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NEOM Investment Fund Partners with MemryX to Drive Edge AI Innovation

5 May 2025
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Crown Prince Mohammed bin Salman and Indian Prime Minister Narendra Modi Co-Chair Strategic Partnership Council in Jeddah

24 April 2025
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Qatar Central Bank Governor Highlights Patriotism and Development on National Day

18 December 2024
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Saudi-U.S. Business Forum in Riyadh Explores Opportunities for Growth and Collaboration

9 December 2024
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GCC Ministers of Interior Emphasize Unified Security Efforts to Tackle Regional and Global Challenges

21 November 2024
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UAE Champions Agricultural Innovation at COP29, Launches AI-Based Initiatives to Support Climate-Vulnerable Farmers

18 November 2024
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Etihad Airways Reports AED 1.4 Billion Profit in First Nine Months of 2024, Driven by Strategic Expansion and Strong Passenger Demand

15 November 2024
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GCC Economic Forecast 2024: A Promising Path Forward

9 November 2024
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Shurooq Showcases Sharjah’s Eco-Luxury and Heritage Projects at World Travel Market 2024

8 November 2024
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Biban24 Forum Opens in Riyadh, Showcasing Global Entrepreneurship and Investment Opportunities

6 November 2024
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UAE’s Debt Capital Markets Showcase Robust Growth and Strategic Positioning in Global Sukuk Market

5 November 2024
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Crown Prince of Kuwait Welcomes GCC Secretary General, Reaffirms Commitment to Regional Cooperation

4 November 2024
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Saudi Delegation Highlights Innovation and Collaboration at 53rd GCC Industrial Cooperation Committee Meeting in Doha

2 November 2024
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Google Launches Groundbreaking AI Opportunity Initiative to Drive Skills, Innovation, and Economic Growth Across MENA

31 October 2024
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Emirates Strengthens Ties with Vietnam Airlines and VietJet through New Agreements, Enhancing Connectivity between UAE and Vietnam

29 October 2024
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Saudi Arabia's Vision 2030 Focuses on Human Capital to Drive Economic Growth and Resilience, Says Economy Minister

26 October 2024
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UBS Advises GCC Investors to Mitigate Geopolitical Risk Through High-Grade Bonds and Diversified Portfolios

25 October 2024
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GCC Secretary General Highlights Opportunities for Trade and Investment with Central Asia

24 October 2024
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Qatari Amir Sheikh Tamim Meets German President in Berlin to Strengthen Bilateral Relations

23 October 2024
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GCC Secretary General Strengthens Ties with World Bank Group to Boost Economic Cooperation

23 October 2024
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UAE President Sheikh Mohamed bin Zayed Al Nahyan Arrives in Moscow for Official Visit

21 October 2024
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Oman’s Banking Sector Sees Steady Growth in Credit and Deposits, Driven by Private Sector Contributions

19 October 2024
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GCC Secretary General and UK Minister of State Discuss Strategic Partnership and Middle East Crisis in London

18 October 2024
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EU and GCC Enter a New Era of Strategic Partnership: European Commission President:

17 October 2024
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GCC and EU Leaders Unite to Forge Stronger Strategic Partnership at Historic Joint Summit

16 October 2024
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Future Blockchain Summit 2024 Kicks Off in Dubai, Showcasing Global Innovation and Investment Opportunities

13 October 2024
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Tesla Unveils $30,000 Cybercab and Autonomous Driving Plans for 2026

12 October 2024
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Global Village Set to Open for Season 29 with New Attractions and Enhanced Experiences, Tickets Now Available Online

11 October 2024
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Jebel Ali Free Zone (Jafza) Secures Top Global Recognition with Five Major Awards at fDi Global Free Zones of the Year 2024

11 October 2024
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Saudi Arabia Highlights Major Reforms in Women's Rights at UN Committee on Discrimination Against Women in Geneva

10 October 2024
Ratan-Tata

Ratan Tata, Visionary Leader Who Transformed Tata Group and Indian Industry, Passes Away at 86

10 October 2024
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Arab League Highlights Urgent Need for Regional Cooperation to Combat Land Degradation and Ensure Food Security

9 October 2024
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Arab Trade Declines by 3.7% in 2023 Amid Drop in Exports and Rise in Imports, Reports Dhaman

7 October 2024
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UAE Joins BRICS Tax Officials in Moscow to Strengthen Global Cooperation on Tax Reforms

3 October 2024
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US Dollar Surges Amid Middle East Tensions; Other Currencies Experience Volatility

2 October 2024
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Oil Prices Hold Steady as Supply Prospects and Weak Demand Offset Middle East Tensions

1 October 2024
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Mark Zuckerberg Joins $200 Billion Club as Meta Shares Surge in 2024

29 September 2024
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UAE Engages in High-Level Diplomacy and Climate Initiatives at 79th UN General Assembly

28 September 2024
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Saudi Minister of Economy and Planning Meets UN Deputy Secretary-General to Discuss Enhanced Cooperation and Global Economic Issues

27 September 2024
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GCC Secretary General Praises Launch of International Coalition for Two-State Solution Amid Gaza Crisis

27 September 2024
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First Joint Ministerial Meeting Between GCC and Northern European Countries Paves the Way for Enhanced Strategic Cooperation

26 September 2024
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Dubai Approves AED10 Billion Expansion for Dubai Exhibition Centre at Expo City, Paving Way for Global Leadership in Events

23 September 2024
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GCC Moves Closer to Defining Unified Gulf National Products, Aims for Regional Economic Citizenship

21 September 2024
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UAE Mandates Female Representation on Private Joint-Stock Company Boards by 2025

18 September 2024
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Expand North Star 2024: World's Largest Startup and Investor Event Gears Up for October Showcase

16 September 2024
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UAE Launches ‘Invest in the Emirates’ Global Campaign, Inviting Innovators and Entrepreneurs to Tap into a Thriving Business Hub

16 September 2024
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EDGE to Debut at Azerbaijan International Defence Exhibition, Showcasing Advanced Smart Weaponry and Cyberwarfare Technologies

16 September 2024
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UAE President Receives GCC Secretary General to Discuss Regional Cooperation and Stability

16 September 2024
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Saudi Ports Authority Launches New "LMX" Shipping Service at Jubail to Enhance Global Connectivity

15 September 2024
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WETEX 2024 to Showcase Cutting-Edge Innovations in Digital Transformation and Sustainability

15 September 2024
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Qatar Development Bank Named Best Digital Bank in Qatar at 2024 Banking Excellence Awards

15 September 2024
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Ajman Tourism Development Department Launches CIS Promotional Tour to Boost Tourism and Strategic Collaborations

15 September 2024
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Saudi Arabia Strengthens Global Space Cooperation at G20 Space Economy Leaders Meeting

14 September 2024
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OPEC Celebrates 64 Years of Global Oil Market Leadership and Cooperation

14 September 2024
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UAE GCAA and Volar Air Mobility Partner to Develop Nation's First Green Aviation Technology Hub

14 September 2024
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The Impact of Falling Oil Prices on GCC Stock Markets: Decoupling or Correlation?

13 September 2024
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GCC Central Bank Governors Meeting Boosts Financial Integration and Cooperation Across Member States

12 September 2024
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Dubai Integrated Economic Zones Authority Reports Strong Growth in H1 2024, Strengthening Dubai’s Role as Global Investment Hub

11 September 2024
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GCC Secretary General Highlights Environmental Protection as Key Focus in Regional Cooperation

10 September 2024
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Qatar Central Bank Governor and HSBC Regional CEO Discuss Global Banking and Financial Developments

10 September 2024
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Saudi Minister of Industry Strengthens Ties with Chinese Firms, Explores Joint Ventures in Lithium and Copper Processing

6 September 2024
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UAE’s Peaceful Nuclear Energy Programme Achieves Major Milestone with Barakah Plant Fully Operational

6 September 2024
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OPEC+ Extends Voluntary Oil Production Cuts by 2.2 Million Barrels Per Day Until November 2024

6 September 2024
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Sheikh Mansour bin Zayed Chairs Ministerial Development Council Meeting in Abu Dhabi

5 September 2024
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GCC Banks Expected to Sustain Strong Performance Through 2024, S&P Global Ratings Forecasts

4 September 2024
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Saudi Group Showcases Advanced Aviation Services at Egypt International Air Show 2024

4 September 2024
SAMA

Saudi Central Bank Approves Three New FinTech Startups for Regulatory Sandbox Testing

3 September 2024

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1 September 2024
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Abu Dhabi Stem Cells Centre Achieves UAE’s First Ovarian Preservation for Young Leukemia Patient

31 August 2024
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Abu Dhabi Police and ADNOC Distribution Launch Free Summer Vehicle Inspection Service

2 August 2024
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Abu Dhabi Chamber Launches Youth Business Council to Empower Emirati Entrepreneurs

25 July 2024
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Abu Dhabi Energy Services and UAE University Launch UAE's Largest Solar Project in Education Sector

19 July 2024
sustainabilitymenews_2024-07_48d800bf-70d3-484c-89a2-220d039aac40_China ACWA Power

ACWA Power Enters Landmark Agreement with China Southern Power Grid for Central Asia Renewable Energy Project

18 July 2024
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Abu Dhabi Chamber Launches Platform Connecting Local Businesses with Over 3 Million International Companies

18 July 2024
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Abu Dhabi Airports Record 22.4 Million Travelers in 2023: SCAD Report

4 July 2024
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Abu Dhabi Chamber and e& UAE Forge Strategic Partnership to Boost SME Growth

28 June 2024
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Abu Dhabi to Launch Region’s First Family Business Index

26 June 2024
Broaden-Energy-And-ADDED-Signs-MoU-For-Hydrogen-Equipment-Manufacturing-Complex-In-Abu-Dhabi

Abu Dhabi Signs MoU to Establish Landmark Hydrogen Equipment Manufacturing Complex

15 June 2024
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'Next50' Initiative Launched to Propel Growth of UAE's Private Sector

27 May 2024
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ACRES Real Estate Exhibition Set to Enrich Dubai's Property Landscape

30 April 2024
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Abu Dhabi Ascends 10 Places in 2024 Leading Maritime City Report

29 April 2024
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18th IsDB Global Forum: Advancing Islamic Finance Through Innovation, Entrepreneurship, and Leadership

22 April 2024
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AD Ports Collaborates with Iraq to Develop Al Faw Grand Port and Economic Zone

4 April 2024
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Abu Dhabi Unveils Tourism Strategy 2030, Anticipates 178,000 New Jobs

2 April 2024
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AD Ports Group and Archireef Introduce Eco Sea Wall Panels in Saadiyat and Al Aliah Islands

30 March 2024
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Abu Dhabi Real Estate Market Records AED87.1 Billion in Transactions for 2023

22 March 2024

Latest News

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INTERNATIONAL COOPERATION

Saudi Official Engages UNIDO to Boost Industrial Innovation and Strategic Cooperation

Tuesday 6 May 2025

Vienna, May 6, 2025 – Dr. Abdullah bin Ali Alahmari, Assistant Minister for Planning and Development at the Ministry of Industry and Mineral Resources of Saudi Arabia, visited the United Nations Industrial Development Organization (UNIDO) headquarters in Vienna to explore avenues for enhanced cooperation and strategic partnership in industrial development. The visit focused on deepening collaboration in areas such as industrial policy design, innovation ecosystems, and the integration of Fourth Industrial Revolution technologies — especially…
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AVIATION

