To build a knowledge economy, the GCC must bet on its young minds
In Saudi Arabia, more than 60 percent of the population is under 30, and across the GCC, over 50 percent...
Opinion
Trump at Davos demands ‘immediate’ Greenland talks but rules out force
Trump's quest to take control of Greenland, which he said was needed for national and international security, dominated his address...
Geostrategy
Turkey’s 5,000-year-old bread finds new life
Arts & Culture
Geostrategy
UN probe says women, children comprise the majority of Gaza war dead
In a fresh report, the United Nations Human Rights Office (OHCHR) detailed a raft of violations of international law. Many...
- "Civilians in Gaza have borne the brunt of the attacks, including through the initial 'complete siege' of Gaza by Israeli forces," the UN said.
- "Conduct by Israeli forces has caused unprecedented levels of killings, death, injury, starvation, illness and disease."
Business
Emirates half-year profit $2.5bn
The record profit is subject to new 9% corporate tax for the first time.
- The airline group, operating from the world's busiest airport for international traffic, has faced regional disruptions due to the conflicts, but has expanded its network elsewhere
- Group revenue rose 5.0 percent to $19.3 billion on "consistently strong customer demand across business divisions, and across regions", the statement said.
Trump victory reflects Arab-American support, Netanyahu discusses Iran with him amid lingering regional conflict
In a unique campaign twist, Trump captured Muslim voters by pledging diplomacy, promising to end prolonged conflicts and promote stability,...
- His new Muslim supporters are celebrating his victory and confident he will deliver despite Israel, led by his close ally Benjamin Netanyahu
- But during this campaign, Trump touted his status as Israel's strongest friend, saying Biden should let Israeli Prime Minister Netanyahu "finish the job" against Hamas in Gaza
Business
Lulu’s IPO raises $1.72bn
The proceeds make it the largest UAE IPO of 2024 to date.
- The Offering achieved aggregate demand of over AED135 billion ($37 billion) from local, regional, and international investors.
- This is a record for a non-Government UAE IPO over the past 10 years, with the IPO oversubscribed by more than 25 times across all tranches (excluding Cornerstone Investors).
Geostrategy
What impact will Donald Trump have on the world economy?
Paris, France -- Donald Trump's return to the White House with his protectionist policies poses threats for the global economy, with...
- During his first term in office from 2017 to 2021, Trump often resorted to punitive tariffs in disputes with trade partners.
- Donald Trump's policies could also rekindle inflation, which cooled following a series of interest-rate hikes that the Federal Reserve began to unwind this year.
Business
Saudi Aramco’s quarterly profit drops 15% on low oil prices
Riyadh, Saudi Arabia -- Energy giant Saudi Aramco reported a 15 percent year-on-year drop in third-quarter profit on Tuesday, citing prices...
- The fall in net income to $27.56bn from $32.58bn in 2023 is the seventh consecutive quarterly drop for Aramco, one of the world's biggest companies by market capitalization.
- Aramco is the chief source of revenue for Crown Prince Mohammed bin Salman's Vision 2030 reform agenda, which aims to remodel the Gulf kingdom's crude-reliant economy.
Interview
Securing the digital future: AI and global cooperation foster cyber resilience
While AI accelerates the detection and management of threats, cybercriminals also leverage this technology for sophisticated attacks, says WEF's cybersecurity expert Filipe Beato.
- Beato said cyber risks are among an organization’s highest priorities, and the threat keeps increasing, a fact emphasized by WEF since 2020.
- With the increased connectivity and dependencies of critical sectors and services, improving ecosystem cyber resilience requires collaborative action.
Geostrategy
B-52 bombers arrive in Middle East: US military
Washington, United States -- American B-52 bombers have arrived in the Middle East, the US military said Saturday, a day after...
- "B-52 Stratofortress strategic bombers from Minot Air Force Base's 5th Bomb Wing arrived in the US Central Command area of responsibility," the military said.
- The United States announced on Friday evening that it was sending the bombers, fighter and tanker aircraft and ballistic missile defense destroyers to the Middle East.
Geostrategy
Pro-Palestinian protesters take Israel sculptures from UK university
London, United Kingdom -- A pro-Palestinian group took two sculptures of Israel's first president from a UK university in a protest marking...
- "Today, Palestine Action have marked 107 years since the Balfour Declaration, by taking two sculptures of Israel's first president, Chaim Weizmann," the protest group said.
- Palestine Action also sprayed the London office of charity Jewish National Fund (JNF) with red paint.
Geostrategy
Saudi, US FM says could move ‘quite quickly’ on some deals with US
Since last year Saudi Arabia has been bargaining hard for a defense pact with the United States as well as...
- Crown Prince Mohammed bin Salman last month ruled out recognizing Israel without the establishment of a Palestinian state.
- Foreign Minister Prince Faisal bin Farhan reiterated that normalization was "off the table until we have a resolution to Palestinian statehood".
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
To build a knowledge economy, the GCC must bet on its young minds
In Saudi Arabia, more than 60 percent of the population is under 30, and across the GCC, over 50 percent...
Opinion
Company News
Latest News
Turkey’s 5,000-year-old bread finds new life
Arts & Culture
Emirates orders 65 more Boeing 777X planes despite delays
Dubai, UAE -- Emirates, the Middle East's biggest airline, topped up its order of Boeing 777X planes on Monday despite...
Business
Carney’s UAE mission: A new era for Canada’s global trade ambitions
The latest visit of the Canadian PM is a part of his efforts to find new markets for his nation’s...
Geostrategy
Israel receives bodies of two more hostages returned by Hamas
The issue of hostage bodies still in Gaza has become a sticking point in the ceasefire implementation, with Israel linking...
Geostrategy
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Geostrategy
Hamas back on Gaza streets, acts against gangs and armed clans
For many Palestinians rebuilding their homes and lives amid Gaza's rubble, the sight of the Hamas forces was reassuring. Many...
- When bus loads of prisoners freed from Israeli jails arrived in Gaza on Monday, fighters from Hamas's Ezzedine al-Qassam Brigades provided crowd control.
- Hamas accused Israel of breaking the truce by opening fire during the clashes. The military said it had only fired when unidentified Palestinians approached the Yellow Line.
Geostrategy
Hamas will not govern post-war Gaza: Hamas source close to negotiating committee
Doha, Qatar -- A Hamas source close to the group's negotiating committee told AFP on Sunday that it will not...
- Hamas' leadership has in the past been divided on key issues, including on the future administration of Gaza.
- But where there appears to be no division among top members is on the question of disarmament, which the group has long described as a red line.
Business
OpenAI unveils ChatGPT app integration feature
San Francisco, United States - OpenAI on Monday unveiled a new feature for ChatGPT, the leading generative AI model with...
- Chief Executive Sam Altman announced the new tool to a crowd of enthusiastic developers gathered in San Francisco for the company's annual "Developer Day."
- The new feature, Apps SDK, allows ChatGPT to interact with various apps to select music, search for real estate or explore hotel and flight booking sites