The Israeli prime minister's office said that Benjamin Netanyahu approved an Israeli delegation led by Mossad head David Barnea to go to Qatar" on Friday. Barnea was in Doha Monday but flew back home after talks were restarted following failed efforts to secure a truce before the holy month of...

Riyadh, Saudi Arabia - Saudi Arabian consumers spent a total of SR11.68 billion ($3.12 billion) through point-of-sale transactions during the initial week of Ramadan, spanning from March 10 to March 16. The data, disclosed by the Saudi Central Bank (SAMA), outlines a total of 168 million transactions during this period....

The financial sector plays vital role in the Kingdom's economy, with a 9.5% surge in operating income and 10.9% increase in non-interest income in FY 2023, says a report.

Brussels, Belgium - Business activity in the eurozone stabilized in March thanks largely to a "modest recovery" in the service sector, a closely watched survey showed on Thursday. The HCOB Flash eurozone purchasing managers' index (PMI) published by S&P Global stood at 49.9 in March, up from 49.2 in February. A figure...

Copenhagen, Denmark - Developing countries should not have to set stricter targets for cutting their carbon emissions before funds are available to help them transition to cleaner energies, the chairman of this year's UN climate negotiations said Thursday. Addressing a ministerial climate meeting in Copenhagen, Azerbaijan's Mukhtar Babayev said "there is...

The deliveries sped up 9.5 percent to 10,112 vehicles.

SEOUL, SOUTH KOREA – South Korean flag carrier Korean Air said on Thursday it will sign a US$13.7 billion deal with Airbus to purchase 33 A350 series aircraft to strengthen its long-term fleet operations. The move comes after the European Union approved the airline's takeover of smaller rival Asiana -- conditional...

The stakes were acquired in Vision Factory and Decovision.

"Palestine Red Crescent ambulance teams have just transported an 18-year-old young man who was killed by the Israeli occupation forces in Nur Shams camp," the group said on X, formerly Twitter, adding his death brought the toll to four.

"Financial stability benefits the whole economy and reduces the risk that the central bank becomes reluctant to raise interest rates for fear of causing a financial meltdown," she added.

MOSCOW, RUSSIA – Russia does not see the risk of trading oil at a loss due to the redistribution of energy flows to the East - growing local markets will be able to "absorb" its supply, Russian Foreign Minister Sergey Lavrov said. Lavrov said this in an interview for the...

Sharjah, UAE -- Sharjah Islamic Bank (SIB) and the Turkiye Wealth Fund (TWF) have signed a Shariah-compliant Murabaha facility worth $100 million, for a period of three years. This agreement, facilitated by Dogan Investment Bank, marks the first time the Turkish Sovereign Wealth fund has launched financing from an international...

The policy aims carbon emissions reduction through increased consumption of biodiesel by 20 percent by 2050. “It will lower the carbon footprint of diesel cars by 75 percent in case of consuming biodiesel by 100 percent,” said Suhail bin Mohammed Al Mazrouei, UAE Minister of Energy.

ABU DHABI, UAE – Bayanat AI PLC and Al Yah Satellite Communications Company each issued a circular on Thursday calling for their General Assembly Meetings (GAMs) to be held simultaneously on April 25 2024. During the GAMs, respective shareholders of each entity will vote on the proposed merger of the...

The resolution focuses more on the technology's positive potential, and calls for special care "to bridge the artificial intelligence and other digital divides between and within countries." The draft resolution, which is the first on the issue, was brought forth by the United States and will be submitted for approval...

Paris, France--Past and future hosts of the UN climate negotiations the United Arab Emirates, Azerbaijan and Brazil announced Wednesday they would cut their own emissions in line with limiting global warming to 1.5 degrees Celsius. Nations have been under pressure to keep this warming limit alive by pledging to accelerate their...

Al Maryah gets first naming rights for Emarat fuel stations.

The four companies filed a rare joint amicus brief in a California court in charge of applying a ruling that Apple must allow companies to link to alternative payment options outside the app store for iPhone users. That ruling was stemmed from a 2020 lawsuit by video gaming giant Epic...

The gains have been helped by a weaker dollar and the gold's attraction as a safe haven as geopolitical tensions rise. Because bullion does not generate any interest, it benefits when central banks lower borrowing costs as its safe-haven status makes it more attractive to investors.

Neom, Saudi Arabia - NEOM, Saudi Arabia’s futuristic mega city will now have a premier resort where the spectacular desert landscape meets the sea, according to a press release from NEOM.  Boasting an audacious design with minimal land intervention, Treyam offers guests an elevated haven to unwind, re-energize, and enjoy...

Riyadh, Saudi Arabia--The Saudi Industrial Production Index (IPI) recorded 103.3 points in January 2024, compared to 103 points in December 2023, marking a monthly growth of 0.3%, according to data from the General Authority for Statistics (GASTAT). The sub-index for mining and quarrying activity, which accounts for 61.4% of the...

It comes amid a slowdown in the tech sector IPOs.

"Of course, we stand with Israel and its right to defend itself... but at the same time, it's imperative that the civilians who are in harm's way and who are suffering so terribly -– that we focus on them, that we make them a priority, protecting the civilians, getting them...

The sale is poised to generate $1.59 billion.

The Central Bank of the UAE kept the Base Rate for the Overnight Deposit Facility (ODF) steady at 5.40%, aligning its monetary policy closely with that of the US Federal Reserve. In Qatar, the Central Bank has also decided to keep its deposit, lending, and repo rates unchanged at 5.75%,...

"Poetry holds a distinguished position among literary arts, especially within the Arabic language. As the foundational literary form in Arabic, it has enabled Arabs, from the past to the present, to express their thoughts and document their heritage. Poetry acts as a repository that has preserved and transmitted their values,...

