Israeli forces killed 45,553 Palestinians since Oct 2023: Health ministry
Gaza, Palestinian Territories -- The Israeli forces have killed at least 45,553 Palestinian civilians and injured at least 108,379 others,...
Geostrategy
SHUAA okays MCB tranches
The two tranches will be converted into equity at the earliest opportunity.
Business
Geostrategy
GCC makes pivotal strides in development, diplomacy
In 2023, Saudi Arabia, UAE, Qatar, Bahrain, Oman and Kuwait collectively advanced in technology and sustainable development, achieving global integration.
- In 2023, the region including Saudi Arabia, UAE, Qatar, Bahrain, Oman and Kuwait, collectively advanced in technology and sustainable development, achieving global integration.
- From Saudi Arabia's ambitious Al-Diriyah project to the UAE's leadership role in hosting COP28, each nation contributed uniquely to the region's dynamic presence on world stage.
Business
Saudi EXIM Bank ink $51bn deal with Turkish firms
Riyadh, Saudi Arabia - Saudi EXIM Bank signed line of credit agreements worth $51 million with Türkiye Finans Katılım Bankası...
- The agreement is likely to help boost trade between the two countries and facilitate the flow of Saudi non-oil exports to the Turkish markets
- The agreement with Türkiye Finans Katılım Bankası A.Ş values at $26 million, the one with Albaraka Türk Katilim Bankasi A.S. at $25 million
Arts & Culture
Desert jewel: Saudi Arabia’s oldest nature reserve Hurra Al-Hurra
Turaif, Saudi Arabia - Hurra Al-Hurra Reserve is one of the first protected areas in Saudi Arabia, located in the...
- Located in the Northern Border and Al-Jawf regions, it lies within the boundaries of the King Salman bin Abdulaziz Royal Reserve in the northwest of Saudi Arabia.
- Hurra Al-Hurra and its surrounding areas feature a diverse landscape, with depressions, watersheds, valleys and an abundance of springs scattered throughout the area.
Geostrategy
Under fire Harvard University president to stay after anti-Semitism row
CAMBRIDGE, US - Harvard University's president, under fire over testimony she gave about anti-Semitism on campus, will remain in her job...
- Claudine Gay has been facing criticism after she declined to unequivocally say whether calling for genocide of Jews violated Harvard's code of conduct.
- Over 70 lawmakers including two Democrats called for her resignation even as several high-profile Harvard alumni and donors have called for her departure.
Geostrategy
Digitalization has high environmental costs, says UNCTAD meet
DUBAI, UAE - With global attention on the COP28 climate summit, UNCTAD’s eWeek 2023 highlighted digitalization’s potential to accelerate climate...
- Data-driven technologies like the Internet of Things, robotics and artificial intelligence can enhance climate change monitoring.
- The digital transformation has left its mark on the planet through raw material depletion, energy and water use, pollution and waste.
Geostrategy
Antique stoves make a comeback in Gaza as the only way to cook during war
With a squeeze of pliers, a new wick, and a refill of homemade fuel, a flash of fire miraculously begins...
- Hundreds of thousands of civilians have fled northern Gaza due to relentless bombardment and a ground invasion by Israel, leaving their belongings behind.
- The civilians hoped to be safer in the south, but the Israeli military has progressively extended its strikes across the tiny coastal territory in its war aiming to destroy Hamas
Geostrategy
Battles continue across Gaza as UN holds vote on ceasefire
Israeli forces maintained a relentless bombardment and ground invasion across Gaza two months after Hamas's deadly attack sparked a war...
- Israel has vowed to destroy Hamas over its unprecedented attack on October 7.
- Fighters broke through Gaza's militarized border to kill around 1,200 people and seize hostages,
Geostrategy
KSA, Russia plan fertilizer JV, deepen OPEC+ ties
Russian President Vladimir Putin's visit to Riyadh underscores the deepening economic and diplomatic relations between the two countries.
- Russian President Vladimir Putin's visit to Riyadh underscores the deepening economic and diplomatic relations between the two countries.
- Putin's extended one-on-one dialogue with the Saudi Crown Prince Mohammed bin Salman covers bilateral and regional topics.
Geostrategy
Russia, UAE boost energy relations, explore new JVs
The two countries strengthen their partnership, discussing the use of Russian equipment in UAE's energy projects during Putin's significant visit...
- Russia and UAE strengthen their partnership, discussing the use of Russian equipment in UAE's energy projects during Putin's significant visit to Abu Dhabi.
- The Russian President praises the UAE's successful hosting of COP28 and the strengthening of cultural and humanitarian connections.
Geostrategy
Masdar City to construct region’s first net-zero energy mosque
Abu Dhabi, UAE - Masdar City, an Abu Dhabi, UAE-based sustainability and innovation hub dedicated to making all cities a...
- The mosque’s total energy requirements were reduced by 35 percent compared to international baselines using passive design
- Low-flow water fixtures, drought-resistant landscaping, and the use of recycled water for irrigation will reduce water use by 55 percent
Israeli forces killed 45,553 Palestinians since Oct 2023: Health ministry
Gaza, Palestinian Territories -- The Israeli forces have killed at least 45,553 Palestinian civilians and injured at least 108,379 others,...
Geostrategy
Company News
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ADQ buys stake in Plenary Group
Business
Powell indicates Fed won’t wait until inflation is down to 2% before cutting rates
Federal Reserve Chair Jerome Powell said Monday that the central bank will not wait until inflation hits 2% to cut...
Economy
ADNOC Gas awards $550m contracts
The company aims to expand UAE gas infrastructure, increase customer reach
Business
Dubai Summer Activities: A new guide to emirate’s attractions
Dubai, UAE -- A new #DubaiDestinations guide titled ‘Dubai’s Summer Activities’ invites residents and visitors to delve into an array...
Business
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Business
2024 Global Aerospace Summit: Accelerating aerospace innovation
Abu Dhabi, UAE -- Representing the aerospace, aviation, space, and defense sectors, the premier thought leadership forum will aim to...
- The two-day event will take place on 25-26 September at the St. Regis, Saadiyat Island Resort in the UAE capital – Abu Dhabi.
- The 2024 edition will center on several objectives designed to drive the industry forward and address global aerospace concerns.
Business
Al Noor Island listed among top 10 attractions in Middle East
Sharjah, UAE -- Sharjah's renowned landmark and award-winning family-friendly destination, Al Noor Island, has secured its place among the top...
- Developed and managed by the Sharjah Investment and Development Authority (Shurooq), the destination has been ranked among Sharjah's top attractions since its inception.
- This recognition marks the second consecutive year that Al Noor Island has won the title, an achievement reserved for the top 1% of the 8 million listings on TripAdvisor.
Business
Saudi records $412m venture capital funding in H1, highest in MENA
Riyadh, Saudi Arabia -- Saudi Arabia has maintained its first rank across MENA in terms of the amount of Venture...
- E-commerce/retail was the highest sector in the Kingdom in terms of VC funding, accounting for 52 percent of total funding, amounting to $215 million.
- FinTech continued to lead the Kingdom's total number of deals, capturing 14 percent of deals in the first half of 2024.