Kuwait signs $4.1 billion deal with China to build port
Kuwait City, Kuwait -- Kuwait has signed a deal worth $4.1 billion with China to complete the construction of a...
Business
As diplomats gather in Miami, Kremlin denies three-way US-Ukraine-Russia talks in preparation
The Kremlin on Sunday denied that three-way talks between Ukraine, Russia and the United States were on the cards, as...
Geostrategy
Geostrategy
Trump pushes Ukraine to accept his plan for ending the war ahead of Nov 27 deadline
"He'll have to like it, and if he doesn't like it, then you know, they should just keep fighting," Trump...
- "He'll have to like it, and if he doesn't like it, then you know, they should just keep fighting," Trump told reporters who asked about Zelensky's less-than-enthusiastic response
- "At some point he's going to have to accept something," Trump added during the Oval Office meeting with New York City's future mayor Zohran Mamdani
Geostrategy
UAE says will invest up to $50 billion in Canada
The fresh North American investment pledge came after UAE President Mohamed bin Zayed Al Nahyan promised in May to pump...
- Under the terms of the agreement, the UAE will invest in energy, artificial intelligence, logistics, mining and other priority national and strategic industries in Canada.
- Foreign direct investment stock from the UAE in Canada stood at $8.8 billion in 2024, while Canadian direct investment stock in the UAE totaled $242 million that same year.
Geostrategy
COP30 deal under threat as nations clash over fossil fuels
The draft text unveiled by COP30 host Brazil made no mention of "fossil fuels" or the word "roadmap" that President...
- Divisions remain not just over fossil fuels but trade measures and finance for poorer nations to adapt to climate change and move to a low-carbon future.
- More than 30 countries had warned in a letter to Brazil that they would reject any deal that did not include a plan to move away from fossil fuels.
Arts & Culture
Frida Kahlo painting auctions for $54.6 mn, record for woman artist
New York, United States - A self-portrait by legendary Mexican artist Frida Kahlo sold for $54.66 million in New York...
- The auction house said Kahlo's work was "painted in 1940 during a pivotal decade in her career, marked by her turbulent relationship with Diego Rivera."
- The artwork depicts the artist sleeping in a bed that appears to float among clouds in the sky, laying beneath a skeleton with legs that are wrapped with sticks of dynamite
Geostrategy
Iran says no access to bombed nuclear sites without IAEA deal
Iran's Foreign Minister Abbas Araghchi said that the UN's nuclear watchdog would not be given access to Iranian nuclear sites...
- The interview with the Khabar Online news agency was conducted before the International Atomic Energy Agency adopted a resolution Thursday demanding access to the sites
- In mid-June, Israel launched an unprecedented bombing campaign against Iran, triggering a 12-day war that the US briefly joined with strikes on Iranian nuclear facilities
Geostrategy
Qatar fears collapse of Israel-Hamas ceasefire after new Gaza strikes leave five Palestinians dead
The new strikes came the morning after one of the deadliest days in the Gaza Strip since the truce began...
- Qatar, a key mediator in the Hamas-Israel war, condemned the latest air strikes as "a dangerous escalation that threatens to undermine the ceasefire agreement,"
- Israel has carried out repeated strikes against what it says are Hamas targets during the ceasefire, resulting in the death of over 312 Palestinians, Gaza health ministry said
Business
AMD, Cisco, and HUMAIN partner to build 1 GW AI infrastructure in Saudi
Washington, DC., US – AMD, Cisco, and HUMAIN, a PIF-backed company delivering full-stack AI solutions, have announced plans to establish...
- The joint venture, which will begin operations in 2026, will combine HUMAIN’s advanced data centers with AMD and Cisco technologies.
- AMD and Cisco will act as exclusive technology partners, contributing their products and services to develop up to 1 GW of AI infrastructure by 2030.
Business
Meta to remove under-16 Australians from Facebook, Instagram on December 4
Australians younger than 16 will be removed from Facebook and Instagram on December 4, tech giant Meta said Thursday, as...
- From December 10, Australia will force social media platforms, including Facebook, Instagram and TikTok, to remove users under the age of 16 or face hefty fines
- "From today, Meta will be notifying Australian users it understands to be aged 13-15 that they will lose access to Instagram, Threads and Facebook," Meta said in a statement
Geostrategy
Israeli strikes kill 27 in Gaza in spite of fragile truce, follows attacks targeting Hezbollah in Lebanon
The strikes were among the deadliest in Gaza since the truce entered into force last month, and came as Israel...
- Fourteen people were killed Wednesday in Gaza City in the north and 13 in the Khan Yunis area in the south, according to the territory's civil defence agency
- The highest daily toll registered since the truce took effect was on October 29, when more than 100 people were killed in Israeli strikes, according to civil defence figures
Geostrategy
COP30 dragged into clash over gender language
Negotiators say the effort -- by Paraguay, Argentina, Iran, Indonesia, Malaysia as well as the Holy See -- seeks to...
- The issue has become so sensitive that COP30's Brazilian presidency has elevated it from technical negotiations to a higher political level.
- At stake is a revamped Gender Action Plan (GAP) meant to guide work for the next decade, including efforts to mainstream gender across climate programs.
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
Kuwait signs $4.1 billion deal with China to build port
Kuwait City, Kuwait -- Kuwait has signed a deal worth $4.1 billion with China to complete the construction of a...
Business
Company News
Latest News
Ukraine hails ‘real progress’ in Zelensky’s talks with US envoys to end the war with Russia
Kyiv's negotiator Rustem Umerov wrote on social media that the marathon diplomacy in the German capital had been "constructive and...
Geostrategy
Deja vu? Trump accused of economic denial and physical decline
Washington, United States -- An aging president faces poor poll numbers and suspicions about his health but insists that America...
Economy
Hamas says weapons are ‘legitimate right’, open to proposals that preserve it
"Resistance and its weapons are a legitimate right guaranteed by international law and are linked to the establishment of a...
Geostrategy
Most Read
Economy
Algeria include son of Zinedine Zidane in AFCON squad
Goalkeeper Luca Zidane, a son of France football icon Zinedine Zidane, was named on Saturday in the Algeria squad for the...
- The 27-year-old plays for Spanish second-tier club Granada and represented France at youth level before switching his international allegiance to Algeria
- "I'm sure the players will arrive highly motivated and ready to play in this AFCON," said Algeria coach and former Switzerland coach Vladimir Petkovic after announcing the squad
Geostrategy
China’s smaller manufacturers look to catch the automation wave
Yancheng, China -- In a light-filled workshop in eastern China, a robotic arm moved a partially assembled autonomous vehicle as workers...
- China is already the world's largest market for industrial robots.
- The first essentially humanless factories are already in operation.
Geostrategy
Trump vows revenge after troops in Syria killed in alleged IS ambush
The deadly attack had been "an ambush by a lone ISIS gunman," who was "engaged and killed," US Central Command...
- Trump called it "an ISIS attack against the US, and Syria, in a very dangerous part of Syria, that is not fully controlled by them."
- The incident is the first of its kind reported since Islamist-led forces overthrew longtime Syrian ruler Bashar al-Assad in December last year