From healthcare to finance: How AI is reshaping global industries and GCC economies
A study by the World Economic Forum reveals that AI could replace around 85 million jobs by 2025
Science
Building Smart Cities Starts with Listening to People
Successful smart cities address real challenges, like Mexico City’s digitalization of government services.
Economy
Business
Super-rich Russians lift UAE property market to record heights
There might be a global slowdown in the property market, but thanks to Russian buyers, the UAE, in contrast, has...
- The number of Russians who bought property in Dubai shot up by 164 percent in the first quarter of 2022.
- According to Better Homes Consulting, Russians made up the largest segment of foreign real estate buyers in Dubai last year
Business
Phone firms set for annual meet in shadow of global slump
Barcelona, Spain--The big beasts of the telecom industry will gather in Barcelona on Monday for their most important annual get-together,...
- In total, the four-day show would host almost 750 operators and manufacturers and 2,000 exhibitors.
- A hugely popular idea for many at the show is to force the owners of bandwidth-hungry platforms like YouTube, Netflix and Facebook to pay network operators a "fair share".
Economy
Higher Middle East demand pushes Thai rice exports up
Head of the ministry's foreign trade department Ronnarong Phoolpipat told a press conference that the value of rice exports rose...
- Head of the ministry's foreign trade department Ronnarong Phoolpipat said that the value of rice exports rose 78.76% to $406.72 million in January year-on-year
- He attributed the rise in exports mainly to the orders from the Middle East where the countries have' high purchasing power and low agricultural output
Business
Mawani sanctions five new services, links up 43 international ports
Riyadh, Saudi Arabia--The Saudi Ports Authority, also known as Mawani, has sanctioned five new shipping services that will link up the Kingdom with 43 international...
- According to reports, the five new services are projected to support commercial traffic, strengthen the national imports and exports system
- The five new services are dispersed across three ports namely, Jeddah Islamic Port, King Abdulaziz Port in Dammam, and Jubail Commercial Port
Economy
Jordan and US trade balance posts US$881m surplus in 2022
Amman, Jordan--The trade balance between Jordan and the US has recorded a surplus of about 625 million Jordanian dinars ($881 million)...
- The free trade agreement between Jordan and the US entered into full force in January 2010, and provides for exemption from customs duties for Jordanian exports
- King Abdullah of Jordan and the country’s foreign minister, Ayman Safadi greeted a delegation last month from Business Executives for National Security
Economy
Qatar’s Social Insurance Law serve retirees, widows
The Social Insurance Law approved a number of amendments in the shares of those who are entitled, which resulted in...
- Qatar has witnessed an increase in the retirement pensions and widow's shares to 100 percent, says the country’s Director of the Retirement Department at GRSIA
- The Social Insurance Law approved a number of amendments in the shares of those who are entitled, which resulted in an increase in the shares due, for the widows
Economy
Qatar eyes 1.5 million Saudi tourists in 2023 after thaw in bilateral relations
Sports, social and marketing events, including various global activities and competitions, are likely to bring in more Saudi tourists, Qatar...
- Sports, social and marketing events, including various global activities and competitions, are likely to bring in more Saudi tourists, Qatar Tourism's data suggest
- A package launched at the beginning of this year aims to attract 6 million visitors annually and increase the tourism sector's contribution to the GDP to 12%
Economy
WHO seeks $392m for Yemen before donor meet
The World Health Organization on Sunday appealed for $392 million ahead of a UN-led donor conference in Geneva to avert...
- The UN estimates that 21.6 million people –- two-thirds of Yemen's population –- will require humanitarian aid and protection services in 2023
- Huthi rebels seized the capital Sanaa in 2014, prompting a Saudi-led coalition to intervene the following year to prop up the internationally recognised government
Science
Iraq’s Tigris, Euphrates rivers plummet as water crisis looms
NASIRIYAH, IRAQ - Iraq's Tigris and Euphrates rivers have witnessed a sharp decrease in their levels in the south of the...
- In Nasiriyah, capital of the southern province of Dhi Qar, an AFP photographer saw the river bed of the mighty Euphrates dry in patches.
- The water ministry blamed the situation in some southern provinces on "the low quantity of water reaching Iraq from neighboring Turkey".
Business
Jordan, UAE, Egypt, Bahrain announce joint industrial projects totaling $2bn
Jordan, the United Arab Emirates, Egypt and Bahrain announced the signing of 12 agreements and partnerships worth over US$2 billion...
- The projects are expected to generate 13,000 direct and indirect job opportunities and add US$1.6 billion to the GDPs of the four countries.
- Jordan Minister Yousef Shamali opened the meetings by praising the partnership as a model of a coordinated Arab effort.
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
From healthcare to finance: How AI is reshaping global industries and GCC economies
A study by the World Economic Forum reveals that AI could replace around 85 million jobs by 2025
Science
Company News
New CEO appointed in SRC
Business
Mawani, SGP ink US$266m pact
Business
Latest News
UAE central bank raises 2024 economic growth forecast to 5.7%
The bank stated in a report released today that the overall GDP for the country is expected to grow by...
Economy
EU agrees on 150-million financial aid for Tunisia
A joint statement said the funds amounting to around $164.3 million "aims to support the efforts undertaken by the Tunisian...
UNCTAD eWeek focuses on AI risks, e-commerce growth in developing countries
At UNCTAD eWeek 2023, experts stress the importance of aligning AI development with Sustainable Development Goals to mitigate risks and...
Most Read
Business
Waning influence of OPEC+ in spotlight as prices flag
Founded in 1960, the 13-member OPEC cartel in 2016 partnered up with 10 other producers to form OPEC+ to gain...
- Prices are sitting at their lowest level in nearly six months despite the cartel's announcement in November to further cut output
- While Riyadh blamed speculators for the drop, rather than weak demand, analysts say the cartel's lack of unity has fuelled scepticism about their latest announced cuts.
Saudi Arabia introduces unified platform for visas, including Hajj, Umrah
Riyadh, Saudi Arabia - Saudi Arabia on Tuesday introduced 'KSA VISA,' a unified visa platform aimed at streamlining visa application...
- The platform aims to automate visa issuance procedures, thereby enhancing the overall visitor experience
- The initiative is a step in the kingdom's strategy to bolster tourism in the forthcoming years
Geostrategy
US pushes naval coalition as Yemen rebels vow to attack more ships
The United States pushed to build up a multinational naval task force to protect a key global shipping lane from...
- US Defense Secretary Lloyd Austin condemned the "unprecedented" spate of attacks in waters leading to the Suez Canal.
- The Canal is a chokepoint for about 10 percent of global trade, that have forced many shipping companies to divert their vessels.