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
Economy
AI can save trillions in energy transition
A World Economic Forum study offers a road map and practical recommendations for the energy and AI industries to maximize...
- Every 1 percent of additional efficiency in demand creates $1.3 trillion in value between 2020 and 2050 due to reduced investment needs.
- AI could achieve this by enabling greater energy efficiency and flexing demand.
Arts & Culture
India slider at ‘gold’ price in Dubai
The dish sees the vada filled with truffle butter and cheese, stuffed in a bun, and served with sweet-potato fries...
- However, according to the Instagram post the restaurant shared, the dish costs AED99 (around $27 or almost INR2,000)
- Vada pav typically costs anywhere between INR20 and INR40 on the streets of Mumbai, where it originated
Geostrategy
Tunisia plants seeds of hope to fight climate change
Farmers in the North African nation are turning to the past by planting indigenous seeds at a time of drought,...
- Traditional seeds come from a genetic heritage best suited to the environment.
- Wheat varieties developed in the 1980s are being blighted by disease in Tunisia, but farmers say that traditional varieties appear to be more resistant.
Geostrategy
North African sun offers green hope but state role key
Blessed with year-round sunshine, North Africa has enormous potential for solar energy, but the huge investment and state subsidies required...
- Egypt has made solar power a priority in its quest to source 42 percent of its electricity from renewables by 2035.
- Rabat sells its green energy at a loss with the generating costs double the price it is sold at to the national grid.
Business
UAE to cut fuel prices from September 1
The United Arab Emirates will slash prices of petrol and diesel from September 1 amid the easing of Covid pandemic...
- Fuel committee announces latest price adjustments
- Fuel prices have been up for the past several months
Business
Abu Dhabi bourse to cut trading commissions by 50%
The Abu Dhabi Securities Exchange (ADX) has cut its trading commissions by 50%, and will extend its trading hours by...
- The trading fees will be reduced to 0.025% from 0.05% from September 1
- The trading hours extension should bring ADX into line with the operating hours of many exchanges globally
Geostrategy
Israeli PM promises ‘new spirit’ in Biden meeting
Israeli Prime Minister is meeting with the US President at the White House
- Israeli Prime Minister is meeting with the US President at the White House
- He told reporters ahead of his first state visit that Biden was "an old and true friend of the State of Israel."
Business
Saudi Arabia remains China’s top crude supplier
Although its supply of crude oil fell ten percent on the month, Saudi Arabia still continued to be China’s top...
- Shipments from Saudi Arabia, according to media reports, totaled 6.69 million metric tons in July, or 1.58 million bpd, compared with June's 1.75 million barrels per day
- Imports from Russia were 6.64 million metric tons last month, or about 1.56 million bpd, versus 1.62 million bpd in June
Investigation
Mergers, acquisitions in GCC up during pandemic
Expanding regional and global footprints, high revenues, cheap capital to invest and diversification key factors that hastened the merger processes.
- An active merger and acquisitions market indicates a buoyant stock and credit markets.
- M&A activity will persist through 2021, with a focus on certain sectors.
Geostrategy
Fuel tank blast kills 20 as Lebanon struggles to cope with oil demand
The cause of the explosion was not immediately clear. Lebanon, hit by a financial crisis branded by the World Bank...
- Lebanese Red Cross said on Twitter its teams transported 20 bodies and more than seven injured to hospitals.
- The country is facing soaring poverty, a plummeting currency and shortages of basic items like medicine.
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
Latest News
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
Day after UAE-Chile CEPA, Dubai Chambers and Pro-Chile sign MoU
Under the MoU, both parties will coordinate events aimed at strengthening ties between exporting companies from Dubai and Chile and...
Business
Most Read
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.
Geostrategy
Lufthansa, Air France halt Beirut flights as Israel tensions rise
Beirut, Lebanon -- Air France and the German airline group Lufthansa said Monday they were suspending flights to Beirut after Israel...
- Lufthansa services would be halted up to and including August 5 due to "current developments in the Middle East", a group spokesman told AFP.
- Royal Jordanian also announced the suspension of flights, with at least two of its regular trips to Beirut cancelled.