Iran FM holds ‘friendly conversation’ with Saudi counterpart
Tehran, Iran-- Iran's foreign minister said Wednesday he held a "friendly conversation" with his Saudi counterpart in Jordan, despite Tehran's repeated accusations that Riyadh has fanned months-long protests in the Islamic republic. Jordan hosted the "Baghdad II" conference on Tuesday, bringing together key Middle East and international players -- including rivals...Countries pledge to support Iraq’s ‘stability’ at Jordan summit
Iraq has been caught for years in a delicate balancing act between its two main allies, the United States and Iran, and Baghdad only recently arrived at a fragile compromise government after a year of political stalemate. The conference was a test for Iraq's new Prime Minister Mohammed Shia al-Sudani,...Allow Iraq to choose path not dictated by foreign powers: Macron
The "Baghdad II" meeting in Jordan, which alongside regional powers also includes officials from France and the European Union, follows an August 2021 summit in Iraq's capital organized at the initiative of Macron. "There is a way that is not... a form of hegemony, imperialism, a model that would be...London Arabic bookshop to shut after 45 years
The announcement on December 5 that the bookshop will close at the end of this month prompted an avalanche of messages. UK-based Algerian journalist and academic Ouissal Harize wrote on Twitter: "You will definitely be missed. Thank you for giving us a home away from home." The editor-in-chief of Esquire...After hosting World Cup, Qatar looks to secure 2036 Olympics
During the tournament, Qatar was awarded the 2025 world table tennis championships and the opening race of the world endurance championship in 2024, adding to its packed sports calendar.Is GCC insurance industry ready for the change?
Industry experts stress the need for harnessing the momentum the industry has gained after the recovery from Covid setbacks.Constant evolution of enterprise technology helps Middle Eastern economies grow at faster pace
Enterprise technology will move from closed, centralized platforms to more open, federated, and streaming ecosystems of services. The key battlegrounds will shift from core product and enterprise resources management systems to customer-centric digital experience and intelligent engagement ecosystems, they add.e& partners with Bespin Global to offer cloud managed services in METAP region
The Joint Venture will be 65 percent owned by e& enterprise and 35 percent by Bespin Global.Ma’aden plans to become one of the top ten global aluminium producers
Key executives from Ma’aden’s aluminum and smelter department participated in the three-day conference Arabal 2022 in Cairo.China-Arab summit: Chinese President Xi to visit KSA tomorrow
Chinese President Xi Jinping will reach Saudi Arabia on Wednesday for a three-day visit, his first to the world's biggest crude oil exporter since 2016, Saudi media reported on Tuesday. The visit will include a bilateral summit chaired by Saudi King Salman and attended by Saudi Crown Prince Mohammed bin...VOX Cinemas unveils debut slate of original Arabic films
Diverse line-up of movies features local stories from new and established storytellers from Saudi Arabia, Egypt, Lebanon and UAE.AMEA Power completes $1.1bn deal to deploy 1GW of energy projects in Egypt
The landmark 500 MW wind and 500MW solar projects, represent US$1.1bn of investment into the Egyptian economy and takes the company’s clean energy portfolio to 2GW in the country.Etihad Airways and Garuda expand combined offerings to 42 destinations
Abu Dhabi, UAE----UAE's national carrier Etihad Airways and Garuda Indonesia, the national flag carrier of Indonesia, will nearly double the number of combined destinations the two airlines are able to offer beyond the Abu Dhabi and Jakarta hubs. The number of destinations across the Indonesian archipelago, South East Asia, Middle...Saudi Minister inaugurates Aquatic Animal Diseases Network
RIYADH, SAUDI ARABIA - Saudi Minister of Environment, Water and Agriculture, Engineer Abdul Rahman bin Abdul Mohsen Al-Fadhli inaugurated Sunday the Aquatic Animal Diseases Network in the Middle East in the Kingdom. The inauguration took place in the presence of the Director General of the World Organization for Animal Health...EIC calls UAE as the leader in renewable energy sector
London, UK --The Energy Industries Council (EIC), one of the world’s largest energy trade associations, has released a report on the state of the UAE’s energy industry, showcasing the country’s energy mix and its leading position in renewable energy sector. “The UAE offers a great mix of energy projects for...Nestle pours $1.8 bn in S Arabia
Firm said this will help bolster its presence in kingdom.North Africa takes lion’s share as fintech and sustainability lead MENA startup scene
Fintechs remain popular with investors mainly due to their scalability, rapid market growth and dependency of people on technology, says Theresa Doan of SEE Institute.Family offices: UAE becomes preferred destination as world’s ultra-rich invest in venture capital funds
Family-owned businesses in the Middle East contribute 60 percent of the GDP and employ more than 80 percent of the workforce, says a PwC Middle East Family Business survey.Americana IPO: UAE retail offer doubled
Saudi retail tranche remains unchanged at 10 percent.‘Ambush marketing’ may spoil the game as businesses across GCC get ready to gain from Qatar World Cup
As the world gears up for the FIFA World Cup 2022 in Qatar, the positive ripple effect is being felt in the business fraternity across the Gulf region, especially in the UAE.Abu Dhabi launches association to promote blockchain in region in line with TOP CEO Conference call in May
The Middle East, Africa and Asia Crypto and Blockchain Association aims to bring industry players together to discuss strategies and address the challenges faced by the sector.UAE won’t choose sides between global powers, says Anwar Gargash
The UAE is a key player in the 13-nation OPEC oil cartel which, with its 10 allies headed by Russia, angered Washington by cutting production by two million barrels a day from November, adding renewed upward pressure on crude prices.High Qatar costs dampen MENA football fervor
Passion for football in the Middle East runs deep, but a week before the start of the World Cup, the fervor is not universal as high costs are keeping many MENA fans away.Shamma bint Sultan becomes first person from Middle East to join CEMUNE
