Israel deepens Gaza offensive, shuts key routes, and orders evacuations amid heavy civilian casualties
US President Donald Trump "fully supports" Israel's renewed Gaza operations, White House Press Secretary Karoline Leavitt told reporters when asked...
Geostrategy
Hamas sees ‘positive’ signs for ceasefire talks as Israel cuts Gaza electricity, blocks aid flow
In a statement, Netanyahu's office said that Israel had accepted an invitation from US-backed mediators and would "send a delegation...
Geostrategy
Geostrategy
Xi’s G20 no-show hints at China’s shifting diplomatic priorities
Beijing, China - President Xi Jinping's unexplained decision to snub the G20 summit underlines Beijing's frayed ties with other major powers...
- Beijing's foreign ministry said Monday that Premier Li Qiang would join the leaders of the world's biggest economies in New Delhi this weekend, effectively confirming Xi's absence
- No reason was given why Xi will not attend the summit, which he has not skipped since coming to power, except Rome in 2021 when he participated by video link owing to pandemic
Israel’s sports team makes landmark visit to Saudi Arabia
Riyadh, Saudi Arabia - An Israeli sports delegation arrived in Saudi Arabia on Monday to participate in the World Weightlifting...
- Three Israeli weightlifters are set to compete in different weight classes during the World Weightlifting Championships
- Israeli athletes are expected to participate in a competition in Qatar in December, even though neither Saudi Arabia nor Qatar maintains diplomatic ties
Arts & Culture
Saudi Arabia to register 50,000 urban heritage assets
Riyadh, Saudi Arabia -- The Saudi Heritage Commission announced on Monday the nomination of 50,000 urban heritage assets across the...
- The Architectural Heritage Register serves as the record of heritage sites that have been registered based on specific criteria related to national, or cultural significance
- The registration process involves the use of a geospatial information system to accurately manage, store, and preserve information about these sites and structures
Economy
Saudi Arabia to invest $25bn over next five years: Pakistan interim PM
Islamabad, Pakistan - Pakistan's caretaker Prime Minister, Anwaar-ul-Haq Kakar, announced on Monday that Saudi Arabia plans to invest up to...
- The investment is part of a concerted effort to boost foreign direct investment in the South Asian nation
- Pakistan is believed to possess untapped mineral deposits conservatively valued at around $6 trillion
Economy
BRICS’ share in global GDP to rise to 30% from January 2024: Indian bank
New Delhi, India - The share of the BRICS (Brazil, Russia, India, China, South Africa) group in the global Gross...
- Currently, China is the largest contributor to the aggregate GDP of BRICS, with a staggering 70% share, followed by India at 13%, Russia at 8%, Brazil at 7%, and South Africa at 2%
- One of the most significant impacts of the new members joining BRICS will be on global oil production, which is expected to increase from 18% to 40%
Business
UAE creates federal authority for gaming, casino giants flock to country
Dubai, UAE - The United Arab Emirates (UAE) has established a federal entity responsible for regulating gaming activities within the...
- Ras Al Khaimah, one of the UAE's seven emirates, is planning to open a Wynn Resort valued at around $3.9 billion, which will include a casino
- The decision to allow gambling comes amid heightened economic competition in the Gulf, particularly with neighboring Saudi Arabia
Economy
Turkey’s inflation nears 60%, piling pressure on new team
campaign pledges and a massive reconstruction effort launched after a major earthquake claimed more than 50,000 lives in Turkey's southeast....
- The state statistic agency said prices rose by 58.9 percent over 12 months ending in August compared to 47.8 percent in July
- The latests data will test the limits of how much leeway Erdogan's new market-friendly team has to raise borrowing costs
Economy
Middle East needs ‘New Deal’ to deliver for its 600 million people: IMF officials
Dubai, UAE - Middle East needs a ‘New Deal’ to deliver for its 600 million people more jobs, better education,...
- MENA countries are urged to move away from state-dominated economic activities, particularly those with high debt burdens and youth unemployment rates
- Governments are advised to improve digital infrastructure, enhance digital literacy, and develop workforce skills to promote digital adoption
Business
Italy’s Eni plans to invest $7.7 bn in Egypt
Cairo, Egypt - Italian energy giant Eni has revealed plans to invest $7.7 billion in Egypt's energy sector over the...
- The company in collaboration with its partners, intends to channel these investments into various projects within the country
- Eni is an integrated energy company that has presence in 69 countries around the world, including Algeria, Angola, Mexico, Indonesia and Italy
Science
Research finds link in the brain to explain obesity
Washington, US - A new scientific research has identified the link between memory and appetite in the human brain to...
- The research shows that individuals with obesity have poor connections between the dorsolateral hippocampus (dlHPC) and the lateral hypothalamus (LH)
- The dlHPC is located in the 'memory process' region of the brain, and the LH is in the region of the brain called 'homeostasis'
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
Israel deepens Gaza offensive, shuts key routes, and orders evacuations amid heavy civilian casualties
US President Donald Trump "fully supports" Israel's renewed Gaza operations, White House Press Secretary Karoline Leavitt told reporters when asked...
Geostrategy
Company News
Latest News
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...
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...
Economy
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...
Business
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Economy
Residential demand buoyed Qatar’s property sector in 2023
Doha, Qatar - Residential demand continued to buoy the country's property sector in Q4 2023, hapondo, a homegrown property portal,...
- The report pointed out that despite a decrease in real estate transaction volume to $4.6 billion from $5.82 billion, apartments remained popular for investment
- Key residential highlights included the Marina District in Lusail, while The Pearl remained the most sought-after location for apartment seekers
Business
China Eastern Airlines to operate three weekly fights between Shanghai and Riyadh
Riyadh, Saudi Arabia - The Saudi Air Connectivity Program (ACP) and China Eastern Airlines have entered into a strategic partnership...
- The new route is set to operate with an A330-200 aircraft, offering an annual capacity of 35,880 inbound seats
- Both parties anticipate increased trade, people-to-people exchanges, and dialogues across various sectors through this 'Air Silk Road' initiative
Economy
Iran agricultural, food exports hit US$5.5bn in 11 months
TEHRAN, IRAN – The Ministry of Industry, Mine, and Trade said that Iran exported fisheries, livestock, agricultural and food products...
- Iraq was the biggest importer of Iranian agricultural and food products worth US$1.7 billion.
- The UAE was the second largest importer of Iranian agricultural and food products worth $675 million