The game of ‘chicken’ being played with the world economy can be brought to a cooperative end
A meaningful “G3” accord between the US, Europe, and China must include coordinated fiscal, monetary, development, and trade policies. From...
Economy
Israel defence minister threatens to annex parts of Gaza unless Hamas frees the remaining Israeli hostages
The warning came as Israel stepped up the renewed assault it launched on Tuesday, shattering the relative calm that had...
Geostrategy
Science
UAE spending in space sector surges by 6.6%: survey
Dubai, UAE - The total spending in the UAE's space sector witnessed a 6.61 percent increase compared to the previous...
- The survey highlighted a 14.8 percent rise in research and development (R&D) spending
- It also revealed an 83.6 percent increase in scientific publications related to the space sector
New UAE sports law aims for unified governance
Abu Dhabi, UAE - The new UAE sports aims to establish a unified governance framework for all sports organizations and...
- The law allows sports federations to enter into partnerships with institutions, both national and foreign
- It also focuses on identifying and nurturing sporting talents in schools and clubs through national plans in collaboration with relevant authorities
Business
Elon Musk refutes reports of Tesla-Saudi Arabia talks
The WSJ's report, released on Monday, cited anonymous sources stating that while talks between Tesla and Saudi Arabia were in...
- In a post on platform X, Musk labeled the WSJ's article as "utterly false," although he refrained from providing further details on the matter
- Musk's statement in August last year about this expansion led to widespread speculation regarding the locations of the upcoming facilities
Business
92% of respondents in Saudi Arabia willing to pay more for sustainable broadband
Riyadh, Saudi Arabia - About 92% of respondents in Saudi Arabia consider ‘critical national infrastructure’ and are willing to pay...
- A survey, encompassing 2,000 respondents in the Kingdom, reveals that 91% of participants consider broadband as crucial as basic necessities like water and electricity
- Over half of Internet users in Saudi Arabia primarily use the Internet for social media (58%), streaming videos and gaming (57%), and browsing, reading, or shopping (53%)
Science
UAE celebrates astronaut Sultan Al Neyadi’s homecoming
The UAE president and the ruler of Dubai spent time in conversation with Al Neyadi – accompanied by his father...
- Sheikh Mohamed and Mohammed bin Rashid greeted Al Neyadi upon his arrival at the new Abu Dhabi International Airport following a flight from the US
- Sultan Al Neyadi presented the President with a UAE flag that had accompanied him throughout his 186-day mission to the International Space Station
Geostrategy
UAE, Egypt presidents meet, discuss ties, regional issues
Abu Dhabi, UAE - The UAE President Sheikh Mohamed bin Zayed Al Nahyan of the UAE and President Abdel Fattah...
- The two presidents deliberated on economic, investment, and development collaborations between the two countries
- They exchanged views on regional and global developments, emphasizing the importance of peaceful resolutions to regional conflicts
Economy
UAE’s $1.5 bn bond issue oversubscribed five times
Dubai, UAE - The UAE's $1.5 billion bond issue saw five times oversubscription, attracting over $7.4 billion in bids, the...
- The 10-year bond, with a yield of 4.917%, will list on the London Stock Exchange and Nasdaq Dubai, maturing in September 2033
- The allocation was geographically diverse, with 61% going to banks, 32% to fund managers, 4% to pension funds and central banks, and 3% to the insurance sector
Business
Abu Dhabi council review budget, sports development
Abu Dhabi, UAE - Abu Dhabi Sports Council discussed business developments and plans for developing the sports sector here, local...
- The board reviewed the general financial budget for 2024, which reflects the strong performance of the council and its impact on the sports sector
- They also reviewed the strategic and operational performance report for the first half of 2023 and the performance indicators report
Geostrategy
UAE progresses in countering financial crimes in H1 2023, says official
ABU DHABI, UAE – Director-General of the Executive Office of Anti-Money Laundering and Counter Terrorism Financing (EO AMLCTF) Hamid AlZaabi...
- The UAE confiscated over US$356 million from March 2023 to mid-July 2023, thereby strengthening its financial system.
- The country continues to prioritize international cooperation to combat financial and organized crime.
Geostrategy
Middle East embraces Mandarin learning in geopolitical shift
Riyadh, Saudi Arabia - Middle Eastern countries are increasingly embracing the Mandarin language, extending China's soft power influence in the...
- Saudi Arabia, the largest Arab country in the Middle East, recently mandated Mandarin lessons in all public and private secondary schools, according to Saudi Gazette
- The United Arab Emirates was the first Gulf state to include Mandarin in its national education system, launching a Chinese language program in schools in 2019
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 game of ‘chicken’ being played with the world economy can be brought to a cooperative end
A meaningful “G3” accord between the US, Europe, and China must include coordinated fiscal, monetary, development, and trade policies. From...
Economy
Company News
Latest News
Shipping service connecting India, South East Asia with Saudi Arabia comes up
RIYADH, SAUDI ARABIA – VASI Shipping Pte Ltd has introduced a new shipping service IMS at King Abdulaziz Port in...
Business
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...
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...
Arts & Culture
Most Read
Science
Gemini’s inaccurate AI racial images warn of tech titans’ power
AUSTIN, US – For people at the trend-setting tech festival here, the scandal that erupted after Google's Gemini chatbot cranked out...
- Gaffes such as the images of ethnically diverse Nazi troops forced Google to temporarily stop users from creating pictures of people.
- Social media users mocked and criticized Google for historically inaccurate images, like those showing a female black US senator from the 1800s.
Geostrategy
Noura Al Kaabi leads UAE’s delegation to UN Commission on the Status of Women
NEW YORK, US – Minister of State Noura Al Kaabi led the United Arab Emirates’ delegation to the 68th session...
- Delivering the UAE’s national statement in the CSW68 General Debate, Al Kaabi emphasised the need to protect Palestinian women and girls.
- She participated in a ministerial roundtable on mobilizing financing for gender equality and the empowerment of all women and girls
Business
Saudi Arabia takes part in global mineral and mining meet in Canada
RIYADH, SAUDI ARABIA – A delegation comprising several entities from the Kingdom’s industry and mineral resources' system participated in PDAC...
- The Saudi delegation held meetings with teams from Canada, the Czech Republic and Ecuador.
- These are part of the 85 meetings they will hold with officials of countries and global firms participating in the event.