Robots take centre stage at Singapore ‘Olympiad’
Singapore -- The World Robot Olympiad opened in Singapore on Wednesday with hundreds of international students, some as young as...
Geostrategy
UAE says will invest up to $50 billion in Canada
The fresh North American investment pledge came after UAE President Mohamed bin Zayed Al Nahyan promised in May to pump...
Geostrategy
Geostrategy
Mobilize global action to deal with food insecurity
“In conflict, international humanitarian law is clear: parties to armed conflict must take constant care to spare the objects necessary...
- UAE's Minister of State Noura Al Kaabi emphasizes the need for collective action across the world to end food insecurity
- Al Kaabi highlights the role of climate change in exacerbating food insecurity, particularly affecting women and youth
Dozens of court cases in Morocco tied to online activity: Rights group
The Moroccan Association for Human Rights said proceedings were launched "on the basis of political opinions, investigations, press articles published...
- The group said rights activists, as well as ordinary people, have been jailed on charges ranging from "attacking Islam or the monarchy" to "insulting civil servants."
- The authorities say they are battling defamation and "attacks against individual freedoms" on social networks, calling these "crimes" punishable by imprisonment
Economy
Fitch credit downgrade upsets US Treasury Secretary, shakes markets
Markets slid on Thursday as traders shifted to safer assets after Fitch downgraded the United States' credit rating from AAA...
- The primary catalyst behind this historic downgrade is the steady erosion of governance standards over the last two decades
- The downgrade comes on the heels of a significant bipartisan agreement reached in June to suspend the debt limit until January 2025.
Business
Saudi, Brazil companies partner for collaboration in water desalination
Sao Paulo, Brazil - Saudi Arabia's Saline Water Conversion Corporation (SWCC) has signed a memorandum of understanding (MoU) with the...
- The agreement provides opportunities for localization and content enrichment in electrical engineering
- It also focuses on developing and enhancing the efficiency of various electrical systems
Student enrolments in GCC to grow by 1.1m in 5 years
Saudi Arabia is expected to lead the growth, with a CAGR of 1.6 percent, while Kuwait and the UAE are...
- Saudi Arabia is expected to lead the growth, with a CAGR of 1.6 percent, while Kuwait and the UAE are projected to experience faster growth rates compared to other member nations
- The demand for schools in the GCC is estimated to rise with a CAGR of 0.7 percent, resulting in an addition of approximately 1,127 schools by 2027, reaching 35,208 schools by 2027
ADQ, IHC Capital to form a new entity called Q Holding
Abu Dhabi, UAE - ADQ and IHC Capital Holding are joining forces to bring together ADQ's ownership of Abu Dhabi...
- The proposed transaction would create one of the region's largest real estate, hospitality, events, and catering platforms
- The combined group would have an implied market capitalization of approximately approximately US$12 billion
Middle East release of ‘Barbie’ delayed, may be banned in Saudi Arabia
Dubai, UAE - Vox Cinemas, the prominent Middle East exhibitor partnering with Warner Bros. for distribution, has decided to postpone...
- The film's bold portrayal of the iconic Western doll has sparked controversy within the Arab world
- Historical bans on earlier "Barbie" movies in Saudi Arabia were linked to depictions of women in non-traditional gender roles
Business
QFBA, Education Above All unite to offer scholarships for underprivileged students
Doha, Qatar - Qatar Finance and Business Academy (QFBA) has signed a cooperation agreement with Education Above All Foundation to...
- The agreement is also part of the effort to provide 500 scholarships in Qatar through collaboration with Qatar's General Awqaf Authority
- Founded in 2009, Qatar Finance and Business Academy specializes in providing training and professional development programs for the financial sector in Qatar
Business
ADNOC, Occidental partner to invest in carbon management projects in UAE, US
Abu Dhabi, UAE - ADNOC and Occidental on Tuesday signed a strategic collaboration agreement (SCA) to evaluate potential investment opportunities...
- The agreement is enabled by the UAE-US Partnership for Accelerating Clean Energy (PACE), which was launched in November 2022
- The partnership will catalyse $100 billion (AED367 billion) investment in clean energy and carbon management projects
Business
Arabian Drilling secures 10 new land rig contracts from Aramco
Al-Khobar, Saudi Arabia – Arabian Drilling Company, one of the largest national onshore and offshore drilling contractor in Saudi Arabia,...
- All ten land rigs are new-builds to be added to the company’s current fleet of 38 units
- The ten contracts are for additional land rigs assigned to Aramco’s Unconventional Program
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
Robots take centre stage at Singapore ‘Olympiad’
Singapore -- The World Robot Olympiad opened in Singapore on Wednesday with hundreds of international students, some as young as...
Geostrategy
Company News
Latest News
Arab, Muslim leaders fly to Saudi Arabia for talks on Gaza, Lebanon
Riyadh, Saudi Arabia -- Arab and Muslim leaders have begun arriving in Saudi Arabia for a summit scheduled for Monday that...
Geostrategy
Bitcoin hits $80,000 for the first time on Trump return optimism
London, United Kingdom -- Bitcoin soared to a new record high on Sunday, as traders bet that Donald Trump's return to...
Business
Global food prices reach 18-month high, vegetable oil cost soars
Paris, France -- Global food prices rose in October to their highest level in 18 months, with a sharp increase in...
Geostrategy
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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).