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
Netanyahu thanks Trump for weapons to ‘finish the job’ against Iran axis
Jerusalem, Undefined - Israeli Prime Minister Benjamin Netanyahu on Sunday thanked US President Donald Trump for sending munitions held up...
Geostrategy
Business
Mancini hired as Saudi Arabia team coach for $25m a year
Mancini's resignation from the Italy job came as a major shock, as earlier this month he had been handed responsibility...
- The Saudis, who beat eventual champions Argentina at last year's World Cup in Qatar, have been without a coach since Herve Renard left to take charge of France's women's team
- Saudi Arabia, the world's biggest crude oil exporter, has made waves this summer by buying a host of players from European clubs for teams in the Saudi Pro League
Business
Iran hopes joining BRICS likely to enhance trade and business
Tehran, Iran - Iran’s membership in the BRICS group will lead to the promotion of exports and trade activities, an...
- Logical policymaking and decisions will lead to positive achievements for the country after joining BRICS, the Iranian official Arsalan Ghasemi said.
- BRICS is a club of emerging economies that constitute a large population in the world and this opportunity should be used optimally, he added.
Geostrategy
Sheikha Fatima launches national plan for empowerment of Emirati women
ABU DHABI, UAE – Chairwoman of the General Women's Union (GWU) Sheikha Fatima bint Mubarak launched the National Strategy for...
- This strategy comes in line with Sheikha Fatima’s vision to achieve fair and comprehensive women's participation in all fields.
- The plan provides a general framework and guidance for decision makers in federal, local government institutions, private sector and civil society.
Business
Climate change to be discussed in Dubai COP28 meet, says Egypt minister
Cairo, Egypt - Egyptian Minister of International Cooperation Dr. Rania Al Mashat, said the 28th Conference of the Parties to...
- noted that international reports indicate that the countries in the Middle East and North Africa region are most vulnerable to climate change risks
- Al Mashat added that COP28 will see presentations on the most important results and joint action taken over a year within the National Platform for Green Projects
Business
Joint Jordanian-Yemeni Business Council to resume activities, says JCC
AMMAN, JORDAN - President of the Jordan Chamber of Commerce (JCC) Khalil Al-Haj Tawfiq on Saturday discussed with Director General...
- The Jordan Chamber of Commerce stressed on the importance of attracting new Yemeni investments to the Hashemite Kingdom.
- The JCC said the Kingdom offers several opportunities in multiple commercial, service and industrial sectors for investors.
Economy
Saudi Arabia’s foreign trade rises to $172bn in a year
Riyadh, Saudi Arabia - Saudi Arabia’s foreign trade soared to $172 billion last year, the Saudi Minister of Commerce and...
- The volume of non-oil exports witnessed a 40% growth between 2018 and 2022 reaching a total of $28.7 billion
- The Saudi Export-Import Bank played a vital role by providing loans amounting to $4.6 billion
Geostrategy
Saudi Arabia has diplomatic, external, and military options against Iran threat: MEI
Riyadh, Saudi Arabia - Saudi Arabia has to not only enhance its defensive capabilities but also establish effective deterrence measures...
- Diplomacy, despite its imperfections stemming from differing threat perceptions and goals between Saudi Arabia and Iran, is deemed the most viable option at present
- The option of external protection involves securing official security guarantees from a foreign ally to deter potential Iranian aggression
Economy
BRICS secures 47% global oil with Saudi Arabia, UAE, Iran inclusion
Tehran, Iran - The inclusion of Saudi Arabia, the UAE, and Iran, will significantly increase BRICS’ weight in the oil...
- Together with the existing participants, Russia and Brazil, these countries jointly command 39% of the global oil exports
- BRICS will also possess nearly half of the world's total oil reserves, amounting to 719.5 billion barrels out of 1.6 trillion
Economy
DP World to invest $510m to develop mega-container terminal in India
New Delhi. India - DP World on Friday signed a concession agreement with the Deendayal Port Authority to develop, operate...
- DP World currently operates five container terminals in India – two in Mumbai, one each in Mundra, Cochin and Chennai
- With the addition of the Tuna Tekra terminal, the company will have a combined capacity of 8.19 million TEUs
Al Yahyai is president of Regional Group 7 of International Equestrian Federation
Sharjah, UAE – Sultan Mohammed Khalifa Al Yahyai has been elected president of the Regional Group 7 of the International...
- The elections were conducted virtually today where Al Yahyai won 10 votes
- Al Yahyai said his election success demonstrates the faith the world has in the UAE
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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
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
Company News
AD Ports Group, KPT ink pact
Business
Latest News
1200 year old ebony wood poles discovered at Jeddah’s Othman bin Affan Mosque site
Jeddah, Saudi Arabia - The Jeddah Historic District Program has announced the discovery of the two ebony wood poles at ...
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...
Arts & Culture
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...
Science
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Geostrategy
BRICS to create blockchain-based payment system: Kremlin aide
Moscow, Russia – BRICS will work to create an independent payment system based on digital currencies and blockchain, Kremlin aide...
- Ushakov said that the specific task for this year is to increase the role of BRICS in the international monetary and financial system
- The BRICS group of emerging economies has welcomed 2024 by officially adding five developing nations
Geostrategy
Time to recognize the State of Palestine: Saudi foreign minister at OIC session
Jeddah, Saudi Arabia — Saudi Minister of Foreign Affairs Prince Faisal bin Farhan has emphasized the unanimous rejection of the...
- Prince Faisal was speaking at the Extraordinary Session of the Council of Foreign Ministers of the Organization of Islamic Cooperation in Jeddah on Tuesday
- The session has been convened to address the ongoing Israeli aggression against the Palestinians and to voice the OIC's opposition to the displacement of Palestine
UAE F&B sector set to soar, projected to reach $20bn in 2024
Dubai, UAE - The UAE’s foodservice market is poised to reach $19.98 billion in 2024, with further projections indicating a substantial...
- The report emphasizes the robust expansion of the F&B sector, forecasting a compound annual growth rate (CAGR) of 17.09%
- Fine dining is experiencing substantial growth with annual increases of almost 20% in Dubai and 33% in Abu Dhabi