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Increasingly sophisticated hackers possibly linked to a foreign nation aimed to disrupt key organisations in Saudi Arabia, the US-based cyber security firm McAfee said. It did not name the possible attacker but US intelligence officials said they suspected a link to the kingdom’s regional rival Iran after the Shamoon virus struck the Saudi energy sector in 2012. Renewed Shamoon campaigns that began late last year attacked a […]

Citigroup Inc has received an investment banking licence from Saudi Arabia’s Capital Market Authority more than 10 years after exiting the kingdom. The CMA board authorised Citigroup Saudi Arabia “to conduct dealing as underwriter, arranging and advising in securities business activities,” according to statement posted on the regulator’s website. The firm lost its key banking licence when it sold its stake in Samba Financial Group in 2004. […]

Oil prices reversed early losses on reports of the third weekly drawdown of crude stocks in the US, although analysts cautioned on waiting for further signs that Opec’s production cuts are finally tightening the market. Inventories of US crude fell by a larger than expected 3.6m barrels in the week ended April 21, the Energy Information Administration said on Wednesday, compared with expectations for a draw of […]

Saudi Arabia’s Iyad Al Hakami was crowned ‘Ameer Al Shu’ara’, The Prince of Poets in the seventh season of the highly popular talent quest. In what was a night of celebration for the kingdom, the second position was also taken by a Saudi national, Tariq Al Sumayli. Al Hakam’s win was the second consecutive season a Saudi national has won the title with last season’s winner being […]

ACWA Power International will bid to build a solar energy project in Saudi Arabia, part of the kingdom’s $50 billion push to temper domestic oil use. Riyadh-based ACWA received a request for proposals last week from Saudi Arabia’s energy ministry to develop the 300-megawatt solar project in Sakaka, Rajit Nanda, ACWA’s chief investment officer, said Tuesday in an interview in Dubai. It’s also considering bidding for other […]

Oil traders banking on a sustained market recovery in 2017 are growing impatient. As the price of Brent crude falls towards $50 a barrel, Opec, energy analysts and some of the most powerful banks in the commodities sector are urging traders to maintain their composure. After a production cut deal between the cartel and rivals such as Russia was agreed late last year, prices began 2017 $10 […]

ABU DHABI // A historic Islamic scholar and poet is the subject of the winning novel for the 10th International Prize for ­Arabic Fiction. Saudi Arabian author Mohammed Hasan Alwan was declared the winner of the prize, in a ceremony held in Abu Dhabi on Wednesday night, for A Small Death. “I would like to thank the panel for this very pleasant mistake,” Alwan, 38, quipped while […]

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Located on Reem Island, Vida Beach Reem Island Abu Dhabi and Vida Residences Beach Reem Island Abu Dhabi will add to the portfolio of Emaar Hospitality Group’s upscale lifestyle hotel brand Scheduled to open in 2020, the iconic hotel and extended stay serviced residences overlook the Arabian Sea within a marina setting Vida Beach Reem Island Abu Dhabi will feature 262 guestrooms and suites, and […]

Dubai’s tourism sector sustained the momentum of its strong 2017 start, with the emirate reporting an 11 percent increase in overnight visitation in the first three months of the year. Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism) said in a statement that the city saw 4.57 million travellers in Q1, more than double the growth achieved in the first quarter of 2016. Among Dubai’s top […]

By Stephanie Nebehay | GENEVA GENEVA The United Nations needs massive funds to avert famine in Yemen and warring parties there must ensure humanitarian aid can be delivered, U.N. Secretary-General Antonio Guterres said on Tuesday as he opened a donor conference in Geneva. A U.N. appeal for $1.2 billion this year for Yemen, where Guterres said a child under the age of five dies of preventable causes […]

Saudi Arabia is about to cast off its oil-dependence, build brand-new industries and open its economy to foreign investment, according to the government. That might make it a good time to buy into a Saudi bank. And substantial stakes in two of them are up for sale. But in both cases, it’s international lenders who are seeking to get out – and there are no big-name global […]

· Emaar Hospitality Group, which marks its tenth year in operation, now has 26 upcoming projects · Showcases its portfolio of 10 operational hotels and three serviced residences, and other new properties at the premier travel, tourism and hospitality event 24 April 2017 Dubai, UAE – Emaar Hospitality Group, the hospitality and leisure business of Emaar Properties, today unveiled six new hotel projects as part of […]

DUBAI: The chief of Qatar Airways on Monday accused American carriers complaining over alleged subsidies to Gulf airlines of “bullying,” as he announced new US routes in defiance of mounting airport restrictions.US carriers Delta, United and American Airlines have accused Qatar Airways along with Dubai’s Emirates and Abu Dhabi’s Etihad of benefitting from government subsidies to expand their transcontinental networks.They have urged US President Donald Trump to […]

InterContinental Hotels Group announces new signings as well as openings across its MEA brand portfolio at the UAE’s Arabian Travel Market and Arabian Hotel Investment Conference 24 April 2017 Dubai, United Arab Emirates – InterContinental Hotels Group® (IHG), one of the world’s leading global hotel companies, announced four new hotel signings as well as six new hotel openings across the GCC in 2017 at the Arabian Travel […]

