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
UAE president, rulers of Emirates celebrate flag day
Abu Dhabi, UAE -- The UAE President Sheikh Mohamed bin Zayed Al Nahyan and the Supreme Council Members, rulers of the Emirates,...
- The leaders expressed their utmost pride on this precious occasion, stressing that the celebration symbolizes their unity
- The Flag Day was first celebrated in 2013 to celebrate the accession of Sheikh Khalifa as President of the UAE in 2004
Geostrategy
Blinken’s visit to Israel to focus on minimizing civilian casualties
Washington, United States - US Secretary of State Antony Blinken who arrived in Israel today on a diplomatic visit will...
- Blinken also intends to focus on the future of Gaza post-Hamas, exploring avenues for humanitarian aid to reach the area and strategies to prevent the conflict from spreading
- The conflict in Gaza, which began when Hamas militants breached the border on October 7, has resulted in a significant loss of life and an escalating humanitarian crisis
Geostrategy
Russian Foreign Ministry specifies conditions for resuming grain deal
Moscow, Russia - Moscow on Thursday reiterated the need to fully implement the provisions of the Russia-UN memorandum for the...
- The implementation of the grain deal, an agreement on a corridor for ships with Ukrainian grain concluded in July 2022, was terminated on July 17
- Russian President Vladimir Putin previously noted that the terms of the deal with regard to Russia were not met, despite the efforts of the UN
Business
ADX partners with HSBC to develop digital assets
Abu Dhabi, UAE - Abu Dhabi Securities Exchange (ADX) and HSBC Bank Middle East Limited are working together in the...
- The initiative leverages the investment product knowledge of ADX, and HSBC’s investment banking, capital markets and blockchain capabilities.
- Digital bonds are financial instruments that are created and managed using blockchain and smart contract technology to create efficiencies in capital markets
Geostrategy
Israeli Prime Minister orders hunt for Hamas leaders: Seymour Hersh
New York, United States - Israeli Prime Minister Benjamin Netanyahu reportedly ordered Israeli intelligence agencies to track and assassinate all...
- Hersh claims that, based on information from a "well-informed Israeli," Netanyahu tasked intelligence agencies with a mission to eliminate Hamas leaders
- The directive is said to extend to the families of Hamas political and military leaders, including their spouses, siblings, children, and parents
Americana Restaurants reports $1,897m revenue
The company's adjusted EBITDA reaching $446.5 million.
- Profitability remained a key highlight, with the company's adjusted EBITDA reaching $446.5 million for the first nine months of 2023
- The company's steady expansion continued, adding 184 gross new restaurants, bringing the total portfolio to 2,338 restaurants
Geostrategy
Saudi defense minister meets Blinken, Lloyd over Gaza war
Washington, United States - Saudi Minister of Defense, Prince Khalid bin Salman bin Abdulaziz met the US Secretary of State...
- The focus of the meeting with Blinken was the ongoing Israeli-Palestine conflict, with discussions centered on joint efforts and coordination to de-escalate
- Prince Khalid also met Austin at the Pentagon and discussions focused on bilateral affairs and the situation in Middle East
Economy
No-oil trade between UAE, Jordan reached $4.5 bn in 2022
Abu Dhabi, UAE - The non-oil trade volume between the UAE and Jordan has reached AED16.5 billion ($4.5 billion) in...
- The Abu Dhabi Fund for Development has contributed to financing numerous development projects in Jordan
- The fund, with an allocation of $10 billion, is geared to propel industrial development in the region and diversify economies
Business
Houthi missile, drone attacks at Israel create spillover fears
Dubai, UAE - The Houthi movement, which is part of the "Axis of Resistance" supported by Iran, has expressed its...
- Houthi military spokesperson Yahya Saree announced in a televised statement quoted by Reuters that they had launched a number of ballistic missiles and drones toward Israel
- Israel's National Security Adviser, Tzachi Hanegbi, described the Houthi attacks as intolerable but did not provide specific details on how Israel might respond
Geostrategy
Around 420 children killed or injured in Gaza daily: UNICEF
Rabat, Morocco - On average, around 420 children are killed or injured every day in Israel’s attacks on the Gaza...
- Reportedly more than 3,450 children killed; staggeringly this rises significantly every day, UNICEF spokesperson said.
- Women and children constitute about 70% of those killed in the Gaza Strip, UNRWA official Philippe Lazzarini said
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
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
Company News
Du, Samsung ink agreement
Business
Latest News
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
Air Arabia Egypt marks its first flight to Istanbul
CAIRO, Egypt – Air Arabia Egypt on Sunday commenced its first non-stop flight from Cairo International Airport to Sabiha Gökçen...
Business
Jordanian industrialists call for export diversification
AMMAN, JORDAN – Jordanian industrialists have emphasized the imperative of strategic planning to bolster export diversification, underlining key measures such...
Business
Most Read
Business
CBI, zypl.ai ink partnership
The pact aligns with CBI’s plan to support innovation in UAE.
- CBI, zypl.ai partnership signifies a strategic entry into using AI implementation for advanced credit scoring.
- CBI plans to further enhance operational efficiencies to ensure a swift and seamless lending experience.
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...
- According to reports, the Emirati foreign ministry has expressed its outrage to the Israeli ambassador Amir Hayek over the death of seven World Central Kitchen workers in Gaza
- Efforts to address the situation are underway, with Israel's Foreign Minister, Israel Katz, engaging in a phone conversation with his Emirati counterpart, Abdullah bin Zayed
Economy
Saudi Arabia offers 50% discount on accumulated traffic fines before April 18
Riyadh, Saudi Arabia - The Saudi Ministry of Interior has announced a significant measure aimed at reducing the burden of...
- The objective is to incentivize offenders to settle their fines within a six-month window from the commencement of the initiative
- Payment options include either clearing all fines at once or settling each fine individually, provided there are no additional safety-related violations