India and Pakistan rivalry boils after Kashmir attack
India took a raft of punitive diplomatic measures against arch-rival Pakistan on Wednesday, accusing Islamabad of supporting "cross-border terrorism" after...
AI’s impact on jobs, technology’s touchy topic sparks unease
New York, United States - "Stop Hiring Humans" read a provocative sign at an AI conference in Las Vegas, where...
Business
Science
Working with partners to understand cause of monkeypox: WHO
World Health Organization (WHO) has said that it is working closely with 'partners' to better understand the extent and cause...
- According to a WHO statement the virus is endemic in some animal populations in a number of countries
- There are about 80 confirmed cases so far, and 50 pending investigations
Geostrategy
Jewish worshipers clash with police at pilgrimage site
A crowd of Jewish worshipers broke through police barriers on Thursday at an annual pilgrimage in Israel's Mount Meron, a...
- More than 10,000 faithful had converged on the site under tightened security measures for the start of the pilgrimage on Wednesday
- The Mount Meron pilgrimage occurs on the Lag BaOmer holiday, when mainly ultra-Orthodox Jews throng the site of the tomb of revered second century rabbi Shimon Bar Yochai
Geostrategy
Iran arrests academic on national security charges
Iranian police have arrested academic and author Said Madani on charges of acting "against the security" of the country and...
- "Suspected of having links with foreign countries and of having committed actions against the country's security, Said Madani Ghahfarokhi was sent to prison," Mehr reported
- Madani has been detained several times in the past, notably in 2012 when he was sentenced to six years in prison
Business
e& buys stake in Vodafone
It bought a 9.8% stake for $4.4bn in the British firm.
- Formerly known as Etisalat, the company has acquired around 2,766 million shares in Vodafone Group
- The transaction comes in line with the telecom company’s efforts to become a global player in the field and increase its exposure to international markets
Geostrategy
Tributes pour in after passing of Sheikh Khalifa
Tributes continue to pour in from around the world after the UAE announced the death of its president, Sheikh Khalifa...
- US President Joe Biden said Sheikh Khalifa was 'a true partner and friend of the United States'
- 'The EU honours his legacy & leadership under which the UAE became frontrunner of sustainable development & economic diversification'
Business
Asian equities gain after turbulent week of trading
Asian equities were mostly up Friday following a tumultuous trading period on Wall Street, but analysts said the outlook remained...
- The Federal Reserve last week announced its largest rate hike since 2000 to slow surging inflation and signaled that similar increases were likely in the coming months
- Cryptocurrencies also saw great volatility this week
UAE President Sheikh Khalifa passes away at 73
The UAE has announced 40 days of mourning with flags at half-mast from Friday, with work suspended in the public...
- "The Ministry of Presidential Affairs condoles the people of the UAE and the Islamic world... on the passing of Sheikh Khalifa bin Zayed Al-Nahyan on Friday, May 13"
- Sheikh Khalifa took over as the UAE's second president in November 2004, succeeding his father as the 16th ruler of Abu Dhabi
Economy
Abu Dhabi’s non-oil foreign trade in Q1 grows by 15 percent to $16.74 billion
Abu Dhabi’s non-oil foreign trade in the first quarter (Q1) of 2022 amounted to AED61.522 billion ($16.74 billion), a 15...
- Exports grew by 35 percent in the first three months of the year compared to the same period of last year to reach AED24.449 billion.
- Saudi Arabia accounted for the largest share of total trade of 23 percent, valued at AED13.921 billion.
Economy
Oil, stimulus packages revive Arab world’s growth
The growth rate of Arab economies is expected to increase to around five percent in 2022 on the back of...
- The GCC countries' growth rate is expected to hit 5.8 percent in 2022, up from 3.1 percent in 2021
- In 2023, the Arab countries as a group are predicted to develop at a rate of around four percent
Business
Technology helps GCC health insurance get stronger
All this can be achieved by integrating automation, providing transparency, customizing services whenever required. Also, insurers are moving towards segmentations...
- Apart from digitalization and emerging technologies, insurers are extensively leaning on data sources to drive coherence, strengthen cybersecurity, and improve customer experience
- All this can be achieved by integrating automation, providing transparency, customizing services whenever required.
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
India and Pakistan rivalry boils after Kashmir attack
India took a raft of punitive diplomatic measures against arch-rival Pakistan on Wednesday, accusing Islamabad of supporting "cross-border terrorism" after...
Company News
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TAQA Q1 net income $571m
Business
Video gamers set for world’s biggest trade show, likely to generate $180bn
Paris, France -- The world's largest video game trade show, Gamescom, opens its doors on Tuesday in Germany at a sensitive...
Business
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...
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...
Geostrategy
Most Read
Business
UAE, Saudi Arabia lead Middle East IPO surge in second quarter
Abu Dhabi, UAE -- The IPO market in the Middle East and North Africa (MENA) region remained resilient during the...
- A total of 14 IPOs recorded total proceeds of US$2.64 billion, up 45.3 percent compared to the same period last year.
- The UAE’s Alef Education Consultancy LLC and Spinneys 1961 Holding Plc accounted for 33.8 percent of the region’s total proceeds for the quarter.
Geostrategy
UN, EU and US decry extremist Israeli minister’s prayer at Al-Aqsa
"We are against any efforts to change the status quo within the holy sites," said deputy spokesman Farhan Haq. "Al-Aqsa...
- The EU strongly condemned "the provocations by Israeli Min. Ben Gvir who, during his visit to the Holy Sites, advocated for the violation of the status quo".
- The United States said Ben Gvir had hurt efforts for talks towards a Gaza ceasefire, adding the US stands for historic status quo.
Geostrategy
OPEC says Chinese economy pulling down oil demand
Paris, France -- Uncertainty about Chinese economic growth is weighing on global oil demand this year, OPEC said on Monday, leading...
- "The world oil demand growth forecast for 2024 is revised down slightly by 135,00 barrels a day from the previous month’s assessment," OPEC said.
- OPEC blamed the declining prices on "concerns about China's economic performance" as well "as easing geopolitical risk premiums and mixed economic indicators."