Syria’s new authorities to help locate missing Americans: US envoy
Damascus, Syria -- Syria's new authorities have agreed to help the United States locate and return Americans who went missing...
Geostrategy
United Kingdom renationalizes first train operator under Labor reforms
London, United Kingdom -- Britain's South Western Railways on Sunday becomes the first private train operator to be returned to...
Economy
Business
Bitcoin surpasses $57,000 as crypto rally remains strong
Dubai, UAE - The price of Bitcoin on Tuesday surged past $57,000, demonstrating the continued strength of the cryptocurrency market...
- The rise follows Bitcoin's climb above $54,000 on Monday, a milestone not reached since December 3, 2021
- The cryptocurrency has been experiencing a bullish trend since January 11, when the US Securities and Exchange Commission approved spot Bitcoin ETFs
Geostrategy
Zelenskyy in Saudi Arabia to discuss war; meets Mohammed bin Salman
RIYADH, SAUDI ARABIA - President of Ukraine Volodymyr Zelenskyy and his accompanying delegation arrived here on Tuesday. The Ukrainian President...
- At the Royal Terminal in King Khalid International Airport, Zelenskyy was received by the Deputy Governor of Riyadh Region and other senior officials.
- The 10th Saudi relief plane operated by King Salman Humanitarian Aid and Relief Center (KSrelief) reached a Polish airport, close to the Ukrainian border.
Business
UAE announces US$2,722 penalty for late corporate tax registration
ABU DHABI, UAE – The Ministry of Finance on Tuesday announced the issuance of Cabinet Decision No. 10 of 2024...
- A penalty of US$2,722 (AED10,000) will be imposed on businesses that do not submit their Corporate Tax registration applications on time.
- The penalty was implemented to prompt taxpayer compliance with laws through timely corporate tax registration.
Business
AI entity is Board Observer in IHC
IHC is a pioneer in leveraging AI for decision-making.
- Aiden Insight is a virtual entity endowed with sophisticated AI capabilities, and is set to revolutionise the way IHC handles the global investment landscape.
- This initiative by IHC is powered by AI capabilities of G42 in collaboration with Microsoft, setting a new benchmark for artificial intelligence development.
Geostrategy
France says ‘nothing ruled out’ to thwart Russia in Ukraine
French Prime Minister Gabriel Attal told the RTL broadcaster that there was "no consensus" on any "official" deployment of ground...
- Speaking a day after President Emmanuel Macron said that sending Western ground troops was not excluded, prime minister Attal said that "you can't rule anything out in a war."
- Macron, after hosting a meeting of two dozen European leaders to discuss Ukraine, on Monday painted a grim picture of a Russia whose positions he said were "hardening."
Business
Middle East and Africa smartphone shipments surge 30% YoY in Q4 2023
Dubai, Riyadh - Smartphone shipments in the Middle East and Africa (MEA) region witnessed a remarkable surge, growing by 30%...
- For the entire year of 2023, smartphone shipments in the MEA region increased by 11% YoY, reflecting an upward trend in consumer sentiment
- The MEA region demonstrated the highest YoY growth globally during this period, attributed to improved economic conditions and rebounding consumer demand
Arts & Culture
Red Sea Global releases ‘Red Sea Waves,’ its first music album
Riyadh, Saudi Arabia - Red Sea Global (RSG), the developer behind The Red Sea and Amaala, the Saudi tourism destinations,...
- The album is the result of collaboration between Saudi, Egyptian, Sudanese, Somali, and other artists
- The album features 12 tracks, each of which is characterized by a different genre and origin
Business
EDB’s contribution to UAE’s industrial GDP in 2023 rises to US$1.1bn
ABU DHABI, UAE – Emirates Development Bank (EDB) has unveiled its 2023 results, showcasing an extraordinary year of achievements and...
- EDB’s flexible financing solutions and patient debt approach have significantly bolstered industrial growth.
- EDB has approved $353 million in financing under the Credit Guarantee Scheme with partner banks in UAE.
Business
Goldman Sachs, Mubadala ink pact
The two firms have signed a $1 billion private credit deal.
- The partnership will be managed by Private Credit at Goldman Sachs Alternatives, with a dedicated team across multiple Asia Pacific markets.
- This mandate will enable both firms to continue scaling their investment activity in the large and growing Asia Pacific credit market.
Over 6m worshippers perform prayers at Prophet’s mosque last week
Madinah, Saudi Arabia -- Saudi General Authority for the Care of the Affairs of the Grand Mosque and the Prophet's...
- The statistics showed that 647,790 visited the Prophet Mohammed's tomb, and 298,397 visitors performed prayers at Al-Rawdah Al-Sharifa
- More than 160,000 bottles of Zamzam water were provided, and 142,007 Iftar meals were distributed in corridors of the mosque
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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
Syria’s new authorities to help locate missing Americans: US envoy
Damascus, Syria -- Syria's new authorities have agreed to help the United States locate and return Americans who went missing...
Geostrategy
Company News
Latest News
Trump orders pause to Ukraine aid: White House official
President Donald Trump suspended military aid to Ukraine on Monday, a US official told AFP, sharply escalating pressure on Kyiv...
Geostrategy
Netanyahu thanks Trump for weapons to ‘finish the job’ against Iran axis
Jerusalem, Undefined - Israeli Prime Minister Benjamin Netanyahu on Sunday thanked US President Donald Trump for sending munitions held up...
Geostrategy
Israel blocks humanitarian aid to Gaza as ceasefire’s first phase ends, sparking global outrage
Truce mediators Egypt and Qatar accused Israel of blatantly violating the ceasefire deal by halting the aid, a move left trucks...
Geostrategy
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Geostrategy
Israel endorses plan to extend Gaza truce as first phase draws to close, Hamas wants permanent peace
The first phase of a ceasefire deal between Israel and Palestinian militant group Hamas was set to expire over the...
- Negotiations have so far been inconclusive, with the fate of hostages still held in Gaza and the lives of more than two million Palestinians hanging in the balance.
- A senior Hamas official told AFP the Palestinian militant group was prepared to release all remaining hostages in a single swap during the second phase
Arts & Culture
Wild AI, a royal letter and big hugs – a week in Trumpworld
Washington, United States - President Donald Trump closed out a packed week at the White House after hosting a string...
- Last week, Trump branded elected Ukrainian leader Volodymyr Zelensky a "dictator" -- but things change fast in this administration
- "Did I say that? I can't believe I said that," Trump responded with a slight grin when asked if his opinion had evolved
Geostrategy
Trump and Zelensky clash in heated Oval Office meeting over Ukraine peace deal
During a tense meeting at the White House, Trump and Zelensky argued over the war with Russia, with Trump accusing...
- Zelensky was at the White House to sign a deal on sharing Ukraine's mineral riches and discuss a peace deal with Russia, despite the US president recently branding him a dictator
- Tempers frayed after Vice President JD Vance said that "diplomacy" was needed to end the war. Zelensky asked "what kind of diplomacy" and Vance accused him of being disrespectful