No Israel stop for Trump on Mideast tour shows shifting ties
Jerusalem, Undefined -- US President Donald Trump's decision to skip over Israel in his Middle East tour was just the...
Geostrategy
US Fed expected to pause cuts again and wait for clarity on tariffs
Washington, United States -- The US Federal Reserve is widely expected to extend a recent pause in rate cuts this...
Economy
Business
Smart and Autonomous Vehicles Industries cluster launches at Masdar City
Abu Dhabi, UAE - A Smart and Autonomous Vehicles Industries (SAVI) cluster was launched at Masdar City on Friday. It...
- SAVI will support innovation and the commercialization of smart and autonomous vehicle technologies in the UAE
- The Abu Dhabi Department of Economic Development (ADDED) and Abu Dhabi Investment Office (ADIO) are spearheading the development of SAVI
Ayodhya mosque design in India altered to resemble Middle East
Lucknow, India - The Indo-Islamic Cultural Foundation announced a change in the design of the mosque to be constructed on...
- The new design, prepared by a Pune-based architect, was finalized during a meeting in Mumbai
- The mosque will be larger than the previous plan and will be capable of accommodating over 5,000 people upon completion
Economy
Non-cash transactions in Egypt set to reach $16.34 billion in 2023
Cairo, Egypt - The Egyptian market is projected to reach an impressive $16.34 billion in non-cash transactions in 2023, while...
- The report suggests that the global growth will continue to accelerate, potentially reaching 2.3 trillion transactions by 2027, with an annual growth rate of 15%
- In Egypt, digital payments are also on the rise, with a predicted annual growth rate of 14.03% from 2023 to 2027
Business
UAE sourced 30% of its gems and jewelry imports from India
Dubai, UAE - The gem and jewelry trade between India and the United Arab Emirates (UAE) has seen substantial growth,...
- The UAE's jewelry imports from India amount to $3.12 billion out of the total $10.48 billion from various parts of the world
- The revelation was made during his address at the third edition of the International Gem and Jewelry Show in Dubai
Geostrategy
UAE president delays state visit to Korea amid Middle East conflict
Seoul, South Korea - UAE President Mohammed bin Zayed Al Nahyan has delayed his planned state visit to South Korea...
- The delay in the visit comes amid rising tensions in the Middle East following a surprise attack by the Hamas militant group on Israel
- UAE President’s visit to South Korea would have marked a historic occasion as the first state visit to Seoul by a UAE president.
Geostrategy
Rockets fired at Tel Aviv after Israeli strikes on Gaza ‘civilians’: Hamas
"The occupation (Israeli forces) committed massacres this morning in Al-Shati camp and Jabalia camp, leaving dozens of martyrs and injured,"...
- AFP correspondents witnessed dozens of air strikes over 30 minutes on Thursday morning in the direction of Al-Shati camp and in the blockaded strip's north
- Around another 1,200 people have been killed in the Palestinian coastal enclave in Israeli air strikes, according to Hamas officials
Economy
Africa’s exports expected to hit close to $1 trillion by 2035: Standard Chartered
Marrakesh, Morocco – Africa’s total exports will reach $952 billion by 2035 and the African Continental Free Trade Area (AfCFTA),...
- Rising regional trade levels and greater connectivity will unlock high‑growth corridors across Africa and beyond, the Stanchart report says
- The East Africa-South Asia corridor is expected to emerge as the fastest-growing major corridor, at 7.1 per cent per annum through to 2035, the report adds
Geostrategy
Visa-free Russia travel on the horizon for Saudi, Oman, Bahrain, Malaysia, Kuwait
Sochi, Russia -.Starting in 2024, travelers from Saudi Arabia, Oman, Kuwait, Malaysia and Bahrain may no longer need tourist visas...
- Russia and China have been ready to receive groups of visa-free tourists on a reciprocal basis
- Visa-free group tourism was also launched between Russia and Iran on August 1
Geostrategy
Saudi prince, Iran president hold call on Israel-Hamas war
Analysts say the war has dealt a heavy blow to a possible landmark normalisation deal between Saudi Arabia, home to...
- Prince Mohammed told Raisi that Riyadh is "communicating with all international and regional parties to stop the ongoing escalation", SPA said
- Iranian state news agency IRNA also reported on the call, saying the two men discussed the "need to end war crimes against Palestine"
Business
Zest Equity raises $3.8m seed round to digitize private market transactions
Abu Dhabi, UAE – Zest Equity, a venture-backed technology company offering digital infrastructure for private market transactions, has closed a...
- The Hub71 startup will use these funds to drive the company's ambition to expand its product offering in the MENA region
- Zest Equity has raised a total of $5.7 million with early backers including DFDF, 500 Sanabil, Nuwa Capital, and a significant group of regional angel investors
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No Israel stop for Trump on Mideast tour shows shifting ties
Jerusalem, Undefined -- US President Donald Trump's decision to skip over Israel in his Middle East tour was just the...
Geostrategy
Company News
Latest News
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...
Business
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....
Economy
Digital transformation fuels GCC banks’ growth
The banking sector across the GCC has demonstrated formidable growth and profitability, with Qatar leading in several key performance indicators,...
Business
Most Read
Arts & Culture
Restoration project for Jeddah district’s old buildings completed
JEDDAH, SAUDI ARABIA – The Ministry of Culture, represented by the Jeddah Historic District Program, has announced the completion of...
- The project comes within the context of the Crown Prince's keenness to preserve and rehabilitate historical sites.
- The project aimed to highlight the heritage landmarks that Jeddah District is abundant in as a site containing over 600 heritage buildings.
Business
Abu Dhabi Chamber sets up working group to support startups, SMEs
ABU DHABI, UAE – The Abu Dhabi Chamber of Commerce and Industry (ADCCI) has formed a working group specifically for...
- This initiative aims to support and represent the interests of startups and SMEs in the region.
- The goal is to make Abu Dhabi the top choice for business in the Middle East and North Africa by 2025.
Business
TAQA, JERA sign pact with SATORP to develop plant in Saudi Arabia
ABU DHABI, UAE – Abu Dhabi National Energy Company (TAQA), together with JERA Co., Inc on Thursday announced that they...
- They will develop a greenfield industrial steam and electricity cogeneration plant for Amiral petrochemical complex.
- The Amiral petrochemical complex is expected to house one of the largest mixed-load steam crackers in the Arab Gulf region.