Gaza rescuers say Israeli forces kill 48 as ceasefire calls mount
The swift resolution of Israel's 12-day war with Iran has revived hopes for a halt to the fighting in Gaza,...
Geostrategy
Netanyahu eyes hostage breakthrough as Gaza families mourn victims
His comments lifted hope for a new ceasefire in the devastating conflict in the Palestinian territory, after US President Donald...
Geostrategy
Science
Astronaut crew returns to Earth after six months
Crew-3 carried out hundreds of scientific experiments, including growing chilies in space to add to the knowledge of cultivating crops...
- Crew-3's expedition came at an increasingly busy time for commercial space.
- The ISS now awaits docking with an uncrewed Boeing Starliner capsule, which is set to launch from Florida on May 19.
Economy
US economy adds 428,000 jobs in April: govt
The United States saw another strong month of hiring in April, with the economy adding a better-than-expected 428,000 jobs and...
- Major industries including leisure and hospitality, manufacturing and transportation added positions last month, the Labor Department reported
- With the US economy facing its highest inflation level in decades, the data showed the pace of average hourly wage growth slowing last month
Business
Stocks slide in Asia and Europe, pound drops to two-year low
Asian and European stocks tanked Friday, accelerating a global selloff on fears over the impact of interest rate hikes that...
- The euro jumped to 85.77 pence, which was last seen late last year
- Rate tightening increases borrowing costs for consumers and businesses, harming economic recovery from the pandemic
Economy
ECB rate could turn positive by year’s end: France
ECB interest rates could be back in positive territory by year's end, the head of the French central bank said...
- Any hike would be the ECB's first in over a decade and would lift rates from their current low levels
- But pulling the trigger too soon risks hurting growth at a sensitive time for the European economy because of the war in Ukraine
Geostrategy
Algeria slaps travel bans on diaspora activists: rights groups
Amnesty International and Human Rights Watch on Friday called on Algerian authorities to lift "arbitrary travel bans" on activists from...
- Human Rights Watch singled out the cases of three Algerian-Canadians prevented from returning to their homes in Canada between January and April.
- Lazhar Zouaimia, who works as a technician at a public electricity utility in Quebec, had been blocked twice by border police.
Geostrategy
Rights groups say Iran will try to manipulate UN expert visit
Human rights groups on Friday warned Tehran will try to use an upcoming visit to Iran by a UN expert...
- The mission from May 7 to 18 will be the first to the Islamic republic by a special rapporteur since 2005
- The rights groups say Iran has a history of blatant rights violations
Business
US FDA limits use of J&J Covid vaccine
The US said Thursday only adults who "have personal concerns" about mRNA vaccines, access issues or medical reasons for refusing...
- The vaccine, which was authorized as a single shot, is less protective than those developed by Pfizer and Moderna
- Thursday's decision by the Food and Drug Administration builds on that recommendation by limiting the J&J vaccine's emergency use authorization
Business
Adidas’s Q1 profit dips
German sportswear giant was hurt by China lockdowns.
- The group's net profit from its continuing operations fell to 310 million euros, from 502 million euros in the same quarter last year
- The setback was accompanied by a three-percent drop in sales across the board, the group said in a statement
Economy
Fears mount for China’s economy as leaders dig in on zero-Covid
Mass testing of China's vast population could bring fresh misery to the economy, experts warned Friday, after Beijing vowed to...
- Authorities have refused to bend to mounting public outcry at food shortages and spartan quarantine conditions
- China's government has brandished the strategy as proof that it values human life above material concerns
Economy
Lebanon expatriates cast votes in parliamentary election
Expatriates began voting at 7 am (0500 GMT) Beirut time on Friday in nine Arab countries and in Iran, while...
- This is the second time in the country's history that citizens residing abroad are able to vote for their 128 representatives
- The elections are the first since protesters took to the streets in 2019 against the ruling elite, blamed for its economic collapse
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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
Gaza rescuers say Israeli forces kill 48 as ceasefire calls mount
The swift resolution of Israel's 12-day war with Iran has revived hopes for a halt to the fighting in Gaza,...
Geostrategy
Company News
Latest News
WTO ministers struggle to forge deals as talks go into overtime
ABU DHABI, UAE – World trade ministers were locked in disagreement Thursday on fisheries subsidies, agriculture and digital customs duties as...
Geostrategy
European airlines witness a rise in profits in 2023
LONDON, UK – Europe's aviation industry is extending its bounceback from the Covid pandemic, as British Airways owner IAG and Franco-Dutch...
Business
Iran launches imaging satellite Pars 1 from Russia
Iran announced the launch of a remote sensing and imaging satellite into orbit from Russia, according to state media. The...
Geostrategy
Most Read
Business
Major stock markets trade mixed as US inflation data awaited
London, United Kingdom - Major stock markets traded mixed Thursday before the release of US inflation data that could present a...
- Shares in Air France-KLM slumped nine percent after annual profit fell short of expectations as it fell into a final-quarter loss
- Yen jumped on rising expectations of a hike to Japanese interest rates, as other central banks look to reduce borrowing costs
Geostrategy
Israel killed 25,000 Palestinian women, children since Oct: Pentagon
"It's over 25,000," US Defense Secretary Lloyd Austin told lawmakers when asked during a House Armed Services Committee hearing for...
- Israel's relentless air and ground assault on Gaza has left more than 30,000 people dead, according to the territory's health ministry.
- The number provided by Austin is within the same range and come as Washington pushes for a ceasefire and a reduction in civilian casualties in Gaza.
Business
Sonatrach to invest $8.8bn in 2024 in gas exploration, production
Algiers, Algeria -- Sonatrach, the state-owned energy company of Algeria, will allocate $8.8 billion investment in 2024, which represents 17.6...
- The company's CEO, Rachid Hachichi, said majority of the allocated funds (71 percent) will be directed towards gas exploration and production activities.
- While the primary focus is on gas, Sonatrach also plans to dedicate a portion of its investments to refining and petrochemical sector (18 percent).