Singapore-- Saudi Arabia and Singapore have pledged to enhance economic cooperation between the two countries and also reviewed the challenges facing the global economy. In this connection Saudi Minister of Finance Mohammed Aljadaan met in Singapore with Deputy Prime Minister and Minister of Finance of Singapore, Lawrence Wong. According to...

LONDON, UK - Liverpool have rejected a blockbuster £150 million ($190 million) offer for Mohamed Salah from Saudi Arabian side Al-Ittihad, according to reports on Friday Egypt star Salah has been linked with a move to the Gulf State for several weeks and it is believed a verbal offer was made...

TEHRAN, IRAN  – Iran’s export of non-oil products to the Economic Cooperation Organization (ECO) member states in the first four months of the current Iranian year exceeded $3.6 billion, an official said. Iran exported $3.615 billion worth of non-oil goods to the ECO member states from March 21 to July...

Wall Street's three main indexes ended a volatile August on a tepid note Thursday after data showed the Fed's preferred gauge of inflation -- the personal consumption expenditures index -- ticked a little higher in July.

Washington, United States - NASA has spotted a small new crater on the Moon that was likely caused by a Russian probe crash landing on the surface around two weeks ago. The finding was made by the Lunar Reconnaissance Orbiter (LRO) by comparing before and after images of the estimated impact...

RIYADH, SAUDI ARABIA -  Agri-Nutrients SABIC, in cooperation with the American companies ADM and BiOWiSH has helped farmers achieve high productivity using sustainable and cost-efficient methods. Through these collaborative efforts SABIC aims to help reduce the carbon footprint in the agricultural supply chain, especially after the company obtained the world's...

Abu Dhabi, UAE - ADNEC Group, through its tourism arm Tourism 365, has launched new charter flight services in the UAE, enhancing travel options for international tourists from multiple destinations. The new service, available from Europe and central Asia, is poised to increase visitor arrivals to the UAE, while further...

Dubai, UAE - An airport terminal able to handle up to 45 million passengers a year will open in Abu Dhabi in November, state media said Thursday, accelerating competition in the crowded Gulf market. Terminal A in the oil-rich United Arab Emirates capital, touted as one of the world's biggest, will...

Beijing, China - Moody's further downgraded the credit ratings of Chinese property developer Country Garden on Thursday as the heavily indebted firm faces a crucial vote to avoid defaulting on a bond repayment. The ratings firm said it had cut Country Garden from Caa1 to Ca, indicating obligations that are "highly...

DUBAI, UAE –   Bitay, a cryptocurrency platform from Turkey, announced its expansion into the UAE's burgeoning crypto market. The UAE, which has an impressive 99% internet penetration rate according to a McKinsey study, welcomes Bitay. This move aligns with the UAE’s growing stature as a global digital hub and its...

ABU DHABI, UAE - Chief Investment Officer, Emerging Markets at UBS Global Wealth Management Michael Bolliger forecasts the UAE's gross domestic product (GDP) to stand at 3.5 percent in 2023, rising to 3.9 percent in 2024. In a statement to the Emirates News Agency (WAM), Bolliger shared the bank's positive...

ABU DHABI, UAE - Credit facilities provided by national banks to the business and industrial sectors rose by US$7.7 billion (AED 28.5 billion) in the first half of 2023, according to figures revealed by the Central Bank of the United Arab Emirates (CBUAE). The apex bank’s figures showed that the...

Brussels, Belgium - The annual rate of inflation in the eurozone remained unchanged in August as there was a smaller drop in energy prices, the EU's official statistics agency said Thursday. Consumer prices reached 5.3 percent in August, although there was also a slowdown in the rise of food and drinks...

DOHA, QATAR - Qatar Credit Bureau signed a memorandum of understanding (MoU) with the Supreme Judicial Council (SJC) pertaining to sharing credit and judicial data and information. The MoU was signed by CEO of Qatar Credit Bureau Sheikha Maryam bint Khalifa Al-Thani and SJC's Enforcement Department director Judge Nabil Abdullah...

BEIJING, CHINA – The director of China’s Office of the Central Commission for Foreign Affairs met with the speaker of the Arab Parliament Adel Al Asoomi here. Wang Yi, also a member of the Political Bureau of the Communist Party of China Central Committee, said that Beijing is willing to...

In a bid to address the concerns, Microsoft will unbundle Teams from its Microsoft 365 and Office 365 suites in the European Economic Area and Switzerland from October 1, the company's vice president on European government affairs, Nanna-Louise Linde, said. Customers will now be able to buy the software without...

Sharjah, UAE--Sharjah Media City (Shams) has signed a memorandum of understanding (MoU) with Munhwa Broadcasting Corporation (MBC), the largest television and radio broadcasting company in South Korea. The partnership aims to strengthen cooperation between Shams and MBC Korea through enhanced media content business development, benefiting from the expertise and exchange...

