WASHINGTON: Economies in the Middle East and North Africa face a “shadow of uncertainty” from ongoing tensions in the region, a senior IMF official said. “We are in a context where the overall outlook is cast into shadows,” Jihad Azour, the International Monetary Fund’s director for the Middle East and Central Asia department, said in … Read more
RIYADH: Saudi Arabia’s Prince Mohammad bin Abdulaziz International Airport in Madinah has been awarded the title of the best regional airbase in the Middle East for 2024. It was announced during the Skytrax World Airport Awards, held at the Passenger Terminal EXPO in Frankfurt. During the event, known as the Oscars of the airport industry, … Read more
AMMAN: Jordan’s King Abdullah II and Bahrain’s King Hamad bin Isa Al-Khalifa met in Aqaba on Wednesday to discuss Arab solidarity and coordination, the Jordan News Agency reported. The meeting highlighted the importance of the upcoming Arab League Summit, which opens in the Bahraini capital Manama on May 16, in the light of the challenges … Read more
JERUSALEM: The first direct attack on Israel by Iran has shaken Israelis and left them fearful that a bigger war is looming.While the population has long been used to sirens warning of attacks from Hamas, the hundreds of drones and missiles sent from Iran over Saturday night marked a new element in the over-lapping Middle … Read more
Startup Wrap – OSN+, AhnLab, and Mubashir among firms to see funding success during Ramadan CAIRO: Startups in the Middle East and North Africa region have closed Ramadan and started Eid Al-Fitr on a positive note as venture activity continued. Among the most significant announcements during the holy month was UAE-based online streaming platform OSN+ and … Read more
Jerusalem: The bloodiest ever war in Gaza that broke out exactly six months ago has taken an appalling human toll.At least 33,175 people have been killed in the besieged Palestinian territory in Israel’s campaign of retaliation for the October 7 attack, according to Hamas-run Gaza’s health ministry.The unprecedented Hamas raid on southern Israel resulted in … Read more
CAIRO: Talks on a truce in the Gaza conflict are making progress in Cairo and all parties have agreed on basic points, Egypt’s Al-Qahera News state-affiliated TV channel said early on Monday, citing a senior Egyptian source.Six months into its offensive against the Palestinian Islamist movement Hamas, Israel also voiced cautious optimism about the latest … Read more
DUBAI: Is there any hope for the children of Gaza amid the ongoing Israel-Hamas conflict, restrictions on aid access, and a looming famine in the north of the enclave? According to UN Children’s Fund spokesperson James Elder, who recently toured the length of Gaza, only an immediate ceasefire can turn the humanitarian situation around. Appearing … Read more
CAIRO: Startups across the Middle East and North Africa region are increasingly collaborating through strategic partnerships to enhance the entrepreneurial ecosystem. Ventures from various industries are forging alliances, and signing agreements to bolster expansion, penetrate new markets, and enhance customer satisfaction initiatives. At the forefront of these strategic partnerships, the Kingdom’s National Technology Development Program … Read more
CAIRO: Startups across the Middle East and North Africa region are increasingly collaborating through strategic partnerships to enhance the entrepreneurial ecosystem. Ventures from various industries are forging alliances, and signing agreements to bolster expansion, penetrate new markets, and enhance customer satisfaction initiatives. At the forefront of these strategic partnerships, the Kingdom’s National Technology Development Program … Read more