AI to become the new internet: Kamel Al-Tawil on MENA’s tech evolution
Historically, the region was a key player in commerce through the Silk Road, and today, it has the potential to...
Interview
Iran ready to negotiate with US but not under ‘maximum pressure’: minister
In 2015, Iran struck a landmark deal with the United States, France, Germany, Britain, China and Russia to regulate its...
Geostrategy
Business
GMIS2021 concludes in UAE with launch of GMIS America
The inaugural edition of the GMIS America will take place in 2022 in Pittsburgh as a homage to a city...
- The inaugural edition of the GMIS America will take place in 2022 in Pittsburgh as a homage to a city that has rebounded from significant industrial challenges
- The summit explored the role of data and connectivity in shaping the future of supply chains, green manufacturing, sustainable energy, and climate action
Expo 2020 DUBAI
Saudi pavilion at Expo 2020 organizes a musical show
Saudi pavilion at Expo 2020 put on a splendid show at the Dubai Millennium Amphitheatre, the second artistic evening organized...
- The evening started by introducing the first-time visitors to the pavilion’s various sections after it achieved one million visits
- Saudi Arabia’s pavilion at the Expo 2020 Dubai recorded 1 million visits on Thursday since it opened on Oct. 1
Geostrategy
Erdogan calls for ‘continued dialogue’ with Israel
President Recep Tayyip Erdogan on Thursday spoke by phone with Israeli counterpart Isaac Herzog, in a rare exchange between the...
- The phone call came a few hours after an Israeli couple held in Turkey for a week on suspicion of espionage were released
- Erdogan told Herzog during the phone call that the continuation of contact and dialogue between Turkey and Israel was in their "mutual interest"
Arts & Culture
Dubai cyclists hit the desert as sport gains traction
Abu Dhabi's Formula One circuit is handed over to cyclists several times a week, with other tracks available across the...
- UAE Team Emirates rider Tadej Pogacar has won the last two editions of the Tour de France.
- The 'Dubai Ride' was launched last year, with Crown Prince Sheikh Hamdan bin Mohammed leading the parade of cyclists down the six-lane Sheikh Zayed Road.
Geostrategy
UAE urges citizens to leave Lebanon ‘as soon as possible’
The move came a day after recalling its diplomats from Beirut over a Lebanese minister George Kordahi's remarks that Iran-backed...
- Saudi Arabia on Friday gave Lebanon's ambassador 48 hours to leave the country and recalled its envoy from Beirut.
- Bahrain and Kuwait quickly followed suit with similar measures in "solidarity" with Riyadh.
Islamic Development Bank of KSA sets the price of its issuances
The Islamic Development Bank of Saudi Arabia has set the price of its second and final issuances as part of...
- The Saudi Press Agency reported the final price of issuance instruments by the bank was SR6.3 billion ($1.7 billion)
- The president wanted to "thank investors" for trusting the institution during the recovery from the pandemic.
UAE to ease Covid curbs, allow bigger home gatherings
Owing to the decline in the transmission of coronavirus in the country, the United Arab Emirates has decided to relax...
- According to the new set of rules, occupancy at parties has been capped at 80 per cent or a maximum of 60 guests
- A negative PCR test taken no more than 48 hours before the event is also a must
S&P says lackluster tourism to keep Dubai economy down
Although Dubai is set for a ‘modest’ recovery this year on the back of a high vaccination rate in the...
- The economy of the Middle East trade, finance, and tourism hub shrank 10.9% last year
- S&P expects Dubai's real gross domestic product growth to average about 2% between 2022 and 2024
Business
Fertiglobe IPO set for $6bn valuation as subscription ends
Fertiglobe, the fertilizer firm, is all set to earn a $6 billion valuation as 114.6 million shares were allocated on...
- The amount of shares allocated is equivalent to 13.8 percent of the business
- Subscription for Fertiglobe shares began on 13 October, with two tranches, of stock offered to investors
Economy
Innovations in focus as Gitex Global begins
Artificial Intelligence, 5G, cloud, big data, cybersecurity, blockchain, quantum computing, Fintech and immersive marketing remain key focus of the five-day...
- A series of conferences and workshops will also be organised on the sidelines of the five-day exhibition.
- Gitex Global Leaders Vision will take a look at UAE 50, Saudi Vision 2030 and transformative projects in GCC.
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
AI to become the new internet: Kamel Al-Tawil on MENA’s tech evolution
Historically, the region was a key player in commerce through the Silk Road, and today, it has the potential to...
Interview
Company News
McDonald’s profits up 7%
Business
Latest News
British Petroleum to develop four new oil and gas fields in Iraq
Baghdad, Iraq -- Iraq signed an agreement with British energy giant British Petroleum on Thursday to develop four oil and gas...
Business
UNSC to hold emergency meeting over Hamas chief’s killing
The meeting has been requested by Iran and supported by representatives of Russia, China and Algeria, said a spokesman for...
Geostrategy
World Rally Championship to add Saudi Arabia race to calendar
Paris, France -- World Rally Championship announced Wednesday that it will add races in Saudi Arabia, the Canary Islands and Paraguay...
Arts & Culture
Most Read
Business
BP H1 profits down 79%
Revenue dropped 8 percent to $98 billion in the same period.
- BP said increased volume and lower exploration write-offs were "partly offset by increased depreciation charges and higher costs".
- The group earlier this month flagged to markets that its latest earnings would take a sizeable hit from a cut to oil refining in Germany.
Geostrategy
Gaza official says 300 killed in Khan Yunis as army ends assault
"Since the beginning of the Israeli ground invasion of the eastern part of Khan Yunis province, the civil defence and...
- The Israeli military launched the assault on July 22 to halt rocket fire from the area, which already saw heavy fighting earlier this year.
- Last week, it said troops had retrieved the bodies of five Israelis from the area.
Business
Saudi trains over 1,000 nationals in coastal tourism market
Riyadh, Saudi Arabia -- The Saudi Red Sea Authority (SRSA), in collaboration with the Ministry of Tourism, has implemented two...
- The training, which focused on customer service experiences and safety principles, was conducted as part of the second edition of the Tourism Trailblazers Program.
- SRSA aims to provide over 210,000 jobs by 2030 and contribute more than SAR 85 billion to the GDP that same year.