Israeli commandos operated in Iran during 12-day war: military
The war erupted on June 13 when Israel launched a surprise bombing campaign that it said aimed to stop Iran...
Geostrategy
Trump sees ‘progress’ on Gaza, raising hopes for ceasefire
"I think great progress is being made on Gaza," Trump said, adding that his special envoy Steve Witkoff had told...
Geostrategy
Arts & Culture
Noted Iran director accused of plagiarism
Asghar Farhadi's former student Azadeh Masihzadeh claims that his film A Hero is based on her documentary All Winners All...
- The film in question, called A Hero, was the winner of the Grand Prix in last year's prestigious Cannes Film Festival
- It tells the story of an Iranian inmate who gains fame after finding a purse of gold coins and tracking down its owner
Economy
Ukraine war, energy crisis force UK into fossil fuels rethink
Boris Johnson's government will consult with local communities to host onshore wind farms in return for "guaranteed lower energy bills,"...
- The UK will release energy strategy to call for more renewable power from nuclear, offshore wind, and solar
- This new strategy may permit more drilling for North Sea oil and gas to control the spike in energy prices
Geostrategy
Yemen president transfers power to leadership council
In a major shake-up in the coalition battling Houthi rebels, Yemen's president Abedrabbo Mansour Hadi has formed a new council...
- A United Nations-brokered truce that started on Saturday has offered a glimmer of hope in the conflict amid the humanitarian crisis
- The truce came as peace talks were unfolding in Riyadh without the participation of the Houthis, who refused talks on ‘enemy’ territory
Geostrategy
Three rockets land near oil refinery in northern Iraq
It comes less than a month after Iran's Revolutionary Guards claimed an assault on Arbil that it said targeted an...
- The rockets fell near the Kawergosk refinery, one of the largest in oil-rich Kurdistan
- The refinery is located about 20 kilometers (12 miles) northwest of regional capital Arbil
Business
Meta virtual money moves could include ‘Zuck Bucks’: Report
Facebook's parent company Meta is exploring the potential of digital money referred to internally as "Zuck Bucks" in a play...
- Meta abandoned its effort to create a global cryptocurrency -- first called Libra but eventually re-branded as Diem
- The founder and chief Mark Zuckerberg has spoken about the importance of e-commerce and financial tools to his vision for an immersive online world called the metaverse
Business
Samsung predicts 50% rise in Q1 profit
The company likely to release full results on April 28.
- Analysts said the forecast was likely driven by strong smartphone sales, but warned of an expected drop in profits in the memory chip division
- The coronavirus pandemic has wreaked havoc on the world economy, but it has helped many tech companies boom
Business
Amazon tactics under US scanner
Amazon is accused of using merchant info for its own products.
- Former Amazon employees have said the online retail titan used data of other sellers on its platform without their permission
- Amazon gathered information about sales trends by third parties at its website to develop private-label products, said reports
Geostrategy
Iran hands UN nuclear watchdog documents on undeclared sites
Iran on Wednesday said it has sent documents on its undeclared nuclear facilities to the UN atomic watchdog, bringing it...
- The move brings it a step closer to reviving its 2015 nuclear accord.
- International Atomic Energy Agency will come to Iran to review responses and then prepare their final report.
Business
DEWA raises $6.1bn for GCC’s second-largest IPO
The Dubai Electricity and Water Authority said Wednesday it had raised $6.1 billion for the Gulf's second-largest IPO since 2019....
- The 18 percent stake in the emirate's state-owned DEWA is the biggest IPO in the Gulf region since that of Saudi oil giant Aramco
- The record for the largest public listing in the Gulf, and in the world, is held by Saudi oil company Aramco, which raised $29.4 billion
Business
JetBlue makes $3.6bn bid for Spirit Airlines, upstaging Frontier deal
JetBlue Airways announced Tuesday a bid to acquire Spirit Airlines for $3.6 billion, setting up a bidding war with Frontier...
- The all-cash bid of $33 a share marks a 52 percent premium of Spirit's price prior to its February 7 announcement of the deal with Frontier
- Frontier opposed JetBlue announcement and said its proposed merger with Spirit remained "in the best interest of consumers and shareholders
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
Israeli commandos operated in Iran during 12-day war: military
The war erupted on June 13 when Israel launched a surprise bombing campaign that it said aimed to stop Iran...
Geostrategy
Company News
Latest News
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...
Most Read
Geostrategy
Israeli strike on MSF shelter in Gaza kills two
According to MSF, the attack killed the daughter-in-law and wife of one of their colleagues, and wounded six people, including...
- Israeli troops fired at the building, which was clearly marked with the MSF logo
- The charity said Israeli forces had been informed of the precise location" of the MSF shelter
Ronaldo scores as Al Nassr ease into Champions League quarters
Nassr, who won last week's first leg 1-0 thanks to a Ronaldo goal nine minutes from time, were the better...
- Ronaldo, 39 earlier this month, was booked in first-half stoppage time for a late challenge, with Nassr manager Luis Castro then given a yellow card for protesting the decision
- However, the Nassr skipper would have the final say, when four minutes from time, he latched onto yet another Marcelo Brozovic through ball
Geostrategy
Israeli air attack kills two in Damascus, says state media
An Israeli strike on a residential area of Damascus killed at least two people, Syrian state media reported, the latest...
- The Syrian Observatory for Human Rights, a Britain-based war monitor, said that "a Syrian civilian" was killed as well as two foreign nationals.
- An AFP photographer said the strike hit a nine-storey building, with damage centered around the fourth floor and the exterior of building partially blackened.