Abu Dhabi, UAE - G42, an Abu Dhabi-based AI technology holding group, and Mubadala Investment Company on Tuesday announced the launch of M42, a first-of-its-kind, tech-enabled, integrated healthcare company created through the coming together of G42 Healthcare and Mubadala Health. M42 combines G42 Healthcare’s medical and data-centric technologies with Mubadala...

Riyadh, Saudi Arabia-- Saudi Arabia and the Netherlands have discussed the possibility of exporting clean hydrogen from the kingdom to Europe. In this regard, Energy Minister Prince Abdulaziz Bin Salman met with the Deputy Prime Minister and Minister of Foreign Affairs of Netherlands Wopke Hoekstra in Jeddah. The meeting also...

Doha, Qatar-- Inflation in Qatar rose by 4.01 percent year-on-year in March, because of a rise of prices across eight categories, according to data released by the Planning and Statistics Authority.   The Consumer Price Index of March 2023, which is a broad measure of inflation, reached 105.55 points, up by...

Jeddah, Saudi Arabia - Saudi Crown Prince Mohammed bin Salman bin Abdulaziz on Monday  met the Saudi astronauts: Rayana Bernawi, Ali Al-Qarni, Mariam Fardous and Ali Al-Ghamdi before the launch of the kingdom’s scientific mission to the International Space Station (ISS). The Crown Prince welcomed the crew of the scientific...

The Tesla tycoon bitterly denies that misinformation has surged since his turbulent $44 billion acquisition of the messaging platform, but experts say content moderation has been gutted after mass layoffs, while a paid verification system has served to boost conspiracy theorists.

Iran's judiciary had said in November 2021 that a trial had opened in Tehran for 10 military members in connection with the jet's downing.

In February this year, the Iraqi foreign minister reiterated Baghdad's support for a ceasefire and negotiations to end the war in Ukraine, during a visit to Baghdad by his Russian counterpart Sergei Lavrov.

DOHA, QATAR - Qatar expects more than five million people to visit the Gulf state in 2023 despite a post-World Cup lull, its tourism chief said on Sunday. Akbar Al-Baker, head of Qatar Airways and Qatar Tourism, admitted that hotels had fallen quiet after the World Cup final on December 19....

Dubai, UAE -- Abu Dhabi Commercial Bank and its Shari’ah compliant digital banking subsidiary Al Hilal Bank have announced a partnership with Bank of London and the Middle East (BLME) to bring digital UK banking to UAE nationals and residents through Nomo. Customers in the UAE can now open UK-based...

Paris, UAE -- Without $97 billion in extra funding, a range of countries will fail to meet their 2030 national education targets, a new UN report has said, calling for an urgent review of financing. The paper “Can countries afford their national SDG4 benchmarks?” by the Global Education Monitoring (GEM)...

Sanaa, Yemen-- Yemeni rebels and government forces freed scores of prisoners Sunday on the last of a three day exchange of nearly 900 detainees, boosting hopes of ending their protracted civil war. Planes carrying detainees took off at the same time from the Houthi rebel-held capital of Sanaa and the government-controlled...

Dubai, UAE -- The UAE continues to be the second most important export destination for India, according to annual trade figures released by India's Ministry of Commerce and Industry. The US and the UAE retained the first and second places respectively in this category during the financial year 2022-23, the...

Abu Dhabi, UAE - The UAE is among the largest international investors in Brazil, with an estimated US$5 billion in Emirati investments in South American country, with the presence of major Emirati companies such as Mubadala, the largest Emirati investor in Brazil, DP World, Emirates Airlines, First Abu Dhabi Bank,...

Dubai, United Arab Emirates--A fire in a residential building in Dubai killed 16 people and injured nine others in the wealthy Gulf emirate, local media reported. The fire broke out at midday Saturday on the fourth floor of the building in the Al-Ras neighbourhood in the old part of the city....

Algiers, Algeria-- Syrian Foreign Minister Faisal Mekdad arrived in Algeria on Saturday, Algerian state radio reported late on Friday, a visit that reinforces Damascus' openness to the Arab world after it was isolated for more than a decade. The Algerian foreign minister, Ahmed Ataf, received the visiting minister, state radio...

DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) successfully launched its second nanosatellite, DEWA SAT-2, aboard SpaceX’s Falcon 9 rocket from Vandenberg Space Force Base in California, USA. The launch of DEWA SAT-2 underlines the firm's commitment in using space technologies to improve the operations, maintenance and planning of...

