Human Rights Monitor submits documents on Gaza executions to UN
GENEVA, SWITZERLAND - The Euro-Mediterranean Human Rights Monitor documented, in a preliminary file submitted to UN special rapporteurs and the...
Geostrategy
136 UN employees killed in Gaza War, says UN chief
NEW YORK, US - UN Secretary-General Antonio Guterres said on Sunday that 136 United Nations employees in Gaza Strip had...
Geostrategy
Economy
Japan grants $3.35m emergency aid to Gaza Strip
Japan will provide humanitarian assistance, such as food provision, targeted at vulnerable Palestinians.
- Japan will provide humanitarian assistance, such as food provision, targeted at vulnerable Palestinians
- The humanitarian situation in Gaza Strip has significantly deteriorated due to the COVID-19 pandemic and floods
Business
Saudi Arabia launches platform with Homeland of Dates tag
The Saudidates platform is expected to help the center promote digital transformation and digitize markets and the entire sectors.
- The National Center for Palms and Dates in Saudi Arabia has launched a platform called Saudidates
- The platform is one of the center’s projects to invest in the history and culture of the kingdom
Economy
Saudi Arabia to import 625,000 tons of wheat later this year
The wheat is being procured from Europe, North and South America, and Australia, and will arrive in Saudi Arabia from...
- The Russian invasion of Ukraine has threatened the food supply of not just Saudi Arabia but the entire Middle East and North Africa region
- Saudi Arabia buys wheat, beef, and milk from both Ukraine and Russia and relies on them for various products, particularly agricultural products
Research
WHO data shows billions of people still breathe unhealthy air
A record number of over 6,000 cities in 117 countries are now monitoring air quality, but the people living in...
- A record number of over 6,000 cities in 117 countries are now monitoring air quality, but the people living in them are still breathing unhealthy levels of fine Particulate Matter
- The findings have prompted WHO to highlight the importance of curbing fossil fuel use and taking other tangible steps to reduce air pollution levels
Business
Saudi Arabia adds two marine tankers to its naval fleet
The Public Transport Authority announced the launch of two new Saudi-flagged marine tankers: "Sara" and "Hessa". Both were recently registered...
- The new giant ships of the Saudi naval fleet bring the tally of national ships carrying the Saudi flag to 426.
- The marine tankers named "Sara" and "Hessa" were registered at King Abdulaziz Port in Dammam.
Business
DFF to support tech startups in luxury retail challenge
Dubai Future Foundation (DFF) has announced the launch of a new, first-of-its-kind initiative in the region to encourage and support...
- The challenge is to utilize the latest technologies and innovations and contribute to the development of a quality and innovative experience for luxury brand customers.
- The challenge is part of the Future of Luxury Retail start-up incubation program, organized by Dubai Future Accelerators, an initiative by the DFF.
Business
Gulf Air, Texel Air sign MoU
They will explore charter agreements, engineering and maintenance activities.
- Texel Air is a Bahraini registered airline and maintenance repair organization (MRO) formed in 2013.
- It is dedicated to providing third party cargo charter operations to a wide range of customers with diverse requirements.
Business
IDC forecasts Saudi ICT spending to touch $33bn in 2022
The International Data Corp. has predicted Saudi spending on information and communications technology to touch $33 billion in 2022, a...
- The Saudi technology sector expanded 8 percent between 2019 and 2021, to reach a value of $32.1 billion
- The global market intelligence provider has also described the Saudi ICT sector as one of the most rapidly growing markets in the region
Economy
Lebanon, its central bank have gone bankrupt, says Deputy PM
In the first official admission, Saadeh al-Shami said the losses have occurred and the government will try to reduce losses...
- Lebanon has been grappling with an unprecedented economic that the World Bank says is usually of scale associated with full-scale wars.
- The country’s currency has lost 90 percent of its value, making it difficult for people to access basic necessities. Lebanon has not been able to afford consistent fuel imports.
Business
ACWA Power and partners begin work on green hydrogen project
ACWA Power of Saudi Arabia and its partners have begun work on a big green hydrogen project in NEOM.
- The partners announced a $900 million contract for the engineering, procurement and construction of the project
- In July 2020, Air Products, together with ACWA Power and NEOM, announced an agreement for a $5 billion world-scale green hydrogen-based ammonia production facility
Human Rights Monitor submits documents on Gaza executions to UN
GENEVA, SWITZERLAND - The Euro-Mediterranean Human Rights Monitor documented, in a preliminary file submitted to UN special rapporteurs and the...
Geostrategy
Company News
Latest News
DMCC digitises gold trading through tokenisation of Comtech gold bullion
DMCC Tradeflow is an online platform for registering the ownership of commodities stored in UAE facilities.
Business
UAE approves law to link up renewable energy units with electrical grid
Abu Dhabi, UAE— The UAE's Ministry of Energy and Infrastructure has announced the approval of the federal law regulating the...
Business
OPEC+ isn’t discussing output increase: Saudi minister
The "categorical denial" has come after the Wall Street Journal reported on Monday that Saudi Arabia, which co-leads the OPEC+...
Business
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Business
Masdar Green acquires properties
The 3 Pearl rated properties in Masdar City are worth $254m.
- The acquisition follows a $200 million green loan secured from First Abu Dhabi Bank (FAB) in January to help finance the REIT’s growth.
- Masdar Green REIT was established by Masdar as an investment vehicle for professional investors to invest in a sustainable, income-generating real estate portfolio in Masdar City.
Business
Dubai Aerospace acquires Sky Fund Irish I
Sky Fund I leases aircraft to 14 airline customers.
- Next-generation technology aircraft represent more than 90 percent of the acquired portfolio.
- DAE's owned portfolio will now comprise nearly 50 percent of fuel-efficient, next-generation aircraft.
Business
ADNOC Drilling to buy 3 rigs
The company bought four rigs between May and Aug. this year.
- The three brand new high-specification offshore jack-up drilling units (rigs) will be purchased for AED1.17 billion ($320 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.