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
UAE suspends coordination of humanitarian aid with Israel
Dubai, UAE - The United Arab Emirates (UAE) has decided to halt its coordination of humanitarian aid with Israel following...
Geostrategy
Geostrategy
Israel urges citizens to immediately leave Egypt, Jordan
Israel urged its citizens to immediately leave Egypt and Jordan, the national security council said on Saturday as regional tensions...
- The notice comes just days after Israel recalled its diplomats from Turkey as a security precaution following an earlier request for its citizens to leave as well
- The war ignited after Hamas militants stormed into Israel from the Gaza Strip, taking more than 200 hostages and killing at least 1,400 people
Geostrategy
At least 30% of all housing units in Gaza destroyed or damaged: UN
Geneva, Switzerland - At least 30% of the housing sector in the Gaza Strip has been either destroyed or rendered...
- "Hospitals are on the brink and overcrowded with patients, many awaiting treatment," the OCHA said
- Hundreds of people including children have been trapped beneath the rubble amid airstrikes in Gaza
Saudi Arabia re-elected president of UNWTO executive council
Samarkand, Uzbekistan - The United Nations World Tourism Organization (UNWTO) approved the re-election of Saudi Arabia as president of its...
- During the first presidency of the Kingdom in 2023, plenty of initiatives that comprised partnership, innovation, and progress were launched
- In 2021, the kingdom launched the Sustainable Tourism Global Center during the Saudi Green Initiative in October 2021 to provide best practices to meet the sector needs
Geostrategy
‘Palestinians never die, they always come back’: Bassem Youssef in viral interviewÂ
Dubai, UAE - Egyptian comedian and TV host Bassem Youssef's recent interview with British TV host Piers Morgan has garnered...
- When asked about his views on the deadly Hamas attacks on Israel, Youssef expressed concern for the plight of Palestinians in Gaza
- He also made a sarcastic remark, saying, "It's very repetitive. We are used to that... It's just like those Palestinians are very dramatic
Geostrategy
US troops attacked in Middle East amid fears of widening war
Washington, United States - US military forces in the Middle East have faced multiple threats from drone attacks in Middle...
- Over the span of three days, US troops in Iraq and Syria were targeted by attack drones, resulting in minor injuries to coalition personnel
- These incidents have raised concerns about renewed hostilities against U.S. personnel in the region, as anger grows over Israel's airstrikes
Business
Saudi Arabia, Singapore sign MoU on mutual recognition of halal certificate
Riyadh, Saudi Arabia - The Saudi Food and Drug Authority (SFDA) signed Thursday a memorandum of understanding (MoU) with the...
- The MoU aims to develop procedures for conformity assessment, standard specifications, and technical regulations for issuing these certificates
- It also ensures mutual recognition between the two sides for exported local products as well as the exchange of expertise and knowledge
Geostrategy
Hate speech and incitement in Hebrew against Palestinians on rise: 7amleh
HAIFA, ISRAEL – Hate speech and incitement in Hebrew targeting Palestinians on social media is on the rise, said 7amleh-...
- 7amleh said 63 percent of the documented instances of hate speech and incitement were based on political affiliations.
- 7amleh documented an additional 701 violations that targeted Palestinian users and supporters in the since October 7- 18,
Business
FAB net profit up $3.4bn in 9M 2023
The bank reported total revenue of $5.6 billion.
- The bank reported total revenue of $5.6 billion, marking a 38% year-on-year growth
- The return on tangible equity improved to 18.3%, with Group CET1 reaching 14.2% as of September 2023
Geostrategy
Biden to address nation on Israel, Ukraine as crises mount
The US president trod a tightrope on his wartime visit to Israel, with key Arab allies Jordan and Egypt calling...
- The 80-year-old, who is seeking a second term in 2024, will address the nation less than 24 hours after returning from a high-stakes solidarity trip to Israel
- The Democrat's primetime speech comes as he prepares to ask Congress for a joint $100 billion package that includes money for Ukraine and Israel
Business
Saudi Arabia offers to fund Iraq’s largest housing project
Baghdad, Iraq - Saudi banks have offered to fund Iraq's largest housing project, which was previously stalled by South Korea's...
- Some Saudi banks have expressed their interest in contributing funds, along with several Iraqi banks and foreign investment companies
- The Bismaya project had already seen the construction of approximately 30,000 out of the planned 100,000 houses near the capital Baghdad
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
Company News
QatarEnergy, Mitsui ink pact
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AD Ports Group, KPT ink pact
Business
Saudi solar company ALUPCO partners with Mexico-based Array technologies
Riyadh, Saudi Arabia - Saudi Arabian aluminum extrusion company Aluminum Products (ALUPCO) has entered into a strategic collaboration with Array...
Business
Saudi Arabia pursues AI hub future: PIF Governor
Riyadh, Saudi Arabia - Governor of Saudi Public Investment Fund (PIF) Governor Yasir Al-Rumayyan on Thursday positioned Saudi Arabia as...
Economy
Saudi Arabia, China sign MoU to develop air transport cooperation
Beijing, China - Saudi Arabia and China on Thursday signed a memorandum of understanding (MoU) to develop air transport cooperation. The...
Business
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Geostrategy
Saudi foreign minister seeks G20 action on Gaza
Rio de Janeiro, Brazil - Saudi Foreign Minister Prince Faisal bin Farhan called on G20 nations to apply pressure for...
- Prince Faisal voiced these sentiments during the inaugural session of the G20 Foreign Ministers' Meeting in Rio de Janeiro, Brazil
- The Saudi minister underlined the imperative for international institutions to uphold their commitments globally and adopt clearer stances
Economy
Saudi Arabia’s trade surplus remains stable at $26bn
Riyadh, Saudi Arabia - Saudi Arabia's trade surplus remained stable at SR97 billion ($25.8 billion) in the fourth quarter of...
- The report indicates a 14.4 percent decline in merchandise exports during the fourth quarter compared to the same period in 2022
- Non-oil exports experienced a 1.2 percent decrease, with the chemical industry products, constituting a third of non-oil exports, witnessing an 18 percent decline
Business
Over 6,000 F&B companies join Dubai Chamber of Commerce in 2023
DUBAI, UAE – President and CEO of Dubai Chambers Mohammad Ali Rashed Lootah has revealed that 6,478 new Food and...
- The total number of F&B companies registered with Dubai Chamber of Commerce stood at 22,585 at the end of 2023.
- Dubai Chamber of Commerce launched 11 business groups dedicated to the industry, eight of which were set up in 2023.