US proposes $8B arms deal with Israel; Biden plans strikes on Houthis as Gaza aid faces Trump-era cuts
The US proposes an $8 billion arms deal with Israel, plans intensified strikes on Yemen's Houthis, while Israel considers cutting...
Geostrategy
In stabilization bid, Syria’s new ruler declares all weapons under state control, including Kurdish arms
Ahmed al-Sharaa announced all weapons, including those held by Kurdish-led forces, will come under state control, emphasizing unity and coexistence...
Science
UAE Spacecraft captures close-up images of Mars’ little moon
The findings were presented Monday at the European Geosciences Union's general assembly in Vienna. They challenge the leading theory that...
- The spacecraft flew within 100 kilometers (62 miles) of Deimos in March, capturing close-up shots of its odd-shaped, cratered surface
- These images offer scientists a more detailed understanding of Deimos, which is just 15 kilometers by 12 kilometers by 12 kilometers in size
Geostrategy
Iran imposes sanctions on UK, EU individuals, entities
Tehran, Iran— Iran has announced new sanctions against the UK and European Union “individuals and entities” for supporting what it...
- The Islamic Republic has imposed sanctions as a form of retaliation for "cruel sanctions " against Iranian people
- The country’s foreign ministry blamed the UK and EU for violating international obligations on combating terrorism
Economy
ADB operations cross $20bn
Financial results were published in ADB’s Annual Report 2022.
- The $20.5 billion comprised loans and guarantees, grants, and equity investments provided to governments and the private sector
- The bank made wide-ranging investments in quality infrastructure as well as in education, health, and other social sectors
Business
Maqta Gateway buys TTEK
The total acquisition cost comes to US$26.7 million.
- This move will reinforce Maqta Gateway's market position as a leading digital trade and holistic single window solution provider.
- TTEK’s solutions use over 1.5 million risk indicators and AI predictive modeling to establish more reliable border security controls.
Business
HFZA showcases Sharjah as attractive investment destination at India Steel 2023
SHARJAH, UAE - India is among the UAE's most significant investment partners, with substantial mutual investments. Iron and steel rank...
- Iron and steel rank among the top commodities exported from the UAE to India.
- India is among UAE's most vital trade partners, with substantial mutual investments.
Economy
Collective action required for food security, says FAO
MIYAZAKI, JAPAN - With hunger levels rising and food prices soaring in most of the world, collective actions are necessary...
- Trade continues to be key for global food security and all nations must commit to well-functioning markets and transparency, FAO said.
- "We need to work together in an efficient, effective and coherent manner to identify the solutions," FAO added.
Geostrategy
Saudi Crown Prince, Russian President discuss bilateral ties
Riyadh, Saudi Arabia - Saudi Crown Prince and Prime Minister Prince Mohammed bin Salman bin Abdulaziz Al Saud discussed bilateral...
- The two leaders exchanged views on a number of issues of common concern, Saudi Press Agency reported
- Earlier, the duo spoke by phone in September 2022 to express their satisfaction over a prisoner-of-war swap
Private sector central to Qatar’s SDG goals: UN Representative
New York, United States - Qatar wants to put the private sector at the centre of its 2030 Agenda for...
- Saif Al-Thani referred to the fruitful partnership between Qatar and the private sector for implementing the Qatar National Vision 2030
- 'Qatar investment fund for climate change' is investing in projects and companies that are in line with the Sustainable Development Goals
Geostrategy
Saudi, Iran foreign ministers talk on phone, discuss next steps in ties
Riyadh, Saudi Arabia - Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah received a phone call from...
- China recently brokered the restoration of ties between Iran and Saudi Arabia, rivals in a region where the US for decades has been the main diplomatic powerbroker
- The two Middle East powerhouses had held several rounds of dialogue in Iraq and Oman before reaching the agreement to mend ties on March 10 in China
Science
Discover first Arab lunar mission in augmented reality
The Mohammed Bin Rashid Space Centre and Atlantic Productions make the Rashid Rover's journey to the moon exciting with a...
- Join the Rashid Rover on its epic mission to the moon, and rediscover the thrill, excitement and pure magic of space exploration from the comfort of your own home
- This interactive educational AR experience available in both iPhone and Android phones is designed to inspire curiosity about space, science, and technology in people of all ages
Most Read
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
US proposes $8B arms deal with Israel; Biden plans strikes on Houthis as Gaza aid faces Trump-era cuts
The US proposes an $8 billion arms deal with Israel, plans intensified strikes on Yemen's Houthis, while Israel considers cutting...
Geostrategy
Company News
Latest News
Ooredoo, QNBN sign agreement
Business
Record demand for Dubai luxury homes despite rising prices
Dubai, UAE - Dubai saw record-breaking sale prices throughout 2023, with super-luxury residences selling for up to US$4,000 (AED14,692) per...
China Construction Bank lists $600m green bond in Nasdaq Dubai
DUBAI, UAE - Nasdaq Dubai has welcomed the listing of a US$600 million green bond by China Construction Bank (DIFC...
Business
Saudi govt exposes violations in expatriate partnerships
Riyadh, Saudi Arabia - The Saudi National Program to Combat Commercial Concealment has exposed various instances falling under the umbrella...
Business
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Geostrategy
Saudi Scouts Association to participate in Republic Day Camp in India
Riyadh, Saudi Arabia - The Saudi Arabian Boy Scouts Association will participate in the Republic Day Camp (RDC) in India...
- The camp, with the participation of 25 countries, includes a series of activities aimed at promoting awareness of cultural traditions and exchange between the participating nations
- It seeks to enhance values, integration, unity, and diversity while instilling a sense of patriotism, discipline, and leadership qualities
Business
Global personal computer shipments decline 14.8 percent in 2023
DUBAI, UAE - Worldwide PC shipments totaled 63.3 million units in the fourth quarter of 2023, a 0.3 percent increase...
- PC shipments reached 241.8 million units in 2023, a 14.8 percent fall from 2022.
- This is the first time that shipment volume has dipped below 250 million since 2006.
Economy
Saudi Arabia to highlight role in dealing with global challenges at WEF meet
RIYADH, SAUDI ARABIA – Minister of Industry and Mineral Resources Bandar Ibrahim Alkhorayef said that the Kingdom’s participation in the...
- Saudi Arabia’s participation in the annual meet underscores its pivotal role in the transition toward carbon neutrality.
- The Kingdom’s engagement provides an opportunity for communication with key players in the private sector globally.