, and revokes citizenship granted to wives since 1987....
Geostrategy
Company News
Latest News
SABIC net loss $322 million
Business
No Israel stop for Trump on Mideast tour shows shifting ties
Jerusalem, Undefined -- US President Donald Trump's decision to skip over Israel in his Middle East tour was just the...
Geostrategy
World Bank announces plans to restart Syria operations
Washington, United States -- The World Bank on Friday said it would restart operation in Syria following a 14-year pause,...
Geostrategy
Most Read
Science
Experts seek to legitimize AI mental health care
Researchers at Dartmouth College believe artificial intelligence can deliver reliable psychotherapy, distinguishing their work from the unproven and sometimes dubious...
- Their application, Therabot, addresses the critical shortage of mental health professionals.
- The Dartmouth team recently published a clinical study demonstrating Therabot's effectiveness in helping people with anxiety, depression and eating disorders.
Economy
US Fed expected to pause cuts again and wait for clarity on tariffs
Washington, United States -- The US Federal Reserve is widely expected to extend a recent pause in rate cuts this...
- Most economists expect the tariffs introduced since January to push up prices and cool economic growth, at least in the short run.
- Financial markets overwhelmingly expect the Fed to announce another rate cut pause on Wednesday, according to data from CME Group.
Business
Trump’s solar tariffs could drive Asia transition boom
Bangkok, Thailand -- Massive planned US duties on solar panels made in Southeast Asia could be a chance for the...
- Earlier this month, Washington announced plans for hefty duties on solar panels made in Cambodia, Vietnam, Thailand and Malaysia.
- Southeast Asia accounted for nearly 80 percent of US solar panel imports in 2024.