‘Israeli army tortures and rapes Palestinian girls’
The experts have expressed concern that an unknown number of Palestinian women and children, including girls, have reportedly gone missing...
Geostrategy
Business
Saudi Esports Federation allies with ASUS Republic of Gamers for Saudi eLeagues
Gamers8, the largest esports and gaming event worldwide, takes place during eight weeks from July 14.
- Gamers8, the largest esports and gaming event worldwide, takes place during eight weeks from July 14
- The event features top esports action alongside a series of festivals, concerts, shows, and more
Business
Summer break, Eid push up Saudi air ticket prices
The kingdom, which has 15 domestic airports, is witnessing a significant increase in the prices of domestic flights, ranging between...
- Saudi Arabia's domestic airports are witnessing active travel due to the summer break and Eid al-Adha
- There has been an increase in the prices of domestic flights tickets, ranging between 32% to 314%
Business
Eid: Sharjah Economic Development Department to intensify market campaigns
Sharjah Economic Development Department (SEDD) said it is ready for Eid al-Adha to ensure the safety of markets through the...
- The campaigns carried out by SEDD included all food service establishments, retail and wholesale stores, men's and women's salons, and gold markets.
- These establishments include Al Jubail market, livestock markets and others, in addition to various economic activities that are in great demand at this time.
Arts & Culture
ISESCO lists 22 Libyan sites as Islamic world heritage
The Islamic World Educational, Scientific and Cultural Organization (ISESCO) has listed 22 Libyan archaeological sites on the list of heritage...
- The archaeological sites registered and published by the ministry included Murzuq Castle, Qasr al-Hajj and nine mosques in Tripoli.
- At its 10th session, the Heritage Committee of the ISESCO announced the registration of 49 historical sites and cultural elements on the final list.
Economy
17 institutions win Real Estate Excellence Award in Sharjah
The Sharjah Real Estate Registration Department has announced that 17 institutions have won the Real Estate Excellence Award. The awards...
- Sharjah Real Estate Registration Department awards are part of a plan to make the emirate an attractive global destination
- One of the plans are to attract investors and consolidate the emirate's position as a sustainable knowledge economy
Economy
Common Reporting Standards to be mandatory in UAE, says CBUAE
Common Reporting Standards is a global methodology for the automatic exchange of financial accounts and tax-related information with other financial...
- The CRS is a global method for the automatic exchange of accounts with other financial regulatory organizations across the world
- The CBUAE is keen to comply with global standards as part of its mission to enhance monetary policy and financial stability
Business
Dubai records real estate transactions worth $435 million Wednesday
Dubai real estate market recorded 454 sales transactions worth AED1.24 billion ($337 million), in addition to 96 mortgage deals .of...
- The sales included 436 villas and apartments worth AED1.1 billion, and 18 land plots worth AED148.73 million.
- Mortgages included 92 villas and apartments worth AED206.75 million and four land plots valued at AED52.27 million.
UAE, Japan discuss forming a business council
The council aims to boost cooperation and visits between the business communities in both countries.
- The council aims to boost cooperation and visits between the business communities in both countries
- Secretary-General of the FCCI bin Salem invited Japanese businesses to invest in the UAE and leverage government incentives
Business
UAE to woo at least 300 global tech firms with ‘NextGenFDI’
The UAE will encourage some 300 global technology firms and software developers to set up base in the country under...
- Dr. Thani bin Ahmed Al Zeyoudi said large and SME businesses approached UAE for the relocation
- The UAE also aims to establish 1,000 new digital companies and increase investment in startups from approximately US$400 million to US$1.3 billion
Geostrategy
Arab parliament welcomes Yemen truce during Eid
The pan-Arab legislature expressed its hope that the humanitarian truce would contribute to ending the war.
- The pan-Arab legislature expressed its hope that the humanitarian truce would contribute to ending the war
- The Arab Parliament urged Yemeni parties to commit to stopping all military operations and abiding by the Saudi initiative announced in March 2021
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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
‘Israeli army tortures and rapes Palestinian girls’
The experts have expressed concern that an unknown number of Palestinian women and children, including girls, have reportedly gone missing...
Geostrategy
Company News
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UAE pledges full support to Jordan, condemns assault on its security
Abu Dhabi, UAE - The UAE has affirmed full support and solidarity with Jordan, stressing the importance of ensuring stability...
Geostrategy
DEWA wins top award by UK based institute
Dubai, UAE - Dubai Electricity and Water Authority (DEWA) won the Best Creative Electricity and Water Solutions Brand by Global...
Arts & Culture
AD Ports signs pacts with Kyrgyzstan to promote trade with Central Asia
Abu Dhabi, UAE--- AD Ports Group has signed two major agreements with the Government of Kyrgyzstan to promote trade and...
Business
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Business
ADNOC Drilling to acquire rigs
The two offshore jack-up rigs will be bought for $200 million.
- Since listing on the Abu Dhabi Securities Exchange in October 2021, ADNOC Drilling has expanded its fleet from 95 to 108 owned rigs, as of 30th September, 2022.
- This rig purchase adds to earlier deals for a total of nine rigs signed in 2022 and four rigs acquired in 2021.
Geostrategy
Governments of UAE, Egypt launch ‘Egypt Services Center’
ASWAN, EGYPT - The governments of the UAE and Egypt inaugurated the Egypt Services Center in the Aswan Governorate, which...
- The inauguration is part of the strategic partnership between the two countries in government modernization.
- The center will adopt a smart system to provide over 30 individual government services.
Business
Saudi PIF acquires 9.5% stake in offshore wind energy developer Skyborn
Dubai---Saudi Arabia's sovereign wealth fund, the Public Investment Fund, had acquired a 9.5 percent stake in Skyborn Renewables, an offshore...
- PIF said it is investing in Skyborn alongside Global Infrastructure Partners, , a US-based infrastructure investment fund.
- The Skyborn, which is based in Bremen, Germany, has a presence in 15 European and Asia Pacific markets.