Cementing ties: Iran invites Saudi Arabia’s king to visit Tehran
The two countries had severed ties seven years ago after Saudi Arabia executed a revered Saudi shia cleric Sheikh Nimr...
Geostrategy
Abu Dhabi QCC drives emirate’s infrastructure development in 2022: Report
Abu Dhabi, UAE - Abu Dhabi Quality and Conformity Council (QCC) has made strides in developing the quality infrastructure of...
Business
After PM, Tunisia president fires defence minister
Saied, who under the constitution controls the armed forces, warned his opponents against taking up arms, threatening that if anyone...
EITC’s Q2 net increases 11.4% to AED240m
Dubai-based company's capital expenditures stood at AED649 million during the quarter.
Lebanese lawmakers pick Najib as new prime minister
Mikati, seen by many as a symbol of Lebanon's corrupt oligarchy, will pick up where Saad Hariri left off earlier...
Biden meets Kadhemi, calls for end to Iraq combat operations
With the Iraqi PM at his side, US president said that his country is "committed to our security cooperation" and...
Two out of three in Syria are food-insecure, says WFP
Germany has donated €109 million ($128.73 million) to “support 4.8 million Syrians to access lifesaving food and over 600,000 children...
Iran sees water protests in Tehran, again
The demonstration was a spillover from protests in the oil-rich Khuzestan province, where water protests began more than 10 days...
One out of every three cyberattacks in Bahrain hit corporates
About 36.8% of the 523 attacks were aimed at corporate entities and their employees during the first half, Russian-origin cybersecurity...
ADIO signs new partnership deals under $545m Innovation Program
The Abu Dhabi Investment Office (ADIO) will provide technology companies Callsign, Lyve and RIZEK financial and non-financial incentives, including rebates...
WHO chief hails Bahrain efforts to combat Covid-19
Bahrain has seen more than 269,000 Covid-19 cases of the pandemic, which has resulted in 1,383 deaths
BCCI announces remaining IPL match schedule across UAE
The 31 remaining matches of this year’s IPL will be spread across Abu Dhabi, Dubai, and Sharjah
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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
Cementing ties: Iran invites Saudi Arabia’s king to visit Tehran
The two countries had severed ties seven years ago after Saudi Arabia executed a revered Saudi shia cleric Sheikh Nimr...
Geostrategy
Company News
Latest News
Weeklong real estate transactions in Dubai amount to $2.8bn
The real estate and properties transactions valued at $2.8 billion (AED10.3 billion) in total during the week ending 19 August...
Business
UAE gave foreign aid worth $3.5bn, says MoFAIC
The UAE is providing sustainable humanitarian aid worldwide, underscoring its commitment to promote regional, global peace and prosperity. As per...
Economy
Middle East nations to gain $1.3 trn in additional oil revenues by 2026: IMF
The gains, due to high oil prices, will provide 'firepower' to the region's sovereign wealth funds, said Jihad Azour, IMF's...
Economy
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Business
OPEC revises oil demand projection to 3.1mn barrels a day
The recent drop in oil prices reflects global concern over an economic slowdown and “masks physical market fundamentals," says OPEC...
- The recent drop in oil prices reflects global concern over an economic slowdown and “masks physical market fundamentals,” says OPEC secretary general
- He predicted a slowdown in demand growth in 2023 but said it should not be worse than what has already been experienced in the last two years
Geostrategy
Israel planning renewable energy projects in MENA region
The companies are also developing projects in Morocco, the UAE and Bahrain, along with Egypt and Jordan.
- The companies are also developing projects in Morocco, the UAE and Bahrain, along with Egypt and Jordan
- The plans follow two years after Israel normalized relations with the UAE, Bahrain and Morocco. Israel also signed a Free Trade Agreement with the UAE
Economy
Arab economies expected to grow by average 5.4 percent in 2022 : AMF
Oil-exporting countries in the Arab World will benefit throughout 2022 from the increased oil production quantities within the "OPEC+" agreement...
- Arab countries are expected to face relatively high inflation rates in 2022 due to a rise in food and energy prices and escalating inflationary pressures.
- The oil-importing Arab countries are expected to achieve a moderate 4.1 percent growth rate in 2022, compared to 2.7 percent in 2021.