Google’s new AI for corner kick tactics gets Liverpool approval
PARIS, FRANCE – Liverpool football analysts have given their seal of approval to a new artificial intelligence tool from Google that...
Science
Dubai approves rise in energy, water efficiency programs
DUBAI, UAE – Chairman of the Dubai Supreme Council of Energy Sheikh Ahmed bin Saeed Al Maktoum chaired the 81st...
Geostrategy
Economy
UN food agency warns of global hunger due to Ukraine war
The United Nations’ World Food Programme warned Friday about a looming food crisis in Ukraine in conflict areas, while disruptions...
- “The bullets and bombs in Ukraine could take the global hunger crisis to levels beyond anything we’ve seen before,” said Beasley
- With Russia and Ukraine providing some 29 percent of the global wheat trade, serious disruptions in production and exports could send food prices
Geostrategy
Russia attack on Ukraine nuclear plant draws global ire
With fears growing of nuclear conflict, the US and Russian armed forces have set up a new direct phone line...
- Ukraine has accused the Kremlin of ‘nuclear terror’, and US envoy to the UN said the attack was ‘incredibly reckless and dangerous’
- Russia’s UN ambassador called accusations that Russian forces had shelled the plant part of ‘an unprecedented campaign of lies’
Analysis
How did Saudi Arabia ensure food security?
The country has been able to overcome the hurdles that stood in the way of achieving food security by implementing...
- Saudi Arabia has enhanced its food security by adopting several strategies to ensure an excess of food supply
- It now has the largest storage capacity for wheat and flour in the Middle East, exceeding 3.3 million tons
Business
Dubai Gold & Commodities Exchange Feb trades total $13.68 bn
Dubai Gold & Commodities Exchange (DGCX) registered trades with a total value of $13.681 billion in February 2022, as global...
- The exchange registered a monthly Average Open Interest (AOI) of 125,206 contracts during February and saw its precious metals' portfolio lead trading activity.
- DGCX's West Texas Intermediary (WTI) Futures gained traction following increased volatility in oil markets.
Economy
Saudi exports to touch $354bn by 2030: Standard Chartered
Saudi exports to the world are estimated to grow 7.6 percent to $354 billion by 2030, according to Standard Chartered.
- According to a report prepared by Standard Chartered, 18 percent of global corporations already manufacture or source in Saudi Arabia
- The Future of Trade 2030 report named India as the fastest-growing export corridor for Saudi Arabia with an average annual growth rate of 10.9 percent from 2020 to 2030
Economy
Money-laundering, terror financing penalties fetch UAE $1bn
UAE authorities have collected AED3.848 billion ($1 billion) in penalties from anti-money laundering and terrorism financing offenders in 2021. The...
- UAE is currently amending the anti-money laundering law’s executive regulation.
- The Office for Anti-Money Laundering and Counter-Terrorist Financing was established in Feb 2021.
Business
SFD postpones Pakistan debts for development projects
The projects that the SFD contributes to financing through loans and grants in Pakistan amount to around SAR5 billion ($1.33...
- The fund signed an agreement with Pakistan’s Undersecretary of the Ministry of Economic Affairs Mian Asad Hayauddin in this regard
- The signing took place in the presence of Saudi Ambassador to Pakistan Nawaf bin Saeed Al-Maliki and senior officials from both sides
Economy
Jordanian-German corporate partnership program launched
Jordan Ministry's Secretary-General Dana Zoubi stressed the deep-rooted relations between Jordan and Germany.
- Jordan Ministry's Secretary-General Dana Zoubi stressed the deep-rooted relations between Jordan and Germany
- The program is an opportunity to exchange expertise to promote exports to German counterparts, she added
Interview
Saudi Crown Prince opens up on every little thing
Saudi Arabia’s Crown Prince Mohammed bin Salman has created quite a few ripples with his views on all things important...
- The crown prince said he was leaning towards taking Saudi Arabia towards the ‘real teachings’ of Islam
- He also said the country was working towards codifying Islamic law as had been handed down directly by the Prophet
Economy
Jordan, World Bank discuss skills development opportunities
Jordan is counting on the World Bank's support to strengthen Jordan's social protection network, increase job opportunities.
- Jordan is counting on the World Bank's support to strengthen Jordan's social protection network, increase job opportunities
- The country also wants to promote investment by supporting major economic and partnership projects between the public and private sectors
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Google’s new AI for corner kick tactics gets Liverpool approval
PARIS, FRANCE – Liverpool football analysts have given their seal of approval to a new artificial intelligence tool from Google that...
Science
Company News
Latest News
Central Bank of Egypt raises interest rate to 100 bps to combat inflation
Cairo, Egypt – In a surprising move, the Central Bank of Egypt (CBE) announced on Thursday that it has raised...
Economy
AI anxiety: workers fret over uncertain future
Legal assistants, programmers, accountants and financial advisors are among those professions feeling threatened by generative AI.
Business
Saudi Arabia posts budget deficit of US$1.41 billion in Q2 2023
RIYADH, SAUDI ARABIA - Saudi Arabia posted a budget deficit of SAR5.3 billion ($1.41 billion) in the second quarter of...
Economy
Most Read
Business
EIH buys stake in Gewan Holding
Acquisition aims to diversify and expand into several sectors.
- EIH has cultivated a diversified, innovative, and sustainable investment portfolio comprising over 30 companies across various sectors.
- Gewan is a diversified holding company operating in various sectors, including real estate, general trading, hospitality, travel and tourism.
Business
DUBAL, Oriental Copper ink MoU
JV will manufacture high-quality copper products in UAE.
- As per the agreement, DUBAL Holding will assist with local resources and be a co-investor.
- Oriental Copper will contribute its extensive technical, operational, and market expertise.
Economy
Turkish inflation surges in July at 47.83 percent
The new figure comes as Turkey radically shifts its policies since the May election that includes an end to more...
- The official rate had been steadily dropping since reaching a more than two-decade high of 85 percent in October last year
- The consumer prices skyrocketed by almost 9.5 percent on a month-on-month basis, according to the TUIK state statics agency