Iran calls new US sanctions ‘declaration of war’ against all countries
US president Donald Trump, meanwhile, says he views the Strait of Hormuz as 'an American territory' and Iran 'cannot be...
Geostrategy
Etihad Airways becomes first airline to accept Jaywan payments
Etihad Airways has become the first airline to accept Jaywan, the UAE’s national domestic card scheme, for flight bookings on...
Business
Economy
Jordan oil bill falls in H1 2023 compared to H1 2022, says government
AMMAN, JORDAN - The value of the Kingdom's oil bill decreased during the first half of 2023 by 15.6 percent,...
- The value of Jordan’s imports of crude oil, its derivatives and mineral oils went down in the first half of 2023, to reach about JD1.531 billion.
- In the first half of 2022, the value of imports of crude oil, its derivatives and mineral oils was about JD1.813 billion.
Geostrategy
Russian foreign minister to lead delegation at UN General Assembly
MOSCOW, RUSSIA - Russian President Vladimir Putin has approved the composition of the country’s delegation to the 78th session of...
- In recent years, Russia’s delegation to the UN General Assembly has been headed by Foreign Minister Sergey Lavrov.
- The 78th session of the United Nations General Assembly will begin in New York on September 19.
Business
ACWA Power is preferred bidder for DEWA’s Hassyan Seawater Reverse Osmosis plant
DUBAI, UAE - MD and CEO of Dubai Electricity and Water Authority (DEWA) Saeed Mohammed Al Tayer said on Wednesday...
- This project is the largest of its kind in the world for water production based on Sea Water Reverse Osmosis technology using solar energy.
- The water desalination capacity in Dubai is currently 490 MIGD and this capacity will increase to 670 MIGD in 2026 with the completion of this project.
Business
4.4m travel by SAR in H1 2023
Train trips in H1 2023 rose 46 percent compared to H1 2022.
- The volume of minerals and goods transported over SAR networks during the second quarter of the year exceeded 6.34 million tons.
- The total volume of goods transported by SAR H1 2023 rose to over 12 million tons, a 13 percent increase compared to the previous year.
Ceer and Siemens deal to boost EV in Saudi Arabia
Riyadh-based Ceer is collaborating with Siemens Digital Industries Software to accelerate Ceer’s digital transformation and empower its engineers to design...
- The Saudi-German collaboration is focused on accelerating Ceer’s digital transformation, vehicle development, and manufacturing
- Siemens Xcelerator portfolio of industry software for vehicle design will be used by Ceer
Business
UAE witnesses record 2.4m tourists in first six months of 2023
Abu Dhabi, UAE - A record 2.4 million tourists visited the UAE during the first six months of 2023, a...
- The emirate’s hotel establishments generated revenues exceeding AED3 billion during the same period, a 26 percent growth compared to last year.
- The hotels also recorded an average occupancy rate of 70 percent, with the average stay in the emirate's hotels being 2.7 nights.
Business
EIH buys stake in Gewan Holding
Acquisition aims to diversify and expand into several sectors.
- EIH has cultivated a diversified, innovative, and sustainable investment portfolio comprising over 30 companies across various sectors.
- Gewan is a diversified holding company operating in various sectors, including real estate, general trading, hospitality, travel and tourism.
Geostrategy
Saudi Arabia funds construction of library in Bosnia and Herzegovina
SARAJEVO, BOSNIA AND HERZEGOVINA - Saudi Fund for Development (SFD) Board of Directors Chairman Ahmed Al-Khateeb, laid the foundation stone...
- The funding for construction and equipping of the library has been through a US$22 million grant provided by the Saudi Fund for Development.
- The new library will act as a central hub to connect the university’s 28 sub-libraries and will contribute towards enhancing its educational capabilities.
Geostrategy
UAE launches National Program for Infrastructure Development – Salamah 365
DUBAI, UAE – UAE Minister of Energy and Infrastructure Suhail bin Mohammed Al Mazrouei launched the National Program for Infrastructure...
- Salamah 365 aims to enhance public safety by leveraging innovative solutions and interactive warning systems to rectify identified accident blackspots.
- It also aims to implement a locally tailored model of pedestrian crossings, predict floods before they happen by monitoring dams and valleys.
Business
Seventh Al Dhaid Date Festival witnesses huge turnout
SHARJAH, UAE – The seventh edition of Al Dhaid Date Festival continues to captivate participants and visitors alike, in a...
- The event has been organized by the Sharjah Chamber of Commerce and Industry and is hosted at Expo Al Dhaid.
- The date festival has also attracted various official delegations and representatives from government institutions.
Iran calls new US sanctions ‘declaration of war’ against all countries
US president Donald Trump, meanwhile, says he views the Strait of Hormuz as 'an American territory' and Iran 'cannot be...
Geostrategy
Company News
Pentagon raises Iran war cost to $29 billion
Geostrategy
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2PointZero posts profit surge
Business
Vance rebukes Israeli critics of Trump-Iran deal, says US remains Israel’s only ally
Vance said that if he were serving in Israel's cabinet, he would not be "attacking the only powerful ally that...
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...
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...
Geostrategy
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Geostrategy
Trump, Iran president sign framework accord to end conflict, launch nuclear talks
The accord, signed electronically by both leaders, is intended to serve as a framework for a broader settlement rather than...
- Pakistan Prime Minister Shehbaz Sharif said his country, supported by Qatar, would host a ceremony in Switzerland on Friday to launch technical-level discussions.
- The framework extends the existing ceasefire by 60 days, creating a window for negotiations on a permanent settlement and Iran's nuclear activities.
Business
Abu Dhabi climbs global startup rankings on AI and tech growth
The emirate was ranked in the #41-50 category globally, improving from the #51-60 range a year earlier and marking one...
- The report highlighted the role of Hub71 in supporting founders and technology companies as Abu Dhabi seeks to strengthen its position as a global innovation hub.
- The report, unveiled at the VivaTech conference in Paris, analyzed data from more than 5.5 million companies across over 350 entrepreneurial ecosystems worldwide.
Geostrategy
US-Iran framework centers on investment fund, sanctions waiver and nuclear talks
At the center of the memorandum of understanding is a proposed $300 billion private investment vehicle, known as the Reconstruction...
- Reuters reports a private $300 billion investment vehicle would activate only after a final settlement is reached.
- Trump says sanctions relief is not immediate and warns military action could resume if negotiations fail.