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
Putin has upper hand in Trump talks on elusive Ukraine peace: analysts
Paris, France - Vladimir Putin scored a coup by discussing with Donald Trump in highly anticipated phone talks everything from improving...
Geostrategy
Geostrategy
Saudi Nazaha, Interpol discuss ways to enhance cooperation
LYON, FRANCE - President of Saudi Arabia’s Oversight and Anti-Corruption Authority ‘Nazaha’ Mazin bin Ibrahim Al-Kahmous on Friday visited the...
- The two sides discussed cooperation between Nazaha and Interpol in the field of combating corruption and cross-border crimes.
- The discussions touched on recovering funds and assets related to corruption and pursuing fugitives in such cases.
Business
UK’s Zencargo ventures into UAE, eyes MENA expansion
Abu Dhabi, UAE - The UAE Ministry of Economy has announced that Zencargo, a UK-based company with expertise in digital...
- The company plans to establish operations in the Emirates with a view to integrating into the UAE’s technology, trade and logistics ecosystem
- Zencargo’s presence in the UAE follows the UAE’s Trade Tech initiative, which was launched in partnership with the World Economic Forum
Economy
UAE vows full backing for GCC economic integration by 2025
Dubai, UAE - The United Arab Emirates (UAE) has reaffirmed its commitment to advancing the economic integration of the Gulf...
- The UAE Minister of Economy Abdulla bin Touq Al Marri, Minister Bin Touq called for developing the mechanisms of economic integration within the GCC
- The UAE urged finalization of the customs union, the establishment of a common GCC market, and the utilization of AI to bolster developmental endeavors
Geostrategy
US, Saudi, India, UAE eye railway accord at G20 summit: report
New Delhi, India - President Biden, along with the leaders of India, Saudi Arabia, and the United Arab Emirates (UAE),...
- The initiative aims to establish a comprehensive railway network connecting the Gulf and Arab nations while also facilitating connections to India
- The primary objective of this project is to strengthen the US presence and influence in the Middle East, especially as China's role in the region grows
Economy
Gig economy accounts for up to 12% of the global labor market: WB
Washington, US – The ‘gig economy’ accounts for up to 12 percent of the global labor market—much higher than previously...
- While developed countries currently dominate the demand for gig workers, the demand in developing countries is growing at a much faster rate
- Almost 60 percent of firms surveyed in poorer countries reported increased outsourcing to gig workers. In wealthier countries, less than half said the same
Business
Qatar real estate trading crosses $143m in August 27-31 2023
DOHA, QATAR - The volume of real estate trading in non-residential sales contracts at the Department of Real Estate Registration...
- The total sales contracts for residential units in the Real Estate Bulletin during August 27-31 reached US$75 million.
- The real estate trading in sales contracts in the non-residential category during August 27-31 reached US$ 68 million.
Geostrategy
Saudi crown prince says ready for economic partnership with BRICS
DUBAI, UAE – Saudi Arabian Crown Prince Mohammed bin Salman in a telephonic conversation with Russian President Vladimir Putin has...
- The Russian president and the Saudi crown prince discussed the outlook for BRICS expansion.
- The two leaders reviewed cooperation between the two countries within the OPEC+ agreement framework.
Business
Masdar, Africa50 sign MoU
The aim is to speed up clean energy transition in Africa.
- Masdar brings its technical expertise and extensive experience in emerging markets and will work with Africa50 to bridge the infrastructure funding gap.
- Africa50 brings its skill in developing projects in the continent and which, combined with Masdar, can help unlock clean energy potential.
Economy
$341bn in non-oil trade between UAE, G20 countries: UAE Minister
New Delhi, India - The non-oil trade between the UAE and G20 countries in 2022 hit $341 billion, which is...
- G20 countries are the UAE's largest trading partners, accounting for 43% of its non-oil exports, 39% of e-exports, and 67% of imports, the minister said
- He noted that the UAE's non-oil trade with the G20 countries grew significantly in 2022, up 56% from 2020 and 34% from 2019
Gulf countries witness alarming increase in early-onset cancer cases
A recent study in BMJ Oncology 2023 has highlighted an alarming increase in early onset of cancer cases in the...
- UAE, Qatar, and Saudi Arabia see significant rise in early-onset cancer cases from 1990 to 2019
- The cases in UAE record an increase of 1127.6%, Qatar sees 1089.5% rise and Saudi Arabia 896%
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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 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
Company News
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ESG 2023 net profit at US$187m
Business
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...
MENA region could gain $385bn from women reentering workforce: survey
Doha, Qatar - The women returning to the workforce following a career break have the potential to contribute nearly US$385bn...
Economy
Global child deaths reach historic low in 2022: UN report
Geneva, Switzerland – The number of children who died before their fifth birthday has reached a historic low, dropping to...
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Business
Parkin to give more shares to retail investors in its IPO
Dubai, UAE - Parkin Company on Tuesday announced an increase in the number of shares offered in the UAE Retail...
- The UAE Retail Offer has been increased to 89,964,000 ordinary shares from 74,970,000 ordinary shares
- Parkin is expected to commence trading on the DFM on March 21, 2024, under the symbol “PARKIN”
Geostrategy
Israeli forces kill Jordanian in West Bank, says Palestinian ministry
A Jordanian citizen has died after being shot by Israeli forces in the West Bank, Palestinian authorities said, with the...
- The Israeli military said Hussein was suspected of being an accomplice of a Palestinian fighter Muhammad Jabar.
- Jabar was preparing to carry out a suicide attack in Israel, according to the military.
Economy
Baghdad, Tehran in talks to import gas from Turkmenistan
Tehran, Iran - Baghdad and Tehran are currently engaged in negotiations to facilitate the import of gas from Turkmenistan, with...
- The pact provides for supplying Iraq with 51 million M3 per day, Iraqi minister of electricity Luay Al-Khatteeb said
- He further noted that the Iraqi Ministry of Electricity has fulfilled all gas-related payments to Iran