WHO delivers its first medical aid to Gaza since March 2
The shipment of supplies, plasma and blood will be distributed among hospitals in the Palestinian territory in the coming days,...
Geostrategy
Amazon tycoon Jeff Bezos, his fiancee Lauren Sanchez arrive in Venice for lavish wedding
Bezos, 61, and Sanchez, 55, are said to have booked out the city's finest hotels for a star-studded guest list...
Business
Business
Twitter employees to meet Musk
They are concerned about his influence on the company board.
- The social media company named Tesla Chief Executive Elon Musk to the board on Tuesday
- It came after he acquired a more-than-9-percent stake in the company, making him Twitter's largest shareholder
Saudi Arabia to allow one million hajj pilgrims this year: statement
Saudi Arabia said Saturday it will permit one million Muslims from inside and outside the country to participate in this...
- After the onset of the coronavirus pandemic in 2020, Saudi authorities allowed only 1,000 pilgrims to participate
- The government wants to ensure pilgrims' safety "while ensuring that the maximum number of Muslims worldwide can perform the hajj", Saturday's statement said
Economy
Russia’s ruble stages rebound despite Western sanctions
After a historic collapse in the wake of Russia's military offensive in Ukraine, the ruble has staged a spectacular bounceback,...
- The Feb. 24 military operation triggered unprecedented Western sanctions on Moscow, sending the ruble into free-fall and accelerating already high inflation
- Analysts say that success is in many ways artificial and does not bode well for the health of the Russian economy
Business
Audi, Porsche eye entry into F1
The firms aim to burnish their green technologies and ambitions.
- Audi will only join the championship on "condition" that the regulations from 2026 "provide for extensive changes for a more sustainable sport".
- The firms have said a final decision in this regard is yet to be made.
Geostrategy
US-led forces shoot down armed drone in Iraq
The US-led coalition fighting the Islamic State group in Iraq said it shot down Friday an armed drone that targeted...
- "US air defense systems shot down an armed unmanned aerial system entering Al Asad Air Base" early Friday morning, the coalition said in a statement
- In early January, coalition forces in Iraq said they shot down two armed drones targeting the Ain Al-Asad base
Geostrategy
Vaccine supply outstrips demand, inequity remains
Many richer nations are now approaching oversupply. European Union and G7 countries had a surplus of 497 million doses at...
- More than 13 billion doses have been produced since the pandemic, 11 billion of which have been administered.
- Countries like South Africa and India have long called for the WTO to suspend intellectual property rights for vaccines and anti-Covid treatments, so they can boost production.
Business
Tesla recalls 128,000 cars
The company said the fault could increase the risk of vehicle collision.
- It is the latest hitch for the US electric vehicle giant that is hugely popular in China, but has also faced complaints from consumers and been hit by Covid-19 lockdowns.
- Tesla sold a record 70,847 cars in China in December, facing stiff competition from homegrown brands such as Nio and XPeng.
Geostrategy
Iran buries second cleric killed in shrine stabbing attack
Iran on Friday buried a second Shiite Muslim cleric killed in a suspected jihadist attack at a revered shrine in...
- Sadegh Darai, a middle-ranking cleric, died Thursday from wounds sustained in the stabbing attack earlier this week in Mashhad, Iran's second-largest city
- Another cleric, Mohammad Aslani, also died in the knife attack, while a third, Mohsen Pakdaman, is in a stable condition in hospital
Economy
World food prices hit record high over Ukraine war: FAO
Russia's invasion of Ukraine sent ‘shocks’ through markets for staple grains and vegetable oils, the UN's Food and Agriculture Organization...
- Russia and Ukraine’s vast grain-growing regions are among the world's main breadbaskets
- They have a huge share in global exports of commodities like wheat, vegetable oil, and corn
Geostrategy
EU approves Russia coal embargo, proposes more arms to Ukraine
The European Union on Thursday said it had approved an embargo on Russian coal and the closing of the bloc's...
- That package also includes a 10 billion euro ($10.9 billion) ban on exports to Russia, including high-tech goods, and the freezing of several Russian banks' assets
- The EU also backed a proposal to boost its funding of arms supplies to Ukraine by 500 million euros, taking it to a total of 1.5 billion euros
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
WHO delivers its first medical aid to Gaza since March 2
The shipment of supplies, plasma and blood will be distributed among hospitals in the Palestinian territory in the coming days,...
Geostrategy
Company News
Spotify cuts 17% jobs
Business
Latest News
Broad support among G20 for two-state solution in Middle East: Brazil
There was "virtual unanimity for the two-state solution as the only possible solution," Brazilian Foreign Minister Mauro Vieira told journalists...
Geostrategy
Islamophobia rises threefold in UK after Israel-Hamas conflict
"We are deeply concerned about the impacts that the Israel and Gaza war are having on hate crimes and on...
Geostrategy
Palestinian gunmen kill 1 Israeli, injure 8 others in occupied West Bank
The shooters were "neutralized", police said, and an AFP photographer later saw two bodies at the scene of the attack...
Geostrategy
Most Read
Business
Asian markets up, Tokyo hits record as US tech earnings jump
Hong Kong, China - Asian markets rose on Thursday, with Tokyo's benchmark index posting a record high after greater-than-expected earnings from...
- Highly anticipated earnings results from Nvidia beat expectations late Wednesday, with the firm reporting a quarterly profit of $12.3 billion
- Hong Kong, Shanghai and Seoul stocks closed higher, and markets in Taipei, Bangkok, Manila and Wellington were also up
Business
Rolls-Royce back into profit
The engine maker swung to profit of $3bn from a loss of $1.64bn in 2022.
- Shares in Rolls soared almost ten percent in afternoon trading, topping London's benchmark FTSE 100 index
- Its share price more than trebled last year but at the end of 2023 it was still only up 6.5 percent over the previous five years.
Geostrategy
Israel strikes crowded Rafah as truce talks under way
Major powers trying to find a way to end the destructive Israel-Hamas war have so far failed, but a US...
- Alarm has centered on Gaza's southernmost city of Rafah, where hundreds of thousands of displaced civilians are living in makeshift camps where disease threatens.
- Israel's onslaught has killed at least 29,410 people, mostly women and children, according to the latest count by Gaza's health ministry.