Saudi Arabia to host largest health event with global participation on Oct 21-23
Riyadh, Saudi Arabia – Saudi Arabia is preparing to host the seventh edition of the Global Health Forum under the...
Saudi Arabia achieves 73 percent increase in international tourist arrivals: UN report
The kingdom welcomed 17.5 million international tourists in the first seven months of 2024, leading G20 nations in tourism growth...
Economy
Business
EGA and ENEC top officials discuss UAE’s clean energy future
EGA has a strategic initiative with TAQA, Dubal Holding, and EWEC to divest its natural gas-fired power plants and instead...
- EGA has a strategic initiative with TAQA, Dubal Holding, and EWEC to divest its natural gas-fired power plants and instead source its electricity needs through the grid from EWEC
- Nuclear energy-generated electricity is particularly important for decarbonising heavy industries, which need large volumes of continuous electricity to power industrial processes
Business
Crescent Petroleum inks three contracts to develop oil, gas fields in Diyala, Basra
The agreements will deliver much needed natural gas to fuel nearby power plants, creating thousands of new jobs in Diyala...
- The agreements will deliver much needed natural gas to fuel nearby power plants, creating thousands of new jobs in Diyala and Basra
- The Gilabat-Qumar and Khashim Ahmer-Injana fields will be developed in Diyala Province and the Khider Al-Mai block in Basra province
Economy
Qatar-US trade exchange hits $9.46bn: Qatari official
Al Khater said that the total direct Qatari investments in the US amounted to about $69 billion, and that 856...
- Al Khater said that the total direct Qatari investments in the US amounted to about $69 billion, and that 856 US companies operate in the Qatari market
- He pointed out that the World Bank expected Qatari economy to grow by 3.4 percent in 2023, and highlighted the international rating agencies' positive outlook for the country
Business
DP World, Caspian Containers Company partner to help digitise international trade
The SeaRates platform will enable Caspian Containers Company customers to monitor the status and movement details of a container at...
- The SeaRates platform will enable Caspian Containers Company customers to monitor the status and movement details of a container at any point during its journey
- In addition to supporting the digitising of trade, the partnership will further strengthen ties in the two growing markets of the Greater Caspian Region and Africa
Geostrategy
Sharjah, Costa Rica explore trade, food security
SHARJAH, UAE - Chairman of the Department of Government Relations (DGR) in Sharjah Sheikh Fahim Al Qasimi recently met with...
- The Costa Rican delegation was briefed on Sharjah free zones and industrial zones.
- The Costa Rican minister said the meeting explored opportunities to strengthen trade between the two sides.
Geostrategy
FNC Speaker, Canadian Senate Speaker discuss strengthening parliamentary ties
ABU DHABI, UAE - Speaker of the UAE Federal National Council Saqr Ghobash received the visiting Speaker of the Senate...
- UAE and Canada discussed the development and activation of parliamentary diplomacy between the two countries.
- The meeting touched on the latest developments in the region and efforts aimed at confronting terrorism and extremism.
Economy
Israel Finance Minister Smotrich vows central bank independence
Israel's inflation rate hit a 14-year high of 5.4 percent in January, prompting the central bank to raise interest rates...
- Israel's inflation rate hit a 14-year high of 5.4 percent in January, prompting the central bank to raise interest rates by half a percentage point
- On Monday, foreign minister Cohen slammed the central bank for raising its benchmark interest rate again at a time when inflation was moderating
Geostrategy
Jordan, Algeria discuss closer economic cooperation
AMMAN, JORDAN - A Jordanian ministerial delegation met with a number of Algerian ministers in the North African country on...
- Jordan and Algeria reached an agreement on a roadmap to advance economic, trade, and investment cooperation for the years 2023–2025.
- The road map highlights key cooperation projects with the objective of expanding trade exchanges, inter-investment volume.
Economy
Dubai Government repays $1.08bn worth of Sukuk
The Government also prepaid an additional US$300 million of Sukuk through an early redemption, almost four years ahead of its...
- The Government also prepaid an additional US$300 million of Sukuk through an early redemption, almost four years ahead of its maturity in November 2026
- The Public Debt Management Office said that the Government has fully redeemed the Sukuk through the settlement of payable amounts, including accrued profits, to the investors
Geostrategy
UN Security Council condemns Israeli settlements, terming them as obstacle to peace
The council stressed that the continuation of Israeli settlement activity endangers the principle of the two-state solution.
- The council stressed that the continuation of Israeli settlement activity endangers the principle of the two-state solution
- It reaffirmed its firm commitment to the vision of a two-state solution, in accordance with international law and relevant UN resolutions
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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
Saudi Arabia to host largest health event with global participation on Oct 21-23
Riyadh, Saudi Arabia – Saudi Arabia is preparing to host the seventh edition of the Global Health Forum under the...
Company News
Fertiglobe Q3 revenue of $525m
Business
Latest News
EDGE acquires 52% of ANAVIA
Business
Oman year-on-year growth rate touches 15.4 percent
Muscat, Oman - Oman's achieved a 15.4% year-on-year sector growth, as reported by the National Center for Statistics and Information...
Economy
Saudi Chemical Co announces dividend
The company will distribute $11,385,120 to its shareholders.
Most Read
Geostrategy
Russia extends ban on entry of trucks from EU, UK, Norway, Ukraine
MOSCOW, RUSSIA - The Russian government has extended the ban on the entry of trucks from the European Union, the...
- “The restriction will remain in effect until the circumstances that served as the basis for its introduction are eliminated,” the Russian Cabinet said.
- The ban was introduced in 2022 as a response to the EU’s decision not to allow trucks with Russian and Belarusian license plates through.
Geostrategy
Sheikh Hamdan approves $41m worth bonus for civilian employees of Dubai govt entities
DUBAI UAE - Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince and Chairman of The Executive Council of...
- The bonuses will be granted to eligible civilian employees based on the criteria set by the DGHR.
- The Dubai Government remains committed to acknowledging excellence and holds in high regard those who make significant contributions
Arts & Culture
10m people attend Riyadh Season 2023 events in first 50 days, says report
RIYADH, SAUDI ARABIA - According to the Riyadh Season, 10 million people took part in the activities organized in the...
- Riyadh Season 2023 started in late October, and since then, it has witnessed a large visitor turnout at all entertainment areas.
- At the Season, visitors can enjoy concerts, exhibitions, festivals and other events in which celebrities and prominent brands participate.