Gold prices hit highest levels in three months, oil falls
Oil prices fell by more than $1 a barrel on Monday as investors took profits ahead of an expected US...
Business
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
Geostrategy
UAE President attends Group of 77 and China meeting at COP28
DUBAI, UAE – At the UN Climate Change Conference (COP28) here, UAE President Sheikh Mohamed bin Zayed Al Nahyan attended...
- The UAE President expressed the country's commitment to enhancing global cooperation to achieve the ambitious goals set for COP28.
- These include accelerating the shift to a sustainable, low-carbon and economically robust model to deal with climate change.
Business
Eve Air Mobility, flynas ink MoU
The firms will explore starting eVTOL services in Saudi Arabia.
- The agreement will contribute to Saudi Arabia’s aviation industry by building the ecosystem for electric flights.
- flynas operates over 1,500 weekly flights to over 70 domestic and international destinations.
Business
There is a high risk of famine in Gaza, says UN
ROME, ITALY - The population of Gaza, especially women and children, risk famine if humanitarian food supplies do not continue, the...
- The World Food Program said that six days was "not enough to make any meaningful impact".
- The World Food Program said that six days was "not enough to make any meaningful impact"
Geostrategy
It’s official: Saudi Arabia will host World Expo 2030
The Kingdom's selection as the host for World Expo 2030 marks a pivotal moment in its journey towards innovation, openness,...
- The Kingdom's selection as the host for World Expo 2030 marks a pivotal moment in its journey towards innovation, openness, and global connectivity.
- This monumental global event in Riyadh will showcase Saudi Arabia's transformation and commitment to a forward-looking and sustainable future.
Economy
Qatar’s consumer price index rises by 1.08% in October 2023
DOHA, QATAR - The Consumer Price Index (CPI) for October 2023 reached 108.09 points, showing an increase of 1.08 percent...
- Comparing the CPI of October 2023 with October 2022, an increase has been recorded by 2.52 percent on an annual basis.
- The CPI of October 2023 recorded an increase by 1.48 percent when compared to the index of September 2023.
Gold prices hit highest levels in three months, oil falls
Oil prices fell by more than $1 a barrel on Monday as investors took profits ahead of an expected US...
Business
Company News
AD Ports Group acquires CLI
Business
Latest News
$1.59bn Makkah project awarded
Business
Iran says it will administer Hormuz as talks make progress on Lebanon security
Mediators Qatar and Pakistan announced the creation of a direct communication channel designed to reduce the risk of misunderstandings and...
Geostrategy
Bain identifies four priorities for sovereign wealth funds as assets approach $30 trillion
State-backed investors are expanding beyond traditional investment models, increasing exposure to alternatives, AI and direct deals while balancing returns with...
Economy
Iran talks: Washington, Tehran agree mechanisms for Lebanon ceasefire, Hormuz security
Qatar and Pakistan, which mediated the negotiations at a lakeside resort in Switzerland, said in a joint statement that Washington...
Geostrategy
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Business
Saudi Arabia cuts US Treasury holdings by $9.5 billion in April
Dubai, UAE -- Saudi Arabia reduced its holdings of U.S. Treasury securities by $9.5 billion in April to $140.1 billion,...
- The decline followed a sharp increase earlier this year that had lifted Saudi holdings to a six-year high of $160.4 billion in February.
- Since then, the kingdom has pared back its exposure, largely through reductions in Treasury bills and other short-dated securities.
Geostrategy
Dubai completes 30% of dedicated bus and taxi lanes expansion project
Dubai, UAE -- Dubai's Roads and Transport Authority (RTA) has completed 30% of a project to build 14.5 km of...
- The project will add 14.5 km of dedicated lanes across six major roads, lifting Dubai's total network to 20.6 km.
- RTA expects shorter travel times, improved service reliability and higher public transport ridership following completion.
Geostrategy
Vance hails ‘historic’ US-Iran talks as Trump warns Tehran over Lebanon ‘proxies’
US and Iranian negotiators opened talks in Switzerland amid renewed tensions over Lebanon, with both sides linking progress to regional...
- Trump threatens fresh strikes on Iran if Hezbollah attacks continue, raising pressure as negotiations enter a critical phase.
- Tehran says no final agreement is possible without a lasting Lebanon ceasefire and keeps Hormuz Strait closed.