Chaos, Israel-aided gangs and gunfire: Gaza aid fails to reach most needy
Nearly 1,400 Palestinians have been killed in the Gaza Strip while waiting for aid since May 27, the majority by...
Geostrategy
BRICS call for ‘unconditional’ Gaza ceasefire, condemn air strikes on Iran
The BRICS also called for a "full withdrawal of Israeli forces from the Gaza Strip and all other parts of...
Geostrategy
Business
Aramco, PIF and Baosteel to build Saudi Arabia’s first steel plate plant
It will be the largest integrated steel plate manufacturing complex in the kingdom to be located in Ras Al Khair...
- The production capacity is expected to be up to 1.5m tons per annum. The complex will have premium facilities such as natural-gas-powered direct reduction iron furnace.
- Aimed primarily at meeting the needs of the Saudi market, there are plans to export to the Gulf Cooperation Council and MENA region.
Business
Saudi ports handle more than 2 million containers in first quarter
Riyadh, Saudi Arabia -- The number of containers handled by Saudi ports in the first quarter of 2023 grew by...
- Transshipment containers witnessed an increase of 14.96 percent and 778,056 containers compared to 676,826 containers in the first quarter of 2022.
- A total of 258,051 cars were imported, an increase of 35.52 percent over the first quarter of the previous year, which recorded 190,422 cars.
Business
Trina Solar revenue up 83%
Trina's market share of 210mm module shipments was more than 50%.
- Trina Solar’s main businesses, including PV products, PV systems and smart energy, all registered strong growth, the company said in a statement.
- The company also unveiled that its module shipments in 2022 totaled 43.09GW and cumulative module shipments exceeded 140GW by the end of March 2023.
Geostrategy
UN holds Afghanistan crisis talks in Qatar, without Taliban
Envoys from the United States, China and Russia as well as major European aid donors and key neighbors such as...
- Women have been barred from most secondary education and universities and prevented from working in most government jobs as well as UN agencies and NGOs.
- The UN said the meeting "is intended to achieve a common understanding” on how to engage with the Taliban" on women's rights, inclusive governance, countering terrorism.
Business
Small reactor startups vie to push US into new nuclear era
Small modular reactors -- or SMRs -- similar to the ones currently powering submarines, are touted as the future of...
- Americans remain divided on the use of nuclear energy, although the percentage of those who oppose it has fallen from 54 percent in 2016 to 47 percent in 2022, according to poll.
- Despite the Biden administration's stated support for nuclear power, there are no new projects underway for any traditional nuclear reactors.
Business
Arab Bank Q1 profit $216m
The first-quarter profit increased by 30% compared to Q1 2022.
- The Group's total equity was $10.4 billion as loans grew to $35.4 billion and deposits reached $47.7 billion.
- Excluding the impact of devaluation of several currencies against the US dollar, loans and deposits grew by 3 percent and 4 percent, respectively.
Geostrategy
Iran’s President Raisi to visit Damascus as Jordan hosts Syria meet
The visit comes against the backdrop of a rapprochement between regional rivals Iran and Saudi Arabia, and increased Arab engagement...
- Monday's meeting in Amman will bring together foreign ministers from Egypt, Iraq, Jordan, Saudi Arabia and Syria to discuss ending Syria's isolation.
- Jordan called the gathering "a continuation of the consultative meeting of the countries of the GCC, Jordan, Iraq and Egypt, which was hosted by Saudi Arabia" in mid-Apri.
Economy
Qatar’s economically active population up by 3% in Q4 2022
The Labor Force Sample Survey for the October-December 2022 period shows the percentage of male and female wage workers reached...
- The number of economically active males was 95.4 percent and females 63.4 percent. The people in the 25-34 year age group were the most economically active part of the workforce.
- The percentage of unemployed people increased by 1.3 percent to reached 0.1 percent-- 51 percent of the jobseekers being males and the rest females.
Business
Inheritance, investments raise King Charles’ fortune to $754m
London, United Kingdom -- Through inheritance, royal estates and shrewd investing while a prince, Charles III will be crowned on May...
- Queen Elizabeth II bequeathed her son an estimated £360 million ($448 million) upon her death in September last year, boosting Charles's fortune to £600 million.
- Balmoral Castle in northeast Scotland, where the royal family spends its summers, and the Sandringham estate in eastern England were left to Charles.
Science
UAE’s Sultan AlNeyadi achieves groundbreaking milestone as first Arab to perform spacewalk
The mission objectives included crucial tasks such as routing power cables and retrieving a Radio Frequency Group unit, contributing to...
- The mission objectives included crucial tasks such as routing power cables and retrieving a Radio Frequency Group unit, contributing to the station's operational capabilities
- Prior to Sultan AlNeyadi's spacewalk during Expedition 69, thorough safety checks were conducted to address challenges such as radiation, extreme temperatures, and space debris
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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
Chaos, Israel-aided gangs and gunfire: Gaza aid fails to reach most needy
Nearly 1,400 Palestinians have been killed in the Gaza Strip while waiting for aid since May 27, the majority by...
Geostrategy
Company News
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ADNOC Gas awards $550m contracts
Business
Israel declares UN chief ‘persona non grata’ over Iran attack response
"Anyone who cannot unequivocally condemn Iran's heinous attack on Israel does not deserve to step foot on Israeli soil," said...
Geostrategy
G7 says diplomatic solution is still possible in Middle East
Rome, Italy -- The G7 on Wednesday vowed to work together to reduce tensions in the Middle East and said a...
Geostrategy
Most Read
Business
Foreigners and institutions pour $4.9 billion into UAE equities
Abu Dhabi, UAE -- Net investments by foreigners and institutions in UAE equities amounted to AED 18.3 billion ($4.9 billion)...
- Foreign investors "Arab and non-Arab" achieved net purchases in the two markets worth 15.5 billion dirhams during the same period.
- Institutions have achieved a net investment in the Abu Dhabi Securities Exchange worth more than AED 1.6 billion.
Geostrategy
Two-thirds of Gaza buildings destroyed or damaged: UN
Updating its damage assessment, the UN Satellite Centre (UNOSAT) said very high-resolution imagery collected on September 3 and 6 showed...
- "Those 66 percent of damaged buildings in the Gaza Strip account for 163,778 structures in total," it said.
- Approximately 68 percent of the permanent crop fields in the Gaza Strip showed "a significant decline in health and density" in September.
Geostrategy
Lebanon urges DNA tests to identify missing in Israel strikes
Families should head to centers affiliated with the Judicial Police "to conduct DNA tests", the police said in a statement....
- Israel has heavily bombed Lebanon's east, south and southern Beirut suburbs
- Health Minister Firas Abiad said bodies and body parts were still under the rubble