- Dubai, UAE--A Hamas official on Monday said one of the group's tunnels revealed by the Israeli army in Gaza had "successfully" accomplished its mission, downplaying the Israeli announcement of its discovery. On Sunday the Israeli army showed images of what it said was the biggest Hamas tunnel uncovered so far...
Jordan’s exports to non-Arab Asian countries climb to US$1.16bn in Q1
Amman, Jordan-- Trade between Jordan and non-Arab Asian countries has shot up in the first quarter of 2023, with the value of the kingdom's exports to the countries surging to about $1.16 billion, compared to about $1.07 billion for the same period last year, according to foreign trade data issued...France charges Lebanon central bank chief’s ex-assistant in graft probe
A former assistant of Riad Salameh, the governor of Lebanon's central bank, has been charged with money laundering by France. Last year, France, Germany and Luxembourg seized assets worth $130mn in a move linked to a probe into Salameh's wealth. He is accused of having amassed a fortune during his...Rise of ChatGPT: GCC might lose 10 million jobs in 5 years
Its transformative power to reshape life has left people awestruck across the world, but the technology that powers ChatGPT might put at risk about 10 million jobs in the GCC.Woqod posts 10% profit rise
The firm's profit jumped to $294 million at the end of last year.‘Russian targeting of Ukraine energy is war crime’
BERLIN, GERMANY - Russian missile strikes on energy infrastructure in Ukraine constituted a "war crime", German Justice Minister Marco Buschmann said Tuesday after hosting talks with his G7 counterparts. A Russian campaign of missile strikes has severely damaged Ukraine's energy infrastructure and plunged millions into darkness as the country endures...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.FIFA praises Qatar’s reforms to improve living conditions of workers
Applauding Qatar's "groundbreaking reforms" that are "changing the lives of thousands of workers for the better," FIFA President Gianni Infantino has dispelled doubts about Qatar's rights record ahead of the World Cup. The footballing body said it is negotiating measures to help migrant workers on the Gulf state's construction sites.Dubai watches with awe rare rough ruby
A rare rough ruby dubbed one of the world's biggest has gone on display for the first time ahead of an auction in Dubai.Arab world may suffer shortage of bread
Russia's invasion of Ukraine could mean less bread on the table in Egypt, Lebanon, Yemen and elsewhere in the Arab world where millions already struggle to survive.CBK plans $794 million bonds
The issue's maturity period is six months, with a return rate of 1.250 percent.Saudi Sidra Capital buys UK office for $26m
Sidra Capital, the Saudi Arabia-based investment firm, has bought an office building in the United Kingdom for $26 million.Saudi customs seize drugs at port
Alert officials of Saudi customs prevented an attempt to bring in contraband drugs into the kingdom at Jeddah Islamic Port, seizing 1.6 million Captagon pills.Dubai’s Shuaa plans SPACs worth $600 million
Shuaa Capital plans to set up three blank-check companies of around $200 million each.Lebanon seizes drugs from a shipping container headed for Saudi Arabia
The consignment of millions of amphetamine pills was hidden in a shipping container Saudi Arabia had banned imports of fruit and vegetables from Lebanon in April Millions of amphetamine pills headed for Saudi Arabia in a shipping container were confiscated by Lebanon on Friday. The seizures were made at...Investor sells his 2.4 stake in Abu Dhabi Commercial Bank for $300 million
The offering consisted of 164 million shares in the bank The Abu Dhabi Investment Council is the largest shareholder in ADCB with a 60.2 percent stake An unnamed investor holding 2.4 percent stake in Abu Dhabi Commercial Bank (ADCB) has sold his entire stake in the lender for about 1.1...Emirates NBD, Dubai’s largest lender, lists $750m bond on Nasdaq
The second offering for 2021 has increased NBD’s listed bonds to more than $5.1 billion. It was 2.3 times oversubscribed and attracted demand from the region as well as Asia, Europe and the UK Emirates NBD, Dubai’s largest lender, has listed its $750 million bond - Additional Tier 1...Saudi company using salt water to grow crops bags $10 million investment
A patented system of solar and growth monitoring technologies allows use of salt water for cooling greenhouses, irrigating crops



















