Arab leaders meet to hash out Gaza plan as Hamas urges against displacement under Trump plan
A draft version of the Egyptian plan seen by AFP lays out a five-year roadmap with a price tag of...
Geostrategy
Israel endorses plan to extend Gaza truce as first phase draws to close, Hamas wants permanent peace
The first phase of a ceasefire deal between Israel and Palestinian militant group Hamas was set to expire over the...
Geostrategy
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.
Economy
Unrelenting demand propels Dubai home prices up by 17% in 12 months
Dubai, UAE - Dubai's real estate market continues its upward trajectory, with house prices rising by 4.8% in Q2 2023,...
- Villa prices have experienced stronger growth, increasing by 51% over the same period, with an average price of AED 1,520 per square foot
- Prime neighborhoods like Jumeirah Bay Island, Emirates Hills, and Palm Jumeirah have seen extraordinary growth, with villa prices up by 125% since January 2020
Geostrategy
BBC, Guardian journos among 54 UK citizens in Russia’s stop-list
Moscow, Russia - Moscow has expanded its stop-list as a retaliatory measure barring 54 UK citizens from entering Russia, the...
- The list now includes Lucy Frazer, UK secretary of state for digital, culture, media and sport, "who is promoting Russia’s international sports isolation."
- Other UK nationals on the list include journalists from the BBC, Guardian Media Group, the Daily Telegraph, as well as Karim Khan, prosecutor with the ICC
Geostrategy
India and Saudi Arabia discuss visit of Crown Prince to India
Riyadh, Saudi Arabia - India and Saudi Arabia are in discussions regarding a state visit by Crown Prince Mohammed bin...
- The discussions are said to be centered around the Crown Prince's visit after the G20 summit on September 9-10 which he would also be attending
- Saudi Arabia is a major supplier of oil to India, and the two countries have been working to develop renewable energy projects together
Economy
Saudi Arabia and India sign agreement on digital economy
Riyadh, Saudi Arabia - Saudi Arabia and India signed on Friday an agreement on digitization and electronic manufacturing. The agreement...
- The agreement seeks to enhance Saudi-Indian cooperation in the fields of digital infrastructure, e-health, and e-learning
- It also aims at building robust strategic partnerships that promote innovation and the growth of the digital economy
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
Arab leaders meet to hash out Gaza plan as Hamas urges against displacement under Trump plan
A draft version of the Egyptian plan seen by AFP lays out a five-year roadmap with a price tag of...
Geostrategy
Company News
Latest News
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...
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...
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...
Business
Most Read
Economy
Unit 4 of UAE’s Barakah Nuclear Energy Plant commissioned
Abu Dhabi, UAE - The Emirates Nuclear Energy Corporation (ENEC) on Friday announced that its operating and maintenance subsidiary, Nawah...
- The reactor has begun initial production of heat through nuclear fission, used for generating electricity by turning a turbine with steam
- In the coming weeks, Unit 4 will link to the national electricity grid, entering a testing phase to gradually increase its power output to full capacity
Business
Gold hovers near a month high on slowing US inflation
ABU DHABI, UAE- Gold prices hovered near a month high on Friday after data suggested easing US price pressures, while...
- Gold rose after data suggested easing US price pressures.
- Traders awaited remarks from US Federal Reserve officials.
UAE real estate sector transforms with cross-border payments revolution
Dubai, UAE - Leading financial institutions are spearheading a transformative wave in the UAE real estate sector through the introduction...
- The initiative is poised to enhance accessibility and efficiency for global investors seeking to engage in property investment within the UAE
- Traditionally, the investing in UAE real estate from overseas has been encumbered by complexities associated with cross-border transactions