46,223 structures destroyed, 18,478 severely damaged in Gaza: UNOSAT
Geneva, Switzerland - The United Nations Satellite Centre (UNOSAT) has identified 46,223 destroyed structures, 18,478 severely damaged structures, 55,954 moderately...
Geostrategy
Dubai’s GDP tops $31.3 bn in Q1 2024, growing 3.2%
The financial and insurance sector saw a 5.6% rise, reaching USD 4.1 billion (AED 15.1 billion), supported by significant growth...
Business
DEWA is an organizing partner in Dubai International Project Management Forum 2023
DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) announced that it is participating in the 8th Dubai International Project...
- On the second day of the DIPMF, Saeed Mohammed Al Tayer, MD and CEO of DEWA, will participate in a panel discussion.
- DEWA will present practices and experiences implemented in Dubai, which has become a global benchmark for best practices.
Economy
Bahrain exports $2.98bn worth of products during Q4 2022
The value of imports rose by 0.3 percent, reaching $3.75 billion during the quarter compared to $3.72 billion in Q4...
- The value of imports rose by 0.3 percent, reaching $3.75 billion during the quarter compared to $3.72 billion in Q4 2021
- The top 10 countries accounted for 69 percent of the value of imports, while the remaining countries 31 percent
Economy
S&P Global and Moody’s confirm Qatar’s strong credit rating
Fitch and Capital Intelligence agencies also continued to rate Qatar's sovereign rating at the level of AA with a stable...
- Fitch and Capital Intelligence agencies also continued to rate Qatar's sovereign rating at the level of AA with a stable outlook, which reflects Qatar's strong creditworthiness
- Benjamin Young, a representative of S&P Global, revealed that it uses six basic pillars, each with grades, economic elements, and percentages in its rating of countries
Economy
Qatar, Pakistan finance ministers discuss investment, economic cooperation
The two ministers to explore cooperation in the fields of science and technology, agriculture, and education.
- The two ministers to explore cooperation in the fields of science and technology, agriculture, and education
- Pakistani finance minister also extended invitation to Ali bin Ahmed Al Kuwari to visit Pakistan, a press statement issued at the end of the meeting said
Geostrategy
Morocco votes to review ties with European Parliament
Morocco's Parliament "decided to reconsider its relations with the European Parliament and submit them for an overall evaluation," said Rachid...
- Members of both houses of Morocco's parliament met in the capital Rabat for a joint session in response to the non-binding European text adopted on Thursday
- In a statement later, they called the European resolution "an unacceptable attack against the sovereignty, dignity and independence of judicial institutions in the kingdom
Science
CST announces first Space Entrepreneurship Alliance in Saudi Arabia
RIYADH, SAUDI ARABIA - Saudi Arabia's Communications, Space & Technology Commission (CST) has announced the formation of a Space Entrepreneurship...
- The alliance was announced during the Commission's participation in the seventh edition of the Garage Disrupt event.
- The alliance seeks to connect entrepreneurs with investors and experts in the space sector.
Economy
Egypt signs $1.5 billion financing agreement with ITFC: reports
Egypt's Planning Minister Hala al-Saeed said at a signing ceremony that the financing cooperation portfolio between Egypt and the corporation...
- Egypt's Planning Minister Hala al-Saeed said at a signing ceremony that the financing cooperation portfolio between Egypt and the corporation had reached $14.5 billion
- With Russia's war in Ukraine causing its wheat and oil bills to rise, Egypt has recently agreed to a $3 billion IMF loan package to cope with a currency crunch
Business
Qatar, Cambridge University ink MoU to develop genome project
The project is a collaboration to develop and support an open information structure that will facilitate the comparative analysis of...
- The project is a collaboration to develop an open information structure that will facilitate the comparative analysis of financial regulations across jurisdictions
- Under the MoU, QFCRA and CJBS-RGP aim to enhance the use and usefulness of data in regulating the financial services industry
Economy
Inflation in Kuwait rose 3.15 percent in 2022
The Kuwait Central Statistical Bureau said that inflation rate rose 0.17 percent in December on a monthly basis.
- The Kuwait Central Statistical Bureau said that inflation rate rose 0.17 percent in December on a monthly basis
- Record number of the food and beverages went up by 7.48 percent, compared to December 2021
Geostrategy
CBUAE, Egyptian Banking Institute discuss training, cooperation
ABU DHABI, UAE - The Central Bank of the UAE (CBUAE) and the Egyptian Banking Institute (EBI) which is under...
- CBUAE and Egyptian Banking Institute reviewed the prospects to enhance cooperation and exchange information.
- They also discussed supporting professional capabilities-building and expertise development.
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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
46,223 structures destroyed, 18,478 severely damaged in Gaza: UNOSAT
Geneva, Switzerland - The United Nations Satellite Centre (UNOSAT) has identified 46,223 destroyed structures, 18,478 severely damaged structures, 55,954 moderately...
Geostrategy
Company News
Latest News
CBUAE joins the Gulf payments system AFAQ
Abu Dhabi, UAE - The Central Bank of the UAE (CBUAE) joined AFAQ Payments System, which is operated by the Gulf...
Business
Global trade likely to decline in 2023 due to changing trade patterns, geopolitics
DUBAI, UAE - The outlook for 2024 remains “highly uncertain and generally pessimistic,” UNCTAD says in the Global Trade Update,...
Economy
Google releases the top trending searches of the year in MENA
Dubai, UAE - Google on Monday released the top trending searches of 2023 for the Middle East and North Africa....
Research
Most Read
SEWA seeks to enhance cooperation with Siemens Energy
Sharjah, UAE -- Sharjah Electricity, Water and Gas Authority (SEWA), has decided to enhance cooperation with Siemens Energy.in developing energy...
- Heads of both the companies on Sunday discussed the latest developments in the energy sector
- SEWA commited to cooperate with all local and international bodies to apply the latest technologies and digital transformation
Business
PIF sets up agri and ecotourism firm Dan Company
RIYADH, SAUDI ARABIA - The Public Investment Fund (PIF) announced on Monday the establishment of Dan Company, specializing in agritourism...
- The company plans to develop unique tourism projects around cities across Saudi Arabia with attractive natural and farmed landscapes.
- Dan aims to involve local communities in imparting experience that enables visitors to fully interact with Saudi regional culture and traditions.
Business
EasyLease buys 60% stake in Fully Charged
Fully Charged has expertise in EV charging technology.
- The move marks a significant step for EasyLease, reinforcing its presence in the sustainable mobility sector and establishing a role in the industry's development
- A suite of services, covering home charger installations, corporate charging solutions, and reliable ongoing support, has been instrumental in the success of Fully Charged