Relations with Iran will be strong, says Saudi envoy
TEHRAN, IRAN - Saudi Arabia's Ambassador to Iran Abdullah bin Saud al-Anzi has said that relations between the two countries...
Geostrategy
Saudi Arabia’s first social network Jaco attracts 1m users in 2 months
RIYADH, SAUDI ARABIA: The supervisor of the Kingdom's first social network Jaco - Saudi entrepreneur Fahd Al-Shidi announced that the...
Business
Business
MSCI includes Waha Capital
The company has been added to key UAE and global small-cap indices.
- The decision by MSCI, one of the world’s leading index providers, raises Waha Capital’s profile amongst global institutional investors
- MSCI indexes are closely replicated by passive funds and other investment vehicles, such as mutual and exchange traded funds (ETFs)
Geostrategy
Qatar wins most votes to be a member of WHC
Qatar was elected as a member of the World Heritage Committee for four years, after securing 114 votes during the...
- Qatar received the highest number of votes among the candidate countries for the open seats, with 114 votes, followed by Belgium with 103 votes
- Permanent Representative of Qatar to UNESCO Dr. Nasser bin Hamad Al Hanzab affirmed Qatar's pride in joining the World Heritage Committee
Geostrategy
193 countries adopt first global pact on Artificial Intelligence ethics
All member nations of UNESCO adopted on Thursday a historical text that defines the common values and principles needed to...
- The Recommendation on Ethics of AI sets the first global normative framework while giving countries the responsibility to apply it at their level.
- Until the pact, there were no universal safeguards against ethnic bias, privacy threats, dangers of mass surveillance: UNESCO.
Ahmed Al Jarwan elected president of Paris Peace Forum
Al Jarwan was elected by a unanimous vote during a meeting held in Paris.
- Al Jarwan was elected by a unanimous vote during a meeting held in Paris
- The forum has been a key international platform for promoting peace and tolerance
Business
Dubai sees $1.9b weeklong real-estate transactions
The Dubai Land Department or DLD said the emirate saw a total of 1,850 real-estate transactions over the seven-day period.
- A total of 166 plots were sold for AED1.01 billion ($275 million) in the emirate over the week
- Also, 1,684 apartments and villas were sold in the same timeframe, for AED 3.83 billion ($1.04 billion)
Business
Saudi Arabia: Diriyah Square will host over 450 of the finest global brands
Diriyah Square has been billed as an icon of DGDA projects, due to its unique attractions and luxurious modern lifestyles.
- Diriyah Square has been billed as an icon of DGDA projects, due to its unique attractions and luxurious modern lifestyles
- The project will apply timeless Najdi-inspired architecture and design principles that reflect the profoundness and antiquity of Saudi culture
Economy
Dubai ranks first in Arab world in Innovation Index
The report also highlights that 2014 saw the launch of the first Dubai Innovation Index, which was the first-of-its-kind city...
- The report, entitled The Road to Recovery through Resilience and Innovation, examined 39 cities
- Singapore and Hong Kong maintained their first and second places on the Index respectively
Geostrategy
Israel Aerospace Industries to open office in UAE
The new office will strengthen IAI's growing cooperation with the local and regional governments, industries, companies, and academia, and will...
- The office opens following the company's historic participation at the Dubai Airshow
- The development is a testament to IAI’s growing collaboration with the UAE and the region as a whole
Arts & Culture
Saudi Fashion Commission to host Global Fashion Exchange in Riyadh
The GFX Swap Shop represents the latest development for the Fashion Commission as they continue to spearhead the growth of...
- The GFX Fashion Swap will take place at Personage concept store in Riyadh on December 11 and 12
- The swap is built upon a simple yet effective concept; no money changes hands and everyone is invited
Business
dnata expands to Africa
It has set up operations in Zanzibar with $7m investment.
- dnata has signed an agreement for the operations of the newly international terminal of the Zanzibar Abeid Amani Karume International Airport
- It has said it will also create 400 new jobs at the airport
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
Relations with Iran will be strong, says Saudi envoy
TEHRAN, IRAN - Saudi Arabia's Ambassador to Iran Abdullah bin Saud al-Anzi has said that relations between the two countries...
Geostrategy
Company News
Flyadeal adds A320neo to fleet
Business
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GIS, DIH mull merger
Business
UK in talks with Qatar and Norway to import energy
Amid crippling energy shortages, the British government is negotiating with Qatar and Norway to secure new long-term gas contract, according...
Business
Investopia partners discuss investment opportunities in ME region
The discussions took place during a business session held in collaboration with Abu Dhabi Department of Economic Development.
Business
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Business
Alpha Pharma signs MoU for plasma
It becomes first Saudi firm to enter plasma products' field in GCC region.
- Under the MoU, Biotest AG will provide the knowledge and technical expertise and supply plasma medicines to Saudi until Alpha Pharma becomes capable of producing them.
- Biotest AG will continue to guarantee the supply of plasma-derived products to the kingdom through the supply and distribution agreement with Cigalah Healthcare.
Business
Burjeel IPO raises $300m
VPS Healthcare Holdings will continue to own a 70 per cent stake.
- Oversubscribed 29 times, the total gross demand for the IPO was more than AED32 billion ($8.7 billion).
- Based on the Final Offer Price, Burjeel’s market capitalization upon listing is expected to be approximately AED10.4 billion.
Economy
S&P says UAE non-oil economy posts growth in September
S&P Global's latest data reveals that the UAE has recorded a strong growth in business across the non-oil economy even...
- August had recorded a slightly higher PMI of 56.7, but S&P considers any readings above 50 as growth while those below 50 are marked as contraction
- S&P noted that firms also encountered relatively mild price pressures, as input costs rose only slightly after a renewed fall in August