Saudi

UAE Bolsters Cooperation at Islamic Development Bank Meetings

The Abu Dhabi Fund for Development (ADFD) solidified its commitment to global development by actively participating in the 2024 Islamic Development Bank (IsDB) Group Annual Meetings held in Riyadh, Saudi Arabia. The meetings, which coincided with the IsDB’s Golden Jubilee, brought together member states and development partners to discuss crucial issues facing the Islamic world. High-level representatives from the UAE Ministry of Finance, including His Excellency Mohamed […]

Sahm, Top Trading App in KSA, Launches Extensive Promotional Campaign

RIYADH, SAUDI ARABIA – Media OutReach Newswire – 29 April 2024 – Sahm, the all-in-one trading app licensed by the Saudi Arabian Capital Market Authority (CMA), is excited to announce its largest promotional campaign to date. Users who open an account during the event will receive lifelong commission-free trading for the Saudi Market and claim free Snapchat shares upon depositing a specified amount. Sahm launches massive promotional […]

Sheikh Hazza Charters Private Jets for Al Ain Fans

Al Ain Club supporters will receive a first-class travel experience thanks to the generosity of Sheikh Hazza bin Zayed Al Nahyan. The Deputy Ruler of Abu Dhabi and Chairman of Al Ain Sports and Cultural Club has directed the chartering of three private planes to transport fans to Riyadh, Saudi Arabia, for the club’s crucial AFC Champions League semi-final second leg against Al Hilal SFC. This gesture […]

Response Plus Holding Announces AED20 Million Dividend Payout to Shareholders

The Board of Directors of Response Plus Holding PJSC (ADX: RPM), the leading pre-hospital care and emergency medical services provider in the UAE and Saudi Arabia, announced a AED20 million dividend distribution to shareholders for the fiscal year ending December 31, 2023. This decision, ratified during the company’s Annual General Assembly held on April 26, 2024, reflects Response Plus Holding’s strong financial performance and commitment to rewarding […]

World Leaders Set for Strategic Talks in Riyadh

Global leaders will descend upon Riyadh, Saudi Arabia, for a crucial dialogue on pressing issues facing the international community. The upcoming gathering, organized by the World Economic Forum (WEF), aims to foster collaboration and chart a course for a more resilient future. The forum, expected to take place later this year, will convene government officials, industry titans, and civil society representatives under the banner of “Shaping a […]

Oman Seeks Growth Through Strategic Economic Alliances

Oman is charting a course for economic diversification by forging strategic alliances with regional and global partners. Recent developments highlight the Sultanate’s efforts to bolster its industrial sector, enhance trade ties, and address shared challenges. A significant step came in the form of a memorandum of understanding (MoU) signed with Saudi Arabia. The agreement, reached during a meeting between Omani Minister of Finance Sultan bin Salem Al-Habsi […]

Middle East totters on the edge of a cliff

James M Dorsey Multiple overt and covert wars have pushed the Middle East to the edge of a cliff. Increased tension between Iran and Israel complicates efforts to pull the Middle East back from the abyss. With the two archenemies walking a fine line between waging covert or overt war, escalation between Israel and Iran has the greatest potential to push the Middle East off the cliff. […]

For India, Any Escalation Of Israel-Iran War Is Bad For The Country’s Economy

NEOM welcomes leading industry figures and investors to Hong Kong showcase as part of its ‘Discover NEOM’ China tour

Key government, business and industry leaders attended a series of presentations and meetings organized in partnership with the Belt and Road Office (BRO) under the Commerce and Economic Development Bureau (CEDB) of the Government of the Hong Kong Special Administrative Region (HKSAR). HONG KONG SAR – Media OutReach Newswire – 19 April 2024 – NEOM has concluded its ‘Discover NEOM’ China tour with an event at its […]

Kingdom Ramps Up Oil Output as Global Prices Reach New Heights

Saudi Arabia’s crude oil production surged to a seven-month peak in February, inching closer to the 10 million barrel per day (bpd) mark. This development comes amidst a period of heightened global oil prices, driven by concerns over supply disruptions and a recovering global economy. According to data from the Joint Organizations Data Initiative (JODI), Saudi Arabia’s February output reached 9.01 million bpd, representing a 0.61% increase […]

