Energy transition led Saudi Arabia to halt oil expansion, says official
RIYADH, SAUDI ARABIA – The Kingdom's surprise decision to halt a planned expansion of its oil production capacity reflects ambitions to...Business Economy Geostrategy Global
WEF24: AI-generated drugs promise cost reduction
AI is playing a critical role across the biomedical spectrum, from accelerating drug discovery to improving care delivery systems, says...Business Health
Iran wants better relation with neighbors, says official
Since connecting with neighbors is of utmost importance in Iran’s foreign policy, the current administration has set a transparent framework...President Ebrahim Raisi has time and again emphasized the development of mutual ties with neighboring countries, said the official
The country's Ministry of Foreign Affairs has put on agenda several programs regarding its neighbors nations
Second anti-drug judge shot dead in 6 months in Iraq
Judge Ahmed Faisal was headed home in his car in the city of Amara when unknown assailants blocked his route...Drug consumption was rare in Iraq during the reign of dictator Saddam Hussein, with both users and dealers facing the death penalty if found guilty
But after his 2003 ouster it boomed across Iraq, which had long been a transit route for drugs going to Europe from Afghanistan and Iran
Data cover: GCC sees rise in cyber insurance demand
Compared to Europe and US, cyber insurance is a profitable proposition for GCC firms due to amenable market factors such...For the Gulf region, cyber insurance is still a viable and profitable proposition when compared to Europe, Asian and US markets
There has been an increase in demand from the SME and mid-market client pool as well as financial institutions in the region
Iran says Russia will invest $83.58m in Sirik power plant
Iran has confirmed that Russia will invest $83.58 million in Sirik power plant based in southern Iran.After discussions, the Russian Ministry of Finance agreed to invest in the 1400-megawatt (MW) gas-powered plant
Some seven Iranian companies are working in the project, employing 250 manpower directly and indirectly
Iraq keen to benefit from Egypt: Central Bank Governor
Iraq is keen to benefit from the Egyptian Investment Authority, the Governor of Iraq’s Central Bank Mustafa Ghaleb said on...Iraq’s Central Bank Governor Mustafa Ghaleb met Mohamed Abdel Wahab, CEO of the Egyptian General Authority for Investment and Free Zones
Mustafa Ghaleb praised "the development witnessed by the Arab Republic of Egypt in all sectors, especially the business and investment sector"
SHUAA helps Anghami to list on NASDAQ
Last year, the firm helped Anghami in arranging $30 million investment.SHUAA has been working closely with the Anghami team as an advisor and investor to further develop and secure the PIPE investment and deliver a successful listing on NASDAQ
Founded in 2012, Anghami is the first music streaming platform in the Middle East and North Africa (MENA)
Lebanon women get FAO grants to fund their businesses
Four women groups from the South, the North, Mount Lebanon, and the Bekaa received grants.The grants were disbursed under the project Support to Women’s Cooperatives and Associations in the Agri-food Sector of Lebanon
Funded by Canada, the project is implemented by the FAO and Lebanon’s Ministry of Agriculture and the General Directorate of Cooperatives
Saudi, UAE indices fluctuate through the week
From oil prices to company stocks buoyed by positive results, several factors resulted in changes in key benchmark indices.Emaar Properties’ 1.7 percent share price reduction weighed on the index on Tuesday as it fell 1 percent
With the Commercial Bank of Dubai up 8.4 percent and Emirates NBD Bank up 0.8 percent, the Dubai index recovered previous losses
Meta debuts ‘personal boundary’ tool to curb harassment
Horizon's anti-harassment feature makes an avatar's hands vanish if it tries to inappropriately touch another virtual character.The "personal boundary" function in the immersive platform puts a ring of space around users' digital proxies to prevent invaders to enter your avatar's personal space
Facebook parent Meta has opened its Horizon Worlds virtual reality platform to the public in December
Saudi Telecom Company signs over 15 pacts at LEAP22
The Saudi Telecom Company (STC) has signed fifteen agreements with major international companies, including Microsoft, Huawei, Ericsson, and Cisco, in...The company has already announced an initiative to establish a $1billion main digital center “MEAN Hub” for the Middle East and North Africa
The company also announced an initiative to establish a factory to localize data centers in the Kingdom, in partnership with Huawei
