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
Loyalty Lost: How brands need to adapt to the modern traveler
Dubai, UAE: As 2025 unfolds, travel brands are facing a significant challenge: customer loyalty. Traditional rewards programmes, often based on points systems,...
Business
Geostrategy
EU foreign policy chief to visit China next week
China while also maintaining ties with the world's second-largest economy. European Commission President Ursula von der Leyen has defined the...
- Borrell first pushed back the trip in April after testing positive for coronavirus and was then expected to go in July before China abruptly called off the visit
- He will meet Chinese Foreign Minister Wang Yi "to discuss bilateral relations as well as foreign policy and security issues", the EU official added
Business
Saudi MATARAT inks pact with Brazil’s Union of Airports
Rio de Janeiro, Brazil - The Saudi MATARAT Holding Company signed Wednesday a memorandum of understanding (MoU) with Brazil’s Union...
- The agreement aims to enhance cooperation and integration between the two parties in aviation and airport management
- The signing of the MoU took place on the sidelines of the Saudi-Brazilian Aviation Conference in Rio de Janeiro
Economy
GCC economic integration: The grouping okays more measures at Muscat meeting
Riyadh, Saudi Arabia - The Gulf Cooperation Council (GCC) has approved several more regulations and resolutions as part of its...
- GCC took more steps to complete the GCC Customs Union and the GCC Common Market to achieve economic unity by 2025
- Muscat meeting also took note of the signing of a Free Trade Agreement between GCC countries and the Islamic Republic of Pakistan
Geostrategy
UAE President receives Speaker of Iranian Parliament
Abu Dhabi, UAE – UAE President Sheikh Mohamed bin Zayed Al Nahyan on Thursday received Mohammad Baqer Qalibaf, Speaker of...
- During the meeting at Qasr Al Shati in Abu Dhabi, the UAE president conveyed his greetings to Iranian president Dr Ebrahim Raisi
- The two sides discussed relations between the two countries and ways to enhance ties, especially at the parliamentary level
Geostrategy
Qatar, Iran discuss cooperation in free zones, investment
DOHA, QATAR - Minister of State and Chairman of the Board of Directors of the Free Zones Authority Ahmad bin...
- The Qatari minister and the Advisor to the Iranian President discussed reinforcing cooperation between the two countries.
- The Iranian leader and accompanying delegation toured the Free Zones at Ras Bufontas and Umm Alhoul Free Zone.
Business
Saudi Jisr raises $30m investment from Merak Capital
Riyadh, Saudi Arabia - Jisr, the largest platform for digitizing human resources operations in Saudi Arabia, has closed an investment...
- This marks the largest Series A investment round for a Software as a Service (SaaS) company in the Middle East
- Jisr, founded in 2016, stands as the first Saudi human resources management platform, supporting over 3,000 clients
Geostrategy
Keir Starmer, former human rights lawyer, may be Britain’s next prime minister
Labour heads into its annual conference in Liverpool, northwest England, this weekend enjoying double-digit leads in opinion polls ahead of...
- When Starmer took charge of the party three years ago after the disastrous reign of socialist Jeremy Corbyn, he vowed to unite it and get it back on a path to power
- The 61-year-old has moved the main opposition back to the centre ground, quietened dissent among the left, and rooted out anti-Semitism within its ranks
Geostrategy
Iraqi Prime Minister to visit Moscow for talks with Russian president
Baghdad, Iraq - Iraqi Prime Minister Mohammed Shia Al-Sudani is scheduled to embark on a two-day visit to Moscow from...
- Prime Minister Al-Sudani is set to leave Iraq on October 9, with a planned meeting between him and President Putin on October 10
- Iraqi state media previously reported that the trip would serve as an opportunity to strengthen ties and foster collaboration between the two nations
Geostrategy
Israeli minister’s historic address in Saudi Arabia marks diplomatic turning point
Riyadh, Saudi Arabia - In a historic diplomatic event, Israeli Communications Minister Shlomo Karhi delivered a speech in Saudi Arabia...
- Karhi, dressed in a blue suit and a crocheted skullcap, addressed the audience in English from his seat, holding a handheld microphone
- US Secretary of State Antony Blinken is reportedly scheduled to visit Israel and the West Bank, indicating the continued commitment to the diplomatic process
Economy
UAE Vice President forms Board of Investment Corporation of Dubai
Dubai, UAE - Vice President and Prime Minister of the United Arab Emirates Sheikh Mohammed bin Rashid Al Maktoum has...
- The board will be chaired by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai
- Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, will serve as a Vice Chairman of the Board
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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
Company News
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ADNOC buys 25% stake in OMV
Business
QFC signs two MoUs
Business
Visa-free policies make Middle East preferred destination for Chinese travelers
Dubai, UAE - As China's outbound tourism steadily rebounds from the pandemic's impact, the Middle East is emerging as a...
Economy
Saudi RCU begins rock excavation for Sharaan Resort in AlUla
ALULA, SAUDI ARABIA – The Royal Commission for AlUla (RCU) has marked a significant milestone in the development of the...
Arts & Culture
Hotel Dar Tantora is inspired by Saudi’s AlUla ancient mudbrick buildings
ALULA, SAUDI ARABIA – Situated in the heart of Old Town here, Dar Tantora Hotel offers guests a chance to...
Arts & Culture
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Economy
UAE’s overseas investments surpass $2.5trn mark
Dubai, UAE - The UAE's total assets abroad, encompassing both governmental and private investments, have reached $2.5 trillion as of...
- United States remained the prime destination, attracting substantial investments in bonds and direct ventures
- Egypt closely follows with significant investments, along with the United Kingdom, India, and Morocco
Business
IOTA Foundation launches US$10m investment fund at Investopia 2024
ABU DHABI, UAE – Minister of Economy and Chairman of Investopia Abdullah bin Touq Al Marri attended the unveiling of...
- The fund's primary goal is to promote the development of TradeTech solutions and support the expansion of startups.
- The announcement aligns with Investopia's vision to inspire entrepreneurs to expand into new economic sectors.
Business
Passenger air traffic has reached pre-pandemic levels, says ICAO
MONTREAL, CANADA – In the first quarter of 2024, the International Civil Aviation Organization (ICAO) projected that passenger air traffic...
- ICAO’s latest analysis also reveals new insights into aviation industry for the year 2023.
- It said that air traffic on most routes had reached or surpassed pre-pandemic levels by end of 2023.