Kuwaiti telecommunications group Zain has reached the final stages of selling its mobile transmitter towers in the country, the company’s vice chairman Bader Nasser al-Kharafi said on Sunday. The company is awaiting approval from the telecommunications regulator, Kharafi said at a shareholder meeting. He did not give details of the planned sale. Sources told Reuters in March last year that Zain was narrowing the field of potential […]
Saudi King Salman’s stop in the Maldives on his month-long tour of Asia brings into focus how this tiny archipelago – best known for high-end tourism and an existential battle against climate change – has emerged as a key player in a regional struggle for influence. Both Riyadh and Beijing are currying favour with the strategically located 820km-long chain of Indian Ocean atolls, in efforts analysts believe […]
Authored by Federico Pieraccini via The Strategic Culture Foundation, While the world continues to decipher, or digest, the new Trump presidency, important changes are afoot within the grand strategic triangle that lies between Russia, Iran and China Away from the current chaos in the United States, major developments are progressing, with Iran, Russia and China coordinating on a series of significant moves crucial for the future of […]
UK and Gulf scientists will be working together on eight cutting edge research projects, thanks to $3.4 million in UK government funding allocated to research projects in areas ranging from nanotechnology to cyber-security. The funding will strengthen scientific ties between the UK and the Gulf region in order to find solutions to shared global challenges, a statement said. The project is led by the Department for Business, […]
Saudi women from adventurers to inventors are hoping a unique conference in Riyadh on Saturday will highlight their changing role and inspire younger women to push for new opportunities in the ultra-conservative kingdom. The event comes at a time when reforms are slowly changing women’s lives in one of the world’s most gender-segregated countries – where women live under the supervision of a male guardian and cannot […]
SANA, Yemen — An airstrike by a military coalition led by Saudi Arabia on an open market in western Yemen killed at least 16 people, United Nations and local officials said Saturday. The attack late Friday hit a market selling khat, a mild stimulant common in Yemen, setting off a fire and leaving the dead and wounded scattered in the wreckage. هذة المجزرة ارتكبها اليوم #ال_سعود في […]
11 March 2017 Kuwait – Kuwait Finance House (KFH) provides exclusive offers on 5 insurance policies for customers in collaboration with KFH-Takaful. The offers encompass 6 customer segments; Awlwiya-Nukhba-Ruwaad-Tamayoz- Sundus and Rubban. This covers the Sanad, Youmnak and Supplementary insurance policies on comprehensive cars insurance, in addition to Sanad for medical insurance and the policy of travel insurance. The discounts reach up to 50% until end of […]
The Abu Dhabi Festival’s main programme kicks off with arguably the most-important singer from the region. Tickets to Mohamed Abdo’s long-awaited concert on Tuesday evening at Emirates Palace have been sold out for a while now. Popularly known as “Fanan Al Arab” or “Artist of the Arabs” (a title he was given in the 1980s during a concert in Tunis by then president Al Habib Bou Rakiba), […]
HODEIDAH At least 22 civilians were killed on Friday and dozens wounded when a Saudi-led coalition air strike hit a market in western Yemen causing a fire to break out, a local official said. Missiles launched by fighter jets of the Arab alliance hit a market selling the mild narcotic leaf qat, which is popular among Yemenis, near the Red Sea fishing town of Khoukha. Rescue workers […]
The two most powerful men in the world oil market appeared together in Houston on Tuesday to tell the world that their strategy was on track. In December, Khalid al-Falih and Alexander Novak, the energy ministers of Saudi Arabia and Russia, orchestrated a 24-nation plan to cut oil output in the first half of 2017. This week they spoke to reporters in a hotel conference room at the […]
Saudi Arabia’s is set to narrow during 2017 on the back of higher oil prices, discipline in spending and non-oil revenue measures, according to a new research note by Bank of America Merrill Lynch. BofA Merrill Lynch said it sees the 2017 budget deficit at SR316 billion ($85 billion), about 12 percent of the Gulf kingdom’s GDP, compared to a deficit of SR402 billion in 2016, which […]
A wanted man has been killed in Saudi Arabia’s oil-producing Eastern province after an exchange of gunfire while police were searching a neighbourhood where he was hiding, state news agency SPA reported on Friday. The man, Mustafa Ali Abdullah al-Madad, was wanted by security forces for his involvement in “a number of terror crimes against the citizens and security personnel”. He was killed in the governorate of […]
