Real estate transactions in five UAE emirates reach $65 billion in Q1
Abu Dhabi, UAE -- Real estate transactions across five emirates in the UAE surged to over AED 239 billion ($65...
Business
TOURISE 2025: Riyadh to host premier summit for sustainable tourism
Riyadh, Saudi Arabia -- Saudi Arabia's Minister of Tourism, Ahmed Al-Khateeb, has officially unveiled TOURISE, a groundbreaking global platform set...
Business
Economy
Total market value of Saudi stocks hits $2.97 trillion
Riyadh, Saudi Arabia - The total market value of the primary Saudi stock market, represented by the All Tadawul Share...
- This valuation encompasses shares from 231 listed companies and funds currently actively traded in the market
- The total shares listed on the main stock market is reported to be 336.56 billion, with free shares accounting for 81.32 billion
Business
Dubai RTA awards US$95m contract to upgrade ticketing system
DUBAI, UAE - Dubai’s Roads and Transport Authority (RTA) has awarded a contract to upgrade the existing nol (card-based ticketing...
- The aim is upgrade the existing card-based ticketing system to an account based ticketing system, aligning with the top global practices.
- It seeks to develop a flexible and 100 percent scalable digital infrastructure, ensuring 100 percent fintech integration in mobility solutions.
Geostrategy
Skipper Battat leads Palestine on and off pitch at Asian Cup
Doha, Qatar - Musab Al-Battat has led Palestine on the pitch with his all-action performances and off it as the voice...
- The 30-year-old captain will be the man his team look to once again for inspiration when Palestine face hosts and reigning champions Qatar in a daunting last-16 tie.
- The side ranked 99 in the world have progressed into the next round despite a deeply troubled build-up overshadowed by the Israel-Hamas war
Business
Oman’s MSX-listed banks see 18.6 percent net profit growth in 2023
MUSCAT, OMAN - Omani banks listed on the Muscat Stock Exchange (MSX) recorded net profits of US$1.17 billion (RO453.5 million)...
- The banking sector benefited from economic growth, foreign trade, investment, government revenues.
- The preliminary financial results showed that all seven banks listed on MSX posted higher profits.
Arts & Culture
Expo City Dubai launches 10-day festival of Emirati light art and culture
DUBAI, UAE - Dhai Dubai, the first-ever Emirati-led light art festival, has launched its illuminating 10-day program at Expo City...
- The event celebrates the rich artistic tapestry of Emirati through a series of awe-inspiring artistic projections, interactive installations.
- The free-to-attend festival is created and organized by Expo City Dubai, in partnership with AGB Creative and will run from January 26 to February 4.
Business
Saudi Arabia’s Red Sea Global deploys robot for Red Sea, Amaala beach cleanup
Riyadh, Saudi Arabia - Red Sea Global, a company wholly owned by the Public Investment Fund (PIF) of Saudi Arabia,...
- The robot is designed to tackle the plastic waste and other debris
- It can cover up to 3,000 square meters in just an hour
Economy
Luxury ‘Dream of the Desert’ train coming to Saudi Arabia in 2025
Riyadh, Saudi Arabia - Saudi Arabia Railways (SAR) and the Italian Arsenale Group have officially inked an agreement to introduce...
- The train is set to embark on a captivating 770-mile journey from Riyadh, traversing through Hail, to the northern city of Al-Qurayat, near the border with Jordan
- The train, featuring 40 opulent cabins and a maximum capacity of 80 passengers, is poised to redefine rail cruising experiences in the region
Iran, Turkiye ink contract to connect power grids
Ankara, Turkiye – Iran and Turkiye signed contract to connect their power grids during the visit of Iranian president Ibrahim...
- The Khoy-Van grid line is set to become operational as part of the agreement between the Iran Grid Management Company and the Turkish Electricity Transmission Company
- The contract signed by Iran’s Mehdi Moghimzadeh and Turkiye's Orhan Kaldirim clears the decks for connection of the 400-kilovolt BtB HVDC line between Khoy (Iran) and Van (Turkiye)
Saudi professor Manahel Thabet appointed Commonwealth’s envoy for science and technology
Riyadh, Saudi Arabia - Patricia Scotland, the Secretary-General of the Commonwealth of Nations, has named Saudi Professor Manahel Thabet as...
- In her role as special envoy, Professor Thabet will play a crucial part in connecting member states to achieve sustainable development goals
- She will be instrumental in enhancing economic cooperation, developing policies, creating legal frameworks to promote innovation
Arts & Culture
Riyadh Season 2023 on track to outshine previous edition with over 15m visitors
Riyadh, Saudi Arabia - Riyadh Season 2023 is poised to surpass the record set in 2021, with over 15 million...
- The accomplishment was announced on Wednesday, highlighting the success in achieving the target number of visitors before the conclusion of the event
- Comparatively, the first edition of Riyadh Season in 2019 attracted more than 9.6 million visitors, while the third edition in 2022 saw a turnout of over 13 million visitors
Most Read
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
Real estate transactions in five UAE emirates reach $65 billion in Q1
Abu Dhabi, UAE -- Real estate transactions across five emirates in the UAE surged to over AED 239 billion ($65...
Business
Company News
Latest News
UAE leads solar energy growth with strategic projects
Abu Dhabi, UAE - A new report highlighted the UAE's leadership in the regional solar energy sector, driven by initiatives...
WEF’s risks report 2025: Rising geopolitical tensions, environmental threats, disinformation dominate future threats
A survey of over 900 experts reveals state-based armed conflict as the most pressing global risk for 2025, driven by...
Geostrategy
Social media’s evolving role in GCC spotlighted at Doha conference
Doha, Qatar – The Qatar Investment and Innovation Conference, held on Wednesday, at Barahat Msheireb in Msheireb Downtown Doha, brought...
Most Read
Business
Masdar targets 100 GW of clean energy by 2030
Abu Dhabi, UAE - Fatima Al Suwaidi, Head of Development & Investment (APAC) at Masdar, has affirmed the company's ambitious...
- Masdar has successfully implemented 31 GW of clean energy projects across 40+ countries, expanding its global footprint
- In 2024, Masdar doubled its clean energy production capacity, underscoring its leadership in the sector
Science
UAE’s satellite, developed by Emirati engineers, launched from California to aid disaster relief and earth observation
With cutting-edge features like high-resolution imaging and electric jet propulsion, MBZ-SAT will enhance environmental surveillance, disaster management, and infrastructure monitoring,...
- Named in honour of the President Sheikh Mohamed bin Zayed Al Nahyan, the satellite was announced in 2020 by Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum
- MBZ-SAT marks a significant milestone in the UAE's satellite development journey, having been developed entirely by Emirati engineers at MBRSC
Business
Creators HQ, X announce strategic partnership to produce authentic, meaningful content
Dubai, UAE - Creators HQ in the UAE, the world’s first international hub for the content economy’s creators and entrepreneurs,...
- The collaboration aims to create purposeful, credible and quality global content that reinforces the UAE’s status as a leading hub for the creative economy
- This initiative coincides with the 1 Billion Followers Summit, the world’s largest summit dedicated to the content creator economy,