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Oil prices surge, Asian markets fall following Iran explosions
Oil prices surged more than three percent in early Asian trade, and Asian stock markets slumped by over 3 percent on Friday following reports of explosions in Iran, Syria, and Iraq, sparking fears of an escalation of the Middle East crisis. West Texas Intermediate jumped 4 percent to $86 and Brent rose 3.9 percent to...West Texas Intermediate jumped 4 percent to $86 and Brent rose 3.9 percent to $90.5
Asian stocks tumbled Friday, with Japan’s Nikkei slumping as much as 3.5 percent
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Saudi Arabia surpasses homeownership goals, sets sights on 70% by 2030
The kingdom's housing program achieves remarkable success, surpassing targets and reducing waiting times from 15 years to immediate entitlement, revolutionizing residential ownership.Economy
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Property sector in the UAE is experiencing dynamic growth. Proptech pioneers are anticipating diverse demand and are equipping property seekers with comprehensive information for informed decisions and fostering market empowerment, says Cherif Sleiman, Chief Revenue Officer, Property Finder.
“2024 has opened up to an interesting and promising phase of growth within our sector. As proptech leaders, we can see a more diversified demand and we are positive of the impact this will have in the months to come. We look forward to supporting the market by empowering property seekers with all the information...
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Economy
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Cherif Sleiman
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Israel strikes Syria again following overnight ‘retaliatory’ attack on Iran
Israeli strikes on Friday targeted a Syrian army position in the country's south, a war monitor said, as US media reported Israel had carried out hits on its arch-rival Iran. Rami Abdel Rahman, head of the British-based Syrian Observatory for Human Rights, said the strikes, which he attributed to Israel, "targeted a radar installation of...
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MENA startup investment surges in March 2023
Saudi startups were the biggest beneficiaries of LEAP24 tech conference, securing the lion's share of the total investment of S254 million.Business
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Low-pressure system eases over UAE: Dubai Airport delays remain
The Ministry of Interior has announced the end of the low-pressure weather system that wreaked havoc for many Dubai International Airport inbound and outbound travelers. Â Â The UAE recorded its heaviest rainfall in the 75 years when up to 259.5mm (10.2 inches) of rain fell on Tuesday. On Wednesday, about 300 flights were canceled and...The UAE recorded its heaviest rainfall in the 75 years
Dubai International Airport, a major travel hub, is barely functional
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Call for restraint grows as Iran warns of ‘stronger response’ if attacked
As expected, Iran retaliated early Sunday by firing more than 200 drones and missiles toward Israel in response to Israel's covert attack of Iran's diplomatic office in Damascus that killed nine people.Geostrategy
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Exports key target of GCC hydrogen strategies
Clean hydrogen could be bigger than the oil and gas economy for the region, says Jo Bamford, chairman of HYCAP, which invests in net zero and hydrogen economy.Business
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Top U.S. stock indices drop for third consecutive day on Wednesday
The S&P 500 dropped for a fourth consecutive session on Wednesday, as Nvidia and other struggling technology names put downward pressure on the market, CNBC reported. The broad index lost 0.58% to 5,022.21, while the technology-heavy Nasdaq Composite slid 1.15% to 15,683.37. The Dow Jones Industrial Average fell by 45.66 points, or 0.12%, to 37,753.31,...
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Türkiye’s traditional realty charm: Alive or fading?
Driven by its strategic location, cultural heritage, and government incentives, Türkiye's real estate market remains a focal point for regional investors amid economic fluctuations.Business
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Lebanon’s Hizbollah targets Israel base, wounding 14 soldiers
Hours after the strike on Arab al-Aramshe, an Arab-majority village in northern Israel near the border, Israeli forces hit targets in eastern Lebanon, a Hizbollah source told AFP. According to the source, the strikes targeted a warehouse in Iaat, a residential area near Baalbek, and "lightly" wounded one man.Israel and Hizbollah, an Iran-backed Hamas ally, have been exchanging near-daily cross-border fire since the Palestinian group attacked southern Israel on October 7
But Hizbollah strikes in the past few days have included a growing use of explosive drones and wounded people in Israel, which has struck deeper into Lebanon in recent weeks
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Gulf nations embark on defense industry localization
Saudi Arabia leads GCC efforts towards defense self-reliance by creating the first military industries committee, aiming to reduce foreign imports and enhance local capabilities.Economy
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India plugs into the Gulf region with power cables
India is poised to revolutionize its energy landscape by linking its power grid with Saudi Arabia and the UAE via undersea cables.Economy
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Climate impacts set to cut 2050 global GDP by nearly a fifth
But slashing greenhouse gas emissions as quickly as possible remains crucial to avoid even more devastating economic impacts after mid-century, researchers reported in the journal Nature. The study projects that -- absent climate impacts after 2020 -- global GDP would double by 2050 from $100 trillion in 2022.
