Author: Steven Sahiounie

Sudan has requested an emergency UN Security Council meeting on what it calls UAE “aggression” for allegedly supporting paramilitaries battling the army, a diplomatic source said Saturday.The fighting broke out in April last year between the regular army, headed by Sudan’s de facto leader Abdel Fattah Al-Burhan, and the paramilitary Rapid Support Forces (RSF) led by his former deputy Mohamed Hamdan Dagalo.For months the regular army has accused the United Arab Emirates of supporting the RSF, a charge the UAE denies.“Yesterday, our permanent representative to the United Nations submitted a request for an urgent session of the Security Council to…

RIYADH: Since its establishment over 30 years ago, the Islamic Development Bank has supported its member states with $151 million in the form of investments and trade deals, said the top executive of the bank.

RIYADH: Saudi sea and rail transport links are set to be enhanced with the commencement of the first container shipment from Jubail Commercial Port to Riyadh Dry Port. 

RIYADH: The use of solar power and other renewable energy sources is set to boost with the launch of a comprehensive strategy by the Qatar General Electricity and Water Corp.

A “weak-by-historic-standards” global growth rate and “significant divergence across the world” are two “very serious problems” that need to be tackled imminently, IMF Managing Director Kristalina Georgieva highlighted at a Riyadh summit on Sunday.

Dubai is proceeding with building a new passenger terminal at Al Maktoum International Airport in anticipation of a spike in visitors, after halting the project for years.

US Secretary of State Antony Blinken, Palestinian leaders and high-ranking officials from other countries trying to broker a ceasefire between Israel and Hamas are on the guest list for the summit in Riyadh

The Central Bank of Egypt (CBE) has disclosed a significant increase in the total financial position of banks operating in the local market. In 2023, this position reached approximately EGP 14.2trn, compared to EGP 11.399trn in December 2022—an impressive surge of about EGP 2.8trn.

Saudi Arabia is accelerating efforts to diversify its economy away from oil under a plan known as Vision 2030

According to the report, Dubai’s rise in the Leading Maritime Capitals index for 2024 is attributed to five key factors