Aramco Vice President addresses Aramco’s sustainability initiatives at One Earth Summit

BEIJING, CHINA – EQS Newswire – 15 April 2024 – Musaab Al-Mulla, Aramco Vice President of Energy & Economic Insights, attended the inaugural One Earth Summit held in Hong Kong on March 25th, elaborating on Aramco’s sustainability initiatives. Themed “Planetary Crossroads: Investing in Innovations for a Sustainable Future”, One Earth Summit aims to set science-based targets and mobilize all the necessary capital to empower innovative solutions. Throughout […]

Kingdom Warns of Dire Consequences as Tensions Rise in the Middle East

Saudi Arabia issued a strong statement on Sunday, expressing its grave worry over the recent surge in military activity within the Middle East. The statement, delivered by the Kingdom’s Ministry of Foreign Affairs, implored all parties involved to exercise utmost restraint and prioritize diplomatic solutions to prevent a wider conflict. The Ministry highlighted the potentially disastrous ramifications of escalating tensions, emphasizing the severe repercussions such actions could […]

MENA Startups Witness Funding Spring in March 2023

The first quarter of 2023 ended on a high note for startups in the Middle East and North Africa (MENA) region. After a sluggish January and February, March saw a significant surge in investment activity, infusing the ecosystem with much-needed capital. Data compiled by Wamda, a leading platform for entrepreneurs in MENA, reveals that startups across the region raised a total of $254 million in March 2023. […]

The Great Oil Price Game Is On; Be Ready To Be Rattled By Post-Election ‘Adjustments’

Greater Middle East is a ticking time bomb

James M Dorsey The Greater Middle East is a ticking time bomb. Generations in war-wracked Palestine, Syria, and Yemen have little, if anything, to look forward to. Moreover, discontent is mounting and could explode anytime in countries like Jordan, Egypt, and Iran. Palestine is a pressure cooker. Gazan youth has known little else than two decades of wars and siege. Beyond the trauma of the latest six-month-old war, Gaza’s next […]

STAR ISLAND 2024, the world’s alluring “futuristic fireworks entertainment” to make its highly anticipated comeback in Japan

Unprecedented two-day event for fireworks display / First in Fukuoka 11th May (Sat) and 12th May (Sun), 2024 at Fukuoka PayPay Dome and Jigyomomochi Special Site 1st June (Sat) and 2nd June (Sun), 2024 at Odaiba Marine Park Special website: https://star-island.jp/en Tickets on sale: https://l-tike.com/starisland/ *The above websites are currently available only in English and Japanese. TOKYO, JAPAN – Media OutReach Newswire – 5 April 2024 – […]

Forging Food Independence: GCC Unveils Regional Strategy

The Gulf Cooperation Council (GCC) has unveiled a new regional strategy aimed at bolstering food security across its member states. The initiative comes in response to a confluence of global challenges, including climate change, natural disasters, and a rising global population, all of which threaten the stability of food supplies. “This strategy represents a crucial step towards ensuring the long-term well-being of our citizens,” declared Faisal Al-Rawas, […]

Tourism leads in GCC diversification drive

Arabian Post Special Gone are the days when tourists flocked to the GCC solely for opulent shopping sprees. Now, the lure is multifaceted. Visitors are drawn to the awe-inspiring desert landscapes, the vibrant cultural tapestry, and the burgeoning art scenes that are blossoming across the region. Dubai, long a leader in luxury tourism, has further cemented its position with world-class attractions like the Museum of the Future. […]

UAE’s Gaming Revolution: A $1 Billion Economic Boost May Be on its Way

In the heart of the Middle East, the UAE is not just keeping pace with the global gaming scene – it’s defining it. With Saudi Arabia and Egypt as fellow visionaries, the UAE is at the forefront of Web3 gaming that’s turning heads worldwide. Undoubtedly the future of gaming, Web3 has positioned the UAE among the top 15 countries interested in it from 2021 to 20233, alongside […]

Mutual Respect For Each Other Is Key To India-Russia Relations

Aid is at the core of Israel, Palestine struggle to control post-war Gaza

James M Dorsey Israel’s refusal to lift restrictions on the unfettered entry into Gaza of food, medical supplies, and other desperately needed humanitarian goods, has less to do with a stand-alone starvation policy and more with who controls distribution in the Strip. Both Israel and Hamas see control of aid distribution as a building block of who comes out on top once the guns fall silent. The […]

