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
There are no frozen assets abroad, says Iranian President
TEHRAN, IRAN – Iran President Ebrahim Raisi on Tuesday said that the country’s money is only blocked in South Korea...
- Iran has forged strong relations with Islamic and other like-minded countries.
- The country is keen on membership in regional and extra-regional alliances.
Business
Ryanair inks pact with Joramco
The airline is likely to carry 300m passengers a year by 2034.
- Ryanair will now utilize six heavy maintenance lines at the new facility in Amman- Jordan where Joramco is set to conduct 41 checks
- The 110,000sq meter facility will facilitate the heavy maintenance of Ryanair’s aircraft as the airline grows its fleet to 800 aircraft.
Business
DP World, Evyap Group ink pact
The partnership aims at enhancing trade infrastructure.
- Following the completion of the transaction, the firm DP World will own 58 percent of Evyap Port.
- Evyap Group will own 42 percent of DP World Yarimca, the entity will be named DP World Evyap Port.
China, Arab nations establish centre to solve desertification, land degradation
Beijing, China - China and Arab nations have agreed to establish China-Arab International Research Centre for Drought, Desertification, and Land...
- China is one of the leading countries in desertification control and the country also has technologies that can be exemplars for Mongolia and the rest of the world
- Government representatives in attendance at the meeting signed the MoU on building the centre and launched the first batch of collaborative projects
Geostrategy
Erdogan may meet Putin before UNGA kicks off: TASS
Ankara, Turkey - Turkish President Recep Tayyip Erdogan is expected to talk to Russian President Vladimir Putin in September, ahead...
- The primary objective of the two leaders is to find potential pathways toward achieving resolution to the conflict in Ukraine
- They are also set to deliberate on various aspects of the original grain agreement and explore potential alternative options
Geostrategy
India and Iran reach agreement on Chabahar Port development
Tehran, Iran - India and Iran have reportedly reached an agreement on the legal terms for the development of the...
- The strategic Chabahar Port has been a focal point of cooperation between India and Iran for several years
- The two countries have been working on a comprehensive agreement that would grant India the rights to develop the Shahid Beheshti Terminal
Business
UAE’s PureHealth acquires UK’s largest private healthcare group for $1.19bn
Dubai, Riyadh - PureHealth, the largest healthcare group in the Middle East, has entered into an agreement to acquire Circle...
- The acquisition aligns with their broader expansion strategy, which encompasses acquisitions in the US and other international markets
- Circle Health Group, with over 50 hospitals spread across the UK, is known for its extensive network of private healthcare facilities
Arts & Culture
NEOM to set up education, research and innovation center
TABUK, SAUDI ARABIA – NEOM has announced plans to establish a world-class education, research and innovation (ERI) center, following last...
- NEOM’s ERI center will enable access to a world-class education, research and innovation ecosystem at any stage of the life of a learner.
- The curricula deployed across NEOM’s ERI pillars will prepare a digitally fluent workforce, equipping students with real-life skill sets.
Business
Expo Center Sharjah to host 63% more events in last quarter
Sharjah, UAE - Expo Centre Sharjah said it will host 63 percent more events in the last quarter of 2023,...
- The Center will host 18 economic, trade, and cultural exhibitions, while during the same period last year, it hosted 11 such events.
- The events are scheduled to take place not only at the Expo Centre Sharjah but also at its affiliated centers located in Khorfakkan and Al Dhaid.
Business
NIDC drills 195 oil wells in 2 years
Wells were drilled in onshore, offshore operations.
- The oil and gas wells were put into operation by affiliated companies of the National Iranian Oil Company.
- 13 wells were completed 201 days sooner than expected due to round-the-clock efforts of NIDC’s employees.
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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 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
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QatarEnergy, Mitsui ink pact
Business
Non-Jordanian investors own 47% of ASE market value as of February 2024
AMMAN, JORDAN – Data released by the Amman Stock Exchange reveals that non-Jordanian investors bought shares worth US$12.5 million (JD8.9...
Market Report
Doha Bank bond issue oversubscribed four times
Doha, Qatar - Doha Bank has successfully issued $500 million in international bonds, garnering a total order book of $2...
Business
UAE elected Vice Chair of UNESCO’s committee for promotion of cultural diversity
Abu Dhabi, UAE - The UAE has been elected the Vice Chair of the UNESCO's Intergovernmental Committee (IGC) for the...
Arts & Culture
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Geostrategy
Dubai’s assets in endowment sector reaches US$2.8bn
DUBAI, UAE – Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum said that under the guidance of Vice...
- Dubai witnessed an 18 percent increase in endowment assets compared to the previous year.
- The Crown Prince was briefed on key developments in the field of endowment work in Dubai.
Business
ADCB approves cash dividends worth US$1.1bn
ABU DHABI, UAE – Abu Dhabi Commercial Bank (ADCB) has approved the Board of Directors proposal to distribute a cash...
- ADCB’s physical-cum-virtual 40th Annual General Assembly meeting approved the decision.
- The Board of Director’s proposal means distributing cash dividend of $0.15 (AED0.56) per share.
Business
Fraud and volatility fears persist as bitcoin barrels on
Specialized companies such as Grayscale and Wall Street giants such as asset manager BlackRock are among those investing in the...
- On Tuesday, bitcoin - the most widely used cryptocurrency - reached its all-time high, topping $69,191, surpassing its previous high set in November 2021
- The launch of a new investment vehicle - bitcoin-indexed exchange traded funds (ETFs) in the US last January - has further spurred prices.