‘Gentle giants’: World’s strongest men defy stereotypes
Sacramento, United States -- Eddie Williams is a schoolteacher from Monday to Friday and a wedding singer on weekends. In...
Arts & Culture
Dbeibah calls on armed groups to align with state
Days of clashes in the capital have pitted an armed group aligned with the Tripoli-based government against groups it has...
Geostrategy
Economy
Fitch maintains ‘A+’ rating of Saudi Arabia’s PIF, outlook stable
Riyadh, Saudi Arabia - Global credit agency Fitch Ratings has reaffirmed Saudi Arabia’s Public Investment Fund's (PIF) long-term foreign- and...
- The agency highlighted the PIF’s robust financial autonomy and its critical role in bolstering Saudi Arabia’s non-oil gross domestic product
- Fitch notably expressed the far-reaching consequences of a potential PIF default, foreseeing adverse effects on Saudi Arabia's Vision 2030 goals
Science
Bayanat, Yahsat, ICEYE increase Middle East satellite fleet to 7
Abu Dhabi, UAE – Bayanat, a leading provider of AI-powered geospatial solutions, and Al Yah Satellite Communications Company (Yahsat), the...
- The expansion of the constellation means that orbiting satellites will revisit the Middle East more frequently
- Using radar signals rather than light, the SAR satellite images deliver persistent monitoring of specific locations on the Earth’s surface
Business
EDGE to supply metallic machined parts to Boeing
Abu Dhabi, UAE – EDGE, an advanced technology group specialising in precision engineering in the UAE’s aerospace, oil & gas,...
- The company will execute the procurement of raw materials, machining parts, and surface treatment processes
- EDGE manufactures high-quality complex engineering components for the defence, aerospace and oil & gas sectors
Business
Indian film company to operate cinemas in Saudi Arabia
Dubai, UAE - Mukta A2 Multiplex WLL, the international subsidiary of Mukta Arts, one of India's leading film production houses,...
- We are thrilled to contribute our expertise and commitment to delivering top-notch entertainment within the region, Rahul Puri, MD, said.
- Puri added that their strategy revolves around contractual agreements geared toward providing superior management and operational services
IAEA greenlights 3 national projects in Qatar
Doha, Qatar - The International Atomic Energy Agency (IAEA) has given the green light to three new national projects in...
- The projects undertaken by Qatar under the IAEA framework aim to harness nuclear energy for peaceful and scientific sectors
- The partnership also aims to address pressing global challenges such as plastic pollution in seas through advanced technologies and awareness initiatives
Geostrategy
Biden, Xi take steps to reduce tensions at key summit
Central to the discussions was the commitment to restore military-to-military communications, previously severed after a visit by former House Speaker...
- In opening remarks, Biden said the US and China had to ensure that competition between them "does not veer into conflict" and manage their relationship "responsibly."
- Xi called the US-China relationship "the most important bilateral relationship," saying he and Biden "shoulder heavy responsibilities for the two peoples, and for the world."
Business
ADNIC reports $82m profit
This marks 16% increase compared to the same period last year.
- The company's focus on market-leading underwriting and investment performance resulted in a net profit of AED 301.9 million
- ADNIC's recently announced its intent to acquire a 51% stake in Allianz Saudi Fransi Cooperative Insurance Co
Geostrategy
US wants war between Israel and Hamas contained: Pentagon official
Washington, United States - United States wants to see the war between Israel and Hamas contained to Gaza and not...
- As of today, "we have not seen this war spill over into other neighboring countries and into the region," Sabrina Singh said
- However, Iranian-backed groups in Syria and Iraq have continued attacks on US troops engaged in the defeat-ISIS mission, she added
Business
Aramco produces first unconventional tight gas
Dhahran, Saudi Arabia - Aramco, one of the world’s leading integrated energy and chemicals companies, has successfully produced the first...
- Commissioned facilities at South Ghawar have a 300 million standard cubic feet per day (scfd) of raw gas processing capacity
- Work is also progressing at the giant Jafurah unconventional gas field, which is the largest liquid-rich shale gas play in the Middle East
Business
Apple to allow applications to be downloaded outside app store
Washington, United States - The American company Apple intends to provide the possibility of downloading applications from outside its official...
- Developers will also be able to publish their applications in alternative stores without having to pay special fees to Apple
- The Digital Markets Act requires technology companies to open their services and platforms to other companies and developers
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
‘Gentle giants’: World’s strongest men defy stereotypes
Sacramento, United States -- Eddie Williams is a schoolteacher from Monday to Friday and a wedding singer on weekends. In...
Arts & Culture
Company News
Latest News
Dubai SME, Danube Group partner to aid Emirati-owned SMEs
Dubai, UAE – Danube Group, a leading conglomerate in the Middle East and Dubai SME, a subsidiary of the Dubai...
Business
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...
Economy
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...
Business
Most Read
Business
Saudi to bring in more tourists from the Caribbean with expanded eVisa program
Riyadh, Saudi Arabia – The Saudi Tourism Authority (STA), in collaboration with the Saudi Ministry of Tourism, has announced the expansion of...
- Nationals of Caribbean can now apply for a visitor visa to Saudi either electronically or at the country’s international ports of entry
- The program constitutes a key pillar in delivering the revised Vision 2030 target of attracting 150 million tourists
Business
ATM 2024 in Dubai to host 2,300 exhibitors from 165 countries
Dubai, UAE - The 31st edition of Arabian Travel Mart, 2024, taking place from May 6 to May 9, is...
- ATM 2024 has seen a 21% year-on-year increase in participating hotel brands, alongside a notable 58% rise in new Travel Technology products on display
- New destinations will be introduced at ATM 2024, including China, Macao, Kenya, Guatemala, and Columbia, while returning countries include Spain and France, among many others
Business
Ajman seeks strategic alliances at Arabian Travel Market 2024
Ajman, UAE - The Arabian Travel Market 2024 (ATM) kicks off in Ajman from May 6 to May 9, celebrating...
- Ajman has witnessed a significant surge in tourism, reflecting its growing appeal and popularity among domestic and international travelers
- International arrivals have seen a remarkable 29% increase in 2023 compared to 2022, with international visitors constituting 60% of Ajman's total arrivals