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Abu Dhabi targets 39.3 million visitors by 2030
Emirate's new tourism strategy aims to increase the sector’s contribution to GDP from $13.34 billion in 2023 to $24 billion by 2030.Business
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Italy PM Meloni visits Tunisia for migration talks
Meloni's latest visit to Tunisia came as part of her so-called Mattei Plan, a program aiming to posit Italy as a key bridge between Africa and Europe.Meloni met with Saied, who vowed in a national security meeting the day before that Tunisia "will be neither a center nor a crossing point" for sub-Saharan migrants
"Cooperation on migration remains a central aspect of the relationship between Italy and Tunisia," Italian officials said
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Saudi Arabia set to leap into space tourism by 2026
Madrid-based Halo Space Company has selected Saudi Arabia as its launch site for space tourism, offering tours at $164,000 per person for a unique stratospheric Earth view.Economy
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‘GCC offers generous opportunities to expat women’
Eti Bhasin, a trailblazing restaurateur in Dubai's thriving hospitality scene, navigates challenges with resilience and innovation at her popular eatery, Dhaba Lane.Business
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Saudi Arabia surpasses homeownership goals, sets sights on 70% by 2030
The kingdom's housing program achieves remarkable success, surpassing targets and reducing waiting times from 15 years to immediate entitlement, revolutionizing...Economy
Company news
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“2024 has opened up to an interesting and promising phase of growth within our sector. As proptech leaders, we can see a more diversified demand and we...By Cherif Sleiman
Latest news
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Top U.S. stock indices drop for third consecutive day on Wednesday
The S&P 500 dropped for a fourth consecutive session on Wednesday, as Nvidia and other struggling technology names put downward... -
Lebanon’s Hizbollah targets Israel base, wounding 14 soldiers
Hours after the strike on Arab al-Aramshe, an Arab-majority village in northern Israel near the border, Israeli forces hit targets... -
Climate impacts set to cut 2050 global GDP by nearly a fifth
But slashing greenhouse gas emissions as quickly as possible remains crucial to avoid even more devastating economic impacts after mid-century,... -
Italy PM Meloni visits Tunisia for migration talks
Meloni's latest visit to Tunisia came as part of her so-called Mattei Plan, a program aiming to posit Italy as...
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MENA startup investment surges in March 2023
Saudi startups were the biggest beneficiaries of LEAP24 tech conference, securing the lion's share of the total investment of S254...Business
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Call for restraint grows as Iran warns of ‘stronger response’ if attacked
As expected, Iran retaliated early Sunday by firing more than 200 drones and missiles toward Israel in response to Israel's...Geostrategy
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Gulf nations embark on defense industry localization
Saudi Arabia leads GCC efforts towards defense self-reliance by creating the first military industries committee, aiming to reduce foreign imports...Economy
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UN Security Council to vote this Thursday on full Palestinian membership
Against the backdrop of the grinding conflict in Gaza, a city largely devastated by more than six months of war... -
US, EU to impose fresh sanctions on Iran following recent missile attack on Israel
The United States announced Tuesday that it was preparing new sanctions on Iran's missile and drone program after last weekend’s... -
Dubai airport diverts flights as ‘exceptional weather’ hits Gulf
Dubai, the Middle East's financial centre, has been paralyzed by the torrential rain that caused floods across the UAE and... -
Jordan says won’t become ‘theatre of war’ between Israel and Iran
If the Gaza war raging since October 7 has created tough challenges for Jordan, it now faces the additional threat... -
Equities sink, oil rallies on fears of Iran-Israel conflict
Stock markets fell and oil prices climbed Tuesday on growing fears of a wider war in the Middle East after...
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Exports key target of GCC hydrogen strategies
Clean hydrogen could be bigger than the oil and gas economy for the region, says Jo Bamford, chairman of HYCAP,...Business
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Racing rodents to resolve mental health challenges
University of Richmond's rat drivers first dazzled the world with their ability to operate tiny cars back in 2019. They...Science
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Türkiye’s traditional realty charm: Alive or fading?
