‘Middle East is a promising area with a lot of initiatives going on in the UAE, Saudi Arabia’
Beyond AI, new technologies will leverage artificial intelligence to drive the next phase of the Fourth Industrial Revolution, Alphaeus Hanson,...
Economy
WEF25: Saudi delegation calls for nations to put “greater good” first
The international community must prioritize cooperation and dialogue to overcome the challenges of a fragmented world, the Saudi delegation to...
Economy
Geostrategy
Iran’s Khamenei says negotiating with US won’t end recent ‘troubles’
TEHRAN, IRAN - Iran's supreme leader Ayatollah Ali Khamenei said Saturday that negotiating with the United States would not put...
- Iran has seen weeks of demonstrations sparked by the September 16 death in custody of 22-year-old Kurdish-Iranian woman Mahsa Amini.
- She had been arrested for an alleged breach of the country's strict dress code for women.
Science
UAE University’s agriculture college launches campaign to cut food waste
AL AIN, UAE - The College of Agriculture and Veterinary Medicine at the United Arab Emirates University launched an awareness...
- The program is targeting schools and universities to educate students about the need to reduce food waste.
- The studies conducted in the food court showed that over 50 kilograms of foods is wasted daily during breakfast and lunch.
Geostrategy
US bans gear from China’s Huawei, ZTE over security risk
US authorities announced a ban on the import or sale of communications equipment deemed "an unacceptable risk to national security"...
- The move is the latest in a series of actions to limit the access of Chinese telecom firms to US networks.
- US officials have shown growing wariness in recent years of Chinese telecommunications companies and technology.
Economy
Qatar ready to provide up to $10 billion in funding to Turkey: sources
Turkish and Qatari official are in the final stages of talks to work out the modalities of extending the funding.
- Turkish and Qatari official are in the final stages of talks to work out the modalities of extending the funding
- The Turkish central bank already had a swap agreement with Qatar's central bank that was originally worth $5 billion
Economy
UNWTO says investments key to transform tourism
Marrakesh, Morocco—The UN World Tourism Organization (UNWTO) convened its 117th Executive Council in Marrakesh, Morocco, as the sector’s recovery continues...
- On the eve of the Marrakesh meeting, the United Nations General Assembly was presented with a a draft resolution calling on all to promote tourism
- The Executive Council is the top governing body of UNWTO and meets twice a year
Business
Abu Dhabi’s GDP expands 11.2% in the first half of 2022: SCAD
The quarterly GDP growth rate reached its highest value in six years during the second quarter of 2022.
- The quarterly GDP growth rate reached its highest value in six years during the second quarter of 2022
- The growth is seen as a reflection of the Emirate's ability to sustain growth despite global economic challenges
Economy
Food delivery market hots up even as inflation fear makes GCC residents cautious about expenses
Increased energy costs and supply chain disruptions caused by the epidemic would be a considerable burden for Gulf countries, which...
- Increased energy costs and supply chain disruptions caused by the epidemic would be a considerable burden for Gulf countries, which rely heavily on imports, says a report.
- Inflation rates, however, vary widely from a high of 6.5 percent in Qatar to a low of -0.4 percent in Bahrain, a PwC report points out
Economy
ADAFSA launches first livestock auction market in Abu Dhabi
ABU DHABI, UAE - The Abu Dhabi Agriculture and Food Safety Authority (ADAFSA) has announced the launch of the first...
- Other auctions will be organized regularly to enable livestock breeders directly sell their camels to the public.
- The permanent livestock auction market will serve as a destination for those interested in buying camels, cattle and rare animals.
Geostrategy
FNC’s UAE-EU friendship groups meets with Czech parliament
PRAGUE, CZECH REPUBLIC - Members of the UAE-EU Parliamentary Friendship Group of the Federal National Council (FNC), headed by Sarah...
- The meeting discussed the importance of strengthening the cooperation between the two parliaments.
- The two parliamentary groups discussed ways of improving the relations between them.
Geostrategy
Saudi would back bids for Man Utd, Liverpool, says sports minister
Saudi Arabia would back private bids for Manchester United or Liverpool, its sports minister said, adding the kingdom was keen...
- Saudi Arabia last year snapped up England's perennial under-achievers Newcastle - at is now third in the Premier League.
- Saudi Arabia's chances of bidding for the World Cup would increase if it wins hosting rights for the 2026 and 2027 women's and men's Asian Cups.
‘Middle East is a promising area with a lot of initiatives going on in the UAE, Saudi Arabia’
Beyond AI, new technologies will leverage artificial intelligence to drive the next phase of the Fourth Industrial Revolution, Alphaeus Hanson,...
Economy
Company News
Latest News
Saudi pioneering solutions for water scarcity
The kingdom is forging partnerships with major corporations to revolutionize water technologies and achieve water self-sufficiency.
Analysis
ADIB lists $500m green sukuk on LSE
The bank marked the issuance of its $500 million green sukuk.
Business
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Business
Al Ghurair to use Oracle solution
This will help HR teams improve business operations.
- Through this strategic collaboration, Al Ghurair seeks to empower its employees through self-service capabilities.
- Oracle Cloud HCM transforms the traditional functions of HR departments such as recruiting, training, payroll.
Business
Sharjah records real estate transactions worth US$980m in October 2023
SHARJAH, UAE – A total of 3,798 transactions were conducted here in October 2023 across various regions of the emirate,...
- This reflects a substantial increase compared to September's real estate activity, where the trade volume reached $544 million.
- The report underscored the confidence of clients in the emirate's real estate sector and its capacity to attract investors.
Economy
Egypt annual core inflation falls 1.6 percent in October
Dubai, UAE--Egypt's annual core inflation rate decelerated by 1.6 percent in October, recording 38.1 percent, down from 39.7 percent in...
- According to the country's central bank, the annual headline urban consumer inflation rate reached 35.8% in October, down from 38% in September
- Last week, the government also announced increases in petrol prices of up to 14.3% amid higher global prices and a weakened exchange rate