Dubai to Host 24th Airport Show, Reinforcing MEASA’s Aviation Leadership

Tuesday 6 May 2025

Dubai is set to welcome the 24th edition of the prestigious Airport Show, opening on 7th May 2025 at the Dubai World Trade Centre and continuing until 8th May. Recognized as the largest B2B airport industry event in the Middle East, Africa, and South Asia (MEASA), the show provides a vital platform for networking, innovation, and investment in the global aviation industry. Held under the esteemed patronage of H.H. Sheikh Ahmed bin Saeed Al Maktoum,…
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ENERGY

ADNOC Drilling Secures $806 Million Island Rigs Contract to Power Offshore Expansion at Zakum

Tuesday 6 May 2025

Abu Dhabi, 5 May 2025 – ADNOC Drilling Company has secured a major contract valued at approximately USD 806 million from ADNOC Offshore for the deployment of three next-generation island drilling rigs. The rigs will support the expanding operations at the offshore Zakum development project, one of the world’s largest oil fields. This latest award follows a similar contract for three rigs announced in July 2024, underscoring ADNOC Drilling’s critical role in enabling ADNOC’s strategic…
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INDUSTRY & MANUFACTURING

Saudi Arabia Explores Deeper Aviation Ties with Airbus Helicopters During Minister’s Visit to France

Tuesday 6 May 2025

Marignane, France – In a strategic move to strengthen international industrial partnerships and advance Saudi Arabia’s aviation sector, Minister of Industry and Mineral Resources Bandar Alkhorayef visited the headquarters of Airbus Helicopters in Marignane, France. As part of his official visit to the French Republic, Minister Alkhorayef toured Airbus Helicopters’ advanced manufacturing facilities, gaining firsthand insight into the company’s latest aircraft technologies. He held a bilateral meeting with Bruno Even, Chief Executive Officer of Airbus…
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BUSINESS

Dubai Chambers Unveils Agenda for Strategic Dubai Business Forum – Germany

Tuesday 6 May 2025

Dubai, May 5, 2025 – Dubai Chambers has officially revealed the full agenda for the upcoming Dubai Business Forum – Germany, scheduled to be held in Hamburg on 20th May, marking a major milestone in strengthening bilateral economic relations between Dubai and Germany. Held under the theme “Innovate, Invest, Integrate: Forging a New Path for Dubai-German Economic Synergy”, the forum serves as a strategic platform to explore mutual business opportunities, drive trade and investment, and…
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GOVERNMENT POLICY

Oman’s Government Procurement Reforms Save Over RO6.7 Million in Q1 2025

Monday 5 May 2025

MUSCAT, 5 May 2025 – The Directorate General of Government Procurement, operating under the General Secretariat of the Tender Board (GSTB), announced that it has achieved total financial savings of approximately RO6.78 million by the end of April 2025. These savings were the result of intensified efforts to rationalize expenditures and improve efficiency, particularly in the categories of vehicles, information technology, and facilities management. Key initiatives contributing to these savings include a unified framework contract…
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SHIPPING & MARITIME

Kuwait Resumes Maritime Operations at Shuwaikh and Shuaiba Ports Following Weather Improvements

Monday 5 May 2025

KUWAIT, 5 May 2025 – The Kuwait Ports Authority (KPA) has announced the resumption of maritime navigation at the country’s strategic Shuwaikh and Shuaiba ports as of 9:00 a.m. local time on Monday, following a noticeable improvement in weather conditions. Operations at both ports had been temporarily halted due to adverse weather, including strong winds and reduced visibility that posed potential risks to navigation. The gradual stabilization of weather has allowed for the safe reopening…
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OIL & GAS

ADNOC Gas Reports Strong Q1 2025 Performance with $1.27 Billion Net Income Amid Expanding Global Supply Reach

Monday 5 May 2025

Abu Dhabi, May 5, 2025 – ADNOC Gas plc, a leading integrated gas processing and sales company, announced robust financial results for the first quarter of 2025, reporting a net income of $1.27 billion and EBITDA of $2.16 billion, marking a 7% and 4% increase, respectively, compared to the same period in 2024. This impressive performance is attributed to two key factors: a significant increase in domestic gas demand, propelled by strong economic growth in…
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TECHNOLOGY & INNOVATION

Saudi Arabia Tops ESCWA Digital Services Index for Third Consecutive Year

Monday 5 May 2025

RIYADH — The Kingdom of Saudi Arabia has once again solidified its leadership in the digital government sphere, ranking first among Middle East and North African countries in the 2024 Government Electronic and Mobile Services Maturity Index, released by the United Nations Economic and Social Commission for Western Asia (ESCWA). This marks the third consecutive year that Saudi Arabia has secured the top position in this index, achieving a remarkable maturity rate of 96% in…
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INTERNATIONAL RELATIONS

UAE and Croatia Explore Strategic Economic Cooperation During Ministerial Talks in Zagreb

Monday 5 May 2025

ZAGREB — In a significant step toward enhancing bilateral relations, His Excellency Abdulla bin Touq Al Marri, UAE Minister of Economy, met with His Excellency Ante Šušnjar, Minister of Economy and Sustainable Development of the Republic of Croatia, to explore opportunities for strengthening cooperation across a wide range of economic sectors. The high-level meeting took place as part of Minister Bin Touq’s official visit to several European countries, aimed at boosting strategic partnerships and fostering…
FILE PHOTO: U.S. President-elect Trump attends a Turning Point USA event in Phoenix, Arizona
REGIONAL DEVELOPMENTS

Trump to Meet GCC Leaders in Riyadh Summit During Gulf Tour

Monday 5 May 2025

RIYADH: The leaders of the Gulf Cooperation Council (GCC) are scheduled to convene in Riyadh for a summit meeting with US President Donald Trump during his upcoming visit to the region in mid-May. The summit marks a significant diplomatic engagement as both sides aim to deepen ties and discuss shared priorities across multiple sectors. According to well-informed sources, President Trump will use the opportunity to present the United States' strategic vision for its engagement in…
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TRANSPORT & MOBILITY

Dubai RTA Achieves 16% Growth in Digital Revenues as Smart Transformation Accelerates

Monday 5 May 2025

Dubai, May 5, 2025 – Dubai’s Roads and Transport Authority (RTA) has reported remarkable progress in its digital transformation journey, achieving a 16% increase in digital revenues in 2024, amounting to AED 4.427 billion. The milestone reflects RTA’s commitment to leveraging smart technology and artificial intelligence (AI) to improve services and enhance the digital quality of life in the emirate. The total number of transactions through RTA’s digital channels surged to 679.6 million, with 13.4…
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INTERNATIONAL RELATIONS

UAE and Egypt Strengthen Economic Ties with Launch of $120 Million Industrial and Logistics Hub in East Port Said

Monday 5 May 2025

In a landmark move to bolster economic cooperation between the United Arab Emirates and Egypt, AD Ports Group has signed a 50-year renewable usufruct agreement with the General Authority for the Suez Canal Economic Zone (SCZONE) to develop and operate a vast 20 square kilometre industrial and logistics park near Port Said on Egypt’s Mediterranean coast. The project, officially named KEZAD East Port Said Industrial and Logistics Zone, is set to become a major hub…
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FINANCE

Gulf Stock Markets End Mixed Amid Oil Price Decline and U.S. Economic Concerns

Friday 2 May 2025

Stock markets across the Gulf ended on a mixed note on Thursday, influenced by declining oil prices and disappointing economic data from the United States. The volatility reflected investor concerns over global economic stability, especially following signs of a slowdown in the world’s largest economy. The U.S. economy contracted in the first quarter of the year, primarily due to a surge in imports as businesses rushed to stockpile goods ahead of anticipated tariff hikes. This…
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ECONOMY

UAE Set for Robust Economic Growth in 2025 and Beyond, Says IMF Official

Friday 2 May 2025

The United Arab Emirates (UAE) is poised for solid economic expansion in the coming years, according to updated forecasts shared during a high-level briefing held in Dubai. The International Monetary Fund (IMF) projects that Abu Dhabi’s economy will grow by 4.2% in 2025, accelerating further to 5.8% in 2026. Dubai, the UAE’s commercial and tourism powerhouse, is expected to witness economic growth of 3.3% in 2025, with a slight increase to 3.5% in 2026. For…

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Saudi Arabia and Switzerland Explore Economic Collaboration During Abha Visit

Tuesday 6 May 2025
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Saudi Arabia Elected to Lead WMO Asia Region, Reinforcing Its Role in Advancing Climate and Meteorological Services

Thursday 24 April 2025
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Saudi Cabinet Approves Industrial Incentives to Boost Economic Diversification

Wednesday 18 December 2024

World Watch

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Asian Currencies Surge as US Dollar Weakens Across Global Markets

Monday 5 May 2025
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UK-EU Defense Pact in Sight as Starmer and von der Leyen Seek Strategic Reset Amid Global Instability

Thursday 24 April 2025
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Boeing Faces Setback as Chinese Airlines Refuse Deliveries Amid Escalating Tariff Dispute

Thursday 24 April 2025
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GCC Business Insights

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Get to the heart of the matter with comprehensive coverage and breakdowns of key economic, business, and industry developments across the GCC. Data-driven insights, expert commentary, and strategic context.

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A front-row seat to the region’s dynamic startup ecosystem. Meet the emerging ventures, disruptive ideas, and entrepreneurial talent driving innovation and digital transformation across the GCC.

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GCC Business Insights

In-Depth Analysis

Get to the heart of the matter with comprehensive coverage and breakdowns of key economic, business, and industry developments across the GCC. Data-driven insights, expert commentary, and strategic context.

Expert Opinion

Hear directly from thought leaders, industry veterans, and policy influencers. Curated perspectives and expert takes on the latest challenges, opportunities, and trends shaping the regional and global business landscape.

Exclusive Interviews

One-on-one conversations with CEOs, innovators, investors, and policymakers who are making waves in the GCC. Discover their visions, challenges, and strategies.

Success Stories

Inspiring profiles of companies and individuals who are transforming industries, overcoming challenges, and setting new benchmarks of excellence across the GCC.

Start-Up Spotlight

A front-row seat to the region’s dynamic startup ecosystem. Meet the emerging ventures, disruptive ideas, and entrepreneurial talent driving innovation and digital transformation across the GCC.

