Iran warns states joining US sanctions would be deemed ‘enemies’
Tehran says Washington’s campaign could deepen nuclear insecurity, while Trump renews his claim over the Strait of Hormuz.
Geostrategy
Emarat, Dell Technologies sign AI adoption agreement
Emirates Petroleum Company P.J.S.C. (Emarat) has signed a memorandum of understanding with Dell Technologies to accelerate artificial intelligence adoption and...
Business
Business
Sharjah Social Security Fund offers service period purchase option
SHARJAH, UAE - The Sharjah Social Security Fund (SSSF) has allowed the possibility of acquiring the service period for insured...
- This move aligns with the fund's strategies aimed at enhancing the well-being of employees and providing them with opportunities to boost their pensions.
- The fund said it is allowed to procure the service period for insured employees after they have completed a minimum of 20 years of actual service.
Business
RSG gets Mostadam Diamond Certification
The accolade recognizes RSG's commitment to sustainability.
- Red Sea Global has worked closely with the Ministry of Municipal, Rural Affairs and Housing to help define the innovative Mostadam criteria.
- Together, they are creating vibrant and sustainable communities in the Kingdom, paving the way for a more sustainable housing sector.
Geostrategy
Normalization of Israeli-Saudi ties hit Palestine, security barriers
Despite Israel's strong determination and increasing US mediation efforts, the establishment of diplomatic relations between Tel Aviv-Riyadh still face serious...
- The Chinese-mediated restoration of diplomatic ties between Saudi Arabia and Iran served as a catalyst for US efforts to advance Tel Aviv-Riyadh ties.
- For Israel, the normalization of relations with Arab countries has remained an important strategic goal for years.
Business
Aldar Estates buys FAB Properties
Aldar Estates will benefit from a stable growth pipeline.
- The transaction will see Aldar Estates integrate a property management portfolio of 22,000 residential units across 600 properties.
- The platform will now comprise 157,000 residential units under management, prime retail, and commercial spaces.
Geostrategy
Keen on promoting digital payments in India, UAE, says RBI
NEW DELHI, INDIA – The Chief General Manager of the Reserve Bank of India's Department of Payment and Settlement Systems,...
- India and UAE have signed two MoUs to strengthen the use of national currencies for bilateral trade, link payment and financial messaging systems.
- The RBI official said the two countries can work together to further develop digital payments and make them more efficient and convenient.
Business
PIF to buy Hadeed, Rajhi Steel
New firm will help Kingdom’s steel-making capacity.
- The transactions are in line with PIF’s broader efforts to accelerate Saudi Arabia’s industrial development.
- Move will help in construction, automotive, utilities, renewables, transport sectors in line with Saudi Vision 2030.
Business
UAE industrial, business sectors see 4% rise in cumulative credit balance by H1 2023
ABU DHABI, UAE - Credit facilities provided by national banks to the business and industrial sectors rose by US$7.7 billion...
- Credit facilities by national banks to business, industrial sectors in UAE rose by US$7.7 billion in H1 2023.
- As per CBUAE’s figures the two sectors saw a 4 percent rise in cumulative credit balance to US$203 billion by the end of June 2023.
Business
Iran’s non-oil exports reach US$19.3bn in March to July 2023
TEHRAN, IRAN - Some 56 million tons of non-oil goods, valued at US$19.3 billion, were exported in the first five...
- Also 14.4 million tons of non-oil goods, valued at US$24.2 billion were imported into the country from March 21, 2023 to July 22, 2023.
- In this period, China, Iraq, the United Arab Emirates (UAE), Turkey and India were Iran’s main export markets respectively.
Geostrategy
Global Islamic microfinance surpasses US$60bn, says industry professional
DUBAI, UAE - The global Islamic microfinance industry has surpassed US$60 billion in value within the $3.8 trillion Islamic finance...
- Despite ongoing efforts and UN Millennium Goals, global poverty eradication remains an unfinished task.
- There is a growing recognition of Islamic microfinance as a important tool for poverty alleviation globally.
Geostrategy
Tehran exports goods worth $7.2bn to West Asia in 4 months from March 2023
TEHRAN, IRAN - Iran exported $7.2 billion worth of products to West Asian countries in the first four months of...
- Comprehensive strategic five-year plans have been defined for the West Asian countries with a focus on trade infrastructure.
- The plans include organizing and development of transportation platforms, banking exchanges, customs and standards.
Iran warns states joining US sanctions would be deemed ‘enemies’
Tehran says Washington’s campaign could deepen nuclear insecurity, while Trump renews his claim over the Strait of Hormuz.
Geostrategy
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Pentagon raises Iran war cost to $29 billion
Geostrategy
Iran closes Hormuz over Lebanon strikes as US, Iranian teams head to Switzerland
Iran's joint military command said the move was prompted by what it described as Israeli violations of the understanding reached...
Geostrategy
AD Ports launches UAE-Iraq integrated logistics service
Dubai, UAE -- AD Ports Group has launched an integrated logistics service linking the UAE's Khalifa Port with Iraq's Umm...
Business
Lebanon violence tests US-Iran accord as Israeli ministers harden rhetoric
Lebanon's Health Ministry said at least 21 people were killed and 39 wounded in overnight strikes across southern Lebanon.
Geostrategy
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Geostrategy
Middle East conflict exposes hydrogen supply risks: IEA
Dubai, UAE -- The conflict in the Middle East has disrupted production and trade in hydrogen-based products, exposing vulnerabilities in...
- Global demand exceeded 100 million tons in 2025 while low-emissions hydrogen production approached one million tons.
- Announced low-emissions hydrogen capacity expected by 2030 has fallen sharply because of project delays and cancellations.
Geostrategy
US, Iran technical negotiations face delay after Vance postpones Switzerland visit
"The logistics of these negotiations have never been simple or predictable. As of now the Vice President is not departing...
- White House says technical negotiations will begin later despite postponement of vice president's Switzerland trip for talks.
- Witkoff tells lawmakers Iran will invite international inspectors as nuclear verification efforts move into implementation stage.
Economy
Saudi Arabia rises to 13th in global competitiveness rankings
The Kingdom ranked 13th out of 70 economies assessed in the annual report, improving from 17th place a year earlier...
- The report attributed the improvement to stronger performance across all four of its pillars: economic performance, government efficiency, business efficiency and infrastructure.
- Overall, Saudi Arabia ranked among the global top 10 in 74 of the report's 262 indicators.