Israel kills 46 Gazans waiting for aid as hostage families call for end to war
Civil defense spokesman Mahmud Bassal told AFP that 21 people were killed and around 150 wounded by Israeli fire near...
Geostrategy
‘Unidentified’ drone hits Baghdad base: Iraq security officials
An "unidentified" drone struck a military base in Baghdad early Tuesday while another fell in the west of the capital,...
Geostrategy
Geostrategy
Kim Jong Un vows to make North Korea an ‘overwhelming’ military nation
Analysts say the successful launch of a missile may have emboldened Kim's confidence that his country is on the right...
- Kim's comments follow Pyongyang successfully carrying out the nation's biggest missile launch on Thursday.
- Known as the Hwasong-17, the powerful ICBM was first unveiled in October 2020 and dubbed a "monster missile".
Geostrategy
120 million euros frozen in Lebanese laundering probe
France, Germany and Luxembourg have seized properties and frozen assets worth 120 million euros ($130 million) in a major operation...
- The Hague-based Eurojust said the operation on Friday was directed against five suspects who were suspected of embezzling public funds in Lebanon of more than $330 million.
- This included the seizure of a three properties in Germany, valued at 28 million euros as well as other assets worth seven million euros.
Geostrategy
Iraq building Syria wall to keep out Islamic State fighters
Iraq is building a concrete wall along part of its border with Syria to stop Islamic State group jihadists from...
- In the "first stage" of construction, a wall around "a dozen kilometers (seven miles) long and 3.5 meters (11 feet) high was built in Nineveh province.
- Iraq in 2018 said it had begun building a fence along the Syrian border for the same reason.
Geostrategy
Turkey spots another mine floating off its coast
Turkey on Monday said a second mine which could have come from Ukraine was discovered off its coast near Bulgaria,...
- Turkish defense ministry tweeted that "A mine was detected off Igneada near the Bulgarian border" on the Black Sea
- A first mine was found on Saturday and defused by the Turkish navy, after a fisherman had reported seeing it
Geostrategy
Yair Lapid says Iran wary of Israel’s alliance with Arab states
The deepening alliance between Israel and several Arab states "intimidates and deters" Iran, Israel's Foreign Minister Yair Lapid said Monday...
- The minister made the comments alongside the top diplomats of the US as well as the United Arab Emirates, Morocco and Bahrain
- UAE, Morocco and Bahrain formed ties with Israel under two different agreements brokered by former US President Donald Trump
Business
UAE reaffirms OPEC+ commitment, says West must be ‘reasonable’
The United Arab Emirates on Monday urged Western countries to be "reasonable" in their expectations, underlining its commitment to the...
- The grouping of the 13 members of the Saudi-led Organization of the Petroleum Exporting Countries (OPEC) and their 10 allies, including Russia, is an "alliance to stay"
- A surge in prices and supply fears since Russia's invasion of Ukraine last month have led to calls for OPEC to increase output
Arts & Culture
Will Smith slaps Chris Rock, shadowing CODA triumph at Oscars
Seeking to reassert its relevance, the Academy Awards gala was packed with big musical performances and three wisecracking female hosts...
- CODA, a feel-good indie drama starring deaf actors in lead roles, helped Apple TV+ beat Netflix to become the first streaming best-picture winner
- Netflix had bet on The Power of the Dog, for which Jane Campion won best director, becoming only the third woman to do so in Oscars history
Geostrategy
Jordan’s king visits Ramallah to meet Mahmud Abbas
Jordan's King Abdullah II landed in Ramallah on Monday to meet Palestinian president Mahmud Abbas, in his first trip to...
- Abdullah's visit comes as foreign ministers from four Arab states joined an unprecedented meeting hosted in Israel, a gathering Israel hailed as "historic"
- The Jordanian king met Israeli Foreign Minister Yair Lapid earlier this month to discuss strategies for containing unrest during Ramadan
Israeli PM tests positive for Covid after Blinken talks
Israeli PM who also visited the northern Israeli city of Hadera on Sunday after gunmen shot dead two police officers.
- Israeli PM's office has confirmed that the Prime Minister came in contact of coronavirus but he is feeling well and will continue his schedule as planned from his home
- Naftali Bennett was seen addressing a press conference with Antony Blinken without earing a face mask a day before he tested positive
Business
Huawei reports record net profit
The telecoms giant Huawei posted a net profit of $17.8 billion in 2021.
- The company has been caught in the crosshairs of the US-China trade and technology standoff, with US under Trump rule moving to cripple it over espionage concerns.
- Its revenue slumped by around 29 percent as it grappled with US sanctions aimed at blocking access to key technology and supplies.
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
Israel kills 46 Gazans waiting for aid as hostage families call for end to war
Civil defense spokesman Mahmud Bassal told AFP that 21 people were killed and around 150 wounded by Israeli fire near...
Geostrategy
Company News
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China cuts key mortgage rate to boost economy
China last year recorded one of its worst annual growth rates since 1990, dampening hopes for a rapid economic recovery...
Economy
Sudan refugees face agonizing wait in overcrowded camps
Renk is just 10 kilometers (six miles) from Sudan, where fighting broke out in April last year between army chief...
Geostrategy
Capital One to buy Discover for US$35.3bn
Its shareholders will own 60% of the combined company.
Business
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Geostrategy
Brazil summons Israeli ambassador as Gaza row escalates
The Brazilian foreign ministry said it has also recalled its own ambassador from Tel Aviv for consultations, after Israel summoned...
- Israeli Prime Minister Benjamin Netanyahu said Lula had "crossed a red line"
- The leftist leader has also faced backlash at home over his statements
Geostrategy
Israel says Brazil’s Lula ‘persona non grata’ for Holocaust remarks
Lula's remarks on Sunday sparked outcry in Israel after the Brazilian leader said the ongoing conflict in the Gaza Strip...
- Brazilian president on Sunday said the ongoing conflict in the Gaza Strip "isn't a war, it's a genocide" and compared it to "when Hitler decided to kill the Jews"
- "He's persona non grata in the state of Israel so long as he doesn't retract his remarks and apologize," Israeli foreign minister Katz said of Brazilian leader
Business
Saudi open banking market expected to hit $43bn by 2026: El-Kuwaiz
Riyadh, Saudi Arabia -- Saudi Arabia's open banking market is expected to expand from $7 billion in 2018 to around...
- El-Kuwaiz announced this at the conclusion of the Open Banking Hackathon, held here between February 4 and 19.
- A study has anticipated rise in the market value of training from SAR788 million to approximately SAR1 billion by 2026, he added.