Real estate transactions in Ajman totaled US$408m in August
AJMAN, UAE – Real estate transactions in August achieved a growth of 61.5 percent compared to the same period in...
Business
Transfer of Iran’s unfrozen foreign assets to Qatari banks soon
TEHRAN, IRAN – The foreign minister of Qatar said the procedures for the transfer of Iran’s unfrozen foreign assets to...
Geostrategy
Economy
Libya polls ‘essential next step’ to peace: UN chief
Libya has seen several political and security crises since Muammar Gadaffi was overthrown a decade ago.
- UN Secretary-General António Guterres has urged national unity in Libya
- He has also called for people to overcome differences ahead of landmark presidential and parliamentary elections next month
Economy
Covid-19, conflict and costs pushing Syria beyond limits: WFP
World Food Program Executive Director David Beasley has warned that more people in Syria are in the grips of hunger...
- Some 12.4 million people — almost 60 percent of the population — apparently do not know where their next meal will come from
- This is said to be a 57 percent increase since 2019 and the highest number ever recorded in the history of Syria
Business
STR: Expo lifted Dubai hotel rates to 3-year high in October
Hotel occupancy rates in October stood at nearly 81.6 percent, with the average daily rate (ADR) at AED776.
- Hotel occupancy rates in October stood at nearly 81.6 percent, with the average daily rate (ADR) at AED776
- The tourist rush has been boosted by the Dubai Expo 2020 which is expected to attract 25 million business and tourist visits to the world fair
Business
Alba seeks solar project bids
The solar farm should have a capacity of more than 5 MW.
- The last date for tender purchase is November 30
- The deadline for technical bid submission is January 31 next year
Science
Insulin out of reach for many 100 years after its discovery: WHO
The main barriers to accessing the lifesaving medicine, namely high prices, low availability of human insulin, a market dominated by...
- The main barriers to accessing the lifesaving medicine, namely high prices, low availability of human insulin, a market dominated by just a few producers, and weak health systems.
- Insulin is the “bedrock” of diabetes treatment, and WHO is working with countries and manufacturers to expand access to everyone who needs it
Business
Jordan discusses investments with the UAE
The discussions took place during a meeting on Friday, November 12, in Dubai between Jordan’s Prime Minister Bisher Khasawneh and...
- The Jordanian prime minister affirmed that his country welcomes more Emirati investments in many vital sectors
- Meanwhile, the UAE said it would look forward to promote bilateral ties with Jordan
Geostrategy
Dr Abdullah Asiri chosen member of WHO panel on novel pathogen origins
Dr Abdullah Asiri, Saudi Arabia's Deputy Minister for Preventive Health, has been chosen as one of the members of the...
- Asiri, Saudi Arabia's Deputy Minister for Preventive Health, is one of the 28 members of the Scientific Advisory Group for the Origins of Novel Pathogens.
- Lebanese Dr Nada Ghosn is another expert from the Middle East chosen as the member.
Business
Saudi Arabian Airlines the least complained about carrier in kingdom
Saudi Arabian Airlines has been the least complained about airline in the kingdom during October 21, followed by Flyadeal. For...
- The kingdom's General Authority of Civil Aviation has classified airlines based on complaints submitted to it by passengers.
- King Khalid International Airport in Riyadh the least complained about airport in above 6-million-passenger category.
Business
Saudi stock market larger than kingdom’s economy: CMA head
The Saudi stock market is now larger than the Kingdom's entire economy — even without taking Aramco into consideration, the...
- With Aramco added, Tadawul's size is four times that of the economy
- He argued the great momentum of a large number of companies for direct listing is because the Kingdom was the first to apply the direct listing mechanism in the GCC region
Business
Emirates to display four-class A380 at Dubai Airshow
Emirates will put on a display at Dubai Airshow 2021 four-class configured A380 with premium economy class cabin, refreshed interiors...
- Emirates' latest generation Airbus A380 will be decorated with the unique 'United Arab Emirates 50' livery
- This year, all eyes will be on Dubai as the industry bounces back with global aviation and aerospace players reconvening in person to forge new partnerships
Real estate transactions in Ajman totaled US$408m in August
AJMAN, UAE – Real estate transactions in August achieved a growth of 61.5 percent compared to the same period in...
Business
Company News
Dallah reports 52% profit rise
Business
Qassim Cement’s profit tumbles
Business
Latest News
GCC renews pledge to deepen partnership with China
The Gulf Cooperation Council (GCC) has renewed its commitment to continue having a strong partnership with China in order to...
Geostrategy
Saudi Arabia holds GCC meeting to boost economic ties
Saudi Arabia hosted a meeting of the GCC Financial and Economic Cooperation Committee to broaden economic cooperation among the GCC...
Economy
IMF likely to open regional office in Saudi Arabia
IMF expects the Kingdom to become one of the world's fastest-growing economies, recording a growth of 7.6% this year
Economy
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Business
US Gecko Robotics set to establish international HQ in UAE
The Pittsburgh-based company is looking to establish a state-of-the-art manufacturing plant in Khalifa Industrial Zone Abu Dhabi.
- The Pittsburgh-based company is looking to establish a state-of-the-art manufacturing plant in Khalifa Industrial Zone Abu Dhabi
- Gecko Robotics is the latest to set up base in the UAE, joining UK tech company Gödel and food app development company Krush
Economy
Saudi banks provide $630 billion loans till August 2022
Riyadh, Saudi Arabia - Saudi bank loans granted to public and private sectors grew 15 percent by the end of...
- Private-sector lending also increased by 15 percent year-on-year to SAR 2.241 trillion ($600 billion).
- Loans granted to public non-financial institutions increased 26 percent YoY to SAR 117.1 billion ($31.14 billion).
Arts & Culture
Cultural policy vital for diversified economy, says UAE Minister
UAE Ministry of Culture and Youth participated in the UNESCO World Conference on Cultural Policies and Sustainable Development – MONDIACULT...
- UAE Minister of Culture and Youth Noura bint Mohammed Al Kaabi participated in a UNESCO world conference in Mexico via video conference.
- A delegation headed by Salem Al Qasimi, Permanent Delegate of the UAE to UNESCO, was present on the occasion.