Telegraph report on Hizbollah weapons at Beirut airport sparks outrage
Dubai, UAE - An article in The Telegraph alleging that Hizbollah is stockpiling Iranian weapons at Beirut International Airport (BIA)...
Geostrategy
Saudi Arabia partners with Microsoft Arabia for AI use in media
Riyadh, Saudi Arabia - The Ministry of Media and Microsoft Arabia signed a memorandum of understanding (MoU) in Riyadh on...
Business
Arts & Culture
Egypt composer’s star rises with ‘Moon Knight’ fame
In 2019, Nazih scored "Al-Fil al-Azraq 2" ("The Blue Elephant 2"), Egyptian cinema's highest ever grossing film, earning 100 million...
- In 2019, Nazih scored "Al-Fil al-Azraq 2" ("The Blue Elephant 2"), Egyptian cinema's highest ever grossing film, earning 100 million pounds
- In 2018, Nazih was the first musician to receive the Faten Hamama prize at the Cairo International Film Festival
Business
EU members seek opt-outs from Russian oil embargo
European officials were preparing a new package of sanctions Tuesday to punish Russia for its invasion of Ukraine, but some...
- Ambassadors from the 27 EU countries will meet on Wednesday to give the plan a once-over
- The commission's proposal would phase in a ban on oil imports from Russia over six to eight months
Economy
Humanity stuck in ‘spiral of self-destruction’: UN
Humanity is suffering from a "broken perception of risk", spurring us into activities and behaviours that cause climate change and...
- The report estimated that by 2030, we will be experiencing 560 disasters around the world every year -- or 1.5 disasters every day on average
- The sharp rise in disasters globally could be attributed to a "broken perception of risk based on optimism, underestimation and invincibility," UN said
Economy
45% employees in UAE yet to save for retirement
While 44 percent of UAE residents want to retire from their jobs before they turn 55, most of them have...
- Forty percent of respondents said they would begin saving ten years or less before retirement and 53 percent of those who save put their money in conventional bank deposits
- Twenty seven percent respondents felt they can retire on less than US$ 2,500 amount per month, while the same proportion thinks US$ 5,000 will suffice
Geostrategy
From Denmark to Portugal, Europe ups effort to quit Russian gas
In Denmark, large black pipes are about to be buried in a muddy trench, as construction of a gas pipeline...
- In Middelfart in central Denmark, work resumed last month on the Baltic Pipe project intended to help Poland reduce its dependence on Russian
- In southern Europe, Spain and Portugal are strengthening an alternative supply route to help Europe wean itself off Russian gas
Business
UAE’s Al Habtoor slams bogus listicles
A leading magazine recently published Top 10 Richest Arab billionaires list and was criticized for ignoring many nationalities and known...
- Forbes Middle East recently published “Top 10 Richest Arab billionaires” list and was criticized for ignoring many nationalities and known wealthy businessmen
- Egyptian billionaire businessman Nassif Sawiris with $7.7bn topped the Forbes Middle East list, followed by Algerian Yassaad Rabab and family at $5.1bn
Economy
UAE’s GDP beats expectations, grows at 3.8 percent
The UAE's Gross Domestic Product (GDP) for 2021 has exceeded expectations, registering the highest rate in the region of AED...
- International institutions expected the growth of the country's GDP in 2021 at 2.1 percent.
- Our future is going to be promising, and we assure our people that the best is yet to come," Sheikh Mohammed said
Economy
UN talks on climate solutions wrap up two days into overtime
Two-weeks of virtual talks were contentious from the start, as nearly 200 nations grapple with hard choices about how to...
- Two-weeks of virtual talks were contentious from the start, as nearly 200 nations grapple with hard choices about how to rapidly purge carbon pollution from their economies.
- The UN's Intergovernmental Panel on Climate Change (IPCC), due to be published on Monday, will detail how industries must be reimagined to cut greenhouse gas emissions
Business
US regulator announces $100 mn fine on crypto lender
The first-ever such case came as the Securities and Exchange Commission (SEC) looks to establish regulatory authority over digital currency...
- The first-ever such case came as the Securities and Exchange Commission (SEC) looks to establish regulatory authority over digital currency services
- "This is the first such case involving crypto lending platforms," SEC chair Gary Gensler said in a release
Business
L’Oreal sales, profits surge
Sales rose by 15.3% from last year to $36.9 bn.
- Sales rose by 15.3 percent from last year to 32.3 billion euros ($36.9 billion), marginally above the analyst consensus figures compiled by Bloomberg and Factset
- net profits hit 4.6 billion euros, up by more than a quarter from 3.6 billion in 2020 and 3.75 billion in 2019
Most Read
Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
Telegraph report on Hizbollah weapons at Beirut airport sparks outrage
Dubai, UAE - An article in The Telegraph alleging that Hizbollah is stockpiling Iranian weapons at Beirut International Airport (BIA)...
Geostrategy
Company News
Latest News
Oman’s Producer Price Index down in Q3 2023
Muscat, Oman - The Sultanate of Oman's producer price index (PPI) in Q3 2023 recorded a decrease of 13 percent...
Biden, Netanyahu, Hamas positive on possible extension of truce in Gaza
The pause that began Friday has seen dozens of hostages freed, with over 100 Palestinian civilians released by Israel in...
Geostrategy
Most Read
Sam Altman’s return ushers in new era at OpenAI
The five-day saga began on Friday, when Altman was abruptly sacked by the board for reasons that are still unclear....
- The board that fired Altman from his role as CEO of the ChatGPT creator has been almost replaced following a rebellion by employees
- The sole survivor in the boardroom in the new Altman era is Adam D'Angelo, the CEO of question-and-answer site Quora
Economy
Indonesia’s exports to UAE expected to rise by $4bn with CEPA trade pact
Jakarta, Indonesia - The Comprehensive Economic Partnership Agreement (CEPA) is expected to increase Indonesia’s exports to the UAE by around...
- UAE was Indonesia’s second-largest trading partner in the Middle East in 2022
- Indonesia recorded $61.8 million in direct investment from the UAE in Jan-September 2023
Movement against ‘Pro-Israeli’ fast-food chains gains momentum
Tehran, Iran – Egypt, Jordan, and Turkey witnessed a significant surge in a boycott targeting multinationals that have either pro-Israeli...
- Amidst rising global condemnation of Israel's actions in Gaza, the boycott movement gains significant momentum
- Countries such as Kuwait and Morocco join the movement, adding to the international pressure on Israel