Abu Dhabi, UAE-- Kazakhstan's BSG Technology is looking to expand its operations into the Middle East, and begin operations in the UAE next year. According to Serik Baimukhanbetov, Deputy Director for Business Development of BSG Technology, the company expects to launch its operations in the UAE market in 2024 and...

ABU DHABI, UAE – ADNOC and Fertiglobe on Tuesday announced the pilot deployment of the world’s first cost-effective modular CycloneCC carbon capture unit at Fertiglobe’s 100 percent owned nitrogen fertilizer plant in the Al Ruwais Industrial Complex here. Fertiglobe was formed as a strategic partnership between ADNOC and OCI Global....

JAZAN, SAUDI ARABIA - The Jazan City for Primary and Downstream Industries has marked a significant milestone with the departure of its inaugural ship, bound for New Orleans, US. This vessel is laden with 37,000 tons of iron steel foundry product (Pig iron), representing the first-ever production of this commodity...

The raids across a swathe of Turkey's predominantly Kurdish southeast came two days after a branch of the PKK -- listed as a terror group by Turkey and its Western allies -- claimed responsibility for Sunday's attack. Turkish police shot dead one of the attackers while the other died in...

Abu Dhabi, UAE-- The UAE will produce 19.8 gigawatts of clean energy by 2030, Suhail bin Mohamed Al Mazrouei, Minister of Energy and Infrastructure, told a global audience of energy leaders at opening of ADIPEC 2023, which convened today under the theme of ‘Decarbonising. Faster. Together.’ Speaking at ADIPEC’s ministerial...

Abu Dhabi, UAE--Abu Dhabi Oil Company (ADOC) is planning more investments and expansions in the UAE, according to a senior company official. Takahiko Shingai, Deputy General Manager and Director of Development Department at ADOC, told the Emirates News Agency (WAM) on the sidelines of the ADIPEC 2023 exhibition and conference...

Dubai, UAE - Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, issued Law No. 17 of 2023 which stipulates that Dubai must possess its distinct emblem, one that mirrors its values and principles, local media reports said. The emblem is considered the property of...

Dubai, UAE - Dubai Electricity and Water Authority (DEWA) commissioned the 200MW second unit of the parabolic basin complex in fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park, local media reports said. This phase uses the Independent Power Producer (IPP) model with investments of up to AED...

Muscat, Oman -- Foreign assets at the Central Bank of Oman (CBO) grew by 27.4 percent to RO 6.855 billion ($17.88 billion) by the end of July 2023, compared to the corresponding period in 2022 data issued by the National Centre for Statistics and Information (NCSI) show. Initial data issued...

MANAMA, BAHRAIN – This week’s US$186 million (BD 70 million) issue of Government Treasury Bills has been oversubscribed by 270 percent. The bills, carrying a maturity of 91 days, are issued by the CBB, on behalf of the Government of Bahrain. The issue date of the bills is October 4,...

Tehran, Iran-- Iran's foreign trade has registered a 4.84 percent jump to $54.6 billion between March and September this year. According to the head of the Iranian customs office (IRICA) Mohammad Rezvanifar, 68 million tons of non-oil goods, valued at $24.1 billion, were exported overseas from March 21 to September...

Tehran, Iran--Iraq and Iran have reviewed the implementation of the security agreement in a meeting between the secretary of Iran's Supreme National Security Council (SNSC) and Iraq's national security adviser. Iraq's National security adviser Qasim al-Araji, who arrived in Tehran on Sunday morning, met and held talks with General Ali-Akbar Ahmadian...

Dubai, UAE--Dubai Chamber of Digital Economy is all set to welcome the global business community to Expand North Star, the world's largest gathering of startups and investors. Expand North Star will host more than 1,800 startup exhibitors from over 100 countries. More than 1,000 investors with a combined total of...

Tripoli, Libya--Libya and Italy have signed an agreement to enhance cooperation to enable air transport companies to operate charter and regular flights between the two countries. In this regard, the Libyan Civil Aviation Authority and the Italian civil aviation authority signed a memorandum of understanding (MoU) at the Ministry of...

RIYADH, SAUDI ARABIA - ROSHN Group, one of the Public Investment Fund (PIF) subsidiaries, announced on Sunday the opening of sales for the latest phase of SEDRA, the group’s flagship integrated community development here. According to a ROSHN Group press release, SEDRA phase 3 will add 3,438 more houses to...

MOSCOW, RUSSIA – A senior Russian official said that they intend to move towards visa-free travel with all countries of Latin America. Director of the Russian Foreign Ministry’s Latin American Department Alexander Shchetinin said that this is an achievable goal. Shchetinin told TASS about the to move towards visa-free travel...

