Israel presses ground offensive in Gaza, encircles part of Rafah city
Israel's military pressed ground operations across the Gaza Strip on Sunday, encircling part of Rafah city near Egypt almost a...
Geostrategy
‘Dark universe detective’ telescope releases first data
Paris, France - Europe's Euclid space telescope, which is on a mission to shed light on the mysteries of dark...
Science
Economy
UAE is 6th highest per capita consumer of solar energy in the world
Abu Dhabi, UAE - The UAE ranks among the top world leaders in solar energy use, according to a recent...
- The country has developed solar mega projects, including Shams, Noor Abu Dhabi and Al Dhafra in Abu Dhabi
- Masdar, the country’s leading renewable energy company, has played a key role in these projects
China fans cheer for Syria after ‘another embarrassing defeat’
Beijing, China - Angry China fans turned on their team and applauded the visiting Syrians off the pitch after what Chinese...
- China's Serbian coach Aleksandar Jankovic blamed bad luck for the 1-0 friendly loss in Chengdu on Tuesday, which came days after they were held 1-1 by Malaysia also at home
- President Xi Jinping wants China to one day host and even win the World Cup, but they are ranked 80th in the world and confidence is rock-bottom ahead of World Cup qualifying
Business
15m electric cars will be shipped globally in 2023: report
Dubai, UAE - Nearly 15 million electric cars, including both battery electric and plug-in hybrid vehicles, are expected to be...
- Electric cars are predicted to represent a significant portion of this growth, accounting for 97% of total EV shipments in the upcoming year
- Battery electric vehicles (BEVs) are poised for substantial growth, increasing from 9 million units in 2022 to an estimated 11 million units by the end of 2023
Geostrategy
No India-Middle East trade corridor without Turkey: Erdogan
Ankara, Turkey - Turkish president Recep Tayyip Erdogan has said that India-Middle East trade corridor proposed during the G20 summit...
- Turkish president highlighted Turkey's significance as a strategic location bridging the gap between the Middle East and Europe
- Turkey already supports another proposed corridor that connects the Gulf region to Turkey and Europe through a comprehensive transportation network
Economy
UAE’s financial wealth to reach $1.3trn by 2027
Abu Dhabi, UAE - The financial wealth of United Arab Emirates (UAE) is anticipated to experience a Compound Annual Growth...
- The equities and investment funds in the UAE continue to make up the largest asset class at 58% of total personal wealth in 2022
- A sizeable portion of the UAE's financial wealth, approximately 25%, originated from UHNW individuals worth more than $100 million
Business
Saudi Venture Capital invests $5m in VentureSouq fintech fund
Riyadh, Saudi Arabia - Saudi Venture Capital (SVC) has made a $5 million investment in a fintech fund managed by...
- The company catalyzes financing for startups from the pre-Seed to pre-IPO stages
- It deploys $2 billion through investments in funds and co-investment in startups
Economy
UAE Govt to offer 2.5% payment support for pensioners
Dubai, UAE - The UAE government has announced a 2.5 percent payment support to its citizens’ pension contributions through the...
- To be eligible for this pension support, insured individuals must be between 18 and 60 years old at the time of their appointment
- To fully benefit from the program, both registered entities and insured Emiratis must ensure that monthly contributions are made promptly
Economy
Saudi SME Bank inks pact with SIDBI of India
New Delhi, India - The Small and Medium Enterprises Bank (SMEB) of Saudi Arabia has signed an agreement with the...
- The agreement encompasses various components, including the design and formulation of engineering strategy data
- It involves the transfer of knowledge pertaining to credit practices, with a particular emphasis on supporting small and medium-sized enterprises
Economy
India wants to use UAE expertise in smart cities: official
New Delhi, India - India wants to cooperate with the UAE in smart cities and technologies, President and CEO of the...
- India aims to have a digital economy worth US$1 trillion by 2026, and its internet services are already valued at US$300 billion, Abhishek Singh said
- There are many areas for cooperation between the two countries, most notably smart cities, digital traffic systems, and technology integration in healthcare, he added
Business
ENEC inks MoU with OSGE
Aim is to help in decarbonization of the Polish power sector.
- One of the aims of the agreement is exploring opportunities to invest in Small Modular Reactors.
- Nuclear energy is recognised by both the UAE and Poland as an essential clean energy resource.
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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
Israel presses ground offensive in Gaza, encircles part of Rafah city
Israel's military pressed ground operations across the Gaza Strip on Sunday, encircling part of Rafah city near Egypt almost a...
Geostrategy
Company News
Latest News
Saudi Arabia grapples with over 1 million tons of annual vegetable waste
Riyadh, Saudi Arabia - Saudi Arabia faces substantial annual losses in its agricultural sector, including 234,000 tons of tomatoes and...
Economy
Iran’s aluminum ingot output up 7% in Feb 2024
Tehran, Iran - Iran’s production of aluminum ingot in the country registered a 7% growth in the first 11th month...
Most Read
Economy
Saudi inflation rises to 1.8% in February
RIYADH, SAUDI ARABIA – Saudi Arabia’s inflation accelerated to 1.8 percent in February compared to January 2024, according to data by the General...
- The cost-of-living index for February rose to 110.64 points, according to the base year 2018, from 108.67 points in the same month a year earlier.
- Inflation is measured by the percentage change in the cost of living between the current period and the corresponding period of the previous year.
Business
Ajman records real estate transactions worth US$195m in February
AJMAN, UAE – Director-General of Ajman’s Department of Land and Real Estate Regulation Eng. Omar bin Omair Al Muhairi said...
- A total of 129 real estate valuation transactions took place in the emirate in February.
- There was a rise of 44.7 percent in commercial property value in February compared to January.
Saudi families utilize henna art to encourage kids in fasting
Arar, Saudi Arabia -- In a unique and creative initiative, families in Saudi Arabia's Northern Borders Region are using henna body...
- The practice involves drawing intricate henna patterns on the hands of young girls, often featuring symbols related to Ramadan and fasting
- These designs serve as a visual reminder for the children to refrain from eating and drinking during daylight hours