World Bank announces plans to restart Syria operations
Washington, United States -- The World Bank on Friday said it would restart operation in Syria following a 14-year pause,...
Geostrategy
Trump’s solar tariffs could drive Asia transition boom
Bangkok, Thailand -- Massive planned US duties on solar panels made in Southeast Asia could be a chance for the...
Business
Economy
Saudi, Malaysia bilateral trade rose 160% in 2022
Riyadh, Saudi Arabia - Bilateral trade between Saudi Arabia and Malaysia rose 160% in 2022 compared to 2021, revealed the...
- The two countries decided to strengthen the existing cooperation in the supply of crude oil and its derivatives
- The Saudi side reaffirmed that the Kingdom will continue to be Malaysia's largest partner for crude oil supplies
Economy
World Investment Forum 2023 ends with call for greater private and public investment
Abu Dhabi, UAE – UNCTAD's 8th World Investment Forum came to a close on Friday in Abu Dhabi with a...
- The week-long event saw the convergence of 8,000 participants, including government officials, international organizations, policymakers, 700 CEOs and investors
- Held against the backdrop of a fragmented global economy, the forum addressed the profound impact on global trade and investment
Geostrategy
Israel urges citizens to immediately leave Egypt, Jordan
Israel urged its citizens to immediately leave Egypt and Jordan, the national security council said on Saturday as regional tensions...
- The notice comes just days after Israel recalled its diplomats from Turkey as a security precaution following an earlier request for its citizens to leave as well
- The war ignited after Hamas militants stormed into Israel from the Gaza Strip, taking more than 200 hostages and killing at least 1,400 people
Geostrategy
At least 30% of all housing units in Gaza destroyed or damaged: UN
Geneva, Switzerland - At least 30% of the housing sector in the Gaza Strip has been either destroyed or rendered...
- "Hospitals are on the brink and overcrowded with patients, many awaiting treatment," the OCHA said
- Hundreds of people including children have been trapped beneath the rubble amid airstrikes in Gaza
Saudi Arabia re-elected president of UNWTO executive council
Samarkand, Uzbekistan - The United Nations World Tourism Organization (UNWTO) approved the re-election of Saudi Arabia as president of its...
- During the first presidency of the Kingdom in 2023, plenty of initiatives that comprised partnership, innovation, and progress were launched
- In 2021, the kingdom launched the Sustainable Tourism Global Center during the Saudi Green Initiative in October 2021 to provide best practices to meet the sector needs
Geostrategy
‘Palestinians never die, they always come back’: Bassem Youssef in viral interview
Dubai, UAE - Egyptian comedian and TV host Bassem Youssef's recent interview with British TV host Piers Morgan has garnered...
- When asked about his views on the deadly Hamas attacks on Israel, Youssef expressed concern for the plight of Palestinians in Gaza
- He also made a sarcastic remark, saying, "It's very repetitive. We are used to that... It's just like those Palestinians are very dramatic
Geostrategy
US troops attacked in Middle East amid fears of widening war
Washington, United States - US military forces in the Middle East have faced multiple threats from drone attacks in Middle...
- Over the span of three days, US troops in Iraq and Syria were targeted by attack drones, resulting in minor injuries to coalition personnel
- These incidents have raised concerns about renewed hostilities against U.S. personnel in the region, as anger grows over Israel's airstrikes
Business
Saudi Arabia, Singapore sign MoU on mutual recognition of halal certificate
Riyadh, Saudi Arabia - The Saudi Food and Drug Authority (SFDA) signed Thursday a memorandum of understanding (MoU) with the...
- The MoU aims to develop procedures for conformity assessment, standard specifications, and technical regulations for issuing these certificates
- It also ensures mutual recognition between the two sides for exported local products as well as the exchange of expertise and knowledge
Geostrategy
Hate speech and incitement in Hebrew against Palestinians on rise: 7amleh
HAIFA, ISRAEL – Hate speech and incitement in Hebrew targeting Palestinians on social media is on the rise, said 7amleh-...
- 7amleh said 63 percent of the documented instances of hate speech and incitement were based on political affiliations.
- 7amleh documented an additional 701 violations that targeted Palestinian users and supporters in the since October 7- 18,
Business
FAB net profit up $3.4bn in 9M 2023
The bank reported total revenue of $5.6 billion.
- The bank reported total revenue of $5.6 billion, marking a 38% year-on-year growth
- The return on tangible equity improved to 18.3%, with Group CET1 reaching 14.2% as of September 2023
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
World Bank announces plans to restart Syria operations
Washington, United States -- The World Bank on Friday said it would restart operation in Syria following a 14-year pause,...
Geostrategy
Company News
Latest News
SAMA: E-payments share reached 70% of total payments in 2023
Riyadh, Saudi Arabia -- The Saudi Central Bank (SAMA) announced on Monday that the share of retail consumer electronic payments...
Economy
Gross written premium rises by 12.7% in Q4 2023 to US$14bn, says CBUAE
ABU DHABI, UAE - The UAE insurance sector continued to grow in Q4 2023, as reflected by the increase in...
Economy
Debt, trade barriers drag Asian economies in 2024, says World Bank report
BANGKOK, THAILAND – Asian economies are not doing as well as they could and growth in the region is forecast...
Economy
Most Read
Business
Rotana announces the soft opening of Dar Rayhaan in Saudi Arabia
Abu Dhabi, UAE – Rotana, one of the leading hotel management companies in the region with over 100 properties in...
- This is in line with Rotana’s ambitious goal of launching eight properties in Saudi Arabia.
- Dar Rayhaan by Rotana offers 133 keys, including 113 rooms and 20 suites,
Business
Global football stars choose Red Sea destination for holiday
TABUK, SAUDI ARABIA – A few days ago, the Red Sea destination hosted several international football stars from Saudi Pro...
- Among the football stars were Cristiano Ronaldo, Fabinho Tavares, Roger Ibanez and Roberto Firmino.
- They also engaged in various water sports and marine activities, making the most of their time.
Economy
Saudi tourism hits record $36 billion inbound spending in 2023
Riyadh, Saudi Arabia - Saudi Arabia's tourism sector contributed to a record-breaking $36 (SR135 billion) in spending by international visitors....
- The Kingdom's remarkable performance in tourism was further highlighted by its leading position in the United Nations Tourism rankings for growth in international tourist arrivals
- The UN's tourism report also noted a substantial rise in both inbound and domestic tourism within the Kingdom, reinforcing its reputation as a premier global tourism destination