The ministry said two attackers arrived in a commercial vehicle around 9:30 am (0630 GMT) "in front of the entrance gate of the General Directorate of Security of our Ministry of the Interior, and carried out a bomb attack." "One of the terrorists blew himself up and the other was...

The government has capped property rent increases at 25 percent for households, and aligned them with the official inflation rate for businesses. But experts say the measures have only heightened tensions, prompting many landlords to use any means -- including illegal ones -- to evict tenants and find new ones...

Most foreign nations -- including India -- do not officially recognize Afghanistan's Taliban government but acknowledge them as the de facto ruling authority. This has left many Afghan embassies and consulates in limbo, with diplomats appointed by the former government refusing to cede control of embassy buildings and property to...

Palestinian official news agency Wafa reported that Israeli forces had fired "live bullets and tear gas canisters at several young men and children" at the entrance to the camp, adding that the teenager died of his wounds. Saturday's incident is the latest in the West Bank, where violence linked to...

MANILA, PHILIPPINES - The Asian Development Bank (ADB) approved capital management reforms that unlock US$100 billion in new funding capacity over the next decade to address the region’s overlapping crises. The expansion of available funds will be further leveraged through mobilizing private and domestic capital to move from the billions...

Paris, France - Campaign groups on Saturday demanded the perpetrators of the killing of dozens of protesters in southeast Iran one year ago be brought to justice, accusing authorities of using force to quell the latest demonstration in the region. According to activists, Iranian security forces used live fire to suppress...

WASHINGTON, US - The International Monetary Fund (IMF) Executive Board approved a Resilience and Sustainability Facility (RSF) for Morocco of about US$1.3 billion. The arrangement will support Morocco’s transition to a greener economy and help strengthen its preparedness and resilience against natural disasters, including from climate change, the Washington-based institution...

Riyadh, Saudi Arabia-- The Saudi Fund for Development (SFD) has signed two loan agreements with Seychelles to support the social housing in the country. In this regard, CEO of the Saudi Fund for Development (SFD) Sultan bin Abdulrahman Al-Marshad signed two development loan agreements with Seychelles Minister of Finance, National...

Tripoli, Libya-- Qatar and Libya have signed a memorandum of understanding (MoU) to boost cooperation in the field of civil aviation. In this connection, Qatar's General Civil Aviation Authority (GCAA) held Thursday bilateral talks with Libyan Civil Aviation Authority. Acting President of GCAA Mohamed Faleh Al Hajri chaired the Qatari...

WASHINGTON, US - President Joe Biden's administration on Friday announced it would auction three new oil and gas leases in the Gulf of Mexico, triggering a furious reaction from environmental groups who said the move would accelerate climate change. Biden, who faces re-election next year, has repeatedly broken his promise made...

Rome, Italy - The UN Food and Agriculture Organization (FAO) and the UN Environment Program (UNEP) said one billion tons of food are wasted every year, while up to 783 million people around the world are facing hunger. Ahead of the International Day of Awareness on Food Loss and Waste...

New Delhi, India - As hopes dim of further contact with India's Moon rover, the country's space chief has said he was satisfied with the prospect of calling its successful lunar mission to an end. India began exploring the Moon's surface in August after becoming just the fourth nation to land...

Benghazi, Libya - Libya's prosecutor general has ordered the arrest of four more officials, bringing to 12 the number held as part of an inquiry into this month's flood that killed thousands. Flooding caused by hurricane-strength Storm Daniel tore through eastern Libya on September 10, leaving at least 3,893 people dead...

Vienna, Austria -- Qatar Friday called for intensifying international efforts to subject all Israeli nuclear facilities to International Atomic Energy Agency safeguards, and for Israel to join the Treaty on the Non-Proliferation of nuclear weapons as a non-nuclear state. Chairman of the National Committee for the Prohibition of Weapons Dr....

RIYADH, SAUDI ARABIA - Secretary-General of the Gulf Cooperation Council (GCC) Jasem Mohamed AlBudaiwi said that preliminary free trade agreement (FTA) between the GCC and Pakistan will help strengthen trade relations and economic cooperation with countries and international blocs. The statement was made during the signing ceremony of the preliminary...

Amman, Jordan - The UAE Cyber Security Council discussed cybersecurity in the inaugural Jordan Cyber Security Summit 2023, known as DOT Cyber Summit 2023. The DOT Cyber Summit 2023 explored issues related to cyber policies and strategies, international issues related to cyber risks and threats faced by countries. This includes...

JEDDAH, SAUDI ARABIA - The Red Sea International Film Festival has said that internationally renowned writer, director and producer Baz Luhrmann will preside over the festival's Red Sea: Features Competition Jury this year. The festival's third edition will take place from November 30 to December 9 in Jeddah. The Red...

