US hits back at accounts Iran moved enriched uranium before bombing
Trump, seeking credit for ordering military action and then quickly announcing a ceasefire between Israel and Iran, has lashed out...
Geostrategy
James Webb Telescope captures first direct image of exoplanet TWA 7b
The telescope, which can see farther into the universe than anything before it, has turbocharged the search for planets beyond...
Science
Economy
IMF reaches agreement on $3 billion deal for Lebanon
The country has been battered by triple-digit inflation, soaring poverty rates, and the collapse of its currency since a 2020...
- PM Najib Mikati said the deal is "a visa stamp for donor countries to begin co-operating with Lebanon and to put Lebanon back on the global finance map".
- The aid would be released only after the parliament in Beirut approves a 2022 budget and a new bank secrecy law to fight corruption.
Business
Shell to lose $5 bn
Nations and their companies have axed business ties with Russia over Ukraine.
- Shell is gradually withdrawing from Russia owing to the war due to the UK government policy.
- Shell previously apologized for buying a cargo of Russian oil at a vast discount following the invasion.
Business
EU passengers can claim compensation for delays even outside Europe
EU travelers who book flights through a European airline can claim compensation in the event of a major delay of...
- The European Court of Justice said that the entirety of a journey that was subject to a single reservation fell under the EU's rules on flight delays.
- The court was hearing a case that involved a journey booked through German carrier Lufthansa for three passengers from Brussels to San Jose in California.
Geostrategy
EU court rules in favor of Mubarak family on assets freeze
The European Court of Justice ruled Wednesday in favor of the family of late Egyptian president Hosni Mubarak and confirmed...
- The European Union had decided in March last year to end sanctions it had imposed on Mubarak, his wife, two sons and their wives.
- The sanctions included a freeze on assets held in the EU and a ban on any citizens or entities from the 27-nation bloc making funding available to those on the blacklist.
Geostrategy
Dangerous stray dogs pose culling dilemma in North African cities
Authorities opened an inquest Friday into the death of a 16-year-old girl after she was mauled as she walked to...
- A similar tragedy struck in neighboring Algeria last month, when a 12-year-old was killed and half-eaten by dogs in the Blida area.
- Many stray dogs in the Maghreb region pose an additional threat: rabies, a virus that attacks the central nervous system and leads to a painful death.
Rich nations to tap 120m barrels from emergency oil reserves: IEA
The IEA members which include the United States, European countries, Australia and Japan, among others had already pledged last month...
- IEA, which holds emergency stockpiles totaling 1.5 billion barrels, concurred with the decision to tap oil reserves again
- Joe Biden had already announced that the US would release 1 million barrels its oil reserves onto the market every day for six months
Economy
Rome unveils €650m boost for electric vehicles
"First the pandemic and now the war (in Ukraine) are putting a severe strain on this sector which represents one...
- Prime Minister Mario Draghi has chaired the cabinet meeting where the new decree has been adopted and funded by the "automobile fund"
- Purchases of low-emission electric or hybrid vehicles will be eligible for a bonus of between €2,000 and €3,000 in Italy
Arts & Culture
The metaverse threat: ‘TV will die with its audience’
On the horizon is the so-called "metaverse" -- a loose term covering the growing eco-system of interactive online worlds, games...
- On the horizon is the so-called "metaverse" -- a loose term covering the growing eco-system of interactive online worlds, games and 3D meeting places
- While older consumers are still wedded to traditional TV, viewership among under-35s has halved in a decade, according to Statista
Science
Climate-related health emergencies on the rise in Africa: WHO
Floods, water, and vector-borne diseases have been worsening the health crises in Africa, said WHO's regional director for Africa.
- The WHO has said health emergencies caused by climate change are increasing in Africa
- The UN health agency has called on governments to implement WHO air quality guidelines
Geostrategy
Civilians try to flee east Ukraine as Russia prepares attack
More than 11 million people in Ukraine have been displaced since Russia invaded on February 24, aiming to seize the...
- Russian troops have been withdrawing from around the capital and Ukraine's north, leaving a trail of destruction behind them
- The scenes of carnage left behind by retreating troops in towns like Bucha have led to a wave of fresh sanctions against Moscow
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
US hits back at accounts Iran moved enriched uranium before bombing
Trump, seeking credit for ordering military action and then quickly announcing a ceasefire between Israel and Iran, has lashed out...
Geostrategy
Company News
Latest News
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...
Geostrategy
Vietjet to buy 20 A330-900 planes
The company signed MoU with Airbus for the widebody aircraft.
Most Read
Israel parliament rejects unilateral recognition of Palestinian state
On Wednesday, Israel's parliament backed Netanyahu's proposal of opposing any unilateral recognition of a Palestinian state, with 99 out of...
- The vote came days after media reported that US and a small group of Arab nations were working out a comprehensive plan for long-term peace between Israel and the Palestinians
- Media reported that the plan would begin with a ceasefire expected to last at least six weeks, with officials hoping that an agreement could be reached before the start of Ramadan
Business
Nvidia profit soars to US$12.3bn
The company's revenue spiked to US$22.1bn.
- The chip titan posted profit of $12.3 billion on record revenue of $22.1 billion in the quarter than ended late January
- Its shares jumped nearly eight percent to $732.99 in after-market trade, following the release of the earnings results
Geostrategy
New Palestinian leaders needed after Gaza war: opposition figure
Talks are aiming to secure a ceasefire of about six weeks starting between now and Ramadan, which is expected to...
- Kidwa, nephew of late Palestinian leader Yasser Arafat, said talks are seeking not just a pause in fighting but also addressing day-after scenarios
- Behind the scenes they are touching on wider post-war issues such as security, leadership reform, the creation of an independent Palestinian state, he said