Gaza truce talks: Netanyahu says sending a team to Qatar after Hamas nod
But Netanyahu, who is due to meet with President Donald Trump in Washington on Monday, said the Palestinian group's proposals...
Geostrategy
Turkey to export 48 fighter jets to Indonesia, deal valued at 10 billion dollars
Turkey's defence sector, including the famous Bayraktar drones, accounts for a significant share of the country's export revenues.
Geostrategy
Economy
Economic slowdown will force workers into worse jobs: UN
The ILO said deficits in decent work had been worsened by multiple, overlapping crises, including Russia's war in Ukraine, emerging...
- As prices rise faster than incomes, the cost-of-living crisis risks pushing more people into poverty, the UN's International Labor Organization said
- ILO called for an investment surge in education and training, saying two-thirds of global youth labor force was "without a basic set of skills", which limited their job prospect
Economy
Duty-free markets at air, sea and land ports set to create jobs, help industries, benefit Saudi economy
The move aims at supporting Kingdom's infrastructure development, boosting logistics and providing unique business environment in transport sector, air traffic...
- The move aims at supporting Kingdom's infrastructure development, strengthening logistics, and providing unique business environment in the transport sector, air traffic and ports
- Free markets will increase Saudi exports, reinforcing itss efforts to diversify economy beyond oil, including tourism and travel, that will ultimately benefit the country's economy
Business
25 pacts, MoUs inked on 1st day of Saudi Future Minerals Forum
The signing ceremony also witnessed the handing over of the two exploration licenses for Khnaiguiyah and Umm Al-Damar sites to...
- The signing ceremony also witnessed the handing over of the two exploration licenses for Khnaiguiyah and Umm Al-Damar sites to the companies that won their licenses
- The agreements included the areas of mineral exploration, technology, communications and application of sustainability standards
Business
84.6% growth in travel for Middle Eastern airlines in Nov: IATA
Globally, traffic is now at 75.3% of November 2019 levels, according to the report.
- Globally, traffic is now at 75.3% of November 2019 levels, according to the report
- Total traffic in November 2022 rose 41.3% compared to November 2021
Economy
Crisis-hit Egypt’s currency halved in value since March
Egypt's economy was hit hard after Russia's invasion of Ukraine last February unsettled global investors and led them to pull...
- The devaluation, representing a drop of around 50 percent against the dollar over the 10-month period, comes as the price of imported food and other goods soars
- The currency plunged to 31.95 pounds to the dollar in state banks on Wednesday, before settling at 29.7 in the afternoon, according to the central bank.
Economy
China’s new yuan loans rise in 2022
In December alone, new yuan loans stood at 1.4 trillion yuan, up 266.5 billion yuan year-on-year, according to the People's...
- In December alone, new yuan loans stood at 1.4 trillion yuan, up 266.5 billion yuan year-on-year, according to the People's Bank of China (PBOC)
- The M2 growth was 0.6 percentage points lower than that at the end of November but was 2.8 percentage points higher than the same period the year before
Business
Oil slips after unexpected build in US crude and fuel inventories
US West Texas Intermediate (WTI) crude futures fell 59 cents, or 0.8 percent, to $74.53 a barrel, while Brent crude...
- US West Texas Intermediate (WTI) crude futures fell 59 cents, or 0.8 percent, to $74.53 a barrel, while Brent crude futures were down 62 cents, or 0.8 percent, at $79.48 a barrel
- US crude stocks jumped by 14.9 million barrels in the week ended Jan. 6, sources said, citing data from the American Petroleum Institute (API)
Geostrategy
Iran detains celebrity chef in protest crackdown: reports
No reason was given for the arrest of Ebrahimi, who had some 2.7 million followers on Instagram enjoying his slickly...
- Navab Ebrahimi was arrested in Tehran on Wednesday and taken to the city's Evin prison, the Human Rights Activists News Agency said
- Iran has arrested at least 14,000 people in the wave of protests sparked by the September 16 death in custody of Mahsa Amini
Economy
Iraq says former official returned fraction of stolen US$2.5BN
The government of Prime Minister Mohammed Shia al-Sudani took over from Kadhemi in October and has made regular announcements about...
- The anti-corruption agency identified the suspect who returned the funds as Haitham al-Juburi, who is in detention and a former adviser to ex PM Mustafa al-Kadhemi
- According to a document of tax authority, $2.5 billion was allegedly expropriated between September 2021 and August last year through 247 cheques cashed by five enterprises
Business
Why did Iran stop importing rice, tea from India?
Speculations are rife that the decision by Tehran could have been taken in retaliation to India's suspension of the import...
- Iran has several alternatives for importing tea. Kenya has been selling India tea for nearly half the rate of Indian tea
- In terms of numbers, Iran’s rice imports in Apr-Sept 2022 stood at $641.66m, while tea imports in the Jan-Sept period stood at $66.39m
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
Gaza truce talks: Netanyahu says sending a team to Qatar after Hamas nod
But Netanyahu, who is due to meet with President Donald Trump in Washington on Monday, said the Palestinian group's proposals...
Geostrategy
Company News
Latest News
ADNOC Distribution H1 dividend $350m
The total dividend for 2024 is expected to be $700 million.
Business
DCO launches Digital Economy Navigator to bridge global digital gap
The navigator enables countries to better navigate their digital journeys, find opportunities for growth and benchmark progress,
Geostrategy
Researchers decode oldest human DNA
The genetic sequences were from a man and a woman whose remains were found at a rock shelter near the...
Science
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Geostrategy
Elon Musk’s Starlink internet launches in war-scarred Yemen
Dubai, United Arab Emirates -- Tech billionaire Elon Musk's satellite internet service Starlink has launched in Yemen, provoking the anger of...
- Starlink's network of low Earth orbit satellites can provide internet to remote locations or areas that have had normal communications infrastructure disabled.
- Houthi official Mohammed al-Bukhaiti condemned the Starlink launch, linking it to "the war waged by America on Yemen".
Business
UAE banks’ Q2 investments in Islamic certificates, cash bills surge to $61.81bn
The banking sector in the country maintained strong capital adequacy, exceeding Basel 3 requirements, according to the Central Bank.
- Statistics showed that the foreign assets of the Central Bank increased by 5.3 percent year-on-year to reach AED 770.6 billion.
- The total capital and reserves of banks operating in the UAE increased by 3.9 percent to AED 495.2 billion at the end of the second quarter.
Business
Middle East renewable energy projects investments reach $75bn
London, UK -- The Middle East is moving towards investing $75.63 billion in renewable energy projects until 2030, according to...
- These investments include 116 renewable energy projects, which are expected to be operational between 2025 and 2030.
- Large solar projects, such as the fifth phase of the Rashid bin Mohammed Al Maktoum Solar Park, are making significant progress.