UAE to host 2025 Asia-Pacific amateur championship at Emirates Golf Club
Gotemba, Japan -- The Asia-Pacific Golf Confederation (APGC), the Masters Tournament and The R&A has announced that the 16th Asia-Pacific...
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...
Economy
Geostrategy
Jordan Senate, Arab Parliament speakers discuss regional issues
AMMAN, JORDAN - The Speaker of Jordan's Senate Faisal Fayez met with Arab Parliament Speaker Adel Abdulrahman Al-Asoomi and discussed...
- The Speaker of Jordan's Senate is heading a delegation to Cairo at the invitation of the Egyptian Senate Speaker.
- The Jordan Senate Speaker stressed the need for Arab parliaments to play a more effective role in addressing the region's challenges.
Economy
OFID to provide $25m for Niger’s solar energy development
Vienna, Austria - The OPEC Fund for International Development (OFID) is offering a US$25 million loan for solar energy development...
- The OPEC Fund is joining forces with the African Development Bank, Power Africa, the Green Climate Fund and the Government of Niger
- The project also includes extending 2,600 km new transmission lines connecting cities in Niger’s south and the capital Niamey
Economy
Lebanon banks ‘have no liquidity,’ says bank association member
Beirut, Lebanon - Lebanon's commercial banks do not have enough liquidity to pay back depositors, the secretary general of the...
- Since 2019, Lebanon has suffered an unprecedented economic decline caused by decades of mismanagement and corruption
- The World Bank last year said Lebanon was likely to rank among the world's worst financial crises since the mid-19th century
Geostrategy
Iran threat, China-Russia influence prime focus of Pentagon chief’s Middle East visit
US Defense Secretary Austin also visits Baghdad to assure US support for Iraqi security, stability, and sovereignty ahead of the...
- Austin wrote on Twitter that he would meet key leaders and reaffirm the US commitment to regional stability and advancing the shared interests of our allies."
- Some areas for collaboration sought to be pursued are “integrated air and missile defense, maritime security, intelligence sharing and early warning systems”
Geostrategy
Saudi Arabia hints Syria could return to Arab League
As relations thaw after more than a decade of isolation, Saudi Arabia has suggested that closer cooperation with Syria may...
- Foreign Minister Prince Faisal bin Farhan Al Saud reaffirmed the Arab world's growing understanding that communication with Damascus was necessary
- Syria was largely cut off from the rest of the Arab world following its leader Bashar al Assad's brutal suppression of 2011 uprisings against his government
Business
KEZAD, Emtelle ink agreement
Emtelle to invest $50m to build manufacturing facility.
- The pact is the latest step in the expansion of Emtelle in the Middle East, following the acquisition and rebrand of AfriPipes Middle East in 2021.
- Emtelle is undertaking a major expansion into North America with the opening of a manufacturing facility in North Carolina, US.
Business
UAE, Saudi Arabia to lead IPO MENA markets: EFG Hermes
The investment bank is working on five diverse sectoral IPOs in the GCC market which will be launched between the...
- The investment bank is working on five diverse sectoral IPOs in the GCC market which will be launched between the second and fourth quarters of the year
- The UAE’s IPO pipeline was very strong last year with a number of public and private sector entities listing on the Dubai and Abu Dhabi stock exchanges
Arts & Culture
UAE shares view at first G20 Culture Working Group meeting
ABU DHABI, UAE - UAE Ministry of Culture and Youth (MCY) participated in the First G20 Culture Working Group (CWG)...
- G20 members, invited countries and international organizations attended the meetings of the Culture Working Group.
- The meeting discussed the challenges and opportunities in the cultural ecosystem on a global scale.
Geostrategy
Egyptian president, Iraqi PM discuss ties, alliance with Jordan
Cairo, Egypt — Egypt’s President Abdel Fattah el-Sissi held talks Sunday with Iraq’s prime minister Mohammed Shia al-Sudani in Cairo...
- The talks focused on economic cooperation and security ties between the two countries, according to Egyptian presidential spokesman Ahmed Fahmy
- The leaders of Egypt, Iraq, and Jordan have held five summits since 2019, the most recent of which took place in December near the Dead Sea in Jordan
Economy
Egypt’s foreign reserves rise $128m in February
Cairo, Egypt - Egypt’s foreign exchange reserves rose $127.9 million by the end of February to $34.352 billion, compared to...
- Foreign currencies in Egypt’s foreign reserves include the US dollar, euro, Australian dollar, Japanese yen and Chinese yuan
- Egypt's economy has come under pressure over the past year, with the Egyptian pound tumbling and foreign currency drying up
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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
UAE to host 2025 Asia-Pacific amateur championship at Emirates Golf Club
Gotemba, Japan -- The Asia-Pacific Golf Confederation (APGC), the Masters Tournament and The R&A has announced that the 16th Asia-Pacific...
Company News
Iranian Army reveals advanced Kaman 19 drone
Geostrategy
Latest News
UAE announces reduction in fuel prices for January
ABU DHABI, UAE - The prices of petrol and diesel are set to decrease in the country in January following...
Business
Bank takes over Amiantit subsidiary
The bank will absolve Amiantit of all its financial obligations.
Business
Most Read
Geostrategy
Iran asserts peaceful nuclear agenda amid western concerns
Tehran, Iran - Iran's nuclear program remains peaceful, said Nasser Kanani, the spokesman for the Iranian Ministry of Foreign Affairs,...
- Iranian foreign ministry spokesman Nasser Kanani reaffirmed the country's commitment to continuing cooperation with the IAEA
- Kanani said that Iran views negotiation and diplomacy as the best methods for resolving any unfounded concerns about its nuclear program
Geostrategy
UAE extradites the accused Gergely Franc to Belgium
Abu Dhabi, UAE - The UAE on Friday extradited Gergely Franc, an Albanian national, charged with premeditated murder, to Belgium....
- The accused was transferred according to the extradition agreement, signed by the United Arab Emirates and Belgium
- Such procedures confirm the UAE’s continued collaboration with international partners in the pursuit of international justice
Geostrategy
Israel to negotiate release of Gaza hostages: Netanyahu
Tel Aviv, Israel - Israel is negotiating the release of hostages held by the radical Palestinian movement Hamas in the...
- Netanyahu confirmed to hostages' families that Israel is working to get all the hostages back, adding that Qatar and Egypt have made two separate proposals
- His meeting with the families came ahead of a meeting of the war cabinet to discuss proposals by Qatar and Egypt to mediate in the Israel-Hamas conflict