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REGIONAL COOPERATION

GCC Reaffirms Support for UN-Led Political Solution in Yemen During Envoy's Visit

Monday 5 May 2025

RIYADH — His Excellency Mr. Jasem Mohamed Albudaiwi, Secretary General of the Gulf Cooperation Council (GCC), reaffirmed the unwavering support of the GCC member states for the United Nations’ efforts and the initiatives of its Special Envoy to Yemen aimed at achieving a comprehensive political resolution to the Yemeni crisis. These remarks were made during Mr. Albudaiwi’s meeting with His Excellency Mr. Hans Grundberg, the United Nations Special Envoy to Yemen, on Monday, May 5,…
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FINANCE

Gulf Stock Markets End Mixed Amid Oil Price Decline and U.S. Economic Concerns

Friday 2 May 2025

Stock markets across the Gulf ended on a mixed note on Thursday, influenced by declining oil prices and disappointing economic data from the United States. The volatility reflected investor concerns over global economic stability, especially following signs of a slowdown in the world’s largest economy. The U.S. economy contracted in the first quarter of the year, primarily due to a surge in imports as businesses rushed to stockpile goods ahead of anticipated tariff hikes. This…
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BUSINESS

GCC Family Offices Embrace Venture Capital Model to Power Innovation and Tech Startups

Friday 25 April 2025

DOHA: Family offices across the Gulf Cooperation Council (GCC) are experiencing a paradigm shift, evolving from traditional wealth-preserving entities into dynamic, innovation-driven investment powerhouses. With younger generations stepping into leadership roles and bringing with them a higher digital fluency and appetite for risk, family offices in the region are moving beyond conventional investments and adopting strategies more akin to venture capital firms. According to a recent report by LOGIC Consulting titled “Beyond Wealth: How Family…
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REGIONAL COOPERATION

GCC Strengthens Unified Regional Vision to Combat Human Trafficking at High-Level Forum in Kuwait

Friday 25 April 2025

Kuwait City, April 25, 2025 – The Sixth Session of the Government Forum to Combat Trafficking in Persons in the Middle East convened in Kuwait with high-level participation from across the Gulf region and key international organizations. His Excellency Mr. Jasem Mohamed Albudaiwi, Secretary General of the Gulf Cooperation Council (GCC), delivered the keynote address, praising the regional and global recognition the forum has earned and highlighting the GCC’s unwavering efforts to tackle human trafficking…
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REGIONAL COOPERATION

Jeddah Chamber Hosts Arab Investment Court Delegation to Boost Legal Protection and Private Sector Cooperation

Friday 25 April 2025

Jeddah, Saudi Arabia — April 24, 2025: In a strategic step toward strengthening legal frameworks and investment security across the Arab region, the Jeddah Chamber hosted a high-level delegation from the Arab Investment Court, an entity affiliated with the Arab League. The meeting took place on Wednesday in the presence of Eng. Raed Al Mudhaiheem, First Vice Chairman of the Jeddah Chamber, alongside several board members, representatives from the General Secretariat, legal professionals, and members…
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BILATERAL RELATIONS

Crown Prince Mohammed bin Salman and Indian Prime Minister Narendra Modi Co-Chair Strategic Partnership Council in Jeddah

Thursday 24 April 2025

JEDDAH, April 23, 2025 — His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister of the Kingdom of Saudi Arabia, welcomed the Prime Minister of the Republic of India, Narendra Modi, at the Royal Court of Al-Salam Palace in Jeddah on Tuesday. The visit began with an official reception ceremony to mark Prime Minister Modi’s arrival, followed by an in-depth discussion session between the two leaders. During the…
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TECHNOLOGY

GCC Cybersecurity Exercise Launched in Riyadh to Strengthen Regional Cyber Defense Cooperation

Tuesday 22 April 2025

Riyadh, April 22, 2025: In a significant move to bolster the Gulf region’s cyber defense capabilities, the National Cybersecurity Authority announced the commencement of the fourth annual GCC Cybersecurity Exercise in Riyadh on Tuesday. The high-level initiative is being conducted with the active participation of cybersecurity specialists from all Gulf Cooperation Council (GCC) member states, along with representatives from the GCC General Secretariat. The exercise aims to strengthen the overall cybersecurity readiness of the region…
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INTERNATIONAL RELATIONS

GCC Secretary General Discusses Strengthening Cooperation with Hague Conference on Private International Law

Wednesday 18 December 2024

Riyadh- In a virtual meeting held on Tuesday, December 17, 2024, His Excellency Mr. Jasem Mohamed Albudaiwi, Secretary General of the Gulf Cooperation Council (GCC), engaged with Dr. Christophe Bernasconi, Secretary General of the Hague Conference on Private International Law. The session focused on fostering cooperation in the realm of international law and facilitating the exchange of academic and research expertise. The dialogue also addressed key issues of mutual interest, underscoring the shared commitment of…
GettyImages-8862942642
REGIONAL AFFAIRS

GCC Reaffirms Commitment to Syrian Sovereignty and Regional Stability

Monday 9 December 2024

Riyadh, Saudi Arabia – His Excellency Mr. Jasem Mohamed Albudaiwi, Secretary-General of the Gulf Cooperation Council (GCC), reiterated the GCC’s unwavering commitment to the sovereignty and territorial integrity of Syria during his address on the ongoing crisis in the region. He emphasized that the GCC's approach, rooted in the principles of respecting the sovereignty of nations and fostering regional security, remained steadfast in its position concerning the Syrian conflict. In his remarks, Albudaiwi highlighted the…

Sector

1WFuOcM0mekcOY8IOzGC6KLlKdzWPWftIBSF5IZe TECHNOLOGY & INNOVATION

NEOM Investment Fund Partners with MemryX to Drive Edge AI Innovation

Monday 5 May 2025

NEOM, May 5, 2025 – The NEOM Investment Fund (NIF) has announced a strategic investment in MemryX, a United States-based leader in Edge AI semiconductor solutions, marking a significant advancement in NEOM’s mission to become a global hub for next-generation, AI-native digital infrastructure. This strategic partnership is set to accelerate the development and deployment of energy-efficient Edge AI accelerators, which are fundamental to enabling a highly responsive, secure, and intelligent digital environment within NEOM. These…
171116-bin-salman-mc-924 TECHNOLOGY & INNOVATION

Saudi Arabia Tops ESCWA Digital Services Index for Third Consecutive Year

Monday 5 May 2025

RIYADH — The Kingdom of Saudi Arabia has once again solidified its leadership in the digital government sphere, ranking first among Middle East and North African countries in the 2024 Government Electronic and Mobile Services Maturity Index, released by the United Nations Economic and Social Commission for Western Asia (ESCWA). This marks the third consecutive year that Saudi Arabia has secured the top position in this index, achieving a remarkable maturity rate of 96% in…
958985 TRANSPORT & MOBILITY

Dubai RTA Achieves 16% Growth in Digital Revenues as Smart Transformation Accelerates

Monday 5 May 2025

Dubai, May 5, 2025 – Dubai’s Roads and Transport Authority (RTA) has reported remarkable progress in its digital transformation journey, achieving a 16% increase in digital revenues in 2024, amounting to AED 4.427 billion. The milestone reflects RTA’s commitment to leveraging smart technology and artificial intelligence (AI) to improve services and enhance the digital quality of life in the emirate. The total number of transactions through RTA’s digital channels surged to 679.6 million, with 13.4…
Saudi,Arabia,Riyadh TECHNOLOGY & INNOVATION

Saudi Arabia Solidifies Its Global Digital Leadership with Major Milestones Under Vision 2030

Saturday 26 April 2025

Riyadh, April 26, 2025 — Saudi Arabia continues to solidify its position as a regional and global digital powerhouse, achieving groundbreaking milestones across the digital economy, artificial intelligence, data centers, and digital governance, as part of the ambitious Saudi Vision 2030. According to the latest Vision 2030 Report, the Kingdom’s digital economy has surged to approximately $495 billion, now contributing around 15% to the national GDP. This remarkable growth highlights Saudi Arabia’s accelerated strides toward…
image TECHNOLOGY & INNOVATION

World’s Leading AI Minds to Gather in Dubai in 2026 to Mark 70 Years of Artificial Intelligence

Saturday 26 April 2025

Dubai, April 26, 2025: The United Arab Emirates has announced a landmark global event for 2026, set to bring together top thinkers from academia, business, technology, philosophy, art, and science to chart the future course of Artificial Intelligence (AI) for the next seven decades. The initiative, named ‘AI@70: Towards a Global Humanity’, will be a centerpiece of Dubai AI Week 2026, symbolizing a major moment in the global AI journey. This historic gathering, officially supported…
1716049408620 TECHNOLOGY

UAE Emerges as Global Leader in AI Readiness, Says BCG Report

Thursday 24 April 2025

Dubai, April 23, 2025 – The UAE has emerged as one of the leading economies in the world for artificial intelligence (AI) readiness, according to the newly released “GCC AI Pulse: Mapping the Region’s Readiness for an AI-Driven Future” report by Boston Consulting Group (BCG). Presented during the Dubai AI Assembly at Dubai AI Week, the report positions the UAE as an AI Contender, one of the highest classifications in BCG’s 2024 AI Maturity Matrix.…
wua0357q1k9109mpn BUSINESS

US Energy Tech Firm Welligence Expands into UAE Under NextGen FDI Initiative

Wednesday 23 April 2025

Abu Dhabi, April 23, 2025 – Welligence, a US-headquartered data analytics firm specializing in the energy sector, has announced its expansion into the United Arab Emirates through the NextGen FDI initiative, with plans to establish a regional office in Abu Dhabi. The move will support the company’s sales, research, and consulting operations, and signals a strategic commitment to the region’s growing energy and technology landscape. Founded in 2017, Welligence leverages artificial intelligence and machine learning…
b0m08vlt1k81icspn TECHNOLOGY & INNOVATION

Sheikh Hamdan Meets X Corp CEO to Strengthen Digital Transformation and Innovation Ties

Thursday 14 November 2024

DUBAI – H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, and Chairman of The Executive Council of Dubai, held a high-level meeting with Linda Yaccarino, CEO of X Corp. (formerly Twitter), at The Executive Office in Emirates Towers, Dubai. The meeting reflects the UAE and Dubai’s continuous drive to engage with global technology giants, a key part of the country’s ambition to reinforce its…
isz08h9i1k81mztpn TECHNOLOGY & INNOVATION

Google Launches Groundbreaking AI Opportunity Initiative to Drive Skills, Innovation, and Economic Growth Across MENA

Thursday 31 October 2024

Dubai – At the Google AI Connect Event held at the Etihad Museum, Google launched its most significant AI endeavor for the Middle East and North Africa (MENA), the "AI Opportunity Initiative," dedicated to fostering AI skills, promoting inclusive research, and offering access to advanced AI technologies. The initiative is set to equip MENA’s emerging workforce with essential AI competencies, supported by $15 million in funding from Google.org, Google’s philanthropic division, and strategic collaborations across…
lD2qTqWwxAFwRmWsFrbAu5NTg5Lkq0zQCUfEkk7T HEALTHCARE

Riyadh Hosts Saudi-Canadian Healthcare Forum: New Investments and Partnerships Announced

Sunday 20 October 2024

The Federation of Saudi Chambers hosted a significant forum today, bringing together leading healthcare companies from Canada to explore investment and partnership opportunities in Saudi Arabia. The event saw the participation of over 26 Canadian firms and was attended by key figures, including Hassan bin Mujib Al-Huwaizi, Chairman of the Federation of Saudi Chambers, and Jean-Philippe Linteau, the Canadian Ambassador to Saudi Arabia. A major highlight of the forum was the announcement by three Canadian…
43c07v2i1k80wu0pn SUSTAINABILITY

Zayed Sustainability Prize Reveals 2025 Finalists: Innovators Leading Global Change in Health, Food, Energy, Water, and Climate Action

Wednesday 9 October 2024

The Zayed Sustainability Prize, the UAE's prestigious award honoring groundbreaking solutions to global sustainability challenges, has revealed the finalists for its 2025 edition. The winners will be announced on 14th January 2025 during the Zayed Sustainability Prize Awards Ceremony, held as part of Abu Dhabi Sustainability Week. The announcement follows rigorous deliberations by the Prize's esteemed Jury, which selected 33 finalists from 5,980 entries across six categories: Health, Food, Energy, Water, Climate Action, and Global…
160426094100kefh-jpg INVESTMENT

