UAE urges collective action for sustainable development at G20 ministers meeting in India
DUBAI, UAE – UAE Minister of Climate Change and the Environment Mariam bint Mohammed Almheiri highlighted the importance of collective...
Geostrategy
Saudi Arabia’s PIF sets up Sawani Company for camel dairy industry
RIYADH, SAUDI ARABIA - The Public Investment Fund (PIF) announced the establishment of Sawani Company to enable the growth of...
Business
Science
Saudi Arabia to ease Covid-19 measures from October 17
While the country has scrapped social-distancing, it has not done away with the mask mandate.
- Masks are not compulsory now in open places, but must be worn in closed places
- The authorities have allowed full capacity in gatherings, public places, means of transportation, restaurants, and cinemas
Business
Samsung AI course for UAE youth
The students will learn data science, probability, statistics, linear algebra, python
- The course will enable participants to learn AI modeling on a solid foundation of mathematics while developing a fluid understanding of AI projects
- The curriculum will also allow participants to experience ML tools and real-world problem solving with various exercises and practical projects
Business
Bahrain Grand Prix to open 2022 F1 season
The 2022 FIA Formula 1 World Championship will kick off at the Bahrain International Circuit.
- This will be the fourth time that the Formula 1 season will start in Bahrain
- The championship-opener was previously held at BIC in 2006, 2010 and in 2021
Economy
UN calls for ‘transformative action’ on World Food Day
UN Secretary-General Antonion Guterres has called for changes in the way the world produces, consumes, and wastes food. His remarks...
- Around 40 percent of the world — roughly 3 billion people — cannot afford a healthy diet
- The Covid-19 pandemic has left an additional 140 million people unable to access the food they need
Economy
Brazil’s Paraná emulates UAE to be a logistics hub: Governor
In an exclusive interview with WAM in Abu Dhabi, Carlos Roberto Massa Ratinho Junior said the economic relations between his...
- In an exclusive interview with WAM in Abu Dhabi, Carlos Roberto Massa Ratinho Junior said the economic relations between his state and the UAE are on an upswing
- In an exclusive interview with WAM in Abu Dhabi, Carlos Roberto Massa Ratinho Junior said the economic relations between his state and the UAE are on an upswing
Economy
Saudi non-oil exports post 37% record jump to SR125.3bn
Saudi Arabia’s non-oil exports rose 37 percent to a record SR125.3 billion in the first half of 2021, SPA reported....
- They increase by 8 percent in quantity, equivalent to 34.7 million tons, suggesting a rebound in prices as volumes returned to normal
- Saudi Arabia exported to 170 countries in the first half, led by SR17.0 billion of goods to the UAE
Geostrategy
UAE wins membership on UN Human Rights Council
The UAE has won membership on the UN Human Rights Council for the 2022-2024 term after obtaining 180 votes from...
- The UAE believes in the pivotal role played by the Council in the promotion and protection of human rights
- The country aspires to enhance cooperation and constructive dialogue and strengthen partnerships between countries to enrich its work
Economy
Egypt’s current account deficit widens in Q1 as imports surge
Egypt's current account deficit widened in the first quarter of the current financial year because of a surge in imports...
- A strong currency helped boost imports to $19.59 billion in the quarter from $13.83 billion a year earlier
- Two years earlier, before the pandemic, Egypt reported tourism revenue of $3.18 billion for the April-June period
Business
Dubai court directs Nissan to pay $354m to Al Dahana in damages
A court in Dubai has directed Nissan Motor Co. Ltd. and Nissan Middle East to pay $354 million as compensation...
- The case sought compensation for damages suffered due to breach of contract allegedly committed by Japanese automaker Nissan
- The Dubai court issued a precautionary attachment order over goods and moveables
Geostrategy
Blinken says US committed to the defense of Saudi Arabia
The US sees Saudi Arabia as a vital partner and America is committed to the defense of the Kingdom, US...
- Prince Faisal also praised the strong partnership between the two allies
- “Our relationship has delivered immense value for both of our countries, but not just for us, also for the region and for the world”
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UAE urges collective action for sustainable development at G20 ministers meeting in India
DUBAI, UAE – UAE Minister of Climate Change and the Environment Mariam bint Mohammed Almheiri highlighted the importance of collective...
Geostrategy
Company News
Latest News
Dubai realty market records realty deals worth $435m Tuesday
Dubai, UAE--- Dubai real estate market recorded realty deals worth AED 1.6 billion ($435 million) on Tuesday, according to Dubai...
Business
Arab democratization slides further in 2021
Tunisia, the only democracy to remain a democracy after the Arab Spring, may turn authoritarian if a draft constitution published...
Infographics
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Business
Mubadala discovers gas reservoir offshore Malaysia
Abu Dhabi, UAE---Mubadala Energy has discovered a good quality gas reservoir penetrated by the Cengkih-1 exploration well in Block SK320,...
- The company said preliminary analysis shows a significant gas column of more than 110 metres within the pinnacle carbonate reef reservoir.
- Mubadala Energy is the Operator of Block SK320, with 55 percent participating interest in the Production Sharing Contract.
Geostrategy
OIC Secretary General meets US Ambassador-at-large for religious freedom
The two discussed ties between OIC and the United States in view of the strategic dialogue meetings which took place...
- The two discussed ties between OIC and the United States in view of the strategic dialogue meetings which took place in Washington last May were reviewed.
- The meeting also exchanged viewpoints regarding the situations of Muslim societies and minorities in non-OIC countries and the phenomenon of Islamphobia.
Business
Al Sagr, Gulf Union may merge
The two insurance firms will have discussions on the merger.
- After the proposed merger is completed, Gulf Union Alahlia will issue new shares to Al Sagr Insurance shareholders in exchange for all issued shares of Al Sagr
- After the two will have conducted all necessary due diligence, Gulf Union Alahlia and Al Sagr will determine the share-for-share exchange ratio