UAE, Switzerland discuss enhancing bilateral relations
BERN, SWITZERLAND - The UAE discussed bolstering strategic relations and cooperation in various development, economic and financial fields of common...
Geostrategy
Flight carrying humanitarian aid from Red Cross lands in Sudan
KHARTOUM, SUDAN - A first Red Cross plane laden with humanitarian aid on Sunday landed in Sudan, where deadly clashes between...
Geostrategy
140 Palestinians injured in clashes at flashpoint West Bank village
Hundreds of Palestinians gathered in Beita, located in the north of the Israeli-occupied West Bank, to protest against the nearby...
Under new president, Tanzania to start vaccine rollout
The move was announced by Health Minister Dorothy Gwajima, who also called for other government leaders to play a role...
Turkey seeks change in UN climate change agreement
Turkey has sought a change in a UN climate framework so it won’t have to supply technology to developing countries
Saudi to extend permits, visas for expats until August 31
Saudi Arabia will automatically extend the validity of residence permits for expatriates outside the country until August 31
L&T wins contract for 132/11kV Dubai substation
L&T’s construction arm has won several orders in India and abroad, including one for a 132/11kV power substation in Dubai
Dewa, Stanford to build PV system at Al Maktoum Solar Park
Dewa and Stanford University will collaborate to develop an advanced system to forecast PV production at the Al Maktoum Solar...
Cyberattack ruled out in third Internet outage in two months
Another massive outage hits internet services on Thursday, July 22, affecting the websites of major companies across the globe.
Saudi Arabia wants to pump ‘every last molecule’ of oil
Energy Minister Abdulaziz bin Salman has said Saudi Arabia will pump out “every last molecule” of oil it has
Tunisia sees significant tourist influx despite rising Covid-19 cases
Tourists are flocking to Tunisia despite the country seeing its biggest surge in the number of Covid-19 cases and deaths
Lebanon water supply could collapse in 4-6 weeks, says Unicef
Unicef has estimated that water supply in Lebanon may collapse altogether over the next month and a half
UAE, Switzerland discuss enhancing bilateral relations
BERN, SWITZERLAND - The UAE discussed bolstering strategic relations and cooperation in various development, economic and financial fields of common...
Geostrategy
Company News
Latest News
GMC, Fix Network sign agreement
Twelve new service and collision repair centers will be set up in Saudi.
Business
SRC, Riyad Bank sign $133m deal
This is the second largest mortgage refinancing deal in the kingdom.
Business
Listed insurance firms’ in UAE net profits at $222m in H1 2022
The total premiums of insurance companies listed in local financial markets in the first half of 2022 increased by 7.64...
Business
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Economy
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...
- The total value of foreign aid provided by the UAE from the start of 2021 to mid-August 2022 amounted to $3.5 billion
- While Yemen accounted for most of Emirati aid with over $315 million, the list also included several Arab, Asian and Western countries
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...
- Recently, Saudi Arabia said it achieved a rare budget surplus of over $20bn in the second quarter of 2022, as oil revenues surged 90 percent compared to a year ago.
- Saudi PIF has invested over $620 billion in total, $7.5 billion alone in US stocks during the second quarter, when the share prices were relatively low.
Business
Saudi, Uzbekistan sign cooperation pact in several energy sectors
Saudi Arabia and Uzbekistan have signed an agreement to develop cooperation and exchange information and experiences in all fields of...
- They will develop cooperation and exchange information and experiences in all fields of energy though research and studies besides exchanging policies and laws related to these.
- The agreement was signed by the acting Minister of Energy Dr. Essam bin Saad bin Saeed and the First Deputy Minister of Energy of Uzbekistan Azim Ahmed Khojayev.