The CEMUNE works to foster deeper cooperation on key global challenges and has been recognised for contributing to regional and international achievements in sustainability.How the Middle East can promote agritech
The region’s agriculture suffers from a variety of economic and policy problems. There is a lack of agricultural labor. The sector’s capabilities are underdeveloped, yields are low, soil salinity is an issue, and there are shortages of arable land, feed resources, and water, he adds.Luxury group Richemont posts H1 2022-23 loss of US$786m
Loss is basically due to the sale of one of its online platforms.Emirates H1 profit at US$1.1bn
Revenues in H1 of 2022-2023 surged 131% to $13.7 billion.Crises augment EU-GCC energy & security cooperation
Josep Borrell, the EU High Representative for Foreign Affairs and Security Policy, points out that since the Ukrainian crisis, an important part of energy supplies to the EU has been coming from the Gulf countries, including the UAE. “This has changed the energy landscape of Europe,” he says.Middle East’s sports path to boosting tourism
The Arabian Gulf countries have hosted some of the biggest sporting events during the past decade. The World Cup is set to cement the region's position as sporting hub.Smugglers devise novel ways in Middle East to traffic captagon
Fastening weapons or drugs to livestock to cross borders is an age-old smuggling trick. Latin American cartels took this a step further by stitching bags of cocaine and heroin into dogs and other animals. In November 2021 Kuwaiti authorities found 17 kilos of captagon pills inside live imported sheep.Americana to sell 30% stake in IPO
The company will list on ADX and Saudi Tadawul by Dec. 6.Sanchez the patriarch of Qatar’s football family
Under Sanchez, Qatar have already caused a major surprise once at a major tournament in the Middle East, beating Japan to take the Asian Cup in 2019.Firms in Middle East focus on sustainability innovation
Innovations poised to have an important impact on the sustainability of seven industries: advanced manufacturing services, retail, banking, energy, healthcare, consumer products and automotive. Banks, for example, continue to create new forms of greener, impact-driven products and services, he adds.Most non-oil economies in MENA region seeing ‘gradual slowdown’: IMF
Despite soaring inflation and murky economic prospects worldwide, the IMF maintained its projection of 5.0 percent growth for the region in 2022, dropping to 3.6 percent in 2023. But the figures, although higher than elsewhere in the world, don't reflect the region's "challenges", Middle East and Central Asia director Jihad...ADNOC sets Upstream Methane Intensity target of 0.15 percent by 2025
Abu Dhabi, UAE--- Abu Dhabi National Oil Company (ADNOC) announced on Monday that it has set a new Upstream Methane Intensity target of 0.15 percent by 2025, which is the lowest in the Middle East. ADNOC’s 0.15 percent methane intensity target means ADNOC will be ranked in the Gold Standard...Middle East stares at mass displacement due to climate change
The World Bank estimates that by 2050, if nothing is done to prevent it, there will be 216 million people internally displaced by climate change, including 19.3 million in North Africa.DP World gross container volume rises 2%
On a third-quarter basis, DP World handled 20.1 million TEU.Global players steer towards UAE as Abu Dhabi sails well to become ‘best’ superyacht destination
The UAE capital -- which now boasts 5,325 registered vessels -- is well on its way to become a key hub for the international superyacht industry, says a reportAsia, Middle East up diesel exports to Europe in October
According to ship tracking data from Refinitiv, about 289,000 tonnes of gasoil will be loaded from South Korea and China to northwest Europe.Crypto betting sites on sports gain popularity as game prediction market grows across MENA
Crypto betting in sports has become a booming market due to the increasing number of sports fans and their desire to wager on athletes and tournaments.Yellow Door closes $400m equity raise
It plans to deploy $1bn in sustainable energy projects.Arab designer labels stir up $29bn GCC luxury market
Luxury goods business in the MENA region is seeing a reorganization, surprising market experts, as homegrown brands challenge the hegemony of high-end Western labels.Sustainability key focus of GCC automotive industry
Current trends in the automotive sector such as zero-emission vehicles and carbon-neutral manufacturing demonstrate the growing importance of sustainability, says a key BMW Group Middle East official.Nykaa enters into a strategic alliance with Middle East-based Apparel group
Nykaa will leverage the Apparel Group’s robust retail infrastructure network and deep market relationships to build distinctive GCC focused beauty offerings.For Saudi fan, road to World Cup is a desert trek
Wearing a wide-brim hat and a backpack to which Abdullah Alsulmi'd affixed Saudi and Qatari flags, he said: "I consider myself like a Qatari who is very interested in this World Cup and its success."Energy crisis feared by Europe long a reality in Iraq
Soaring energy prices fuelled by Russia's war in Ukraine have forced a new reality upon European nations, where people are asked to limit the electricity they use for heating, lighting, and cooking. Some cities keep street lights on for shorter lengths of time, and in Paris, the lights illuminating the...Qatar wealthiest, UAE happiest in Arab world
The world's richest countries have the highest happiness scores, which probably explains why Lebanon, facing its worst-ever economic crisis, ranks low in the MENA region.UAE’s latest bet on tech: a ministry in the metaverse
In a project launched at Dubai's gleaming Museum of the Future, it announced that the UAE's economy ministry was setting up shop inside the immersive virtual world that is now taking shape. Those who don their virtual reality goggles or use other means to venture within will find a ministry...Middle East plays well to become sports tourism hub
Major events such as Qatar World Cup 2022, Formula 1 Abu Dhabi Grand Prix, etc. will give Gulf tourism a boost in the last quarter of this year, according to a latest report.Tabby, Paymob announce partnership
They will create a Buy Now Pay Later solution for retailers.



















































