New metro cuts through Saudi social divisions
With its eye-watering oil riches, intricate tribal networks and large numbers of foreign workers, Saudi society has long been divided by rigid class structures.
UAE sets several records as world ushers in 2022
Hope remains for a better new year amidst scaled-back celebrations due to new restrictions aimed at slowing soaring Covid cases.New Dubai adventure: Eco-friendly surfing
What makes Dubai a tourist hub and an essential market for sustainable surfing is the region’s proximity to the sea? Okahina Wave's CEO Laurent Hequily has answers.How do NFTs work? Here’s a peek
An NFT by digital artist Beeple was auctioned at Christie's in March for $69.3 million in March this year.Jordan, Netherlands sign €5m rainwater pact
The project aims to devise proper legislation, and setting up of rainwater harvesting catchment areas as well as smart farms.Saudi Arabia eyes budget surplus after years of deficit
Total expenditures were budgeted at SAR955 billion, and revenues at SAR1.045 trillion, giving a surplus of SAR90 billion.UAE, France sign MoUs, $18bn Rafale deal
The agreements will boost the strategic partnership between the two countries to serve their mutual interests.UAE industries are embracing solar power
Al Bayader International, for example, has set up solar farms to offset energy costs and build sustainability, says Founder and CEO Nidal Haddad.Riyadh Season casts its spell on GCC
So far more than two million visitors have marked their presence in the five-month long arts and culture festival.GCC countries warm up to cloud kitchens
Mubarak Jaffar, CEO of the cloud-kitchen firm KLC company, tells TRENDS how virtual kitchens are feeding a growing demand.Emirates narrows H1 losses to $1.6bn
The group’s net loss for the period was AED5.7 billion ($1.6 billion), substantially better than the AED14.1 billion ($3.8 billion) loss last year.Iran intensifies cyber espionage in Middle East
Cyberattacks by Iranian spies have become more sophisticated and have intensified against Arab countries, say industry experts.Saudi submits bid to host World Expo 2030 in Riyadh
Russia, the Republic of Korea, Italy and Ukraine are other four countries that have submitted bids for the event in their respective cities.Saudi could go carbon-neutral before 2060: Minister
Prince Abdulaziz bin Salman said new processes enabling capture and reuse of carbon were key to the kingdom achieving net zero.Greenhouse gas levels reach new record high: UN
The UN's blunt report comes as British Prime Minister Boris Johnson, the COP26 host, said he was "very worried" that the 12-day climate talks could go awry.Renewable energy jobs reach 12 million globally
A report by the International Renewable Energy Agency confirms Covid-19 caused delays and supply chain disruptions, with impacts on jobs varying by country and end use.Planned fossil fuel output shatters 1.5C climate target, says UN
The UN's Environment Program said government fossil fuel production plans this decade were "dangerously out of sync" with emissions goals.Saudi realty players bet big on an auction site
Property owners list their property on Mazad Aqari and the platform does the rest in terms of evaluating the property, marketing and sales.Symbol of rebirth at Iraq’s historic Al-Nuri mosque
The historic mosque is being built under UNESCO's "Revive the Spirit of Mosul" initiative for rehabilitating Iraq's second city. UAE has pledged half of the $100 million for the project.Iran to resume nuclear talks on Thursday: MP
Iran and Britain, China, France and Russia besides the EU opened talks in Vienna in April.Banking on apps for personal finance
People in the Middle Eastern countries are increasingly relying on apps to manage their money, streamline expenses and other banking needs.For one week, Oman center-stage at T20 World Cup
The grass pitches of the 3,000-seat Al Amerat site are a long way from the days when cricket was first played in the sultanate, often on waste ground.Netflix, UNESCO team up for Africa talent hunt
The streaming giant is trying to establish itself in the continent through investments in young talent.Israel’s Expo pavilion mirrors warming ties with UAE
The visits of several Israeli ministers so far show the importance the Jewish state attributes to the event.UAE may open VoIP services to all next year
Mobile phone users in the Gulf country are currently allowed to use the internet-enabled video and audio calls only through BOTIM app.UAE’s new data law promises privacy
The law to include features of gold-standard data protection regulations such as Europe's GDPR (General Data Protection Regulation), the UK's Data Protection Act, the DIFC's Data Protection Regulation and the ADGM's Data Protection Regulation.Infrastructure push spurs job growth in GCC
