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
Wild AI, a royal letter and big hugs – a week in Trumpworld
Washington, United States - President Donald Trump closed out a packed week at the White House after hosting a string...
Arts & Culture
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
Business
ADNOC Gas signs 5-year LNG supply pact with Japanese energy company
Abu Dhabi, UAE - ADNOC Gas, an integrated gas processing company, on Thursday announced a five-year liquefied natural gas (LNG)...
- The agreement, valued between $450 million and $550 million, builds on the long-standing bilateral relationship between the UAE and Japan
- The pact reinforces ADNOC Gas’ position as a global LNG export partner of choice and highlights the company’s growing global presence
Business
Saudi, Chinese companies, banks sign 12 pacts worth $1.33bn
Beijing, China - Saudi Arabian and Chinese companies and banks on Wednesday signed 12 agreements involving an investment exceeding $1.33...
- The two countries focused on strengthening partnerships in urban infrastructure, housing, real estate development, and financing
- Saudi Ministry of Municipal, Rural Affairs, and Housing is currently working with several Chinese companies on housing projects worth $800 million
Business
Dubai leverages AI robots in testing construction materials
Dubai, UAE - Dubai has started using robots that employ X-Rays and other latest AI technologies to carry out automated...
- The technology shortens the duration of the tests from 4 days to 8 minutes, with a record daily increase in the ratio of samples examined to 650%
- This will accelerate the process of submitting laboratory results to the consulting sector, ensuring the timely completion of the project stages according to their deadlines
Business
Chinese firms look to expand business in Ras Al Khaimah
Ras Al Khaimah, UAE - Chinese companies are seeking business opportunities in the Ras Al Khaimah Economic Zone (RAKEZ) as...
- RAKEZ currently houses more than 400 Chinese companies ranging from small to medium-sized enterprises (SMEs) as well as large industrial companies.
- This year, RAKEZ has already seen some key investments from Chinese companies, including Maxtron Show Lighting, manufacturer of computer-controlled, programmable LED light systems.
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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
Company News
Latest News
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...
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...
Economy
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...
Business
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Business
ADNOC buys 25% stake in OMV
The OMV is headquartered and listed in Vienna, Austria.
- The transaction accelerates delivery of ADNOC’s global chemicals growth strategy, and reinforces its status as a responsible, long-term partner and growth-oriented investor
- Österreichische Beteiligungs AG (ÖBAG), an Austrian independent holding company, now owns 31.5 percent, with the remaining share capital in free float
Business
QFC signs two MoUs
MoUs with BFB, Partior were inked during Web Summit 2024.
- The MoU with Bahrain FinTech Bay establishes comprehensive frameworks for cooperation in joint research projects.
- Under the MoU, each entity shall provide support, assistance and resources to start-ups from the QFC and BFB.
Business
Abu Dhabi residential sector achieves record growth in 2023, says report
ABU DHABI, UAE - Abu Dhabi’s residential sector has witnessed one of the best years on record, where a total...
- The increase in demand for residences has been driven by several positive initiatives and announcements by the government.
- Off-plan transactions accounted for approximately 84 percent of all villa and townhouse transactions.