Saudi Arabian corporate earnings may finally have bottomed out after two years of falls due to low oil prices and the government austerity which followed, with the petrochemicals sector leading signs of recovery. But a sharp rebound is unlikely for companies in the Middle East’s biggest economy as further austerity looms and they are competing for customers who are no longer flush with cash. Analysts say stronger […]
The report from January was one of hundreds that Mr. Abdul Kareem has made inside Syria in recent years, building his reputation as a unique voice covering the war from rebel-held areas that other Western journalists have fled for fear of kidnapping and beheading by jihadists. Continue reading the main story Along the way, Mr. Abdul Kareem has interviewed foreign fighters from Britain, Saudi Arabia and elsewhere […]
Turkey saw just four percent growth in its internet population, but that means two million more people are online. Image: Getty Images “Digital is growing faster in the Middle East than anywhere else in the world,” Simon Kemp, founder of Kepios, tells ZDNet. Kemp, a marketing strategist based in Singapore, is the author of six annual studies charting the trends in mobile, the internet, and social media […]
Riyadh, 09 March, 2017 Mobile Telecommunication Company Saudi Arabia (Zain Saudi Arabia) announced its financial results for the full financial year ending December 31, 2016. Key Performance Indicators for the 12 months ending 31 Dec 2016: Compared to Full-Year 2015, Zain Saudi Arabia reported: Advertisement Revenues increased by 3% to SAR 6,927 million, Gross profit grew by 11% to SAR 4,401 million. EBITDA also grew by 10% […]
Saudi Arabia’s non-oil private sector saw a further pick up in growth momentum in February, with business conditions improving at the quickest rate since August 2015, according to a new survey. Data from the Emirates NBD Saudi Arabia Purchasing Managers’ Index (PMI) showed that both output and new orders rose sharply in February, with the rate of expansion in the latter picking up to an 18-month high. […]
New York and London are locked in a frantic race to be the main international listing venue for Saudi Arabia’s initial public offering of its state oil company, emerging as clear frontrunners in what is set to be the world’s biggest ever flotation. Executives from the New York Stock Exchange and London Stock Exchange have held talks with Saudi Aramco, the state group valued at as much […]
Report launched in the Middle East in partnership with the Government of Dubai Media Office HE Mona Al Marri: “Report will contribute to the international dialogue at the Forum and guide government communication professionals and decision makers in finding new opportunities for optimising their strategic approach, in addition to understanding the challenges that need to be overcome in a rapidly changing environment.” WPP Leaders’ Report […]
Oil prices were under intensifying pressure on Thursday, with the US West Texas Intermediate benchmark dipping below $49 a barrel for the first time since late November. The falls came after oil prices fell the most in more than a year over the previous session when US crude inventories climbed for a ninth straight week to a record high. Renewed concerns about a supply glut sent ripples […]
DUBAI // The UAE is leading the region in government-citizen communication and trust, according to a report on the future of government communication. The WPP Leaders Report, launched in the Middle East for the first time in partnership with Dubai Media Office, found that the UAE was one of five Middle Eastern countries that stood out in terms of trust citizens have in their government and having […]
Oil prices were back under pressure on Thursday, with the West Texas Intermediate benchmark falling under $50 for the first time since December. The falls came after oil prices fell the most in more than a year over the previous session when US crude inventories climbed for the ninth straight week to a record high. Renewed concerns about a supply glut sent ripples through the currency market […]
|By Matein Khalid| Janet Yellen confirmed the Wall Street consensus that the Federal Reserve will raise its overnight borrowing (Fed Funds) rate at the March FOMC. Wage growth, inflation, crude oil, asset prices, economic data momentum and Trump’s fiscal stimulus all reinforce the dual mandate logic of a rate hike. Only a really awful February non-farm payroll shock (consensus is 200,000 jobs) will avert a rate hike […]
Your daily guide to community and cultural activities across the Emirates for March 9, 2017, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. Aarti Jhurani rounds up 10 things to do today in the UAE. Want to see your event listed here? Email us with the details and contact information at [email protected] newslide Abu Dhabi Music festival Buy […]
