Brussels, Belgium - The EU demanded on Thursday that Apple and Google provide more details on how they identified risks concerning their respective software hubs, the App Store and Google Play. The request for information is the first step in a process begun under the EU's Digital Services Act (DSA), but...

BERLIN, GERMANY -  Germany will stop accepting imams sent from Turkey and instead train the Muslim clerics on home soil in a bid to encourage integration, the interior ministry said on Thursday. An agreement has been reached with the Turkish-Islamic umbrella group DITIB to phase out foreign imams and train 100...

ADCB to sell 80 percent stake in ADCP to Nine Yards Plus.

Shenzhen, China - Saudi Ministry of Environment, Water and Agriculture discussed ways to enhance investments between the Kingdom and China in the aquaculture sector with representatives of more than 60 specialized Chinese companies. The National Fisheries Development Program, a delegation of Saudi ministry, participated in the Global Investment Promotion Conference,...

Proceeds of the facility will be used for general corporate purposes.

RIYADH, SAUDI ARABIA – The Saudi Ports Authority (Mawani) attained its highest improvement in the UNCTAD's Liner Shipping Connectivity Index (LSCI) for Q4 2023, securing a remarkable score of 79.01 points. This aligns with the objectives of the National Transport and Logistics Strategy (NTLS). This achievement adds to the recent...

MBC Group runs a group of TV and radio channels.

Slowing demand growth and rising US crude production will make it more difficult for OPEC+ to continue to prop up prices, the IEA said on Thursday. The OPEC+ cartel, led by Saudi Arabia and Russia, has been restraining production to maintain prices but the latter have recently slumped due to...

Sharjah, UAE--The board of directors of the Arab Union for International Exhibitions Conferences (AUIEC), operating under the Council of Arab Economic Unity of the League of Arab States, has approved its budget and the Union's action plan for 2024. The plan, endorsed during the second periodic meeting for 2023 held...

Tesla's Autopilot program has spurred numerous government investigations as well as media exposes focusing on misuse or vulnerabilities. The system has also been targeted in lawsuits. In October, a California jury rejected a plaintiff’s suit against Tesla which claimed that a fatal 2019 crash was the result of the company's...

The IMF said the debt relief will facilitate access to additional financial resources that will help it strengthen economy, reduce poverty, and promote job creation. Somalia is one of the poorest in the world, struggling to recover from decades of civil war, and with 70% of its population living on...

The agreement will bolster cross-border ETF cooperation.

Reeling from a calamitous drop in advertisement revenues and public trust, news media organizations are reworking strategies to create "niche" content.

Berlin, Germany -- Axel Springer said Wednesday it was partnering up with the maker of ChatGPT, OpenAI, which will pay the German media group to include its journalism in responses generated by the chatbot. "ChatGPT users around the world will receive summaries of selected global news content from Axel Springer’s media...

Doha, Qatar -- Qatar reported a total of 321 real estate transactions worth QR 1.46 billion ($400 million) in November 2023, with the index of sold real estate increasing by 10 percent and the index of traded areas by 7 percent. Top-performing municipalities in financial value included Doha, Al Rayyan,...

Riyadh, Saudi Arabia -- In the third quarter of 2023, Saudi investors engaged in sell and buy transactions on US equities with a total value of SAR 13.7 billion ($3.65 billion) through capital market institutions. This reflects a substantial year-on-year (YoY) fall of SAR 9.15 billion, equivalent to a 40...

Dubai, UAE--Expo City Dubai and Universal Materials Incubator (UMI), a Japanese venture capital firm, have teamed up to identify and support groundbreaking startups, particularly those in the technology and sustainability sectors, establishing an incubation and accelerator programme that will nurture innovators and provide mentorship, resources and workspace. The two parties...

DUBAI, UAE - With global attention on the COP28 climate summit, UNCTAD’s eWeek 2023 highlighted digitalization’s potential to accelerate climate action and its environmental costs. Data-driven technologies like the Internet of Things, robotics and artificial intelligence (AI) can enhance climate change monitoring, optimize energy use and production processes, and promote...

DUBAI, UAE - The outlook for 2024 remains “highly uncertain and generally pessimistic,” UNCTAD says in the Global Trade Update, citing factors like ongoing geopolitical tensions, escalating debt and widespread economic fragility. Other elements weighing on trade include lower demand in developed countries, less trade in East Asia, an uptick...

Gas & Oil is one of the largest retail and storage firms in Pakistan.

The partnership will utilize low-cost indoor farming solution.

The dividend of $1.27 billion is payable on Mar 4, 2024.

According to local media Halil Umut Meler was the transferred to a hospital due to his injuries. the TFF said that responsible club, the Club President, its managers and all the criminals who attacked Halil Umut Meler will be punished in the most severe way.

The agreement will bring AI innovation to food production.

DUBAI, UAE – Vice President, Prime Minister and Ruler of Dubai Sheikh Mohammed bin Rashid Al Maktoum has issued Law No. (25) of 2023 establishing the Dubai Investment Fund as an independent public entity operating on a commercial basis. The law also endows the Fund with the financial and administrative...

RIYADH, SAUDI ARABIA - The Public Investment Fund (PIF) announced on Monday the establishment of Dan Company, specializing in agritourism and ecotourism, according to a PIF press release. The company plans to develop unique tourism projects around cities across Saudi Arabia with attractive natural and farmed landscapes, the release said....

RIYADH, SAUDI ARABIA – Russia and Saudi Arabia expressed concern on the present situation in Gaza and said that a two-state solution is the only way to ensure peace in the region. The two countries issued a joint statement at the conclusion of Russian President Vladimir Putin’s visit to Saudi...

The firm said the cuts will be completed by the end of 2025.

