Israelis raid Al-Aqsa, homes of Palestinians in Ramallah
RAMALLAH, PALESTINIAN TERRITORIES / JERUSALEM – Israeli forces carried out Sunday a series of raids in several towns in the...
Geostrategy
Saudi Arabia signs MoUs with four countries for development in mining industry
RIYADH, SAUDI ARABIA – The Ministry of Industry and Mineral Resources has signed four Memorandums of Understanding (MoUs) with the...
Geostrategy
Business
UN seeks $80m from donors to remove ship off Yemen coast
The UN will ask for $80 million in donations in order to remove nearly a million barrels of oil on...
- UN-backed engineers have been prevented from inspecting the 45-year-old ship by the Iran-backed Houthis
- A new scheme devised by UN Humanitarian Coordinator for Yemen David Gressly will see the UN attempt to raise $80 million from donors at a conference
Business
DEWA inches closer to finishing $72.42m water project
Dubai Electricity and Water Authority (DEWA) has completed 98.83% of its project to extend its water transmission network by 36...
- The project includes enhancement of water network including installation and commissioning of pipelines
- DEWA’s efforts have reduced the losses in water transmission and distribution networks from 42% in 1988 to 5.3% currently
Economy
Dubai establishes Debt Management Office for financing needs
Dubai has announced the establishment of a Debt Management Office that would be responsible for government's financing requirements, managing the...
- Dubai Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum appointed Rashid Ali bin Obood Al-Falasi as the Chief Executive Officer of the DMO.
- It will also be responsible for managing the sovereign debt portfolio and setting strategic objectives and policies.
Economy
Jury completes evaluation of ‘One Million Arab Coders’ entries
Dubai Future Foundation said Monday that the jury has finished evaluating the projects that qualified for the final stage of...
- The participants presented their innovative ideas based on programming techniques and applications, and compete for prizes totaling $1.35 million.
- A total of 20 projects made it to the final stage of the challenge, the best of which will receive the $1 million grand prize.
Arts & Culture
Jordan king, queen to receive Path to Peace Award in New York
The award will be presented by the Path to Peace Foundation affiliated with the Permanent Observer Mission of the Holy...
- The award will be presented by the Path to Peace Foundation affiliated with the Permanent Observer Mission of the Holy See to the United Nations
- It comes in appreciation of their role in promoting interfaith harmony and dialogue, as well as bolstering prospects for peace
Geostrategy
Qatar, Kuwait warn against Israeli settlement plans
Qatar has warned against the plans of the Israeli occupation authorities to approve about 4000 new settlement units in the...
- Qatar has warned against the plans of the Israeli occupation authorities to approve about 4000 new settlement units in the occupied West Bank
- Kuwait ministry of foreign affairs said that these settlement schemes, which blatantly violate international law and legitimacy; mainly the resolution 2334
Saudi King Salman to stay in hospital after colonoscopy
On Sunday afternoon doctors performed a colonoscopy “and the result was sound”, the Saudi Press Agency later said.
- On Sunday afternoon doctors performed a colonoscopy “and the result was sound”, the Saudi Press Agency later said
- The king underwent gallbladder surgery in 2020 and had the battery of his heart pacemaker replaced in March
Business
Aramco shares up 3 percent
Oil prices continue to spike, beefing up energy companies.
- The stock price slightly retreated to SR45.8 later in the day at 12:07 p.m. Saudi time.
- Saudi Aramco now holds the second largest market valuation globally of SR9.15 trillion.
Arts & Culture
Abu Dhabi tourism department readies to launch summer campaign
The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) will announce its summer campaign at Arabian Travel...
- Located in Hall 2 at Dubai World Trade Centre, Visit Abu Dhabi will take guests on journey of the top sites and attractions in the capital.
- Visitors will be treated to live performances from the City of Music, the creative craftsmanship of Emirati artisans at the House of Artisans zone.
Business
Jeddah airport picks new acting CEO
Ayman Aboabah was appointed after the airport witnessed chaos.
- Aboabah has 28 years of experience, where he had held several leadership positions including the vice president for operations at Riyadh Airports Co.
- Several clips featuring the chaotic situation have gone viral on the internet, with people questioning why su.ch a situation happened at the newly built $9.6 bn airport.
Israelis raid Al-Aqsa, homes of Palestinians in Ramallah
RAMALLAH, PALESTINIAN TERRITORIES / JERUSALEM – Israeli forces carried out Sunday a series of raids in several towns in the...
Geostrategy
Company News
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UAE, Indonesia to cooperate in energy sector
Geostrategy
Arriyadh posts 20% profit drop
Business
All regions experienced water extremes in 2021, says UN
GENEVA, SWITZERLAND - All regions of the world saw water extremes last year - both floods and droughts - and...
Science
EU spent €15.2bn on imports of green energy products last year
The trading bloc also exported green energy products worth €6.5 billion to countries outside the EU.
Economy
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Business
Aldar partners with Nobu to develop luxury hotel on Saadiyat Island
Abu Dhabi, UAE— Aldar Properties has partnered with Nobu Hospitality to launch a new luxury hotel, branded residences, and a...
- The agreement will see Aldar develop the 5-star hotel featuring 165 luxurious guest rooms and suites, including the stunning rooftop Nobu Villa
- The planned development includes the first branded Nobu Residences in the Middle East and the second worldwide, offering high-end, multi-bedroom sea view residences
Economy
Kuwait Central Bank Issues Bonds, Tawarruq worth $792 million
The new securities bear a maturity term of six months and a return rate of 4.25 percent.
- The new securities bear a maturity term of six months and a return rate of 4.25 percent.
- Earlier on November 2, the Central Bank of Kuwait held its policy rate at 3 percent
Business
Americana revises timetable for concurrent dual listing on ADX, Saudi Exchange
The UAE Retail Offer and the KSA Retail Offer were oversubscribed by approximately 48.2x and 2.8x respectively.
- The UAE Retail Offer and the KSA Retail Offer were oversubscribed by approximately 48.2x and 2.8x respectively
- The institutional offer was oversubscribed 65.5x, resulting in an aggregate oversubscription level of 58x