Dubai, UAE -  Dubai has issued a law to regulate the operations of autonomous vehicles in the city. The new law aims to accelerate the city's smart mobility transformation, attract investments in the sector and provide a regulatory environment that facilitates the use of artificial intelligence (AI) in transportation. The...

Abu Dhabi, UAE--Presight AI and the Ministry of Communication, Telecommunications and Digital Economy of the Republic of Senegal (MCTEN), have signed a Memorandum of Understanding (MoU) to accelerate digital transformation initiatives and economic benefits for the citizens of Senegal. Under the agreement, Presight will work closely with MCTEN to support...

Abu Dhabi, UAE--Credit facilities provided by national banks to the business and industrial sector rose 5.2 percent on a YoY basis to $9.61 billion by the end of last January, according to figures revealed by the Central Bank of the United Arab Emirates (CBUAE). The apex bank's figures showed that...

San Francisco, United States--Elon Musk has formed an X.AI artificial intelligence corporation based in the US state of Nevada, according to business documents that surfaced on Friday. Musk, who is already the boss of Twitter and Tesla, was listed as director of X.AI Corporation founded on March 9, a state business...

The members also exchanged views on progressing the implementation of Multilateral Convention to Implement Tax Treaty Related Measures to Prevent base erosion and profit shifting (BEPS) to advance the international taxation agenda.

Sky-high inflation driven by sharp increases in the cost of energy prompted the ECB to crank up interest rates at a record pace to try to tame consumer price prices.

Dubai, UAE -- Dubai's real estate market recorded real estate transactions worth AED1.1 billion ($299 million) on Friday, according to the data released by Dubai's Land Department. The transactions included 335 sales worth AED916.36 million on Friday, in addition to 61 mortgage deals totaling AED214.37 million, and four gift deals...

Tunis, Tunisia -- A professional footballer in Tunisia has died after setting himself alight earlier this week in what he said was a protest against the "police state" ruling the country, his brother said Friday. Nizar Issaoui, 35, suffered third-degree burns from his action in the village of Haffouz in the...

Riyadh, Saudi Arabia - Saudi Arabia's annual inflation rate dropped to 2.7 percent in March from 3 percent in February, as per government data.  The decrease was mainly driven by a rise in housing rents. Housing, water, electricity, gas, and other fuels rose by 7.4 percent from the previous year,...

Paris, France - With flowing kaftans, fluid separates and glamorous maxi dresses, Western luxury fashion brands are increasingly targeting the monied Middle Eastern market with Ramadan capsule collections. "You're about to be the best-dressed person at every iftar and suhoor that you attend," declared Cosmopolitan Middle East magazine earlier this month...

Abu Dhabi, UAE - Egypt has over 3,000 Emirati companies operating in telecommunications, construction, smart cities, retail, oil and gas, ports, agriculture, hotels, and services. This was revealed by Jamal bin Saif Al Jarwan, Secretary-General of the UAE International Investors Council (UAEIIC). Giving further details, Al Jarwan said that the...

Awadh Seghayer Al Ketbi, Director-General of the DHA, said Dubai’s ability to provide high-quality patient-centered medical care has accelerated its growth as an Arab, regional and international healthcare destination.

Rome, Italy -- Tackling gender inequalities in agrifood systems and empowering women reduces hunger, boosts the economy, and reinforces resilience to shocks like climate change and the COVID-19 pandemic, a report by the Food and Agriculture Organization (FAO) of the United Nations said. The status of women in agrifood systems...

Doha, Qatar: Chinese oil giant Sinopec on Wednesday became the first Asian firm to get a stake in Qatar's expansion of North Field East, the Gulf country's energy company announced. North Field contains the world's biggest natural gas reserves and extends under the Gulf into Iranian territory. China is already...

Washington, United States--World Bank member countries have endorsed measures allowing a $50 billion lending boost over the next decade, its outgoing president David Malpass said Wednesday. The move, announced during the International Monetary Fund (IMF) and World Bank spring meetings in Washington, is part of an ongoing evolution of the development...

Dubai, UAE -- The ongoing Taif rose season in Saudi Arabia, which starts at the beginning of March and last for 45 days, fills the city with fragrance and the bright-colored flowers attract rose lovers and perfume makers from the kingdom and abroad. The visitors take part in the activities...

Sharjah, UAE -- A total of 3,386 real estate deals worth AED1.7 billion ($462 million) were recorded in Sharjah in March 2023, according to the Mortgage Movement Report by Sharjah Real Estate Registration Department (SRERD). A total of 595 sales transactions representing 17.6 percent of the deals, while 319 mortgage...

