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...
Masdar expands US footprint with 50% stake in renewables project
The Big Beau project, located in California, comprises a 128-megawatt solar plant and a 40 MW/160 MWh battery energy storage...
- The Big Beau project, located in California, comprises a 128-megawatt solar plant and a 40 MW/160 MWh battery energy storage system
- It is one of eight projects that Masdar and EDF Renewables have agreed to jointly partner in, with a combined capacity of 1.6 gigawatts (GW)
Geostrategy
UAE Federal National Council speaker, Chinese Ambassador, discuss bilateral ties
Abu Dhabi, UAE -- Speaker of the UAE Federal National Council (FNC) Saqr Ghobash, and the Chinese Ambassador to the...
- The two sides discussed a range of issues of mutual concerns, and ways of developing the overall bilateral ties between the two countries
- Ghobash said that the bilateral cooperation between the UAE and China is a model of an ideal partnership based on friendship and mutual respect
GCC citizens enjoy increased visa-free travel options
GCC citizens have some of the most powerful passports in the world, says a recent report by the Henley Passport...
- GCC citizens have some of the most powerful passports in the world, says a recent report by the Henley Passport Index 2023
- This trend is expected to continue, opening up new possibilities and opportunities for GCC citizens, the report adds
Business
Saudi Arabia’s Infath to hold 11 more public auctions in April
Riyadh, Saudi Arabia - Saudi Arabia's Attribution and Liquidation Center (Infath) will hold 11 public auctions, both physical and online,...
- Auctions start with 25 real estate in the Riyadh region in the Roshan, South Arrow and Ezz.
- A total of 36 real estate properties in Jeddah and 24 such properties in Dammam will also be auctioned.
Science
China to subject new AI products to ‘security assessment’
China has announced ambitious plans to become a global leader in the field of AI by 2030, and consultancy group...
- The draft law aims to ensure "the healthy development and standardised application of generative AI technology."
- AI generated content, it continued, must "reflect core socialist values, and must not contain content on subversion of state power."
Geostrategy
Israel’s Netanyahu vows to restore security as violence surges
The day after Israeli police on Wednesday stormed the prayer hall of Jerusalem's Al-Aqsa mosque -- Islam's third-holiest site --...
- Heavy clashes, shootings, rocket strikes and a car-ramming attack have marred a period when the Muslim holy month of Ramadan coincides with the Jewish Passover and Christian Easter
- The latest casualties were a Palestinian teenager and a British-Israeli mother who succumbed on Monday to injuries from a West Bank gun attack that earlier killed her two daughters
Science
WHO may aid Iraq in a bid to localize pharmaceutical sector
BAGHDAD, IRAQ - The World Health Organization (WHO) affirmed it is likely to support Iraq in the localization of its...
- The WHO official said the organization has a plan with Iraq's health ministry for seven years to advance the health reality.
- He said that "coronavirus testing laboratories have increased from one laboratory to more than 70 laboratories.
Business
DEWA approves payment of US$1.29bn in dividend to shareholders
DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) which is listed on the Dubai Financial Market (DFM) on Monday...
- DEWA general assembly was chaired by Matar Humaid Al Tayer, Chairman of the Board of Directors of the utility.
- Saeed Mohammed Al Tayer, MD and CEO of DEWA and members of the Board of Directors also took part in the meet.
Geostrategy
Environment Agency – Abu Dhabi launches strategic environmental assessment program
ABU DHABI, UAE - The Environment Agency - Abu Dhabi (EAD) has introduced the Strategic Environmental Assessment (SEA) planning program...
- Strategic Environmental Assessment will promote sustainable development and a healthy environment for future generations.
- SEA will aid in evaluating environmental impacts and guiding the investigation of alternatives and potential mitigation efforts.
Business
e& to acquire a majority stake in Careem Super App for $400m
Careem’s ride hailing business will remain fully owned by Uber and continue to be available with all other Careem services...
- Careem’s ride hailing business will remain fully owned by Uber and continue to be available with all other Careem services on the existing app for customers
- The Careem Super App offers over a dozen services including food and grocery delivery, micro-mobility, a digital wallet and suite of fintech services
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
Infracorp logs $29.8m profit
Business
Latest News
ADX lists FAB Green Sakuk
Business
Saudi Arabia announces operational start of this year’s Hajj season
Riyadh, Saudi Arabia - Saudi Minister of Hajj and Umrah, Tawfiq Al-Rabiah, officially inaugurated the operational activities for the 1445...
Record-breaking home sales in Dubai’s upscale market in 2023
Dubai, UAE – Sales of properties worth more than $1.35 million and $2.70 million in Dubai hit record levels in 2023,...
Business
Lunate Capital launches Shariah-compliant ETF tracking Indian equities
ABU DHABI, UAE - Lunate Capital announced the launch of the Chimera SP India Shariah ETF, a physical, in-kind, liquid,...
Business
Most Read
The UAE President swears in 3 new ministers
The ministers taking the oath of office were Dr Amna bint Abdullah Al Dahak Al Shamsi who was appointed as...
- President Sheikh Mohamed extended his best wishes to the ministers for success in their new roles
- Sheikh Mohammed bin Rashid said that the UAE leadership places great importance on enriching the government's workforce
Economy
UAE passport most powerful in MENA region, 11th in global index
Abu Dhabi, UAE - The UAE passport has climbed two positions to secure the 11th spot in the 2024 Passport...
- The UAE has been the most improved nation on the Index over the past decade, adding an impressive 106 destinations to its visa-on-arrival list since 2014
- The country's passport continues to lead the region, outpacing other Gulf nations, with Qatar at 53rd, Kuwait at 55th, Bahrain at 59th, Oman at 60th, and Saudi Arabia at 61st
Economy
Saudi PIF Governor: Global demand for metals to rise sixfold by 2040
Riyadh, Saudi Arabia - Public Investment Fund (PIF) Governor Yasir Al-Rumayyan on Wednesday said that the Kingdom’s mineral wealth currently...
- Al-Rumayyan said the Ma’aden mining company owned by the PIF has expanded its exploration activities for gold, zinc, lithium, and other metals
- He revealed that the Kingdom’s mineral wealth currently stands at US$1.3 trillion, with a target to increase it to $1.5 trillion