Rising threat: DDoS attacks demand proactive defense
"Threat actors can employ artificial intelligence (AI) and machine learning (ML) algorithms to identify vulnerabilities and adapt their tactics in...
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...
Egypt to have electric cars on its roads by next year
Thirteen imported electric vehicles will be tested on Egyptian streets from next month The plan is in line with the...
Tax or no tax, UAE aims to remain magnet for investors
The G7 powers have endorsed an agreement on a global minimum corporate tax The UAE is one of the world's...
FTA announces law reform to help taxpayers
It confirmed as much during its first tax agent virtual session of 2021 The reforms will entail amending some provisions...
UAE medical device market to top $1.52 billion by 2025
According to the Q2 2021 Fitch Solutions Medical Device report, the market will benefit from an overall strong economic performance...
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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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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...
Economy
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.
Business
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Business
Bitcoin value tops $36,000 first time since May 6, 2022
Dubai, UAE - The value of bitcoin rose above $36,000 on Thursday for the first time since May 6, 2022,...
- Miners are steadily accumulating their block rewards, driving the cryptocurrency's price toward $40,000 mark
- Adding to the bullish momentum, it appears that Bitcoin's market demand has exceeded its supply
Geostrategy
Participants in Middle East conflict commit war crimes: UN official
Geneva, Switzerland - UN High Commissioner for Human Rights Volker Turk has described hostage-taking by Palestinian armed groups and Israel's...
- The collective punishment by Israel of Palestinian civilians amounts also to a war crime, as does the forcible evacuation of civilians, Turk said
- The high commissioner stressed that "even in the context of a 56-year-old occupation, the current situation is the most dangerous in decades
Economy
Jordan signs two deals worth $140m for water sector development
Amman, Jordan - Jordan's government has signed two deals with the German KfW Development Bank to secure a financial package...
- Jordan's Petra News Agency reported that the initial tranche of financing encompasses a $84 million soft loan
- A subsequent $56 million soft loan will spearhead a program dedicated to curtailing water losses and diminishing the rates of unbilled water