Timeofgulf

Qatar Joins US-Led Pax Silica Alliance to Secure Critical Technology Supply Chains

DOHA — Qatar has joined the US-led Pax Silica Alliance, a move aimed at strengthening cooperation in semiconductors, critical minerals, and advanced digital technologies. The announcement was made on Monday as part of Doha’s ongoing efforts to diversify its economy and enhance technological capabilities. The Pax Silica Alliance, launched last month in Washington, focuses on…

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UAE Bank Assets Climb to $1.43 Trillion as Credit and Deposits Expand

UAE banking sector assets recorded steady growth in November, rising by 0.8 percent to reach 5.25 trillion dirhams ($1.43 trillion), reflecting continued expansion in credit and deposit activity, according to newly released central bank data. The increase marks a rise from 5.2 trillion dirhams in October, highlighting the sector’s resilience amid broader economic momentum. Gross…

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Oman to Launch International Financial Center to Accelerate Economic Transformation

Oman is preparing to establish an International Financial Center as part of a major initiative to diversify its economy and strengthen its position in the global financial landscape. The new center is designed to attract international investors, promote innovation across financial and professional services, and enhance Oman’s competitiveness as a regional business hub. It will…

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Harvard Delegation Visits King Abdulaziz University to Boost Academic Cooperation

A delegation from Harvard University, including faculty members and students from its business school, has visited King Abdulaziz University in Jeddah to explore opportunities for academic and research collaboration. During the visit, the delegation toured the university’s Faculty of Economics and Administration, where officials highlighted academic offerings, research initiatives, and recent advances in business and…

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Abu Dhabi’s Smart Yard Introduces AI-Driven Driving Tests Without an Examiner

ABU DHABI: Emirates Driving Company (EDC) in Abu Dhabi has launched a fully automated ‘Smart Yard System’ that allows driving licence candidates to be tested without a human examiner in the car. Using cameras, sensors, satellites, and artificial intelligence, the system monitors every action, from mirror checks to parking maneuvers, providing instant results and recorded…

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OIC to Hold Emergency Meeting After Israel Recognizes Somaliland

The Organization of Islamic Cooperation has called an emergency meeting following Israel’s decision to recognize Somaliland as an independent state, a move the group says threatens Somalia’s sovereignty and territorial integrity. The OIC’s General Secretariat announced that an extraordinary session of the Council of Foreign Ministers will take place on Saturday at the organization’s headquarters…

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