Rising threat: DDoS attacks demand proactive defense
"Threat actors can employ artificial intelligence (AI) and machine learning (ML) algorithms to identify vulnerabilities and adapt their tactics in...
Central Bank of Bahrain Sukuk Al Ijara oversubscribed by 186 percent
Manama, Bahrain--The Central Bank of Bahrain (CBB) announces that the monthly issue of the short-term Islamic leasing bonds, Sukuk Al...
Business
Business
Arabian Travel Market 2022 kicks off in Dubai
The Chairman of Dubai World Sheikh Ahmed bin Saeed Al Maktoum, inaugurated the 29th edition of the Middle East’s largest...
- ATM 2022 is part of Arabian Travel Week, a 10-day festival of travel and tourism events taking place in Dubai
- It provides a vital platform for tourism and travel industry leaders in the Middle East
Business
UN seeks $80m from donors to remove ship off Yemen coast
The UN will ask for $80 million in donations in order to remove nearly a million barrels of oil on...
- UN-backed engineers have been prevented from inspecting the 45-year-old ship by the Iran-backed Houthis
- A new scheme devised by UN Humanitarian Coordinator for Yemen David Gressly will see the UN attempt to raise $80 million from donors at a conference
Economy
Global stocks sink on rising rates and China lockdown
World stock markets mostly sank Monday on stubborn fears over the impact of rising US interest rates, surging inflation and...
- Frankfurt, London and Paris each shed more than one percent nearing the half-way stage after Tokyo closed down 2.5 percent
- Oil prices lost two percent on demand worries and the haven dollar rose, while bitcoin plunged to a 2022 low below $34,000
Business
Aramco shares up 3 percent
Oil prices continue to spike, beefing up energy companies.
- The stock price slightly retreated to SR45.8 later in the day at 12:07 p.m. Saudi time.
- Saudi Aramco now holds the second largest market valuation globally of SR9.15 trillion.
Arts & Culture
Abu Dhabi tourism department readies to launch summer campaign
The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) will announce its summer campaign at Arabian Travel...
- Located in Hall 2 at Dubai World Trade Centre, Visit Abu Dhabi will take guests on journey of the top sites and attractions in the capital.
- Visitors will be treated to live performances from the City of Music, the creative craftsmanship of Emirati artisans at the House of Artisans zone.
Business
Jeddah airport picks new acting CEO
Ayman Aboabah was appointed after the airport witnessed chaos.
- Aboabah has 28 years of experience, where he had held several leadership positions including the vice president for operations at Riyadh Airports Co.
- Several clips featuring the chaotic situation have gone viral on the internet, with people questioning why su.ch a situation happened at the newly built $9.6 bn airport.
Business
Inflation, geopolitics take toll on GCC businesses
Inflation spawns numerous hurdles as GCC business leaders struggle to find a way to surmount the difficulties aggravated by geopolitical...
- Abudawood remarked that the ongoing supply chain issues would definitely impact expenses and consumer pricing
- According to IMF Middle East and Central Asia Director Jihad Azour inflation averaged 14.8 percent in 2021 and is expected to remain at 13.9 percent this year
Videos
UAE and Egypt home to leading startups in 2021
The UAE eyes around 20 unicorns, the start-ups valued at $1 billion-plus each, by 2031. These high-value startups will be...
- Dubai has set up a $100 million venture capital fund in order to provide financial support to fintech startup companies.
- Startups affiliated with Hub71, Abu Dhabi’s global tech ecosystem, have bagged AED1.5 billion in investments since its inception in 2019 and created about 1,000 jobs.
Economy
Dubai ranked first globally in attracting greenfield FDI projects
The emirate attracted 418 greenfield FDI projects, Crown Prince of Dubai Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum said....
- Both FDI projects and FDI job creation witnessed a significant increase of 36 per cent in 2021, with an estimated 24,868 jobs in 2021, compared to 18,325 jobs in 2020.
- The United Kingdom was the biggest source of FDI, accounting for 27 percent of total share of the FDI capital, followed by the US, France and Germany.
Business
Flydubai posts 114% jump in passenger bookings in Q1
Flydubai has reported a 114 percent jump in passenger bookings in the first quarter of the year. The airline said...
- The airline said it has operated 19,000 flights and carried 2.35 million passengers during the period
- It also witnessed an increase in demand for connecting traffic with 43 percent of the passengers connecting to the carrier’s network
Rising threat: DDoS attacks demand proactive defense
"Threat actors can employ artificial intelligence (AI) and machine learning (ML) algorithms to identify vulnerabilities and adapt their tactics in...
Company News
Latest News
Container traffic rises 11.66 percent in September, says Mawani Â
RIYADH, SAUDI ARABIA - The Saudi Ports Authority (Mawani) reported an 11.66 percent surge in container traffic across its trade...
Business
Qatar signs joint cooperation agreements with IMF on SDRs
Dubai, UAE - Qatar has signed two agreements with the International Monetary Fund (IMF) on its contributions towards IMF's poverty...
Geostrategy
EasyJet, Airbus sign US$20bn deal
The no-frills airline will buy 157 aircraft from Airbus.
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Business
Edge signs deal with Saha Istanbul
It will deepen cooperation between the UAE and Turkey.
- The event being held at the Ankara Congress Centre will also facilitate several introductory and exploratory meetings between Edge and Turkish companies
- Chairman of Edge said that the alliance with Saha Istanbul and its member firms will enable Edge to tap into Turkey's rich ecosystem and robust supply chain
Business
Pro-business policies make UAE global investment hub
"While the world has abundant funds, there's a need for innovative strategies to channel them into vital sectors like sustainable...
- Rebeca Grynspan, Secretary-General of UNCTAD, lauds the UAE as a leading global investment destination
- With the upcoming World Investment Forum in Abu Dhabi, the focus sharpens on sustainable investment
Business
Dubai emerges as global hotspot for startup innovation
The emirate has transformed into a hub of entrepreneurship and ingenuity over the years. Renowned for its ambitious vision and...
- From being a trading post to its current status as a tech and green business center, the emirate offers boundless opportunities, especially for those with pioneering spirit
- Dubai, with its strategic location, serves as a global gateway for businesses, bolstered by progressive leadership and initiatives like the Dubai Future Accelerators