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
EasyLease buys stake in United Trans
This helps EasyLease expand its presence in mobility sector.
Business
Saudi allows 60,000 vaccinated residents on hajj, bars foreigners
Only up to 10,000 Muslims took part in last year's hajj, 70% of them foreigners 2.5 million participated in the...
Saudi GDP drops 3% in Q1 as oil sector takes a hit from low output
The main reason for the drop was the 11.7 percent contraction in the oil sector Private sector and non-oil sector...
Saudi Arabia wants to be first trading partner of Egypt
There are 6,285 Saudi companies operating in Egypt with investments exceeding $30 billion More than 518 Egyptian companies operate in...
Israel’s Netanyahu ousted as ‘change’ coalition forms new govt
New coalition has 3 right-wing, 2 centrist and 2 eft-wing parties, and even an Arab Islamic conservative party Hamas says...
Iraq arrests 2 generals on suspicion of bribery at key port
Both men worked at the Gulf port of Umm Qasr, a key entry point for foodstuffs, medicines Waiving customs duties,...
Post and present trauma time bomb hangs over Gaza
No university in the Gaza Strip offers a speciality in psychiatry The available mental health services can't keep up with...
Egypt’s food inflation to get worse as economy revs up
Egypt’s inflation accelerated to a 5-month high of 4.8 percent year-on-year in May Global food import costs are expected to...
France to invest 3.8bn euros in Egypt projects
Egypt's public transport, renewable energy sectors among 9 other projects to receive investment With the billions in financing, Egypt has...
Dubai Islamic Bank donates $1.77 million of Zakat money to ERC programs
The Dubai Islamic Bank has donated Zakat money worth AED6.5 million to support the program and projects of the Emirates...
Dubai’s yachts offer socially distanced luxury
After the easing of lockdown, people feel yachts offer a secure way to travel People are hiring yachts for cruising,...
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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 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
Company News
Latest News
Qatar Central Bank foreign reserves rise by 11.73% in October
Doha, Qatar - The International reserves and foreign currency liquidity of Qatar Central Bank (QCB) surged by 11.73% in October...
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,...
Business
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...
Geostrategy
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SEC reports $1.55bn Q3 profit
The company attributes the growth to surge in demand.
- Operating revenues went up to $15.19 billion, marking a 2.2% increase compared to the same period in the previous year
- The company attributed the revenue growth primarily to a surge in demand for electrical energy during the summer season
Geostrategy
18 hospitals forced to close their doors in Gaza: report
Dubai, UAE - Eighteen hospitals in the Gaza Strip were forced to end their work in the Gaza Strip amid...
- The situation in Gaza hospitals is catastrophic, particularly so in northern regions, Al-Jazeera reported
- Israel has declared a complete siege of the Gaza Strip and has been hitting it with airstrikes and also parts of Lebanon and Syria
Business
Fertiglobe Q3 revenue of $525m
The firm recently launched steps to optimize its cost structure.
- In the third quarter, nitrogen prices reflected tighter market balances due to record low inventory levels.
- In the medium to longer term, the nitrogen outlook is favorable, with limited supply additions over the next several years.