Red Sea Fund opens applications for production cycle
Riyadh, Saudi Arabia - The prestigious Red Sea Fund has thrown open its doors to filmmakers across Arab and African...
Arts & Culture
UAE stocks see US$1.7bn inflow, IHC, Emaar lead
ABU DHABI, UAE- The UAE stock markets attracted liquidity of nearly AED6.5 billion during the week's trading, with the focus...
Business
Egypt economy to grow 5.2% in 2021-22
The IMF has completed the second review of Egypt’s economic reform program allowing the authorities to draw about $1.7 billion...
Many UAE firms to receive $5 billion in lending from HSBC
HSBC said its Navigator 2020 report showed 81 percent of companies in the UAE were expected to increase investment spending...
UAE residents splurge on food and beverages, cut back spending on expensive goods
73 percent of consumers have admitted to changing their shopping habits The spending power of people has taken a big...
A Kuwaiti online flower delivery company raises $27.5 million
Floward, founded in 2017, offers same-day delivery for fresh-cut flowers The firm also announced an expansion to the UK late...
Dubai property market may be on a roll soon
The developer has reported a surge in pre-sales in the UAE to $2.85 billion S&P Global Ratings give Emaar Properties...
IHC to become Abu Dhabi’s most valuable firm after unit lists
The company reported a first-quarter profit of Dh1.5 billion, up from Dh112.2 million a year earlier Its shares rose 15...
Ajman posts Dh931 million property deals
A total of 557 property deals worth Dh931 million were recorded in Ajman in April 2021 Dubai’s realty sector posted...
Traditional airports need to become ‘smart’
Smart counters reduce waiting time, queues, waiting time at passport control, security check, duty-free and other outlets Online check-in by...
UAE retail e-commerce market grew 53% to hit record $3.9 billion in 2020
This was a 53% year-over-year increase, driven by the digital shift accelerated by the Covid-19 pandemic E-commerce accounted for 8%...
Abu Dhabi-backed solar complex to power 158,000 facilities in Togo
ADFD reportedly provided a concessionary loan of $15 million (AED55 million) to finance the project The plant, located in Blitta...
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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
Red Sea Fund opens applications for production cycle
Riyadh, Saudi Arabia - The prestigious Red Sea Fund has thrown open its doors to filmmakers across Arab and African...
Arts & Culture
Company News
Latest News
US wants war between Israel and Hamas contained: Pentagon official
Washington, United States - United States wants to see the war between Israel and Hamas contained to Gaza and not...
Geostrategy
Aramco produces first unconventional tight gas
Dhahran, Saudi Arabia - Aramco, one of the world’s leading integrated energy and chemicals companies, has successfully produced the first...
Business
Apple to allow applications to be downloaded outside app store
Washington, United States - The American company Apple intends to provide the possibility of downloading applications from outside its official...
Business
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Geostrategy
Israel and Hamas nearing agreement to free hostages: report
Washington, United States - Israel and the Hamas are close to reaching agreements that will make possible to free the...
- The agreement can be announced within several days if the latest issues are resolved, according to the Washington Post op-ed
- According to preliminary agreements, Israeli women and children will be freed in groups simultaneously with Palestinian women and youth currently in Israeli prisons
Geostrategy
Iranian Army reveals advanced Kaman 19 drone
Tehran, Iran – The Army of the Islamic Republic of Iran has made its newest operational drone Kaman-19, a drone...
- Equipped with a specialized engine, the drone is optimized for high-altitude flights, primarily geared towards reconnaissance missions
- What sets the Kaman-19 apart is its prowess in electronic warfare, disrupting enemy radar and electronic systems
Business
Salman Khan’s ‘Tiger 3’ faces ban in Kuwait, Oman and Qatar
Dubai, UAE - The much-anticipated Hindi-language action film Tiger 3, starring Salman Khan and Katrina Kaif, has reportedly been banned...
- According to reports in Indian publications, concerns have been raised over the portrayal of Muslims in the film
- Critics argue that the film perpetuates Islamophobic tropes, a sentiment that might have influenced the decision to ban it in these Gulf countries