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
Trump orders pause to Ukraine aid: White House official
President Donald Trump suspended military aid to Ukraine on Monday, a US official told AFP, sharply escalating pressure on Kyiv...
Geostrategy
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.
Business
ADIB enhances mobile app for international money transfers
Abu Dhabi, UAE - Abu Dhabi Islamic Bank (ADIB) has introduced enhanced international transfer features on its mobile app and...
- As the first bank in the UAE to offer discounts on remittance payments using Promo Codes, ADIB aims to transform the app into a one-stop solution for any remittance
- Around 95% of the bank’s remittances occur through digital channels, with most of those transfers directed to the Americas, Europe, the Middle East, and Asia
Business
Google’s Russian division faces bankruptcy as debt to creditors soars: TASS
Moscow, Russia - Google's Russian subsidiary is on the brink of bankruptcy as it struggles to cope with its mounting...
- The subsidiary's financial liabilities have now surpassed a staggering $211,579,032
- The company’s ordeal dates back to May 2022 when it declared its intention to file for bankruptcy
Economy
Iraq to harness Associated Petroleum Gas to generate electricity
Baghdad, Iraq - The Iraqi government has launched a project to harness the Associated Petroleum Gas (APG) from the Bin...
- The project's principal advisor Mounir Bouaziz said that the field's production capacity is scheduled to range from 400,000 to 500,000 barrels of light oil per day
- Once completed, the project will eliminate the need for import of a significant portion of gas while also meeting the requirements for operating electric power plants
Business
Barclay family seeks Telegraph control with UAE investor support: report
Dubai, UAE - The Barclay family is reportedly making a bid to regain control of the Telegraph newspaper group. Months...
- The Telegraph's parent companies faced financial turmoil and went into receivership earlier this year
- This situation presented a rare opportunity for investors to step in and acquire one of Britain's most prominent newspaper groups
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
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
Company News
QatarEnergy, Mitsui ink pact
Business
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AD Ports Group, KPT ink pact
Business
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...
Geostrategy
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...
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...
Business
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Arts & Culture
Alicia Keys to perform at Saudi Arabian Grand Prix 2024 on March 9
Jeddah, Saudi Arabia - Jeddah is poised to host Alicia Keys, the legendary musician, singer, and multiple Grammy-award winner, at...
- Keys will be gracing Jeddah for the first time, marking her third appearance in Saudi Arabia
- Keys will be gracing Jeddah for the first time, marking her third appearance in Saudi Arabia
Science
Saudi Arabia unveils its man shaped AI robot Mohammad
Riyadh, Saudi Arabia - Saudi Arabia unveiled its first male humanoid robot ‘Muhammad’ during the second edition of DeepFast in...
- A 7-second video of the robot is now viral. In it, the reporter Rawya Kassem, is seen talking about the robot
- Addressing the audience in flawless Arabic, the robot emphasized his role as a national project showcasing Saudi achievements in AI
Science
UAE astronauts AlMatrooshi and AlMulla graduate in space program at NASA
Dubai, UAE - The Mohammed Bin Rashid Space Centre (MBRSC) on Tuesday announced the graduation of Emirati astronauts Nora AlMatrooshi...
- The milestone marks the culmination of over two years of extensive training, which began in January 2022
- Prior to joining the NASA training program, AlMatrooshi and AlMulla underwent extensive in-house training at MBRSC