Macron announces new Ukraine ‘coalition’ summit in Paris on March 27
French President Emmanuel Macron on Thursday said the leaders of a coalition of Ukraine backers would meet again in Paris...
Geostrategy
Once a crumbling relic of old Iran, brewery reborn as arts hub
Tehran, Iran - Hidden behind imposing brick walls in the heart of Tehran, a brewery that used to make Iranian...
Arts & Culture
Geostrategy
Turkiye and EU to modernize the customs union agreement
Ankara, Turkey - Turkiye and European Union (EU) on Wednesday discussed the resumption of talks to modernize the customs union...
- Turkish Trade Minister Omer Bolat said that he discussed with the European officials the resumption of talks to modernize the customs union agreement
- The two sides also discussed the green transformation and cooperation in financing, stressing the continuation of the positive agenda between both sides
Science
Lab-grown human ’embryos’ offer new research hope
The research and other recent work shows "that models of human embryos are getting more sophisticated and closer to events...
- Earlier this year, several labs around the world released pre-print studies that had not been peer-reviewed, describing their development of early human embryo-like structures
- The research was welcomed by some scientists as an "impressive" advance that could help unlock secrets about the precarious early stages of pregnancies, when failure is most common
Business
Rani R Raad is new CEO of IMI
International Media Investments owns and operates a portfolio of media outlets.
- The company said Raad "has been brought in to steer IMI and its operating assets to their next stage of development
- IMI owns and operates a portfolio of media outlets, including The National, CNN Business Arabic, Al Ain News
UAE to host faith leaders for climate crisis summit prior to COP28
Abu Dhabi, UAE - A global summit for faith leaders from around the world will take place in Abu Dhabi...
- Faith leaders representing the world’s major religions will discuss the ethical responsibilities of faith leaders in addressing the climate crisis
- The meeting will also address the collaboration between faith and science to bridge the gap between empirical evidence and spiritual teachings
Business
India tops list of new Dubai Chamber of Commerce members during H1 2023
Dubai, UAE - Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, has...
- A total of 6,717 new Indian-owned companies signed up for membership in H1 2023, compared to 4,845 in H1 2022
- In total, Indian companies accounted for 22.3% of the 30,146 new companies that joined the chamber in H1 2023
Economy
China’s digital economy surged by $4 trillion from 2016 to 2022
Tianjin, China - The digital economy in China surged by $4.1 trillion from 2016 to 2022, which works out as...
- By 2022, the scale of China's digital economy had reached an impressive $6.99 trillion, constituting a substantial 41.5% of the nation's GDP
- China has established over 1,700 digital workshops and smart factories and more than 240 industrial internet platforms
Economy
Israel suspension of Gaza exports risks ‘catastrophe’: businesses
Osama Nofal, of the Gaza economic ministry, put the value of Gaza exports to Israel and the occupied West Bank...
- Israel's army chief on Monday ordered a halt to commercial deliveries from Gaza to Israel after an alleged attempt to smuggle explosives
- The Gaza Strip has been under a crippling Israeli blockade since the Islamist group Hamas seized power in the Palestinian territory in 2007
Business
stc buys stake in Telefónica
The group invests in information, communications and technology sectors.
- The group's growth strategy has resulted in investments in the Information, Communication and Technology sectors inside Saudi Arabia and globally
- The most recent investment being the acquisition by Tawal, a subsidiary of stc Group, of United Group’s telecommunications tower assets in Bulgaria, Croatia and Slovenia
Geostrategy
Saudi, Iran exchange ambassadors after years-long rupture
Saudi Arabia's embassy in Tehran resumed operations last month. In June, Iran marked the reopening of its embassy in Riyadh...
- Two countries agreed to resume diplomatic relations and reopen their respective embassies following a China-brokered deal announced in March
- Riyadh and Tehran severed ties in 2016 after Saudi diplomatic missions in Iran were attacked during protests over Riyadh's execution of the cleric Nimr al-Nimr
Business
Iran’s IKCO to buy electric vehicles from Chinese firm Dongfeng
Tehran, Iran - The CEO of Iran’s largest car manufacturing company, IKCO (Iran Khodro Industrial Group), said that his company...
- IKCO’s CEO Alimardan Azimi said on Monday that EV imports by the company will amount to 6,000 units by March 2024.
- The announcement comes days after the unveiling of more than a dozen EV charging stations in the Iranian capital Tehran.
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
Macron announces new Ukraine ‘coalition’ summit in Paris on March 27
French President Emmanuel Macron on Thursday said the leaders of a coalition of Ukraine backers would meet again in Paris...
Geostrategy
Company News
ESG 2023 net profit at US$187m
Business
Latest News
Over 70% report revenue surge in UAE from digital payments, Visa finds
Dubai, UAE - More than 70% of surveyed retailers in the UAE have experienced increased revenue and higher customer footfall since...
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...
Business
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...
Geostrategy
Most Read
Economy
$2bn earmarked for Saudi real estate by Muslim global HWNIs
Riyadh, Saudi Arabia - Muslim global high net worth individuals (HNWI) are prepared to spend US$ 1.96 billion on real...
- Makkah (30%) has emerged as the top wish list city by Muslim HNWI for real estate purchases in Saudi, while Riyadh (25%) ranks second
- Prices in Makkah have risen by an average of 5.5% over the last 3 years, compared to 5% in Madinah over the same period
Business
Jafza reports 28% year-on-year growth in 2023 of new Indian companies
DUBAI, UAE – Jebel Ali Free Zone (Jafza) is a major contributor to the growing trade between India and the...
- Over 190 new Indian businesses and a total of more than 1,500 Indian companies have set up business in Jafza.
- This move aims to assist Indian businesses in accessing markets across the Middle East, Africa, and Europe.
Business
UAE’s e-commerce sector projected to earn $9bn revenue in 2024
Dubai, UAE - The UAE's online shopping market is gearing up for unprecedented growth, with revenue projections hitting $9 billion...
- One of the key drivers of this expansion is the emerging trend of "metaverse e-commerce," a segment anticipated to experience a 37% growth from 2024 to 2030
- The top performers in 2023 were Toys, DIY, and hobbies, leading with 29% market share, closely followed by fashion at 27%