US announces new sanctions against Iran amid talks
The United States announced new sanctions Monday against Iran over its nuclear program, despite ongoing negotiations between the two countries...
Geostrategy
Gaza rescuers say 25 killed in Israeli strike on school-turned-shelter
Gaza civil defense spokesman Mahmud Bassal told AFP more than 100 others wounded in the strike on Dar al-Arqam School...
Geostrategy
Market Report
UAE, KSA bourses to stay range-bound until 2022-end
The volatility in oil prices will affect the markets. If there is a higher-than-expected decline, the markets may feel the...
- The volatility in oil prices will affect the markets. If there is a higher-than-expected decline, the markets may feel the heat, Junaid Ansari of Kamco Invest tells TRENDS.
- Higher interest rates are expected to benefit banks in the region that account for the second-biggest sector in the region by market cap
Business
ACWA Power inks deal for Layla PV Solar project worth $107m
Saudi ACWA Power Co. has signed a power purchase agreement with Saudi Power Procurement Co. for the Layla PV Solar...
- The company won the contract for submitting the lowest bid of 11.2 halala/KWh
- ACWA Power will develop, construct, and operate Layla PV Solar IPP, a plant located in Riyadh
Business
KSA teams up with Novartis to ramp up pharmaceutical capacity
Saudi Arabia has partnered with Novartis, the Swiss pharmaceutical company, to ramp up the kingdom's bio pharmaceutical capacity.
- Novartis’ contribution to the kingdom’s gross domestic product is expected to reach $857 million by 2024
- The parties aim to build local talent and capabilities as they aspire to reach 75 percent Saudization
Business
Saudi personal finance market posts 4.4% jump to $18.96bn
Saudi Arabia's finance companies have provided a whopping $18.96 billion in personal finance loans to the kingdom's citizens during the...
- The real estate loans increased by 1.3 percent to SR26 billion in the first quarter compared to the last quarter of 2021
- Compared to the fourth quarter of 2021, the real estate loans for corporates recorded a higher growth rate at 4.74 percent against 0.72 percent increase that was seen in retail loa
Business
Diamonds forge cornerstone of Israeli-Indian relations
Israel's Diamond Exchange is home to some 30 Indian companies making India the foreign nation with the biggest number of...
- Since India's ruling Bharatiya Janata Party led by Prime Minister Narendra Modi came to power in 2014, the Hindu nationalists have agreed several large contracts with Israel
- Israel sources raw stones from around the world, while many Indian companies specialise in polishing the rocks into gleaming gems
Business
Sharjah Executive Council discusses realty sector draft laws
The meeting also included a discussion of a draft Executive Council decision regarding the executive regulations for the law of...
- The meeting also included a discussion of a draft Executive Council decision regarding the executive regulations for the law of renting real estate
- Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah, and Chairman of the Sharjah Executive Council chaired the meeting
Opinion
Building trust in a zero-trust environment
How can companies effectively navigate zero trust without creating friction among employers and employees? And how do they get there...
- Despite years of industry efforts against insider threats, there isn’t enough data – or systems advanced enough – to spot all malicious behavior
- Beside building a culture of cybersecurity, more companies have begun investing in zero trust architectures to proactively cover all attack surfaces
Economy
Iconic Iran river threatened by droughts, diversions
Iran, like other nearby countries, has suffered chronic dry spells and heat waves for years.
- Iran, like other nearby countries, has suffered chronic dry spells and heat waves for years
- The reduced flow of the Zayandeh Rood is also man-made because much of its water has been diverted to supply neighbouring Yazd province.
Economy
Renewables, wind power, EVs to check climate change
Mitigate the carbon footprint of every other alternative energy that we’re going to develop, says Occidental Petroleum chief Vicki Hollub...
- Mitigate the carbon footprint of every other alternative energy that we’re going to develop, says Occidental Petroleum chief Vicki Hollub
- The world does not need to choose between an energy crisis and a climate crisis, says International Energy Agency Executive Director Fatih Birol
Business
Rich Lebanese look for home away from hardships
Fearing visa hassles could cost him his job in Dubai while an economic collapse had dashed any homecoming options, Lebanese...
- Citizenship by investment schemes have become a booming business internationally, attracting the well-to-do from volatile countries like Iraq, Yemen and Syria
- "Three years ago, I would not have imagined I would buy a passport," said Jad, who had previously grappled with lengthy visa procedures for business trips
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
US announces new sanctions against Iran amid talks
The United States announced new sanctions Monday against Iran over its nuclear program, despite ongoing negotiations between the two countries...
Geostrategy
Company News
Saudi fashionistas attempt beach rebrand
Arts & Culture
Latest News
Stocks wobble as investors brace for Powell’s rate cut clues
Paris, France -- Stock markets wobbled on Thursday as investors await a highly-anticipated speech by US Federal Reserve chief Jerome Powell,...
Business
Abu Dhabi Airports, Paris Airports to expand air transport infrastructure
Abu Dhabi, UAE-- Abu Dhabi Airports has expanded its existing collaboration with Paris Airports Group (ACG) to focus on collaborating...
Business
Most Read
Geostrategy
Not facing a deal but imposition of American diktats: Hamas
"To say that we are getting close to a deal is an illusion," Hamas political bureau member Sami Abu Zuhri...
- As efforts towards a truce continued, so did the killing in Gaza and Lebanon. An Israeli air strike in Lebanon killed 10 Syrians, including a woman and her two children.
- In Gaza, the civil defense authority said an Israeli air strike killed 15 people from a single Palestinian family, taking Gaza death toll to 40,047.
Geostrategy
United Nations calls Israeli settler attack in West Bank ‘horrific’
Geneva, Switzerland -- The United Nations on Friday said a deadly Israeli settler attack on a Palestinian village in the occupied...
- "There are even reports of weapons being distributed to the settlers. So there is clearly a state responsibility in this regard." said UN HR office spokeswoman Ravina Shamdasani.
- "This really is the crux of the matter: the impunity that the perpetrators of such grave violations have been enjoying," she said.
Business
Gold hits record high, oil prices slide on weak Chinese demand
Expectations of US interest rate cuts weakened the dollar, while oil prices tumbled as weak Chinese demand expectations offset turmoil...
- Oil prices slumped more than 1.5 percent. "The significant price recovery on the oil market has run out of steam in recent days," said Commerzbank analyst Carsten Fritsch.
- "For one thing, the feared retaliatory strike by Iran (on Israel) has so far failed to materialize, which has probably favored a partial pricing out of the risk premium," he said.