Saudi Tourism Authority, Trip.com Group sign global agreement
BERLIN, GERMANY – Saudi Tourism Authority (STA) and Trip.com Group have announced a significant global partnership, which will drive greater...
Business
Saudi Arabia to imprison, fine people for helping, employing illegal immigrants
RIYADH, SAUDI ARABIA – The Directorate of Public Security stressed that anyone who facilitates the entry, transfer or employment of...
Geostrategy
Economy
Egyptian Exchange rises on buying by FIIs
The market capital gained about $0.60 billion to close at $35 billion, amid transactions worth $0.08 billion.
- The market capital gained about $0.60 billion to close at $35 billion, amid transactions worth $0.08 billion
- The broader EGX 70 EWI index of the leading small and mid-cap enterprises (SMEs) increased by 1.37 percent, ending at 2,550.95 points
Business
Global Data Dialogue summit in Dubai to discuss AI, public policy, media
The summit will bring together data leaders, high-level government officials, entrepreneurs, technologists, scientists and journalists to engage in dialogue on...
- The summit will bring together data leaders, high-level government officials, technologists, scientists and journalists to engage in dialogue on making data a global good
- Participants will be provided opportunities to network, and participate in plenary sessions, flash talks and a fact-checking workshop
Economy
Egyptian LNG exports will exceed 8 million tonnes in 2022: Minister
Ninety percent of Egyptian LNG exports will be destined for European Union countries, El Molla said.
- Ninety percent of Egyptian LNG exports will be destined for European Union countries, El Molla said
- He said the companies will focus on reducing emissions from production operations while stepping up their activities
Economy
Rate cuts may help in avoiding chronic recession
It is logical for the FRB to halt the wave of escalation of interest rates on the dollar, which was...
- The Federal Reserve may reverse its policies and reduce interest rates to ensure preservation of the US and global economies, says an economist
- It is logical for the Fed Reserve to pursue it policy in halting the wave of escalation of interest rates on the dollar, Qatar-based Bashir Al Kahlout adds
Business
Global economic crisis takes fizz out of MENA startups
MENA startups had begun the year with a deluge of funding from investors, but toward the year end a dark...
- The startups in the region have raised more than $2.5 billion this year and made more than 500 deals, according to estimates
- The UAE raised $460 million in 24 deals in October, a huge boost compared to the country’s $27 million raised in September
Business
NEXT50 unveils platform for firms to maximize their business values
Abu Dhabi, UAE -- NEXT50 today launched PLATFORM50, a one-stop-shop solution for organizations to maximize business value and address tomorrow’s...
- PLATFORM50 is designed to support organizations as they accelerate the adoption of AI, advanced analytics-based solutions, and automation.
- AI is set to contribute up to $15.7 trillion to the global economy in 2030 and $320 billion to the Middle East alone.
Geostrategy
Jordan to receive $845 million in aid from the US
The United States will provide Jordan with over US$845 million in annual financial support, officials in Amman said as the...
- The Hashemite kingdom is a key Western ally in the Middle East.
- In September, the US committed to providing Jordan with $10.15 billion in aid between 2023 and 2029.
Videos
Saudi Aramco only behind Apple in market cap
The world's largest producer of oil and world's most profitable company marginally overtook Apple with a market capitalization in excess...
- Technology companies have dominated the top five, with four companies being from this sector in the past 10 years.
- Though primarily owned by the state, the energy giant raised $29.4 billion in an Initial Public Offering in 2019.
Economy
Mohammed bin Rashid approves Dubai rural area development master plan
DUBAI, UAE - Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai has approved the...
- The Plan seeks to preserve the nature of areas including Lehbab, Margham, Al Marmoom, Al Lisaili, Al Faqaa and Al Aweer.
- It also aims to offer a unique touristic experience and transform each area into a key tourist destination in the emirate.
Business
Dubai plans to set up country-specific councils to boost non-oil foreign trade
Dubai, UAE---Dubai Chambers unveils plans to establish new country-specific business councils operating in the emirate and expand their roles to...
- The announcement was made by Abdul Aziz Al Ghurair, Chairman of Dubai Chambers at the Diplomatic Circle Dinner 2022.
- More than 150 ambassadors, consul generals and commercial attachés were present at the Diplomatic Circle Dinner 2022.
Saudi Tourism Authority, Trip.com Group sign global agreement
BERLIN, GERMANY – Saudi Tourism Authority (STA) and Trip.com Group have announced a significant global partnership, which will drive greater...
Business
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Saudi EXIM Bank, Obeikan AGC ink pact
Obeikan AGC Glass will have an export credit insurance policy.
Business
Dubai Customs logs 13% growth in transactions in first nine months of 2023
DUBAI, UAE – Dubai Customs has experienced a robust 13 percent increase with 21.6 million transactions during the first nine...
Economy
Israel police claim Hamas was not aware of a music festival on October 7
DUBAI - An investigation carried out by Israeli police has concluded that Hamas, involved in the October 7 attack, had...
Geostrategy
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Geostrategy
Blinken calls on Israel to stop settler violence in West Bank: Report
Israeli settler violence has increased significantly since the outbreak of the ongoing Israeli genocide campaign in Gaza, rising from an...
- Blinken said there is urgent need for affirmative steps to de-escalate tensions in West Bank, which includes curbing settler violence
- Blinken’s comments came as Israeli occupation forces carried out raids in the occupied West Bank and continued its raids of several of Gaza’s major hospitals
Business
$5.8bn worth deals signed in first four days of Dubai Airshow 2023
DUBAI, UAE – Tawazun Council signed 16 deals, worth US$1.3 billion (AED 4.87 billion), with local and international companies on...
- The first day saw announcement of contracts worth US$1.2 billion and the second day US$1.8 billion
- The total value of contracts announced on third day stood at US$1.3 billion
Business
UAE defense ministry orders 100 REACH-S unmanned aircraft from EDGE
DUBAI, UAE - EDGE, one of the world's leading advanced technology and defense groups, announced its first major order from...
- ADASI, an EDGE entity which designs and develops autonomous systems, will oversee the production and deliver the contract to the UAE Armed Forces.
- The REACH-S will provide the UAE Armed Forces with a cost-effective, 24-hour intelligence, surveillance and reconnaissance (ISR) capability.