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
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...
Arts & Culture
Business
Content creation key to awareness, culture, human development: Dubai ruler
Dubai, UAE -- Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, attended part of...
- The three day 1 Billion Followers Summit is being held in the UAE at Emirates Towers, the Dubai International Financial Centre, and the Museum of the Future in Dubai,
- For the first time globally, leading platforms including Snapchat, X, YouTube, TikTok, LinkedIn, and Meta (Facebook, Instagram, WhatsApp) have come together in one place
Economy
UAE’s tech industry set to achieve record growth in 2025
Abu Dhabi, UAE - The UAE’s technology industry is set to achieve record growth in 2025, driven by significant expansion...
- The UAE has strengthened its position on the global map as an innovation-driven destination for the expansion of both global and emerging tech companies
- International reports predict that the tech sector will continue to grow in areas such as artificial intelligence (AI), cloud computing, and emerging technologies like blockchain
Business
Over 300 keynotes, panels, main sessions at 1 Billion Followers Summit’s third edition
Dubai, UAE - The third edition of the 1 Billion Followers Summit, the world’s first and largest event dedicated to...
- The Summit, organized by the UAE Government Media Office, will be hosted in the UAE from 11th to 13th January 2025
- Participants will discuss strategies for expanding the creative industry and enhancing its contribution to development plans, both regionally and globally
Geostrategy
Syria, Iran, Saudi Arabia, and Palestine test Washington’s strategy under Trump leadership
The Trump administration faces a Middle East shaped by shifting alliances, unresolved conflicts, and evolving regional priorities, demanding a measured...
- Iran’s diminished influence in the region presents a potential opening for U.S. diplomacy, but Gause warns against the pitfalls of an aggressive regime-change agenda
- Saudi Arabia’s regional strategy has undergone a significant transformation under Crown Prince Mohammed bin Salman, driven by the economic ambitions of Vision 2030
Economy
Global workforce transformation by 2030: WEF predicts 78 million new jobs amid disruptive changes
The widening skills gap challenges employers, with over 59% of the workforce needing reskilling while millions risk redundancy due to...
- One of the most pressing challenges identified by the report is the widening skills gap, with 63% of employers citing it as a significant barrier to transformation
- Upskilling remains the preferred strategy for workforce adaptation, with 77% of employers planning initiatives to enhance their employees' skills
Economy
Qatar’s non-energy private sector shows strong growth in 2024
Doha, Qatar – Qatar’s non-energy private sector recorded robust growth in the final months of 2024, according to the latest...
- The labour market was a key driver of this growth, with employment and wages increasing at record levels
- Employment saw substantial growth as companies sought to raise output, enhance services, and manage workloads
Geostrategy
UAE discusses temporary Gaza governance with US, Israel, seeks two-state solution assurance: report
Discussions led by the UAE include provisional administration, PA leadership overhaul, and Gaza reconstruction, requiring extensive international cooperation and adherence...
- According to sources familiar with the talks, the discussions include the UAE, the US, and other nations overseeing governance, security, and reconstruction of Gaza
- Israeli Prime Minister Benjamin Netanyahu had suggested that the UAE, Saudi Arabia, and other nations could assist in governing Gaza after the war
Economy
Saudi Arabia plans to sustain borrowing spree to fund major projects beyond oil: report
Saudi Arabia secured a $2.5 billion revolving credit facility from Abu Dhabi Islamic Bank, Credit Agricole SA, and Dubai Islamic...
- The National Debt Management Center (NDMC) has estimated Saudi Arabia’s funding needs for 2025 at 139 billion riyals ($37 billion)
- Saudi Arabia was one of the largest bond issuers among emerging markets in 2024, issuing $17 billion in international bonds
Economy
Dubai ranks among world’s top 10 cities in Global Power City Index for second consecutive year
Dubai, UAE - Dubai has been ranked eighth worldwide and first in the Middle East in the Global Power City...
- In an annual study released by Japan’s Mori Memorial Foundation, the index highlights Dubai’s role as a leader in innovation, economic dynamism, and global connectivity
- This achievement makes Dubai the only city in the Middle East to feature in the top 10, reaffirming its position as a major global hub for business, talent, and investment
Economy
UAE labour market transforms with AI revolution and growing demand for high-skill professions
The country is among the most attractive markets for skilled global professionals and talent, thanks to its competitive advantages, including...
- As 2025 begins, the UAE is expected to see a growing demand for highly skilled professionals, particularly in AI and fields leveraging AI technologies across various industries
- A 2024 report by Deel, a global HR management company, highlighted the UAE as the top choice for workers seeking work visas worldwide
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
Company News
Latest News
Microsoft retires Skype, the online voice and video call pioneer
San Francisco, United States - Microsoft on Friday announced it was retiring Skype, the online voice and video call pioneer...
Science
Saudi Arabia, Gulf neighbours say Ramadan to start on Saturday
Observing fasting during Ramadan is one of the five pillars of Islam, requiring believers to abstain from eating, drinking, smoking...
Arts & Culture
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Business
UAE announces top-up tax for multinational enterprises
Abu Dhabi, UAE - The Ministry of Finance has announced the issuance of Cabinet Decision No. 142 of 2024 on...
- The top-up tax will apply to entities that are members of Multinational Enterprises (MNEs) operating in the UAE with annual global revenues of €750 million or more
- To bolster the UAE’s competitiveness as a leading investment hub, the top-up tax has been structured to exclude Investment Entities
Geostrategy
UAE, France discuss bilateral ties, sign AI cooperation deal
Paris, UAE - UAE President Sheikh Mohamed bin Zayed Al Nahyan and French President Emmanuel Macron of France explored various...
- Both sides emphasized collaboration in AI, climate action, energy, and sustainable development initiatives
- They signed the UAE-France Framework for Cooperation in AI, including a 1GW AI Campus investment
Geostrategy
Saudi Arabia says no Israel normalization without Palestinian state
Riyadh, Saudi Arabia - Saudi Arabia said Wednesday it will not formalize ties with Israel unless a Palestinian state is established,...
- Both US President Donald Trump and his predecessor Joe Biden have backed Israel and Saudi Arabia having diplomatic relations
- Riyadh paused tentative talks on the matter early in the Gaza conflict and hardened its rhetoric as the war continued