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
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
Business
China’s investment rises 23% in BRI countries in Jan-July 2023
BEIJING, CHINA - Between January and July 2023, Chinese enterprises made non-financial direct investments totaling US$13.69 billion (RMB95.34 billion) in...
- This growth amounts to approximately US$13.69 billion, constituting nearly 20 percent of the overall investment in January-July 2023.
- The value of newly signed contracts amounted to US$103 billion, indicating a marginal 0.6 percent year-on-year increase.
Geostrategy
Putin discusses possibility of Iran joining BRICS in call with Raisi
Moscow, Russia - Russian President Vladimir Putin discussed Thursday, in a phone call with his Iranian counterpart Ebrahim Raisi, the...
- South Africa is scheduled to host a summit of the BRICS countries on August 23 and 24, which is expected to be attended by heads of all BRICS member states
- The two leaders also discussed ways to enhance bilateral relations between the two countries in all fields, especially in trade, transportation and logistics
Arts & Culture
Barbie film draws crowds in Saudi Arabia, generates buzz
Riyadh, Saudi Arabia - After being banned in several Arab countries, blockbuster film Barbie in Saudi Arabia is drawing huge...
- The unexpected success of the film Barbie in Saudi Arabia has become a symbol of the dramatic societal changes taking place in the conservative kingdom
- Just a mere eight years ago, the country had no movie theaters and was known for strict enforcement of gender-based segregation and dress codes
Bahrain to build walls against rising sea
But by 2050, sea levels could rise by at least 0.5 metre, according to the minister, citing the United Nations'...
- Most of Bahrain's population and major facilities are located in low-lying coastal areas less than five metres above the water
- Extreme temperatures due to accelerated climate change could make parts of the Gulf unliveable by the end of the century, experts say
Geostrategy
US concerned on hunger strike over Bahrain jail conditions
With support from a military force from neighboring Saudi Arabia, Bahrain crushed the 2011 protests which had demanded a constitutional...
- Prisoners at the Jau prison, which holds dissidents detained when authorities crushed Shiite-led protests in 2011, have been subjected to 23-hour cell confinement
- Bahrain, whose Sunni monarchy has tense relations with Shiite cleric-led Iran, is home to the US Navy's Fifth Fleet, which is at the forefront of the Gulf standoff with Tehran
Ooredoo partners with Tech Mahindra, Google Cloud
Doha, Qatar - Ooredoo Group has announced new partnerships with Tech Mahindra and Google Cloud that will see the company...
- Ooredoo's IT operations will be modernized by deploying a digital platform-based approach, which will enhance performance
- Tech Mahindra is an Indian multinational information technology services and consulting company
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
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
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
Most Read
Economy
Web Summit: 24 MoUs signed between Qatari institutions and global tech firms
Doha, Qatar - Web Summit Qatar 2024, the world's largest tech events debut in the Middle East and Africa, ended...
- The MoUs included the one between and the Web Summit whereby the former will sponsor the summit over the next four years
- Over four days, the summit hosted 15,453 attendees from 118 countries, who witnessed the tech innovations, 10 percent of which came from Qatar
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.