Saudi Arabia, UAE rank among top 20 nations globally for AI talent density
With the goal of becoming one of the world’s top 10 countries in AI research and application by 2030, Saudi...
Economy
Mawani adds FRS1 shipping service to Jeddah Islamic Port
Jeddah, Saudi Arabia -- The Saudi Ports Authority (Mawani) has added CStar Line's new Far East-Red Sea service (FRS1) to...
Business
Business
German government to stop unjustified energy price increases
BERLIN, GERMANY - The German government aims to put a stop to energy price hikes it sees as unjustified with...
- Price increases are to be prohibited until the end of 2023 - unless the supplier can prove "that the increase is objectively justified".
- A justification could, for example, result from "market-based price and cost developments".
Geostrategy
UN report warns global food crises likely to increase
ROME, ITALY - The world's ability to nourish its burgeoning population is under threat and without broader socioeconomic and environmental...
- The report identifies the issues at stake and the threats and problems that have an impact on future food consumption and agrifood production.
- The report urges decision makers to think beyond short term needs.
Arts & Culture
UAE embroidery art Al Talli makes it to UNESCO heritage list
Al Talli features decoration of collars, hems and cuffs of clothes using cotton or silk threads, intertwined with gold and...
- It is distinguished by intricate designs and vibrant colours inspired by the local environment.
- The most well-known ‘Al Talli’ designs include ‘Sayer Yaay’ (coming and going’), ‘Bu Khostain’ – or ‘Bu Futlatayn’ – (double strand).
Business
Fans without tickets can attend World Cup matches after group stage ends
Doha, Qatar---World Cup fans without tickets can travel to Qatar and watch the rest of the matches after the group...
- Qatari authorities said Early December feature, which allows fans without tickets to apply for a Hayya Card, will be valid after midnight on Dec. 2.
- Fans will need to show proof of accommodation and pay an entry fee of QAR 500 ($137) to obtain the Hayya Card and enter Qatar. Children under 12 will not be charged.
Geostrategy
Ukraine welcomes Russian oil price cap agreed by EU, G7
Ukraine welcomed a US$60 price cap on Russian oil agreed by the EU, G7 and Australia, saying it would "destroy"...
- Poland had refused to back the price cap plan over concerns the ceiling was too high.
- The embargo will prevent shipments of Russian crude by tanker vessel to the EU, which account for two thirds of imports.
Business
US unveils high-tech B-21 stealth bomber
PALMDALE, UNITED STATES - The United States on Friday unveiled the B-21 Raider, a high-tech stealth bomber that can carry...
- Many specifics of the aircraft are being kept under wraps.
- The plane will offer significant advances over existing bombers in the US fleet.
Economy
Jordan to elect commerce chamber boards in poll
Amman, Jordan— The commercial sector across Jordan will go to the polls on Saturday to choose representatives in the boards...
- The number of voters entitled to participate in the voting process is 27,982 merchants
- Twenty-three others will run for the elections of the ten commercial sectors that will join the Jordan Chamber of Commerce board of directors
Arts & Culture
VOX Cinemas unveils debut slate of original Arabic films
Diverse line-up of movies features local stories from new and established storytellers from Saudi Arabia, Egypt, Lebanon and UAE.
- Diverse line-up of movies features local stories from new and established storytellers from Saudi Arabia, Egypt, Lebanon and UAE
- VOX Cinemas will join forces with Sirb Productions, sister company of Myrkott Animation Studio, to produce a Saudi comedy
Economy
Saudi Arabia eyes hosting AFC Women’s Asian Cup 2026
Riyadh, Saudi Arabia— Saudi Arabia has submitted its bid to host the AFC Women’s Asian Cup 2026, a key moment...
- Saudi Arabia’s move to bid for the upcoming AFC Women’s Asian Cup builds on its expression of interest earlier this year
- The kingdom has embraced transformation at pace, and growing women’s leadership in sport is a crucial element
Geostrategy
G7, EU agree oil price cap to reduce Russia war funding
The price cap is designed to make it harder to bypass the sanctions by selling beyond the EU. Poland's ambassador...
- The price cap, negotiated between the G7 group and the European Union, will come into effect with an EU embargo on Russian crude oil from Monday
- The embargo will prevent shipments of Russian crude by tanker vessel to the EU, which account for two thirds of imports
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Saudi Arabia, UAE rank among top 20 nations globally for AI talent density
With the goal of becoming one of the world’s top 10 countries in AI research and application by 2030, Saudi...
Economy
Company News
UAE, Korean firms ink pact
Business
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ENEC, X-energy sign agreement
Business
RTA inks agreement to develop entry/exit points for Dubai Harbor
DUBAI, UAE - The Roads and Transport Authority (RTA) of the Emirate has entered into a strategic partnership with ‘Shamal...
Geostrategy
Number of visitors to Qatar rises 31.9 percent in December, says report
DOHA, QATAR - The total number of inbound visitors to the country reached about 519 thousand in December 2023, recording...
Economy
UAE allocates US$5m for UN’s humanitarian efforts in Gaza
ABU DHABI, UAE – As per the directives of President Sheikh Mohamed bin Zayed Al Nahyan, Minister of Foreign Affairs...
Geostrategy
Most Read
Economy
Qatar Central Bank issues treasury bills, sukuk worth US$686m
DOHA, QATAR - The Qatar Central Bank issued treasury bills and sukuk with maturities of one week, one month, three...
- The Qatar Central Bank said the total bids for the treasury bills and Sukuk amounted to US$2.2 billion (QR 8.275 billion).
- QCB issued treasury bills and Sukuk with maturities of one week, one month, three months, six months and nine months.
Business
Number of millionaires in BRICS likely to rise by 85 percent in 10 years, says report
DUBAI, UAE - The total investable wealth currently held in the BRICS bloc amounts to US$45 trillion and its millionaire...
- There are currently 1.6 million individuals with investable assets of over US$1 million in the leading emerging economies.
- The UAE’s millionaire population has shot up since 2013, by 77 percent, and is now home to 116,500 millionaires
Business
Spain urges WTO meet in UAE to address de-globalization
ABU DHABI, UAE - Madrid wants the upcoming 13th Ministerial Conference (MC13) of the World Trade Organization (WTO) here next...
- The ministerial meeting (MC13) will convene representatives of 164 nations and trading blocs.
- MC13 will seek key reforms to the global trading system, including expanding WTO membership .