By Stephanie Nebehay | GENEVA GENEVA Aid agency Oxfam called on donor nations on Monday to step up life-saving assistance to millions of civilians in Yemen facing starvation and disease, rather than providing arms to fuel the deepening conflict. “Many areas of Yemen are on the brink of famine, and the cause of such extreme starvation is political,” the British charity said on the eve of a […]

Browse the International Prize for Arabic Fiction’s website, and you will see that one of its main aims remains unchanged from when it was launched 10 years ago: “To encourage the translation of Arabic literature into other languages.” The subtext here was that Ipaf hoped it might discover an Arabic-language literary star who might be spoken of in the same hallowed terms as, say, Japanese writer Haruki […]

Two Qatari hunters who endured a 16-month hostage ordeal in Iraq spoke Sunday of their joy at being released, in the first public comments since the group were freed. Mohammed Marzouki was among 24 Qataris and two Saudis who were on a hunting trip in a mainly Shiite area of southern Iraq when they were kidnapped in late 2015. They flew back to Doha on Friday following […]

Authored by Paul Craig Roberts, “Our problem is civil obedience. Our problem is the numbers of people all over the world who have obeyed the dictates of the leaders of their government and have gone to war, and millions have been killed because of this obedience… Our problem is that people are obedient all over the world, in the face of poverty and starvation and stupidity, and […]

The UAE has a Minister of Happiness. It also has a happiness rating, and for three years running has been the highest-ranked Arab country on the global Happiness Index, an annual list compiled by the Sustainable Development Solutions Network, under the General Secretariat of the United Nations. It also ranks 21st globally. A recent YouGov survey revealed that more than three-quarters of new arrivals in the UAE […]

Egyptian President Abdel Fattah al-Sisi received a royal welcome from King Salman as he landed Sunday in Saudi Arabia for a visit to boost ties after months of tension. Salman, surrounded by key Saudi officials, greeted Sisi as he stepped off the plane in the capital Riyadh and hosted him for lunch, the official Saudi Press Agency said. The Egyptian presidency announced the visit in a statement […]

Photo King Salman of Saudi Arabia at the 28th Ordinary Summit of the Arab League at the Dead Sea last month. King Salman rescinded a 20 percent cut to ministers’ salaries and promoted two of his sons. Credit Mohammad Hamed/Reuters BEIRUT, Lebanon — King Salman of Saudi Arabia rescinded salary cuts for ministers and restored financial perks for public sector workers in a series of royal decrees […]

Saudi Arabia and Oman will lead the GCC’s multi-billion dollar investments in cultural tourism, with a series of projects to develop new world-class attractions, according to a new report.  The research, compiled by Colliers International, said Saudi Arabia is ready to invest up to $2 billion – one of the highest commitments of any government to cultural tourism in the region – with a number of projects […]

Family businesses in the GCC region face serious challenges in a highly competitive modern-day business environment, according to a new report. Orient Planet Research’s study said key issues such as corporate governance and succession continue to stalk family-led enterprises in the region. According to the report, governance, financial and succession concerns are turning into challenges due primarily to the force of globalisation, the rising number of family […]

Oman’s new low-cost carrier, SalamAir, has announced the launch of flights to Saudi Arabia with plans to also start services to Pakistan. Flights to Saudi Arabia started this week with return ticket prices starting at OR89, with Oman’s first budget airline flying daily to Jeddah’s King Abdulaziz International Airport. The carrier said in a statement that it also plans to start operations to the Saudi holy city […]

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Just in:
Geely’s i-HEV Intelligent Hybrid Technology Offers a New Direction for Gasoline-Powered Vehicles // Oil and chip shares retreat after Democratic victories // Hong Kong mandates crypto transaction disclosures to tax authorities // Private varsities bill all set to face the axe // TVM –Mangaluru Vande Bharat claims top spot // APT29-linked campaign exploits outdated Apple and Android software // Middle East governments assess Iran war after US vote // e-Crime Bureau Signs Cybersecurity Partnership With Smart Africa, Reinforcing Its Global Expansion // OpenAI identifies 948 Linux privilege escalation flaws using AI // After Reaching 7 Million Users in the Philippines, Skyro Launches Transparent Cash Loans in Malaysia // Cloudflare unveils Zero Wire vulnerability intelligence service // SC to examine students’ exam plea today // Vance attributes Republican midterm defeats to Iran conflict // ADIA and partners establish $1.4 billion aviation venture // UK air traffic outage inflicted £33m financial losses // Trump’s Iran War Has A Share Of Contribution To His Midterm Debacle // The “1st Greater Bay Area Health and Longevity Summit & Awards Ceremony” concludes successfully in Macao // Fast Just Got Fastest: STING Energy Boost™ Celebrates Kimi Antonelli’s Formula 1® World Championship and the Fan Energy Behind It // Dubai boat show confirms international shipyard line-up for November // CR Longdation Aethereal Cybersecurity × Global Cybersecurity Alliance (GCSA) Join Hands to Establish the “AI and Cybersecurity Research Centre” //