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Ship attacked by missiles off Yemen coast: UK agency
In the first attack "the vessel experienced an explosion in close proximity to the vessel which was felt by the crew on board", UKMTO said on X, formerly Twitter. "The second attack on the vessel consisted of what is believed to be two missiles, which resulted in damage," it added.There was no immediate claim of responsibility for the attacks, which the United Kingdom Maritime Trade Operations said took place southwest of the Yemeni port of Mokha.
The latest incidents follow a lull in attacks by Yemen's Iran-backed Houthi rebels, who have launched dozens of missile and drone strikes targeting shipping since November
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MENA’s rising debt: A cause for global concern
MENA's debt-to-GDP ratio surged 23% in 6 years due to pandemic fallout, with only 8 of 19 countries returning to pre-pandemic levels by 2023.Economy
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In times of recession, understanding motivations, meticulous planning, recognizing broader benefits, and prioritizing employee well-being are vital, says Nathan Farrugia, Managing Director of Vistage International.
"Leadership teams must recognize that the livelihoods of their employees' families hinge on the stability of the business. Understanding that the survival of the business goes beyond mere profitability can serve as a powerful motivator" he adds.
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Saudi Arabia to host top Arab, EU diplomats for Gaza talks: officials
The two-day World Economic Forum special meeting, scheduled to begin in Riyadh on Sunday, includes in its official program appearances by the Saudi, Jordanian, Egyptian and Turkish foreign ministers. A Gaza-focused session is set to feature newly appointed Palestinian prime minister Mohammed Mustafa among others.
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‘Dubai, Abu Dhabi, Riyadh, Bahrain have reinforced position as top GCC tourist spots’
GCC region is a hidden gem, offering a distinct blend of Arabic culture and history, Fahim Jalalli, CEO of Kanoo Travel, tells TRENDS in an exclusive interview.
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Geopolitical unrest generates an onslaught of DDoS attacks
NETSCOUT SYSTEMS, INC. released findings from its 2H2023 DDoS Threat Intelligence Report that dissects trends and attack methodologies adversaries use against service providers, enterprises, and end-users. The information cited in the report disseminated data on DDoS attacks from 214 countries and territories. NETSCOUT observed more than 7 million DDoS attacks in H2 of 2023, representing...Hacktivist Groups increase activity globally
Over 7 million DDoS attacks in H2 2023
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Luxury goods boom in Gulf draws global investors
The region's luxury goods market was worth US$ 10.52 billion in 2023, with long-term growth expected, reaching US$ 13.70 billion by 2028.Business
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Business and leisure combo drives GCC tourism boom
Business travelers worldwide are drawn to the GCC countries due to their rapidly growing economies, strategic geographic locations, and ambitious infrastructure development plans.Business
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Ahead of feared Rafah invasion, Palestinians mourn bombardment dead
Israeli government spokesman David Mencer said Israel's war cabinet was meeting Thursday "to discuss how to destroy the last battalions of Hamas". Several Israeli media outlets, citing unnamed officials, said the cabinet discussed a new plan for a truce and hostage release, ahead of a visit planned for Friday by an Egyptian delegation.
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Special economic zones are a new craze in Middle East
Vast swathes of land across the desert region are seeing the sprouting of new special zones to entice big business to set up shop. But can the model work to power the GCC economy?Business
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Saudi oil giant Aramco agrees major FIFA sponsorship deal
The deal involves sponsorship rights for multiple events including the 2026 Men's World Cup and the Women's World Cup the following year. "We are delighted to welcome Aramco to FIFA's family of global partners," FIFA president Gianni Infantino said in a joint statement released by the energy company.The deal is the latest high-profile investment in global sports for Saudi Arabia who have already been confirmed as the only bid for the 2034 World Cup.
In a joint statement it was confirmed Aramco would become FIFA's Major Worldwide Partner exclusive in the energy category.
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GCC tourism growth skyrockets as diversification drive gains momentum post-Covid
GCC countries collaborate on comprehensive tourism strategy, leading global recovery post-pandemic with remarkable growth rates and ambitious plans for sustainable development.Economy
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Meet Middle East tourism’s power players
Tourism industry accounts for 9 percent of GCC region's GDP and it is expected to grow annually at 7.7 percent. Trends looks at some of the influential industry players driving this growth.Business
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Europe reverses course on interest rates, diverging from U.S. Fed policies
For much of the past two years, policymakers on both sides of the Atlantic raised interest rates aggressively to fight a surge in prices, and, since last summer, they have left rates high as they assess whether inflation is under control, according to the New York Times. European Central Bank policymakers are now emphasizing how...
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30% productivity leap: Building the machinery of tomorrow
By embracing digital tools, AI, and sustainable practices, companies can optimize production, redefine their role, and propel themselves towards a more productive and sustainable future, suggests Bain & Company's report.Business
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Israel says forces carrying out ‘offensive action’ in south Lebanon
Israeli forces are carrying out "offensive action" across southern Lebanon, Defence Minister Yoav Gallant said Wednesday without specifying whether ground troops had crossed the border. He also claimed that "half of Hizbollah's commanders in southern Lebanon have been eliminated" in months of violence.The Israeli army said Hizbollah "has established dozens of terror means and infrastructures in the area" to attack Israel
Cross-border exchanges of fire have flared between the Israeli army and Hizbollah since Hamas's October 7 attack on Israel triggered war in Gaza
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AI is revolutionizing news ecosystem: Expert
Generative AI has removed barriers in the previous generation of AI such as news devices, new hardware and technical expertise, an expert says.Interview
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Audi’s sustainable Middle East luxury drive
The Arab countries are experiencing a significant surge in the adoption of electric vehicles (EVs), particularly favoring premium models, says Rene Koneberg, MD Audi Middle East.Business
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MENA’s rising debt: A cause for global concern
MENA's debt-to-GDP ratio surged 23% in 6 years due to pandemic fallout, with only 8 of 19 countries returning to...Economy
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"Leadership teams must recognize that the livelihoods of their employees' families hinge on the stability of the business. Understanding that the survival of the business goes beyond...By Nathan Farrugia
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Ship attacked by missiles off Yemen coast: UK agency
In the first attack "the vessel experienced an explosion in close proximity to the vessel which was felt by the... -
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Ahead of feared Rafah invasion, Palestinians mourn bombardment dead
Israeli government spokesman David Mencer said Israel's war cabinet was meeting Thursday "to discuss how to destroy the last battalions...
