Iran top security body: Response to Israeli aggression based on Article 51 of UN Charter
Iran’s Supreme National Security Council (SNSC) says the Iranian armed forces’ attack on the Israeli regime was carried out based...
Geostrategy
Tehran, Baghdad to launch maritime passenger transport line
TEHRAN, IRAN – Iran and Iraq will launch the first maritime passenger transport line within the next two months, an...
Geostrategy
Economy
Russia to continue voluntary oil export cuts by 300,000 barrels a day until yearend
Moscow, Russia - Russia will continue additional voluntary oil export cuts by 300,000 barrels a day until the end of...
- Additional cuts are geared to enhance OPEC+ measures to maintain stability and balance on oil markets
- Russia began to voluntarily cut oil production by 500,000 barrels a day from February’s average back in March
Business
UAE ministry issues guidebooks on Emiratization for employers, employees
DUBAI, UAE - The Ministry of Human Resources and Emiratization (MoHRE) has launched awareness guidebooks for private sector companies and...
- The awareness guidebook for Emiratis working in the private sector covers 11 topics
- The awareness guidebook for the private sector companies covers nine topics.
Geostrategy
Israel ‘significantly refined’ battle plans against Hamas after talks with US
Tel Aviv, Israel - A senior Biden administration official revealed that Israel has made significant adjustments to its military strategy...
- The senior official, who spoke on the condition of anonymity, acknowledged that Israel had reworked its initial military plan
- The senior official asserted that advocating for a ceasefire might not be the most suitable policy for the United States to pursue at this stage
Kuwait City is the Middle East’s most polluted, Baghdad is next
Dubai, UAE - As New Delhi once again topped the list of the world’s most polluted cities, across the Middle...
- Kuwait City recorded an Air Quality Index (AQI) of 165, surpassing all other Mideast cities
- New Delhi again topped a real-time list of the world's most polluted cities
Geostrategy
US uses unarmed Pentagon assets to locate hostages in Gaza: US official
Washington, United States - The US is using unarmed assets of the Department of Defense to help locate hostages held...
- The two Americans that were able to get out of Gaza a couple of weeks ago proved it was possible, the official went on to say
- The situation in the Middle East sharply escalated following an incursion of Hamas militants from the Gaza Strip into Israel on October 7
Business
Saudi Arabian ministry issues 174 industrial licenses
RIYADH, SAUDI ARABIA – The Kingdom’s Ministry of Industry and Mineral Resources announced issuing 174 new industrial licenses in September,...
- The total value of the 174 new industrial licenses in September is US$1.4 billion (SAR 5.3 billion).
- Â A total of 82 factories started production in September, with investments worth US$506 million.
Business
Empower 9M revenue $618m
Firm paid cash dividend of US$115 million.
- For nine months period ending on September 30, 2023, Empower’s revenue and EBITDA grew by 9.5 percent and 7.5 percent respectively.
- On an absolute basis, Empower reported a net profit of US$186 million (AED 685 million) for the nine-month period ending September 2023.
Geostrategy
Hamas ready to swap prisoners with Israel, says official
NEW YORK, US Â - Hamas is ready for a "complete compromise" deal on the issue of swapping hostages with Israel,...
- The Hamas representative said that the group wants to continue fighting against the occupation.
- The group said that it has the legal right to fight against the occupation under international law.
UAE president, rulers of Emirates celebrate flag day
Abu Dhabi, UAE -- The UAE President Sheikh Mohamed bin Zayed Al Nahyan and the Supreme Council Members, rulers of the Emirates,...
- The leaders expressed their utmost pride on this precious occasion, stressing that the celebration symbolizes their unity
- The Flag Day was first celebrated in 2013 to celebrate the accession of Sheikh Khalifa as President of the UAE in 2004
Geostrategy
Blinken’s visit to Israel to focus on minimizing civilian casualties
Washington, United States - US Secretary of State Antony Blinken who arrived in Israel today on a diplomatic visit will...
- Blinken also intends to focus on the future of Gaza post-Hamas, exploring avenues for humanitarian aid to reach the area and strategies to prevent the conflict from spreading
- The conflict in Gaza, which began when Hamas militants breached the border on October 7, has resulted in a significant loss of life and an escalating humanitarian crisis
Iran top security body: Response to Israeli aggression based on Article 51 of UN Charter
Iran’s Supreme National Security Council (SNSC) says the Iranian armed forces’ attack on the Israeli regime was carried out based...
Geostrategy
Company News
ESG 2023 net profit at US$187m
Business
Latest News
Abu Dhabi sees 67% annual rise in number of AI company registrations
Abu Dhabi, UAE - The number of AI companies registered in Abu Dhabi grew at a compound annual rate of...
Economy
IMF predicts soft landing for global economy, yet growth remains muted
Dubai, UAE - The International Monetary Fund (IMF) in a report has indicated that the global economy is on course...
Economy
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...
Business
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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."