The two leaders talked about de-escalation in the region and maintaining deterrence against threats from Iran and elsewhere.

The Big Beau project, located in California, comprises a 128-megawatt solar plant and a 40 MW/160 MWh battery energy storage system.

DUBAI, UAEI--Dubai saw remarkable growth in medical tourism in 2022 with 674,000 medical tourists spending $270 million in the year. According to a report issued by the Dubai Health Authority (DHA), 39% percent of the medical tourists who came to Dubai were from Asian countries, 22% from Europe and the...

Abu Dhabi, UAE -- Speaker of the UAE Federal National Council (FNC) Saqr Ghobash, and the Chinese Ambassador to the UAE Zhang Yiming discussed bilateral ties at the FNC’s headquarters here. The two sides discussed a range of issues of mutual concerns, and ways of developing the overall bilateral ties...

Washington, United States--The underlying drivers of historically-high global inflation could persist until 2025, the International Monetary Fund's chief economist told AFP on Tuesday. Prices around the world have surged since the rapid reopening of the global economy after the Covid-19 pandemic. Inflation was further fueled by Russia's invasion of Ukraine last...

Riyadh, Saudi Arabia - Saudi Arabia's Attribution and Liquidation Center (Infath) will hold 11 public auctions, both physical and online, between April 11 and April 30, 2023. This includes sale and liquidation of 136 various properties, ranging from residential, commercial, agricultural and industrial, located in 10 different regions in the...

Dubai, UAE – Spending on artificial intelligence in the Middle East and Africa (MEA) — including Israel — will reach $3 billion in 2023, according to the latest Worldwide Artificial Intelligence Spending Guide from International Data Corporation (IDC). While this will account for just 2 percent of the global total...

Abu Dhabi, UAE-- The UAE and Malta have signed three memoranda of understanding in areas of maritime affairs, youth, and sports. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, received Ian Borg, Minister for Foreign and European Affairs and Trade of the Republic of Malta....

TEHRAN, IRAN  -  Iran's parliament has adopted proposals to toughen penalties for perpetrators of violence against women which could be voted into law within months, state media has reported. Initiated more than 10 years ago, discussions in parliament led to the adoption on Sunday of the general principles of a draft...

Abu Dhabi, UAE - Abu Dhabi Quality and Conformity Council (QCC) has made strides in developing the quality infrastructure of Abu Dhabi, enhancing the emirate's regional and international competitiveness in various key sectors, QCC annual report for 2022 said. QCC reported that achievements last year spanned preparing and implementing conformity...

DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) which is listed on the Dubai Financial Market (DFM) on Monday reported that its shareholders approved the payment of total dividend of US$1.29 billion (AED 4.77 billion) with a record date of April 20, 2023. This approval came during DEWA’s general...

Dubai, UAE--Dubai Customs has discussed with the Global Innovation Institute (GInI) how they can further enhance their customs services and boost returns on commercial operations. Dr. Hussam Jumaa, Director of Service Innovation at Dubai Customs, and Anthony Mills, the Executive Director of the Global GInI, discussed various initiatives to improve...

Aden, Yemen - The fourth batch of the Saudi Oil Derivatives Grant, consisting of 150,000 metric tons of diesel and 100,000 metric tons of mazut, has arrived at the oil port in Aden.  This initiative is part of Saudi Arabia's ongoing efforts to support the Yemeni people, in response to...

Dubai, UAE -- Kuwait's Prime Minister Sheikh Ahmad Nawaf al-Sabah has named Manaf Abdulaziz Al Hajri as minister for finance and minister of state for economic and investment affairs in the new cabinet announced Sunday. Most of the ministerial portfolios remain unchanged in the new cabinet, such as Bader Al...

Dubai, UAE – Saudi Arabia has achieved 60 percent self-sufficiency in the production of mangoes in the kingdom, producing more than 88000 tons of mangoes on more than 6880 hectares of land, the Ministry of Environment, Water and Agriculture said. This comes at a time when the Ministry is working...

VATICAN CITY, HOLY SEE - Pope Francis underlined his "deep concern" over a flare-up in tensions between Israel and Palestinians, as he led Easter Mass on Sunday. He said the renewed violence "threatens the desired climate of trust and mutual respect needed to resume dialogue between Israelis and Palestinians," as he...

Ras Al Khaimah, UAE--Ras Al Khaimah Economic Zone (RAKEZ) brought in 1,839 new companies in the first quarter of 2023, representing 122% growth compared to the same period in 2022, indicating a strong start to the year for the economic zone. RAKEZ Group CEO Ramy Jallad commented on this achievement:...