UAE delegation explores investment opportunities in US
“The United States is a long-standing trade and investment partner for the UAE – and an important ally in the...
Business
Pro-Iran groups welcome US declaration to end Iraq ops
Pro-Iran armed factions stand accused of carrying out around 50 rocket and drone attacks this year against US interests in...
Ecuador revokes Wikileaks founder’s citizenship
Ecuadorian authorities say his naturalisation letter had multiple inconsistencies, different signatures, the possible alteration of documents and unpaid fees, among...
Rich-poor gap widening due to unequal vaccine access: IMF
Advanced nations have vaccinated nearly 40 percent of the population, compared to barely 11 percent in emerging markets and a...
Earth’s ‘vital signs’ worsening as humanity’s impact deepens
Of 31 "vital signs" - key metrics of planetary health that include greenhouse gas emissions, glacier thickness, sea-ice extent and...
Palestinian killed by Israeli forces in West Bank: Palestinian authorities
Shadi Omar Lotfi Salim, 41, was shot dead near the flashpoint Palestinian village of Beita, the Palestinian health ministry said
16000 more Palestinians to get work permits in Israel
Jobs in Israel offer higher wages but Palestinians complain they do not get paid as much as their Israeli counterparts.
Three-year exit ban for Saudis breaking Covid-19 travel rules
Saudi Arabia has officially recorded more than 520,000 cases of coronavirus, of which 8,189 have resulted in deaths.
Saudi ICT infrastructure market set for 9% growth by 2030
The country’s ICT infrastructure market value stood at $1.54 billion in 2020, and is being fueled by several factors.
Saudi Arabia dairy market to grow at 5.66% CAGR
Valued at $5.72 billion in 2020, the market is expected to expand to $7.94 billion by 2026, said market intelligence...
Kuwait to lend Egypt more than $18 million to build two desalination plants
The two plants will be built in the new cities of Rafah and Bir al Abed in North Sinai.
Company News
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GIS, DIH mull merger
Qatar Central Bank has provided in-principle no-objection to both firms.
Business
Telecom Egypt and Orange Jordan’s CAB System to connect Iraq to Europe
Telecom Egypt, Egypt’s first integrated telecom operator and one of the largest subsea cables operators in the region, and Orange...
Business
Cross-currency payments face challenges
Cross-currency payments cut the need for foreign transaction fees for customers, encourage customer loyalty and reduce cart abandonment but they...
Business
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Economy
Dubai’s RTA reduces energy consumption by 18 percent
Director-General and Chairman of the Board of Executive Directors of the Roads and Transport Authority said that RTA had achieved...
- RTA had managed to reduce the total emissions by 13 percent and energy costs by 10 percent compared with the average consumption from 2016 to 2019.
- RTA has a roadmap that aims to achieve zero-emission from public transport in Dubai by 2050.
Economy
WGES 2022 to encourage investment in green projects
The 8th World Green Economy Summit (WGES), to be held in Dubai, will focus on developing investment partnerships in green...
- In WGES 2022 several heads of states and governments, experts from government and non-government sectors would participate.
- The summit would enable finding innovative solutions and financial tools that promote clean and renewable energy projects and sustain growth
Geostrategy
Help developing nations purchase Ukrainian grain: Guterres to rich nations
UN Secretary-General António Guterres has called for wealthier countries to help developing nations purchase Ukrainian grain as supplies begin returning...
- The Secretary-General also called for more action to ensure full global access to Ukrainian food products, and Russian food and fertiliser, through the Black Sea Grain Initiative.
- Guterres explained that getting more food and fertiliser out of Ukraine and Russia is crucial to further calm commodity markets and lower prices.