Adults and children over five require a single shot "irrespective of their Covid-19 vaccination history" while younger children may get "one or three doses depending on whether they have completed a primary vaccination course or have had Covid-19" the Amsterdam-based EMA said.

Moscow, Russia -- Moscow considers threats by European Union High Representative for Foreign Affairs and Security Policy Josep Borrell to take medical supplies away from the Russian people as inadmissible and neo-Nazist, Russian Foreign Ministry Spokeswoman Maria Zakharova said at a briefing. "EU restrictions are above all an instrument of...

Kyrgyzstan has already twice taken back its citizens from Syria or Iraq. In March 2021, 79 children were repatriated while in February this year another 59 women and children were returned. Thousands of people from the former Soviet republics of Central Asia -- Kyrgyzstan, Kazakhstan, Uzbekistan, Tajikistan and Turkmenistan --...

Tabuk, Saudi Arabia -- King Salman Hospital in Saudi Arabia’s  northwestern region has installed the world's first automated medication dispensing machine, transforming the way medications are distributed without requiring hospital visits. The machine consists of a workstation that handles the prescription barcode, a screen for interaction with the beneficiaries, a...

Dubai, UAE--Oil prices extended gains on Wednesday after industry data showed a large draw in crude inventories in the U.S., the world's biggest fuel consumer, and as concerns about a hurricane in the Gulf of Mexico kept investors on edge. Brent crude futures for October climbed 31 cents, or 0.36%,...

Tehran, Iran - Iran's in-situ and proven mineral reserves are now worth more than $15 billion,  the director general of Iran's Department of Exploration Affairs announced on Tuesday.   The reserves, according to Ebrahim Ali Molabeigi, encompass six different minerals comprising iron ore, lead and zinc, gold, copper, antimony, and coal....

Cairo, Egypt--Egypt is looking to raise $5 billion from the offering of power plants and state-owned companies from October 2023 until the end of June 2024, according to a report on the Government IPO Program by the Cabinet's Information and Decision Support Center (IDSC). The report showed that Egypt plans...

Abu Dhabi, UAE – Q Properties, a real estate developer and subsidiary of Q Holding, announced on Tuesday the award of $0.47 billion construction contract for Reem Hills Phase 1 villas to Trojan General Contracting. Trojan will be responsible for constructing the fully sold out 218 luxury villas ranging from...

"Given our numerous capabilities, we consider Iran’s membership in BRICS and the SCO as well as participation in other regional alliances very effective," Raisi stressed.

TEHRAN, IRAN – The CEO of SAIPA Auto Making Company, Iran’s second-largest car manufacturing company, said a contract has been inked for exporting 120,000 passenger and commercial vehicles to Russia. Mohammad Teymouri pointed to his visit to Russia’s car market last week and stated that a contract was concluded for...

Muscat, Oman -- The revenues of 3-5-star hotels in Oman reached RO 122.5 million ($318 million) at the end of July 2023, up by 27.8 percent over the corresponding period in 2022. Statistics issued by the National Centre for Statistics and Information (NCSI) show that the total number of hotel...

DUBAI, UAE - Bahraini authorities have agreed to offer prisoners extra rights, including more visiting hours, following a mass hunger strike that activists say is the largest in the country's history. The interior ministry late on Monday said it would "increase the duration of visitations" and was looking to raise the...

AlUla, Saudi Arabia -- AlUla Desert Blaze, a unique running challenge, which kicked off on Saturday and saw participation of nearly 200 male and female runners from 39 countries, has been hailed as the most arduous competition in the Arabian Gulf region. The participants faced the toughest challenges amid scorching summer heat, enduring temperatures reaching...

Beijing, China - China and Arab nations have agreed to establish China-Arab International Research Centre for Drought, Desertification, and Land Degradation at the Ninth Kubuqi International Desert Forum on Saturday, according to Global Times. Government representatives in attendance at the meeting signed the Memorandum of Understanding on building the centre...

The news of system glitch sent Toyota's stocks into the red, trading 0.64 percent lower at 2,421.0 yen. But the shock selling seemed to have slowed before the midday break in Tokyo markets.

Manama, Bahrain--Bahrain and the United States have reviewed joint cooperation, partnership and strategic dialogue in the political, economic and security fields. The review came up in a meeting between Foreign Ministry Undersecretary for Political Affairs Dr. Shaikh Abdulla bin Ahmed Al Khalifa and Paul Dean, Principal Deputy Assistant Secretary in...

