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
Business
Among the airlines, SAUDIA Airlines had the fewest complaints in July
Riyadh, Saudi Arabia – A total of 1,873 complaints were filed by travelers against air carriers in Saudi Arabia last...
- The GACA has released its monthly classification index for air transport service providers, based on the number of complaints filed by travelers to GACA during July 2023
- Flynas followed with 29 complaints per 100,000 travelers and a resolution rate of 98 percent, while Flyadeal had 167 complaints per 100,000 travelers
Business
SRMG Ventures invests $5m in Anghami, MENA’s music streaming platform
Riyadh, Saudi Arabia - SRMG Ventures, the venture capital arm of the largest integrated media group in the MENA region,...
- The music and audio sector in the MENA region is projected to reach $700 million by 2026
- Anghami boasts 120 million registered users, up from its 75 million users in 2021
Geostrategy
Algeria party leader criticises UAE’s regional role
Algiers, Algeria - Abdelkader Bengrina, the leader of Algeria's National Construction Movement and a member of the government coalition, has...
- Bengrina accused the UAE of focusing its regional role on promoting the normalization of ties with Israel and influencing other Arab nations through financial means
- He alleged that the UAE's actions, driven by financial incentives, have led to discord and turmoil in several countries, including Morocco, Niger, Mali, Libya, and Tunisia
Geostrategy
India keen to finalize Chabahar port development pact with Iran
Tehran, Iran - Indian prime minister Narendra Modi has expressed his eagerness to expedite the completion of the port at...
- President Raisi underlined the importance of strengthening ties with India, particularly in domains such as transit, energy, and regional security
- He advocated for enhanced cooperation in transportation, including the North-South Corridor, and urged the swift activation of Chabahar Port facilities
Geostrategy
Syria’s economic challenges persist despite Arab League return: MEI
Damascus, Syria - Syria's reentry into the Arab League in May was anticipated to herald positive changes for the country's...
- The Syrian pound's value has plummeted by over 80% against the dollar since May, currently resting at an all-time low of 15,500 to the dollar
- The instability of the Syrian pound and the lack of investor confidence have raised concerns about the country's economic viability
Economy
Saudi Arabia issues tax warning to businesses: Pay up or face hefty fines
Riyadh, Saudi Arabia - Saudi authorities have issued a clear warning to businesses operating within the country: settle your outstanding...
- The warning specifically targets businesses in the commercial sector that fall under the purview of value-added tax
- VAT serves as one of Saudi Arabia’s prevailing tax systems and functions as an indirect tax levied on the purchase and sale of goods and services
Science
Saudi Arabian Crown Prince launches KAUST’s new strategy
RIYADH, SAUDI ARABIA - Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud, Prime Minister and Chairman of KAUST Board...
- Strategy aims to transform research into economically productive innovations by focusing on national priorities for research, development and innovation.
- It aims to strengthen KAUST’s partnerships with both the public and private sectors, which will contribute to achieving the objectives of Vision 2030.
Geostrategy
UAE takes part in G20 joint health-finance ministers meeting
GANDHINAGAR, INDIA - Minister of State for Financial Affairs Mohamed bin Hadi Al Hussaini and Assistant Minister of Foreign Affairs...
- The meeting discussed the progress made by the Joint Finance and Health Task Force (JFHTF) this year.
- The UAE participated in the three meetings that the Task Force held this year under the G20 Finance Track.
Geostrategy
WHO launches global initiative on digital health supported by G20 Presidency
GANDHINAGAR, INDIA - The World Health Organization (WHO) and the G20 India presidency announced a new Global Initiative on Digital...
- WHO serves as the secretariat for strategy implementation to fast-track digital health system transformation.
- The new Global Initiative on Digital Health is one of the key deliverables of India’s G20 Presidency.
Geostrategy
Over 113 Emirati projects in Ethiopia, trade exceeds $6bn, says UAE envoy
ADDIS ABABA, ETHIOPIA - UAE Ambassador to the Federal Democratic Republic of Ethiopia Mohammed Salem Al Rashidi said that the...
- Masdar signed a joint development agreement with the Ethiopian government in January 2023 in Abu Dhabi to develop two solar power plants.
- Ethiopia is a key investment partner for the UAE in East Africa, as it has a large and emerging consumer market of over 100 million people.
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
Latest News
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...
Geostrategy
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...
Saudi Arabia takes the lead in global road connectivity rankings: minister
Riyadh, Saudi Arabia - Saudi Arabia has earned the distinction of being the world's most connected country in terms of...
Economy
Most Read
Business
Dubai International Boat Show helps in marine business
DUBAI, UAE – Dubai International Boat Show has wrapped up following a hugely successful week of high-value boat sales, important...
- The exhibition is recognized as one of the most influential boat shows in the world.
- The exhibition has wrapped up following a hugely successful week of boat sales.
Business
Middle East emerges as a major player in global CEO appointments: report
Dubai, UAE - The Middle East has emerged as a prominent player in global CEO appointments, securing 68 out of a...
- Companies in the region boasting the highest global percentage of CEOs with prior C-suite experience, standing at an impressive 90 percent
- Surprisingly, the Middle East also leads globally in terms of CEO age, boasting the youngest average CEO age at 54.5 years
Business
89% of Saudi CEOs hopeful of kingdom’s economic growth over next 12 months
Riyadh, Saudi Arabia - About 89% of CEOs in Saudi Arabia are optimistic about the country's economic growth over the...
- A remarkable 71% of Saudi CEOs have observed a 5% or more increase in market share over the past three years, surpassing the global average of 49%
- The Vision 2030 initiative, with its focus on reducing oil dependency, has propelled Saudi Arabia to the 17th largest global economy by GDP size in 2022