Turkey, Iran leaders at Cairo summit urge action to address Gaza, Syria crises
Cairo, Egypt -- The leaders of Turkey and Iran were in Egypt on Thursday for a summit of eight Muslim-majority countries,...
Geostrategy
TikTok under fire: Espionage claims, election influence campaigns and controversies
The platform faces accusations of espionage in the United States, while the European Union has launched an investigation into claims...
Geostrategy
Business
Record surge in number of attendees at Arabian Travel Market 2023
Dubai, UAE -- More than 40,000 people – including 30,000 visitors – attended the 30th edition of Arabian Travel Market...
- More than 40,000 people – including 30,000 visitors – attended the 30th edition of the event, which concluded last week in Dubai.
- This not only represents a year-on-year increase of 29 percent in attendees compared to 2022, but it also represents a 5 percent increase over 2019.
Business
Poll: Competence, quality key to boost GCC logistics
The TRENDS poll highlights the need to invest in transportation infrastructure, streamline customs procedures, and improve warehousing and distribution capabilities.
- The TRENDS poll highlights the need for GCC nations to invest in transportation infrastructure, streamline customs procedures, and improve warehousing and distribution capabilities
- The UAE emerges as a leader in quality infrastructure, ranking first in the MENA region and 11th globally in the Quality Infrastructure Index for Sustainable Development, it adds
Business
SAB Alawwal Q1 profit up 76%
The first quarter customer deposits increased by 17% on Q1 2022.
- The bank's total operating income grew by 60 percent to SAR 3.21 billion net customer advances by 8 percent to SAR 191 billion.
- Lubna S. Olayan, Chair of the Board of Directors of SAB Alawwal, said both Q1 profit and operating income were a record for the bank.
Geostrategy
EU ‘appalled’ after Israel demolishes Palestinian primary school
Jabbet Al-Dhib , Palestinian Territories -- Israeli forces on Sunday demolished a Palestinian primary school in the occupied West Bank, citing...
- The school served 45 students and consisted of five classrooms. It had replaced another demolished by Israel in 2019, Palestinian education ministry said.
- The EU called on Israel to "halt all demolitions and evictions, which will only increase the suffering of the Palestinian population and further escalate tensions.
Geostrategy
UN aid chief in Saudi Arabia for Sudan talks as fighting flares
Multiple truce deals have been declared and quickly violated since battles erupted between army and paramilitary forces on April 15...
- Talks in Jeddah were aiming for a ceasefire that could push efforts to bring humanitarian aid to the besieged population.
- Arab League Secretary General Ahmed Aboul Gheit expressed his support for the "indirect negotiations" in order to prevent "an escalation of the current conflict".
Business
Saudi Arabia’s real GDP grows by 3.9 percent in first quarter
Riyadh, Saudi Arabia -- The real GDP of Saudi Arabia grew by 3.9 percent in the first quarter of 2023,...
- The kingdom saw a 5.8 percent increase in non-oil activities and a 1.3 percent increase in oil activities over Q1 of 2022.
- Saudi Arabia’s economic growth is expected to accelerate by 3 percent in 2023 backed by a robust non-oil sector.
Business
Pakistan and Oman agree to boost air travel, promote tourism
Muscat, Oman -- Pakistan and Oman have agreed to boost air travel between the two countries' airports, reports said.The agreement...
- An Omani delegation, led by Naif Ali Al Abri, Chairman of the Civil Aviation Authority, held a series of meetings with Pakistani officials.
- Recently, the two countries also resolved to broaden bilateral relations, especially in strategic, economic and trade spheres.
Geostrategy
Iraq keen to meet fuel needs of Lebanese people: Oil Minister
Baghdad, Iraq -- Iraq's oil minister Hayan Abdel-Ghani has said the Iraqi government was keen to support the Lebanese people...
- Iraq's oil minister Hayan Abdel-Ghani held a discussion with Lebanon's Minister of Energy and Water, Walid Fayyad.
- Fayyad appreciated the support extended by the Iraqi government at a time when Lebanon is facing its worst economic crisis.
Geostrategy
31 more Kuwaitis file papers for parliament election
Kuwait City, Kuwait -- At least 31 Kuwaitis have filed candidacy papers for Kuwait's National Assembly election set to take...
- Till Saturday, a total of 61 candidates, including a female, had filed documents for the election to be held in June.
- The Gulf state has seen prolonged bickering between the government and the elected parliament that has hampered fiscal reforms.
Geostrategy
Covid-19, which killed nearly 20m, no longer global health emergency
WHO chief Tedros Adhanom Ghebreyesus, however, warns that "the worst thing any country could do now is to use this...
- The UN health agency first declared the so-called public health emergency of international concern (PHEIC) over the crisis on January 30, 2020.
- To date, 13.3 billion doses of Covid vaccines have been administered, with 82 percent of adults over 60 having received the initial jabs.
Turkey, Iran leaders at Cairo summit urge action to address Gaza, Syria crises
Cairo, Egypt -- The leaders of Turkey and Iran were in Egypt on Thursday for a summit of eight Muslim-majority countries,...
Geostrategy
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ADQ to invest $1bn in Sotheby’s
ADQ will acquire newly issued shares of Sotheby’s to support its growth.
Business
‘Children torn apart’: Israel strike rains hell on Gaza dawn prayers
Dawn prayers were shattered by the early morning triple air strike from Israeli warplanes, which gutted Al-Tabieen religious school and...
Geostrategy
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...
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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.
Business
Oil and gas sector in Arab countries attracts projects worth $406bn
Kuwait: -- The oil and gas sector in Arab countries attracted 610 projects implemented by 356 foreign and Arab companies,...
- United States topped the list as the most important investing country in the Arab region in the oil and gas sector with 85 projects.
- Russia ranked first in terms of investment costs, with a value of US$ 61.5 billion, representing about 15.2 percent of the total.
Geostrategy
Turkey joins South Africa’s Israel ‘genocide’ case at ICJ
A Turkish parliamentary delegation accompanied by the Turkish ambassador to the Netherlands filed a "declaration of intervention" at the ICJ's...
- South Africa's Dec 2023 case alleges that Israel's Gaza offensive, launched in retaliation for Hamas' bloody October 7 attack on Israel, breached the 1948 UN Genocide Convention.
- In a ruling January 26, the ICJ told Israel to do everything possible to prevent acts of genocide during its military operations in Gaza, which have left nearly 40,000 dead.