Israel will ‘take control of all’ of Gaza, says Netanyahu as WHO warns of famine risk
After more than two months of a total blockade, the World Health Organization issued a stark warning on the humanitarian...
Geostrategy
Saudi airline resumes first Iran hajj flights since 2015
Riyadh, Saudi Arabia -- A Saudi airline has resumed flights for Iranian hajj pilgrims to the kingdom for the first...
Geostrategy
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
Business
UAE’s Tawazun Council signs deals worth $1.27bn at Dubai Airshow
Dubai, UAE - UAE's Tawazun Council, an independent government entity that works closely with the Ministry of Defense and security...
- Four contracts were signed by Tawazun Council on behalf of the Ministry of Defense with local companies, totaling AED 2.7 billion ($740m)
- A contract was signed with “Air Dynamics Solutions” to provide Technical Support and Purchase of Spare Parts and Repair of Aircrafts.
Geostrategy
Israel and Hamas nearing agreement to free hostages: report
Washington, United States - Israel and the Hamas are close to reaching agreements that will make possible to free the...
- The agreement can be announced within several days if the latest issues are resolved, according to the Washington Post op-ed
- According to preliminary agreements, Israeli women and children will be freed in groups simultaneously with Palestinian women and youth currently in Israeli prisons
Geostrategy
Iranian Army reveals advanced Kaman 19 drone
Tehran, Iran – The Army of the Islamic Republic of Iran has made its newest operational drone Kaman-19, a drone...
- Equipped with a specialized engine, the drone is optimized for high-altitude flights, primarily geared towards reconnaissance missions
- What sets the Kaman-19 apart is its prowess in electronic warfare, disrupting enemy radar and electronic systems
Business
Salman Khan’s ‘Tiger 3’ faces ban in Kuwait, Oman and Qatar
Dubai, UAE - The much-anticipated Hindi-language action film Tiger 3, starring Salman Khan and Katrina Kaif, has reportedly been banned...
- According to reports in Indian publications, concerns have been raised over the portrayal of Muslims in the film
- Critics argue that the film perpetuates Islamophobic tropes, a sentiment that might have influenced the decision to ban it in these Gulf countries
Business
ADNOC L&S reports 162% rise in profit
The company also reported an EBITDA of $635 million.
- The company also reported an EBITDA of $635 million (AED2,332 million), marking a substantial 124% year-on-year increase
- The third quarter of 2023 specifically contributed to the positive financial performance, with a 30% year-on-year increase in revenue
Economy
Emiratization: CBUAE to provide financial sector job opportunities
Abu Dhabi, UAE - The CBUAE will provide UAE nationals with job opportunities across various banking and insurance specializations in...
- The central bank will leverage the platform to educate attendants of its regulatory and supervisory role and financial inclusion efforts
- The CBUAE Youth Council will also showcase its initiatives to enhance the role of the youth in the financial sector
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
Israel will ‘take control of all’ of Gaza, says Netanyahu as WHO warns of famine risk
After more than two months of a total blockade, the World Health Organization issued a stark warning on the humanitarian...
Geostrategy
Company News
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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
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
Most Read
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
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