Chinese company to build Saudi Arabia’s first ocean park
Riyadh, Saudi Arabia - Haichang Ocean Park Holdings, China's largest ocean theme park operator, announced plans on Thursday to build...
Business
Telegraph report on Hizbollah weapons at Beirut airport sparks outrage
Dubai, UAE - An article in The Telegraph alleging that Hizbollah is stockpiling Iranian weapons at Beirut International Airport (BIA)...
Geostrategy
Ronaldo arrives in Saudi Arabia ahead of grand Al Nassr unveiling
Ronaldo, who left Manchester United under a cloud after slamming the club in a TV interview, will appear at Al...
- The 37-year-old, a five-time winner of the Ballon d'Or, touched down in the capital late on Monday, according to Al Ekhbariya state run TV
- The latest, and possibly final, chapter in an illustrious career comes weeks after Portugal's quarter-final exit from the World Cup in neighbouring Qatar
Geostrategy
UNESCO praises Saudi Arabia for its success in e-education governance
RIYADH, SAUDI ARABIA - The United Nations Educational, Scientific and Cultural Organization (UNESCO) has praised the achievements of Saudi Arabia...
- UNESCO said that Saudi Arabia's National E-Learning Center is an example to be followed at the international level.
- The National E-Learning Center supports the development of governance procedures in the electronic education and training sector.
Business
Regional maritime sector event to be held in the UAE
DUBAI, UAE - Seatrade Maritime Logistics Middle East (SMLME) is set to take place from May 16 to 18 2023,...
- The region’s maritime sector will come together and discuss a wide range of topics concerning the industry's future.
- The event’s relevance to the sector and its potential impact on the region’s economy has helped it gain the support of major industry players.
Economy
Over 2m riders used public, shared transport during New Year’s Eve in Dubai
DUBAI, UAE - Dubai’s Roads and Transport Authority (RTA) confirmed that 2,166,821 riders used its public transport, shared mobility means...
- The figure reflects a 33 percent rise from last year’s number, which was 1,632,552 riders.
- The breakdown of ridership for metro and tram were: Metro: 958,161 riders (compared to 640,175 last year), Tram: 49,855 riders (34,672 last year).
Economy
China’s manufacturing activity drops despite lifted Covid restrictions
For more than two years, China had insisted on a zero-Covid strategy of stamping out outbreaks with strict quarantines, lockdowns...
- The Purchasing Managers' Index (PMI) -- a key gauge of manufacturing in the world's second-biggest economy -- came in at 47 points, down from November's 48
- The index has not been in positive territory since September, and December's figure was lower than the 47.8 reading predicted by Bloomberg analysts
Business
Hudini set to double growth in 2022
With over 60% of hotel executives looking to introduce a fully contactless experience by 2025, Hudini witnesses unprecedented demand for...
- With over 60% of hotel executives looking to introduce a fully contactless experience by 2025, Hudini witnesses unprecedented demand for its solutions
- Hudini enables hotels to provide a connected guest journey from pre-arrival to post departure, ensuring a faster, contactless, and hyper-personalized service delivery
Economy
UAE secured 41.5% of Japan’s crude oil needs in November
Japan imported a total of 77.53 million barrels in the month, according to the Japanese Ministry of Economy, Trade and...
- Japan imported a total of 77.53 million barrels in the month, according to the Japanese Ministry of Economy, Trade and Industry
- Over 95%, originated from six Arab countries: UAE, Saudi Arabia, Kuwait, Qatar, Bahrain and Oman, with the Emirates being the Asian nation's top exporter of oil
Economy
Gold set for strong quarterly rise after interest rate-driven drop
Gold prices moved up on Friday, as the non-yielding metal is on course to close its best quarter since June...
- Gold prices moved up on Friday, as the non-yielding metal is on course to close its best quarter since June 2020
- Back-to-back rate hikes by the US central bank pushed gold to a more than two-year low in September
Business
Dubai Courts, Moro Hub ink pact to enhance cooperation in cyber security
DUBAI, UAE - Dubai Courts signed a Memorandum of Understanding with Moro Hub, a subsidiary of Digital DEWA, the digital...
- Leveraging on Moro’s capabilities, the MoU will serve the society’s interest in providing a comprehensive legal framework to combat cybercrimes.
- The MoU will help in exchange of knowledge and leverage on expertise as per Dubai Courts mission of achieving precise and swift justice.
Science
EAD imposes fines worth US$89,312 over environment violations
ABU DHABI, UAE - The Environment Agency – Abu Dhabi (EAD) has imposed 32 administrative fines, totaling US$89,312 (AED328,000) since...
- The Agency followed up with the violating establishments to ensure that corrective measures were taken to remove or mitigate the causes.
- Violations included submitting incorrect data to EAD, changing data contained in licenses, or polluting the soil, water or air in protected areas.
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
Chinese company to build Saudi Arabia’s first ocean park
Riyadh, Saudi Arabia - Haichang Ocean Park Holdings, China's largest ocean theme park operator, announced plans on Thursday to build...
Business
Company News
Latest News
Mandoob shines light on Riyadh’s social transformation
Arts & Culture
Saudi Arabia, Turkiye strengthen collaboration in agriculture, water management
RIYADH, SAUDI ARABIA – The Kingdom's Minister of Environment, Water and Agriculture Eng. Abdurrahman bin Abdul Mohsen Al-Fadhli signed a...
Geostrategy
Masdar, EDF to develop up to 3.6GW of hydropower, renewable projects in Kyrgyzstan
Dubai, UAE – Abu Dhabi Future Energy Company (Masdar), the UAE’s clean energy powerhouse, and EDF have signed an agreement...
COP28 UAE
Yemeni rebels attack British ship in Bab el-Mandeb Strait: report
Dubai, UAE - Rebels from the Yemeni Ansar Allah movement (the Houthi) have staged a drone attack on a British...
Geostrategy
Most Read
Business
Zain KSA expands 5G network
The company launched the first zero-emission 5G network.
- The network expansion supports Zain KSA’s strategic goal of accelerating the nationwide digital transformation by providing high-speed digital services
- The 5G network expansion complements Zain KSA's growing portfolio of bespoke 5G applications and pioneering solutions in artificial intelligence (AI)
Science
Saudi Space Agency, US Sierra Space partner to develop national capabilities
Riyadh, Saudi Arabia - The Saudi Space Agency (SSA) signed a memorandum of understanding (MoU) with Sierra Space, a leading...
- The memorandum was signed by SSA CEO, Dr Mohammed bin Saud Al-Tamimi, and Sierra Space CEO, Tom Vice
- The signing ceremony was attended by the Saudi Minister of Communications and Information Technology Eng. Abdullah bin Amer Al-Sawaha
COP28 UAE
Abu Dhabi Global Market announced as home to $30 billion ALTÉRRA
Abu Dhabi, UAE - The Abu Dhabi Global Market (ADGM) was announced as the home of the newly launched catalytic...
- As the principal climate finance partner of COP28, ADGM has played a pivotal role in shaping the global dialogue on climate finance
- The initiative, which saw the UAE commit a US$30 billion in catalytic capital, positions ALTÉRRA to mobilise US$250 billion globally by 2030