US trading partners hit back on steel, aluminum tariffs
The steep 25-percent levies came into place after midnight with no exemptions despite countries' efforts to avert them, in a...
Geostrategy
Tech and sustainability drive Singapore’s smart tourism vision
To realize its vision for “smart tourism”, Singapore Tourism Board is leveraging cutting-edge technologies like artificial intelligence, data analytics, and...
Interview
Business
SAIF Zone Al Ansari Exchange ink pact, offer new payment service
SHARJAH, UAE - The Sharjah Airport International Free Zone (SAIF Zone) has signed a cooperation agreement with Al Ansari Exchange,...
- The pact will allow SAIF Zone’s investors and clients to pay fees at any of Al Ansari Exchange's over 230 branches across the UAE.
- The signing ceremony was attended by a number of managers and senior officials from both sides.
Economy
Trade restarts as key Afghan border crossing with Pakistan reopens
The crossing was closed last Sunday by Afghan authorities, who objected to what they said were new documentation rules restricting...
- Torkham border crossing was reopened at 6 am on Saturday, Afghan customs official Muslim Khaksar said at the site in Afghanistan's eastern Nangarhar province
- On Saturday, people attending to patients were allowed to enter Pakistan after showing their Afghan identity cards, the Pakistani customs official said
Economy
Experts reassure Istanbul not at heightened risk of earthquake
Istanbul, Turkey--Fears of another major earthquake have been rekindled in Istanbul since the February 6 disaster that hit Turkey and...
- The 16 million residents of Istanbul, a city that spreads over two continents and has seen skyscrapers mushroom in recent years, are wondering if they're ready for the "Big One"
- The early warning could win "a maximum of seven or eight seconds" -- not enough time to allow inhabitants to get to safety
Economy
UAE donates 10 ambulances to Syria for relief efforts after quake
Abu Dhabi, UAE--The UAE has presented Syria with 10 state-of-the-art ambulances, as part of Operation Gallant Knight 2 and the...
- The initiative is part of a continuation of the UAE's humanitarian support for the Syrian people in the wake of the powerful earthquake
- Dr. Salem Al Falasi said the UAE continues to support Syria's health sector, as part of Operation Gallant Knight 2, and to identify and meet the needs of Syrian hospitals
Geostrategy
In new mass rally Israelis protest against judicial reforms
Israeli media reported the crowds were again in the tens of thousands, after lawmakers this week took a step towards...
- Netanyahu has presented the judicial reforms as key to restoring balance between the branches of government, arguing judges currently have too much power over elected officials
- Another element of the reforms would give the 120-member parliament the power to overrule Supreme Court decisions with a simple majority of 61 votes
Economy
UAE and Algeria seek to expand economic cooperation
Abu Dhabi, UAE--The 15th session of the joint UAE-Algeria Economic Committee has been held in Abu Dhabi under the chairmanship...
- Non-oil trade between the two countries has grown from $701 million in 2020 to around $800 million by the end of 2022
- The UAE is one of Algeria's major Arab trading partners in 2021, accounting for nearly 20% of Algeria's trade volume with Arab countries
Interview
‘KSA bets big on technology and AI, makes global supply chain excellent’
Saudi Minister of Industry and Mineral Resources Bandar bin Ibrahim AlKhorayef highlighted his ministry’s role in the country’s development in...
- Saudi Minister of Industry and Mineral Resources Bandar bin Ibrahim AlKhorayef highlighted his ministry’s role in the country’s development in a interview with TRENDS at DAVOS 2023
- ‘As for our industry, we have certain programs to train young people and make our new investments more and more technology-based,’ says the Saudi minister AlKhorayef
Business
Masdar unveils 200MW Solar Park in Jordan
Amman, Jordan - The Baynouna Solar Energy Company (BSCE), a joint venture between the UAE’s world-leading renewable energy company, Masdar,...
- The Baynouna Solar Park produces over 560 gigawatt-hours (GWh) of energy annually – enough to power 160,000 homes
- The plant also displaces 360,000 tons of carbon dioxide per year, equivalent to taking nearly 80,000 cars off the road.
Geostrategy
UAE takes part in first G20 Finance Ministers meeting in 2023
ABU DHABI, UAE - Minister of State for Financial Affairs Mohamed Hadi Al Hussaini headed the UAE delegation participating in...
- Held for the first time under the Indian presidency in Bengaluru, the meeting discussed the progress under the G20 priorities for 2023.
- The UAE team reiterated the importance of a globally coordinated multilateral action to promote climate finance.
Geostrategy
UNDP requests $113.5 million to support early recovery in Turkey
ANKARA, TURKEY - Clearing the mountains of rubble due to buildings collapse in the earthquakes that hit Turkey on February...
- Rubble removal accounts for a large share of UNDP's US$113.5 million request for funding.
- UNDP's current focus is to help prevent public health threats to affected populations and emergency responders.
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
US trading partners hit back on steel, aluminum tariffs
The steep 25-percent levies came into place after midnight with no exemptions despite countries' efforts to avert them, in a...
Geostrategy
Company News
Latest News
Qatar expects 11.4% revenue dip in 2024 budget on lower oil prices
Finance Minister Ali bin Ahmed Al Kuwari attributed the decrease in revenues to the adoption of an average oil price...
Economy
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...
Business
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...
Most Read
Geostrategy
15% increase in air traffic at UAE airports during COP28, says GCAA
ABU DHABI, UAE – Airports in the country witnessed a 15 percent increase in air traffic during the 28th Conference...
- The first day of COP28 - November 30 2023 - witnessed the highest daily air traffic rate in the history of civil aviation in the UAE with 2,848 flights.
- The General Civil Aviation Authority organized meets and daily communication sessions to discuss plans, improve air navigation management systems.
Economy
Saudi Arabia eyes $13 billion from media sector
Riyadh, Saudi Arabia - Saudi Arabia aims to increase the media sector's economic contribution, targeting a GDP share of 47...
- In 2022, Saudi Arabia's media sector surged to SAR 17.4 billion ($4.6 billion), commanding 30% of the market share in the MENA region.
- The growth trajectory has been primarily propelled by a a tech-savvy consumer base, marked by a surge in demand for local content
COP28 UAE
New platform to revolutionize global sustainability
World Wide Generation's and e& join hands to combine innovative technology and global collaboration to address critical environmental, social, and...
- World Wide Generation's and e& join hands to combine innovative technology and global collaboration to address critical environmental, social, and economic challenges.
- The G17Eco platform, powered by WWG, equips organizations to effectively access and utilize sustainability data, integrating solutions and finances for comprehensive reporting.