Mubadala acquires stakes from GHH
It acquired an 80 percent stake in Global Medical Supply Chain.
Business
Tunisia women herb harvesters struggle with drought and heat
In Tunisia's highlands, women harvest wild herbs to earn a living, but drought is making their work harder, shrinking incomes...
Geostrategy
Economy
Dubai is a key player in global business landscape
"The emirate is continuing to consolidate its position as an ideal platform that brings together creative ideas and innovative entrepreneurs...
- Dubai Chambers and Enterprise Ireland sign a strategic MoU to link Dubai and Irish firms, emphasizing collaboration in technology, manufacturing, and clean energy.
- The MoU will boost mutual trade and investment, fostering digital economy growth, and offer small businesses opportunities and cross-cultural training through alliance.
Business
Egypt exploring dirham, rupee bond issue: Finance Minister
Hong Kong -- The Egyptian government is mulling over the possibility of issuing bonds for the first time denominated in...
- The move is part of the ministry's pursuit of a diversified financing strategy, encompassing multiple markets, investors and financing tools.
- He underscored the recent issuance of green bonds worth $750 million and sovereign sukuk worth $1.5 billion.
Geostrategy
Skipper Battat leads Palestine on and off pitch at Asian Cup
Doha, Qatar - Musab Al-Battat has led Palestine on the pitch with his all-action performances and off it as the voice...
- The 30-year-old captain will be the man his team look to once again for inspiration when Palestine face hosts and reigning champions Qatar in a daunting last-16 tie.
- The side ranked 99 in the world have progressed into the next round despite a deeply troubled build-up overshadowed by the Israel-Hamas war
Geostrategy
Washington approves sale of F-16 warplanes to Turkey
US Secretary of State Antony Blinken led an intense diplomatic effort to broker the deal, telling the Turkish president three...
- As required by US law, the State Department notified Congress of the agreement, as well as a separate $8.6 billion sale of 40 F-35s to Greece
- Turkey will get 40 new F-16s and upgrades to 79 of the jets in its existing fleet, the State Department said in a news release
Geostrategy
Israeli carrier cancels South Africa flights citing less traffic
Jerusalem, Undefined - Israeli flag carrier El Al said Friday it will scrap direct flights to South Africa following "a significant...
- "From the end of March 2024, El Al will suspend its operations on the Johannesburg-Tel Aviv route," an El Al statement said.
- The case brought by South Africa in the top United Nations court has significantly strained relations with Israel
Saudi professor Manahel Thabet appointed Commonwealth’s envoy for science and technology
Riyadh, Saudi Arabia - Patricia Scotland, the Secretary-General of the Commonwealth of Nations, has named Saudi Professor Manahel Thabet as...
- In her role as special envoy, Professor Thabet will play a crucial part in connecting member states to achieve sustainable development goals
- She will be instrumental in enhancing economic cooperation, developing policies, creating legal frameworks to promote innovation
Iran plays on color at fashion exhibition
The strict dress code for women has been the subject of heated debate since nationwide protests following the death in...
- Since shortly after the 1979 revolution, women in Iran have had to observe a strict dress code and wear loose-fitting garments while also covering the head and neck
- Many women opt for head-to-toe black chadors. But in recent years, Iranian designers have also sought to include brighter colours in their creations
Economy
Qatar’s strategic initiatives boost sustainable infra
"The financial sector is well-positioned to leverage the opportunities and address the risks presented by the technological evolution. We are...
- Maha Sultan Al Sowaidi, Qatar Central Bank Assistant Governor, emphasizes technology's role in shaping prosperity and economic resilience.
- Second edition of the Qatar Financial Market Forum focuses on "Trends Shaping Emerging Markets and Sustainable Infrastructure and Mobility.
Geostrategy
Over 9,000 take part in pro-Palestinian march in Belgium, says police
BRUSSELS, BELGIUM - Around 9,000 demonstrators marched through Brussels on Sunday calling for an end of Israel's fierce bombardment and fighting...
- The march came a day before EU foreign ministers will meet their Israeli, Palestinian, Egyptian, Saudi and Jordanian counterparts.
- Some also cried out "EU, shame on you" for perceived inaction by Brussels to protect Palestinian civilians.
Business
QIIB lists sukuk on London Stock Exchange
The sustainable sukuk is worth US$500 million.
- The sukuk drew investors from the GCC, the Middle East, Europe, Asia and America
- According to a bank's statement, the issue was oversubscribed more than eight times
Mubadala acquires stakes from GHH
It acquired an 80 percent stake in Global Medical Supply Chain.
Business
Company News
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BP H1 profits down 79%
Business
ADNOC Distribution H1 dividend $350m
The total dividend for 2024 is expected to be $700 million.
Business
DCO launches Digital Economy Navigator to bridge global digital gap
The navigator enables countries to better navigate their digital journeys, find opportunities for growth and benchmark progress,
Geostrategy
Researchers decode oldest human DNA
The genetic sequences were from a man and a woman whose remains were found at a rock shelter near the...
Science
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Geostrategy
Elon Musk’s Starlink internet launches in war-scarred Yemen
Dubai, United Arab Emirates -- Tech billionaire Elon Musk's satellite internet service Starlink has launched in Yemen, provoking the anger of...
- Starlink's network of low Earth orbit satellites can provide internet to remote locations or areas that have had normal communications infrastructure disabled.
- Houthi official Mohammed al-Bukhaiti condemned the Starlink launch, linking it to "the war waged by America on Yemen".
Business
UAE banks’ Q2 investments in Islamic certificates, cash bills surge to $61.81bn
The banking sector in the country maintained strong capital adequacy, exceeding Basel 3 requirements, according to the Central Bank.
- Statistics showed that the foreign assets of the Central Bank increased by 5.3 percent year-on-year to reach AED 770.6 billion.
- The total capital and reserves of banks operating in the UAE increased by 3.9 percent to AED 495.2 billion at the end of the second quarter.
Business
Middle East renewable energy projects investments reach $75bn
London, UK -- The Middle East is moving towards investing $75.63 billion in renewable energy projects until 2030, according to...
- These investments include 116 renewable energy projects, which are expected to be operational between 2025 and 2030.
- Large solar projects, such as the fifth phase of the Rashid bin Mohammed Al Maktoum Solar Park, are making significant progress.