Kuwait, UN sign MoU to enhance cooperation in counter terrorism
NEW YORK, US - Kuwait Ministry of Foreign Affairs and the United Nations signed a Memorandum of Understanding (MoU) aimed...
Geostrategy
Israel defiant amid global criticism over West Bank settlement expansion
UN Middle East envoy Tor Wennesland issued a warning on Monday against changes made by the Israeli government that will...
Geostrategy
Business
Mubadala mining JV unit sold
Matsa is a JV subsidiary of Mubadala and Trafigura.
- The deal is valued at €1.58 billion ($1.85 billion)
- It is expected to conclude in the first quarter of 2022
Geostrategy
Kuwait urges Iran to push for regional confidence-building
Iran’s moves could ultimately contribute to building regional relations based on mutual cooperation and respect.
- Kuwait said at the UNGA that Iran should Iran should work towards reducing tension in the Gulf region
- It urged Iran to also preserve safety, freedom, and security of maritime navigation
Arts & Culture
Sharjah turns to Italy to digitize rare manuscripts
The move will see the digitization of more than 2,500 rare Arabic manuscripts dating back to more than 450 years.
- The Sharjah Book Authority has turned to the Milan-based Italian library Veneranda Biblioteca Ambrosiana to digitize manuscripts
- VBA’s Arabic manuscripts collection is considered one of the most important in Italy
Science
UAE reviews food systems transformation at UN
The world must act, and act now, if we are to reach zero hunger by 2030, the UAE’s Minister of...
- There is no more time for planning in the run-up to 2030, which is designated the Decade of Action
- The combined efforts of all actors is necessary for the world to meet the UN’s Sustainable Development Goals
Analysis
2022 World Cup may help Qatar sustain growth
The projects initiated as part of hosting the tournament include the construction of eight stadiums, Doha Metro Rail, a new...
- Stadiums constructed for the world cup would be later given to local clubs for utilization
- QTA announced new tourism strategy which aims to attract 5.6 million visitors to Qatar annually by 2023
Business
China central bank says all crypto transactions are illegal
The bank has effectively sounded the death knell for digital currencies in China.
- The global values of cryptocurrencies including Bitcoin have massively fluctuated over the past year partly due to Chinese regulations
- The rulings have sought to prevent speculation and money laundering
Economy
UAE allots $17.6bn to housing project for Emiratis in Dubai
Dubai ruler and prime minister of the United Arab Emirates, Sheikh Mohammed bin Rashid Al Maktoum, has given approval for...
- Land plots allocated to Emirati housing projects in Dubai increased to 1.7 billion square fee
- Sheikh Mohammed issued directives to quadruple the number of Emiratis benefiting from the housing program from next year
Economy
UN starts program to give electricity, water to Lebanon
Helped by the UN, Lebanon will get fuel to keep its healthcare and water-supply facilities for the next three months.
- The plan It is expected to provide fuel to all public hospitals, primary healthcare centers, and dispensaries servicing the most vulnerable communities
- It is also expected to provide fuel to four water establishments to secure continuous water supply to about 2.3 million people across the country
Business
WSJ reports China preparing for Evergrande’s downfall
The Wall Street Journal, the top American newspaper, has reported that Chinese authorities are asking local governments to prepare for...
- Local governments have been ordered to assemble groups of accountants and legal experts to examine the finances around Evergrande's operations in their respective regions
- Both bonds would default if Evergrande fails to settle the interest within 30 days of the scheduled payment dates
Business
Canon to employ 30% women in KSA
The global camera maker aims to meet the target by the end of 2023.
- It has launched a “Women in Sales” internship program to further support the 2023 target
- The move is in line with national efforts to integrate more women into the Kingdom’s workforce
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
Kuwait, UN sign MoU to enhance cooperation in counter terrorism
NEW YORK, US - Kuwait Ministry of Foreign Affairs and the United Nations signed a Memorandum of Understanding (MoU) aimed...
Geostrategy
Company News
Al Seer targets 2-3m tons cargo
Business
Latest News
Work on world’s largest waste-to-energy project nearly completed
Dubai, UAE - Dubai Municipality said Monday 85 percent of of Dubai Waste Management Centre (DMWC), world’s largest waste-to-energy project,...
Business
UAE solar energy leader in Arab world
Arab countries are constructing solar and wind energy plants with a total capacity of 73.4 gigatons, which is nearly five...
Infographics
Abu Dhabi industrial sector registers 136 new licenses in H1
Abu Dhabi, UAE-- The registration of 136 new industrial licenses in the first half of 2022 points to a strong growth...
Business
Most Read
Science
UAE issues updated second NDC to reduce emission
The UAE Cabinet, headed by Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, approved...
- The new document outlines the country’s increased climate target of reducing greenhouse gas emissions by 31 percent.
- The reduction target translates into an absolute emission avoidance of 93.2 million metric tonnes of CO2e.
Economy
Qatar private sector exports up 21 percent in second quarter: Chamber
Qatar’s private sector exports during the second quarter of 2022 amounted to QAR 8.92 billion ($2.44 billion), a 21 percent...
- On a quarterly basis, it also surged 15.4 percent compared to QR 7.73 billion in Q1-2022.
- The report attributed the surge to the private sector’s ability to adapt to normal and abnormal economic conditions and to achieve rising growth rates.
Business
Costa Rica-UAE bilateral trade up by 292 percent since 2017: Minister
Abu Dhabi, UAE--Costa Rica's foreign minister Arnoldo Andre has said that the trade between his country and the UAE has...
- For the year 2021, the total trade between both countries reached $49.1 million.
- 37 Emirati companies have attended a Costa Rican trade fair to learn about the country's productive capacities and its export potential.