Iran says no plan for new US nuclear talks, plays down impact of strikes
Iran's Foreign Minister Abbas Araghchi shut down what he said was "speculation" that Tehran would come to the table and...
UN says 70% chance that 2025-2029 average global warming will exceed 1.5C threshold
The planet is therefore expected to remain at historic levels of warming after the two hottest years ever recorded in...
Science
Economy
Abu Dhabi conference brings hospitals up to date with cybersecurity threat
The conference was organised in collaboration with the Cyber Security Council with the participation of 10 biggest healthcare groups of...
- The conference was organised in collaboration with the Cyber Security Council with the participation of 10 biggest healthcare groups of Abu Dhabi
- The healthcare sector is a frequent target for cyber-attacks due to the sensitivity of information, which are often sold and used in identity theft
Business
Uniper, UAE’s Masdar working on hydrogen project
Upon the approval of the European Commission, the Berlin government this week completed a 34.5 billion euro ($36.55 billion) bailout...
- Upon the approval of the European Commission, the Berlin government this week completed a 34.5 billion euro ($36.55 billion) bailout for Uniper
- Germany has intensified its focus on energy security and the use of green hydrogen produced from renewable energy compatible with EU climate goals
Economy
Russia says may cut oil output following price cap
Introduced alongside an EU embargo on seaborne deliveries of Russian crude oil, the cap aims to ensure Russia cannot bypass...
- Russia will not supply oil to countries that are enforcing a price cap -- a part of punitive measures on Moscow following its offensive in Ukraine
- The price ceiling of $60 per barrel agreed by the European Union, G7 and Australia came into force in early December and seeks to restrict Russia's revenue
Business
QatarEnergy, QPD to further develop Al-Karkara and A-Structures oil fields
The new 5-year agreement, which commences on December 23, succeeds the development and production sharing agreement signed in December 1997.
- The new 5-year agreement, which commences on December 23, succeeds the development and production sharing agreement signed in December 1997
- The fields were initially considered non-commercial until QPD managed to prove their commercial viability in the late 1990s
Economy
UAE, Canada non-oil trade totals $3bn in first 9 months of 2022
The UAE is the second leading trading partner of Canada in the Gulf Cooperation Council (GCC) and the region in...
- The UAE is the second leading trading partner of Canada in the Gulf Cooperation Council (GCC) and the region in 2021
- Canadian direct investments in the UAE until the start of 2021 amounted to AED3.6 billion, a rise of 100 percent over the past 8 years
Economy
Japan inflation at 3.7% in November, highest since 1981
The November figure is well below the sky-high levels that have sparked concern in the United States, Britain and elsewhere,...
- Core consumer prices, which exclude volatile fresh food costs, climbed 3.7 percent last month compared to a year earlier
- Prices jumped the most for processed food items and were also higher for electricity and durable goods like air conditioners
Business
Nike shares soar as profits top estimates
Profits for the Q1 came in at $1.3 billion.
- Profits for the quarter ending at November 30 came in at $1.3 billion, the same as in the year-ago period while revenues jumped 17 percent to $13.3 billion
- In the most recent quarter, Nike's gross margin declined compared with the prior quarter due to higher markdowns, especially in North America, Nike said.
Ukraine war providing lessons for future conflicts
How the war in Ukraine has played out -- both on the world stage and the battlefield -- serves as...
- The United States and other countries imposed punishing sanctions on Russia, leaving it increasingly isolated
- US Defense Secretary Lloyd Austin said the response to Russia's invasion demonstrated the international commitment to the rule of law
Economy
Qatar’s budget surplus exceeds $21bn in 9 months
The surplus is mainly due to control over expenditures and the rise in revenues with the recovery in oil prices.
- The surplus is mainly due to control over expenditures and the rise in revenues with the recovery in oil prices
- The data also showed an increase of 26 percent in revenues and 0.78 percent in expenditures in the third quarter
Business
ADNOC Drilling to acquire rigs
The two offshore jack-up rigs will be bought for $200 million.
- Since listing on the Abu Dhabi Securities Exchange in October 2021, ADNOC Drilling has expanded its fleet from 95 to 108 owned rigs, as of 30th September, 2022.
- This rig purchase adds to earlier deals for a total of nine rigs signed in 2022 and four rigs acquired in 2021.
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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
Iran says no plan for new US nuclear talks, plays down impact of strikes
Iran's Foreign Minister Abbas Araghchi shut down what he said was "speculation" that Tehran would come to the table and...
Company News
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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...
Business
Europe’s Electric Vehicle troubles bubble up at Brussels Audi factory
Brussels, Belgium -- Outside an Audi factory in Brussels described by the German carmaker as the "cradle" of its electric drive,...
Business
TAQA launches new corporate identity
Abu Dhabi Energy Services will be renamed as TAQA Services.
Business
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Business
GACA and Volar to build UAE’s first Green Aviation Technology Center
Montreal, Canada -- The General Civil Aviation Authority (GACA) and Volar Air Mobility have signed a Memorandum of Understanding (MoU)...
- The Center aims to promote clean energy solutions, support research and development in sustainable aviation technologies.
- "The Centre will play a pivotal role in developing innovative solutions for a more growing, sustainable and greener future," said GACA director general Saif Al Suwaidi.
Business
Stock markets rise, gold hits record high as US rate cut nears
More data this week suggesting the Federal Reserve was winning the battle against inflation provided an extra kick for global...
- Investors are focused on the highly anticipated Fed meeting after data this week showed US consumer inflation slowed more than expected in August to 2.5 percent.
- The Fed cut rates early in the pandemic, then began hiking in 2022 as inflation rose, pushing rates to a 20-year high.
Business
Aramco Digital, Groq to build world’s largest AI inferencing data center
Riyadh, Saudi Arabia -- Aramco Digital Company and Groq, a leader in artificial-intelligence (AI) inference, have announced their partnership to...
- The announcement was made on the sidelines of the Global AI Summit (GAIN Summit), which concluded in Riyadh on Thursday.
- The facility will process 5.28 million tokens per second by the end of 2024 and 53 tokens per second by 2025.