World’s tiniest pacemaker is smaller than grain of rice
Paris, France -- Scientists said Wednesday they have developed the world's tiniest pacemaker, a temporary heartbeat regulator smaller than a...
Science
Lebanon cabinet appoints Karim Souaid central bank governor
Born in 1964, Souaid officially takes over after embattled former chief Riad Salameh's term expired in July 2023 with no...
Geostrategy
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.
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.
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
World’s tiniest pacemaker is smaller than grain of rice
Paris, France -- Scientists said Wednesday they have developed the world's tiniest pacemaker, a temporary heartbeat regulator smaller than a...
Science
Company News
Latest News
Nedaa, Dubai Customs ink MoU
Business
Qatar’s customs and tax departments link up e-services to ‘facilitate’ business
Doha, Qatar--The General Authority of Customs and the General Tax Authority have announced the launch of the interconnection between their...
Business
Qatar expects a decrease in inflation next year
Doha, Qatar-- Inflation in Qatar is expected to fall in 2024, according to Ali bin Ahmed Al Kuwari, the Minister...
Economy
UAE, Mauritius conclude CEPA talks, set to boost trade
The CEPA will cover trade in goods and services, investment facilitation amongst others. Once implemented, it will accelerate robust growth...
Business
Most Read
Economy
UAE insurance sector grows with rise in gross written premiums in Q3 2023
Abu Dhabi, UAE - The Central Bank of the UAE (CBUAE) has said that the UAE insurance sector continued to...
- CBUAE stated that by the end of Q3 2023, the number of licensed insurance companies in the UAE remained at 60
- The sector comprised 23 traditional national companies, 10 Takaful national and 27 foreign companies
Economy
Central Bank of Egypt keeps interest rates unchanged
Cairo, Egypt – The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) has kept the current key...
- The decision leaves the overnight deposit rate at 19.25 percent and the overnight lending rate at 20.25 percent
- The MPC noted a decline in key international commodity prices, especially energy, which has eased global inflation pressures
Economy
Saudi EXIM Bank, DBK sign MoU
It will boost the trade between Saudi Arabia and Kazakhstan.
- Under the MoU, both banks have also agreed to exchange information, experiences, and best practices to enhance the development of services and products
- It will also facilitate collaborative research efforts and knowledge sharing to design export credit policies and practices and provide workforce training opportunities