Japan’s Moon craft SLIM revives after lunar night
TOKYO, JAPAN – Japan's Moon lander has produced another surprise by waking up after the two-week lunar night, the country's space...
Science
Arts & Culture
E-Sports a billion-dollar industry in GCC
The Middle East has 25% of the worldwide gaming audience, followed by Latin America 13.9%, the Asia Pacific 9.2%, Western...
- The Middle East has 25% of the worldwide gaming audience, followed by Latin America 13.9%, the Asia Pacific 9.2%, Western Europe 4.8%, and North America 4%
- The value of gaming in the MENA is estimated to be US$4.5 billion with over 100 million gamers in the region
Business
Microsoft announces pricing for new Office suite
Office 365 has been renamed Microsoft 365, and will be available on Windows PCs, Apple’s Mac machines, and mobile platforms,...
- Microsoft 365 and Office 2021 will run on Windows 11, Windows 10, and the three latest macOS versions
- A Microsoft account and an internet connection are mandatory for subscribers to access and use Microsoft 365 or Office 2021
Business
Saudi bourse joins new emerging-markets index
The Saudi Stock Exchange will be added to its widely followed Emerging Markets Government Bond Index (EMGBI), the global index...
- The accession will allow the Saudi Sukuk and Debt instruments to be part of corresponding global market indicators that investors follow
- This would have been made possible by the actions that the Capital Market Authority of Saudi Arabia has taken
Business
GCC and Europe to revive free trade deal talks: EU Ambassador
The Gulf Cooperation Council and the European Union have agreed to revive free trade deal talks, according to EU Ambassador...
- EU countries have direct investments in Saudi Arabia worth $24.88bln
- The agreement will also be part of the discussions during the upcoming visit of the European Union representative to the Gulf region
Business
Emirates Post launches five new services
The official postal operator of the UAE made the launches during the 2021 Seamless Middle East.
- The new addition includes service points and parcel lockers
- Through these, customers will have more flexible channels for last-mile delivery options
Expo 2020 DUBAI
Dubai Expo ‘new city’ is here to stay for decades
Dubai has created a "new city" for Expo 2020 that will exist for decades, the head of the event said,...
- The $7bn purpose-built showground occupies a vast site on Dubai's outskirts with hundreds of pavilions
- Expo 2020, which has sustainability as one of its main themes, wraps up in March
Expo 2020 DUBAI
The most interesting pavilions at Expo 2020
Expo 2020 Dubai boasts some unique pavilions. Here’s a look at the most engaging among them.
- Future Forest, the Spanish Pavilion, boasts an organic and recycled artificial ecosystem
- The Women’s Pavilion is intended to honor the significant roles that women, known and unknown, have played throughout history
Business
Anaam land sale nets $22.6m
The transaction will be reflected on Anaam’s Q3 financial results.
- The deal has been inked with the buyer Khaled Mustafa Mohamed Monem
- It includes the sale of all equipment, machinery, buildings, and cars
Business
Saudi stock market index ends high at 11,495.76 points
The main Saudi stock index closed today, up, gaining 112.11 points, to close at 11495.76 points, with trading value worth...
- The volume of traded shares, reached 180 million, through more than 290 thousand deals
- The Saudi Parallel Shares Index (NOMU) closed today, down, losing 257.36 points, at 23652.32 points level, with trading value worth SR 51 million
Expo 2020 DUBAI
UAE Central Bank to issue commemorative Expo 2020 silver coins
DUBAI: The Central Bank of the UAE (CBUAE) has announced it will issue silver coins that feature Expo 2020’s official...
- All issued commemorative coins will be available for sale via the Expo 2020 official stores as well as the New Zealand Mint’s website.
- Costing coins will be available for sale via the Expo 2020 official stores and New Zealand Mint’s website.
Japan’s Moon craft SLIM revives after lunar night
TOKYO, JAPAN – Japan's Moon lander has produced another surprise by waking up after the two-week lunar night, the country's space...
Science
Company News
Salik Q1 net profit $74.89m
Business
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Tabreed Q1 net profit $64.37m
Business
PIF sets up women’s fitness and wellbeing firm Kayanee
Riyadh, Saudi Arabia -- Saudi Arabia's sovereign wealth fund, the Public Investment Fund, Monday announced the establishment of the Kayanee...
Business
Saudi Arabia, Argentina sign geological cooperation and investment deal
Jeddah, Saudi Arabia -- The Saudi Geological Survey (SGS) and the Argentine Mining Geological Service (SEGEMAR) have signed a Memorandum...
Business
FMCG sector drives global economic growth, innovation
"The growth of the FMCG industry is closely tied to population growth, urbanization, and rising disposable incomes. The sector is...
Opinion
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Business
Qatar non-energy private sector firms record strong growth in July
Doha, Qatar -- Non-energy private sector companies recorded the second highest growth in 2023 so far, according to the latest...
- Growth rates for output, new orders, employment and purchasing increased, and the 12-month outlook remained firmly positive, the data from Qatar Financial Center said.
- Data for July 2023 indicated another increase in employment in non-energy private sector economy in Qatar, at the fastest rate since July 2022.
Business
Milaha posts marginal profit in H1
Its net profit jumped 1.1 percent to US$178 million.
- Its earnings per share (EPS) amounted to QR 0.57 as of 30th June 2023 as against earnings per share (EPS) of QR 0.56 for the same period in 2022
- The company's net profit in 2022 climbed to $278 million in comparison to a net profit of $199 million for the same period of the previous year
Business
Dubai mega-wheel billed as world’s largest stops turning
Ain Dubai (Dubai Eye) was designed as a tourist-luring landmark in the United Arab Emirates' glam-hub, which is home to...
- The giant wheel, made of more steel than the Eiffel Tower, features prominently on the list of Dubai's top tourist attractions
- With no official explanation, rumours are rife on the Ferris wheel's apparent technical issues, especially among employees at Bluewaters