Turkey’s 5,000-year-old bread finds new life
Round and flat like a pancake, 12 centimeters (five inches) in diameter, the bread was discovered during excavations at Kulluoba,...
Arts & Culture
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
Business
From a tennis court in Dubai, Andrey Rublev says ‘no war please’
Andrey Rublev made a plea for peace after notching an eighth consecutive victory on Friday to move into his second...
- The 24-year-old had told reporters in Dubai on Thursday that he believed in peace and unity
- Rublev won the title in Marseille last Sunday and has battled through some tight situations this week in the Emirates
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
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
Turkey’s 5,000-year-old bread finds new life
Round and flat like a pancake, 12 centimeters (five inches) in diameter, the bread was discovered during excavations at Kulluoba,...
Arts & Culture
Company News
TSMC’s April revenue up 60%
Business
Latest News
Etihad reports record Q1 profit
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...
Business
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...
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...
Geostrategy
Most Read
Business
ADQ to invest $1bn in Sotheby’s
ADQ will acquire newly issued shares of Sotheby’s to support its growth.
- ADQ’s said the deal reflects its strategic commitment to pursuing value-accretive investment opportunities that contribute to Abu Dhabi's economic diversification.
- Patrick Drahi, who acquired Sotheby’s in 2019, will also invest additional capital alongside ADQ and remain Sotheby’s majority owner.
Geostrategy
‘Children torn apart’: Israel strike rains hell on Gaza dawn prayers
Dawn prayers were shattered by the early morning triple air strike from Israeli warplanes, which gutted Al-Tabieen religious school and...
- "Israel is genociding the Palestinians one neighborhood at the time, one hospital at the time, one school at the time," said UN Rapporteur Francesca Albanese.
- In a report issued in March, Albanese said there were "reasonable grounds" to determine that Israel had committed several acts of "genocide" in its war in Gaza.
Israel agrees to resume Gaza truce talks next week
A prospective cessation of hostilities also involving the release of hostages held in Gaza and scaled-up aid deliveries has centred...
- After a week-long pause in November, US, Qatari and Egyptian mediators have endeavored to secure a second truce in the 10-month-old war
- Netanyahu's office said later Thursday Israel would send a negotiating team on August 15 "to the agreed place to conclude the details of implementing a deal."