Author: Steven Sahiounie

CAIRO: Saudi Arabia’s startup ecosystem has affirmed its leading position in the funding space, capturing over 53 percent of the region’s venture debt financing in 2023, according to MAGNiTT’s latest report.

RIYADH: China is at the forefront of providing affordable electric vehicles, supported by government backing and a wide range of low-cost options, according to a new study. 

RIYADH: The global liquefied natural gas supply is set to surge by 80 percent by 2030, driven by new projects in Qatar and North America, a new analysis showed. 

RIYADH: Energy giant Aramco has begun the sale of more than $10 billion worth of shares in what is the second public offering from the Saudi-based firm.

Two decades ago, countries began to ditch their national currencies to adopt the euro With Europeans heading to the polls on June 9 for the EU-wide parliament elections, AFP takes a look at how the bloc has changed life for consumers: – One currency – The Deutsche mark, the franc, the Italian lira and the peseta are distant memories. Two decades ago, countries began to ditch their national currencies to adopt the euro. Today, 20 of the European Union’s 27 members use the euro as their sole legal tender. Money transfers can now be made without fees between eurozone countries…

Two Palestinian teenagers were killed by Israeli gunfire in the occupied West Bank, the Palestinian health ministry said on Sunday.The Israeli military did not confirm the deaths but said two suspects hurled explosives toward a local community, endangering civilians, and troops responded with live fire.“Hits were identified,” the military said in a statement.The Palestinian health ministry said a 16- and a 17-year-old were killed west of Aqabat Jaber refugee camp, near the West Bank city of Jericho.Palestinian media said medicals teams were prevented from reaching one of the wounded and the other succumbed to his wounds on Sunday in a…

A new shipment of aid from the UAE, in collaboration with the United States Agency for International Development, has set sail for the Gaza Strip. The shipment, which departed from Larnaca in Cyprus, had 1,166 tons of essential food supplies on board, according to state news agency WAM. Traveling via the Port of Ashdod, it entered the Gaza Strip via the Beit Hanoun crossing, facilitated by American Near East Refugee Aid. The voyage was a joint effort between Cyprus, the UN and various international donors including the EU. Source: Arab News

This initiative of the digital platform aligns with the tenth Five-Year Plan and supports the national priority of governance Muscat – The Ministry of Energy and Minerals (MEM) has launched a digital platform named ‘Taqah’ (Energy), to attract investors in the energy and minerals sector. Badriya Khalfan al Hadrami, Director of the Department of Planning and Economic Studies at the Ministry of Energy and Minerals, told Muscat Daily that the launch of ‘Taqah’ marks a crucial step towards achieving the ministry’s strategic goals. “This initiative aligns with the tenth Five-Year Plan and supports the national priority of governance within the…

Turkish Foreign Minister Hakan Fidan will pay a visit to China starting Monday at the invitation of Chinese Foreign Minister Wang Yi, according to diplomatic sources. This marks Fidan’s first visit to China as foreign minister, a post he took last June. Wang visited Türkiye last July. During the three-day visit, Fidan is expected to meet with Vice President Han Zheng and Chen Wenqing, a member of the Political Bureau of the Communist Party of China (CPC) Central Committee and also head of its Commission for Political and Legal Affairs, in addition to Wang. Fidan will also meet with Turkish…

The session, convened in Sharjah as part of its regular proceedings for the eleventh legislative term, was chaired by Dr. Abdullah Belhaif Al Nuaimi, the council’s Chairman