UN envoy warns Syria conflict persists as rebels seek international ties post-Assad ouster
The UN migration chief expressed concerns about large-scale refugee returns destabilizing Syria further, particularly affecting religious minorities who fled violence...
Geostrategy
Israeli football supporters back home after Amsterdam violence
Tel Aviv, Israel - A plane bringing Israeli football supporters home from Amsterdam landed at Israel's Ben Gurion airport on Friday after...
Business
Al Ansari Financial Services completes IPO, raising $195 million
Dubai, UAE - Al Ansari Financial Services on Monday announced it has set the final offer price for its IPO...
- The Global Offering attracted considerable demand from both the Qualified Investor Offering and the UAE Retail Offer
- The Qualified Investor Offering saw strong demand from both international and regional investors
Economy
Turkish foreign minister, UN chief discuss grain deal
Ankara,Turkey - Turkish Foreign Minister Mevlut Cavusoglu discussed during a phone call with UN Secretary-General Antonio Guterres the deal to...
- Last week Turkey announced the extension of the deal that has allowed exports of Ukrainian grain to resume following Russia's invasion
- Russia said it had agreed to a 60-day extension, while Ukraine's infrastructure minister said the deal had been extended for 120 days
Business
Aramco seeks to become China’s all-inclusive energy, chemicals source
Beijing, China - Saudi Arabia's Aramco said it wants to be an all-inclusive source of energy and chemicals for China’s...
- Aramco CEO said the company is supplying new lower carbon products, chemicals and advanced materials, all supported by emissions reduction technologies.
- "In particular, we see a major win-win opportunity to build a world-leading, integrated downstream sector in China," he said.
Business
DEWA, UAE energy ministry discuss cooperation for clean energy goals
DUBAI, UAE - MD & CEO of the Dubai Electricity and Water Authority (DEWA) Saeed Mohammed Al Tayer discussed consolidating...
- DEWA’s current capacity has reached 490 Million Imperial Gallons per Day of desalinated water.
- DEWA is also working to increase the capacity of the transmission and distribution networks.
Geostrategy
UAE highlights food, energy insecurity at G20 Finance Track meeting
CHENNAI, INDIA - The UAE spoke on food and energy insecurity and their implications in the second Framework Working Group...
- The UAE delegation highlighted emerging uncertainties in the finance sector.
- The delegation discussed effective ways to promote global financial stability.
Saudi Arabia’s Women’s National Team enters FIFA World Ranking
The national team, commonly known as the ‘Green Falcons’, are currently led by Finish Head Coach Rosa Lappi-Seppälä, who took...
- Historic moment forms part of the country’s massive investment in the women’s game in recent years
- The Women’s Football Department of the Saudi Arabian Football Federation was established in 2019
Business
Demand for green goods grows amid global trade slow down in H2 2022: UNCTAD
The market for electric cars, solar and wind energy, green hydrogen is expected to quadruple in value by 2030 to...
- Trade in green goods grew by four percent in the second half of 2022, reaching a record $1.9 trillion in 2022
- The market for electric cars, solar and wind energy, green hydrogen is expected to quadruple by 2030 to reach $2.1 trillion
Economy
E-invoicing: Saudi Arabia stipulates criteria for selecting establishments
Riyadh, Saudi Arabia - Saudi Zakat, Tax and Customs Authority (ZATCA) has identified the criteria for selecting the establishments targeted...
- The authority said it would inform the selected establishments six months before the enrollment date
- Implementation of the first phase of the e-invoicing system began on December 4, 2021
Business
ENOC Group unveils five-pillar growth strategy
Dubai, UAE - ENOC Group on Thursday unveiled its five-pillar long-term growth strategy after having recorded its best performance ever...
- The group recorded a 60 percent increase in EBITDA last year in comparison to 2021
- Its Strata marine lubricants arm recorded a 350% sales growth in the last two years
KIPCO’s 2022 profit soars 44%
Earnings per share went up 15% to $2.3 cents.
- Earnings per share were up 15 percent from US$ 2 cents to US$ 2.3 cents
- Shareholder equity increased 81 percent from US$ 1.1 billion to US$ 1.9 billion
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
UN envoy warns Syria conflict persists as rebels seek international ties post-Assad ouster
The UN migration chief expressed concerns about large-scale refugee returns destabilizing Syria further, particularly affecting religious minorities who fled violence...
Geostrategy
Company News
Latest News
Saudi insurance sector targets 25m beneficiaries by 2030
Riyadh, Saudi Arabia - Saudi Arabia saw an 18% surge in health insurance beneficiaries in 2022, reaching a total of...
Economy
Yanbu industrial port receives first RORO vessel, carrying nearly 2,000 cars
Yanbu, Saudi Arabia - The King Fahad Industrial Port in Yanbu welcomed the arrival of the "Hoegh Sydney," marking the...
Business
Dubai Duty Free achieves all-time record sales of over US$2.16bn in 2023
DUBAI, UAE - The New Year began on a high note for Dubai Duty Free with the announcement of an...
Business
Most Read
Geostrategy
UAE participates in UN Peacekeeping Ministerial Meeting in Ghana
ACCRA, GHANA - A United Arab Emirates delegation led by Dr. Rashed Ali Al Kaabi, Assistant Minister of Foreign Affairs...
- The ministerial meeting was the first in Africa with previous sessions taking place in the US, the UK, Canada and the Republic of Korea.
- The UAE delegation head held several meetings with the heads of attending delegations, including France, the UK, Bangladesh and others.
Geostrategy
Situation in Red Sea is direct projection of developments in Gaza: Russian diplomat
"I think that hardly anyone of our counterparts will deny the fact that developments in the Red Sea are the...
- Russia has concerns regarding "the state of affairs in the Red Sea area, Nebenzya said adding trade routes passing through it are a critical artery for international commerce
- Twelve nations led by the United States on Wednesday jointly warned Yemen's Houthi rebels of unspecified consequences unless they immediately halt sea attacks
Business
King Abdulaziz International Airport serves 42.7m passengers in 2023, a 36% growth
Jeddah, Saudi Arabia — King Abdulaziz International Airport served over 42.7 million passengers in 2023, reflecting a remarkable growth rate...
- The total number of flights reached 250,000, a 25% jump compared to 2022, which recorded 200,000 flights
- Its Terminal 1 ranked first with 179.9 thousand flights, a 16% increase compared to 2022, which recorded 154.6 thousand flights