Air Arabia Egypt marks its first flight to Istanbul
CAIRO, Egypt – Air Arabia Egypt on Sunday commenced its first non-stop flight from Cairo International Airport to Sabiha Gökçen...
Business
Saudi Arabia offers 50% discount on accumulated traffic fines before April 18
Riyadh, Saudi Arabia - The Saudi Ministry of Interior has announced a significant measure aimed at reducing the burden of...
Economy
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...
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...
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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
Air Arabia Egypt marks its first flight to Istanbul
CAIRO, Egypt – Air Arabia Egypt on Sunday commenced its first non-stop flight from Cairo International Airport to Sabiha Gökçen...
Business
Company News
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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...
Business
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
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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...
- The official reserves consist of foreign bonds and bills, cash balances with foreign banks, gold holdings, special drawing rights deposits, and Qatar's share in the IMF
- In addition to these, there are other liquid assets (Foreign Currency Deposits), so the two together constitute what is known as the total foreign reserves
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