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
Domestic worker visa applications in UAE up 66% in June 2024, says a report
The UAE, relying on domestic workers (5% of the population), invests $3 billion annually, highlighting the rising demand for domestic...
Economy
Dubai Can initiative cuts single-use plastic bottle usage by over 7mn
The success of the initiative is reflected in the fact that Dubai Can has been widely adopted in the city.
- The success of the initiative is reflected in the fact that Dubai Can has been widely adopted in the city
- Dubai Can has placed water fountains in strategic places across the city, including public parks, beaches, and popular tourist destinations
Economy
Tunisia coastguard intercepts over 400 migrants in single night
The Tunisian coastguard said Sunday it had intercepted overnight more than 400 migrants trying to reach Europe by sea in...
- Tunisia, which at points is less that 90 miles from the Italian island of Lampedusa, is a key departure point for Tunisian and other African migrants seeking better lives in Europe
- Rome says more than 32,000 migrants, including 18,000 Tunisians, reached Italy from Tunisia last year, while thousands more have departed from neighbouring Libya
Business
Dubai Chamber of Digital Economy hosts industry workshop
DUBAI, UAE - Dubai Chamber of Digital Economy, one of the three chambers operating under Dubai Chambers, has hosted the...
- The workshop saw discussions on topics surrounding regulations, funding, talent, and infrastructure.
- The dialogue sought to provide clarity and a better understanding of the opportunities and challenges faced by e-commerce companies.
Business
DEWA CEO discusses bilateral cooperation with Emerson
DUBAI, UAE - MD and CEO of Dubai Electricity and Water Authority (DEWA) Saeed Mohammed Al Tayer received a high-level...
- DEWA, Emerson discussed advancing sustainability and consolidating foundations for environmental, social, and corporate governance.
- Clean energy makes about 14 percent of the total energy production capacity in Dubai.
Geostrategy
UAE, India mark first anniversary of signing CEPA with series of events
DUBAI, UAE - Minister of State for Foreign Trade Dr. Thani bin Ahmed Al Zeyoudi has marked the first anniversary...
- The Federation of Indian Chambers of Commerce and Industry is on a four-day visit to the UAE to mark the signing of CEPA.
- The FICCI delegation comprises over 100 exporters, start-ups and business owners.
Arts & Culture
UAE’s Abrahamic Family House encloses a mosque, a church, and a synagogue
The project was inspired by the principles in the Document on Human Fraternity, signed by Pope Francis and Grand Imam...
- The project was inspired by the principles in the Document on Human Fraternity, signed by Pope Francis and Grand Imam Dr. Ahmed El-Tayeb in Abu Dhabi in 2019
- The three houses of worship are of equal stature and share external dimensions, and have been designed by Sir David Adjaye of Adjaye Associates
Business
Oman Qatar Insurance merges with Vision Insurance
The merger was settled with Vision Insurance Company’s existing shareholders by Oman Qatar Insurance Company.
- The merger was settled with Vision Insurance Company’s existing shareholders by Oman Qatar Insurance Company
- After the mergercertificate by Qatar Ministry of Commerce, Vision Insurance Company was delisted from Muscat Stock Exchange
Economy
UAE trade minister meets US Jewish delegation to discuss relations
Al Zeyoudi highlighted the long-standing strategic relations between the UAE and the US, noting that their economic and trade exchanges...
- Al Zeyoudi highlighted the long-standing strategic relations between the UAE and the US, noting that their economic and trade exchanges are witnessing significant growth
- The two sides also discussed the prospects of boosting their partnership and exchanging expertise, and ways of maintaining peace and promoting the values of social tolerance
Business
UAB 2022 net profit at US$42m
Total operating income rose 11% in 2022 compared to 2021.
- UAB is focused on positioning itself as the partner of choice among major corporate clientele segments.
- The bank's CEO said that their focus will remain on the delivery of an enhanced customer experience.
Business
DEWA, France’s satellite operator Eutelsat discuss cooperation
DUBAI, UAE - MD and CEO of Dubai Electricity and Water Authority (DEWA) Saeed Mohammed Al Tayer spoke of the...
- DEWA CEO highlighted organization’s key initiatives and projects to promote sustainability, renewable and clean energy, and energy efficiency.
- These include DEWA’s space program (Space D) which supports the National Space Strategy 2030.
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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 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
Company News
Latest News
Ukraine says it shot down three Russian Su-34 fighters
Air force commander Mykola Oleshchuk said the Su-34 jets were downed around noon on Friday. In his announcement he noted...
Deyaar, Arady Properties sign MoU
Deyaar is a leading real estate developer in Dubai.
Saudi defense minister hosted by UK counterpart at Lancaster House in London
Riyadh, Saudi Arabia — UK's Secretary of State for Defense Grant Shapps welcomed Saudi Arabia's Minister of Defense Prince Khalid bin...
Geostrategy
Most Read
Economy
Central Bank of Egypt keeps interest rates unchanged
Cairo, Egypt – The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) has kept the current key...
- The decision leaves the overnight deposit rate at 19.25 percent and the overnight lending rate at 20.25 percent
- The MPC noted a decline in key international commodity prices, especially energy, which has eased global inflation pressures
Economy
Saudi EXIM Bank, DBK sign MoU
It will boost the trade between Saudi Arabia and Kazakhstan.
- Under the MoU, both banks have also agreed to exchange information, experiences, and best practices to enhance the development of services and products
- It will also facilitate collaborative research efforts and knowledge sharing to design export credit policies and practices and provide workforce training opportunities
Business
44 large direct deals on IHC worth $1.205 bn at ADX Thursday
Abu Dhabi, UAE – A wave of 44 large direct deals swept over the International Holding Company (IHC) shares on...
- Large direct deals are trades that are executed outside the order book and do not affect the closing price of the relevant company's stock
- They also do not affect the highest and lowest prices executed during the session and during the last 52 weeks