Rising threat: DDoS attacks demand proactive defense
"Threat actors can employ artificial intelligence (AI) and machine learning (ML) algorithms to identify vulnerabilities and adapt their tactics in...
Debt, trade barriers drag Asian economies in 2024, says World Bank report   Â
BANGKOK, THAILAND – Asian economies are not doing as well as they could and growth in the region is forecast...
Economy
Geostrategy
Erdogan confirms that Turkey will host Netanyahu in the next two months
New York, Washington - Turkish President Recep Tayyip Erdogan has announced that Prime Minister Benjamin Netanyahu is scheduled to visit...
- Two leaders met in New York on the sidelines of the 78th session of United Nations General Assembly
- Netanyahu was due to travel to Turkiye in July, but postponed the trip as he had a pacemaker implanted
Economy
Dubai Government reduces public debt by US$7.8bn
DUBAI, UAE - The Public Debt Management Office (PDMO) of the Government of Dubai's Department of Finance (DOF) announced a...
- The achievement has been realized within a year and a half since the establishment of the office in 2022.
- This includes a full redemption of Sukuk certificates worth $898 million, the repayment of bilateral and syndicated facilities totaling $1.4 billion.
Business
India allows export of 75,000 tonnes non-Basmati rice to UAE
New Delhi, India - Indian government has given the green light for the export of 75,000 tonnes of non-basmati white...
- The decision comes in the wake of restrictions placed on non-basmati white rice exports on July 20 aimed at bolstering domestic supplies
- However, exceptions are being made for authorized exports to foreign nations, particularly to meet their food security demands upon request
Economy
Saudi Arabia draws 135m visitors for entertainment events by mid-2023
Riyadh, Saudi Arabia - Saudi Arabia has attracted 135 million visitors to events hosted in 120 cities up to the...
- The GEA has been instrumental in transforming Saudi Arabia's entertainment landscape, issuing more than 14,000 licenses
- Saudi Arabia's flourishing entertainment scene is part of its ambition to become a global hub for culture and leisure
Geostrategy
Israel joining US Visa Waiver Program: minister
Tel Aviv, Israel - The United States will declare its participation in the Visa Waiver Program (VWP) this week, Israel's...
- To be admitted to the VWP, countries must commit to treating all US travelers equally, irrespective of other passports they may possess
- For Israel, this would mean allowing Palestinian Americans to travel freely at its airports and within the occupied Palestinian territories
Economy
Mining sector to contribute 5% to UAE non-oil GDP by 2030: minister
Abu Dhabi, UAE - The mining sector’s contribution to the non-oil GDP of the United Arab Emirates is set to...
- The ministry has launched the country's first mineral wealth strategy, in collaboration with local authorities, Al Hosani said
- It has also conducted geological and mineral surveys, produced geological maps, and built a geological and geophysical database
Business
ADX inks pact with Expo Center Sharjah to boost financial services
Abu Dhabi, UAE - The Abu Dhabi Securities Exchange (ADX) signed an agreement with the Expo Center Sharjah to enhance...
- The MoU between ADX and Expo Centre Sharjah aims to enhance services provided to the investor community in Sharjah
- ADX and Sharjah Expo will be able to provide their respective customers with a more comprehensive range of services and offerings
Business
UAE, Armenia ink 4 MoUs at joint business forum
YEREVAN, ARMENIA - Chairman of the Federation of UAE Chambers of Commerce and Industry (FCCI) Abdullah Mohamed Al Mazrouei and...
- A UAE delegation of around 100 representatives of government and private entities took part in the forum.
- In the first seven months of 2023, trade between UAE and Armenia was valued at US$870 million.
Geostrategy
Six or seven more Muslim nations to make peace with Israel after Saudis: minister
New York, United States - Following the historic normalization deal with Saudi Arabia, six or seven additional Muslim nations are...
- The revelation comes on the heels of Prime Minister Benjamin Netanyahu's address to the UN General Assembly, in which he hailed the emergence of a "new Middle East."
- Cohen stressed the significance of the peace agreement with Saudi Arabia, saying peace with Saudi Arabia is also peace between Jews and the Muslim world
Business
Saudi Arabia seeks Chinese investment in mining, industry
Beijing, China - Saudi Arabia is seeking Chinese investment in mining and industrial sectors. The Saudi Minister of Industry and...
- The Saudi side highlighted the goals of the National Strategy for Industry and the opportunities provided in various industrial sectors
- The meeting examined the measures, initiatives and incentives provided by the ministry to remove obstacles for investors
Rising threat: DDoS attacks demand proactive defense
"Threat actors can employ artificial intelligence (AI) and machine learning (ML) algorithms to identify vulnerabilities and adapt their tactics in...
Company News
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Riyadh Season opens registration for SEVEN Concours 2024 global car auction
Riyadh, Saudi Arabia - The Riyadh Season has announced the commencement of registration for the SEVEN Concours 2024 exhibition, the...
Business
Newly restored tomb of Neferhotep in Luxor opens to tourists
Cairo, Egypt -- After more than two decades of restoration, the tomb of Neferhotep, a high-ranking 18th dynasty senior official...
MODON attracts US$34m investment to develop military industry in Saudi Arabia
RIYADH, SAUDI ARABIA - The Saudi Authority for Industrial Cities and Technology Zones (MODON) has attracted new investments worth US$34...
Business
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Business
Polestar 3, the electric SUV, hits the streets of the UAE
Dubai, UAE – Al-Futtaim Electric Mobility Company, the official distributor of Polestar in the UAE, have announced the official launch...
- Featuring a unique design language inspired by Polestar Precept and Scandinavian minimalism, Polestar 3 is a fully electric 5-seat luxury SUV
- Polestar 3 is available at launch with a dual-motor configuration with a power bias towards the rear, and an optional Performance Pack for increased power and torque
Business
61 contracts worth $7billion signed at World Defense Show in Riyadh
Riyadh, Saudi Arabia - About 61 purchase contracts totaling approximately SR26 billion ($6.93 billion) were signed at the second World...
- The event, featuring 773 exhibitors and hosting 441 official delegations from 116 countries, attracted 106,000 visitors
- Throughout the show, a total of 73 agreements were finalized, including 17 industrial partnership agreements
Business
DMCC witnesses 10 percent rise in US companies in 2023
DUBAI, UAE – DMCC successfully concluded its most recent Made for Trade Live tour of the US, hosting events in...
- DMCC sees opportunity for American businesses in Dubai after the success of the latest Economic Policy Dialogue held between the US and UAE
- The events saw 100 American executives attend in which speakers advised on the opportunities on offer to American businesses in the UAE