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TikTok’s US future uncertain

It must find non-Chinese owner to avoid ban.

Tesla Q1 sales sink 13 percent

The dip occurred amid lower production during factory upgrades.

AD Ports Group 2024 revenue $4.70bn

The Group's EBITDA increased by 69 percent YOY.

Tesla sales tumble in Europe in Q1

The company suffered from boycotts against the policies of Elon Musk.

Ford’s US Q1 auto sales dip

But its Q1 figures exceed a forecast by Edmunds

PureHealth buys Circle Health

The deal signifies PureHealth’s operational capabilities.
  • The completion of this transaction further strengthens PureHealth’s commitment to becoming a leading global player in healthcare.
  • The company’s expansion into the UK healthcare market reflects its focus on advancing the science of longevity and unlocking time for humanity.

Several MoUs signed at Future Minerals Forum in Saudi Arabia

RIYADH, SAUDI ARABIA – The third edition of the Future Minerals Forum (FMF), organized by the Kingdom’s Ministry of Industry...
  • The Ministry of Industry and Mineral Resources and the Japan Organization for Metals and Energy Security signed an agreement.
  • The first day of the forum also saw the announcement of unexplored mineral estimates, rising from $1.3 trillion to $2.5 trillion.

Israelis raid Al-Aqsa, homes of Palestinians in Ramallah

RAMALLAH, PALESTINIAN TERRITORIES / JERUSALEM – Israeli forces carried out Sunday a series of raids in several towns in the...
  • The raids targeted the villages of Mazra'a al-Gharbiya, 'Arura, Birzeit, and Jalazone camp, north and west of the city of Ramallah.
  • In Hebron, Israeli forces raided Al-Arroub camp and the towns of Beit Ummar and Bani Na'im, stormed homes, and seized vehicles.

DEWA records 12.5 million digital transactions in 2023

DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) announced that its customers conducted around 12.5 million digital transactions in...
  • DEWA offers digital services for electricity and water management, as well as innovative sustainability services.
  • These include smart living initiative, features like consumption monitoring, comparison with high-efficiency homes.

ADQ, ADNEC Group sign agreements

They will buy 40.5% stake in TMG Holding’s hospitality business.
  • ADQ and ADNEC will invest through a special purpose vehicle, with 49 percent equity ownership by ADQ and 51 percent equity ownership by ADNEC.
  • ICON is a leading player in Egypt’s luxury and upscale hospitality market, with a track record of building and owning some of the most celebrated luxury hotels in Egypt.

CBUAE cancels license of First Insurance Brokers Company

ABU DHABI, UAE - The Central Bank of the UAE (CBUAE) has cancelled the license of First Insurance Brokers Company...
  • The sanction comes as a result of the CBUAE’s decision following the company’s non-compliance with the regulations.
  • The CBUAE works to ensure that all insurance companies and related professionals comply with laws and regulations.

NEOM announces Aquellum as futuristic lifestyle community

NEOM, SAUDI ARABIA - The Board of Directors of NEOM has announced Aquellum, a luxury and experiential space embedded within...
  • Aquellum is hidden within a breathtaking 450-meter-high mountain range.
  • The subterranean digitalized community creates vibrancy and interconnectivity.

Saudi Arabia signs MoUs with four countries for development in mining industry

RIYADH, SAUDI ARABIA – The Ministry of Industry and Mineral Resources has signed four Memorandums of Understanding (MoUs) with the...
  • The roundtable highlighted the need for governments and industry to achieve economic and social development for local communities.
  • A total of 79 governments, 13 international organizations, 15 NGOs and seven business associations took part in the roundtable.

FAB issues first Sukuk globally in 2024

ABU DHABI, UAE - First Abu Dhabi Bank (FAB) has issued a five-year US$800 million Sukuk at US Treasury +85bps,...
  • The allocation sees 76 percent directed towards dedicated Islamic investors and 38 percent towards international counterparts.
  • The 1.9x oversubscribed order book represented high-quality investors, including international fund managers, supranational and banks.

UAE economy likely to grow by 3.8 percent in 2025, says World Bank

WASHINGTON, US - The World Bank expected the UAE's real GDP to grow by 3.4 percent in 2023, rising to...
  • The World Bank forecast the growth in the Gulf Cooperation Council countries to rise to 3.6 percent in 2024 and 3.8 percent in 2025.
  • The report said that the growth rate in the Middle East and North Africa region slowed down sharply to 1.9 percent in 2023.

IMF projects 3.3% global growth for 2025, MENA to rebound to 3.6%

Dubai, UAE -- The International Monterey Fund (IMF) has projected global growth to remain at 3.3 percent this year and...

Latest News

The Middle East fastest growing Real-Time Payments market globally

For the second consecutive year, the Middle East is the fastest-growing real-time payments market globally, according to the 2024 Prime...

Saudi Arabia inaugurates its second “House of Culture”

As part of the “Quality of Life” program, these houses aim to upgrade cultural infrastructure and boost Saudi engagement in...

Geopolitical unrest generates an onslaught of DDoS attacks

NETSCOUT SYSTEMS, INC. released findings from its 2H2023 DDoS Threat Intelligence Report that dissects trends and attack methodologies adversaries use...

Most Read

Germany shares observations on Qatar hosting Autonomous e-Mobility Forum

In its efforts toward sustainable transportation, the German embassy is the first diplomatic representation in Doha to utilize an electric...
  • The diplomats shared their observations and views on Qatar’s trajectory as a hub for dialogue and the potential of autonomous e-mobility moving forward
  • The German embassy is indeed the first diplomatic representation in Doha to utilize an electric vehicle as a staff car

Saudi’s Modon attracts $3.8bn industrial investments in 2023

Saudi Authority for Industrial Cities and Technology Zones (Modon) has announced significant progress in attracting industrial and logistical investments for...
  • New investments surged by 63 percent, with 891 local and foreign investments secured.
  • The number of factories rose to 6,443, alongside 7,946 industrial, logistical, and investment facilities

DWTC welcomes 2.47m visitors in 2023, says EVP

DUBAI, UAE – Executive Vice President, Dubai World Trade Center (DWTC)  Mahir Julfar said that the DWTC's performance in 2023...
  • Over 722,000 were international visitors to various events, showcasing an unparalleled 60 percent growth rate year-on-year.
  • Flagship events such as GITEX Global and Gulfood maintained their leadership positions in their respective sectors.