Dubai, UAE-- The International Islamic Trade Finance Corporation (ITFC) is looking to ramp up its sustainable and green financing to nearly 30% of its total financing portfolio. This was stated by Hani Salem Sonbol, CEO of the ITFC, affiliated with the Islamic Development Bank Group. Speaking to the Emirates News...

Indonesia is TikTok's second-largest global market.

Doha, Qatar-- Oil and gas producers in the Middle East are assessing "challenges and opportunities" available for their economies to grow while depending on hydrocarbon by working to enhance cooperation in the rapid transitions in the European energy field. The eagerness to make a transition toward clean energy and strike...

Dubai, UAE-- The COP28 Presidency is focused on achieving a balanced package in the negotiations, according to Ambassador Majid Al Suwaidi, COP28 Director-General and Special Representative, noting that they hosted a stocktaking plenary to outline progress made at the technical level and hear feedback on building areas of convergence. During...

Riyadh, Saudi Arabia -- The National Debt Management Center (NDMC) completed the arrangement of a syndicated international loan worth $11 billion. A total of 14 international financial institutions from Asia, the Middle East, Europe, and the US participated in the 10-year loan, NDMC said in a statement Sunday, according to...

NEOM, Saudi Arabia: NEOM, a mega-city project in Saudi Arabia characterized by futuristic urban planning and advanced technologies, Sunday announced the launch of Topian, the NEOM Food Company. Neom said in a statement that Topian seeks to redefine food production, distribution, and consumption through the creation of sustainable and innovative food...

Abu Dhabi, UAE-- In order to speed up the energy transition there must be a fast increase in the production of green hydrogen, according to a joint report by the International Renewable Energy Agency (IRENA) and World Trade Organisation (WTO). The report published on December 9 provides insights into global...

Dubai, UAE--The Arab Centre for the Studies of Arid Zones and Dry Lands (ACSAD) will partner with the UAE's Ministry of Climate Change and Environment (MOCCAE) to realise the country's vision of reaching zero neutrality by 2050, according to a senior official of the Damascus-based centre. “As an Arab organisation...

Dubai, UAE--The head of OPEC has urged members of the oil cartel to reject any deal at UN climate talks in Dubai that "targets" fossil fuels instead of emissions, according to a letter seen Friday by AFP. In the letter sent Wednesday, OPEC Secretary General Haitham Al Ghais said he...

Manama, Bahrain-- Bahrain and Germany have held discussions to boost ties in the health field as the two countries seek to deepen overall ties. In this connection, Lieutenant-General Dr. Shaikh Mohammed bin Abdulla Al Khalifa, Chairman of the Supreme Council for Health (SCH), met, in the presence of Dr. Jaleela...

The EU's internal market commissioner, Thierry Breton. called the deal as historic, regulating artificial intelligence models such as ChatGPT. Negotiators in Brussels nailed down curbs on how AI can be used in Europe, which they said would not hurt innovation in the sector nor the prospects for future European AI...

Riyadh, Saudi Arabia--The General Civil Aviation Authority (GCAA) of the UAE signed two memorandums of understanding (MoUs) with Brazil and Switzerland to strengthen cooperation in the field of air transportation with Brazil and Switzerland. The agreements were signed on the sidelines of the UAE delegation's participation in the fifteenth ICAO...

Israeli forces maintained a relentless bombardment and ground invasion across Gaza two months after Hamas's deadly attack sparked a war that has decimated the Palestinian territory and triggered an extraordinary UN bid for a ceasefire. The fighting has left 17,487 people dead in Gaza, mostly women and children, said the...

DUBAI, UAE — The supply of under construction warehouse stock in Dubai’s industrial market stands at 1.56 million square feet according to Knight Frank's latest report: Dubai & Abu Dhabi Industrial Markets Review, Q3, 2023. According to Knight Frank, demand is outstripping supply and occupiers are faced with the prospect of...

Bac Giang, Vietnam - Vi Thi Anh spent half a decade doing monotonous low-paid work in industrial hubs near Vietnam's capital Hanoi, assembling mobile phones for global electronics companies including Samsung. Then she discovered she could earn vastly more hawking food products to thousands of followers as one of the country's...

The investment opportunities are being explored in offshore gas projects.

Dubai, United Arab Emirates – Over-confidence is leaving consumers in UAE open to becoming victims of fraud, according to Visa’s annual Stay Secure study released Thursday. Despite more than half of respondents (61 percent vs. 56 percent global average) claiming to be savvy enough to sidestep online and phone scams,...

Washington, United States -- The United States will have its first high-speed train -- between Los Angeles and Las Vegas -- in 2028, the Biden administration said Friday as it unveiled a series of major rail investments. This project called Brightline West, from the name of the Florida-based company that will...

Riyadh, Saudi Arabia -- Crown Prince Mohammad bin Salman, Prime Minister and Chairman of the board of directors of the Qiddiya Investment Co. (QIC) launched the urban design for the city of Qiddiya and Qiddiya’s brand, Saudi Press Agency reported. Qiddiya city will become, in the near future, the foremost...

Ramped up defenses against snooping that include disappearing messages come as the US company defends against lawsuits accusing it of being misleading about safety at its family of apps and of being a "breeding ground" for predators who target children. Meta worked closely with outside experts, academics, advocates, and governments...

The UK unit employs about 17,000 staff and the Swiss over 2,600.

RIYADH, SAUDI ARABIA -  Awaed Alosool Capital announces the launch of the Awaed platform, revolutionizing investment opportunities in public listed companies. Awaed Alosool unveils an innovative platform dedicated to empowering individuals in Saudi Arabia with seamless access to Sharia compliant investment in various financial instruments, including investment funds and stock markets.Awaed...