ABU DHABI, UAE - The financial markets of the United Arab Emirates topped the Arab stock exchanges during last week's trading, according to the Arab Monetary Fund (AMF). The fund, in its weekly bulletin on Arab financial markets, which monitors the performance of 13 exchanges, said that the UAE markets...

Riyadh, Saudi Arabia--Red Sea Global (RSG) will become the exclusive agent for Bear Grylls Survival Academy (BGSA) bringing the world-famous survival and adventure brand to Saudi Arabia. It is the second outdoor tourism project of Grylls’ in the Middle East, who has another outpost in the UAE’s Ras Al Khaimah...

AlUla, Saudi Arabia – The world's most popular obstacle-course racing challenge, Tough Mudder, announced the launch of a Tough Mudder Infinity race for the first time in the Middle East, to be held on February 24 next year in AlUla Governorate, one of the most prominent tourist destinations in the...

Riyadh, Saudi Arabia - Saudi Arabia has announced its intention to revise its tourism goals, increasing the target number of visitors from the previous 100 million by 2030 to a new goal of 150 million, Mahmoud Abdulhadi, the Deputy Minister of Destination Enablement at the Ministry of Tourism, said  during...

Seoul, South Korea--QatarEnergy has signed US$3.90 billion worth agreement with Korea's HD Hyundai Heavy Industries (HHI) for the construction of 17 ultra-modern LNG carriers. The deal marks the start of the second phase of QatarEnergy's LNG ship acquisition program, which will support its expanding LNG production capacity from the North...

Abu Dhabi, UAE--Masdar and PLN Nusantara Power (PLN NP) have signed an agreement to develop Phase II of the successful Cirata floating photovoltaic (FPV) power plant in Indonesia by up to 500MW, in a major expansion to Southeast Asia’s largest FPV plant. The signing ceremony was witnessed by UAE Minister...

Jakarta, Indonesia - Indonesia has banned goods transactions on social media platforms in a new regulation, its trade minister said Wednesday, as Jakarta aims to rein in direct sales by major tech firms it says are harming millions of small businesses. Government officials in recent weeks called for social media and...

Wednesday's launch was carried out by the aerospace wing of the Islamic Revolutionary Guard Corps (IRGC), the ideological arm of the country's armed forces.

The Manaus project has just completed its pilot phase with ten prototype boxes fixed to trees in a densely forested area near Manaus, the capital city of Brazil's northern Amazonas state. The team is now looking for more funding to add hundreds more sensors to the system, including ones that...

The former Mastercard chief executive told the Council on Foreign Relations in New York that the bank should alter its current twin mandate of poverty alleviation and boosting shared prosperity to include climate change. Banga's comments in New York come shortly before global leaders are due to gather for the...

Tehran, Iran-- Iran will sign a long-term contract with India to develop Chabahar Port, according to the Islamic republic's minister of roads and urban development. Mehrdad Bazarpash emphasized that a long-term contract for the operationalization of Chabahar Port project with the Indians will be signed in the near future. He...

DUBAI, UAE - The Public Debt Management Office (PDMO) of the Government of Dubai's Department of Finance (DOF) announced a reduction of approximately US$7.8 billion (AED29 billion) in Dubai's public debt by the end of this year. The achievement has been realized within a year and a half since the...

Dubai, UAE - UAE and China explored opportunities for the two countries to cooperate and exchange experiences in areas related to labor, human resources development and skills enhancement. A discussion on these issues was held at a meeting between Dr. Abdulrahman Al Awar, UAE's Minister of Human Resources and Emiratization,...

Tehran, Iran-- Iran's exports of agricultural products to the outside world shot up 10% in the first 5 months of this year, the Iranian customs administration reported on Monday, According to a report released by the Islamic Republic of Iran Customs Administration (IRICA) in the first 5 months of this year...

Riyadh, Saudi Arabia-- Saudi Broadcasting Authority (SBA) has launched a new TV channel called Saudia Alaan (Saudi Now) to highlight the kingdom’s “rapid progress” towards the Saudi Vision 2030 and its recent advancements. The ceremony, held under the patronage of the Minister of Media and Chairman of the Board of...

Abu Dhabi, UAE - The Abu Dhabi Securities Exchange (ADX) signed an agreement with the Expo Center Sharjah to enhance its services for Sharjah’s investor community, local media reports said. The agreement was signed at Expo Centre Sharjah, with Abdulla Salem Al Nuaimi, CEO of ADX, and Saif Mohammed Al...

MANAMA, BAHRAIN - This week’s BD 70 million (US$186 issue of Government Treasury Bills has been oversubscribed by 149 percent. The bills, carrying a maturity of 91 days, are issued by the Central Bank of Bahrain (CBB), on behalf of the Government of the Kingdom of Bahrain.  The issue date...