United by innovation and progress: The enduring US-UAE partnership
‘’In close partnership, we are working to advance multilateral diplomatic solutions and provide urgently needed humanitarian assistance in Gaza and...
AI adoption in GCC surges as governments and the private sector embrace technology
With 93% of Saudi workers considering generative AI essential, alongside 95% in the Middle East and 79% globally, the region's...
Geostrategy
Egyptian President in UAE, to attend World Government Summit in Dubai
The two leaders exchanged discussed "brotherly bilateral ties" and aspects of joint cooperation and ways of furthering them
- The two leaders exchanged discussed "brotherly bilateral ties" and aspects of joint cooperation and ways of furthering them
- President El-Sisi will outline Egypt's economic and development policies and priorities at World Government Summit
Business
DEWA’s R&D Center registers its 7th patent for 3D printing adhesive device
DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) has announced the registration of a new patent for an adhesive...
- The device distributes the adhesive material on the 3D printing plate, ensuring that the printed material sticks securely to the build plate.
- DEWA's R&D Center is responsible for supporting innovation in all production and operational areas.
Geostrategy
Iranians celebrate 44th anniversary of Islamic revolution
this year, many flag-waving people travelled on foot to converge on the capital's iconic Azadi (Freedom) Square, despite chilly temperatures....
- State television said the celebrations were held in 1,400 cities and towns across the country, airing footage of large rallies in Isfahan, Mashhad, Shiraz, and Tabriz
- For the past two years, the 1979 overthrow of the Western-backed Shah was commemorated mainly in vehicles and on motorcycles due to Covid restrictions
Economy
OPEC Fund supports critical infrastructure in Africa with $50m loan
The proceeds of the 10-year loan will be used to improve connectivity, transport, logistics, trade and to boost access to...
- The proceeds of the 10-year loan will be used to improve connectivity, transport, logistics, trade and to boost access to energy across the African continent
- Africa’s economic growth has been slowed by global supply chain disruptions and rising costs in the aftermath of the COVID-19 pandemic
Business
First Abu Dhabi Bank not eyeing offer for Standard Chartered
The company, second time it has quashed reports of an imminent bid, refuted the speculations in the press in a...
- The company, second time it has quashed reports of an imminent bid, refuted the speculations in the press in a report to Abu Dhabi Securities Exchange
- Standard Chartered is a British multinational bank with operations in consumer, corporate and institutional banking, and treasury services
Business
ADNEC posts strong 2022 growth
In 2022, the Group launched its new corporate identity.
- In 2022, the Group launched its new corporate identity including exhibition and conference centres, events, hospitality, event services, and hotels
- A number of specialized companies work within ADNEC Group in six key business areas, led by ADNEC Convention and Exhibition Centres
Business
UAE MoIAT, Sharjah FDI Office ink MoU to promote investment
SHARJAH, UAE - The UAE's Ministry of Industry and Advanced Technology (MoIAT) and Sharjah Foreign Direct Investment Office (Invest in...
- The aim of the MoU is to support sustainable economic growth within a supportive economic environment.
- The MoU enhances cooperation between MoIAT and the Sharjah Foreign Direct Investment Office (Invest in Sharjah), through work and partnerships
Business
Dubai Chamber encourages firms to apply for parent-friendly label
DUBAI, UAE - As many individuals in the UAE face challenges in balancing work and family obligations, parent-friendly workplace policies...
- Working families in the UAE often need to make difficult trade-offs to fulfill their commitments.
- Research has shown that flexible working options are important to 90 percent of the UAE workforce.
Business
Industry experts discuss fintech at Sharjah Investment Forum 2023
SHARJAH, UAE - Financial innovation and technology trends in global financial services sector were in the spotlight during a panel...
- Fintech and traditional financial institutions are intertwined and depend on each other.
- Fintech reaches populations who may not have access to traditional banking system.
Business
TECOM reports $0.54bn revenue
The group maintained a healthy debt profile.
- The results showed strong demand for the Group's commercial and industrial properties, supported by Dubai's strong macroeconomic environment
- Earnings before interest, taxes, depreciation and amortization (EBITDA) increased by 15 percent year-on-year to $0.36 billion
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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
United by innovation and progress: The enduring US-UAE partnership
‘’In close partnership, we are working to advance multilateral diplomatic solutions and provide urgently needed humanitarian assistance in Gaza and...
Company News
Empower 9M revenue $618m
Business
Latest News
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...
Business
UAE banking sector sees $71.87 billion in savings deposits until October 2023
Dubai, UAE - Savings Deposits in the banking sector in the UAE, excluding interbank deposits, hit $71.87 billion by the...
Economy
Most Read
Arts & Culture
From the Ashes: Saudi film inspired by true events set to premiere on Netflix
Riyadh, Saudi Arabia - "From the Ashes," a Saudi film inspired by true events, is poised to debut on Netflix...
- The film intricately unfolds within the confines of an all-girls' school, where a seemingly routine day takes a harrowing turn when a fire erupts in the school's basement
- What ensues is a riveting portrayal of chaos, panic, but above all, the resilience and fortitude of those trapped within
EU reaches agreement on reforming bloc’s migration laws
Spain, which chaired the lengthy negotiations in its role holding the EU presidency, said on X, formerly Twitter: "A political...
- The reform includes speedier vetting of irregular arrivals, creating border detention centres, and accelerated deportation for rejected asylum applicants
- The accord still needs to be formally approved by the European Council, representing the 27 EU member countries, and the European Parliament before it enters the bloc's lawbooks
Saudi Arabia introduces unified platform for visas, including Hajj, Umrah
Riyadh, Saudi Arabia - Saudi Arabia on Tuesday introduced 'KSA VISA,' a unified visa platform aimed at streamlining visa application...
- The platform aims to automate visa issuance procedures, thereby enhancing the overall visitor experience
- The initiative is a step in the kingdom's strategy to bolster tourism in the forthcoming years