Al Rajhi Bank becomes AFC Asian Cup Saudi Arabia 2027 regional partner
Dubai, UAE -- Saudi Arabia's Al Rajhi Bank has been named an exclusive regional partner of the AFC Asian Cup...
Geostrategy
Trump signs order allowing US Govt access to AI models before public release
The measure establishes a new cybersecurity clearinghouse involving federal agencies and industry partners, reflecting growing concerns about advanced AI systems'...
Geostrategy
Science
UAE Cyber Security Council: Over 12,000 Wi-Fi breaches recorded in UAE since start of year
Abu Dhabi, UAE -- The UAE Cyber Security Council (CSC) has warned of the serious risks posed by using open...
- According to the Council, these incidents account for nearly 35% of the total cyberattacks reported in the UAE
- It counselled vigilance when connecting to free or unsecured Wi-Fi networks, stressing that users should adopt safe practices
Business
Creators HQ attracts 2,415 active members from 147 countries
Dubai, UAE -- Dubai’s Creator HQ, the first headquarters for content creators in the UAE and the Middle East, has...
- The initiative aims to position the UAE as a global hub for the content economy, with a target of 10,000 creators in its next phase.
- The headquarters also reports that 78 global content companies from 24 countries have relocated to the UAE.
Business
Buraidah date carnival boosts Saudi tourism and economy
Buraidah, Saudi Arabia -- The Buraidah Date Carnival witnessed growing economic and tourism activity, making it a key destination for...
- The event combined morning date auctions with a variety of cultural and entertainment activities held in the evening at the King Khalid Cultural Center.
- The carnival offered visitors the chance to explore Buraidah’s historical and cultural landmarks through tourist bus tours.
Geostrategy
ATP and Saudi Arabia’s PIF launch new tennis tech platform
NEW YORK and RIYADH — The ATP Tour, in a landmark partnership with the Public Investment Fund (PIF), has unveiled...
- Next-generation analytics platform set to revolutionize player performance and level the playing field across all levels of the sport.
- Groundbreaking partnership with PIF accelerates the development and scale of ATP Tennis IQ, ushering in a new era of data-driven excellence.
Science
Austrian university develops technique to renew buildings without demolition
Vienna, Austria - A research team from Graz University of Technology in Austria has succeeded in developing an innovative fastening...
- The system enables the connection and disassembly of building components with ease, allowing the separation of long-term structural elements from shorter-lived components
- The project won the gold medal in the scientific research competition under the sustainability category and is regarded as a pioneering step towards smart construction
Economy
US developers report half of new electric generating capacity will come from solar
Washington, United States - Developers added 12 gigawatts (GW) of new utility-scale solar electric generating capacity in the United States...
- Battery storage, wind, and natural gas power plants account for virtually all the remaining capacity additions for 2025, the survey noted
- About 27% (3.2 GW) of the solar capacity added so far in 2025 is in Texas, and developers plan to bring another 9.7 GW of solar online in Texas in the second half of this year
Geostrategy
Israel approves major West Bank settlement project, sparks international outcry
Israel has long had ambitions to build on the roughly 12-square-kilometre parcel known as E1 just east of Jerusalem, but...
- Critics say the settlement would effectively cut the West Bank in two, undermining hopes for a contiguous Palestinian state with east Jerusalem as its capital.
- UN chief Antonio Guterres warned last week that constructing Israeli homes in the E1 area would "put an end to" hopes for a two-state solution to the Israeli-Palestinian conflict.
Economy
Gross national income of GCC countries hits $2.143 trillion
Muscat, Oman -- The latest data released by the Statistical Centre for the Cooperation Council for the Arab Countries of...
- The value of disposable national income (available for consumption and savings after deducting taxes and other transfers) amounted to US$1.989 trillion.
- The data indicate that the contribution of the non-oil sector to the GCC’s Gross Domestic Product (GDP) at current prices rose to 71.5 percent by the end of 2023.
Business
TAQA H1 net income $1bn
The group's revenue reached $7.73 billion.
- This growth was led by higher pass-through costs in the Transmission & Distribution (T&D) segment.
- The group reduced its gross debt position to AED61.7 billion, enabled by scheduled repayments and the maturity of a corporate bond.
Economy
Dubai GDP grows by 4 percent to reach $32.58 billion in first quarter of 2025
Human Health and Social Work activities registered the highest growth rate, rising 26 percent compared to the same period last...
- Real Estate activities grew by 7.8 percent, while financial and insurance activities expanded by 5.9 percent.
- Accommodation and food service activities recorded a 3.4 percent increase, and transport and storage rose by 2 percent.
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
Al Rajhi Bank becomes AFC Asian Cup Saudi Arabia 2027 regional partner
Dubai, UAE -- Saudi Arabia's Al Rajhi Bank has been named an exclusive regional partner of the AFC Asian Cup...
Geostrategy
Company News
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Arab Parliament, Muslim nations slam Huckabee’s Middle East remarks
Mohammed bin Ahmed Al Yamahi, Speaker of the Arab Parliament, stressed that any talk of control over the occupied Palestinian...
Geostrategy
Abu Dhabi records real estate deals worth $38.7 billion in 2025
Abu Dhabi, UAE -- Abu Dhabi’s real estate market recorded transactions worth a record AED 142 billion ($38.7 billion) in...
Business
Trump launches Gaza ‘Board of Peace’ with $10 billion pledge, outlines vague ambitions
Speaking in Washington before representatives from nearly 50 countries, Trump said nine member states had committed more than $7 billion...
Geostrategy
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Geostrategy
Geneva talks loom as Trump backs regime change and redeploys second US carrier
The Pentagon confirmed that the USS Gerald R. Ford is being moved from the Caribbean toward the Middle East, a...
- The addition of a second carrier significantly expands US air power, surveillance capability and rapid strike options in the Gulf and surrounding waters.
- Gulf states, long wary of escalation between Washington and Tehran, have urged restraint while quietly bolstering their own security postures.
Geostrategy
Citizen-consumers are redefining the global reputation of multinationals: Ipsos study
The report, Impacts of Multinational Corporations: What Citizen-Consumers Want from Foreign Companies Doing Business in Their Country, draws on a...
- Despite regional differences, one expectation stands out globally: people want multinational corporations to contribute to local economies.
- This economic focus was particularly pronounced in developing and emerging markets, including many countries in the Middle East, North Africa, and Latin America.
Web Summit Qatar 2026 in Doha draws 30,000 participants, global tech leaders
The summit features a high-profile lineup of speakers, including Canva co-founder Cliff Obrecht, IBM Chief Impact Officer Justina Nixon-Saintil, Twitch...