World’s rarest coffees to be auctioned for first time in Dubai
Dubai, UAE -- Coffee aficionados and industry leaders will converge in Dubai this February at World of Coffee (WOC) Dubai...
Business
Cybersecurity in 2024: From talent shortages to resilience against emerging tech risks
In 2024, cybersecurity remained central, addressing skill gaps and the impact of generative AI. A Strategic Cybersecurity Talent Framework offered...
Geostrategy
UAE joins $275m global effort toward Romania’s clean energy goals
Abu Dhabi, UAE -- The UAE has joined global partners such as the US, Japan, and South Korea to commit...
- This is the first major nuclear energy initiative to be supported under the Partnership for Accelerating Clean Energy (PACE).
- PACE aims to catalyze $100 billion in financing, investment, and other support to deploy 100GW of clean energy capacity by 2035.
Sudan war leaves farmers of gum Arabic without business
Sudan is the world's largest producer of the raw gum which is a major source of foreign currency for the...
- A gum arabic producer in Sudan, Ahmed Mohammed Hussein, said the absence of buyers has led to a price collapse of around 60 percent
- Gum arabic exports from Sudan totalled 88,000 tonnes in 2021, earning $110 million, according to central bank figures, the latest official data available
Business
TAQA, Uzbekistan to explore power projects, infrastructure investment opportunities
Abu Dhabi, UAE - Abu Dhabi National Energy Company (TAQA) has announced a collaboration with the Government of Uzbekistan to...
- The agreement covers proposals for a greenfield combined cycle power plant with a capacity of approximately 1.5 GW
- The new partnership is expected to cover the design, financing, engineering, ownership and operation of the power plant by TAQA
OIC experts discuss draft plan for Persons with Disability
Jeddah, Saudi Arabia - The Organization of Islamic Cooperation (OIC) on Sunday discussed a plan of action on the protection...
- The finalization and adoption of the OIC Plan of Action will mark an important step forward in promoting inclusivity, and protection of individuals with disabilities
- The initiative followed a resolution made at the 42nd session of the Council of Foreign Ministers on cultural, social, and family affairs held in Kuwait in 2015
Geostrategy
Bahrain to resume diplomatic relations with Lebanon
The Bahraini decision comes the day after the Arab League summit in Saudi Arabia against a backdrop of unexpected rapprochement...
- Bahrain followed Saudi Arabia in recalling their diplomats towards the end of 2021 after a Lebanese minister criticized Riyadh's military intervention in the war in Yemen.
- Lebanon's prime minister Najib Mikati said the country "appreciated this decision and welcomes it". Saudi Arabia returned its envoy to Lebanon in April last year.
Economy
Saudi Arabia signs a $39m pact with the Global Fund to fight pandemics
Geneva, Switzerland – The Saudi Fund for Development (SFD) signed on Friday a $39 million multiyear contribution agreement with the...
- The grant will support the fight to end global pandemics and strengthen health and community systems
- Over the last 20 years, the Global Fund has worked to fight the world’s three deadliest epidemics: HIV, TB, and malaria
Business
$36m plot of land among $2.47bn Dubai weekly realty deals
Dubai, UAE -- A total of 3,105 real estate transactions worth AED9.1 billion ($2.47 billion) were conducted in Dubai during...
- The DLD report showed that 191 plots were sold for AED1.14 billion, and 2,284 apartments and villas were sold for AED6.03 billion.
- Al Hebiah Fifth recorded the top transactions for this week with 54 sales worth AED185.13 million, followed by MADINAT HIND 4 with 34 sales worth AED50.26 million.
Business
Proven Robotics integrates ChatGPT with Pepper humanoid robot
Dubai, UAE: PROVEN Robotics, a robotic solutions provider, announced the successful integration of natural language artificial intelligence (AI) technology, ChatGPT,...
- The integration presents an opportunity to demonstrate the ground-breaking capabilities of both ChatGPT and Pepper
- The ChatGPT in Pepper offers several significant benefits including improving Pepper’s natural language understanding
Economy
Strong economy, HNWIs help GCC luxury market thrive
TRENDS explores how the growing number of high net worth individuals (HNWIs) in the GCC region is boosting demand for...
- GCC economies witness significant growth driven by robust oil production and exports
- Increased affluence in the region fuels a continuous rise in luxury product spending
Economy
Strong economy, HNWIs help GCC luxury market thrive
TRENDS explores how the growing number of high net worth individuals (HNWIs) in the GCC region is boosting demand for...
World’s rarest coffees to be auctioned for first time in Dubai
Dubai, UAE -- Coffee aficionados and industry leaders will converge in Dubai this February at World of Coffee (WOC) Dubai...
Business
Company News
Latest News
OPEC says Chinese economy pulling down oil demand
Paris, France -- Uncertainty about Chinese economic growth is weighing on global oil demand this year, OPEC said on Monday, leading...
Geostrategy
Calls for Gaza truce grow, Hamas wants Biden plan implemented
Biden had said the first phase of the proposed roadmap would include a "full and complete ceasefire" lasting six weeks,...
Geostrategy
ADQ to invest $1bn in Sotheby’s
ADQ will acquire newly issued shares of Sotheby’s to support its growth.
Business
Most Read
Israel agrees to resume Gaza truce talks next week
A prospective cessation of hostilities also involving the release of hostages held in Gaza and scaled-up aid deliveries has centred...
- After a week-long pause in November, US, Qatari and Egyptian mediators have endeavored to secure a second truce in the 10-month-old war
- Netanyahu's office said later Thursday Israel would send a negotiating team on August 15 "to the agreed place to conclude the details of implementing a deal."
Geostrategy
Flying’s never been safer, risk of death halving every decade: MIT study
Washington, United States -- Flying can be a nerve-wracking experience for many people -- but a new study out Thursday finds...
- The fatality rate fell to 1 per every 13.7 million passenger boardings globally in the 2018-2022 period, a major improvement from 1 per 7.9 million boardings in 2008-2017.
- The last major commercial airline disaster in the United States was in 2009, when Colgan Air flight 3407 crashed, killing 50 people.
Geostrategy
Gaza civil defence says Israel strikes on two schools kill more than 18
Senior civil defense official Mohammad al-Mughayyir said 60 people were also wounded and more than 40 still missing in the...
- "This is a clear targeting of schools and safe civilian facilities in the Gaza Strip," he said.
- Turkish President Recep Tayyip Erdogan and the emir of Qatar, Sheikh Tamim bin Hamad Al-Thani, meanwhile call for greater international efforts to stop conflict escalation.