Real estate transactions in five UAE emirates reach $65 billion in Q1
Abu Dhabi, UAE -- Real estate transactions across five emirates in the UAE surged to over AED 239 billion ($65...
Business
TOURISE 2025: Riyadh to host premier summit for sustainable tourism
Riyadh, Saudi Arabia -- Saudi Arabia's Minister of Tourism, Ahmed Al-Khateeb, has officially unveiled TOURISE, a groundbreaking global platform set...
Business
Economy
NHC signs strategic deals worth $8 billion at the opening of Real Estate Future Forum 2025
Riyadh, Saudi Arabia - The National Housing Company (NHC) has signed a series of agreements, deals, and memoranda of understanding...
- The agreements included a memorandum of understanding with the Saudi Ministry of Industry and Mineral Resources to enhance collaboration in supply chains
- In another key agreement, a memorandum of understanding was signed with King Abdulaziz City for Science and Technology (KACST)
Economy
Davos2025: 33 industrial clusters from 16 countries commit to economic growth, jobs creation and emissions cuts
The Transitioning Industrial Clusters initiative aims to improve collaboration and develop a shared vision among co-located companies and public institutions,...
- The initiative’s 33 members from 16 countries represent combined potential greenhouse gas emissions reductions comparable to the annual emissions of Saudi Arabia
- A new report highlights the critical role that industrial clusters play in accelerating the deployment of clean-energy infrastructure at scale worldwide
Trump pledges historic tax cuts, investment growth, oil price action, and Ukraine peace effort at Davos 2025
The newly inaugurated president remarked that he would “like to meet with President Putin soon” and “get the war ended,”...
- The newly inaugurated president said he would reduce the US corporate tax rate from 21% to 15%, with foreign companies manufacturing goods in the US benefiting directly
- Trump also indicated that lowering oil prices could be a key step towards ending the Ukraine-Russia war, urging Saudi Arabia and OPEC to reduce the cost of oil
Economy
WEF25: Saudi delegation calls for nations to put “greater good” first
The international community must prioritize cooperation and dialogue to overcome the challenges of a fragmented world, the Saudi delegation to...
- Saudi Arabia urges global cooperation and prioritizes private sector-led economic diversification
- Key initiatives focus on AI, sustainability, and transforming industries for future growth
Geostrategy
UNRWA: Reconstructing Gaza Strip exceeds agency’s capabilities due to severe damage
Gaza, Palestine - The United Nations Relief and Works Agency for Palestine Refugees (UNRWA), confirmed today that the reconstruction process...
- UNRWA said that the agency can contribute to rehabilitating the infrastructure in the camps and returning employees to work inside them, and operating their wells.
- The agency emphasized that locating the missing—numbering in the thousands beneath the rubble—requires meticulous planning and the expertise of specialized teams
Geostrategy
Ceasefire begins: Israel, Hamas exchange hostages and prisoners amid fragile hopes for lasting peace
The 42-day truce's first phase involves prisoner exchanges and hostage releases, but the future remains uncertain as both sides navigate...
- In Gaza, Palestinians returned to homes reduced to rubble, checked on missing relatives, and prepared to bury their dead
- Humanitarian relief efforts also resumed, with more than 600 trucks carrying essential supplies entering the battered enclave
Geostrategy
Ceasefire agreement between Israel and Hamas goes into effect, marking first steps toward peace
As the first phase of the ceasefire takes effect, the world watches to see whether this temporary reprieve will be...
- The complex deal consists of three phases, each lasting 42 days, and it will see both sides release prisoners and hostages in exchange for a temporary halt to the violence
- Netanyahu’s warning that Israel retains the right to resume fighting and Hamas’s insistence on a complete Israeli withdrawal and a lasting ceasefire make the road to lasting peace
Geostrategy
Joint Operations Room set up in Cairo to oversee Gaza ceasefire implementation
Cairo, Egypt - A joint operations room has been established in Cairo to oversee the implementation of the Gaza Strip...
- The room, comprising representatives from Egypt, Palestine, Qatar, the US, and Israel, aims to ensure collaborative efforts and consistent adherence to the agreement's provisions
- This agreement, the source noted, represents a significant step towards preventing further escalation and fostering long-term stability in the Gaza Strip
UAE leads solar energy growth with strategic projects
Abu Dhabi, UAE - A new report highlighted the UAE's leadership in the regional solar energy sector, driven by initiatives...
- The "Solar Outlook Report 2025" report outlines the rapid growth of solar energy in the Middle East and North Africa (MENA) region and the UAE’s key role in this transformation
- Solar energy's share in the regional energy mix grew significantly, with solar capacity in MENA rising 23% in 2023 to 32 GW peak, and projected to exceed 180 GW by 2030
Geostrategy
WEF’s risks report 2025: Rising geopolitical tensions, environmental threats, disinformation dominate future threats
A survey of over 900 experts reveals state-based armed conflict as the most pressing global risk for 2025, driven by...
- A late 2024 survey of over 900 global risks experts, policymakers, and industry leaders identifies state-based armed conflict as 2025's top risk
- Extreme weather events, societal polarization, and cyber-espionage also rank prominently, underscoring a landscape fraught with challenges
Real estate transactions in five UAE emirates reach $65 billion in Q1
Abu Dhabi, UAE -- Real estate transactions across five emirates in the UAE surged to over AED 239 billion ($65...
Business
Company News
‘Gentle giants’: World’s strongest men defy stereotypes
Arts & Culture
Latest News
Israel army announces ‘extensive ground operations’ in ramped-up Gaza campaign
Since a two-month ceasefire collapsed in March as Israel resumed its offensive, negotiations mediated by Qatar, Egypt and the United...
Geostrategy
‘Gentle giants’: World’s strongest men defy stereotypes
Sacramento, United States -- Eddie Williams is a schoolteacher from Monday to Friday and a wedding singer on weekends. In...
Arts & Culture
General Gulf inflation rate logs 1.7% by end of Dec 2024
Muscat, Oman -- The general inflation rate in the GCC countries rose by 1.7 percent at the end of December...
Business
Most Read
Geostrategy
Pope Leo XIV: Mild-mannered American with global view
The 69-year-old pontiff saw the challenges facing the worldwide Catholic Church up close in two decades as a missionary in...
- And he already has a keen grasp of the inner workings of the Vatican, thanks to two years in a powerful role within the Roman Curia.
- With his calls this week for peace and in railing against inequality and social injustice, Pope Leo has drawn parallels with his reforming predecessor, Pope Francis.
Business
EGA advances plans to build new US aluminum plant
Abu Dhabi, UAE -- Emirates Global Aluminum, the largest ‘premium aluminum’ producer in the world, today announced the progression of...
- The plant is expected to have a production capacity of 600 thousand tons of primary aluminum per year.
- Some 85 per cent of the aluminum needs of American industries, from automotive to aviation and construction, are currently met by imports.
Geostrategy
Dbeibah calls on armed groups to align with state
Days of clashes in the capital have pitted an armed group aligned with the Tripoli-based government against groups it has...
- The country has remained deeply divided since the 2011 NATO-backed revolt that toppled and killed longtime leader Moamer Kadhafi.
- The recent fights have killed at least eight people, said the UN, while the authorities have yet to release an official tally.