Saudi Arabia’s air defense commander examines Russia’s S-350, S-400 systems
RIYADH, SAUDI ARABIA – The Commander of the Royal Saudi Air Defense Force Lieutenant-General Mazyad bin Suleiman Al-Amr has inspected...
Geostrategy
UAE is the most popular destination for global workers, says report
Dubai, UAE – The United Arab Emirates is the most popular country for international talent seeking employment visas, a report...
Business
Economy
Sheikh Hamdan lauds success of Barakah Nuclear Plant
The UAE is continuing its move towards environmentally friendly energy sources to fulfill its international obligations regarding climate change and...
- The UAE is continuing its move towards environmentally friendly energy sources to fulfill its international obligations regarding climate change
- The country will achieve the objectives to diversify energy sources and its ambitious strategic initiative for climate neutrality by 2050
Economy
Qatar discusses growth of digital economy with US Embassy
In a virtual meeting Qatari minister, US Embassy officials, American Chamber of Commerce personnel, government officials and representatives of the...
- Qatari minister speaks of his country's vision for a digital economy
- He said US firms have a key role in Qatar's digital economy
Science
Saudi first in Arab world on Nature index for quality scientific research
Saudi Arabia ranked first in the Arab world and 30th globally in the British “Nature” index for evaluating countries, universities...
- The kingdom ranked 30th globally on the index that evaluates universities for the quality of scientific research.
- “Nature” included 26 Saudi universities in its tables for this year, compared to only 16 universities in 2018.
Business
Incubeta buys Bruce Clay
The purchase will help the firm to expand in the MENA region.
- Operating in 17 countries globally, Incubeta is a market leading specialist that uses the power of bespoke, localized digital solutions to unlock and amplify growth potential
- Bruce Clay MENA and Incubeta will drive growth for clients, and the group, in the Middle Eastern and North African markets
Business
Vodafone signs deal with Whisbi
The agreement is for the provision of customer care services via video call.
- Vodafone has signed an exclusive agreement with Whisbi for the provision of customer care services via video call
- The agreement was signed between Bader Al Zaidi, CEO of Vodafone, and Alex Bisbe CEO of Whisbi in Muscat
Business
Iraq asks Iran to hike gas supplies to run power plants
Iraq is in discussions with Iran to increase gas transportation to the country in order to operate power plants. The...
- The ministry of electricity for Iraq feels that Iran understands Iraq's needs
- Iraq has started the process of repaying the Iranian gas debt, while also saying it needs more than 50 million cubic meters per day
Analysis
Growth likely to vary across regions and geographies
While the global economy has been slowing down, the picture looks very different across regions and geographies. This is based...
- While the global manufacturing PMI is still comfortably within expansionary territory, there are signs of a slowdown or even reversal of economic activity
- Nevertheless, different growth patterns can be observed across regions and geographies, a latest report by Qatar National Bank (QNB) has highlighted.
Arts & Culture
Sharjah, Hungary discuss cooperation in cultural field
A high-level Sharjah's Department of Government Relations delegation was in Hungary to discuss mutual investment opportunities and outline ways to...
- Chairman of Sharjah's Department of Government Relations expresses his admiration for the Liget Budapest project
- The project aims to renew Budapest’s most iconic public park while fully respecting its 200-year-old heritage
Economy
‘US$50bn investment a milestone in UAE’s climate action efforts’
The announcement by the President to invest an additional US$50 billion for climate change is a milestone in UAE'S efforts...
- The announcement by the President to invest an additional US$50 billion for climate change is a milestone in UAE'S efforts
- The amount will be utilized to scale up climate action efforts through the deployment of clean energy solutions in UAE and abroad
Economy
CBJ asks local banks not to change interest rates on loans
The Central Bank of Jordan issues a circular asking local banks not to change interest rates on loans to individuals....
- The Central Bank of Jordan issues a circular asking local banks not to change interest rates on loans to individuals
- CBJ’s decision comes in light of the current changes to interest rates and to ease the burden of repaying loans for individuals
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
Saudi Arabia’s air defense commander examines Russia’s S-350, S-400 systems
RIYADH, SAUDI ARABIA – The Commander of the Royal Saudi Air Defense Force Lieutenant-General Mazyad bin Suleiman Al-Amr has inspected...
Geostrategy
Company News
Latest News
UAE leads Arab world in IMD World Talent Ranking 2022
The country was ranked among the top ten in nearly 30 percent of the report’s indexes.
Economy
Saudi Arabia, UAE mediation efforts aid the US-Russia prisoner swap
The mediation efforts were led by the Emirati president Sheikh Mohammed bin Zayed bin Sultan Al Nahyan and the Crown...
Geostrategy
Six years later, Saudi King Salman and China’s Xi sign comprehensive strategic partnership agreement
Beijing is ready to expand its crude oil trade with Riyadh and will "list Saudi Arabia as a destination country...
Geostrategy
Most Read
Business
Saudi Central Bank licenses debt-based crowdfunding finance firm Manafa
Riyadh, Saudi Arabia---The Saudi Central Bank (SAMA) has licensed Manafa, a finance company specialized in debt-based crowdfunding in the kingdom....
- Manafa is a closed joint-stock company with a capital of SAR 40 million.
- The license was granted to the company after a successful trial run in SAMA's Regulatory Sandbox, an experimental environment dedicated to innovative financial products, services.
Business
Dubai records over $462 million in real estate transactions: DLD
Dubai, UAE--- Dubai real estate market recorded deals worth AED1.7 billion ($462 million) on Thursday, according to Dubai Land Department....
- The deals included 617 sales transactions worth AED1.45 billion, in addition to 85 mortgage deals of AED257.35 million, and 19 gift deals amounting to AED34.64 million.
- The sales included 532 villas and apartments worth AED1.11 billion, and 85 land plots worth AED338.47 million.
Economy
Qatar Central Bank’s foreign reserves surge 6.82 percent in Nov
Doha, Qatar---The foreign currency reserves and liquidity of the Qatar Central Bank (QCB) increased by 6.82 percent to reach QR...
- The figures issued by the QCB show the bank's official reserves increased by the end of November 2022 year-on-year by about QR 13.169 billion to reach QR 166.109 billion.
- The rise has been driven by the increase in the QCB's balances of bonds and foreign treasury bills by about QR 18.896 billion to the level of QR 124.656 billion in November 2022.