UAE cements position as a top global investment hub in 2024
UAE ascends to 8th on Kearney's 2024 Foreign Direct Investment Confidence Index, affirming its appeal as a prime investment haven,...
Economy
Israel’s Bedouin sceptical of new govt promises
The vast majority of Israel's nearly 300,000 Bedouin live in the arid Negev in the south of the country The...
Bahrain’s Batelco mulls Saudi listing
In case of Saudi listing, Batelco will become the first company to have a dual listing of shares on the...
Saudi stocks lead GCC region in losses
Tadawul All Share Index (TASI) loses 62.37 points and drops as much as 0.57% Trading valued amounted to around US$3.08...
Distribution, delivery may pose a challenge to G7 vaccine pledge: WEF Digital Editor
Vaccine manufacturing, patent protection, surplus doses disposal, cold storage needs a challenge So far, only slightly more than one in...
UAE GDP projected to grow by 2.4% in 2021, 3.8% in 2022
*Non-oil GDP to expand by about 4 percent in both years *Central Bank report finds TES Scheme helped distressed individuals,...
UAE ninth most competitive country globally
The Emirates also ranked third among 64 countries for government efficiency Vice-President Al-Maktoum: 'We did not stand still during the...
Sharjah sees Al Hamriyah plant work over 80% completed
The plant has a gas turbine with a production capacity of 400 MW It also has a heat recovery boiler...
Saudi insurance merger to create massive investment fund
The merger will create cost savings of tens of millions of riyals GOSI and the PPA are major investors in...
Dubai real estate records $2.9b investment in May 2021
11,387 new investors enter the market, comprising 66 percent of total registered investors since the beginning of 2021 Hadaeq Sheikh...
Mena box office revenues to hit $1bn by 2024: PwC
Revenues from cinema in the Mena region is expected to defy global trends and hit $1 billion by 2024 Box...
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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
UAE cements position as a top global investment hub in 2024
UAE ascends to 8th on Kearney's 2024 Foreign Direct Investment Confidence Index, affirming its appeal as a prime investment haven,...
Economy
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Oil prices edge up on Iraq’s backing for OPEC+ output cuts
New York, United States - Oil prices saw a modest 2% increase on Friday, boosted by Iraq's expressed support for...
Economy
Saudi EXIM Bank signs deals with African banks and institutions worth $185m
Riyadh, Saudi Arabia - Saudi EXIM Bank has signed multiple agreements and memoranda of understanding (MoUs) with African banks and...
Business
EDGE buys 50% stake in Flaris, marking strategic expansion into aviation technology
Abu Dhabi, UAE -- The UAE’s EDGE Group, one of the world’s leading advanced technology and defence groups, has announced...
Business
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Economy
Dubai govt approves incentives to boost emirate’s economy
Dubai, UAE – Dubai government on Thursday approved several initiatives to stimulate the industrial sector in the emirate besides announcing...
- The initiatives to boost industrial sector is in line with the goals of the Dubai Economic Agenda D33 and aims to increase manufacturing value added (MAV) by 15.79 billion
- The Executive Council has extended its single-use bags reduction policy to encompass more plastic materials as part of the phasing out of single-use plastics by 2026
Geostrategy
US won’t hesitate to defend its troops in Middle East: Pentagon
Washington, United States - Over the last three weeks, Iran-backed militia groups have attacked US bases and facilities in Iraq...
- The department's commitment to Israel's right to defend itself from terrorism is "ironclad," and the department is working daily to help Israel do that, Stroul told lawmakers
- "We also placed over 2,000 personnel and a range of units on a heightened state of readiness, some of which [were] subsequently deployed," she said
Business
NEOM opens London office as base for UK and European business
London, United Kingdom – NEOM, the sustainable regional development taking shape in northwest Saudi Arabia, has opened its first international...
- The opening of the office is part of the NEOM’s effort to expand its international footprint
- As the first international office, the UK office will also serve as a base to support NEOM’s business across Europe