Ads pressured to evolve as AI changes Google search
San Francisco, United States -- As Google races to lead in artificial intelligence, it faces the challenge of making sure...
Business
Oil prices jump on report of Israel prepping Iran strike
Both main crude contracts jumped around one percent after CNN reported multiple US officials as saying the government had received...
Geostrategy
Economy
Dubai real estate sales near record $109bn in 2023
Dubai, UAE - Dubai real estate annual sales comprising 127,000 deals have exceeded Dhs400 billion ($109 billion) during the current year...
- The momentum in the real estate market in the emirate will continue during the next year, according to Walid Al Zarooni, CEO of the W Capital.
- The residential real estate markets, Al Zarooni said, may remain at the investors radar during 2024 considering the latest trends in the market
Economy
Oman year-on-year growth rate touches 15.4 percent
Muscat, Oman - Oman's achieved a 15.4% year-on-year sector growth, as reported by the National Center for Statistics and Information...
- The growth revolves around a rapidly evolving landscape, propelled by strategic investments and diversification endeavors.
- Omani Maritime freight was at the forefront, commanding a significant 54.8% share of all inbound goods in 2022.
Saudi Chemical Co announces dividend
The company will distribute $11,385,120 to its shareholders.
- Shareholders possessing a portion of the 843,200,000 shares eligible for dividends will benefit from this payout
- Each share is set to receive a dividend of 0.05 SAR, which represents a 5% dividend relative to the share par value
Business
GIB, KSA wrap up Sukuk debut
Gulf International Bank is a merchant bank in the Middle East
- The bank’s Sukuk programme is aligned with its strategic objectives to facilitate balance sheet growth and contribute to the realization of the national economic objectives
- GIB Capital’s CEO Osamah Shaker said that the bank is delighted to act as the sole arranger for the establishment of the Sukuk Programme and the Bank’s debut issuance
Business
KPMG’s global revenue touches $36bn
The company has outlined a collective investment of $4.2b.
- The announcement came in after KPMG International declared the annual globally aggregated revenues for KPMG firms of US$36b for FY23
- The financial figures highlight robust year-on-year growth of the company, reinforced by a multi-disciplinary approach
Geostrategy
Russia extends ban on entry of trucks from EU, UK, Norway, Ukraine
MOSCOW, RUSSIA - The Russian government has extended the ban on the entry of trucks from the European Union, the...
- “The restriction will remain in effect until the circumstances that served as the basis for its introduction are eliminated,” the Russian Cabinet said.
- The ban was introduced in 2022 as a response to the EU’s decision not to allow trucks with Russian and Belarusian license plates through.
Geostrategy
Sheikh Hamdan approves $41m worth bonus for civilian employees of Dubai govt entities
DUBAI UAE - Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince and Chairman of The Executive Council of...
- The bonuses will be granted to eligible civilian employees based on the criteria set by the DGHR.
- The Dubai Government remains committed to acknowledging excellence and holds in high regard those who make significant contributions
Arts & Culture
10m people attend Riyadh Season 2023 events in first 50 days, says report
RIYADH, SAUDI ARABIA - According to the Riyadh Season, 10 million people took part in the activities organized in the...
- Riyadh Season 2023 started in late October, and since then, it has witnessed a large visitor turnout at all entertainment areas.
- At the Season, visitors can enjoy concerts, exhibitions, festivals and other events in which celebrities and prominent brands participate.
Ukraine says it shot down three Russian Su-34 fighters
Air force commander Mykola Oleshchuk said the Su-34 jets were downed around noon on Friday. In his announcement he noted...
- In his nightly address on Friday, President Volodymyr Zelensky thanked the soldiers who shot down the Russian fighters in the Kherson region
- The Kremlin has not commented on the Ukrainian claims but Russian war blogger Fighterbomber said there had been losses, likely due to the Patriot missile air-defence system
Deyaar, Arady Properties sign MoU
Deyaar is a leading real estate developer in Dubai.
- The MoU outlines the commercial objectives for the project and provides a framework for further negotiations
- Deyaar has developed strategic partnerships with renowned real estate entities in the region and beyond
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
Ads pressured to evolve as AI changes Google search
San Francisco, United States -- As Google races to lead in artificial intelligence, it faces the challenge of making sure...
Business
Company News
Latest News
Saudi Space Agency launches ‘Space Futures Centre’
Riyadh, Saudi Arabia - The Saudi Space Agency (SSA) announced Sunday the launch of the Centre for Space Futures, the...
Science
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...
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...
Most Read
Geostrategy
Iran FM in Saudi for talks on Gaza and Lebanon
Iranian Foreign Minister Abbas Araghchi's arrival in Saudi Arabia aims to address Israeli military aggression in Gaza and Lebanon, seeking...
- The Saudi Al-Ekhbariya channel broadcast footage of Saudi Foreign Minister Prince Faisal bin Farhan greeting Araghchi and his delegation in Riyadh
- Araghchi's visit to Saudi Arabia comes as the region awaits Israel's response to an Iranian missile attack on its territory last week
UAE to host 2025 Asia-Pacific amateur championship at Emirates Golf Club
Gotemba, Japan -- The Asia-Pacific Golf Confederation (APGC), the Masters Tournament and The R&A has announced that the 16th Asia-Pacific...
- Notable past competitors include Hideki Matsuyama, a two-time winner of the Asia-Pacific Amateur and the 2021 Masters champion, and Cameron Smith, champion of The 150th Open
- Designed by Karl Litten and established in 1988 as the first grass course in the Middle East, Emirates Golf Club’s Majlis Course is located south of downtown Dubai
Business
UAE backs Egypt’s Ras El Hekma megaproject, aims for $110 billion investment
Abu Dhabi, UAE - The UAE Ministry of Investment (MoI) announced today its support and key role in the advancement...
- Located approximately 350 kilometres northwest of Cairo, the Ras El Hekma project has garnered significant interest from Emirati investors
- Modon Holding, the master developer for the Ras El Hekma megaproject, will steer the project in partnership with prominent partners from Egypt