Oman Inaugurates $38 Million State-of-the-Art Pharmaceutical Plant in Salalah

Thursday 19 September 2024

Salalah – Dhofar Pharmaceutical Industries Company has inaugurated a state-of-the-art pharmaceutical plant in Raysut Industrial City, Salalah. The new facility, with an investment of RO 15 million, is expected to play a pivotal role in enhancing the Sultanate of Oman's drug security by producing essential medical solutions for local and international markets. The grand opening, held on Wednesday, was presided over by Qais bin Mohammed al Yousef, Minister of Commerce, Industry, and Investment Promotion, and…
aAs0jeN1Za1miGYbksUuceOPka4ecFac6moYuwD5 INTERNATIONAL RELATIONS

Islamic Development Bank Facilitates Inauguration of Two New Hospitals in Indonesia

Saturday 31 August 2024

Jeddah – In a significant boost to Indonesia's healthcare infrastructure, President Joko Widodo inaugurated two state-of-the-art hospitals and over 1,000 beds across six new hospitals on Friday, with financing provided by the Islamic Development Bank (IsDB). The inauguration ceremony was attended by prominent figures, including Dr. Muhammad Al Jasser, President of the IsDB, who emphasized the transformative impact these new medical facilities will have on public health in Indonesia. The newly inaugurated hospitals, which include specialized…
image-1-1 INNOVATIONS

Abu Dhabi Stem Cells Centre Achieves UAE’s First Ovarian Preservation for Young Leukemia Patient

Saturday 31 August 2024

Abu Dhabi – In a groundbreaking medical achievement, the Abu Dhabi Stem Cells Centre (ADSCC) has successfully conducted the UAE’s first ovarian tissue preservation procedure on a 7-year-old Emirati girl diagnosed with acute lymphoblastic leukemia. This significant milestone was achieved in collaboration with ART Fertility Clinic, marking a major step forward in pediatric oncology care and fertility preservation. The young patient, who has been battling a relapsed and refractory form of leukemia, initially faced significant challenges…
0B9A4038 REGIONAL COOPERATION

GCC Secretary General Commends Gulf Health Council’s Role in Advancing Regional Health Cooperation

Thursday 29 August 2024

Riyadh, Saudi Arabia – His Excellency Mr. Jasem Mohamed Albudaiwi, Secretary General of the Gulf Cooperation Council (GCC), lauded the significant contributions of the Gulf Health Council and the Gulf Centre for Disease Prevention and Control in fostering health cooperation and integration among GCC member states. His remarks underscored the commitment of these institutions to aligning with the directives of Their Majesties and Highnesses, the leaders of the GCC countries, in achieving shared health care…
Mubadala building in Abu Dhabi. Victor Besa / The National ACQUISITION

Mubadala and CBC Group Acquire UCB Pharma’s Mature Business in China

Monday 26 August 2024

Mubadala Investment Company has announced a significant acquisition in partnership with CBC Group, Asia’s largest healthcare-dedicated asset management group. The companies have secured 100% ownership of the carve-out of UCB Pharma’s mature business in China. This strategic move highlights Mubadala’s commitment to expanding its presence in Asia’s growing healthcare sector. UCB Pharma, a leading global biopharmaceutical company based in Belgium, holds a prominent position in China’s expanding immunology, neurology, and rare disease markets. The acquisition…
web-0-690-0-0 IPO

PureHealth Celebrates Successful IPO of Ardent Health Partners on NYSE

Monday 22 July 2024

PureHealth has achieved a significant milestone with the successful initial public offering (IPO) of its subsidiary, Ardent Health Partners, on the New York Stock Exchange (NYSE). Ardent Health offered 14,300,000 shares of its common stock at $16 per share, with trading beginning on July 18, 2024, under the ticker symbol ARDT. The listing of Ardent Health on the NYSE not only underscores Abu Dhabi's pivotal role as a key investor in the US market but…
3el0481m1k81ez6pd INNOVATIONS

ADSCC Earns UAE’s First FACT Accreditation for Cellular Therapy

Friday 31 May 2024

In a groundbreaking achievement, the Abu Dhabi Stem Cells Centre (ADSCC) has become the first healthcare institution in the UAE to receive the prestigious accreditation from the Foundation for the Accreditation of Cellular Therapy (FACT). This recognition, announced today by FACT, underscores ADSCC's commitment to advancing cellular therapy and establishing the UAE as a leader in cutting-edge medical technologies. ADSCC's CEO, Prof. Yendry Ventura, has steered the centre to this historic milestone, making it one…
5xp09s9g1k81i4xpn CLIMATE CHANGE

UAE Minister of Climate Change and Environment Celebrates ICBA's 25th Anniversary

Wednesday 18 December 2024

Dubai, UAE – The International Center for Biosaline Agriculture (ICBA) marked a significant milestone in its transformative journey by celebrating its 25th Jubilee at its headquarters in Dubai. The event was graced by Dr. Amna bint Abdullah Al Dahak, Minister of Climate Change and Environment, alongside a host of global sustainability leaders, high-profile dignitaries, and key stakeholders who have played instrumental roles in ICBA’s progress. The event highlighted ICBA’s 25 years of pioneering contributions to…
gpj09ktw1k80w8mpn ENERGY

Dubai's Green Hydrogen Project Achieves Significant Milestone with 90 Tonnes Produced Since 2021

Monday 9 December 2024

Dubai, UAE – Dubai Electricity and Water Authority (DEWA) has proudly announced that its groundbreaking Green Hydrogen project has produced approximately 90 tonnes of green hydrogen since it was launched in May 2021. This milestone highlights DEWA's commitment to sustainable energy solutions and the UAE’s efforts to transition towards a low-carbon future. The produced hydrogen has been used to generate over one gigawatt hour (GWh) of green energy, effectively reducing about 450 tonnes of CO2…
cjz0995z1k80qxtpn REGIONAL DEVELOPS

UAE Highlights Water Security Efforts at Arab Ministerial Water Council Meeting in Jordan

Thursday 28 November 2024

Amman, Jordan – The United Arab Emirates actively participated in the 16th session of the Arab Ministerial Water Council, held in the Hashemite Kingdom of Jordan. The UAE delegation was headed by Ahmed Al Kaabi, Assistant Undersecretary for Electricity, Water, and Future Energy Sector at the Ministry of Energy and Infrastructure. During his address, Al Kaabi emphasized the UAE's dedicated efforts to combat water scarcity and enhance regional and global water security. He outlined the…
lmx091tw1k81rqcpn REGIONAL COOPERATION

Egypt and UAE Strengthen Strategic Ties with Landmark Agreements on Renewable Energy and Industrial Development

Thursday 21 November 2024

In a significant move to strengthen bilateral relations, Egypt and the UAE signed multiple Memoranda of Understanding (MoUs) aimed at advancing renewable energy, industrial growth, and technological innovation. The ceremony was held at the Egyptian Parliament's headquarters in the New Administrative Capital, attended by Egypt’s Prime Minister Dr. Mostafa Madbouly, UAE Minister of Industry and Advanced Technology Dr. Sultan Al Jaber, and other high-ranking officials. The event marked another milestone in the two nations' shared…
csc08zpr1k80xv5pn ENVIRONMENT

UAE Champions Agricultural Innovation at COP29, Launches AI-Based Initiatives to Support Climate-Vulnerable Farmers

Monday 18 November 2024

BAKU – At COP29 in Baku, Mariam Almheiri, Head of International Affairs at the Presidential Court, reinforced the UAE's dedication to fostering technological breakthroughs and partnerships aimed at revolutionizing food systems in response to climate change. Almheiri took part in several high-profile events, showcasing the UAE's progress since the landmark partnership announcement with the Bill & Melinda Gates Foundation on agricultural innovation during COP28. One of the highlights of her participation was a fireside chat…
9fm08utd1k81r4hpn CLIMATE CHANGE

UAE Minister Advocates for Global Climate Collaboration at COP29 in Baku

Thursday 14 November 2024

BAKU – Dr. Amna bint Abdullah Al Dahak, UAE Minister of Climate Change and Environment, actively engaged in a series of significant events during COP29 in Azerbaijan, focusing on key climate issues such as agriculture, youth empowerment, and water sustainability. Throughout her appearances, Dr. Al Dahak underscored the UAE’s commitment to fostering collaboration and inclusion as essential drivers for accelerating climate action well into 2025 and toward COP30 in Brazil. In her keynote address at…
EU flags CLIMATE CHANGE

EU Contributes €28.6 Billion in Public Climate Financing to Support Developing Countries' Efforts in Mitigating Climate Change

Wednesday 6 November 2024

BRUSSELS: The European Union and its member states have committed a total of €28.6 billion in public climate financing in 2023, aimed at supporting developing countries in their efforts to reduce greenhouse gas emissions and adapt to the impacts of climate change. In addition to the public financing, the EU also facilitated the mobilization of €7.2 billion in private investments, further enhancing global efforts to address climate change. This announcement comes as the European Council…
1yi08akv1k80vhrpn RENEWABLE ENERGY

IRENA Holds 28th Council Meeting in Abu Dhabi to Accelerate Renewable Energy Goals

Thursday 24 October 2024

ABU DHABI – The International Renewable Energy Agency (IRENA) commenced its 28th Council meeting in Abu Dhabi today, marking a significant gathering ahead of the 29th Conference of the Parties (COP29). This two-day meeting brings together IRENA Members to address vital topics concerning the global energy transition. Central to the discussions will be the progress towards ambitious targets: tripling renewable energy capacity and doubling energy efficiency by 2030, as highlighted in the Outcome of the…
cjq089ob1k810yqpn SUSTAINABILITY

Dubai Chamber Hosts Third Quarterly Business Groups and Councils Meeting, Emphasizing Economic Growth and Sustainability

Wednesday 23 October 2024

Dubai – The Dubai Chamber of Commerce, one of the three chambers under the Dubai Chambers umbrella, recently hosted the third quarterly meeting for Business Groups and Councils in 2024, bringing together representatives from private sector companies across the emirate. The meeting focused on the latest economic developments in Dubai, future growth prospects, and the vast business and investment opportunities the emirate offers in a wide array of sectors. During the meeting, the chamber provided…
jhc08qgr1k814dhpn REAL ESTATE

Sharjah Real Estate Market Sees AED 1.3 Billion in Transactions in Central and Eastern Regions

Saturday 9 November 2024

The Sharjah Real Estate Registration Department has announced impressive growth in the emirate's real estate sector, with the Central and Eastern regions recording a total cash trading volume of AED 1.3 billion during the first nine months of 2024. This represents a remarkable 57.6% increase compared to the same period last year, according to a newly released report detailing the movement of real estate transactions. The department noted that a total of 22,059 real estate…
BMjMc3tefyCtv0kCP0OSSKx4GODNeUlYlx5QZem4 URBAN DEVELOPMENT

rewrite and elaborate this into a standard news article without altering the meaning and please suggest a new title. also suggest important hashtags horizondally and also mention WHICH CATEGORY(s) THIS NEWS WILL COME UNDER at the end. also please give me the highlight of this news in brief to be given just below the title. please avoid if any news agency's or publications name is mentioned.

