Turkish-backed jihadists breach Aleppo, displacing thousands and cutting vital highway to Damascus
By Friday, the jihadists and their allies had taken more than 50 towns and villages in the north and entered...
EVs just the start, urban mobility needs a holistic approach
Cities must adopt EVs alongside shared transport, robust infrastructure, clean energy, and inclusivity, says Jamie Wylie, an urban mobility expert.
Interview
Business
UAE economy forecast to grow 4% this year
The United Arab Emirates has forecast for its economy to grow by more than four percent this year, a level...
- Minister Abdulla bin Touq says over 30,000 jobs will be created
- The central bank had forecast 2.5 percent growth in December. Economic growth fell to around 6 percent in 2020
Business
Own a share of Dubai property for as little as $136
If you are an investor, you can now own a share of Dubai property for as little as $136.
- SmartCrowd lowers minimum investment from $545 to $136
- Regulated by the Dubai Financial Services Authority (DFSA), the firm has so far distributed 1.3 million dirhams in rental income to investors who have put their money in more than
Economy
Saudi output growth dips to weakest level in 10 months
Saudi Arabia’s output growth dipped to the weakest level for ten months amid a slowdown in new business gains.
- August PMI data from IHS Markit survey data showed a fall to 54.1 in August
- The non-oil sector weakened in August with output expansion at its weakest in 10 months
Business
UAE seeks $150bn in foreign investments, eyes stronger trade ties in Asia
The United Arab Emirates is seeking to lure $150 billion in foreign investments as part of a broad nine-year plan...
- The UAE currently ranks first in the Arab world and in the region and 15th globally in the Kearney FDI Confidence Index for 2021
- The eight countries include South Korea, Indonesia, Kenya, Ethiopia and Turkey. The relations between Turkey and the UAE are showing signs of improvement
Business
UAE to let foreigners ‘live and work’ under green visas
The United Arab Emirates has decided to give out new visas allowing foreigners to settle in the emirates.
- Visas announced during launch of UAE's 'Projects of the 50' initiative
- The Green visas will allow entrepreneurs and other professionals to live and work in the UAE
Investigation
$5m fine for polluting water in Saudi Arabia
Saudi Arabia has launched a strict campaign of penalizing companies and individuals involved in polluting water resource of the kingdom....
- Raft of tough regulations in campaign to protect the Kingdom’s marine environment
- The new rules ban the removal of rocks, pebbles, beach sand and marine sediment
Economy
AI can save trillions in energy transition
A World Economic Forum study offers a road map and practical recommendations for the energy and AI industries to maximize...
- Every 1 percent of additional efficiency in demand creates $1.3 trillion in value between 2020 and 2050 due to reduced investment needs.
- AI could achieve this by enabling greater energy efficiency and flexing demand.
Arts & Culture
India slider at ‘gold’ price in Dubai
The dish sees the vada filled with truffle butter and cheese, stuffed in a bun, and served with sweet-potato fries...
- However, according to the Instagram post the restaurant shared, the dish costs AED99 (around $27 or almost INR2,000)
- Vada pav typically costs anywhere between INR20 and INR40 on the streets of Mumbai, where it originated
Geostrategy
Tunisia plants seeds of hope to fight climate change
Farmers in the North African nation are turning to the past by planting indigenous seeds at a time of drought,...
- Traditional seeds come from a genetic heritage best suited to the environment.
- Wheat varieties developed in the 1980s are being blighted by disease in Tunisia, but farmers say that traditional varieties appear to be more resistant.
Geostrategy
North African sun offers green hope but state role key
Blessed with year-round sunshine, North Africa has enormous potential for solar energy, but the huge investment and state subsidies required...
- Egypt has made solar power a priority in its quest to source 42 percent of its electricity from renewables by 2035.
- Rabat sells its green energy at a loss with the generating costs double the price it is sold at to the national grid.
Turkish-backed jihadists breach Aleppo, displacing thousands and cutting vital highway to Damascus
By Friday, the jihadists and their allies had taken more than 50 towns and villages in the north and entered...
Company News
DEWA okays $844m dividend
Business
Latest News
Israel, Hamas reject bid before ICC to arrest leaders for war crimes
Karim Khan said he was seeking warrants against Netanyahu and Israeli Defense Minister Yoav Gallant for crimes including "starvation", "willful...
Geostrategy
Saudi fashionistas attempt beach rebrand
The setting for Red Sea Fashion Week, the St Regis Red Sea Resort on Ummahat Alshaikh island, is part of...
Arts & Culture
Moroccan enterprises give jobs, hope to people with disabilities
Rabat, Morocco -- Fadoua Lamrani was elated when she was hired as a waitress at a restaurant in Morocco which employs people...
Business
Most Read
Business
OpenAI disbands team devoted to artificial intelligence risks
San Francisco, United States -- OpenAI on Friday confirmed that it has disbanded a team devoted to mitigating the long-term dangers...
- OpenAI weeks ago began dissolving the so-called "superalignment" group, integrating members into other projects and research, according to the San Francisco-based firm.
- Company co-founder Ilya Sutskever and team co-leader Jan Leike announced their departures from the ChatGPT-maker this week.
Geostrategy
Israeli leaders split over post-war Gaza governance
Jerusalem, Undefined -- New divisions have emerged among Israel's leaders over post-war Gaza's governance, with an unexpected Hamas fightback in parts...
- After Hamas regrouped in northern Gaza, where Israel previously said the group had been neutralized, broad splits emerged in the Israeli war cabinet in recent days.
- Netanyahu came under personal attack from Defense Minister Yoav Gallant for failing to rule out an Israeli government in Gaza after the war.
Geostrategy
Despite international appeals, Israel to ‘intensify’ Rafah assault
Defense Minister Yoav Gallant said "additional forces will enter" the Rafah area and "this activity will intensify". "Hundreds of targets...
- Israel's top ally the United States has joined other major powers in appealing for it to hold back from a full ground offensive against Hamas in Rafah.
- The 22-member Arab League, meanwhile, called for UN peacekeepers to be deployed in the occupied Palestinian territories until a two-state solution has been implemented.