Morocco to reopen embassy in Syria after Assad fall
Morocco said Saturday it will reopen its embassy Damascus, closed since 2012, signalling renewed support for Syria after the overthrow...
Geostrategy
China retaliates with 84 percent tariffs on US products
Beijing, China -- China will impose 84 percent tariffs on US imports, up from 34 percent, the finance ministry said...
Business
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.
Geostrategy
UAE forms new authority for identity, citizenship
DUBAI: The UAE on Tuesday announced a new Federal Authority for Identity, Citizenship, Customs and Ports Security, which will be...
- The new authority merges Federal Authority for Identity and Citizenship, the Federal Customs Authority, and the General Authority of Ports, Borders and Free Zones Security.
- The Authority will also be responsible for preparing laws, regulations, standards and requirements related to the passports, citizenship.
Business
ADNOC Drilling starts trading on ADX
It will start trading under the symbol ADNOCDRILL.
- Trading starts after the company raised more than $1.1 billion through an IPO.
- Upon listing, Adnoc Drilling is expected to be among the top 10 largest companies on the bourse.
Business
India to share white shipping info with Gulf countries
India has said in a statement that the MoU would ‘contribute to enhanced maritime safety and security in the region.’
- The MoU is expected to facilitate exchange of white shipping information between India and the Gulf countries
- White shipping information is about the exchange of advance details on the identity and movement of commercial, non-military merchant ships
Geostrategy
In first under Biden, US security advisor heads to Saudi Arabia
Biden, shortly after taking office in January, said the United States would slash US support for the Saudi-led offensive in...
- Jake Sullivan will also travel to the UAE, which had developed especially tight ties with the previous Trump administration
- Sullivan would be accompanied by officials including Tim Lenderking, the US special envoy on Yemen
Economy
Saudi Arabia saves $133.3bn in four years through budgetary discipline: Al-Jadaan
Saudi Arabia has succeeded in saving nearly $133.3 billion during the last four years by virtue of efficiency and budgetary...
- Budget overspending narrowed from 16 percent to 4 percent in recent years
- The government’s indirect lending initiative for small and medium enterprises (SMEs) helped provide SR642 million of financing to 611 SMEs
Business
MDC BMS to utilize MoniMove platform in partnership with Crediti Fintech
DUBAI: MDC Business Management Services (MDC BMS), a Mubadala company, will partner with Crediti Fintech to utilize the MoniMove platform...
- With the platform, MDC BMS will examine how to seamlessly digitize and govern clients’ supply chain transactions.
- Suppliers are likely to benefit from supply chain finance services, advanced digital delivery tracking and live site inspection tools.
Geostrategy
Lebanon raises fuel prices as subsidies are phased out
Lebanon has gradually increased fuel prices in recent months because the cash-strapped central bank can no longer afford to fund...
- Petrol prices have more than tripled since June amid severe rationing that has turned entire streets into chaotic queues for cars lining up to fill up at the pumps
- To fill a medium-sized vehicle's tank, most Lebanese would now have to pay close to the monthly minimum wage of 675,000 Lebanese pounds.
Arts & Culture
Afghan girls robotics team design their future in Qatar
The girls evacuated to Qatar were placed in one of three institutions depending on their needs with full scholarships granted...
- The girls worry about their immediate future but hope they can one day return to Afghanistan.
- Roya Mahboob, the founder of an Afghan software company, helped form the team which went on to develop a low-cost ventilator last year at the height of the pandemic.
Business
John Ireland new Amanat CFO
John will assume Amer Jeambey’ s role at the company.
- John brings over 15 years of experience of financial management to Amanat
- As CFO, he will oversee the company’s corporate and operational finance activities
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
Morocco to reopen embassy in Syria after Assad fall
Morocco said Saturday it will reopen its embassy Damascus, closed since 2012, signalling renewed support for Syria after the overthrow...
Geostrategy
Company News
Latest News
McDonald’s profits up 7%
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...
Business
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...
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...
Geostrategy
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Geostrategy
Iran, allies ready Israel response as funerals held for Haniyeh, Shukr
Hezbollah chief Hassan Nasrallah, addressing the funeral of the Lebanese group's top military commander, said Israel and "those who are...
- The international community has called for calm and a focus on securing a ceasefire in the Gaza Strip -- which Haniyeh had accused Israel of obstructing.
- The prime minister of key ceasefire broker Qatar said Haniyeh's killing had thrown the whole Gaza war mediation process into doubt.
Business
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...
- BP is one of the biggest foreign players in Iraq's oil sector, with a history of producing oil in the country dating back to the 1920s when it was still under British mandate.
- According to the World Bank, Iraq has 145 billion barrels of proven oil reserves -- among the largest in the world -- amounting to 96 years' worth of production at the current rate
Geostrategy
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...
- Iran's UN envoy Amir Saeid Iravani called on members to "condemn unequivocally and strongly the acts of aggression and terrorist attacks" by Israel.
- He also urged council members to take "immediate action to ensure accountability for these violations of international law," including potential sanctions.