Several nations eager to join Charter of Cooperation, says OPEC Secretary-General
ABU DHABI, UAE - Secretary-General of the Organization of Petroleum Exporting Countries Haitham Al Ghais said that OPEC is in...
Business
RTA inks agreement to develop entry/exit points for Dubai Harbor
DUBAI, UAE - The Roads and Transport Authority (RTA) of the Emirate has entered into a strategic partnership with ‘Shamal...
Geostrategy
Geostrategy
Diplomats seek deal to keep critical Syria aid flowing
Diplomats at the United Nations held last-ditch discussions on extending Syrian cross-border aid Sunday, as residents of the country's rebel-held...
- The lack of an agreement threatens to upend assistance to more than two million people
- Russia on Friday vetoed a Security Council resolution that would have prolonged the mechanism by one year
Analysis
Apex banks under pressure to deliver lower inflation
The world economies are staring at the deep recessions and more financial instability. If inflation does not moderate significantly over...
- Global bond and equity markets have been particularly volatile in recent weeks, says the latest Qatar National Bank report
- The main driver of the volatility was the multitude of negative prints coming from inflation figures in key economies, it adds
Geostrategy
Kuwait asks its citizens to leave turmoil-hit Sri Lanka at the earliest
Kuwait's Foreign Ministry has called on nationals who are currently in Sri Lanka to keep away from protest areas, heed...
- Kuwait also advised nationals who are planning to travel to Sri Lanka to postpone their trips.
- It encouraged Kuwaitis in Sri Lanka to call the embassy or the ministry if they seek any help.
Business
Top social media sites become haven for crypto fraud
Instagram accounts for 32% of all fraud cases on social media, followed by Facebook and WhatsApp as scammers find it...
- Most recorded crypto scams originated on social media as investment fraud
- Yet, few safeguards are in place to protect consumers from scams in the crypto market
Videos
Nothing should hold Arab women back: Suzy Kanoo
Not only Arab women but all women should not be fettered by anything in pursuit of their goals, the Bahrainian...
- Kanoo is CEO and President of the Khalil bin Ebrahim Kanoo Company and International Motor Trading Agency in Bahrain.
- She is the author of ‘Hear Us Speak’, which encouraged many women to tell their stories.
Videos
Dubai tourism achieves robust growth in 2022
The sector recovered fast in the emirate after the easing of Covid-19 restrictions, registering a 203 percent increase in the...
- The increased flow of tourists helped improve hotel occupancy across the emirate, which reached 76 per cent during the period, the highest globally in Q1.
- Successful handling of the pandemic, a safe environment for travelers and world-class infrastructure have contributed towards the rising tourist inflow.
Economy
Regional projects vital for future, says Jordan’s King Abdullah
King Abdullah spoke about Jordan's Economic Modernization Vision for the next decade which seeks to sustain recovery the COVID-19 pandemic....
- King Abdullah spoke about Jordan's Economic Modernization Vision for the next decade which seeks to sustain recovery from the COVID pandemic.
- The vision plans for the coming years by capitalizing on opportunities in the Kingdom, especially amid the impact of the Ukrainian crisis.
Business
GFH acquires housing portfolio
The acquisition is in partnership with GFH subsidiary Student Quarters.
- Student housing assets are considered among the safest given prevailing inflation climate
- The sector has exhibited strong performance throughout and following Covid lockdowns
Geostrategy
GCC leaders condemn assassination of former Japan PM
Leaders of the GCC countries have expressed their shock and condemnation at the assassination of the former Japanese Prime Minister...
- Abe was giving a speech for a candidate in Nara just ahead of Sunday's parliamentary elections, when a man shot him from behind with a handmade firearm
- The UAE President Sheikh Mohamed bin Zayed Al Nahyan joined the world leaders in expressing his condolences and sympathy to the Japanese government and people
Arts & Culture
Reforms crucial to revive pandemic-hit culture sector
The sector also saw a decline of 25 percent of its Gross Value Added in 2020. However, while most of...
- The culture was one of the most seriously impacted sectors globally due to COVID-19 pandemic, with more than 10 million jobs lost in 2020 alone
- Revenues from the digital creative economy totalled US$2.7 billion globally in 2020, over a quarter of the sector’s overall revenue, says a report
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
Several nations eager to join Charter of Cooperation, says OPEC Secretary-General
ABU DHABI, UAE - Secretary-General of the Organization of Petroleum Exporting Countries Haitham Al Ghais said that OPEC is in...
Business
Company News
Latest News
Dubai races ahead to be global epicenter for crypto
While the crypto ecosystem still reels from the collapse of FTX, and investor apprehension about the future of the digital...
Business
Saudi communications ministry inks MoU with Huawei
Under the terms of the agreement, the Ministry and Huawei will collaborate to realize a '10Gbps Society', to build a...
Business
Dubai International Chamber launches three new offices in Cairo, Tel Aviv, Istanbul
The formal inauguration of the representative office in Tel Aviv will take place in the Israeli capital on December 13.
Economy
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Infographics
Abu Dhabi, Dubai gain as realty prices rise in UAE
The UAE’s real estate market flourished during November as sales in Dubai alone crossed 10,000 transactions, the highest recorded since...
- The UAE’s real estate market flourished during November as sales in Dubai alone crossed 10,000 transactions, the highest recorded since 2011, says a latest report
- In November, the off-plan market witnessed the highest value of transactions in a decade by recording AED 12.7 billion for the first time
Business
DEWA approves special $552m dividend
The record date for the dividend is 22 Dec. 2022.
- DEWA, which is listed on the Dubai Financial Market, held its second general assembly for 2022 under the chairmanship of Matar Humaid Al Tayer, Chairman of the Board of Directors.
- “This dividend yield is more attractive than most companies listed on the ADX, DFM, and Tadawul, as well as other global utility companies,” said Al Tayer.
Business
TotalEnergies to start drilling in offshore Lebanese gas project in 2023
Paris, France--- French energy giant TotalEnergies said Monday that several teams were working in collaboration with the Lebanese Petroleum Administration...
- TotalEnergies owns 60 percent of Block 9 and its partner in the project, Eni, the remaining 40 percent.
- Block 9 is within the territorial waters of Lebanon, which reached a maritime agreement with Israel.