Iran-Israel war opens ‘new road’ for Mideast: US envoy to Turkey
The Iran-Israel war has opened the way to a "new road" for the Middle East in which Turkey will have...
Geostrategy
Star-studded Al-Hilal defense highlights Saudi club’s rise
Miami, United States -- The main appeal of the Club World Cup so far has been the chance to see...
Arts & Culture
Business
Stock markets steady awaiting start of Fed meet
Major stock markets mostly steadied Tuesday, with traders braced for a sharp US interest rate hike to curb soaring inflation....
- With the increase widely forecast, investors will be closely looking for clues on the outlook for futures rate rises
- Central banks worldwide are tightening borrowing costs despite concerns such action could hamper financial recovery from the pandemic
Business
Pfizer posts 77% jump in Q1 revenues to $25.7bn
Pfizer reported another quarter of huge revenues growth because of its Covid-19 vaccine on Tuesday, but lowered the company's full-year...
- Net income jumped 61 percent to $7.9 billion
- Pfizer confirmed its full-year revenues forecast, in which about just over half of total sales stem from the Covid-19 innoculation and from Paxlovid
Arts & Culture
Fossils dating back 66m years found in Bangkok
More than 70 shells embedded in a footpath outside a Bangkok shopping mall have been found to be the fossils...
- An eagle-eyed shopper first spotted the snail-shaped fossils, measuring up to 12 centimeters (five inches) across
- Palaeontologists from the Ministry of Natural Resources and Environment investigated and found 77 ammonite fossils
Economy
Eurozone unemployment hits new historic low in March
The unemployment rate in the eurozone reached its lowest level ever recorded in March, the EU's official statistics agency said...
- Eurostat said 6.8 percent of the workforce were without a job, down 0.1 percentage point from February.
- Since December 2021, unemployment in the 19-member eurozone has been at the lowest levels since Eurostat began compiling the data in April 1998.
Economy
Sanction-hit Russian carmaker asks Iran for spare parts: Report
A Russian carmaker has asked Iran to supply it with key components it cannot access due to Western sanctions imposed...
- Some Iranian car components, including engine cooling and suspension systems, have already been exported to Russia in recent years.
- Iran has also suffered under stringent economic sanctions, reimposed by the United States in 2018 after Washington unilaterally pulled out of a deal with world powers.
Arts & Culture
Women’s cricket looks to future with Dubai event
The FairBreak Invitational, featuring England captain Heather Knight, West Indies skipper Stafanie Taylor and Pakistan's Sana Mir, opens on Wednesday.
- Women's cricket has emerged as a marketing hit in recent years with international finals played at sold-out stadiums, including a record 86,000-plus at the MCG.
- Progress was halted by the pandemic but the sport bounced back with a successful World Cup in New Zealand, Australia beating Knight's England at a sold-out Hagley Oval last month.
Geostrategy
UN calls for end of stalemate in Iraq
The mission underlined, in a statement on Monday, the importance of overcoming the political stalemate for the benefit of all...
- The mission underlined, in a statement on Monday, the importance of overcoming the political stalemate for the benefit of all Iraqis
- The UN mission urged political leaders in Iraq to assume their responsibilities and expedite the process of forming the government
Geostrategy
European Union readies for end of Russia gas, warns won’t pay in ruble
The European Union warned member states Monday to prepare for a possible complete breakdown in gas supplies from Russia, insisting...
- Germany's minister for economic affairs and climate Robert Habeck said Berlin would follow EU policy
- The anti-Russian measures will also target the country's largest bank, Sberbank, which will be excluded from the international SWIFT messaging system
Business
Iran oil minister meets Venezuela President amid rising oil prices
The two countries are said to have discussed ways to ‘overcome’ the effects of US sanctions against both nations.
- Javad Owji's visit to Venezuela came just weeks after a visit by US officials in the midst of rising global oil prices
- In March, a US delegation held a meeting with Maduro, whose very legitimacy as president Washington disputes
Economy
Nigeria says seeking funding for gas pipeline to Morocco
Nigeria and Morocco are still securing funding for a huge pipeline project that aims to carry Nigeria's gas to North...
- OPEC member Nigeria has huge gas resources - the largest proven reserves in Africa and the seventh largest globally
- Fellow OPEC member Algeria, Africa's largest gas exporter, said recently it was ready to supply Europe with more gas
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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
Iran-Israel war opens ‘new road’ for Mideast: US envoy to Turkey
The Iran-Israel war has opened the way to a "new road" for the Middle East in which Turkey will have...
Geostrategy
Company News
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US implores Israel to let worshipers pray at Al-Aqsa in Ramadan
United States has been pressing for a deal before Ramadan begins in which Israel would halt strikes in Gaza and...
Geostrategy
Israeli fighter jets bomb south Lebanon, killing two
Lebanon's Hizbollah, a Hamas ally, has exchanged near-daily fire with the Israeli army since war erupted between Israel and the...
Geostrategy
Most Read
Business
Reliance, Disney announce giant India media merger
The statement said Disney will hold 36.8 percent, Reliance will hold a 16.3 percent stake, and Viacom18 another 46.8 percent....
- India's entertainment market is already one of the world's biggest, with the merger expected to further shake up the multi-billion-dollar industry
- Reliance, an oil-to-telecom conglomerate led by billionaire tycoon Mukesh Ambani, will invest $1.4 billion into the new company
Geostrategy
Israel strikes Damascus amid soaring regional tensions
According to Syria's defense ministry, Israeli fighter jets carried out strikes "from the direction of the occupied Syrian Golan", targeting...
- Explosions followed by the sirens of ambulances were heard in the capital
- The Israeli strikes killed two Syrian pro-Hizbollah fighters as per a war monitor
Geostrategy
Biden faces backlash in Michigan primary over Gaza ceasefire stance
Though Biden handily won the vote, the uncommitted ballots, representing 13 percent of votes cast Tuesday, sent a "clear and...
- The midwestern state is home to a large number of Arab and Muslim Americans, previously firmly part of the Democratic fold that helped elect Biden in 2020.
- "It is my hope, Mr. President, that you listen to us," said Abdullah Hammoud, the mayor of Dearborn. "That you choose the people of America over Netanyahu", he said.