58% of firms in Saudi Arabia plan to outsource cybersecurity
RIYADH, SAUDI ARABIA - Company bosses are boosting their cybersecurity following an alarming increase in cyberattacks, a new study commissioned...
Business
EDB commits US$350m for renewable energy projects in developing countries
ABU DHABI, UAE - Emirates Development Bank (EDB) has committed US$350 million (AED 1.3 billion) to support the Energy Transition Accelerator...
Business
Geostrategy
Arab Parliament hails EU decision to sanction Houthi group
The Arab Parliament (AP) welcomed the decision by the Council of the European Union to include the Houthi terrorist militia...
- The Council’s amended regulation follows the recent UN Security Resolution which designates Houthis a terrorist group for the first time
- The Arab Parliament affirmed that this decision is an important step to put an end to the terrorist acts carried out by the Houthi coup militia
Business
UFC, martial arts group, to return to UAE in October
The world’s premier mixed martial arts organization UFC will return to UAE in October 2022 at Abu Dhabi Showdown Week...
- The UFC 281 will be the third event of a five-year partnership between DCT Abu Dhabi and the UFC
- It will mark the promotion’s 17th overall event in Abu Dhabi, dating back to UFC 112: INVINCIBLE in April 2010
Business
Expo 2020 achieves another milestone, records 20m visits
Expo 2020 Dubai, the largest global gathering since the start of the pandemic, reached the milestone of 20 million visits...
- Dubai Expo 2020 is the biggest event ever to be held in the Arab world with cultural, numerous educational and entertainment experiences
- The appearances of Global leaders, sporting heroes, renowned artists and superstars formed some of the 32,000 events and attractions at the Expo
Arts & Culture
On International Day of Happiness, UAE aims for best quality of life
The UAE is celebrating the International Day of Happiness, observed on March 20, with achievements and gains that enhance the...
- The minister was speaking on International Day of Happiness, which is to be held on March 20
- He said the UAE aspires to maintain its leading position among the happiest countries in the world
Economy
Saudi crude oil exports rose 59,000 barrels a day in January
The crude oil exports of Saudi Arabia rose by 59,000 barrels per day to 6.996 million bpd in January, according...
- The new data indicated that in January the kingdom’s exports of crude oil rose by 0.9 percent from 6.937 million bpd in December
- January also marked a substantial increase in the direct use of crude oil — such as oil burning for electricity generation
Science
One in five Saudi citizens have a food allergy
The SFDA said that food allergy can be best treated by avoiding the ingredients that cause it.
- The SFDA said that food allergy can be best treated by avoiding the ingredients that cause it
- Food allergy is defined as a reaction of the immune system to a certain type of food
Business
Saudi Arabia inks MoU with Amazon to promote digital services, e-commerce
The Saudi Arabia’s Ministry of Investment (MISA) announced on Friday that it has signed a Memorandum of Understanding (MoU) with...
- Saudi Arabia and Amazon will form a joint committee consisting of members from each party that will meet twice a month to explore reforms across a range of areas
- The committee will also work with relevant public sector entities to deliver support and incentive programs to accelerate the growth of digital services and e-commerce
Economy
Russian wheat flour supply to Palestine to resume
The Palestinian Authority is already engaged in ongoing national efforts to diversify international markets that supply Palestine with basic commodities.
- About 15,000 tons of Russian wheat flour are scheduled to arrive in Palestine by the end of this month
- This comes despite the current Russian-Ukrainian crisis and its effects on global supply chains, especially food
Economy
Bahrain top Arab country in the World Happiness Report 2022
The annual report is published by the United Nation’s Sustainable Development Solutions Network.
- The report ranks Bahrain in the 21st position out of 146 countries
- This is an improvement by one position from last year’s report
Economy
Italy to tax energy profits to ease price burden
The amount generated is expected to help families and businesses struggling with high bills.
- The money will help fund a new €4.4-billion package to ease the pain of high energy prices
- This apparently comes on top of the €16 billion Italy has already spent in recent months
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
58% of firms in Saudi Arabia plan to outsource cybersecurity
RIYADH, SAUDI ARABIA - Company bosses are boosting their cybersecurity following an alarming increase in cyberattacks, a new study commissioned...
Business
Company News
Al Awali to raise US$133m
Business
Latest News
AD Ports Group records 77% growth in Q3
The company's EBITDA increased 52 percent YoY to $162 million.
Business
Saudi Crown Prince and PM arrives in Indonesia for G20 summit
Bali, Indonesia— Crown Prince and Prime Minister of Saudi Arabia, Mohammed bin Salman, has arrived in Indonesia to take part...
Geostrategy
European Film Festival commences at Haya Cultural Center in Amman
Amman, Jordan— Intended to open up a space for intercultural cooperation, the 34th edition of the European Film Festival (EUFF)...
Arts & Culture
Most Read
Geostrategy
UAE urges global efforts for trade at B20 Summit in Indonesia
BALI, INDONESIA - Speaking at the B20 Summit in Bali, Indonesia, Minister of State for Foreign Trade Dr. Thani bin...
- The UAE is working to help the global economy overcome current and future challenges.
- The economy of the future will be based on knowledge and innovation.
Economy
Bahrain made the highest rate hike in GCC region
Many Gulf states, including the region's two biggest economies, raised key interest rates earlier this month after the US Fed...
- The Fed raised the rate by three-quarters of a percentage point for the fourth straight time.
- The impact of higher interest rates among Gulf oil exporters in 2022 has so far been limited.
Business
Emaar 9M revenue at US$5.1bn
Robust property sales helped firm enhance revenue.
- Emaar said that EBITDA in 9M 2022 increased by 47 percent to US$ 2.3 billion
- The property giant said net profit in 9M 2022 increased by 124 percent to US$ 1.6billion.