Driven by its strategic location, cultural heritage, and government incentives, Türkiye's real estate market remains a focal point for regional...Business
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India plugs into the Gulf region with power cables
India is poised to revolutionize its energy landscape by linking its power grid with Saudi Arabia and the UAE via...Economy
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Abu Dhabi targets 39.3 million visitors by 2030
Emirate's new tourism strategy aims to increase the sector’s contribution to GDP from $13.34 billion in 2023 to $24 billion...Business
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‘GCC offers generous opportunities to expat women’
Eti Bhasin, a trailblazing restaurateur in Dubai's thriving hospitality scene, navigates challenges with resilience and innovation at her popular eatery,...Business
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Saudi Arabia surpasses homeownership goals, sets sights on 70% by 2030
The kingdom's housing program achieves remarkable success, surpassing targets and reducing waiting times from 15 years to immediate entitlement, revolutionizing...Economy
Company news
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Economy
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“2024 has opened up to an interesting and promising phase of growth within our sector. As proptech leaders, we can see a more diversified demand and we...
Latest news
-
Top U.S. stock indices drop for third consecutive day on Wednesday
The S&P 500 dropped for a fourth consecutive session on Wednesday, as Nvidia and other struggling technology names put downward... -
Lebanon’s Hizbollah targets Israel base, wounding 14 soldiers
Hours after the strike on Arab al-Aramshe, an Arab-majority village in northern Israel near the border, Israeli forces hit targets... -
Climate impacts set to cut 2050 global GDP by nearly a fifth
But slashing greenhouse gas emissions as quickly as possible remains crucial to avoid even more devastating economic impacts after mid-century,... -
Italy PM Meloni visits Tunisia for migration talks
Meloni's latest visit to Tunisia came as part of her so-called Mattei Plan, a program aiming to posit Italy as...
-
MENA startup investment surges in March 2023
Saudi startups were the biggest beneficiaries of LEAP24 tech conference, securing the lion's share of the total investment of S254...Business
-
Call for restraint grows as Iran warns of ‘stronger response’ if attacked
As expected, Iran retaliated early Sunday by firing more than 200 drones and missiles toward Israel in response to Israel's...Geostrategy
EDITOR'S PICK
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Gulf nations embark on defense industry localization
Saudi Arabia leads GCC efforts towards defense self-reliance by creating the first military industries committee, aiming to reduce foreign imports...Economy
Latest News
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UN Security Council to vote this Thursday on full Palestinian membership
Against the backdrop of the grinding conflict in Gaza, a city largely devastated by more than six months of war... -
US, EU to impose fresh sanctions on Iran following recent missile attack on Israel
The United States announced Tuesday that it was preparing new sanctions on Iran's missile and drone program after last weekend’s... -
Dubai airport diverts flights as ‘exceptional weather’ hits Gulf
Dubai, the Middle East's financial centre, has been paralyzed by the torrential rain that caused floods across the UAE and... -
Jordan says won’t become ‘theatre of war’ between Israel and Iran
If the Gaza war raging since October 7 has created tough challenges for Jordan, it now faces the additional threat... -
Equities sink, oil rallies on fears of Iran-Israel conflict
Stock markets fell and oil prices climbed Tuesday on growing fears of a wider war in the Middle East after...
Company news
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Exports key target of GCC hydrogen strategies
Clean hydrogen could be bigger than the oil and gas economy for the region, says Jo Bamford, chairman of HYCAP,...Business
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Pink diamond sells for nearly $58m in Hong Kong
The winning bid, by an undisclosed buyer from Boca Raton, Florida, was more than twice the estimated $21 million sale...Business
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Türkiye’s traditional realty charm: Alive or fading?
Driven by its strategic location, cultural heritage, and government incentives, Türkiye's real estate market remains a focal point for regional...Business
-
India plugs into the Gulf region with power cables
India is poised to revolutionize its energy landscape by linking its power grid with Saudi Arabia and the UAE via...Economy
-
Abu Dhabi targets 39.3 million visitors by 2030
Emirate's new tourism strategy aims to increase the sector’s contribution to GDP from $13.34 billion in 2023 to $24 billion...Business
-
‘GCC offers generous opportunities to expat women’
Eti Bhasin, a trailblazing restaurateur in Dubai's thriving hospitality scene, navigates challenges with resilience and innovation at her popular eatery,...Business