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‘Dubai, Abu Dhabi, Riyadh, Bahrain have reinforced position as top GCC tourist spots’
GCC region is a hidden gem, offering a distinct blend of Arabic culture and history, Fahim Jalalli, CEO of Kanoo...
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Luxury goods boom in Gulf draws global investors
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GCC tourism growth skyrockets as diversification drive gains momentum post-Covid
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Al-Ula: World’s largest open air museum
The Saudi region is rich in history that has been shaped by successive civilizations spanning more than 200,000 years.Arts & Culture
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Special economic zones are a new craze in Middle East
Vast swathes of land across the desert region are seeing the sprouting of new special zones to entice big business...Business
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Meet Middle East tourism’s power players
Tourism industry accounts for 9 percent of GCC region's GDP and it is expected to grow annually at 7.7 percent....Business
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By embracing digital tools, AI, and sustainable practices, companies can optimize production, redefine their role, and propel themselves towards a...Business
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Audi’s sustainable Middle East luxury drive
The Arab countries are experiencing a significant surge in the adoption of electric vehicles (EVs), particularly favoring premium models, says...Business
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MENA’s rising debt: A cause for global concern
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"Leadership teams must recognize that the livelihoods of their employees' families hinge on the stability of the business. Understanding that the survival of the business goes beyond...
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Ship attacked by missiles off Yemen coast: UK agency
In the first attack "the vessel experienced an explosion in close proximity to the vessel which was felt by the... -
Saudi Arabia to host top Arab, EU diplomats for Gaza talks: officials
The two-day World Economic Forum special meeting, scheduled to begin in Riyadh on Sunday, includes in its official program appearances... -
Geopolitical unrest generates an onslaught of DDoS attacks
NETSCOUT SYSTEMS, INC. released findings from its 2H2023 DDoS Threat Intelligence Report that dissects trends and attack methodologies adversaries use... -
Ahead of feared Rafah invasion, Palestinians mourn bombardment dead
Israeli government spokesman David Mencer said Israel's war cabinet was meeting Thursday "to discuss how to destroy the last battalions...
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‘Dubai, Abu Dhabi, Riyadh, Bahrain have reinforced position as top GCC tourist spots’
GCC region is a hidden gem, offering a distinct blend of Arabic culture and history, Fahim Jalalli, CEO of Kanoo...
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Luxury goods boom in Gulf draws global investors
The region's luxury goods market was worth US$ 10.52 billion in 2023, with long-term growth expected, reaching US$ 13.70 billion...Business
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GCC tourism growth skyrockets as diversification drive gains momentum post-Covid
GCC countries collaborate on comprehensive tourism strategy, leading global recovery post-pandemic with remarkable growth rates and ambitious plans for sustainable...Economy
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Saudi oil giant Aramco agrees major FIFA sponsorship deal
The deal involves sponsorship rights for multiple events including the 2026 Men's World Cup and the Women's World Cup the... -
Europe reverses course on interest rates, diverging from U.S. Fed policies
For much of the past two years, policymakers on both sides of the Atlantic raised interest rates aggressively to fight... -
Israel says forces carrying out ‘offensive action’ in south Lebanon
Israeli forces are carrying out "offensive action" across southern Lebanon, Defence Minister Yoav Gallant said Wednesday without specifying whether ground... -
Israel pummels Gaza after US approves military aid
US-Israeli relations been strained by Israel's conduct of the war in Gaza and Israeli Prime Minister Benjamin Netanyahu's determination to... -
Israel thanks US Senate for approving military aid
Israel's foreign minister on Wednesday thanked the US Senate for approving $13 billion in military aid that he said sent...
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Business and leisure combo drives GCC tourism boom
Business travelers worldwide are drawn to the GCC countries due to their rapidly growing economies, strategic geographic locations, and ambitious...Business
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World Cup: Qatar’s bigger test after Arab Cup
More than 600,000 tickets were sold for the 16-team Arab Cup, including a Qatari-record 63,439 crowd when the hosts played...Arts & Culture
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Special economic zones are a new craze in Middle East
Vast swathes of land across the desert region are seeing the sprouting of new special zones to entice big business...Business
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Meet Middle East tourism’s power players
Tourism industry accounts for 9 percent of GCC region's GDP and it is expected to grow annually at 7.7 percent....Business
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30% productivity leap: Building the machinery of tomorrow
By embracing digital tools, AI, and sustainable practices, companies can optimize production, redefine their role, and propel themselves towards a...Business
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Audi’s sustainable Middle East luxury drive
The Arab countries are experiencing a significant surge in the adoption of electric vehicles (EVs), particularly favoring premium models, says...Business