Blinken calls on Israel to stop settler violence in West Bank: Report
Israeli settler violence has increased significantly since the outbreak of the ongoing Israeli genocide campaign in Gaza, rising from an...
Geostrategy
UAE warns of visa ban over job loss insurance fines
ABU DHABI, UAE - Some employees who failed to meet an October 1 deadline to sign up to the UAE's...
Business
Business
MAWANI signs pact with Bahri to build logistics park
The Saudi Ports Authority (MAWANI) signed an agreement with shipping giant Bahri to build and operate an integrated logistics park...
- Once built, Bahri will manage operations at the state-of-the-art facility for a duration of 20 years.
- The 95436m2 logistics zone will provide storage and handling services for all types of inbound and outbound shipping containers.
Business
Dubai International Financial Centre records best performance in 17 years
Dubai International Financial Centre (DIFC) has reported its best annual performance to date, recording its highest ever annual revenue and...
- The Centre said it achieved its 2024 Strategy growth targets three years ahead of schedule during the first half of 2021.
- Revenue increased by 16 per cent to AED897 million year-on-year versus AED774 million in 2020, and up by 7 per cent from AED838 million in 2019 (pre-pandemic levels).
Economy
UAE industrial exports surge to $32.6bn in 2021: Ministry of Industry
According to the 2021 annual report released by the Ministry of Industry and Advanced Technology, the rise in exports coincided...
- Also, the National In-Country Value has succeeded in circulating AED41.4 billion ($11.5 billion) back into the local market.
- UAE rose five places—from 35 to 30-- in the Competitive Industrial Performance Index issued annually by the United Nations Industrial Development Organization.
Business
Abu Dhabi International Airport receives 5.26m passengers in 2021
Abu Dhabi International Airport has welcomed 5.26 million visitors in 2021 thanks to a fourth-quarter surge that saw 2.43 million,...
- The airport recorded 74,176 flights during the year compared to 61,034 in 2020, an increase of 21.5 percent.
- Abu Dhabi International's network also expanded significantly during 2021, with 103 destinations now being served compared to 75 destinations in 2020.
Geostrategy
17 Israelis arrested over attack on Palestinian village in January
Seventeen Israelis have been arrested on suspicion of involvement in a racist attack on a Palestinian village in the occupied...
- Armed with stones, clubs and "other objects", the assailants wounded one Palestinian and vandalized shops, vehicles and property in the village of Hawara.
- Human rights groups say that West Bank Palestinians face frequent attacks by Jewish Israelis and that perpetrators often go unpunished.
Economy
Algeria president announces unemployment benefit for youth
The payments will be made "to preserve the dignity of young people", Algerian president Tebboune said.
- The payments will be made "to preserve the dignity of young people", Algerian president Tebboune said
- It will be accompanied by medical benefits, while some taxes on consumer products will also be suspended
Geostrategy
Kuwaiti defense minister discusses ties with Turkish, Indian envoys
While not verified, the claims by Russia provided some much-needed relief for investors, who had grown increasingly fearful of a...
- While not verified, the claims by Russia provided some much-needed relief for investors, who had grown increasingly fearful of a conflict in Eastern Europe
- Separately, the defense minister received Indian Ambassador to Kuwait Sibi George. The two addressed issues of common interest
Economy
Sharjah Police returns around AED500m to owners in 2021
A number of beneficiaries of the initiative are said to have expressed their happiness as they were able to recover...
- Colonel Youssef Obaid bin Harmoul, Director of the SP’s Comprehensive Police Stations Department, said this happened due to the Al Solh Khair initiative
- It resulted in 12,798 reconciliations out of 27,408 criminal reports in 2021, which included 8,523 financial reports, and the return of AED500m
Business
UAE, Philippines ink deal to bolster trade ties
The UAE is already the Philippines’ biggest export partner in the Middle East.
- The UAE and the Philippines are said to be headed towards unprecedented economic relations
- The two countries have concluded negotiations for the Investment Promotion and Protection Agreement
Business
UAE’s Dragon Oil announces first oil find in Egypt’s Gulf of Suez
The discovery is one of the largest in the area in the past 20 years, and the field could contain...
- The discovery is one of the largest in the area in the past 20 years, and the field could contain around 100 million barrels in reserves
- The announcement was made on the sidelines of the ongoing Egypt Petroleum Show (EGYPS) 2022
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
Blinken calls on Israel to stop settler violence in West Bank: Report
Israeli settler violence has increased significantly since the outbreak of the ongoing Israeli genocide campaign in Gaza, rising from an...
Geostrategy
Company News
IHC buys 54% stake in Emircom
Business
Latest News
ADNOC Distribution to pay $349m
Business
ADC sets price for IPO
Business
World Cup: Saudia to operate 780 flights to ferry fans to Doha
Riyadh, Saudi Arabia---Saudi Arabian Airlines (SAUDIA) has announced it will allocate 780 scheduled, additional and shuttle flights connecting Riyadh, Jeddah,...
Business
COP27 summit opens as world races against climate clock
Just in the past few months, climate-induced catastrophes have killed thousands, displaced millions and cost billions in damages across the...
Geostrategy
UAE, Jordan ministers discuss global, regional issues
Jordan's Deputy Prime Minister and Minister of Foreign Affairs and Expatriates Ayman Safadi met with UAE Minister of Foreign Affairs...
Geostrategy
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Business
Qatar Civil Aviation Authority braces for arrival of football fans
Doha, Qatar— Qatar Civil Aviation Authority has promised a "unique travel experience" for football fans of the World Cup in...
- The authority's Air Navigation Department has completed its preparations for the World Cup as well
- The landing and take-off procedures have been separated into two runways to increase the capacity for take-off and landing operations
Business
Great editors act as teacher, help create great authors
“I have two very important roles - the first, to be the mouth-piece for my authors in the publishing house,...
- The job as an editor is to form a truly intimate relationship (with authors), and forge a wonderful friendship, says an expert
- An editor is like a surgeon; we have to be precise with our criticism but also remain sensitive to our authors to give them constructive feedback, another expert adds
Geostrategy
Saudi, Australian ministers discuss trade, bilateral ties
Saudi Minister of Industry and Mineral Resources Bandar bin Ibrahim Al-Khorayef met the Australian Assistant Minister of Industry for Manufacturing...
- The Saudi delegation’s visit to Australia also included participating in the International Mining and Resources Conference + EXPO (IMARC).
- The Saudi delegation highlighted initiatives to develop the industrial sector.