Arab states erupt in condemnation after US strikes on Iran
Iran's former arch-rival in the region, Saudi Arabia, which has been engaged in a Chinese-brokered détente with Tehran since 2023,...
Geostrategy
Is Cristiano Ronaldo leaving Saudi Arabia? Cryptic post fuels speculation
Riyadh, Saudi Arabia -- Questions swirled over Cristiano Ronaldo's future in Saudi Arabia on Tuesday, hours after the superstar indicated...
Arts & Culture
Geostrategy
Saudi Arabia, UAE key partners in Indonesia’s growth
The two Gulf countries play a major role in strengthening the economic and sustainable development in Indonesia, which is hosting...
- The two Gulf countries play a major role in strengthening the economic and sustainable development in Indonesia, which is hosting the 17th G20 Heads of State and Government Summit
- Since 1976, the Kingdom, through the Saudi Fund for Development has contributed to strengthening the pillars of sustainable development in its various fields and forms in Indonesia
Saudi Arabia pursuing sustainable tourism: Tourism chief
The Kingdom's goal is to reach zero emissions by 2030.
- The Kingdom's goal is to reach zero emissions by 2030
- The country is presenting 66 initiatives as part of its environmental plan
Economy
Better food cold chain crucial for climate, world hunger: UN
In 2017, emissions linked to a lack of refrigeration totalled one gigatonne of CO2, according to the UN report --...
- More efficient refrigeration would prevent food waste and boost revenues for small farmers, the UN said
- Developing countries are estimated to save 144 million tonnes of food annually if they reached the same level of food cold chain as developed countries
Business
Villas, apartments form major chunk of $598m Dubai realty deals Tuesday
Dubai, UAE---Dubai real estate market recorded realty deals worth AED2.2 billion ($598 million) on Tuesday, according to the data by...
- The deals include 544 sales transactions worth AED1.64 billion, in addition to 78 mortgage deals of AED590.54 million.
- Residential properties in the UAE remain a top priority for international real estate investors.
Business
ADNIC 9M net profit $72m
Net investment and other income reached AED93.8m.
- Sheikh Mohamed bin Saif Al-Nahyan, Chairman of ADNIC, said ADNIC's gross written premiums growing by 32.4 percent to AED4.29 billion.
- "The performance was driven by robust growth in the commercial division of 50.7 percent, and stable growth in consumer lines of 10 percent," he said.
Geostrategy
Arab nations to hold economic development summit every four years
Dubbed the 'Arab Development Summit', it may be hosted by the Cairo-based Arab League.
- Dubbed the 'Arab Development Summit', it may be hosted by the Cairo-based Arab League
- An extraordinary session, attended by leaders and heads of state, may be held "when necessary, a statement read
Queen Rania calls for ‘mindful use’ of technology at Web Summit in Portugal
She made her remarks while delivering a keynote speech at the Web Summit in Lisbon, Portugal during a sessios titled...
- She made her remarks while delivering a keynote speech at the Web Summit in Lisbon, Portugal during a session titled "Battling Built-In Biases."
- Other speakers included Sir Martin Sorrell, world-renowned author Naom Chomsky, Brad Smith of Microsoft, and the President of Portugal, Marcelo Rebelo de Sousa
Economy
GCC trade with Asia grows, diversifies as the two regions warm up relations with frequent talks, visits
Several factors are at play when it comes to strengthening relations between GCC and Asian countries. TRENDS looks at all...
- Several factors are at play when it comes to strengthening relations between GCC and Asian countries. TRENDS looks at all of them and gives them a perspective
- COVID-19 inevitably reduced trade volumes, but the outlook for further growth remains strong and trade between the two regions is likely to hit $480bn by 2030
Geostrategy
COP27: Time to move from negotiations and planning to implementation of promises and pledges
At COP26 countries agreed to deliver stronger commitments this year, including updated national plans with more ambitious targets. However, only...
- At COP27, the participant countries are expected to show how they are planning to implement the Glasgow pact call and review their climate plans
- The COP27 Presidency also expects nations to capture and assess their progress toward enhancing resilience and helping the most vulnerable communities
Geostrategy
Ben-Gvir, Israel’s powerful extreme-right leader
Elected to parliament in April 2021, Ben-Gvir heads the Jewish Power party and has spent years campaigning for the extreme...
- With his round glasses and white kippa placed crookedly atop his greying hair, 46-year-old Ben-Gvir presents an affable figure
- But to his detractors, the lawyer turned lawmaker is a pyromaniac whose politics threaten to set the country ablaze
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
Arab states erupt in condemnation after US strikes on Iran
Iran's former arch-rival in the region, Saudi Arabia, which has been engaged in a Chinese-brokered détente with Tehran since 2023,...
Geostrategy
Company News
Latest News
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...
Business
Dubai tourism shines: 25 percent repeat visitors, rising AI use
Dubai, UAE -- Dubai Corporation for Tourism and Commerce Marketing (DCTCM) has confirmed that 25 percent of visitors to Dubai...
Business
Most Read
Geostrategy
WTO says trade alone won’t bridge gap between economies
The WTO's 2024 report on global trade looked at the role that commerce has played to narrow the gap between...
- The report found that low- and middle-income economies tend to engage less in international trade, receive less foreign direct investment and depend more on commodities.
- WTO chief economist Ralph Ossa added: "Less trade will not promote inclusiveness, nor will trade alone."
Science
First step for Europe’s hyperloop vehicles with test launch
Veendam, Netherlands -- The dream of hurtling between European cities at speeds of more than 700 kilometers per hour moved a...
- For the moment, the speed is relatively slow at 30 kilometers (18.6 miles) per hour but operators hope to reach 100 kph (62 mph) by the end of the year.
- Amsterdam to Berlin in 90 minutes or Milan in two hours -- the technology has the potential to revolutionize travel in Europe.
Geostrategy
Iran’s president to visit Iraq on first foreign trip, sign MoU on security
Tehran, Iran -- Iran's President Masoud Pezeshkian will visit neighboring Iraq on Wednesday, state media reported Sunday, in what will be...
- Pezeshkian will head a high-ranking Iranians delegation to Baghdad to meet senior Iraqi officials.
- Since taking office, Pezeshkian has vowed to "prioritize" strengthening ties with the Islamic republic's neighbors.