Science
UAE spacecraft to explore asteroid belt beyond Mars
The United Arab Emirates will launch a spacecraft to explore a major asteroid belt between Mars and Jupiter, officials said...
- In September 2019, the oil-rich country sent the first Emirati into space
- The UAE also has plans to send an unmanned rover to the moon by 2024
Apple’s iPhone 13 set to capture 5G potential
Apple Inc today revealed iPhone 13, Series 7 smart watch, and an iPad Mini with 5G connectivity. The iPhones will...
- iPhone 13 will have custom 5G antennas and radio components
- The Series 7 smart watch will feature a larger display and will start at $399
Saudi e-invoicing scheme to come into force in three months
Saudi Arabia’s e-invoicing project, Fatoorah, will come into force in a little under three months, according to Zakat, Tax and...
- The shadow economy costs the Kingdom up to $107 billion annually
- Under the new regulation, buyers and sellers will have a digitized system that allows the smooth exchange and processing of invoices, credit notes, and debit notes
Lebanon gets new govt amidst economic turmoil
Lebanon’s President Michel Aoun and Prime Minister-designate Najib Mikati signed Friday the decree to form the new government, bringing to...
- Prime Minister-designate Najib Mikati was the third man to take on the mantle after his predecessors Moustapha Adib and Saad Hariri failed to come to terms with the President
- Eddy Maalouf, a parliamentarian in President Michel Aoun's Free Patriotic Movement bloc told the media that the government would be formed of 24 ministers
Investigation
Police rescues Egyptian boy from kidnappers
The Egyptian boy snatched from his mother by two masked men while buying grocery has been reunited with parents, after...
- Video footage captured the terrifying moment two men snatched an eight-year-old boy from his mother’s side on an Egyptian street and bundled into a car
- his desperate mother falling to the floor as she tried to stop her son’s captors from escaping
Business
Drake & Scull net profit vaults to $21.2m in H1
Drake & Scull International (DSI) has reported a net profit of $21.2 million for the first half of 2021. The...
- As of June this year, accumulated losses amounted to 4.82 billion dirhams, compared to 4.9 billion dirhams at the end of December 2020
- The losses have been attributed to, among others, the work in progress and contract receivables in the company’s legacy projects
Egypt records 13 percent jump in food exports in first half
Arab countries topped Egypt's food export market destinations with a value of $1.090 billion or 55%, followed by the European...
Saudi Arabia to donate a million vaccine doses to Malaysia
The King has directed the country’s officials to provide Malaysia with aid after the country’s Foreign Minister requested Saudi Arabia...
$196m deposited in July into Saudi home loans fund
During the month the Real Estate Development Fund has deposited the money into accounts of Saudi citizens benefiting from the...
Aldrees to expand into Egypt, plans to set up 60 fuel stations
The company owns nearly 600 fuel stations in Saudi Arabia, and it is now looking to expand beyond the kingdom...
Company News
Latest News
Durar launches ‘MASA Residences’ in Ras Al Khaimah worth US$190.58m
RAS AL KHAIMAH -- Durar, a prominent UAE real estate developer, is set to launch MASA Residences, a luxury residential...
Business
Abu Dhabi International Airport records 29.3% jump in Q3 passenger traffic
Abu Dhabi, UAE--Abu Dhabi International Airport has posted a 29.3 percent jump in passenger traffic for the third quarter of...
Business
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Business
ADCB profit up 22 percent
The bank's operating income rose 23% to US$3.32 billion.
- The bank said that net interest income rose 8% to $865 million QoQ and 24% YoY while non-interest income of $285 million declined 7% QoQ
- Its CEO said the bank delivered strong growth in the first nine months of the year, with net loan climbing by10% i and sound growth in CASA deposits
Geostrategy
UAE hosts seventh edition of Interpol’s strategic dialogue
Abu Dhabi, UAE--The UAE's Ministry of Interior and the Gulf Police Service hosted the seventh edition of the strategic dialogue...
- The strategic dialogue held in Abu Dhabi facilitated high-level discussions aimed at harmonizing efforts in the face of global threats
- It bolsters the global response to criminal threats and ramps up coordination between Interpol and regional policy and border management organizations.
Geostrategy
Iran and Saudi ties effective in solving regional issues: Raisi
Tehran, Iran--Iran's President Ebrahim Raisi believes the expansion of ties between Tehran and Riyadh will be effective in strengthening regional...
- He made the comments during a meeting with Abdullah bin Saud Al-Anzi, the newly appointed Saudi ambassador to Iran
- The new ambassador said the relations between Saudi Arabia and Iran are very strong because of commonalities between them