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
Arab leaders propose Gaza reconstruction under Palestinian Authority, reject Trump’s takeover plan
The prospect of the Palestinian Authority (PA) governing Gaza remains far from certain, however, with Israel having ruled out any...
Geostrategy
Business
Saudi National Bank looks to make acquisitions in Europe
Saudi National Bank, with backing from its largest shareholder, the Public Investment Fund, is looking to make big acquisitions in...
- Executives of the Kingdom's biggest bank have been eyeing up potential targets and will present the outline of a new strategy to the board in the next few months
- The lender, which has a market value of $82 billion, will only start analyzing potential targets in detail following the outcome of that review
Economy
Ukraine-Russia war may affect Gulf food supply
The ongoing conflict will directly impact the Gulf and Arab countries since they import vast food items from the two...
- The Gulf states will be directly affected by the conflict as they depend on the two countries to meet a large proportion of their food requirements.
- Experts, however, believe a severe food shortage crisis in the Gulf countries is unlikely to happen in the short term as they can absorb rising import costs
Geostrategy
At UN, Palestinians call on Israel to ‘end apartheid’
Speaking at a monthly meeting on the Middle East, Riyad Mansour evoked the term “apartheid” 15 times and called on...
- Speaking at a monthly meeting on the Middle East, Riyad Mansour evoked the term “apartheid” 15 times and called on the Council to protect “our long-suffering people.”
- “This Council may not be ready to use the word, but apartheid is, and has been, for a while now, our reality,” said the Palestinian envoy
Business
Saudi real estate to contribute 9% to GDP by 2030
The Saudi real estate sector will contribute close to nine percent to the national gross domestic product by 2030, according...
- The kingdom's residential real estate finance is expected to exceed 1.2 million contracts with a value of SR600 billion ($162 billion) by 2030
- Real estate witnessed growth in land and property registration by 85 percent in 2021
Opinion
Measuring the impact of investment on ESG factors
With more ESG marketing claims questioned by clients, asset and wealth management firms can no longer tout ESG without convincing...
- As investors get more sophisticated about ESG matters, they are questioning the claims of commitment to sustainably invested assets and ostensibly sustainable products
- The solution to this strategic challenge lies in prioritizing ESG factors for specific target clients and building a model that reliably quantifies the impact on those factors
Business
Uber reports $892 mn Q4 profit
The San Francisco-based company notched increases across its operations, including its signature ride service, food delivery and freight operations.
- The San Francisco-based company notched increases across its operations, including its signature ride service, food delivery and freight operations
- Uber also had gains in monthly active platform consumers, gross bookings and trips compared with the year-ago level.
Business
AD Ports raises $1bn in share sale a day before it lists on ADX
Abu Dhabi Ports Group has raised $1.1 billion from a share sale a day before it is to list on...
- The company offered 1.25 billion shares at 3.20 dirhams ($0.87) each, people familiar with the matter said last month
- ADQ, whose assets are estimated at $110 billion by sovereign fund tracker Global SWF, ranks as the UAE's third-biggest sovereign wealth fund
Geostrategy
Coups, Covid-19 repercussions cloud African Union summit
The two-day summit should discuss how to be more proactive in addressing factors that give rise to coups, including terrorism-related...
- The summit comes as the 55-member bloc faces pressure to push for a ceasefire in host country Ethiopia
- A 15-month war there has killed thousands of people and driven hundreds of thousands to the brink of starvation
Business
GACA signs MoU with Huawei in smart flight technology
GACA is keen to activate the comprehensive digital transformation project in the use of modern technologies in various fields of...
- The memorandum was signed on the sidelines of the activities of the Global Tech Conference, LEAP, which concluded on Friday in Riyadh
- The cooperation includes providing, evaluating and selecting smart aviation solutions, the possibility of participating in passenger services projects, operating airports etc
Wildlife revives in ‘dead zone’ of Cyprus
The abandoned village of Cyprus became a "haven" for rare plants and animals as well as a "wildlife corridor" that...
- The abandoned village of Cyprus became a "haven" for rare plants and animals as well as a "wildlife corridor" that links otherwise fragmented environments right across the island
- Cyprus has been split since 1974 when Turkish forces occupied the northern part of the island in response to a Greek-sponsored military coup
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
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
Company News
Aramco Q1 profit down 14.5%
Business
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IHC Q1 net profit $2.17bn
Business
Gaza civil defence says Israel strikes on two schools kill more than 18
Senior civil defense official Mohammad al-Mughayyir said 60 people were also wounded and more than 40 still missing in the...
Geostrategy
Oil and gas sector in Arab countries attracts projects worth $406bn
Kuwait: -- The oil and gas sector in Arab countries attracted 610 projects implemented by 356 foreign and Arab companies,...
Business
Turkey joins South Africa’s Israel ‘genocide’ case at ICJ
A Turkish parliamentary delegation accompanied by the Turkish ambassador to the Netherlands filed a "declaration of intervention" at the ICJ's...
Geostrategy
Most Read
Business
Abu Dhabi to host Loop CEE travel fair for first time in Middle East
Abu Dhabi, UAE -- The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) and Miral will host...
- The luxury travel fair is being organized by the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) and Miral.
- Over the course of five days, each exhibitor will have the opportunity to conduct 62 appointments, each lasting for 15 minutes.
Geostrategy
G7 foreign ministers met by videoconference over Mideast: Italy
Rome, Italy -- G7 foreign ministers met by videoconference Sunday to discuss the Middle East and expressed "strong concern" over the...
- "Together with our partners, we have expressed strong concern about recent events that threaten to determine a regionalization of the crisis," Italian foreign minister said.
- The foreign ministers, it said, "reiterated the priority of a favorable conclusion of the negotiations on the ceasefire in Gaza and the release of hostages".
Geostrategy
Travellers rush to leave Lebanon amid spiking tensions
Several airlines including Lufthansa and Air France have delayed or suspended flights to Lebanon, and countries have issued urgent calls...
- Fears have spiked that months of cross-border violence could degenerate into all-out conflict between Hezbollah and Israel, who last fought a devastating war in the summer of 2006.
- Embassies have repeatedly urged their citizens to leave Lebanon while commercial flights are still available.