TABUK, SAUDI ARABIA – NEOM has announced plans to establish a world-class education, research and innovation (ERI) center, following last year’s appointment of Andreas Cangellaris as the founding president of NEOM U, NEOM’s flagship university. NEOM’s ERI will consist of four interconnected pillars: NEOM U; the Education, Research and Innovation...

Sharjah, UAE - Expo Centre Sharjah said it will host 63 percent more events in the last quarter of 2023, compared to last quarter of 2022. The Center will host 18 economic, trade, and cultural exhibitions, while during the same period last year, it hosted 11 such events. The events,...

KUWAIT CITY, KUWAIT - Kuwait's Director General of Civil Aviation (DGCA) expected that the total passenger traffic to and from Kuwait International Airport in 2023 to reach 15.5 million, compared to 14.46 passengers last year. Director of air transports at DGCA Abdullah Al-Rajhi said in a press statement on Sunday...

Muscat, Oman--Oman has signed a memorandum of understanding (MoU) with South Korea in the field of green energy transition. The MoU reflects the advanced status of bilateral relations and the two countries’ keenness to consolidate cooperation in green transition. The MoU was signed by Eng. Salim Nasser Al Aufi, Minister...

Abu Dhabi, UAE - Abu Dhabi Islamic Bank (ADIB) has introduced enhanced international transfer features on its mobile app and internet banking. The improvements come as the bank reports a notable 20% year-on-year increase in remittances during H1 2023. As the first bank in the UAE to offer discounts on...

Riyadh, Saudi Arabia--Red Sea Global (RSG) has announced the launch of the Red Sea Farms Cooperative (Tamala), established through integrated national partnerships between the government, private and non-profit sectors. Tamala aims to develop a model entity that achieves the kingdom's orientation to enhance the role of cooperatives in the agricultural...

Baghdad, Iraq - The Iraqi government has launched a project to harness the Associated Petroleum Gas (APG) from the Bin Omar field, an oil reserve located in the Basra Governorate, for generation of electricity.  The project's principal advisor Mounir Bouaziz said that the field's production capacity is scheduled to range...

Tehran, Iran - Iran’s membership in the BRICS group will lead to the promotion of exports and trade activities, an official was quoted as saying by local media reports. Deputy Chairman of Iran Chamber of Cooperatives for Legal Affairs Arsalan Ghasemi said that to tackle economic sanctions by the West...

TEHRAN, IRAN - A number of European countries have asked to purchase Iran’s unmanned aerial vehicles, the spokesperson for the Iranian Defense Ministry said. Speaking to Tasnim, Brigadier General Reza Talaee Nik said Iranian-made military drones have a lot of potential customers. Many countries, including a number of Western and...

Villagers and environmental activists have been locked in clashes with the police in the southwestern Mugla province since their plant began cutting down trees and olive groves in search for more coal last month.

Tehran, Iran -- Iran has expressed its readiness to finalize the provisions of a strategic document on comprehensive cooperation with Oman. In a telephonic conversation, Iranian Foreign Minister Hossein Amirabdollahian and his Omani counterpart Sayyid Badr Albusaidi exchanged views on issues of mutual interest in bilateral, regional and international arenas....

ABU DHABI, UAE – Chairwoman of the General Women's Union (GWU) Sheikha Fatima bint Mubarak launched the National Strategy for Empowerment of Emirati Women in the UAE for the years 2023-2031, on the occasion of the Emirati Women’s Day 2023, under the theme of “We Collaborate for Tomorrow”. This strategy...

Moscow, Russia -- The volume of Russian gas supplies to Europe through Ukraine is 41.5 million cubic meters per day, a Gazprom spokesman said. "Gazprom continues to supply Russian gas for transit through Ukrainian territory via the Sudzha gas pumping station in an amount approved by Ukraine. The volume is...

Canada is suffering through its worst forest fire season in recorded history, with much of the country hit by high temperatures and serious drought. A total area of 15 million hectares (37 million acres) has now burned, an area larger than Greece.

Former culture minister Nadine Dorries announced her intention to resign 11 weeks ago but had remained as member of parliament while she investigated why she was not given a seat in the upper house of parliament. In her letter, which she released on social media, Dorries accused Sunak of leading...

Tehran, Iran--Iran and Russia are independent countries whose military cooperation is not subject to the dictates of the United States and its allies, Russian Deputy Foreign Minister says. Russia's military cooperation with Iran will not succumb to geopolitical pressure, Russian Deputy Foreign Minister Sergei Ryabkov said. Ryabkov said in response...

Manama, Bahrain--Bahrain has indicated its keenness to encourage investments in the kingdom's oil and environmental projects through partnerships with the private sector, especially banks, to achieve sustainable development goals. Dr. Mohammed bin Mubarak bin Daina, Oil and Environment Minister, Special Envoy for Climate Affairs, has affirmed the government’s keenness to...