The US towns that took on ‘forever chemical’ giants — and won
Washington, United States -- No corner of Earth is untouched. From Tibet to Antarctica, so-called "forever chemicals" have seeped into...
Geostrategy
Trump to close deal-making Gulf tour in UAE, announces big Boeing order for Qatar Airways
US President Donald Trump on Thursday closes a Middle East tour in the United Arab Emirates as he focuses squarely...
Geostrategy
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
Geostrategy
Biden to address nation on Israel, Ukraine as crises mount
The US president trod a tightrope on his wartime visit to Israel, with key Arab allies Jordan and Egypt calling...
- The 80-year-old, who is seeking a second term in 2024, will address the nation less than 24 hours after returning from a high-stakes solidarity trip to Israel
- The Democrat's primetime speech comes as he prepares to ask Congress for a joint $100 billion package that includes money for Ukraine and Israel
Business
Saudi Arabia offers to fund Iraq’s largest housing project
Baghdad, Iraq - Saudi banks have offered to fund Iraq's largest housing project, which was previously stalled by South Korea's...
- Some Saudi banks have expressed their interest in contributing funds, along with several Iraqi banks and foreign investment companies
- The Bismaya project had already seen the construction of approximately 30,000 out of the planned 100,000 houses near the capital Baghdad
Business
Saudi Central Bank to collaborate with monetary authority of Singapore in fintech
Riyadh, Saudi Arabia - The Saudi Central Bank (SAMA) signed an agreement with the Monetary Authority of Singapore (MAS) on...
- The agreement seeks to facilitate activities of both organizations in international markets
- It will also provide a framework for cooperation between their innovation departments
Geostrategy
US orders 2,000 more troops to be ready to deploy to Middle East: report
Washington, United States - The US Defense Secretary Lloyd J. Austin III has ordered the preparation of approximately 2,000 additional...
- These troops, currently stationed in the United States and Europe, may not serve in combat roles but would offer advice and medical support to Israeli forces
- While the final decision on deployment has not been made, increasing the troops' readiness enhances the Pentagon’s ability to respond swiftly to the evolving security situation
Business
ADNOC Gas inks $500-700m LNG supply pact with JERA Global Markets
Abu Dhabi, UAE - ADNOC Gas on Wednesday announced a multi-year liquified natural gas (LNG) supply agreement, valued between $500...
- This agreement builds on the long-standing relationship between the UAE and Japan and reinforces ADNOC Gas’ position as a global LNG export partner of choice
- ADNOC’s LNG production facilities on Das Island supplied LNG to the Tokyo Electric Power Company, one of the parent companies of JERA Co, for over 40 years
Economy
China economy growth slowed in third-quarter but beat forecasts
Last year, the economy grew three percent, far from the official target of 5.5 percent, and one of the slowest...
- The 4.9 percent expansion in July-September was helped by forecast-beating retail sales figures and follows a series of broadly positive readings
- But authorities are still on edge over turmoil in the real-estate sector, which has long accounted for a quarter of the country's gross domestic product
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
The US towns that took on ‘forever chemical’ giants — and won
Washington, United States -- No corner of Earth is untouched. From Tibet to Antarctica, so-called "forever chemicals" have seeped into...
Geostrategy
Company News
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flynas receives 50th jetliner out of 120 Airbus A320neo ordered
RIYADH, SAUDI ARABIA – flynas, the Saudi air carrier and the leading low-cost airline in the Middle East and the...
Business
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
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Economy
Saudi women’s unemployment drops to 13.7% by 4Q 2023
Riyadh, Saudi Arabia - The unemployment rate among Saudi women witnessed a historic decline, plummeting to 13.7 percent in the...
- The unemployment rate among Saudi men remained steady at 4.6 percent during the same period
- The overall unemployment rate, encompassing Saudis and non-Saudis, saw a noteworthy decrease to 4.4% in the 4th quarter
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.