Gross written premium rises by 12.7% in Q4 2023 to US$14bn, says CBUAE
ABU DHABI, UAE - The UAE insurance sector continued to grow in Q4 2023, as reflected by the increase in...
Economy
Saudi tourism hits record $36 billion inbound spending in 2023
Riyadh, Saudi Arabia - Saudi Arabia's tourism sector contributed to a record-breaking $36 (SR135 billion) in spending by international visitors....
Economy
Novo Nordisk earns the Best Place To Work certification in Kuwait for 2021
Best Places to Work is considered as the ‘Platinum Standard’ in identifying and recognizing top workplaces Novo Nordisk Kuwait wins...
Dh1 million fine for money laundering: UAE
the ministry held an extensive media briefing on the system for combating money laundering The session also briefed attendees on...
Lebanon crisis among world’s worst since 1850s: World Bank
Lebanon's economy will shrink by nearly 10 percent in 2021 Meltdown blamed on corruption and mismanagement by the ruling elite...
Dubai Chamber TikTok Academy open for enrollment till Jun 19
Academy likely to help 1,000 startups and SMEs grow their businesses using TikTok Participants will have access to a business...
French investigators probe Renault-Nissan’s ex-boss Ghosn in Lebanon
Ghosn faces scrutiny centring on alleged improper financial interactions with Renault-Nissan's distributor in Oman He has long maintained that he...
Abu Dhabi’s largest solar-powered car park completed
It has 7,542 solar panels producing electricity The facility is expected to reduce the emission equivalent of 5,300 tons of...
Abu Dhabi economy to recover to 2019 levels in 2023: S&P
Abu Dhabi economy to recover modestly in 2021 courtesy increased business activity and higher oil prices Emirates' rating could improve...
Liquid assets in UAE banks reach $132bn in first quarter: Central Bank
*Steady growth in liquidity a new sign of the gradual economic recovery, primarily in retail and commercial platforms *UAE Central...
Liquid assets up to Dh486.58 bn in Q1’21: UAE Central Bank
The steady growth in liquidity is a new sign of the gradual economic recovery Liquid assets accounted for 15.9 percent...
Kuwaiti breeder hopes superworms will become the new superfood
Breeder Jassem Buabbas is experimenting with recipes before seeking permission from Kuwaiti authorities Some Gulf states have a tradition of...
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Gross written premium rises by 12.7% in Q4 2023 to US$14bn, says CBUAE
ABU DHABI, UAE - The UAE insurance sector continued to grow in Q4 2023, as reflected by the increase in...
Economy
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Russian Foreign Ministry specifies conditions for resuming grain deal
Moscow, Russia - Moscow on Thursday reiterated the need to fully implement the provisions of the Russia-UN memorandum for the...
Geostrategy
ADX partners with HSBC to develop digital assets
Abu Dhabi, UAE - Abu Dhabi Securities Exchange (ADX) and HSBC Bank Middle East Limited are working together in the...
Business
Israeli Prime Minister orders hunt for Hamas leaders: Seymour Hersh
New York, United States - Israeli Prime Minister Benjamin Netanyahu reportedly ordered Israeli intelligence agencies to track and assassinate all...
Geostrategy
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Geostrategy
Saudi defense minister meets Blinken, Lloyd over Gaza war
Washington, United States - Saudi Minister of Defense, Prince Khalid bin Salman bin Abdulaziz met the US Secretary of State...
- The focus of the meeting with Blinken was the ongoing Israeli-Palestine conflict, with discussions centered on joint efforts and coordination to de-escalate
- Prince Khalid also met Austin at the Pentagon and discussions focused on bilateral affairs and the situation in Middle East
Economy
No-oil trade between UAE, Jordan reached $4.5 bn in 2022
Abu Dhabi, UAE - The non-oil trade volume between the UAE and Jordan has reached AED16.5 billion ($4.5 billion) in...
- The Abu Dhabi Fund for Development has contributed to financing numerous development projects in Jordan
- The fund, with an allocation of $10 billion, is geared to propel industrial development in the region and diversify economies
Business
Houthi missile, drone attacks at Israel create spillover fears
Dubai, UAE - The Houthi movement, which is part of the "Axis of Resistance" supported by Iran, has expressed its...
- Houthi military spokesperson Yahya Saree announced in a televised statement quoted by Reuters that they had launched a number of ballistic missiles and drones toward Israel
- Israel's National Security Adviser, Tzachi Hanegbi, described the Houthi attacks as intolerable but did not provide specific details on how Israel might respond