Tuesday 5 November 2024

Cairo – At the 12th World Urban Forum (WUF12) held in Cairo, the Real Estate General Authority (REGA) of Saudi Arabia reinforced its commitment to sustainable, forward-looking urban development, aligned with the Kingdom’s ambitious Vision 2030 objectives. REGA’s Chief Executive, Eng. Abdullah bin Saud Al-Hammad, emphasized Saudi Arabia’s steady advancement towards this vision, underscoring its dedication to fostering cities that balance human-centered design with sustainability and resilience to environmental challenges. Al-Hammad stated that REGA’s active…
jll-752-423 REAL ESTATE

Saudi Arabia’s Real Estate Market Sees 2.6% Price Increase in Q3 2024, Driven by Residential and Commercial Sectors

Sunday 27 October 2024

Riyadh – Saudi Arabia’s General Authority for Statistics (GASTAT) has published its Real Estate Price Index for the third quarter of 2024, revealing a 2.6% year-on-year increase in overall real estate prices. The growth has been largely driven by both the residential and commercial sectors, indicating continued demand in these areas amid the Kingdom’s evolving economic landscape. In the residential sector, prices rose by 1.6% over Q3 2023. Key contributors to this growth were residential…
DEST_UAE_DUBAI_SKYLINE_SUNSET_GettyImages-1070127800_Universal REAL ESTATE

Dubai Investments Makes Significant Progress on Violet Tower Residential Development in JVC

Thursday 17 October 2024

Dubai Investments has announced that construction of Violet Tower, its latest residential development in the bustling Jumeirah Village Circle (JVC), is progressing at a steady pace. This AED300 million ($82 million) project is set to elevate the urban living experience, offering residents contemporary and thoughtfully designed spaces in one of Dubai's prime residential areas. Strategically positioned in the heart of JVC, Violet Tower is designed to meet the growing demand for modern urban residences. Once…
a-thriving-housing-market-in-2024

Qatar's Real Estate Market Sees QR3.351bn in Transactions in Q3 2024

Monday 14 October 2024

Doha, Qatar – The Qatari real estate market continues to showcase robust growth during the third quarter (Q3) of 2024, with total transaction values amounting to QR3.351bn across 798 real estate deals. Although slightly lower than the same period in 2023, where QR3.597bn was recorded over 855 transactions, the sector remains a key pillar of the country’s economy, contributing to its ongoing diversification efforts. September 2024 marked the peak of Q3 real estate transactions with…
g70xVf9G-shutterstock_1033351084-6-1200×899 REAL ESTATE

Kuwait's Major Housing Projects Accelerate: Al-Mutlaa, South Saad Al-Abdullah, and South Sabah Al-Ahmad Cities Leading the Way

Thursday 10 October 2024

Kuwait is making substantial progress on several large-scale housing developments aimed at addressing the increasing need for residential units. The projects, spearheaded by the Public Authority for Housing Welfare (PAHW), include the development of Al-Mutlaa City, South Saad Al-Abdullah City, and South Sabah Al-Ahmad City. These initiatives are set to provide homes for thousands of Kuwaiti citizens, while also offering considerable opportunities for foreign companies specializing in infrastructure and construction. Al-Mutlaa City Development Al-Mutlaa City,…
a92721e8-ead6-445d-b365-4023813d8bbd REAL ESTATE

ADGM Unveils New Real Estate Regulations and Launches Unified Digital Platform, AccessRP, to Boost Investment

Thursday 10 October 2024

Abu Dhabi – In a significant move to drive innovation and growth in its real estate sector, Abu Dhabi Global Market (ADGM) has introduced a new set of Real Property Regulations and launched a cutting-edge digital platform, AccessRP. These initiatives follow ADGM's recent strategic expansion to Al Reem Island and aim to position the global financial center as a top-tier destination for real estate investment. The enhanced regulatory framework and the AccessRP platform aim to…
786feb10-02c2-42ca-9819-b98a6f56397c URBAN DEVELOPMENT

Kuwait Showcases Visionary Urban Projects at Gulf Municipal Work Conference in Riyadh

Monday 7 October 2024

Riyadh, Saudi Arabia – Kuwait Municipality proudly displayed its forward-thinking national urban projects at the Gulf Municipal Work Conference's side exhibition, held in the Saudi capital. The exhibition featured the participation of all Gulf Cooperation Council (GCC) member countries, each showcasing their distinctive urban development efforts through dedicated pavilions. Kuwait’s pavilion, titled “Sustainable Urban Planning and Design,” offered an in-depth look at the country’s groundbreaking urban projects that underscore its commitment to modernization and sustainability.…
0kx07fjr1k80ze1pn INVESTMENT

Jubail Island Investment Company Awards AED400 Million Contract for Jubail Town Centre

Monday 23 September 2024

ABU DHABI – Jubail Island Investment Company (JIIC) has officially awarded the construction contract for the highly anticipated Jubail Town Centre, located in Souk Al Jubail, the commercial and retail nucleus of Jubail Island. The contract, valued at approximately AED400 million, has been granted to Bright Accord General Contracting Company. Strategically positioned at the heart of Jubail Island within the Souk Al Jubail village, the Jubail Town Centre aims to serve as a family-friendly lifestyle…
6v203h1u1k91b11pn ENERGY

ADNOC Drilling Secures $806 Million Island Rigs Contract to Power Offshore Expansion at Zakum

Tuesday 6 May 2025

Abu Dhabi, 5 May 2025 – ADNOC Drilling Company has secured a major contract valued at approximately USD 806 million from ADNOC Offshore for the deployment of three next-generation island drilling rigs. The rigs will support the expanding operations at the offshore Zakum development project, one of the world’s largest oil fields. This latest award follows a similar contract for three rigs announced in July 2024, underscoring ADNOC Drilling’s critical role in enabling ADNOC’s strategic…
xw803hz51k90qwvpn OIL & GAS

ADNOC Gas Reports Strong Q1 2025 Performance with $1.27 Billion Net Income Amid Expanding Global Supply Reach

Monday 5 May 2025

Abu Dhabi, May 5, 2025 – ADNOC Gas plc, a leading integrated gas processing and sales company, announced robust financial results for the first quarter of 2025, reporting a net income of $1.27 billion and EBITDA of $2.16 billion, marking a 7% and 4% increase, respectively, compared to the same period in 2024. This impressive performance is attributed to two key factors: a significant increase in domestic gas demand, propelled by strong economic growth in…
Stock-Sultan-Al-Jaber_17f72d41942_medium ENERGY

AI’s Growth Spurs Oil Giants to Increase Investments in Renewable Energy, Says Dr. Sultan Al Jaber

Wednesday 6 November 2024

ABU DHABI: The rapid advancement of artificial intelligence (AI) is encouraging the world’s largest oil companies to significantly ramp up their investments in renewable energy, according to Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, as well as Managing Director and Group CEO of the Abu Dhabi National Oil Company (ADNOC). In a recent interview, Dr. Al Jaber revealed that the potential of AI in transforming global energy landscapes became especially…
pja08jff1k80zw2pn ENERGY

UAE Ministry of Energy and Infrastructure Hosts 12th Harbor Masters Meeting to Boost Port Efficiency and Sustainability

Saturday 2 November 2024

ABU DHABI – The UAE Ministry of Energy and Infrastructure (MoEI) organized the 12th Harbor Masters Meeting, a pivotal gathering aimed at enhancing port efficiency, refining maritime processes, and identifying key challenges within the sector. Hosted by Abu Dhabi Ports Group, the event provided an opportunity for UAE’s maritime leaders to collaborate on advancing port operations and sustainability, showcasing the latest technological advancements in the field. Under the leadership of Hessa Al Malek, Advisor to…
df78b205-08bf-4b50-ad63-e791e5464d12 ENERGY

OAPEC Secretary General Emphasizes Energy Security and Climate Change Balance Ahead of COP29

Thursday 24 October 2024

KUWAIT – During a significant two-day meeting of environmental and climate change experts in Kuwait, Jamal Al-Loughani, the Secretary General of the Organization of Arab Petroleum Exporting Countries (OAPEC), underscored the vital need to balance energy security with the efforts to mitigate climate change. In his address, Al-Loughani highlighted that OAPEC member states are committed to an inclusive approach that embraces a wide range of energy sources and technologies for future energy initiatives. This all-encompassing…
1yi08akv1k80vhrpn RENEWABLE ENERGY

IRENA Holds 28th Council Meeting in Abu Dhabi to Accelerate Renewable Energy Goals

Thursday 24 October 2024

ABU DHABI – The International Renewable Energy Agency (IRENA) commenced its 28th Council meeting in Abu Dhabi today, marking a significant gathering ahead of the 29th Conference of the Parties (COP29). This two-day meeting brings together IRENA Members to address vital topics concerning the global energy transition. Central to the discussions will be the progress towards ambitious targets: tripling renewable energy capacity and doubling energy efficiency by 2030, as highlighted in the Outcome of the…
dhc089o71k80ykspn ENERGY

Dubai Supreme Council of Energy Reports Significant Progress in Carbon Emission Reduction

Wednesday 23 October 2024

Dubai, UAE – His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Supreme Council of Energy (DSCE), chaired the 84th meeting of the Council, held virtually, alongside Saeed Mohammed Al Tayer, Vice Chairman of the DSCE. The meeting highlighted Dubai’s remarkable progress in reducing carbon emissions, a key goal in the emirate’s environmental strategy. One of the meeting’s focal points was the review of Dubai’s annual carbon emissions inventory, which revealed an…
http___com.ft.imagepublish.upp-prod-eu.s3.amazonaws ENERGY

Saudi Aramco CEO Expresses Optimism on China’s Oil Demand Amidst Energy Transition Challenges

Monday 21 October 2024

Saudi Aramco CEO, Amin Nasser, expressed confidence in the continued growth of China’s oil demand, bolstered by the country’s latest economic stimulus package aimed at boosting growth. Speaking on the sidelines of the Singapore International Energy Week conference, Nasser remarked that China, the world’s second-largest oil importer, will see increased demand, particularly for jet fuel and naphtha, driven by its expanding liquid-to-chemical projects. “China’s need for chemicals, especially in the context of its electric vehicle…
167ef5bb-4ded-43a8-b721-0ec32d86c6dd SUSTAINABILITY

Kuwait Petroleum International CEO Highlights Commitment to Sustainable Future at Duqm Forum

Monday 21 October 2024

Muscat – Kuwait Petroleum International (KPI) CEO, Engineer Shafi Al-Ajmi, emphasized the company’s dedication to fostering a more sustainable future through leading efforts in energy transformation. Speaking at the fifth Duqm Forum, which took place in Muscat today, Al-Ajmi outlined KPI’s strategic goals and addressed the challenges facing the energy sector in an era of global transition. The forum, organized by the Omani Chamber of Industry and Commerce, gathered experts from various fields to discuss…
KDJ6IRIVCZLR5ADUHZMO6CKXFY FINANCE

Gulf Stock Markets End Mixed Amid Oil Price Decline and U.S. Economic Concerns

Friday 2 May 2025

Stock markets across the Gulf ended on a mixed note on Thursday, influenced by declining oil prices and disappointing economic data from the United States. The volatility reflected investor concerns over global economic stability, especially following signs of a slowdown in the world’s largest economy. The U.S. economy contracted in the first quarter of the year, primarily due to a surge in imports as businesses rushed to stockpile goods ahead of anticipated tariff hikes. This…
239229 BANKING & FINANCE

Qatar Central Bank Governor Highlights Patriotism and Development on National Day

Wednesday 18 December 2024

Doha - His Excellency Sheikh Bandar bin Mohammed bin Saoud Al-Thani, Governor of Qatar Central Bank (QCB), reaffirmed the significance of Qatar National Day (QND) as a cherished occasion to strengthen patriotism and national identity. In his remarks commemorating the day, he highlighted the enduring values of unity and solidarity among the people of Qatar and reflected on the nation’s extraordinary journey, from its founding by Sheikh Jassim bin Mohammed bin Thani to the remarkable…
GBN_SAMA_23062021 BANKING & FINANCE

