Saudi GACA issues air carrier, airport classifications for December 2023
RIYADH, SAUDI ARABIA - The General Authority of Civil Aviation (GACA) issued its monthly classification index for air transport service...
Business
Business
Aramco, Etisalat top list of GCC’s valuable firms
Although the last several months have been hard for listed businesses in the Middle East, yet many have defied the...
- The banking and financial services sector has seen its worth grow much more than other sectors
- Still, individual companies like Aramco of Saudi Arabia and Etisalat of UAE are by far the most valuable companies in the region
Geostrategy
Saudi presidency of ARADO Executive Council renewed for 2022-24
The General Assembly of the Arab Administrative Development Organization (ARADO) renewed the presidency of Saudi Arabia for the organization's Executive...
- The renewal came at ARADO's  57th session held on May 19, 2022, at the organization's headquarters in Cairo,.
- The memberships of the UAE, Sudan, Oman, Kuwait, Egypt, and Morocco were renewed.
Economy
Renewables, wind power, EVs to check climate change
Mitigate the carbon footprint of every other alternative energy that we’re going to develop, says Occidental Petroleum chief Vicki Hollub...
- Mitigate the carbon footprint of every other alternative energy that we’re going to develop, says Occidental Petroleum chief Vicki Hollub
- The world does not need to choose between an energy crisis and a climate crisis, says International Energy Agency Executive Director Fatih Birol
Business
Nayifat CEO resigns
Al-Sowailem resigned due to “personal circumstances."
- Al-Sowailem held the position of managing director and has resigned from his membership in the board of directors and committees
- The company said it will announce any further developments relating to the appointment of a new or acting CEO at the earliest opportunity
Geostrategy
WEF: UAE eyes end to global hunger through innovation
Beside the UAE, other GCC countries that have sent delegations to the Davos forum include Saudi Arabia, Qatar, Bahrain and...
- Beside UAE, the other GCC countries that have sent delegations to the World Economic Forum include Saudi Arabia, Bahrain and Qatar to put their perspectives on contemporary issues.
- The forum’s first in-person Annual Meeting in more than two years is being attended by the world’s top leaders from politics, business, civil society, academia, media and the arts.
Business
Sharjah Consultative Council reviews plans to promote private sector
The Financial, Economic and Industrial Affairs Committee of the Sharjah Consultative Council (SCC) reviewed its strategic plans to promote the...
- Saif Mohammed Al Midfa, Chairman of the Council’s Financial, Economic and Industrial Affairs Committee, praised exhibition industry's achievements.
- He said the council looked forward to enhancing the reputation of Sharjah as a regional hub for prospective investments.
Arts & Culture
Qatar all set to successfully begin the FIFA World Cup : Official
Qatar is ready for the launch of a safe and exceptional tournament, the Head of the FIFA World Cup Qatar...
- The World Cup Security officer Al-Mohannadi said all the preparations indicates that the World Cup is a step away from starting.
- He said all the countries participating in the World Cup were invited to cooperate with the International Police Cooperation Center.
Geostrategy
Winners for Kuwait’s municipal council polls announced
The winners for the 13th Legislative session in Kuwait's eight constituencies were announced Saturday on Kuwait State Television. The Judges...
- The Judges announced 10 winners and members of the new municipal council.
- All the 10 winners will be granted a membership of four years in municipal council.
Business
DEWA research facility registers patent for drone charging system
Dubai Electricity and Water Authority’s (DEWA)’s Research & Development Centre has registered a new patent for an Unmanned Aerial Vehicles...
- The system enables continuous charging for UAVs, providing longer flying hours with a large storage capacity.
- DEWA said the system can be used for government, military, commercial, and personal operations.
Economy
UAE unveils major structural change in educational system; appoints new ministers
Under the directives of President Sheikh Mohamed bin Zayed Al Nahyan, Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime...
- Ahmad Belhoul Al Falasi has been appointed as the UAE's Minister of Education
- The new structure in the education sector includes the Education and Human Resources Council, Federal Authority for Quality of Education and Ministry of Education
Saudi GACA issues air carrier, airport classifications for December 2023
RIYADH, SAUDI ARABIA - The General Authority of Civil Aviation (GACA) issued its monthly classification index for air transport service...
Business
Company News
Oman’s Loan-to-Deposit ratio best in GCC
Infographics
2 Emirates NBD India branches
Business
Latest News
Jordan cabinet approves 2023 draft budget law
Council of Ministers okayed a draft law amending the real estate sale tax law for 2022, aimed at stimulating investment...
Economy
US sanctions Hezbollah’s accountants, weapons facilitator
The Treasury Department's Office of Foreign Assets Control (OFAC) sanctioned two individuals and two companies for providing financial services to...
Geostrategy
Rising inflation, falling wages threaten increased poverty: ILO
Global monthly wages fell in real terms to -0.9 per cent in the first half of the year, the study...
Economy
Most Read
Analysis
It’s time to recount UAE’s achievements across sectors as the country celebrates its 51st National Day
Beside successfully addressing COVID-19, the country created a distinguished development model covering all political, economic, social, scientific and cultural areas...
- Beside successfully addressing COVID-19, the Gulf country created a distinguished development model covering all political, economic, social, scientific and cultural areas in 2022
- The UAE, through its ambitious national initiatives and projects, ncreases its international competitiveness and continues the development of its legislative structure this year
Science
‘Carbon credits need more supply, integrity to meet global demand’
RIYADH, SAUDI ARABIA - Carbon credits could make a significant contribution to achieving net zero by 2050, but only if...
- Trade in voluntary carbon credits could grow 100-fold by 2050 if teething problems are addressed.
- A carbon credit allows a country or organization to produce a certain amount of carbon emissions and it can be traded if the full allowance is not used.
Science
Natural disaster losses hit US$115 bn this year, says Swiss Re
GENEVA, SWITZERLAND - Natural catastrophes have caused an estimated US$115 billion of insured losses in 2022 to date, driven by...
- Swiss Re added that so-called secondary natural disasters such as floods and hailstorms caused more than $50 billion of insured losses.
- Total insured losses topping $100 billion for a second consecutive year, said Swiss Re.