Israel army announces ‘extensive ground operations’ in ramped-up Gaza campaign
Since a two-month ceasefire collapsed in March as Israel resumed its offensive, negotiations mediated by Qatar, Egypt and the United...
Geostrategy
EGA advances plans to build new US aluminum plant
Abu Dhabi, UAE -- Emirates Global Aluminum, the largest ‘premium aluminum’ producer in the world, today announced the progression of...
Business
Business
PureHealth to list on ADX
The company is expected to start trading on ADX in December 2023.
- Subject to obtaining regulatory approvals and other relevant considerations the company is expected that trading on ADX will commence in December 2023
- In May 2023, PureHealth completed its acquisition of Ardent Health Services, which is USA’s fourth largest private healthcare group
Economy
Foreign investors’ ownership in Saudi market surges 300%
Riyadh, Saudi Arabia - The Saudi capital market has witnessed a surge in foreign investments, with the value soaring by...
- This exponential growth accounts for 14.2% of the total value of free float in the main market, compared to SAR 86.86 billion ($23.48 billion) in 2018
- Since allowing direct foreign investment in 2015, the Saudi Capital Market has evolved into a hub where foreign investors actively engage in daily trading
Business
OpenAI faces leadership crisis as staff threaten to follow Altman to Microsoft
This mass discontent follows the unexpected dismissal of OpenAI co-founder Sam Altman, whose leadership in AI advancements like ChatGPT has...
- This mass discontent follows the unexpected dismissal of OpenAI co-founder Sam Altman, whose leadership in AI advancements like ChatGPT has been crucial.
- Reports had also been circulating that Altman is planning to launch a new AI venture and announcement was expected as soon as this weekend
Geostrategy
Manama Dialogue helps in addressing political, security challenges, says GCC
MANAMA, BAHRAIN – Secretary General of the Gulf Cooperation Council (GCC) Jasem Mohamed Albudaiwi has said that the hosting of...
- The conference brings together global senior officials and experts to exchange ideas and theories about common challenges.
- It will help in understanding and analyzing issues, promoting security, peace, prosperity and supporting sustainable development.
UAE’s FANR grants operating license for unit 4 of Barakah Nuclear Power Plant
Dubai, UAE - The Federal Authority for Nuclear Regulation (FANR), serving as the UAE's independent nuclear regulatory body, has officially...
- The UAE Nuclear Programme will play a key role in providing 25% of clean energy
- UAE adheres to international conventions and agreements on nuclear transparency
Business
‘X’ new update includes job search feature, now live on the web
Washington, United States - The X platform has launched a new update that includes the job search feature, which provides...
- A job search tool similar to the LinkedIn platform is now available on X's website
- X reported back in September that “hundreds” of companies had listed open roles in the app
Geostrategy
Palestinian issue has only two-state solution: Erdogan
Ahead of his trip to Germany, Erdogan ramped up his verbal attacks against Israel, calling it a "terror state" and...
- Erdogan was speaking about the recognition of the sovereignty of the states of Israel and Palestine, with the latter having East Jerusalem as its capital
- Erdogan is on a highly controversial visit to staunch Israel defender Germany, made more tricky by his recent accusations directed at Israel
Business
Google launches new AI features for organizing photos
Washington, United States - Google said on Thursday that Google Photos now groups together similar photos and organizes screenshots and...
- Google Photos will automatically identify and group similar photos that were taken close together into Photo Stacks
- The company is also applying the technology to screen shots and important documents stored on a user's phone
Business
UAE awards EDGE $65m contract to supply unmanned aerial systems
Abu Dhabi, UAE – ADASI, the EDGE Group entity, a regional leader in autonomous systems and services, said on Thursday...
- Aimed at further advancing air operations, GARMOOSHA is an unmanned aircraft designed to carry payloads of 120kg with a range of 150km
- With a low-consumption fuel engine, its sensor capabilities make it a versatile system capable of solving some of the most difficult challenges
UAE to build 3 desalination plants to supply Gaza with water
Abu Dhabi, UAE - The UAE is building three desalination plants in Rafah to supply Gaza with water as part...
- The production capacity of each plant is 200,000 gallons per day with a total of 600,000 gallons, benefiting 300,000 people per day.
- The initiative also provides volunteering opportunities for doctors registered with the Ministry of Health and Prevention and the Department of Health Abu Dhabi
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Israel army announces ‘extensive ground operations’ in ramped-up Gaza campaign
Since a two-month ceasefire collapsed in March as Israel resumed its offensive, negotiations mediated by Qatar, Egypt and the United...
Geostrategy
Company News
Latest News
Telegraph report on Hizbollah weapons at Beirut airport sparks outrage
Dubai, UAE - An article in The Telegraph alleging that Hizbollah is stockpiling Iranian weapons at Beirut International Airport (BIA)...
Geostrategy
UAE ranks among the world’s most competitive economies in 2024, says Switzerland’s IMD ranking
The country has risen to the 7th spot in the IMD World Competitiveness Ranking, highlighting its robust economic growth, strategic...
Economy
Canon Middle East, Dubai Business Women Council launch ‘Women Who Empower’ campaign
Canon Middle East and DBWC launch the 'Women Who Empower' campaign, offering training and opportunities for women in imaging and...
Arts & Culture
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Economy
Economic outlook brightening but political risks loom large in 2024, say chief economists
Geneva, Switzerland – The latest Chief Economists Outlook released on May 29 presents a growing sense of cautious optimism about...
- The survey reveals a boost in the outlook for the US, where nearly all chief economists (97%) now expect moderate to strong growth this year, up from 59% in January
- Expectations for China are slightly less optimistic, with three-quarters expecting moderate growth and only 4% predicting strong growth this year
Business
Saudi Arabia partners with Microsoft Arabia for AI use in media
Riyadh, Saudi Arabia - The Ministry of Media and Microsoft Arabia signed a memorandum of understanding (MoU) in Riyadh on...
- The collaboration spans data analysis, machine learning, artificial intelligence, security and privacy solutions, and software and service development solutions
- The MoU aims to enhance the media sector in Saudi Arabia, enabling it to contribute to the local economy and benefit from the advancements of artificial intelligence
Business
SAMA Licenses ‘Hala Financing’ to provide crowdfunding solutions
Riyadh, Saudi Arabia - The Saudi Central Bank (SAMA) has licensed "Hala Financing" to provide debt-based crowdfunding solutions. With Hala...
- With Hala Financing, there are now 11 authorized companies offering debt-based crowdfunding solutions in Saudi Arabia
- The addition brings the total number of finance companies licensed and permitted by SAMA to 62, according to a SAMA news release