Saudi Central Bank Approves D360 Bank to Commence Operations

Wednesday 18 December 2024

Riyadh, Saudi Arabia – The Saudi Central Bank (SAMA) has officially authorised D360 Bank to commence its digital banking operations in the Kingdom, marking a significant milestone in Saudi Arabia's evolving financial landscape. This move aligns with SAMA’s strategic objectives to enhance the stability of the financial sector, build public trust, stimulate economic growth, and foster healthy competition within the banking industry. D360 Bank joins the ranks of three licensed digital banks operating in Saudi…
4075276-898124895-1 FINANCE

Saudi Arabia Reduces Interest Rates Again in 2024 Amid Global Economic Shifts

Friday 8 November 2024

RIYADH – The Saudi Arabian Monetary Authority (SAMA) has announced its second interest rate cut of the year, lowering the benchmark Repurchase Agreement (Repo) rate by 25 basis points to 5.25 percent and the Reverse Repo rate to 4.75 percent. This strategic monetary move mirrors the latest decision by the US Federal Reserve, which also reduced rates by 25 basis points to a target range of 4.5 to 4.75 percent. In a formal statement, SAMA…
TNOW6VKAHTF3Y5OGB7PQLYUHOI

National Bank of Bahrain Advances Merger Talks with Bank of Bahrain and Kuwait

Wednesday 6 November 2024

The National Bank of Bahrain (NBB), a prominent financial institution in the kingdom, has taken significant steps in its exploration of a potential merger with the Bank of Bahrain and Kuwait (BBK). The two banks have been in talks for several months, and NBB has officially begun the preliminary proceedings toward this strategic merger. Earlier this year, NBB confirmed that it had appointed Goldman Sachs as its financial adviser to assist in the merger negotiations…
jqo088ne1k81i73pn BANKING & FINANCE

Sharjah Islamic Bank Wins Prestigious Quality Award from Deutsche Bank for Payment Excellence

Wednesday 23 October 2024

Sharjah, 23rd October 2024 – Sharjah Islamic Bank (SIB) has been honored with the prestigious Quality Award from Deutsche Bank, recognizing the bank’s exceptional performance in Straight Through Payment (STP) processing. This award highlights SIB’s dedication to maintaining the highest levels of accuracy, security, and efficiency in executing financial payments and facilitating external transfers. The award was presented during a special ceremony held at SIB’s headquarters, where Ahmed Saad, Deputy CEO of the bank, received…
Hsbc,Bank,Branch,In,Istanbul,,Turkey,On,Feb,9,,2015. BANKING & FINANCE

MENA Investment Banking Fees Surge to $1 Billion in 2024, HSBC Leads the Pack

Wednesday 23 October 2024

The investment banking sector in the Middle East and North Africa (MENA) has experienced significant growth in 2024, with total fees reaching an estimated $1 billion during the first nine months of the year. This marks a 27% increase compared to the same period in 2023, signaling strong performance across various financial markets. According to LSEG Deals Intelligence, HSBC emerged as the top earner in the region, raking in $80.4 million in fees, representing 7.8%…
4039331-648450693 BANKING & FINANCE

Oman’s Banking Sector Sees Steady Growth in Credit and Deposits, Driven by Private Sector Contributions

Saturday 19 October 2024

Muscat – Oman's banking sector experienced steady growth in both credit extension and deposits during the past year, according to recent data released by the Central Bank of Oman. The figures show a 3.3 percent overall increase in credit extended to the economy compared to the previous year, with credit to the private sector specifically rising by 2.8 percent, reaching an impressive RO 26.3 billion. The private sector, a key driver of this growth, continues…
news-banner BANKING & FINANCE

Bahrain's Money Supply and Banking Sector Show Steady Growth, Loans Increase by 5.2%

Monday 14 October 2024

Manama, Bahrain – The Central Bank of Bahrain (CBB) has reported an increase in the kingdom’s money supply, banking sector performance, and overall financial growth, with significant developments noted by the end of August 2024. During the CBB’s fourth board meeting of the year, chaired by Hassan Khalifa Al Jalahma, the board reviewed the financial indicators and the bank’s performance for the third quarter. The report revealed that Bahrain’s money supply rose by BD0.6 million,…
wtv036k91k91inupn TOURISM

Dubai Tourism Records 3% Growth in Q1 2025 as City Prepares to Host Largest-Ever Arabian Travel Market

Friday 25 April 2025

Dubai, 25 April 2025 — Dubai’s tourism industry has continued its strong performance into 2025, registering a 3% year-on-year growth in the first quarter. This follows a robust 2024, which saw a 9% increase in overnight visitors, totalling approximately 18.72 million. The announcement was made by Issam Kazim, CEO of Dubai Corporation for Tourism and Commerce Marketing (DCTCM), during a press conference ahead of the highly anticipated Arabian Travel Market (ATM) 2025. Kazim highlighted the…
ftadubai-770×367 ECONOMY

UAE Launches World's First VAT Refund System for E-Commerce Purchases by Tourists

Monday 16 December 2024

Dubai, UAE – The Federal Tax Authority (FTA) has unveiled the world’s first VAT Refund System for E-Commerce Retail Purchases, enabling tourists visiting the UAE to claim VAT refunds on eligible e-commerce transactions. This groundbreaking initiative, launched in collaboration with Planet, the authorised operator of the VAT refund system, is a testament to the UAE's commitment to innovation, digital transformation, and enhancing its appeal as a premier global tourism destination. The FTA, in a press…
04z08odm1k81s7qpn TRAVEL & TOURISM

Shurooq Showcases Sharjah’s Eco-Luxury and Heritage Projects at World Travel Market 2024

Friday 8 November 2024

SHARJAH – The Sharjah Investment and Development Authority (Shurooq) made a significant impact at the World Travel Market (WTM) 2024, held in London, by presenting some of the emirate’s most ambitious eco-luxury and heritage tourism projects. The event served as a global platform for showcasing the unique blend of Sharjah’s rich cultural history and its breathtaking natural landscapes, encapsulated in two standout projects: Mleiha National Park and the Nomad luxury retreat. Shurooq’s exhibition was part…
Dubai-Unveils-Saih-Al-Salam-Scenic-Route-Master-Plan TRAVEL & TOURISM

Dubai Unveils Saih Al Salam Scenic Route Master Plan to Boost Rural Tourism and Investment

Monday 21 October 2024

In alignment with the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, Chairman of the Dubai Executive Council, and Chairman of the Higher Committee for Development and Citizen Affairs, has approved an ambitious master plan for the Saih Al Salam Scenic Route. The plan, which includes…
kak-rabotaet-global-village_7087d39e-659e-46bb-ab5e-b9c61af024ad TRAVEL & TOURISM

Global Village Set to Open for Season 29 with New Attractions and Enhanced Experiences, Tickets Now Available Online

Friday 11 October 2024

Dubai - With just five days left until the grand opening of Dubai’s Global Village, the iconic festival park has launched its online ticketing platform, allowing eager visitors to purchase their passes in advance. Season 29 will officially commence on Wednesday, October 16, 2024, and promises an array of new attractions, including the highly anticipated 'Restaurant Plaza' and three more cultural pavilions, aimed at enriching the cultural and culinary experiences for guests. Entry tickets are…
Emirates_1_web AVIATION

Dubai Implements Strict Ban on Pagers and Walkie Talkies on Emirates Flights

Monday 7 October 2024

Dubai, UAE – Passengers traveling to, from, or transiting through Dubai on Emirates Airlines are now subject to a new regulation that strictly prohibits the transportation of pagers and walkie talkies in their checked or cabin baggage. This policy, which is effective immediately, applies to all flights passing through Dubai’s airports as part of heightened security measures aimed at safeguarding aviation operations. Under the new rule, any pagers or walkie talkies discovered in passenger luggage,…
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Dubai Approves AED10 Billion Expansion for Dubai Exhibition Centre at Expo City, Paving Way for Global Leadership in Events

Monday 23 September 2024

DUBAI – His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, has given the green light to a substantial AED10 billion expansion of the Dubai Exhibition Centre (DEC) at Expo City Dubai. This initiative, aligned with the Dubai 2040 Urban Master Plan, aims to position the DEC as the largest purpose-built indoor events and exhibitions venue in the region. The expansion is a key component of Expo City…
Dubai-1-1600×1067

UAE Economy to Grow by 4.8% in 2025, Driven by Non-Oil Sector and Tourism Boom

Friday 20 September 2024

ABU DHABI, September – Scott Livermore, Chief Economist and Managing Director of Oxford Economics Middle East and Economic Advisor to the Institute of Chartered Accountants in England and Wales (ICAEW), has projected a robust growth trajectory for the UAE economy. According to Livermore, the UAE is on course to achieve a 4.8% growth in 2025, largely driven by the expanding non-oil sector, tourism, and substantial government-backed investment initiatives. In an exclusive statement to the Emirates News…
MBS ECONOMY

Saudi Crown Prince praises Major Achievements in Vision 2030 Initiative

Thursday 19 September 2024

RIYADH, September – In his annual address at the Shoura Council, Crown Prince Mohammed bin Salman hailed the transformative progress made by Saudi Arabia as part of its Vision 2030 initiative, underscoring the Kingdom’s significant achievements in tourism, employment, economic diversification, and renewable energy. The speech, delivered after inaugurating the first year of the ninth session of the council, highlighted key milestones across various sectors as Saudi Arabia continues its push toward reducing dependence on oil…
First-Vessel-Arrives-at-Shuwaikh-Port SHIPPING & MARITIME

Kuwait Resumes Maritime Operations at Shuwaikh and Shuaiba Ports Following Weather Improvements

Monday 5 May 2025

KUWAIT, 5 May 2025 – The Kuwait Ports Authority (KPA) has announced the resumption of maritime navigation at the country’s strategic Shuwaikh and Shuaiba ports as of 9:00 a.m. local time on Monday, following a noticeable improvement in weather conditions. Operations at both ports had been temporarily halted due to adverse weather, including strong winds and reduced visibility that posed potential risks to navigation. The gradual stabilization of weather has allowed for the safe reopening…
fkm03gxb1k91ll7pn INTERNATIONAL RELATIONS

UAE and Egypt Strengthen Economic Ties with Launch of $120 Million Industrial and Logistics Hub in East Port Said

Monday 5 May 2025

In a landmark move to bolster economic cooperation between the United Arab Emirates and Egypt, AD Ports Group has signed a 50-year renewable usufruct agreement with the General Authority for the Suez Canal Economic Zone (SCZONE) to develop and operate a vast 20 square kilometre industrial and logistics park near Port Said on Egypt’s Mediterranean coast. The project, officially named KEZAD East Port Said Industrial and Logistics Zone, is set to become a major hub…
Suez-Canal-Sees-Revenue-Drop-Following-Disruptions-to-Navigation GLOBAL SHIPPING

Suez Canal Economic Zone (SCEZ) Invests $3 Billion in Infrastructure to Expand as a Hub for Global Trade and Green Energy

Wednesday 6 November 2024

Cairo – Egypt’s Suez Canal Economic Zone (SCEZ) has invested $3 billion in infrastructure over recent years and plans to match this amount in upcoming developments, according to Chairman Gamal El-Dein. In an interview, he explained that the SCEZ's ongoing expansion and modernization efforts aim to draw increased investor interest by capitalizing on the vast international shipping volumes that pass through the Suez Canal, one of the world’s most critical maritime routes. The SCEZ is…
Blogs-Pictures-Orbitshub-marine-vessel-management-system-1910×1074-1 SHIPPING & MARITIME

