Price of natural gas in Europe falls to a 3-year low
LONDON, UK – The price of natural gas in Europe fell again on Friday, taking it to its lowest in almost...
Business
Lloyds Group profit is $6.2bn
High interest rates benefitted the British lender and banking sector as a whole.
Business
Business
WhatsApp users may encrypt backups
FB was recently accused of breaching WhatsApp users’ privacy.
- Mark Zuckerberg has announced that WhatsApp will let users encrypt chats they choose to back up
- The facility will be available for users of devices that can run Apple’s iOS and Google’s Android
Economy
MarsRise to colonize Mars by becoming the next MoonShot
MarsRise is a deflationary token found on the Binance Smart Chain, which comes with an automatic liquidity pool growth, and...
- MarsRise is a deflationary token found on the Binance Smart Chain, which comes with automatic liquidity pool growth, and therefore the holder rewards through transaction taxation
- It has automated Liquidity and its Strategic Buyback is distributed to the locked liquidity on every transaction, making MarsRise one of the best in this game
Economy
Saudi, UAE lead MENA region in 5G deployment
The MENA region will have 80 million 5G subscriptions, representing about 10% of total mobile subscriptions by 2025, according to...
- The total number of Saudi Governorates covered by 5G coverage increased to 53 in Q1 2021
- The UAE ranks third internationally among countries with the fastest data download speeds in 5G networks, according to an analysis by “Opensignal”
Business
Apple ordered to loosen app payment system
Epic had launched the case to break Apple's grip on App Store.
- The order says Apple is permanently barred from prohibiting developers from including in their apps "external links or other calls to action that direct customers to purchasing mec
- The case aims to break Apple's grip on the App Store, and the ruling could have far-reaching consequences across the digital economy
Jordan’s gaming app Jawaker sold for $205m to Stillfront Group
The popular Jordanian online card game studio, Jawaker, was bought by global gaming company Stillfront Group in a $205 million...
- The game studio operates a hub with more than 30 products, and over 50% of Jawaker’s users play two or more games every week using the app
- The buyout allows Stillfront Group to strengthen their foothold in the MENA region
Saudi e-invoicing scheme to come into force in three months
Saudi Arabia’s e-invoicing project, Fatoorah, will come into force in a little under three months, according to Zakat, Tax and...
- The shadow economy costs the Kingdom up to $107 billion annually
- Under the new regulation, buyers and sellers will have a digitized system that allows the smooth exchange and processing of invoices, credit notes, and debit notes
Business
Saudi Arabia decides to accept IATA Travel Pass
IATA Travel Pass is a personal secure digital wallet solution that helps travellers understand travel requirements and present their verified...
- IATA and Saudi Arabia are working to restore international travel.
- More than 80 airlines have announced trials of the IATA Travel Pass
Business
Saudi Arabia to host region’s first poultry event of its kind
The first Middle East Poultry Exhibition and Conference will be held under the theme Contribution of Enhancing Food Security.
- The event will be held at the Riyadh International Convention and Exhibition Center from March 14 to 16, 2022
- It aims to be a landmark event for the scientific and commercial exchange in the poultry industry at the local and regional levels
Business
UAE firm retained as IPL healthcare partner
The Board of Control for Cricket in India has renewed retained VPS Healthcare as its healthcare partner for the Indian...
- VPS Healthcare has set up a 100-member multidisciplinary team for sports medicine and Covid-19 management
- Two medical teams, comprising doctors, nurses, paramedics and lab technicians, will be assigned to each stadium for every match
Business
Egypt eyes $1bn investments as Africa Finance Corporation member
Egypt, the most populous nation in North Africa, has already seen some investments from the AFC.
- Founded in 2007, the AFC is dedicated to investing in private sector infrastructure projects across Africa
- It is said to have invested $8.7 billion in projects in 35 African nations since its establishment
Price of natural gas in Europe falls to a 3-year low
LONDON, UK – The price of natural gas in Europe fell again on Friday, taking it to its lowest in almost...
Business
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Beema’s Q1 profit soars
Business
e& profit at US$600mn in Q1
Business
Thriving businesses elevate UAE’s position globally
The country ascends four spots in Kearney's 2023 Global Services Location Index, reflecting its thriving business environment and emergence as...
Business
US equities up as major firms set to unveil economic reports
New York, US - Wall Street stocks edged higher early Monday ahead of major economic reports and earnings releases later in...
Business
Federal Reserve open to alter interest rates, says official
Washington, US - A Federal Reserve official left open the possibility on Monday of pausing or stopping interest rate hikes at...
Economy
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Economy
Saudi Arabia real GDP grows 1.1 percent in Q2 2023
RIYADH, SAUDI ARABIA - The real GDP of Saudi Arabia grew by 1.1 percent in the second quarter of 2023,...
- According to the report, seasonally adjusted real GDP decreased by 0.1 percent in Q2 of 2023 compared to Q1 of 2023.
- GASTAT carries out all statistical work, as well as the technical oversight of the statistical sector in Saudi Arabia.
Geostrategy
UK to issue hundreds of new oil and gas drilling licenses in North Sea
The announcement has angered environmental groups and comes amid an internal debate within the ruling Conservative party on green policies....
- "Investment in the North Sea will continue to unlock new projects, protect jobs, reduce emissions and boost UK energy independence," PM Rishi Sunak's office said.
- "The government is taking steps to slow the rapid decline in domestic production of oil and gas, which will secure our domestic energy supply," it said.
Arts & Culture
French footballer Maximin to play for Al-Ahli after three-year deal
Paris, France - French winger Allan Saint-Maximin on Sunday signed a three-year deal with Saudi Arabia's Al-Ahli after leaving English club...
- Saint-Maximin, 26, made 124 appearances for Saudi-backed Newcastle and scored 13 goals since joining from Nice in 2019.
- The financial terms of the deal were not revealed but English press reports have estimated it to be in the region of $38.5 million.