Gen Z travellers in UAE seek purposeful, tech-enabled journeys: Wyndham study
Dubai, UAE - Gen Z travellers in the UAE are reshaping the future of tourism, prioritizing cultural immersion, sustainability, and...
Layali Diriyah: Blending scents of history, culture, global flavors
Riyadh, Saudi Arabia - Surrounded by the natural emblem of palm trees, Layali Diriyah during Ramadan radiates a distinctive ambiance,...
Business
Arts & Culture
First Saudi horror movie ‘Cello’ screened at cinemas across the Kingdom
RIYADH, SAUDI ARABIA - Saudi cinemas began the screening of the horror and thriller movie Cello, with global participation of...
- Al Al-Sheikh, the writer of the movie, announced that the film achieved the largest opening in the history of Saudi cinema with total of 53,103 tickets sold.
- He said that the movie's stars are Saudis, Gulf, Arabs and international actors, stressing that 60 percent of the cast are from the Kingdom.
Business
ITFC collaborates with Turk Eximbank for providing joint loan of US$277m
JEDDAH, SAUDI ARABIA - The International Islamic Trade Finance Corporation (ITFC), which is a member of the Islamic Development Bank,...
- This collaboration aims to enhance trade volume among the member states of the Organization of Islamic Cooperation.
- The loan aims to support the development of small and medium enterprises' exports as well as private sector companies in Turkey.
Business
Ajman’s exports rise 19 percent in H1 2023
AJMAN, UAE – The Ajman Chamber of Commerce and Industry (ACCI) has revealed that the volume of exports from the...
- Ajman’s total exports reached US$1.2 billion in H1 2023, compared to US$1.1 billion during the same period in 2022.
- Ships and boats topped the list of exported products, followed by mineral oils, fish and steel products.
Business
Kuwait buys 40% stake in Egypt offshore energy project
Kuwait City - Kuwait's Foreign Petroleum Exploration Company (KUFPEC) has entered into an agreement to acquire a 40% stake in...
- The move aligns with KUFPEC's strategy of expanding its operations in collaboration with international partners active in specialized exploration areas
- Khaled Kasem, Chairperson of Shell Egypt's office, highlighted that the partnership will facilitate the exchange of expertise
Business
Yahsat announces cash dividend for H1-23
The second dividend for 2023 is expected to be paid in May 2024.
- To qualify for this dividend, investors must acquire shares by September 27, 2023, or be shareholders as of October 2, 2023
- On an annual basis, the company is on track to deliver a dividend of at least $4.48 cents per share, amounting to $109 million
Geostrategy
Iran may trigger nuclear arms race, says Saudi Arabia
Saudi Crown Prince Mohammad Bin Salman cautioned against the world witnessing another tragedy like Hiroshima in an interview, saying it...
- Saudi Crown Prince cautioned against the world witnessing another tragedy like Hiroshima
- He denied any pause in negotiations with Israel and expressed optimism about the normalization
Geostrategy
Belt and Road Initiative countries expect more cooperation ahead of China-Arab expo
YINCHUAN, CHINA - In the run-up to the sixth China-Arab States Expo, guests from countries and regions along the Belt...
- Morocco was the first country in North Africa to sign the Belt and Road cooperation document with China.
- Since then, the two countries have maintained close political, economic, and cultural connections.
Business
QFMA launches single window e-portal for listing in Qatari financial markets
DOHA, QATAR - Qatar Financial Markets Authority (QFMA) announced the launch of a single window e-portal, which aims to facilitate...
- The single window provides many advantages for firms, related to securities, public offering, or listing on QSE and in acquisitions or mergers.
- It will simplify the procedures for companies by limiting their dealings with just one entity instead of interacting with other authorities separately.
Geostrategy
Syria’s Assad will visit China as Beijing boosts its reach in the Middle East
Damascus, Syria - Syrian President Bashar Assad is set to make his first visit to China this week, highlighting China's...
- China has been expanding its presence in the Middle East, mediating between Saudi Arabia and Iran earlier this year and aiding Assad's regime
- Assad has been invited by Chinese President Xi Jinping for a summit and will travel to Beijing with a high-level Syrian delegation
Abu Dhabi plans to launch English newspaper as part of media network revamp
Abu Dhabi, UAE - Abu Dhabi Media Network is all set to launch an English edition of its existing Al...
- The announcement came on the sidelines of the launch of a new media strategy by Abu Dhabi Crown Prince Sheikh Khaled bin Mohammed bin Zayed
- The strategy also involves the launch of Al Ittihad News Centre, which will operate as a unified media center across various news platforms
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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
Gen Z travellers in UAE seek purposeful, tech-enabled journeys: Wyndham study
Dubai, UAE - Gen Z travellers in the UAE are reshaping the future of tourism, prioritizing cultural immersion, sustainability, and...
Company News
Latest News
UAE investments abroad reach US$2.5trn in beginning of 2024, says UAEIIC
ABU DHABI, UAE – The United Arab Emirates has solidified its position as a leading regional and global player in...
Business
Oman issues Treasury Bills worth US$181m this week
MUSCAT, OMAN – The Central Bank of Oman (CBO) has announced that the total issuance of Treasury Bills amounted to...
Economy
Saudi EXIM bank surpasses 2023 credit goals by 33%
Riyadh, Saudi Arabia -- The Saudi EXIM Bank has given credit facilities amounting to SAR16.5 billion ($4.455 billion), surpassing the...
Business
Most Read
Al-Azhar Ash-Sharif celebrates 1084th anniversary
Cairo, Egypt - Historic al-Azhar Mosque marked its 1084th anniversary of its founding on March 17, celebrated by al-Azhar ash-Sharif...
- The event, held annually on the seventh day of Ramadan, features various activities highlighting the mosque's rich history
- The history of the establishment of the Al-Azhar Mosque dates back to the year 970 by the Fatimid Caliph Al-Muizz Li-Din Allah
Arts & Culture
Riyadh set to debut historic Saudi opera ‘Zarqa Al-Yamama’ on April 25
Riyadh, Saudi Arabia - The capital city of Riyadh is abuzz with excitement as preparations are underway for the premiere...
- The opera is poised to make history as the first grand opera produced in the Kingdom and the largest Arabic grand opera ever staged
- The opera revolves around the legendary figure of Zarqa al-Yamama, a woman from the Geddes tribe known for her foresight and sharp intuition
Geostrategy
Passports officers to ease travel for Ramadan at Dammam airport and causeway
DAMMAM, SAUDI ARABIA – With the increase in passenger traffic during Ramadan, the General Directorate of Passports is ramping up...
- The directorate's officers in Dammam are utilizing modern technology to expedite procedures and ensure smooth and efficient traveler traffic.
- The directorate's officers at both locations are working tirelessly, welcoming travelers and providing services professionally.