Abu Dhabi Maritime Awards 2024 Receives 120 Global Entries

Friday 25 October 2024

Abu Dhabi – Abu Dhabi Maritime, a subsidiary of AD Ports Group, has announced a strong global response to the second edition of the Abu Dhabi Maritime Awards (Marina Edition), which celebrates leadership and innovation in the maritime sector. In collaboration with the Integrated Transport Centre (Abu Dhabi Mobility) under the Department of Municipalities and Transport, the awards program received 120 submissions from marinas across eight countries, highlighting an enthusiastic engagement from the sector. The…
bZ4XLrrynSsWULHPMRqzSOW2jpPEoQz0qfEHnYdp SHIPPING & MARITIME

Saudi Arabia and Egypt Sign MoU to Strengthen Maritime Connectivity at Global Logistics Forum

Monday 14 October 2024

Riyadh, Saudi Arabia – In a significant step towards enhancing regional cooperation in the maritime sector, Saudi Arabia's Minister of Transport and Logistic Services, Saleh Al-Jasser, and Egypt’s Minister of Transport and Industry, Lieutenant General Kamel Al-Wazir, have signed a Memorandum of Understanding (MoU) on maritime connectivity. The agreement was formalized during the inaugural Global Logistics Forum, held from October 12 to 14 in Riyadh, under the theme “Reshaping the Global Map of Logistics.” The…
mHQmAX6AZDSequYkvzKC5IBuNbu8QyQvSrJdWTWg SHIPPING & MARITIME

Saudi Deputy Minister Highlights Red Sea's Impact on Global Trade at World Logistics Forum 2024

Monday 14 October 2024

Riyadh, Saudi Arabia – The strategic significance of the Red Sea in global trade and the far-reaching impacts of disruptions in the region were key points discussed by Deputy Minister of Transport and Logistic Services, Eng. Rumaih bin Mohammed Al-Rumaih, during a panel at the World Logistics Forum 2024, held in Riyadh. The panel, titled “Resilience of Logistics Services in the Face of Disruptions in the Red Sea Region”, addressed the critical challenges faced by…
Regulations-JAFZA-Offshore LOGISTICS

Jebel Ali Free Zone (Jafza) Secures Top Global Recognition with Five Major Awards at fDi Global Free Zones of the Year 2024

Friday 11 October 2024

Jebel Ali Free Zone (Jafza), a leading global hub for trade and logistics, has once again reinforced its status as a premier free zone with a remarkable performance at the fDi Global Free Zones of the Year 2024 awards. Jafza not only claimed the top spot in the overall global ranking of free zones but also garnered four additional accolades, cementing its position as an international leader in industrial innovation and sustainability. At the prestigious…
dd0a4276-743e-42f5-8cdc-bacb78c6a795

Saudi Maritime and Logistics Congress 2024 Kicks Off in Dammam

Wednesday 18 September 2024

Dammam – The fifth edition of the Saudi Maritime and Logistics Congress opened today in Dammam under the patronage of Eng. Saleh Al-Jasser, Minister of Transport and Logistics Services and Chairman of the Transport General Authority (TGA). The event was inaugurated by Dr. Rumaih Al-Rumaih, Vice Minister of Transport and President of TGA, highlighting Saudi Arabia's ambitious strides toward becoming a global logistics hub. In his keynote speech, Dr. Al-Rumaih emphasized the importance of strategic initiatives…
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QTerminals Achieves Safety and Sustainability Milestones at Hamad Port, Solidifying its Role as a Global Maritime Hub

Sunday 15 September 2024

DOHA, QATAR – QTerminals, the operator of Hamad Port, continues to set new benchmarks in both worker safety and sustainability. As the port rapidly transforms into a regional trade hub, the company remains steadfast in maintaining the highest standards of safety for its employees, contractors, and visitors. In a recent update shared via the company's X (formerly Twitter) platform, QTerminals reported significant progress in ensuring a safe working environment. As of August 2024, the port…
vei03h231k91ahspn AVIATION

Dubai to Host 24th Airport Show, Reinforcing MEASA’s Aviation Leadership

Tuesday 6 May 2025

Dubai is set to welcome the 24th edition of the prestigious Airport Show, opening on 7th May 2025 at the Dubai World Trade Centre and continuing until 8th May. Recognized as the largest B2B airport industry event in the Middle East, Africa, and South Asia (MEASA), the show provides a vital platform for networking, innovation, and investment in the global aviation industry. Held under the esteemed patronage of H.H. Sheikh Ahmed bin Saeed Al Maktoum,…
3b90b7c4-e955-4369-956d-6738c0874556 AVIATION

Etihad Airways Reports AED 1.4 Billion Profit in First Nine Months of 2024, Driven by Strategic Expansion and Strong Passenger Demand

Friday 15 November 2024

ABU DHABI – Etihad Airways has announced an impressive profit after tax of AED 1.4 billion (U.S.$368 million) for the nine months ending 30th September 2024, representing a substantial 66% rise from AED 814 million (U.S.$222 million) achieved in the same period last year. The result underscores the effectiveness of the airline’s strategic focus on growth, operational efficiency, and superior customer service. Total revenue surged by 21%, reaching AED 18.4 billion (U.S.$5.0 billion), up from…
2me08f541k80z8tpn AVIATION

Emirates Strengthens Ties with Vietnam Airlines and VietJet through New Agreements, Enhancing Connectivity between UAE and Vietnam

Tuesday 29 October 2024

DUBAI – In a significant move to boost tourism and trade links between the UAE and Vietnam, Emirates has signed two new Memoranda of Understanding (MoUs) with Vietnam Airlines and VietJet. These agreements, signed during the Vietnam - UAE Business Forum at the Hilton Dubai Palm Jumeirah hotel, aim to strengthen connectivity and expand travel options between Dubai and Vietnam's major gateways, Ho Chi Minh City and Hanoi. The signing ceremony saw key leaders and…
private-jet-dubai AVIATION

Aviation Sector Boosts Dubai's Economy by AED137 Billion in 2023

Thursday 24 October 2024

DUBAI – The Emirates Group and Dubai Airports have released a comprehensive economic impact study, revealing the vital role that the aviation sector plays in Dubai’s economy. Compiled by the renowned research firm Oxford Economics, the study not only quantifies aviation's contributions to the local economy but also projects an optimistic growth trajectory for the sector based on anticipated increases in passenger traffic and financial performance. The study examines three key dimensions of the aviation…
W1SbEqKkQcdurPg78zoz6CK4c0u6pV1OarSMhTiT AVIATION

Saudi Air Connectivity Program Wraps Up Successful Participation at Routes World 2024 in Bahrain

Tuesday 8 October 2024

MANAMA – The Saudi Air Connectivity Program successfully concluded its participation at the Routes World 2024 conference and exhibition, held in Bahrain, where it made significant strides in forging new partnerships and exploring opportunities for expanding Saudi Arabia’s aviation network. Over the course of the three-day event, the program conducted 116 high-level meetings with global aviation leaders, airline executives, and airport representatives to discuss potential collaborations, industry trends, and future developments aimed at enhancing air…
blc07p021k80whypn

IATA and Aircraft Manufacturers Establish Principles for Access to Operational Data

Thursday 3 October 2024

GENEVA – The International Air Transport Association (IATA) has joined forces with leading aircraft manufacturers Airbus, Embraer, and Rolls-Royce to establish five fundamental principles governing the access to and use of Aircraft Operational Data (AOD). This initiative aims to enhance data governance within the aviation sector, ensuring that airlines maintain control over their operational data. The first principle, consent, mandates that AOD can only be extracted with the explicit written consent of the airline. This…
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Qatar Airways to Acquire 25% Stake in Virgin Australia, Expanding Global Network

Tuesday 1 October 2024

Doha – Qatar Airways is set to deepen its partnership with Virgin Australia by acquiring a 25% stake in the Australian airline, a move that will further integrate the two carriers' operations and expand their global reach. The stake will be acquired from Bain Capital, Virgin Australia’s current owner, pending regulatory approval, the companies confirmed in a joint statement on Monday. While the terms of the agreement have not been disclosed, this acquisition marks a…
GMSGUTUX0AAHqC7

King Fahd International Airport in Dammam Earns Prestigious Level 3 ACI Customer Experience Accreditation

Monday 30 September 2024

Dammam, Saudi Arabia – King Fahd International Airport has been awarded the prestigious Level 3 Customer Experience Accreditation by the Airports Council International (ACI), marking a significant milestone in the airport's ongoing efforts to enhance passenger satisfaction through seamless, innovative, and sustainable services. The accreditation was officially presented to Engineer Hisham Hakimi, Vice President for Projects and Technical Affairs at Dammam Airports Company, during the US Customer Experience Summit and Exhibition held in Atlanta, USA,…
6kw07dg31k81bkupn AVIATION & AEROSPACE

UAE Strengthens Ties with Beta Technologies to Advance Electric Aircraft and Urban Air Mobility

Saturday 21 September 2024

Dubai – In a bid to strengthen its position as a global leader in advanced air transport technologies, the UAE’s General Civil Aviation Authority (GCAA), led by Director General Saif Mohammed Al Suwaidi, has engaged in strategic talks with Kyle Clark, Founder, Chairman, and CEO of Beta Technologies. The discussions focused on enhancing cooperation, exchanging expertise, and sharing best practices in the rapidly evolving field of electric aircraft. The dialogue took place during a high-profile…
Suez-Canal-Sees-Revenue-Drop-Following-Disruptions-to-Navigation GLOBAL SHIPPING

Suez Canal Economic Zone (SCEZ) Invests $3 Billion in Infrastructure to Expand as a Hub for Global Trade and Green Energy

Wednesday 6 November 2024

Cairo – Egypt’s Suez Canal Economic Zone (SCEZ) has invested $3 billion in infrastructure over recent years and plans to match this amount in upcoming developments, according to Chairman Gamal El-Dein. In an interview, he explained that the SCEZ's ongoing expansion and modernization efforts aim to draw increased investor interest by capitalizing on the vast international shipping volumes that pass through the Suez Canal, one of the world’s most critical maritime routes. The SCEZ is…
Qatar-Cargo-B777F-deliveries LOGISTICS

Qatar Airways Cargo and Qatar Post Strengthen Strategic Partnership to Boost Postal Services

Wednesday 16 October 2024

Qatar Airways Cargo and Qatar Postal Services Company (Qatar Post) have signed a landmark cooperation agreement to bolster their strategic partnership in postal activities and mail transportation to and from Doha. This collaboration, designed to meet customer needs efficiently and in accordance with international postal union standards, underscores both entities' commitment to enhancing logistical infrastructure and ensuring smooth coordination in postal operations. The agreement outlines competitive rates specifically tailored for postal shipments transported via Qatar…
bZ4XLrrynSsWULHPMRqzSOW2jpPEoQz0qfEHnYdp SHIPPING & MARITIME

Saudi Arabia and Egypt Sign MoU to Strengthen Maritime Connectivity at Global Logistics Forum

Monday 14 October 2024

Riyadh, Saudi Arabia – In a significant step towards enhancing regional cooperation in the maritime sector, Saudi Arabia's Minister of Transport and Logistic Services, Saleh Al-Jasser, and Egypt’s Minister of Transport and Industry, Lieutenant General Kamel Al-Wazir, have signed a Memorandum of Understanding (MoU) on maritime connectivity. The agreement was formalized during the inaugural Global Logistics Forum, held from October 12 to 14 in Riyadh, under the theme “Reshaping the Global Map of Logistics.” The…
mHQmAX6AZDSequYkvzKC5IBuNbu8QyQvSrJdWTWg SHIPPING & MARITIME