The National Anti-Corruption Commission Thailand joins forces with international agencies to focus on preventing and suppressing transnational corruption

BANGKOK, THAILAND – Media OutReach Newswire – 25 March 2024 – As emerging with rapid digitalization that paves the way for transnational corruption, the National Anti-Corruption Commission (NACC), Thailand further tightened its collaboration with international organizations in tackling new tactics and complicated illicit activities in accordance with global standards. The NACC’s Secretary-General, Mr. Niwatchai Kasemmongkol recently met with representatives of the Nordic Police Liaison Office, led by […]

Red Sea Port Poised to Become New Hub for Copper and Zinc Trading

The London Metal Exchange (LME), the world’s biggest and oldest market for metals trading, is setting its sights on Jeddah, Saudi Arabia, as a potential new delivery point for copper and zinc. This move signifies the LME’s commitment to expanding its global reach and catering to the evolving needs of the metals industry. Jeddah’s strategic location on the Red Sea makes it a prime candidate for a […]

Dubai Gears Up for Surge in Chinese Visitors at Arabian Travel Market

The upcoming Arabian Travel Market (ATM) 2024, scheduled for May 6th to 9th at the Dubai World Trade Centre, is anticipating a significant boost in participation from China. Organizers expect to welcome more than double the number of Chinese exhibitors and travel professionals compared to the 2019 edition of the event. This surge reflects China’s rebounding outbound travel sector following the easing of COVID-19 restrictions in January […]

United Arab Emirates Pushes for Solo Act in Trade Talks with European Union

The United Arab Emirates (UAE) is seeking to initiate separate trade negotiations with the European Union (EU), according to informed sources, as discussions involving the entire Gulf Cooperation Council (GCC) bloc appear to have stalled. The GCC, a six-nation economic and political alliance that includes the UAE, Saudi Arabia, Bahrain, Qatar, Oman, and Kuwait, has been engaged in on-again, off-again free trade agreement (FTA) talks with the […]

Gulf sovereign wealth funds flexing their muscles

Arabian Post Special The sands of the Middle East are shifting, not just geopolitically, but financially as well. The region, long known for its vast oil reserves, is witnessing a new kind of power emerge – the growing influence of sovereign wealth funds (SWFs). These state-owned investment vehicles, fuelled by hydrocarbon wealth, are transforming the Middle East into a significant player on the global investment scene, potentially […]

Sahm Capital Revamps Website for Enhanced Investing Experience

RIYADH, SAUDI ARABIA – Media OutReach Newswire – 14 March 2024 – Sahm Capital Financial Company (formerly known as VCFC), a brokerage firm licensed by the Capital Market Authority (22251-25), has unveiled a major upgrade to its official website. The new version boasts improved user-friendly features, including instant account opening, diverse investment courses, real-time market updates, and 24/7 support service, greatly enhancing the investing experience for its […]

Gulf Cooperation Council Pushes for Visa-Free Travel to Europe

The Gulf Cooperation Council (GCC), a political and economic alliance of six nations in the Persian Gulf, has set its sights on a significant travel policy change: visa-free entry to the Schengen Area. This ambitious plan, recently announced by GCC Secretary-General Jasem Albudaiwi, signifies a major step towards simplifying travel for citizens across the Gulf region. Albudaiwi revealed his intention to lobby for the exemption during his […]

Oil Boom Propels Middle Eastern Wealth Funds Towards $1 Trillion Milestone

The oil-rich Middle East is poised for a historic moment in its financial landscape. Three sovereign wealth funds in the region are rapidly approaching the coveted $1 trillion mark in assets under management, a testament to the recent surge in oil prices and strategic investments. This development could solidify the Middle East’s position as a major player in the global investment arena. Leading the charge is Saudi […]

Biden may not have enough rope to push his vision of the Middle East

James M Dorsey This year’s US presidential elections are not the only potential hurdle confronting President Joe Biden’s multi-pronged vision for a Middle East peace once the Gaza war ends. So is Israeli intransigence, the prospect of a long-term insurgency in post-war Gaza, and increasing Saudi Chinese technological cooperation. The Biden administration is pushing for a multi-pronged comprehensive Middle East deal that would not only end the […]