UN says over 700,000 displaced within Sudan since beginning of conflict
Heavy fighting in Sudan has displaced 700,000 people within the country since the middle of April, the United Nations said,...
Geostrategy
UAE minister calls for using digital tech in building peace
New York, USA - Omar Sultan AlOlama, UAE's Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Applications,...
Geostrategy
MG Cars unveils first ever all-electric SUV in Qatar
The electric car is capable of travelling for 335km NEDC on a single battery charge
- Stylish, compact SUV is first pure electric model from MG in the Middle East
- The electric car is capable of travelling for 335km NEDC on a single battery charge
#HelpTurkey: Hashtag sparks culture war over Turkish fires
It looked innocent enough. As Turkey burned, ravaged by its deadliest and most destructive wildfires in living memory, #HelpTurkey began...
- The uproar stemmed in part from Erdogan's proud nationalism, and in part from a perception among his opponents that cronyism and corruption were taking root
- In self-defence, the government is promoting a narrative that #HelpTurkey is being fanned by "sock puppets" -- fake accounts designed to manipulate public opinion
Ships violating seafarers’ rights can’t enter UAE waters
The country launches 'Supporting Our Blue Army' initiative that will seafarers overcome the challenges arising out of the pandemic, travel...
- Launch of ‘Supporting Our Blue Army’ initiative to protect rights of seafarers with ship owners and companies.
- Expected to have global impact, it will also help seafarers overcome the challenges arising out of the pandemic, travel restrictions.
Economy
Retail coffee prices rise as frost hits Brazil produce, freight costs go up
Arabica coffee on the ICE Futures US exchange has doubled in price over the last 12 months
- The Covid-19 which caused shipping logjams has also contributed to cost escalation by pushing the freight costs to record levels
- Arabica coffee on the ICE Futures US exchange has doubled in price over the last 12 months
Arts & Culture
Saudi borders reopen for vaccinated pilgrims
Authorities in the ministry responsible for coordinating foreign pilgrims will from Monday begin "gradually receiving Umrah requests from various countries...
- Before Sunday's announcement, only immunised pilgrims resident in Saudi Arabia were eligible for umrah permits
- The umrah is a pilgrimage that can be undertaken at any time -- distinct from the hajj, which takes place once annually
Ancient pharaonic boat taken to Egypt’s grand new museum
Egypt has pinned its hopes on a series of recent archaeological discoveries to revive its vital but ailing tourism sector
- Solar boats were buried in pits next to royal burial chambers in the belief that they would transport the departed into the afterlife
- Egypt has pinned its hopes on a series of recent archaeological discoveries to revive its vital but ailing tourism sector
Hezbollah chief vows ‘proportionate’ response to any Israel air strike
Hezbollah leader Hassan Nasrallah described the air strikes this week as a 'very dangerous development'
- Hezbollah leader Hassan Nasrallah described the air strikes this week as a 'very dangerous development'
- Israel carried out its first air raids on Lebanese soil in years on Thursday, prompting Hezbollah to fire rockets back at the Jewish state the following day
Aramco likely to post bumper profit for Q2
Aramco is expected to post a bumper profit for the second quarter of this fiscal on the back of high...
- Bank of America predicts a net profit of $24 billion in the second quarter, up 16 percent from the previous three months
- JPMorgan estimates $23.7 billion, while Alrajhi Capital is expecting Aramco to report $25.3 billion
Covid infects unvaxxed Saudis galore
Saudi Arabia’s health officials are warning people that Covid-19 was spreading rapidly among unvaccinated in the kingdom.
- Transmission among unvaccinated people increases the possibility of new versions or variants, which have prolonged the pandemic
- The kingdom announced 14 deaths from COVID-19 on Friday bringing the national death toll to 8,311
SVC provides 75 startups with nearly $250m
Saudi Venture Capital Company (SVC) has funded nearly 75 startups since its birth in 2018, providing them with about $250...
- SVC has $750 million to invest and has deployed around $250 million thus far: CEO Nabeel Koshak
- The company is currently focusing on sectors that lack funding, such as the health and industrial sector: Koshak
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
UN says over 700,000 displaced within Sudan since beginning of conflict
Heavy fighting in Sudan has displaced 700,000 people within the country since the middle of April, the United Nations said,...
Geostrategy
Company News
EGA holds wearable tech trial
Business
Latest News
Qatar to invest $3bn in beleaguered Pakistan economy
The United Arab Emirates this month said it would invest $1 billion in Pakistan and, according to reports, Saudi Arabia...
Geostrategy
Abu Dhabi trainee doctors to benefit from Canada healthcare programs
Abu Dhabi's trainee doctor specialists, as part of Emirates academic healthcare training institutions, will now have access to Canada’s accredited...
Geostrategy
Saudi Arabia’s merchandise exports in June up 75 percent: GASTAT
Saudi Arabia’s merchandise exports during June 2022 increased by more than 75 percent to 148 billion riyals ($39.37 billion) compared...
Economy
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Business
Majid Al Futtaim H1 EBIDTA $517m
The EBITDA rose 18 percent from $435 million a year ago.
- Majid Al Futtaim said it recorded a 73 percent rise in digital grocery retailing and opened Carrefour UAE’s first BIO store.
- The conglomerate said in a statement that it recorded a 15 percent increase in revenue to AED18 billion.
Business
Real estate deals worth $381 million recorded in Dubai Tuesday
Dubai real estate market recorded deals worth AED1.4 billion ($381 million) on Tuesday, including 387 sales transactions worth AED1.15 billion....
- The transactions also included 68 mortgage deals of AED149.38 million, and 85 gift deals amounting to AED140.85 million, data released by Dubai's Land Department (DLD) showed.
- The sales included 336 villas and apartments worth AED913.23 million, and 51 land plots worth AED241.01 million.
Economy
Saudi Arabia’s new tourism law to build globally competitive tourism sector
With the new legal framework, the Ministry of Tourism will have greater control of the quality of tourism services offered...
- With the new legal framework, the Ministry of Tourism will have greater control of the quality of tourism services offered within the kingdom
- The law also extends the tourism ministry’s remit for swift collaboration with government entities to mitigate risks and manage crises.