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...
Business
UAE launches national strategy to combat money laundering, terror financing
The strategy focuses on risk-based compliance, international cooperation, effective supervision, and disrupting illicit financial activities through improved data collection, analysis,...
Economy
Business
ADCB approves cash dividends worth US$1.1bn Â
ABU DHABI, UAE – Abu Dhabi Commercial Bank (ADCB) has approved the Board of Directors proposal to distribute a cash...
- ADCB’s physical-cum-virtual 40th Annual General Assembly meeting approved the decision.
- The Board of Director’s proposal means distributing cash dividend of $0.15 (AED0.56) per share.
Business
Fraud and volatility fears persist as bitcoin barrels on
Specialized companies such as Grayscale and Wall Street giants such as asset manager BlackRock are among those investing in the...
- On Tuesday, bitcoin - the most widely used cryptocurrency - reached its all-time high, topping $69,191, surpassing its previous high set in November 2021
- The launch of a new investment vehicle - bitcoin-indexed exchange traded funds (ETFs) in the US last January - has further spurred prices.
Arts & Culture
1200 year old ebony wood poles discovered at Jeddah’s Othman bin Affan Mosque site
Jeddah, Saudi Arabia - The Jeddah Historic District Program has announced the discovery of the two ebony wood poles at ...
- The two masts are classified as among the oldest artifacts discovered at the site so far
- The number of architectural phases discovered at the Othman bin Affan Mosque so far has reached seven
Arts & Culture
Alicia Keys to perform at Saudi Arabian Grand Prix 2024 on March 9
Jeddah, Saudi Arabia - Jeddah is poised to host Alicia Keys, the legendary musician, singer, and multiple Grammy-award winner, at...
- Keys will be gracing Jeddah for the first time, marking her third appearance in Saudi Arabia
- Keys will be gracing Jeddah for the first time, marking her third appearance in Saudi Arabia
Science
Saudi Arabia unveils its man shaped AI robot Mohammad
Riyadh, Saudi Arabia - Saudi Arabia unveiled its first male humanoid robot ‘Muhammad’ during the second edition of DeepFast in...
- A 7-second video of the robot is now viral. In it, the reporter Rawya Kassem, is seen talking about the robot
- Addressing the audience in flawless Arabic, the robot emphasized his role as a national project showcasing Saudi achievements in AI
Science
UAE astronauts AlMatrooshi and AlMulla graduate in space program at NASA
Dubai, UAE - The Mohammed Bin Rashid Space Centre (MBRSC) on Tuesday announced the graduation of Emirati astronauts Nora AlMatrooshi...
- The milestone marks the culmination of over two years of extensive training, which began in January 2022
- Prior to joining the NASA training program, AlMatrooshi and AlMulla underwent extensive in-house training at MBRSC
Geostrategy
BRICS to create blockchain-based payment system: Kremlin aide
Moscow, Russia – BRICS will work to create an independent payment system based on digital currencies and blockchain, Kremlin aide...
- Ushakov said that the specific task for this year is to increase the role of BRICS in the international monetary and financial system
- The BRICS group of emerging economies has welcomed 2024 by officially adding five developing nations
Geostrategy
Time to recognize the State of Palestine: Saudi foreign minister at OIC session
Jeddah, Saudi Arabia — Saudi Minister of Foreign Affairs Prince Faisal bin Farhan has emphasized the unanimous rejection of the...
- Prince Faisal was speaking at the Extraordinary Session of the Council of Foreign Ministers of the Organization of Islamic Cooperation in Jeddah on Tuesday
- The session has been convened to address the ongoing Israeli aggression against the Palestinians and to voice the OIC's opposition to the displacement of Palestine
UAE F&B sector set to soar, projected to reach $20bn in 2024
Dubai, UAE - The UAE’s foodservice market is poised to reach $19.98 billion in 2024, with further projections indicating a substantial...
- The report emphasizes the robust expansion of the F&B sector, forecasting a compound annual growth rate (CAGR) of 17.09%
- Fine dining is experiencing substantial growth with annual increases of almost 20% in Dubai and 33% in Abu Dhabi
Economy
Saudi Arabia takes the lead in global road connectivity rankings: minister
Riyadh, Saudi Arabia - Saudi Arabia has earned the distinction of being the world's most connected country in terms of...
- Al-Jasser highlighted a remarkable decrease of over 50 percent in serious accidents, deaths, and injuries in recent years
- The ongoing campaign, now in its fourth year, seeks to enhance the efficiency and safety of the extensive road network, the minister added
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...
Business
Company News
Red Sea Fund opens applications for production cycle
Arts & Culture
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CBI, zypl.ai ink partnership
Business
Despite sanctions, Iran oil exports hit six-year high: report
Tehran, Iran - Iran managed to sell an average of 1.56 million barrels per day during the first quarter of...
Economy
Putin talks to Raisi, expresses hope for restraint in Middle East
Moscow, Russia - Russian President Vladimir Putin and his Iranian counterpart, Ebrahim Raisi, discussed the latest escalation in the Middle...
Geostrategy
Iran top security body: Response to Israeli aggression based on Article 51 of UN Charter
Iran’s Supreme National Security Council (SNSC) says the Iranian armed forces’ attack on the Israeli regime was carried out based...
Geostrategy
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Geostrategy
Iran offers no response to Israeli strike, if US-secures Gaza truce: report
The Damascus airstrike targeted the Iranian consulate, resulting in the death of IRGC commander Mohammad Reza Zahedi and several other...
- According to a report by Jadeh Iran, Iran has communicated to the United States that it would refrain from retaliating to the airstrike if the US can secure a ceasefire in Gaza
- The anonymous source cited in the report stated that if the US is successful in calming the situation, it would be seen as a significant achievement for the Biden administration
Arts & Culture
Red Sea Fund opens applications for production cycle
Riyadh, Saudi Arabia - The prestigious Red Sea Fund has thrown open its doors to filmmakers across Arab and African...
- From April 6, 2024, directors hailing from Arab and African backgrounds can apply to secure a production grant for their films
- With a minimum runtime requirement of 60 minutes, filmmakers are encouraged to submit their projects
Economy
UAE cements position as a top global investment hub in 2024
UAE ascends to 8th on Kearney's 2024 Foreign Direct Investment Confidence Index, affirming its appeal as a prime investment haven,...
- The Foreign Direct Investment Confidence Index,, now in its 26th iteration, continues to be an authoritative forecast of global FDI trends
- The UAE economy has witnessed extraordinary growth across key sectors that have thrived as a direct result of the nation’s diversification policies