Global space economy is worth billions, say experts
ABU DHABI, UAE - The global space economy has great potential in terms of economic prospects, with the sector going...
Business
Geostrategy
GCC, Greece discuss ways to enhance joint cooperation
This was agreed upon during a session of talks held in Athens on Friday between the GCC Secretary General and...
- This was agreed upon during a session of talks held in Athens on Friday between the GCC Secretary General and the Minister of Foreign Affairs of Greece Nikos Dendias
- The meeting dealt with the strategic relations between the GCC and the Republic of Greece, and ways to enhance them in various fields
Expo 2020 DUBAI
Half million visitors to Saudi pavilion at Expo 2020 Dubai
The total number of visitors to the Saudi pavilion exceeded 30 percent of Expo 2020 Dubai's total number of visitors.
- The visitors are said to have been from various Arab and foreign nationalities
- High-level diplomatic delegations from various countries also visited the pavilion
Economy
Jordan launches weekly lottery to boost vaccination
Six lucky vaccinated people will each receive JD500 (around $705), provided that they had been inoculated in the week before...
- The lottery scheme was launched by the Jordan Radio and Television Corporation and the Association of Banks in Jordan
- The initiative is apparently aimed at incentivizing individuals to take the vaccine to immunize society as a whole
Geostrategy
Bahrain orders Lebanese envoy to leave in 48 hours
The decision closely mirrored that of Saudi Arabia, which too ordered the Lebanese ambassador to its country to return home.
- The decision was apparently taken ‘against the background of a series of unacceptable and offensive statements issued by Lebanese officials’
- This decision would not affect the Lebanese residents in Bahrain, the country’s Ministry of Foreign affairs has said
Geostrategy
Saudi submits bid to host World Expo 2030 in Riyadh
Russia, the Republic of Korea, Italy and Ukraine are other four countries that have submitted bids for the event in...
- Crown Prince Mohammed Bin Salman proposes “The Era of Change: Leading the Planet to a Foresighted Tomorrow” as the theme for the event.
- The Expo 2030 in Riyadh would coincide with the culmination of the Saudi Vision 2030, the Crown Prince's letter said.
Business
Damac board okays Maple buy
Maple is wholly owned by Damac ex-chairman Hussain Sajwani.
- Damac said its board of directors, other than Sofyan Al Khatib, had reviewed the expert advice on the deal
- It had appointed KPMG as an independent valuer, Arqaam Securities LLC as financial advisor, and Al Tamimi & Company as its legal advisor
Geostrategy
Lebanon to get Jordan’s electricity via Syria by 2022
The process of supplying Lebanon with electricity is expected to begin in early 2022.
- The amount of electricity to be supplied Lebanon will be nearly 150 MW from midnight until 6 am
- Jordan will also supply 250 MW to Lebanon during the remaining periods
Science
Qatar plans to reduce 25% greenhouse emissions by 2030
The 25 percent reduction would equal to a dip of 37 Mat CO2 eq by 2030, according to national figures,...
- The reduction said to be part of the National Climate Change Action Plan to reduce emissions in Qatar
- The plan is expected to take Qatar closer to achieving its sustainable development goal by 2030
Geostrategy
Riyadh ranks third smartest G20 capital, outperforms Paris and Hong Kong
Saudi capital Riyadh has been ranked as the third smartest capital among the G20 member states and the 30th smartest...
- Riyadh made qualitative progress on the IMD Smart Cities Index for 2021, as it jumped 23 ranks from last year.
- The Holy city of Madinah has been also included on the index as the second Saudi city after Riyadh, ranking 73rd in the world and fourth in the Arab world.
Economy
Saudi Arabia, Spain agree to build sustainable tourism
Saudi Arabia’s efforts to redesign the future of tourism accelerated this week with a string of major initiatives in Riyadh...
- Saudi Arabia’s efforts to redesign the future of tourism accelerated this week with a string of major initiatives in Riyadh this week
- Saudi puts tourism on the global stage for the first time at FII 2021, launching the Principles for Redesigning Tourism
Global space economy is worth billions, say experts
ABU DHABI, UAE - The global space economy has great potential in terms of economic prospects, with the sector going...
Business
Company News
DEWA H1 2022 revenue is $3.3bn
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IHC acquires stake in Kaylon
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Aramex H1 profit is $0.75 bn
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Business
Jada to promote startups
It will collaborate with Invest Seoul Agency for the venture.
Qatar Airways, British Airways expand partnership, form largest airline
The airlines have added 42 new countries to their shared network, including Italy, the Maldives, Norway, Singapore, and Sweden.
Business
UAE to relax COVID-19 restrictions from Sept. 28
The UAE will be relaxing COVID-19 restrictions nationwide which will come into effect starting September 28. Dr. Saif Al Dhaheri,...
Economy
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Business
Masdar, REW sign collaboration pact
The two firms will explore developing offshore wind projects.
- Masdar and RWE are shareholders in the London Array project, which has been operational since 2012.
- The wind farm has an operating capacity of 630 megawatts, powering more than half a million homes, while displacing almost 1 million tons of carbon dioxide emissions every year.
Geostrategy
UAE takes part in financial group meeting in Indonesia
The UAE recently participated in the fifth International Financial Architecture (IFA) Working Group meeting within the G20 Finance Track for...
- The meeting discussed issues related to global financial development and stability.
- UAE stressed on the need to work on a comprehensive regulatory framework for central digital currencies.
Infographics
UAE’s mobile internet fastest in Arab world
According to the Digital Quality of Life Index by VPN provider Surfshark, Denmark has the best digital quality of life...
- Denmark achieved 0.83 index points in 2021 (1 is the highest score). South Korea and Finland follow in a joint second place at 0.76 points.
- The index considers factors such as internet connection quality, internet affordability and e-security.