Fuel to Air India jet engines cut off moments before crash: probe
New Delhi, India - Fuel control switches to the engines of an Air India flight that crashed shortly after takeoff,...
Analysis
Israel-Gaza conflict creates global economic ripples
As Israel grapples with the surprise Hamas action and global community gauges economic ramifications, the future of Israel's relations with...
Analysis
Analysis
Crises put Gulf investments in Sri Lanka at stake
The region has invested billions of dollars across sectors in the South Asian nation as recent past witnessed an expansion...
- The region has invested billions of dollars across sectors in the South Asian nation in the recent past
- Sri Lanka has been enduring shortages of food, fuel, medicines and other essentials for months
Science
Are EVs driving towards greener world or uncertainty?
Studies suggest the electric vehicles may not eliminate all emissions even by 2050, particularly those related to mining and battery...
- Recent studies suggest the electric vehicles may not eliminate all emissions even by 2050, particularly those related to mining and battery production.
- Wider adoption of EVs will hinge on affordability which, in turn, is reliant on battery production and robust charging infrastructure
Geostrategy
Biden’s Arab trip lukewarm, at best
The US president could not dispel the view that the Washington is no longer a reliable ally and he also...
- The US president could not dispel the view that the US is no longer a reliable partner and he also failed to connect at a personal level with the young GCC leaders, say experts
- He publicly invited UAE President Mohammed bin Zayed for a state visit to Washington. 'Why did he not extend the same thing to Mohammed bin Salman?' a professor asks
Analysis
Investors stay away as oil fuels tension in Iraq
The long-simmering dispute came to a head in February when the federal supreme court ordered Kurdistan to hand over oil...
- Iraq, the second largest OPEC producer, sits on enormous oil reserves, and revenues from the sector feed 90 percent of the federal government budget.
- The country exports an average of 3.3 million barrels of crude oil per day (bpd), while production in Kurdistan amounts to just over 450,000 bpd.
Analysis
More deals in sight as UAE-France ties strengthen
The past years witnessed the signing of dozens of agreements and memoranda of understanding between the two countries in various...
- Relations between the UAE and France date back to establishment of the UAE Federation when some French firms such as 'Total' helped UAE explore oil
- The past years witnessed dozens of agreements and MoUs between the two countries in various economic, cultural, military and environmental fields
Economy
Fear of global slowdown worries Gulf economies
The global economic stagnation is expected to impact the GCC growth due to the decline in industrial and economic activities...
- Economic stagnation has been a concern in many countries worldwide, especially in the Gulf states
- Economic stagnation is a concern in light of the growing inflation, rise in interest rates and disruption in supply chains
Analysis
Apex banks under pressure to deliver lower inflation
The world economies are staring at the deep recessions and more financial instability. If inflation does not moderate significantly over...
- Global bond and equity markets have been particularly volatile in recent weeks, says the latest Qatar National Bank report
- The main driver of the volatility was the multitude of negative prints coming from inflation figures in key economies, it adds
Arts & Culture
Reforms crucial to revive pandemic-hit culture sector
The sector also saw a decline of 25 percent of its Gross Value Added in 2020. However, while most of...
- The culture was one of the most seriously impacted sectors globally due to COVID-19 pandemic, with more than 10 million jobs lost in 2020 alone
- Revenues from the digital creative economy totalled US$2.7 billion globally in 2020, over a quarter of the sector’s overall revenue, says a report
Business
MENA gaming sector plays well with new technologies
The region's gaming industry is estimated to be worth $5 billion by 2025 with Saudi Arabia and the UAE leading...
- The region's gaming industry is estimated to be worth $5bn by 2025 with Saudi Arabia and the UAE leading the growth closely followed by Egypt and Qatar
- Although a spike in gaming consumption was driven by the pandemic, sustained growth is expected owing to a combination of factors, says market players
Market Report
Saudi Index at lowest levels since January
Saudi Stock Exchange's general index fell by nine points. Abu Dhabi market was below 9,200 points, Dubai market rose above...
- The Saudi Stock Exchange's general index recorded its lowest level since January and ended the week down by nine points
- The Dubai market managed to rise above 3200 points, supported by a rise in real estate and investment shares, during the week
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
Fuel to Air India jet engines cut off moments before crash: probe
New Delhi, India - Fuel control switches to the engines of an Air India flight that crashed shortly after takeoff,...
Analysis
Company News
Qatar’s economy remains strong despite global crises
YEARBOOK 2023
Latest News
UAE set to lead GCC’s e-commerce markets next year
YEARBOOK 2023
Over 200 days of Sheikh Mohamed bin Zayed as UAE President: Decisions, contributions and meetings
The UAE's policy will always support peace and stability in the region and the entire world, based on wisdom and...
Analysis
It’s time to recount UAE’s achievements across sectors as the country celebrates its 51st National Day
Beside successfully addressing COVID-19, the country created a distinguished development model covering all political, economic, social, scientific and cultural areas...
Analysis
UAE-UK partnership may unlock potential of clean hydrogen, boost economy, create 200,000 new jobs
The latest WGEO study is part of "our efforts to support the Dubai Clean Energy Strategy 2050 and the Dubai...
Analysis
Most Read
Death toll mounts in Iran protests as online services cut
Amini, 22, died last week after her arrest by the Islamic republic's feared morality police for allegedly wearing a hijab...
- Protesters have been heard shouting "death to the dictator" and "woman, life, freedom" in video footage shared widely online
- The US Treasury placed the morality police on its sanctions blacklist, holding it responsible for Amini's death
Analysis
Uncertainty rules even as MENA crypto market grows
Crypto investors fear a possible global recession, especially amidst weak economic activity data, Wael Makarem, Senior Market Strategist - MENA...
- Crypto investors fear a possible global recession, especially amidst weak economic activity data, Wael Makarem, Senior Market Strategist - MENA at Exness, tell TRENDS
- As cryptos are revolutionizing the financial industry, many institutions drafting regulations are trying to make the currency fit into the existing financial regulations
Analysis
Gulf construction market builds on KSA-UAE rivalry
As Saudi Arabia is all set to become the largest construction site in the world, the competition between Dubai and...
- As Saudi Arabia is all set to become the largest construction site in the world, the competition between Dubai and Riyadh to attract investments will intensify further
- Over the last seven years, $1.1 trillion worth of real estate projects have been announced in Saudi Arabia, says a recent research by Knight Frank