Saudi to host joint Arab-Islamic summit on Gaza crisis
Riyadh, Saudi Arabia - Saudi Foreign Ministry said on Saturday that the Kingdom will hold a joint Arab Islamic extraordinary...
Geostrategy
Business
Protests erupt in Lebanon against harsh economic policies
A group of engineers in Lebanon held a sit-in protest outside the Central Bank branch in Sidon, in conjunction with...
- The headline of the protest was, “Until rights are restored” & “For the right to hospitalization and a decent retirement
- They deemed that “the banks are seizing the funds and savings of engineers and depositors in general, and imposing controls
Business
Fitness Time posts $54.9m net profit
The operator of the largest Saudi gym chain also sees growth in revenues.
- This was buoyed by a growth in revenues of SR223 million, a SR9.75 million decrease in the cost of revenue, and a fall in other costs by SR32.3 million
- The income from personal training was up SR20.5 million and rental income surged due to new rental contracts during the year.
Business
Saudi sovereign wealth fund PIF has $1.2 bn stakes in two Japan gaming firms
RIYADH: Saudi Arabia’s biggest sovereign wealth fund, Public Investment Fund, has stakes of more than 5 percent in two Japan-listed...
- The PIF has stake of more than 5 percent in Capcom Co., the maker of the Street Fighter and Resident Evil franchises, and online games provider Nexon Co.
- PIF’s stake in Capcom is worth about $332 million based on Friday’s share price, according to Bloomberg.
Science
IAEA unveils new plan to bolster cancer care
The International Atomic Energy Agency (IAEA) has launched a plan to tackle a chronic shortage of cancer care capacity in...
- The total number of cancer deaths worldwide is forecast to rise by 60 percent in the coming two decades, to 16 million people every year
- Rays of Hope builds on the IAEA’s six decades of experience and expertise in nuclear science to diagnose and treat different types of tumors
Business
Saudi Arabia’s Nomu to see two listings
Gas Arabian Services and Obeikan Glass will make debut on the parallel market.
- Gas Arabian Services, having been run by the family for 30 years, aims to spend an average of 2 years on Nomu before moving to the main market
- Riyadh-based Obeikan Glass was founded in 2007 and specializes in glass manufacturing and retail
Business
3,000 new rooms added to Egypt’s total hotel capacity, says tourism ministry
Egypt has added 3,000 new hotel rooms to its total hotel capacity with the opening of 19 new hotel facilities,...
- Construction of 19 new hotel facilities in several governorates has led to the creation of these rooms.
- According to tourism ministry officials, the new facilities have created 2,500 job opportunities.
Economy
Dubai Supreme Council of Energy approves 2030 carbon strategy
The approval came at a meeting chaired by the council’s chairman Sheikh Ahmed bin Saeed Al Maktoum.
- The council approved the updated plans and objectives to reduce carbon emissions by 30 percent by the end of 2030
- This move is expected to, among other things, support the UAE’s efforts to achieve carbon neutrality by 2050
Science
UAE cooperation could help Rwanda launch own satellites: Minister
Rwanda is keen to have the UAE’s cooperation to utilize geospatial data in developmental projects in key sectors.
- Geospatial data is globally being leveraged and utilized in policy decisions and program implementation
- A Rwandan minister said her country knows UAE is advanced in this area, would like to learn from it
Geostrategy
Iran wants better relation with neighbors, says official
Since connecting with neighbors is of utmost importance in Iran’s foreign policy, the current administration has set a transparent framework...
- President Ebrahim Raisi has time and again emphasized the development of mutual ties with neighboring countries, said the official
- The country's Ministry of Foreign Affairs has put on agenda several programs regarding its neighbors nations
Geostrategy
Jordan and US talk ties and renewed partnership
Jordan’s Foreign Minister Ayman Safadi, who is also the deputy prime minister, praised the US for its support for his...
- The trio reportedly discussed the newly-signed MoU on the two countries’ partnership
- The new MoU replaces the previous one that will end at the end of September this year
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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
Saudi to host joint Arab-Islamic summit on Gaza crisis
Riyadh, Saudi Arabia - Saudi Foreign Ministry said on Saturday that the Kingdom will hold a joint Arab Islamic extraordinary...
Geostrategy
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Saudi Arabia, Egypt discuss renewable energy cooperation
The two ministers also talked about the progress in the electrical interconnection efforts.
Economy
Saudi Arabia and Finland to start air services and increase trade
Helsinki, Finland— Saudi Arabia and Finland have signed an agreement to regulate air transport and start air services between the...
Business
Most Read
Economy
UAE, US partner to invest $100bn in renewables, clean technologies
The UAE-US Partnership for Accelerating Clean Energy (PACE), aims to produce 100 new gigawatts (GW) of clean energy in the...
- The UAE-US Partnership for Accelerating Clean Energy (PACE), aims to produce 100 new gigawatts (GW) of clean energy in the two countries
- The UAE has invested more than US$50 billion over the past ten years in clean energy technologies and solutions around the world
Business
Dubai starts issuing multiple-entry visa for Qatar World Cup fans
Dubai, UAE— Dubai has begun to give out multiple-entry tourist visa for "Hayya cardholders" traveling to Doha for the World...
- General Directorate of Residency and Foreigners Affairs (GDRFA) issued the first 90-day multiple-entry tourist visa to Mohammed Jalal, a Jordanian football fan
- Arrivals, according to GDRFA, can have their visas before reaching the country and can shuttle frequently between Dubai and Doha for matches several times a day
Geostrategy
Abu Dhabi, Kyrgyzistan’s Bishkek City sign twinning agreement
Abu Dhabi, represented by Abu Dhabi's Department of Municipalities and Transport, and Bishkek City have signed a twinning agreement to...
- As part of the city twinning agreement, the two capital cities will enable mutual exchange between delegations and the business community.
- The pact will also facilitate exchange of knowledge in urban planning and explore the feasibility of joint venture projects.