May 2025 Islamic Treasury Sukuk auction attracts bids worth $1.88bn
Abu Dhabi, UAE -- The Ministry of Finance (MoF), in its capacity as the issuer and in collaboration with the...
Business
Cyberattack to cost UK retailer Marks & Spencer $404 million
London, United Kingdom -- British clothes-to-food retailer Marks and Spencer on Wednesday said a cyberattack affecting its online service is...
Business
Geostrategy
ACC holds workshop in Jordan on dangers of human trafficking
AMMAN, JORDAN - Amman Chamber of Commerce (ACC), in cooperation with Ministry of Justice and Jordan Judicial Council (JJC), organized...
- The workshop aims to introduce human trafficking crime in Jordanian law and global pacts and the measures taken at the national level to help victims.
- The workshop reflects the "important" role played by national institutions in combating human trafficking and raise awareness of its dangers.
Geostrategy
Iran asserts peaceful nuclear agenda amid western concerns
Tehran, Iran - Iran's nuclear program remains peaceful, said Nasser Kanani, the spokesman for the Iranian Ministry of Foreign Affairs,...
- Iranian foreign ministry spokesman Nasser Kanani reaffirmed the country's commitment to continuing cooperation with the IAEA
- Kanani said that Iran views negotiation and diplomacy as the best methods for resolving any unfounded concerns about its nuclear program
Geostrategy
UAE extradites the accused Gergely Franc to Belgium
Abu Dhabi, UAE - The UAE on Friday extradited Gergely Franc, an Albanian national, charged with premeditated murder, to Belgium....
- The accused was transferred according to the extradition agreement, signed by the United Arab Emirates and Belgium
- Such procedures confirm the UAE’s continued collaboration with international partners in the pursuit of international justice
Geostrategy
Israel to negotiate release of Gaza hostages: Netanyahu
Tel Aviv, Israel - Israel is negotiating the release of hostages held by the radical Palestinian movement Hamas in the...
- Netanyahu confirmed to hostages' families that Israel is working to get all the hostages back, adding that Qatar and Egypt have made two separate proposals
- His meeting with the families came ahead of a meeting of the war cabinet to discuss proposals by Qatar and Egypt to mediate in the Israel-Hamas conflict
Business
Saudi’s Maaden announces discovery of new gold reserves
Riyadh, Saudi Arabia - Saudi Arabian Mining Company (Maaden) on Thursday announced a discovery of substantial gold reserves, marking a...
- The company's exploration program has led to discovery of a gold resource potential spanning across a 100-kilometer stretch from the existing Mansourah Massarah gold mine
- As of year-end 2023, Mansourah Massarah boasted nearly seven million ounces of stated gold resources and a nameplate production capacity of 250,000 ounces annually
ADQ signs multi-year sponsorship agreement with Egypt’s Pyramids Football
Abu Dhabi, UAE – ADQ, an Abu Dhabi-based investment and holding company, on Thursday announced the signing of a multi-year sponsorship...
- Since its establishment and rebranding from Al Assiouty Sports Club in 2018, Pyramids FC has rapidly grown to become one of the high-performance football clubs
- Along with its portfolio companies, ADQ actively supports the development of key sectors of Egypt’s economy through its investments
Economy
Tunisia, Saudi Arabia sign 7 MoUs in various sectors
Tunis - Tunisia and Saudi Arabia signed seven memoranda of understanding in various fields and sectors on Wednesday afternoon The...
- The MoUs encompass various areas such as water, environmental protection, agricultural scientific research, climate and meteorology cooperation, tourism and industry
- Tunisian minister Boughdiri stressed her commitment to enhancing collaboration between the two nations, highlighting the significance of these agreements
Geostrategy
GDP of new expanded BRICS to exceed that of G7 countries: Russia
Moscow, Russia - The aggregate GDP of the BRICS countries after the accession of its new members in 2024 will...
- The total GDP of the BRICS in the new line-up will already significantly exceed that of the G7, Russia’s foreign minister Sergey Lavrov said
- Lavrov noted that the share of Global South and Global East countries in the overall world economy is growing
Business
UAE farm harvests $5.6m from carbon credits in eco-friendly agriculture triumph
Dubai – An innovative agricultural project in the United Arab Emirates, has generated $5.6 million euros from carbon credit sales. The...
- Carbon credits are permits that allow a company to emit a certain quantity of greenhouse gases, with one credit equaling the emission of one ton of carbon dioxide
- Companies are allocated a specific number of these credits, and If they reduce their emissions and have surplus credits, they can sell these to other companies
Business
India’s L&T secures EPC contract for Saudi Arabia’s Amaala project
New Delhi, India - Larsen & Toubro (L&T) secured a major Engineering, Procurement, and Construction (EPC) contract for the Amaala...
- The contract, awarded by the consortium of Masdar and EDF, involves the establishment of renewable energy generation, power utilities, and water systems
- L&T, as the turnkey contractor, inked the EPC agreement with Amaala's developers, Masdar, and EDF, reports in Indian media said
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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
May 2025 Islamic Treasury Sukuk auction attracts bids worth $1.88bn
Abu Dhabi, UAE -- The Ministry of Finance (MoF), in its capacity as the issuer and in collaboration with the...
Business
Company News
Latest News
UN envoy warns Syria conflict persists as rebels seek international ties post-Assad ouster
The UN migration chief expressed concerns about large-scale refugee returns destabilizing Syria further, particularly affecting religious minorities who fled violence...
Geostrategy
Qatar PM sees ‘momentum’ on Gaza talks after US election
Doha, Qatar - Qatar's prime minister said on Saturday that momentum had returned to talks aimed at securing a truce and...
Geostrategy
‘AI saved 1.5 billion liters of water, cut carbon emissions equivalent to 1 million trees in Saudi Arabia’
Riyadh, Saudi Arabia – Artificial intelligence (AI) has contributed to saving 150 million sheets of paper and conserving 1.5 billion...
Most Read
Saudi-US higher education partnerships forum launched
Riyadh, Saudi Arabia - Minister of Education Yousef bin Abdullah Al-Benyan alongside U.S. Ambassador to Saudi Arabia Michael Ratney, on...
- Saudi Arabia and the U.S. deepen academic ties with a new higher-education partnership forum, promoting student exchanges and research collaboration.
- The Saudi-U.S. forum marks a milestone in educational cooperation, aligning academic initiatives with Saudi Vision 2030
Israeli football supporters back home after Amsterdam violence
Tel Aviv, Israel - A plane bringing Israeli football supporters home from Amsterdam landed at Israel's Ben Gurion airport on Friday after...
- Dutch police said 62 arrests were made in connection with the violence, which erupted after a Europa League football tie between Amsterdam club Ajax and Maccabi Tel Aviv
- Israeli Prime Minister Benjamin Netanyahu also ordered the Mossad spy agency to draw up a plan to prevent unrest at sporting events in the future
Business
Riyadh Season 2024 signs sponsorship agreements with local, global partners
Riyadh, Saudi Arabia-- A signing ceremony for Riyadh Season 2024 sponsorships was held on Thursday at Via Riyadh. General Entertainment...
- Riyadh Season provided a sponsorship worth SAR2 million to the Association of Saving Food
- It is a major opportunity for companies to achieve maximum exposure in global and local markets