Killer heat wave sweeps the globe, hundreds perish
A punishing heat dome continues to intensify over the northeastern United States, scores of record-high temperatures were matched or broken...
Economy
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...
Arts & Culture
Business
Dubai realty market records realty deals worth $435m Tuesday
Dubai, UAE--- Dubai real estate market recorded realty deals worth AED 1.6 billion ($435 million) on Tuesday, according to Dubai...
- These included 439 sales transactions worth AED1.25 billion, in addition to 66 mortgage deals of AED240.64 million, and 72 gift deals amounting to AED175.81 million.
- On Monday the market recorded 392 sales transactions worth AED900.8 million, in addition to 84 mortgage deals of AED741.14 million.
Business
DEWA, Desolenator ink pact
Dutch firm will provide water desalination technology
- The innovative design is intended to be 100 percent reliant on solar energy.
- As per the agreement, a pilot water desalination plant has been installed at the Jebel Ali Power Plant and Desalination Complex.
Infographics
Arab democratization slides further in 2021
Tunisia, the only democracy to remain a democracy after the Arab Spring, may turn authoritarian if a draft constitution published...
- According to the Economist Intelligence Unit Democracy Index, the Middle East and North Africa is the lowest ranked of all regions covered in the index.
- Many Arabs surveyed say they would prefer a strong leader 'who would bend the rules to get things done'.
Economy
‘Standardization key to enhancing quality of local products’
UAE Minister of Industry and Advanced Technology (MoIAT) Dr. Sultan bin Ahmed Al Jaber said that hosting the International Organization...
- The UAE minister said the ISO annual meeting is in tune with MoIAT's efforts to benefit from international expertise.
- Sultan Al Jaber added that such events showcase the UAE's quality infrastructure and deepen partnerships with relevant national and global entities.
Business
Mubadala discovers gas reservoir offshore Malaysia
Abu Dhabi, UAE---Mubadala Energy has discovered a good quality gas reservoir penetrated by the Cengkih-1 exploration well in Block SK320,...
- The company said preliminary analysis shows a significant gas column of more than 110 metres within the pinnacle carbonate reef reservoir.
- Mubadala Energy is the Operator of Block SK320, with 55 percent participating interest in the Production Sharing Contract.
Geostrategy
OIC Secretary General meets US Ambassador-at-large for religious freedom
The two discussed ties between OIC and the United States in view of the strategic dialogue meetings which took place...
- The two discussed ties between OIC and the United States in view of the strategic dialogue meetings which took place in Washington last May were reviewed.
- The meeting also exchanged viewpoints regarding the situations of Muslim societies and minorities in non-OIC countries and the phenomenon of Islamphobia.
Business
Al Sagr, Gulf Union may merge
The two insurance firms will have discussions on the merger.
- After the proposed merger is completed, Gulf Union Alahlia will issue new shares to Al Sagr Insurance shareholders in exchange for all issued shares of Al Sagr
- After the two will have conducted all necessary due diligence, Gulf Union Alahlia and Al Sagr will determine the share-for-share exchange ratio
Videos
Abu Dhabi leads GCC in integrated waste management
Abu Dhabi Waste Management Centre, aka Tadweer, processed more than 1,860,000 tons of waste, including 88,382 tons of medical and...
- Abu Dhabi Waste Management Centre, aka Tadweer, processed more than 1,860,000 tons of waste, including 88,382 tons of medical and hazardous waste during the first half of 2022
- During the first half of 2022, Tadweer successfully diverted 34% of all waste in Abu Dhabi away from landfills, and diverted 50% of waste resulting from demolition and construction
Geostrategy
Kuwait renews support for peace initiative in Yemen
Kuwait has reiterated its support for a peaceful solution to the Yemeni conflict that can bring about peace and stability...
- The sentiment was conveyed by Kuwait's Foreign Minister Sheikh Dr. Ahmad Nasser Al-Mohammad Al-Sabah to US Special Envoy to Yemen Tim Lenderking in a meeting
- The US envoy informed the Kuwaiti top diplomat about the outcome of his recent trips to the region and the latest developments related to the situation in Yemen
Geostrategy
OIC calls on UNSC to approve full UN membership of Palestine
The Secretary-General called for mobilizing all political and legal efforts to implement a long-term international consensus on a lasting solution...
- The Secretary-General called for mobilizing all political and legal efforts to implement a long-term international consensus on a lasting solution to the Palestinian issue.
- The OIC Secretary-General stressed the need to continue pressure on the UN Security Council to take practical measures to implement its resolutions on Palestine
Most Read
Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
Killer heat wave sweeps the globe, hundreds perish
A punishing heat dome continues to intensify over the northeastern United States, scores of record-high temperatures were matched or broken...
Economy
Company News
Ajman Bank, EIH ink deal
Economy
Latest News
Qatar Credit Bureau, Supreme Judicial Council to share data
DOHA, QATAR - Qatar Credit Bureau signed a memorandum of understanding (MoU) with the Supreme Judicial Council (SJC) pertaining to...
Geostrategy
BRICS, SCO membership to reduce West’s sanctions effect, says Iran
"Given our numerous capabilities, we consider Iran’s membership in BRICS and the SCO as well as participation in other regional...
Geostrategy
Iranian company SAIPA to export cars to Russia
TEHRAN, IRAN – The CEO of SAIPA Auto Making Company, Iran’s second-largest car manufacturing company, said a contract has been...
Business
Most Read
Geostrategy
French President says change in existing world order would weaken West, Europe
PARIS, FRANCE - Attempts to change the existing world order threaten to weaken the West and especially Europe, French President...
- Emmanuel Macron said the role of the UN Security Council, International Monetary Fund and World Bank are constantly being challenged.
- Emmanuel Macron said the role of the UN Security Council, International Monetary Fund and World Bank are constantly being challenged.
Business
Kuwait Airport expects 13% rise in passenger numbers, says DGCA
KUWAIT CITY, KUWAIT - Kuwait's Director General of Civil Aviation (DGCA) expected that the total passenger traffic to and from...
- The total passenger traffic from Kuwait International Airport in the present summer season is expected to reach 5.75 million passengers.
- Kuwait Airport expects to operate 45,000 flights this season, an increase of 15 percent compared to last year.
Geostrategy
Iran says European countries willing to buy our drones
TEHRAN, IRAN - A number of European countries have asked to purchase Iran’s unmanned aerial vehicles, the spokesperson for the...
- A spokesperson for the Iranian Defense Ministry said Tehran is prepared to export military drones after fulfilling its domestic needs,
- Political and security considerations will be taken into consideration before finalizing such deals, the spokesperson added.