Israel must be held accountable for its actions, says Palestinian PM
DOHA, QATAR - Prime Minister of Palestine Mohammad Shtayyeh called for holding Israel accountable, imposing sanctions and not allowing it...
Geostrategy
Arab world to be center for global change in 2024, says Russian intelligence chief
MOSCOW, RUSSIA - The chief of Russia’s foreign intelligence service, or SVR, believes the Arab world will take center stage...
Geostrategy
Arts & Culture
Dubai Fitness Challenge keeps residents hooked to daily workout
Dubai Fitness Challenge, a program launched in 2017 to improve the well-being of the residents, has seen 88 percent of...
- The program has seen the number of participants more than double from 786,000 in its inaugural year to 1,650,000 people in 2021.
- The participants’ overall satisfaction was extremely high for the 5th edition with 93 percent extremely happy with their experience.
Geostrategy
Bahrain and the Netherlands discuss ways to boost ties
Bahrain and the Netherlands discussed ways to strengthen cooperation and boost the youth sector in both countries through exchange of...
- Both sides lauded the distinguished relations between Bahrain and the Netherlands in all fields
- They also highlighted the major initiatives and programs launched to support the youth sector
Business
UK PM may visit Saudi Arabia to lobby for uptick in oil output
Britain on Sunday defended lobbying Saudi Arabia to up its oil output as energy sanctions on Russia hit Western consumers,...
- Senior cabinet minister Michael Gove did not deny a report in The Times on Saturday that Prime Minister Boris Johnson is set to visit Riyadh this week
- The newspaper said Johnson will lobby Saudi Crown Prince Mohammed bin Salman to help offset the impact of the Ukraine-linked sanctions
Economy
DEWA completes first stage of world’s largest aquifer project
Dubai Electricity and Water Authority (DEWA) has completed the construction of the first stage of the Aquifer Storage and Recovery...
- The full scale of the ASR project can store up to 6,000 million imperial gallons of water once completed by 2025 as a strategic reserve.
- The production capacity of desalinated water of DEWA is currently 490 MIGD, including 63MIGD using Sea Water Reverse Osmosis (SWRO) technology.
Business
Tibbiyah posts 14% drop in profit
Arabian International Healthcare Holding Co., also known as Tibbiyah, has posted a fourteen percent drop in net profit to $21...
- Despite the fall in profitability, the company's board proposed the distribution of SR3 per share in dividends for 2021
- The company said the drop in profit was caused by a decline in sales
Business
SAMI of Saudi Arabia to hire more women to support diversity
Saudi Arabian Military Industries (SAMI) will hire more staff and most of them will be women in order to support...
- Unit last year, SAMI had about 2,500 employees, with 82 percent Saudization and females representing 22 percent of the workforce
- At the end of 2021, SAMI was among the top 85 defense companies in the world
Geostrategy
Palestinian National Authority urges EU to resume financial support
Palestinian National Authority has urged the European Union to overcome technical and other obstacles and resume financial support for the...
- Minister of Foreign Affairs and Expatriates Riyad Malki stressed the importance of financial aid in providing basic necessities to Palestinian people.
- European Union affirmed the importance of continuing joint cooperation between the European Union and Palestine.
Geostrategy
Jordan to receive $1.65bn in US aid in 2022
Jordan has seen several factors affect its economy, such as the conditions brought on by the Covid-19 and the Syrian...
- The US Congress has approved a new aid package for Jordan for 2022, estimated at $1.65 billion
- The aid is expected to support Jordan’s development and reform programs during 2022
Business
Governor chairs meeting to turn Makkah into a smart region
The meeting was attended by the Minister of Communications and Information Technology Abdullah Al-Sawaha, as well as the heads of...
- During the meeting, the governor was reportedly briefed on the work carried out by the Ministry of Communications to contribute to the transformation
- Chief of these is the development of digital infrastructure, as the number of 5G towers reached around 4,000, and the average speed reached 155 Mbps
Business
Egypt nixes reports that Suez Canal traffic is falling
The key trading link is setting new records, said the government, quoting the Suez Canal Authority.
- About 10 percent of global trade, including 7 percent of the world’s oil, flows through the Suez Canal
- First opened in 1869, the canal is a source of national pride and foreign currency to Egypt
Israel must be held accountable for its actions, says Palestinian PM
DOHA, QATAR - Prime Minister of Palestine Mohammad Shtayyeh called for holding Israel accountable, imposing sanctions and not allowing it...
Geostrategy
Company News
ADNOC awards $980m contract
Business
Latest News
It’s time to create and support Climate Solidarity Pact
Proposing the creation of a Climate Solidarity Pact, bringing together developed and emerging economies to combine resources and capacities to...
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...
Geostrategy
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...
Economy
Most Read
Business
ADNOC Drilling 9M net profit $568m
Onshore revenue for the period was $1.074 bn, up 25% YoY.
- The third quarter revenue was $372 million, up 33 percent year-on-year.
- Offshore revenue for the nine-month period was $431 million, broadly flat versus the prior year.
Business
UAE capital records real estate deals worth $5.72 billion in third quarter
Abu Dhabi, UAE--- Abu Dhabi's real estate market recorded a total of 4,441 transactions amounting to over AED 21.04 billion...
- Department of Municipalities and Transport said the emirate recorded 1,995 real estate sales worth AED 5.39 billion, and 2,446 mortgage transactions worth AED 15.64 billion.
- Yas Island topped the list logging transactions worth AED 1 billion, while Al Saadiyat Island coming in second with transactions worth AED 929 million.
Geostrategy
UAE, Indonesian Presidents to enhance bilateral relations
SOLO, INDONESIA - President Sheikh Mohamed bin Zayed Al Nahyan and President Joko Widodo of Indonesia held talks aimed at...
- The meeting came as part of the UAE President's working visit to Indonesia to participate in the G20 Leaders' Summit.
- The two Presidents exchanged views on several regional and international issues of common concern.