The funds, according to the King Salman Humanitarian Aid and Relief Centre (KSrelief), would support UNRWA's "humanitarian relief efforts in the Gaza Strip", where the Israel's war has raged for more than five months. The funding will provide food for more than 250,000 people and tents for 20,000 families.

The Gulf region is embracing the future of energy by investing in polysilicon production, crucial for solar panel manufacturing, with Qatar and Saudi Arabia leading from the front.

The cash dividend of 15.5 fils per share was okayed at Tabreed's AGA.

Doha, Qatar - Qatar and Turkey announced partnership in reuniting wounded Palestinians from the Gaza Strip with their relatives in Doha. The Ministry of Foreign Affairs said that a number of the wounded are receiving treatment in Turkey, while their relatives undergoing treatment in Qatar. The reunification will enable the...

Washington, United States - The White House unveiled almost $20 billion in new grants and loans Wednesday to support Intel's US chip-making facilities, marking the Biden administration's largest funding announcement yet as it tackles China's dominance of the crucial technology. President Joe Biden's decision to make the announcement during a trip...

On average, every person on earth generates roughly 7.8 kilograms (17 pounds 3 ounces) of e-waste each year, said the report from the UN Institute for Training and Research (UNITAR) and the International Telecommunication Union (ITU), another UN agency.

Islamabad, Pakistan - Pakistan reached a tentative deal to unlock a $1.1 billion tranche of an International Monetary Fund (IMF) bailout deal, the global lender said Wednesday, giving much-needed respite to the South Asian nation. Last summer, cash-strapped Pakistan sketched a $3 billion deal with the IMF as it battled a...

Blinken is due to travel on to Egypt, which neighbors Gaza and whose envoys have been involved in previous mediation efforts. In Jeddah and Cairo, Blinken will discuss efforts to reach an "immediate ceasefire agreement that secures the release of all remaining hostages", State Department spokesperson Matthew Miller said.

Abu Dhabi, UAE -- Real estate deals worth AED 87.1 billion ($23.71 billion) were recorded in Abu Dhabi during 2023, according to the Abu Dhabi Real Estate Centre (ADREC), a dedicated affiliate of the Department of Municipalities and Transport (DMT). The value of buying and selling activities surged by 159.5...

This brings the total amount of dividend for 2023 to $162m.

The Afghanistan Cricket Board urged the Australian government "not to impose its policies on cricket boards" and "focus on supporting the development of cricket". But under the Taliban government's brand of Islamic rule, women are effectively barred from the game, as part of a raft of restrictions on women in...

Of all the tech giants, Microsoft has moved the fastest into adopting generative AI, integrating its powers into a whole range of products, most notably through its Copilot chatbot. With the hire, Microsoft is expanding its already leading position in the AI frenzy, accumulating investments and partnerships well beyond its deal...

Police recorded 8,500 crimes and misdemeanors "committed because of the ethnicity, nationality, supposed race or religion" of the victim across 2023, the interior ministry's statistics service (SSMSI) said. Men, people aged between 25 and 54, and citizens of African countries were especially targeted, it added.

During his first visit to Washington since war erupted in response to Hamas's unprecedented October 7 attack, Gallant is due to meet Pentagon chief Lloyd Austin -- but no date was announced. They will discuss "developments in the war against Hamas, force build-up, humanitarian issues and areas of bilateral military...

Abu Dhabi, UAE:  A total of 70.81 percent of companies anticipate expanding their workforce in Abu Dhabi Global Market during 2024, with 29.93 percent expecting significant increases and 40.88 percent planning moderate growth in staffing, a study said. According to the study by ADGM, the international financial center (IFC) of...

An A grade would be potentially aligned with the goals of the 2015 Paris Agreement to limit temperature rise to "well below" 2C and if possible the safer curb of 1.5C. An H grade, according to Carbon Tracker, is the furthest from the Paris goal, with activities and strategy more...

It breached an agreement on terms for paying media firms.

The MIA Art Collection aims to bridge the gap between the art scene and the business sector, empowering women artists, its founder Alejandra Castro Rioseco tells TRENDS.

Brussels, Belgium-- The Gulf Cooperation Council (GCC) and the European Union have held talks in Brussels in order to enhance relations between the two blocs. In this connection, Jasem Mohamed Albudaiwi, Secretary-General of the Gulf Cooperation Council (GCC), today held a discussion session with members of the European Union (EU)...

Dubai, UAE - The UAE was recognized as the top destination for international professionals seeking employment visas. According to the Annual Global Hiring Report by the Global HR platform Deel, industries like financial services, IT, computer software, marketing, advertising, and management consulting are leading in attracting international talent to the...

Tripoli, Libya--Libya ordered the "immediate" closure of its main border crossing with Tunisia on Tuesday following clashes between armed groups and security forces on the Libyan side, the interior ministry said. The border post in the desert area of Ras Jedir about 170 kilometres (105 miles) from the Libyan capital Tripoli,...

AlUla, Saudi Arabia - Date palm cultivation in AlUla governorate has witnessed a significant increase in productivity this year, with production surpassing 90,000 tons of dates annually.  The governorate boasts more than 2 million date palm trees, and the Royal Commission for AlUla (RCU) is actively engaged in expanding the...

The collaboration will bolster accessibility to ADX IPOs.

On Monday, the Canadian Parliament passed a nonbinding resolution calling for the international community to work toward a two-state solution between Israel and the Palestinians. Israel's relentless offensive against Hamas that has killed at least 31,819 people, most of them women and children, according to Gaza's health ministry.