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
Mawani, MARASI ink pact to establish Seafarers Club in Saudi ports
Mawani has been working to strengthen the position of Saudi ports as a part of the Kingdom’s National Transport and...
- Mawani has been working to strengthen the position of Saudi ports as a part of the Kingdom’s National Transport and Logistics Strategy
- The Seafarers Club will have various amenities including a hotel, call centers, cafes, entertainment halls, multiple restaurants, a food commodity store
Science
WEF’s Open Forum from Jan 16-20 to focus on global environment
DAVOS-KLOSTERS, SWITZERLAND – As part of the World Economic Forum Annual Meeting 2023, this year’s Open Forum Davos from January...
- Leaders from all walks of life will explore opportunities and solutions for the many environmental crises that the world is facing.
- The meet will discuss the lessons the world has learned, and the biggest challenges the people face in the fight to stabilize the climate.
Geostrategy
Baghdad-Amman oil pipeline will soon be functional, says Iraqi Parliamentary Speaker
BAGHDAD, IRAQ - Iraqi Parliamentary Speaker Mohammed al-Halbousi said that an oil pipeline from Basra port to the Jordanian port...
- Iraq and Jordan will form joint parliamentary committees to overcome legislative impediments to projects.
- The Jordanian delegation held a series of meetings with Iraqi officials.
Geostrategy
UAE energy minister, Romanian counterpart discuss cooperation
ABU DHABI, UAE - UAE Minister of Energy and Infrastructure and Romanian Minister of Energy discussed ways to enhance cooperation...
- The UAE and Romanian ministers discussed importance of international cooperation to address climate change.
- The ministers discussed ways and means to develop cooperation between the two countries
Business
Masdar inks pact with 4 Dutch firms for exporting green hydrogen from Abu Dhabi
ABU DHABI, UAE - Masdar signed an agreement with four Dutch companies to explore the development of a green hydrogen...
- Masdar, , one of the world’s leading clean energy companies, inked an agreement with Port of Amsterdam, SkyNRG, Evos Amsterdam and Zenith Energy.
- Green hydrogen is produced with green electricity from renewables like wind or solar, in a process that separates water into oxygen and hydrogen via electrolysis.
Business
Dubai emerging as a global hub for superyachts
Streamlined legislation, increased investment in infrastructure and hosting of international maritime events contribute towards growth of Dubai’s yachting industry.
- Streamlined legislation, increased investment in infrastructure and hosting of international maritime events contribute towards growth of Dubai’s yachting industry
- After Dubai’s participation recently at the Monaco Yacht Show, and the recent Gulf Superyacht Summit 2022 hosted in Dubai the future looks bright for Dubai’s yachting industry
Arts & Culture
Camel Club, ICO sign partnership to promote Saudi Camel Heritage
The Camel Club will be participating in all events organized by the ICO in the kingdom as a local and...
- The Camel Club will be participating in all events organized by the ICO in the kingdom as a local and international strategic partner
- The ICO will issue international certificates for participants at King Abdulaziz Camel Festival according to its accredited standards
Geostrategy
Qatar’s role in European energy security is vital: Dutch Foreign Minister
Hoekstra expressed his country's desire to continue working with Qatar on issues of common concern and to expand cooperation.
- Hoekstra expressed his country's desire to continue working with Qatar on issues of common concern and to expand cooperation
- He expressed his country's appreciation for the Qatar's mediation efforts undertaken in various regions, noting that the Netherlands and Qatar are partners in such efforts
Geostrategy
UAE, UK sign agreement to cooperate in the energy sector
ABU DHABI, UAE - UAE Ministry of Energy and Infrastructure signed a Memorandum of Understanding (MoU) with UK Department for...
- The agreement aims to exchange information, knowledge, expertise and studies in the field of energy
- The MoU aims to enhance strategic and technical cooperation in the energy sector, develop renewable energy technologies including regulatory frameworks and incentives.
Economy
UAE, Saudi Arabia provide Pakistan $4bn lifeline to tide over its economic woes
The UAE pledged to roll over $2 billion in debt due over the next two months, with an additional $1...
- The UAE agreed to roll over $2 billion in debt due over the next two months, with $1 billion more pledged during Prime Minister Shehbaz Sharif's visit
- The Saudi Fund for Development (SFD) signed an agreement in Islamabad to fund $1bn worth of oil imports on deferred payment
Most Read
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
DP World, Zee Entertainment rope in David Warner for ILT20 Season 2 marketing campaign
Dubai, UAE - Australian cricket star David Warner along with Indian top Indian cricketer Harbhajan Singh will lead the marketing campaign...
Business
Iran foreign minister, Hamas chief discuss Gaza developments
Tehran, Iran - Iranian Foreign Minister Hossein Amir-Abdollahian held a phone conversation with Hamas chief Ismail Haniyeh on Friday night...
Geostrategy
Nasdaq faces $4m penalty for alleged Iran sanctions violations
New York, United States - Nasdaq Inc., headquartered in New York, has agreed to pay a $4 million settlement to...
Business
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Business
Chinese firm announces $5bn investment in solar power chain in UAE
Dubai, UAE - Trina Solar, a Chinese renewable energy company, announced on Thursday plans to invest US$5 billion to create...
- Katherine Gao, Trina Solar CEO, described COP28 as an inspiring platform for leading companies to showcase their smart solutions in the fields of renewable energy
- The event, she added, provides an opportunity to exchange solutions with industry leaders and governments to integrate environmental practices across the supply chain
2 crew members killed as Saudi fighter jet crashes
An investigation into the cause of the recent accident has been initiated, with Maliki informing the Saudi Press Agency (SPA)...
- The incident occurred at King Abdulaziz Air Base in Dhahran, where the aircraft, belonging to the kingdom's fleet of F-15SAs, was engaged in its training maneuvers
- The event follows a similar occurrence five months prior when another F-15SA crashed in the training area of an air base in Khamis Mushait city, resulting in the loss of two lives
Business
Dubai Municipality, DEWA ink pact to generate electricity from landfill biogas
DUBAI, UAE - Dubai Municipality and Dubai Electricity and Water Authority (DEWA) have signed an agreement on the sides of...
- The signing supports Dubai’s leading sustainability practices and the realition of the UAE Net Zero Strategy 2050.
- Dubai Municipality is building align with its aspiration to build a more sustainable, pioneering and liveable city.