The UAE and Qatar are hosting global events like EXPO 2020 this October and FIFA World Cup in 2022 respectively and initiating infra projects worth billions of dollars.Cutting fossil fuel use key to environmental protection: IMF
The 'right prices' must fully reflect both supply costs and environmental costs, especially carbon emissions and local air pollution, said IMF chief Kristalina Georgieva.UAE and KSA: Competing for a real estate pie
Saudi Arabia and the United Arab Emirates contributed about 70 percent of the total value of the Gulf Cooperation Council's real estate deals in the first half of 2021UN needs another $100trn for SDGs
The Force for Good initiative has said the UN has funding gap of $84-101 trillion in achieving the SDGs.UAE, Israel eye trillion-dollar business
The UAE marks one year since normalising ties with Israel today as the leaders hope the Abraham Accords could reap a trillion dollars in economic exchanges.Boursa Kuwait suspends 10 companies from trading
The reasons behind the penalty included not declaring quarterly financials, and not paying their annual subscription fees.UAE to spend $6.53bn to create 75,000 jobs
The United Arab Emirates (UAE) intends to spend some $6.53 billion over the next five years in order to create jobs for 75,000 Emiratis in the private sector.Iran needs more than $1 billion to improve roads
Iran plans to improve the condition of the major freeways and highways, and expand the country’s freeways network to 10,000 kilometers.Tehran to issue 20 million more Justice Shares
Issued during the rule of former president Mahmoud Ahmadinejad in 2006, the Justice Shares were intended to assist economic privatization efforts.UAE, Qatar least hit by graft in MENA region: Survey
Across the MENA region, years of corruption has left countries woefully unprepared to face the COVID-19 pandemicMorocco polls: ‘New model of development’ in focus
King Mohammed VI will name a prime minister from the party that leads the parliamentary poll to govern for the next five yearsAs economy slumps, Turkey turns on migrants
Turkey turned into the home of one of the world's largest migrant populations when it struck a deal with Brussels to help resolve Europe's 2015-16 refugee crisisUAE economy forecast to grow 4% this year
The United Arab Emirates has forecast for its economy to grow by more than four percent this year, a level higher than previously forecast.$5m fine for polluting water in Saudi Arabia
Saudi Arabia has launched a strict campaign of penalizing companies and individuals involved in polluting water resource of the kingdom. The fine could be up to $5.3 million.Shadow of Syria’s exiled haunts revived Aleppo souk
Aleppo, long considered one of Syria's main commercial hubs, has lost many of the merchants and businessmen who once gave the city its economic edgeTaliban close to forming government
The announcement of a cabinet may take place on Friday following afternoon prayersDrought diplomacy helps boost Israel-Jordan ties
Experts say Israel and Jordan could be poised for an unprecedented boom in water cooperationUS leaves Afghanistan, 20 years of war ends
Taliban fighters swept into the airport and fired weapons into the sky in jubilation as the last of the American troops left on Monday night.Leaded petrol runs out of gas, says UN
Nearly a century after doctors first issued warnings about the toxic effects of leaded petrol, Algeria -- the last country to use the fuel -- exhausted its supplies last monthFintech creams off most in $2.1bn funding
The fintech sector has attracted nearly 30 percent of all the funding raised during the year, with one in four deals made in the most sought after sector.US, Iraq to continue security partnership
The two countries will continue to cooperate to see to it that there is no resurgence of ISIS in Iraq.Lebanon taps Dubai’s ENOC for fuel swap
Lebanon is expected to use ENOC’s fuel to generate electricity, as the Iraqi oil is deemed unsuitable for the process.Mena region needs water resilience: World Bank
Without water resilience, the MENA region may see a loss of 6-14 percent of the collective GDP by 2050, says the latest World Bank report.Now airplanes probe earth for mineral wealth
Saudi Arabia has begun to obtain ‘high-resolution’ geological data spread over 600,000 square kilometers in the kingdom, enabling it to find mineral deposits in the region.Saudi Arabia lifts ban on entry of foreigners
Saudi Arabia has lifted the ban on the entry of foreigners from 20 countries, six months after the kingdom declared it to contain the spread of Covid-19.