8 killed in overnight strikes on Israel, Iran’s defense headquarters hit
In the central region, at least four people, including a 10-year-old boy, were killed and around 100 others wounded in...
Geostrategy
Iraq’s first ever director in Cannes wins best feature debut
Hasan Hadi won the top prize for his childhood adventure under economic sanctions in "The President's Cake".
Arts & Culture
Diriyah unveils 20,000-seat arena in $63bn Saudi masterplan
Diriyah, Saudi Arabia - Saudi Arabia, has revealed plans for "The Arena in Diriyah," a monumental 76,000-square-meter lifestyle facility set...
- Designed by London-based HKS Architects as part of a $63.2 billion masterplan, the arena aims to become the Middle East's premier venue destination
- Embracing Najdi architecture motifs, the arena promises a versatile design enabling swift configuration changes for hosting various events
Economy
Saudi inflation rises to 1.8% in February
RIYADH, SAUDI ARABIA – Saudi Arabia’s inflation accelerated to 1.8 percent in February compared to January 2024, according to data by the General...
- The cost-of-living index for February rose to 110.64 points, according to the base year 2018, from 108.67 points in the same month a year earlier.
- Inflation is measured by the percentage change in the cost of living between the current period and the corresponding period of the previous year.
Business
Ajman records real estate transactions worth US$195m in February
AJMAN, UAE – Director-General of Ajman’s Department of Land and Real Estate Regulation Eng. Omar bin Omair Al Muhairi said...
- A total of 129 real estate valuation transactions took place in the emirate in February.
- There was a rise of 44.7 percent in commercial property value in February compared to January.
Saudi families utilize henna art to encourage kids in fasting
Arar, Saudi Arabia -- In a unique and creative initiative, families in Saudi Arabia's Northern Borders Region are using henna body...
- The practice involves drawing intricate henna patterns on the hands of young girls, often featuring symbols related to Ramadan and fasting
- These designs serve as a visual reminder for the children to refrain from eating and drinking during daylight hours
Economy
MENA region could gain $385bn from women reentering workforce: survey
Doha, Qatar - The women returning to the workforce following a career break have the potential to contribute nearly US$385bn...
- Nearly half of working women in the MENA region have taken a career break, with over 68% taking them at experienced levels and above, the study reveals
- Providing flexible working models that enable women to work additional hours could generate close to US$4.3 billion in GDP gains in the nine countries surveyed
Global child deaths reach historic low in 2022: UN report
Geneva, Switzerland – The number of children who died before their fifth birthday has reached a historic low, dropping to...
- The report reveals that more children are surviving today than ever before, with the global under-5 mortality rate declining by 51 percent since 2000
- The loss of life is primarily due to preventable or treatable causes, such as preterm birth, complications around the time of birth, pneumonia, diarrhea, and malaria
Business
Over 70% report revenue surge in UAE from digital payments, Visa finds
Dubai, UAE - More than 70% of surveyed retailers in the UAE have experienced increased revenue and higher customer footfall since...
- The study focused on two groups of merchants - those accepting digital payments for 1-4 years and those exclusively dealing in cash transactions
- 95% of digital payment-accepting merchants believe that the value derived from digital payment acceptance are on par with or exceed the associated costs
Business
Parkin to give more shares to retail investors in its IPO
Dubai, UAE - Parkin Company on Tuesday announced an increase in the number of shares offered in the UAE Retail...
- The UAE Retail Offer has been increased to 89,964,000 ordinary shares from 74,970,000 ordinary shares
- Parkin is expected to commence trading on the DFM on March 21, 2024, under the symbol “PARKIN”
Geostrategy
Israeli forces kill Jordanian in West Bank, says Palestinian ministry
A Jordanian citizen has died after being shot by Israeli forces in the West Bank, Palestinian authorities said, with the...
- The Israeli military said Hussein was suspected of being an accomplice of a Palestinian fighter Muhammad Jabar.
- Jabar was preparing to carry out a suicide attack in Israel, according to the military.
Economy
Baghdad, Tehran in talks to import gas from Turkmenistan
Tehran, Iran - Baghdad and Tehran are currently engaged in negotiations to facilitate the import of gas from Turkmenistan, with...
- The pact provides for supplying Iraq with 51 million M3 per day, Iraqi minister of electricity Luay Al-Khatteeb said
- He further noted that the Iraqi Ministry of Electricity has fulfilled all gas-related payments to Iran
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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
8 killed in overnight strikes on Israel, Iran’s defense headquarters hit
In the central region, at least four people, including a 10-year-old boy, were killed and around 100 others wounded in...
Geostrategy
Company News
Latest News
Israel defence minister threatens to annex parts of Gaza unless Hamas frees the remaining Israeli hostages
The warning came as Israel stepped up the renewed assault it launched on Tuesday, shattering the relative calm that had...
Geostrategy
Macron announces new Ukraine ‘coalition’ summit in Paris on March 27
French President Emmanuel Macron on Thursday said the leaders of a coalition of Ukraine backers would meet again in Paris...
Geostrategy
Israel deepens Gaza offensive, shuts key routes, and orders evacuations amid heavy civilian casualties
US President Donald Trump "fully supports" Israel's renewed Gaza operations, White House Press Secretary Karoline Leavitt told reporters when asked...
Geostrategy
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Geostrategy
Israel announces ground operations, issues ‘last warning’ to Gazans to remove Hamas from power
Israeli forces this week conducted the deadliest wave of air strikes since the start of a truce in January, killing...
- The military said it had "begun targeted ground operations in the central and southern Gaza Strip to expand the security perimeter
- Families with young children fled northern Gaza for areas further south, fearing for their lives after Israel urged civilians to leave
Geostrategy
Putin has upper hand in Trump talks on elusive Ukraine peace: analysts
Paris, France - Vladimir Putin scored a coup by discussing with Donald Trump in highly anticipated phone talks everything from improving...
- During the call on Tuesday, Putin refused a full ceasefire agreement proposed by Washington
- The Kremlin said Trump had also backed Putin's proposal to hold ice hockey matches between American and Russian players
Arts & Culture
Once a crumbling relic of old Iran, brewery reborn as arts hub
Tehran, Iran - Hidden behind imposing brick walls in the heart of Tehran, a brewery that used to make Iranian...
- The ambitious restoration of the derelict Argo factory has made it "one of the most beautiful buildings of Tehran."
- Established more than a century ago, the Argo factory produced one of Iran's oldest and biggest beer brands