Air Arabia Egypt marks its first flight to Istanbul
CAIRO, Egypt – Air Arabia Egypt on Sunday commenced its first non-stop flight from Cairo International Airport to Sabiha Gökçen...
Business
Ruler of Dubai unveils Dubai Digital Authority
*The Authority to oversee digital transformation *It is expected to bring about social and economic benefits to Dubai In order to...
Bahrain to allow travelers with Covid-negative tests
*Bahrain to allow some travelers into the country, but bar many *Citizens of red zone countries like India, Pakistan, Sri...
Bahrain’s FDI inflows reach $1 billion in 2020
*Though global FDI contracted by 35 percent, Bahrain's inward FDI stocks increased 3.3 percent to reach $31.7 billion in 2020...
Saudi Aramco hires Deloitte to assess suppliers’ cybersecurity compliance
Cyberattacks have now started targeting energy infrastructure The global loss due to cybercrimes in 2020 was assessed at $1 trillion:...
Abu Dhabi announces updated list of ‘green’ destinations
*Passengers from Green List destinations only need PCR testing upon arrival at Abu Dhabi Airport *Green List countries will be...
Upbeat sentiments driving UAE stocks
A total of Dh1.235 bn in deals were conducted in ADX while DFM saw Dh212 million in deals Emaar Properties...
Tunisia ‘trailblazer’ in Mediterranean seaweed farming
Red seaweed or algae is used for gelling, thickening and texturing agents FAO aquaculture expert Hamza said seaweed farming presented...
Subex, Spire Solutions partner to address cyberattacks in Middle East
The volume of inbound cyberattacks grew by 67 percent in the first 4 months of 2021 Subex's latest threat landscape...
Israelis taste the future with lab-grown meat
Developers said they are working to provide more ethical and sustainable ways to create cruelty- and slaughter-free meat Global meat...
4 French executives charged with spying on opposition Libya, Egypt figures
The former chief of Amesys, Philippe Vannier, was charged in Paris last week with "complicity in acts of torture" Olivier...
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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
Company News
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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
UAE’s Tawazun Council signs deals worth $1.27bn at Dubai Airshow
Dubai, UAE - UAE's Tawazun Council, an independent government entity that works closely with the Ministry of Defense and security...
Business
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...
Geostrategy
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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
Business
ADNOC L&S reports 162% rise in profit
The company also reported an EBITDA of $635 million.
- The company also reported an EBITDA of $635 million (AED2,332 million), marking a substantial 124% year-on-year increase
- The third quarter of 2023 specifically contributed to the positive financial performance, with a 30% year-on-year increase in revenue
Economy
Emiratization: CBUAE to provide financial sector job opportunities
Abu Dhabi, UAE - The CBUAE will provide UAE nationals with job opportunities across various banking and insurance specializations in...
- The central bank will leverage the platform to educate attendants of its regulatory and supervisory role and financial inclusion efforts
- The CBUAE Youth Council will also showcase its initiatives to enhance the role of the youth in the financial sector