China’s Xiaomi receives almost 300,000 SUV pre-orders in minutes
Beijing, China -- Chinese electric vehicle maker Xiaomi received almost 300,000 pre-orders within an hour for its first sport utility...
Business
BBC launches US paid subscription to news website
London, United Kingdom - The BBC, Britain's public broadcaster that is struggling with strained finances, on Thursday launched a paid...
Business
Economy
China economy grows 4.8% in first quarter as virus bites
The world's second-biggest economy was already losing steam in the latter half of last year with a property slump and...
- China's GDP growth was better than expected at 4.8 percent on-year in the first quarter
- But the data did not take in the gnawing impact of a weeks-long lockdown in Shanghai
Economy
Divers find ‘no leaks’ from fuel-laden ship sunk off Tunisia
Divers who inspected the hull of a tanker loaded with 750 tonnes of fuel that sank off southeast Tunisia have...
- The inspection was carried out by divers accompanied by the ship's captain and engineer
- Tunisian authorities rescued the seven-member crew, who received first aid and were moved to a hotel
Economy
Libya’s National Oil Corporation announces closure of Al-Fil oil field
Libya's National Oil Corporation announced Sunday the closure of production at a major oil field in the country's south, declaring...
- The closure comes after a group of individuals declared that they were halting production "until a government appointed by parliament takes office in the capital".
- The firm said it "is obliged to declare a state of force majeure" and would no longer be able to provide crude to the Mellitah complex on the country's northwestern coast.
Economy
Libya looks to tourism to revive ‘heritage’
While late dictator Moamer Kadhafi allowed tourists to visit the country on organized trips, visitors have been thin on the...
- Gharyan is a Libyan town where many residents have family records and property deeds dating back centuries
- Some of the buildings are over 2,300 years old in Libya, and ancient Greek historians mentioned their existence
Geostrategy
Yemen’s new leaders want years-long conflict to end
Yemen's new leaders are "ready for war" should the latest push for peace with Houthi rebels fail, but a senior...
- "Our first option is peace, but we are ready for war," Abdullah al-Alimi said late Saturday in his first interview since being named to an eight-member leadership council
- The war has killed hundreds of thousands directly or indirectly, and triggered what the United Nations calls the world's worst humanitarian crisis
Geostrategy
Direct flights start between Tel Aviv and Egyptian resort Sharm el-Sheikh
The first direct flight between the Israeli coastal city of Tel Aviv and Egypt's Red Sea resort of Sharm el-Sheikh...
- Flight 5193, operated by El-Al subsidiary Sun d'Or, departed Ben Gurion International Airport at 0715 GMT, the carrier said in a statement.
- Direct flights have long been in operation between Tel Aviv and Cairo, since Egypt in 1979 became the first Arab country to sign a peace accord with Israel.
Geostrategy
10 Palestinians injured in Al-Aqsa mosque clashes
Clashes between Palestinian demonstrators and Israeli police wounded ten protesters on Sunday morning in and around Jerusalem's flashpoint Al-Aqsa Mosque...
- Early on Sunday morning, "hundreds" of Palestinian demonstrators started gathering piles of stones, shortly before the arrival of Jewish visitors to the site, the police said
- Jews are allowed at certain times to visit -- but not to pray -- at the site, also known as Temple Mount, the holiest place in Judaism and third-holiest in Islam
Geostrategy
Russians flee Putin regime to join Ukraine refugees in Israel
The wave of immigration from Ukraine and Russia over the past seven weeks is the largest Israel has seen since...
- Around 24,000 Ukrainians have taken refuge in Israel since Russian President Vladimir Putin invaded Ukraine on February 24
- Israel's Law of Return grants citizenship to anyone with at least one Jewish grandparent; thousands in Russia and Ukraine meet this criterion
Six dead, 29 missing after migrant boat capsizes off Libya
Six people were found dead and 29 are missing and presumed dead after their boat capsized off the coast of...
- Libya, wracked by a decade of conflict and lawlessness, has become a key departure point for African and Asian migrants making desperate attempts to reach Europe
- The United Nations' refugee agency UNHCR has said that around 1,300 migrants drowned or went missing in the central Mediterranean in 2021
Business
Ship with 750 tonnes of fuel sinks off Tunisia coast
A tanker carrying 750 tonnes of diesel fuel from Egypt to Malta sank Saturday in the Gulf of Gabes off...
- The Equatorial Guinea-flagged Xelo was headed from the Egyptian port of Damietta to the European island of Malta when it requested entry to Tunisian waters
- It began taking water around seven kilometers (over four miles) offshore in the Gulf of Gabes and the engine room was engulfed
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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
China’s Xiaomi receives almost 300,000 SUV pre-orders in minutes
Beijing, China -- Chinese electric vehicle maker Xiaomi received almost 300,000 pre-orders within an hour for its first sport utility...
Business
Company News
Latest News
G7 vows more Russia sanctions after virtual talks on Ukraine
In a statement after the meeting, which Ukrainian President Volodymyr Zelensky also attended, the leaders vowed to "raise the cost"...
Geostrategy
Sudan economy falls victim to war between rival generals
With most banks out of service, the only exchange rate that matters to ordinary Sudanese is on the black market,...
Geostrategy
US and UK launch fresh strikes against Houthis
The new wave of strikes "specifically targeted 18 Houthi targets across eight locations in Yemen" including weapons storage facilities, attack...
Geostrategy
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Geostrategy
British lawmaker suspended over ‘Islamophobic’ comments
London, UK - Britain's ruling Conservatives on Saturday suspended their former deputy chairman from the parliamentary party, after he refused to...
- Pressure had been growing on Prime Minister Rishi Sunak's Tories to act following lawmaker Lee Anderson's contentious remarks.
- On the right-wing GB News channel, Anderson claimed Islamists had "got control" of Khan, who was the first Muslim mayor of London.
Science
US lunar landing a ‘historic achievement’, says Biden
Washington, US - President Joe Biden on Saturday hailed the landing of a US spacecraft on the Moon as a historic...
- Odysseus, which is the size of a large golf cart, is likely lying sideways on the Moon's surface as ground controllers work to download data.
- Biden called the landing "a thrilling step forward in a new era of space exploration" enabled by cooperation between the private and public sectors.
Geostrategy
UAE to provide US$10m grant to support WTO initiatives, says foreign minister
ABU DHABI, UAE – Emirates Minister of Foreign Affairs Sheikh Abdullah bin Zayed Al Nahyan has announced that the UAE...
- Sheikh Abdullah bin Zayed expressed pride that the UAE is hosting the WTO’s MC13, the organization’s highest decision-making body, from February 26-29.
- He welcomed all leaders and representatives of the 166 member states to Abu Dhabi for crucial negotiations on key trade issues and discussions.