Saudi Deputy Minister Highlights Red Sea's Impact on Global Trade at World Logistics Forum 2024

Monday 14 October 2024

Riyadh, Saudi Arabia – The strategic significance of the Red Sea in global trade and the far-reaching impacts of disruptions in the region were key points discussed by Deputy Minister of Transport and Logistic Services, Eng. Rumaih bin Mohammed Al-Rumaih, during a panel at the World Logistics Forum 2024, held in Riyadh. The panel, titled “Resilience of Logistics Services in the Face of Disruptions in the Red Sea Region”, addressed the critical challenges faced by…
download (1) LOGISTICS & TRANSPORTATION

Kuwait Unveils Plans to Expand Land Freight Routes and Integrate Rail Connectivity at Global Logistics Forum 2024

Monday 14 October 2024

Riyadh, Saudi Arabia – Kuwait is set to advance its logistics infrastructure by expanding the land freight route to northern Kuwait, home to the Mubarak Al-Kabeer Port, according to the country’s Minister of Public Works, Dr. Noura Al-Mashaan. Speaking at the Global Logistics Forum 2024, Dr. Al-Mashaan emphasized Kuwait’s commitment to developing sustainable logistics services as part of its national strategy for 2035. During her address at the forum, themed “Redrawing the Map of Global…
Etihad-Rail-Slideshow-3 LOGISTICS & TRANSPORTATION

Borouge and Etihad Rail Achieve Major Milestone: Over 700,000 Tonnes of Polyolefins Transported in First Year

Monday 14 October 2024

ABU DHABI - Borouge Plc, a leading provider of innovative polyolefin solutions, has announced a major milestone in its logistics operations with the successful transportation of over 700,000 tonnes of polyolefins via Etihad Rail in the first year of their collaboration. This milestone marks the significant progress achieved since the service launched in September 2023, transporting over 36,000 containers from Borouge’s rail freight terminal in Al Ruwais Industrial City to Khalifa Port in Abu Dhabi.…
Regulations-JAFZA-Offshore LOGISTICS

Jebel Ali Free Zone (Jafza) Secures Top Global Recognition with Five Major Awards at fDi Global Free Zones of the Year 2024

Friday 11 October 2024

Jebel Ali Free Zone (Jafza), a leading global hub for trade and logistics, has once again reinforced its status as a premier free zone with a remarkable performance at the fDi Global Free Zones of the Year 2024 awards. Jafza not only claimed the top spot in the overall global ranking of free zones but also garnered four additional accolades, cementing its position as an international leader in industrial innovation and sustainability. At the prestigious…
dd0a4276-743e-42f5-8cdc-bacb78c6a795

Saudi Maritime and Logistics Congress 2024 Kicks Off in Dammam

Wednesday 18 September 2024

Dammam – The fifth edition of the Saudi Maritime and Logistics Congress opened today in Dammam under the patronage of Eng. Saleh Al-Jasser, Minister of Transport and Logistics Services and Chairman of the Transport General Authority (TGA). The event was inaugurated by Dr. Rumaih Al-Rumaih, Vice Minister of Transport and President of TGA, highlighting Saudi Arabia's ambitious strides toward becoming a global logistics hub. In his keynote speech, Dr. Al-Rumaih emphasized the importance of strategic initiatives…
05-copy

QTerminals Achieves Safety and Sustainability Milestones at Hamad Port, Solidifying its Role as a Global Maritime Hub

Sunday 15 September 2024

DOHA, QATAR – QTerminals, the operator of Hamad Port, continues to set new benchmarks in both worker safety and sustainability. As the port rapidly transforms into a regional trade hub, the company remains steadfast in maintaining the highest standards of safety for its employees, contractors, and visitors. In a recent update shared via the company's X (formerly Twitter) platform, QTerminals reported significant progress in ensuring a safe working environment. As of August 2024, the port…
aws07p041k80za3pn F & B

Etihad Credit Insurance Sponsors Future Food Forum to Propel Sustainability in the F&B Sector

Thursday 3 October 2024

DUBAI – Etihad Credit Insurance (ECI) played a pivotal role as the official sponsor and Export Acceleration Partner at the 6th edition of the Future Food Forum, the largest annual gathering for stakeholders in the Middle East’s food and beverage sectors. The two-day event, which concludes today in Dubai, was organized in collaboration with Dubai Chambers and received support from Food Tech Valley, alongside sponsorship from various UAE-based food and beverage manufacturers. The forum centered…
qji07dey1k811supn

Abu Dhabi Housing Authority and ADCB Partner to Offer Additional Financing Options for Housing Loan Beneficiaries

Saturday 21 September 2024

Abu Dhabi – In a significant move to support citizens in obtaining suitable housing, the Abu Dhabi Housing Authority (ADHA) has partnered with Abu Dhabi Commercial Bank (ADCB) to introduce top-up loans on existing housing loans for beneficiaries of ADHA’s Housing Loan Programme. The initiative provides eligible UAE nationals with additional financing of up to AED500,000, furthering their access to homes that better suit their needs, with options for both interest-based and Murabaha (Islamic finance)…
905jQrZo-opec-organizzazione-dei-paesi-esportatori-di-petrolio-1200×675

OPEC+ Extends Voluntary Oil Production Cuts by 2.2 Million Barrels Per Day Until November 2024

Friday 6 September 2024

VIENNA – OPEC+ countries have collectively agreed to extend their additional voluntary oil production cuts of 2.2 million barrels per day (bpd) for another two months, pushing the expiration date to the end of November 2024. The decision came during a virtual meeting held on September 5, 2024, where the group reiterated its strong commitment to stabilizing global oil markets through coordinated production adjustments. The extension follows the earlier voluntary cuts announced in April and November…
ock036981k91eorpn INTERNATIONAL RELATIONS

Dubai Chamber Launches Peruvian Business Council to Deepen Bilateral Economic Ties

Friday 25 April 2025

Dubai, 25 April 2025 — In a significant move to boost bilateral trade and investment ties between the UAE and Latin America, Dubai Chamber of Commerce has announced the official launch of the Peruvian Business Council. The announcement was made in the presence of Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, during the council's inaugural annual general meeting held at the Chamber’s headquarters. Operating under the umbrella of Dubai Chambers,…
269875 INTERNATIONAL RELATIONS

Qatar and Germany Explore Deeper Trade Ties and Investment Opportunities at High-Level Business

Thursday 24 April 2025

Doha, Qatar: In a significant move to bolster economic ties between Qatar and Germany, the Qatar Chamber (QC) hosted a high-level German trade delegation yesterday, headed by His Excellency Hendrik Wüst, Minister-President of the State of North Rhine-Westphalia. The delegation was received by Sheikh Khalifa bin Jassim bin Mohammed Al Thani, Chairman of Qatar Chamber, during a business forum aimed at fostering private sector partnerships and exploring mutual investment opportunities. The joint business meeting brought…
NEkPbTb50WdzZh4RL341Zmopz7aGQ2njShtUOMpM BUSINESS

Saudi-U.S. Business Forum in Riyadh Explores Opportunities for Growth and Collaboration

Monday 9 December 2024

Riyadh, Saudi Arabia – The Federation of Saudi Chambers, in partnership with the U.S. Department of Commerce, organized the Saudi-U.S. Business Forum today in Riyadh, providing a significant opportunity for fostering economic ties and promoting investment between the two nations. The event was attended by Walid Al-Arainan, Secretary-General of the Federation of Saudi Chambers, and Alison Dilworth, Deputy Chief of Mission at the U.S. Embassy in Riyadh, along with representatives from both the public and…
Suez-Canal-Sees-Revenue-Drop-Following-Disruptions-to-Navigation GLOBAL SHIPPING

Suez Canal Economic Zone (SCEZ) Invests $3 Billion in Infrastructure to Expand as a Hub for Global Trade and Green Energy

Wednesday 6 November 2024

Cairo – Egypt’s Suez Canal Economic Zone (SCEZ) has invested $3 billion in infrastructure over recent years and plans to match this amount in upcoming developments, according to Chairman Gamal El-Dein. In an interview, he explained that the SCEZ's ongoing expansion and modernization efforts aim to draw increased investor interest by capitalizing on the vast international shipping volumes that pass through the Suez Canal, one of the world’s most critical maritime routes. The SCEZ is…
sb108n511k80o41pn EVENTS & EXHIBITIONS

Biban24 Forum Opens in Riyadh, Showcasing Global Entrepreneurship and Investment Opportunities

Wednesday 6 November 2024

RIYADH – The Biban24 forum, organized by Saudi Arabia's Small and Medium Enterprises General Authority (Monsha'at), launched on Tuesday in Riyadh under the theme "Global Destination for Opportunities." This prominent event aims to establish the Kingdom as a global hub for entrepreneurship, innovation, and investment by fostering a dynamic, supportive ecosystem for entrepreneurs and investors alike. The forum will run through November 9, drawing thousands of participants from around the world. The forum brings together…
834207_0 EVENTS & EXHIBITIONS

Riyadh’s 8th Future Investment Initiative (FII) Conference Paves Way for a Sustainable Global Future

Tuesday 29 October 2024

Riyadh – Under the esteemed patronage of Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud, the 8th edition of the Future Investment Initiative (FII) conference has commenced in Riyadh, gathering global leaders, innovators, and investors to discuss sustainable growth, technological advancement, and economic inclusivity. Themed "Infinite Horizons: Investing Today, Shaping Tomorrow," this year’s event reaffirms Saudi Arabia’s commitment to shaping a resilient future through strategic investments in green technologies, healthcare, and…
qna_oman_ikr_meeting-23102024 INTERNATIONAL RELATIONS

Oman and Ukraine Discuss Ukraine-Russia Crisis, Gaza Conflict, and Bilateral Cooperation

Friday 25 October 2024

Muscat – In a significant diplomatic meeting, Sayyid Badr Hamad Al Busaidi, Oman’s Foreign Minister, welcomed Andrii Sybiha, Ukraine's Minister of Foreign Affairs, marking Sybiha’s inaugural visit to Muscat. The discussions included an in-depth exchange on the ongoing Ukraine-Russia crisis, as well as other pressing regional and global issues, aiming to foster a framework for peace and cooperation. Central to the meeting was a discussion on the need for a just and comprehensive peace in…
WhatsApp Image 2024-10-24 at 1.59.42 PM ECONOMIC COOPERATION

GCC Secretary General Highlights Opportunities for Trade and Investment with Central Asia

Thursday 24 October 2024

Washington, D.C. – His Excellency Mr. Jasem Mohamed Albudaiwi, Secretary General of the Gulf Cooperation Council (GCC), affirmed the significance of the special ministerial meeting held on October 23, 2024, between the governors of central banks and finance ministers of the GCC and the Caucasus and Central Asia. The meeting is part of the annual gatherings of the International Monetary Fund (IMF) and the World Bank and aims to explore trade and investment opportunities while…
6a2086df1k81m7vpn INTERNATIONAL RELATIONS

UAE President Sheikh Mohamed bin Zayed Al Nahyan Arrives in Moscow for Official Visit

Monday 21 October 2024

Moscow – President His Highness Sheikh Mohamed bin Zayed Al Nahyan arrived in Moscow today for an official visit to the Russian Federation, marking another significant step in the ongoing diplomatic engagement between the two nations. Upon his arrival at Vnukovo International Airport, a grand reception ceremony was held, where the national anthems of both the UAE and Russia were played, and an honour guard was assembled to welcome His Highness. The visit is set…

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