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Emirates Islamic Q1 profit $394m

The bank's profit crossed AED 1bn mark for the first time.

Boeing to sell some assets to Thoma Bravo

The $10.55 bn sale includes portions of digital aviation solutions business.

TSMC first-quarter net profit soars

Its net revenue for the quarter soared nearly 42%.

Tesla’s first Saudi showroom opens

The opening in Riyadh comes with Tesla sales dropping.

Mubadala Energy enters US energy market

Acquires a 24.1% interest in US firm Kimmeridge’s SoTex

1200 year old ebony wood poles discovered at Jeddah’s Othman bin Affan Mosque site

Jeddah, Saudi Arabia - The Jeddah Historic District Program has announced the discovery of the two ebony wood poles at ...
  • The two masts are classified as among the oldest artifacts discovered at the site so far
  • The number of architectural phases discovered at the Othman bin Affan Mosque so far has reached seven

Alicia Keys to perform at Saudi Arabian Grand Prix 2024 on March 9

Jeddah, Saudi Arabia - Jeddah is poised to host Alicia Keys, the legendary musician, singer, and multiple Grammy-award winner, at...
  • Keys will be gracing Jeddah for the first time, marking her third appearance in Saudi Arabia
  • Keys will be gracing Jeddah for the first time, marking her third appearance in Saudi Arabia

Saudi Arabia unveils its man shaped AI robot Mohammad

Riyadh, Saudi Arabia - Saudi Arabia unveiled its first male humanoid robot ‘Muhammad’ during the second edition of DeepFast in...
  • A 7-second video of the robot is now viral. In it, the reporter Rawya Kassem, is seen talking about the robot
  • Addressing the audience in flawless Arabic, the robot emphasized his role as a national project showcasing Saudi achievements in AI

UAE astronauts AlMatrooshi and AlMulla graduate in space program at NASA

Dubai, UAE - The Mohammed Bin Rashid Space Centre (MBRSC) on Tuesday announced the graduation of Emirati astronauts Nora AlMatrooshi...
  • The milestone marks the culmination of over two years of extensive training, which began in January 2022
  • Prior to joining the NASA training program, AlMatrooshi and AlMulla underwent extensive in-house training at MBRSC

BRICS to create blockchain-based payment system: Kremlin aide

Moscow, Russia – BRICS will work to create an independent payment system based on digital currencies and blockchain, Kremlin aide...
  • Ushakov said that the specific task for this year is to increase the role of BRICS in the international monetary and financial system
  • The BRICS group of emerging economies has welcomed 2024 by officially adding five developing nations

Time to recognize the State of Palestine: Saudi foreign minister at OIC session

Jeddah, Saudi Arabia — Saudi Minister of Foreign Affairs Prince Faisal bin Farhan has emphasized the unanimous rejection of the...
  • Prince Faisal was speaking at the Extraordinary Session of the Council of Foreign Ministers of the Organization of Islamic Cooperation in Jeddah on Tuesday
  • The session has been convened to address the ongoing Israeli aggression against the Palestinians and to voice the OIC's opposition to the displacement of Palestine

UAE F&B sector set to soar, projected to reach $20bn in 2024

Dubai, UAE - The UAE’s foodservice market is poised to reach $19.98 billion in 2024, with further projections indicating a substantial...
  • The report emphasizes the robust expansion of the F&B sector, forecasting a compound annual growth rate (CAGR) of 17.09%
  • Fine dining is experiencing substantial growth with annual increases of almost 20% in Dubai and 33% in Abu Dhabi

Saudi Arabia takes the lead in global road connectivity rankings: minister

Riyadh, Saudi Arabia - Saudi Arabia has earned the distinction of being the world's most connected country in terms of...
  • Al-Jasser highlighted a remarkable decrease of over 50 percent in serious accidents, deaths, and injuries in recent years
  • The ongoing campaign, now in its fourth year, seeks to enhance the efficiency and safety of the extensive road network, the minister added

EDGE Group, Indra form JV

It will make next-generation radar systems in UAE.
  • The new business entity will be granted prime rights for current and future non-NATO and non-EU orders awarded to Indra.
  • The JV will place a strategic focus on the continued development of sophisticated technologies, innovation and global market.

Dubai International Boat Show helps in marine business

DUBAI, UAE – Dubai International Boat Show has wrapped up following a hugely successful week of high-value boat sales, important...
  • The exhibition is recognized as one of the most influential boat shows in the world.
  • The exhibition has wrapped up following a hugely successful week of boat sales.

Trump and Zelensky clash in heated Oval Office meeting over Ukraine peace deal

During a tense meeting at the White House, Trump and Zelensky argued over the war with Russia, with Trump accusing...

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Saudi-US higher education partnerships forum launched

Riyadh, Saudi Arabia - Minister of Education Yousef bin Abdullah Al-Benyan alongside U.S. Ambassador to Saudi Arabia Michael Ratney, on...

Israeli football supporters back home after Amsterdam violence

Tel Aviv, Israel - A plane bringing Israeli football supporters home from Amsterdam landed at Israel's Ben Gurion airport on Friday after...

Riyadh Season 2024 signs sponsorship agreements with local, global partners

Riyadh, Saudi Arabia-- A signing ceremony for Riyadh Season 2024 sponsorships was held on Thursday at Via Riyadh.General Entertainment Authority...

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UAE to host 2025 Asia-Pacific amateur championship at Emirates Golf Club

Gotemba, Japan -- The Asia-Pacific Golf Confederation (APGC), the Masters Tournament and The R&A has announced that the 16th Asia-Pacific...
  • Notable past competitors include Hideki Matsuyama, a two-time winner of the Asia-Pacific Amateur and the 2021 Masters champion, and Cameron Smith, champion of The 150th Open
  • Designed by Karl Litten and established in 1988 as the first grass course in the Middle East, Emirates Golf Club’s Majlis Course is located south of downtown Dubai

UAE backs Egypt’s Ras El Hekma megaproject, aims for $110 billion investment

Abu Dhabi, UAE - The UAE Ministry of Investment (MoI) announced today its support and key role in the advancement...
  • Located approximately 350 kilometres northwest of Cairo, the Ras El Hekma project has garnered significant interest from Emirati investors
  • Modon Holding, the master developer for the Ras El Hekma megaproject, will steer the project in partnership with prominent partners from Egypt

Saudi Arabia to host largest health event with global participation on Oct 21-23

Riyadh, Saudi Arabia – Saudi Arabia is preparing to host the seventh edition of the Global Health Forum under the...
  • As one of the three most attended and fastest-growing health forums globally, the event will focus on raising health awareness and encouraging people to invest in their well-being
  • Major investment launches and agreements are expected to be announced, with a dedicated exhibition showcasing individual and business health advancements