Invest Qatar launches azure open AI GPT-powered chatbot ‘Ai.SHA’
DOHA, QATAR - The Investment Promotion Agency Qatar (Invest Qatar) has partnered with Microsoft to develop Ai.SHA, an innovative AI-powered...
Business
Maisarah leads Oman government’s successful sukuk issuance
MUSCAT, OMAN - Maisarah Islamic Banking Services, Islamic window of BankDhofar, acted as an Issue Manager for the Sovereign Sukuk...
Business
Arab News turns 47, renews resolve to provide ‘quality content’
Arab News, the leading multilingual pan-Arab daily, celebrated its 47th anniversary with a commitment to continue to be the platform...
- Since its establishment in 1975, the Riyadh-based newspaper has sought to be an international voice for Saudi Arabia and the Arab world
- In 2020, despite the challenges of the pandemic, Arab News launched its digital French edition
Business
Emirates Global Aluminum agrees credit facility tied to Term SOFR
Emirates Global Aluminum today announced the company has agreed a revolving credit facility tied to the Term Secured Overnight Funding...
- SOFR is the emerging replacement to the US dollar London Interbank Offering Rate (LIBOR), which has been the global lending benchmark for decades.
- SOFR provides a benchmark interest rate based on data from observable transactions, while LIBOR relied on disclosures from a panel of selected banks.
Economy
New housing package worth $1.71 billion approved for UAE citizens in Dubai
Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum has approved a new housing package worth AED 6.3 billion ($1.71 billion)...
- The package includes housing and land allotments for 4,610 Emiratis in the city, on the occasion of Eid al-Fitr and as part of the Housing Program for Dubai Citizens.
- Al Maktoum also approved the development of a new housing complex in Al Khawaneej area 2, which will include 1,100 residential villas.
Geostrategy
Arab, world leaders welcome Macron’s win
World leaders rushed to congratulate France's centrist President Emmanuel Macron on his re-election and defeat of far-right leader Marine Le...
- Saudi Arabia’s King Salman bin Abdulaziz Al Saud sent a cable to congratulate Emmanuel Macron on being re-elected for a second term as French president
- The UAE President Sheikh Khalifa bin Zayed Al Nahyan wished the French President continued success in achieving more progress and prosperity for the people of France
Geostrategy
Abu Dhabi Crown Prince, Egyptian President, Jordan king meet in Cairo, discuss regional issues
The three leaders discussed the developments taking place in Jerusalem and Al-Aqsa Mosque, stressing the need to stop any practices...
- The three leaders discussed the developments taking place in Jerusalem and Al-Aqsa Mosque, stressing the need to stop any practices that violate the sanctity of the holy mosque
- They called for avoiding escalation and calming the situation, stressing that the region is in need for peace, stability and cooperation to achieve progress and prosperity
Geostrategy
Israeli forces arrest 12 in West Bank as UN chief discusses peace efforts
Israeli forces on Sunday said they had arrested 12 people across the occupied West Bank over the weekend in connection...
- A total of 14 people have been killed in four attacks in Israel since March 22, including another shooting spree in Bnei Brak, an Orthodox Jewish city near Tel Aviv.
- Over the same period, 24 Palestinians have been killed across the West Bank, including assailants, as Israel has stepped up operations in response to attacks.
UNRWA may end services to refugees due to funding crunch
United Nations Relief and Works Agency for Palestine Refugees (UNRWA) is facing a financial implosion for the last 10 years,...
- The Commissioner-General of UNRWA, Philippe Lazzarini said this in a message to Palestinian refugees
- He explained that the annual shortfalls to the core program budget have regularly neared $100 million
Economy
Saudi non-oil exports jump 31 percent
The exports were driven mainly by chemical products which jumped 80 percent year-on-year with a share contribution to total non-oil...
- In February Saudi Arabia exported SR8.7 billion worth of chemical products — SR3.9 billion more than in the same month of 2021.
- The ratio of non-oil exports to imports increased to 50.6 percent in February 2022, up from 45.7 percent a year earlier.
Business
Bahrain announces ban on single-use plastic bags from Sept. 19
Bahrain has announced a ban, effective from September 19, on selling, manufacturing, circulating and importing single-use plastic bags, which are...
- The ministry said the ban would apply on selling, manufacturing, circulating and importing single-use plastic bags, which are less than 35 microns in thickness.
- Industry minister Al Zayani said that the ministry held stakeholder engagement sessions especially with the private sector through the Bahrain Chamber of Commerce and Industry.
Videos
Relative debt of GCC countries
Here’s a look at which countries in the Gulf Cooperation Council (GCC) have how much debt, and how they compare...
- Global organizations like the World Bank could lend them money to improve their economy and infrastructure
- Nations have also been known to take loans from their own population, like in times of war, to raise money
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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
Invest Qatar launches azure open AI GPT-powered chatbot ‘Ai.SHA’
DOHA, QATAR - The Investment Promotion Agency Qatar (Invest Qatar) has partnered with Microsoft to develop Ai.SHA, an innovative AI-powered...
Business
Company News
Latest News
Qatar records ‘impressive’ 94% attendance in World Cup first round
Doha, Qatar— After the first round of FIFA World Cup group stage matches were completed, official figures show that the...
MoCCAE highlights role of UAE Climate Change Research Network
SHARM EL SHEIKH, EGYPT - The Ministry of Climate Change and Environment (MoCCAE) organized an awareness session on the UAE...
Science
Iran’s Khamenei says negotiating with US won’t end recent ‘troubles’
TEHRAN, IRAN - Iran's supreme leader Ayatollah Ali Khamenei said Saturday that negotiating with the United States would not put...
Geostrategy
Most Read
Economy
Qatar ready to provide up to $10 billion in funding to Turkey: sources
Turkish and Qatari official are in the final stages of talks to work out the modalities of extending the funding.
- Turkish and Qatari official are in the final stages of talks to work out the modalities of extending the funding
- The Turkish central bank already had a swap agreement with Qatar's central bank that was originally worth $5 billion
Economy
UNWTO says investments key to transform tourism
Marrakesh, Morocco—The UN World Tourism Organization (UNWTO) convened its 117th Executive Council in Marrakesh, Morocco, as the sector’s recovery continues...
- On the eve of the Marrakesh meeting, the United Nations General Assembly was presented with a a draft resolution calling on all to promote tourism
- The Executive Council is the top governing body of UNWTO and meets twice a year
Business
ENBD REIT announces H1 NAV
The company achieved a gross rental income of $15 million.
- The property portfolio value increased by $4.7 million from the previous quarter to $362 million
- The company achieved a gross rental income of $15 million, up 0.7 percent from the same period last year