Tehran, Baghdad to launch maritime passenger transport line
TEHRAN, IRAN – Iran and Iraq will launch the first maritime passenger transport line within the next two months, an...
Geostrategy
UAE suspends coordination of humanitarian aid with Israel
Dubai, UAE - The United Arab Emirates (UAE) has decided to halt its coordination of humanitarian aid with Israel following...
Geostrategy
Energy minister signals end of petrol subsidy
The subsidy on petrol in Lebanon may eventually be ended Energy Minister Raymond Ghajar said it was unsustainable The subsidy...
Mother of invention: Study highlights gender gap in health innovations
Study finds patents filed from all-female inventor teams 35 percent more likely to focus on women's health Fewer women inventors...
Global displacement from war, crises doubles in a decade: UN
Global displacement figures swelled by around 3 million in 2020 Only 34,400 vulnerable refugees have resettled in third countries last...
Danube Group chairman hails UAE investor environment
Sajan says UAE provides incentives and legislations that encourage investment and commerce Thanks UAE leadership for amending federal laws regulating...
Spanish film studio to invest $250 million in Saudi Arabia
Minimo VFX CEO Felix Balbas said that his company would open a regional headquarters in Riyadh The studio will enter...
A Russian bank in Riyadh is on the cards
Russia might get a toehold in the banking sector in Saudi Arabia A proposal in this regard is being looked...
Saudi Arabia to auction mining licenses in 2022
World’s biggest oil exporter looks for foreign investments into a sector that has $1.3 trillion in untapped potential reserve value...
Palestinian Authority, Israel to share 1 million Covid-19 vaccine shots in a deal
The vaccine deal was among initial policy moves toward the Palestinians by Bennett since he was sworn in The deal...
Egypt to support stability in Libya as it prepares to hold elections
President Sisi called Libyan institutions to fulfill their national duty Egypt, Libya discussed how to strengthen cooperation and support...
Hajj pilgrims can travel to Mecca only if they have smart card, permit
The move is to ensure that all safety measures adopted by the government to keep the virus Only Saudi pilgrims...
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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
Tehran, Baghdad to launch maritime passenger transport line
TEHRAN, IRAN – Iran and Iraq will launch the first maritime passenger transport line within the next two months, an...
Geostrategy
Company News
Latest News
TASI-listed firms report an aggregate net profit of $48.1bn in Q3
RIYADH, SAUDI ARABIA - Tadawul-listed companies reported a US$48.1 billion (SAR 157.09 billion) aggregate net profit for the third quarter...
Business
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...
Economy
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...
Geostrategy
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Business
ADIB issues green sukuk
The final orderbook of the green sukuk closed at $2.6 billion.
- The issuance was met with exceptional demand, attracting interest from over 100 global and regional investors.
- ADIB intends to allocate an amount equal to the net proceeds of this issuance to fund eligible green projects.
Economy
Almost half of all global destinations now offer digital nomad visas: UNWTO
Madrid, Spain - The number of destinations offering Digital Nomad Visas (DNVs) has risen significantly over recent years, with almost...
- The rise in Digital Nomad Visas has gone hand-in-hand with an increase in digital nomads, with destinations in all regions working to meet the market trend
- A DNV allows individuals to live and work in a foreign country while maintaining employment or conducting freelance work for employers or clients in their home or another country
Business
Middle East companies moving towards cloud adoption
Adoption is driven by government initiatives, global cloud providers, and the need for agility and scalability in the region.
- 68% of Middle East companies want to migrate their operations to the cloud within the next two years
- To fund these initiatives, 76% of companies intend to increase their cloud budget over the coming year