Israeli army chief warns of ‘prolonged campaign’ in Iran
"We have embarked on the most complex campaign in our history to remove a threat of such magnitude, against such...
Geostrategy
US military aircraft no longer visible at base in Qatar: satellite images
Dozens of US military aircraft are no longer on the tarmac at a major US base in Qatar, satellite images...
Geostrategy
Geostrategy
US says Iran nuclear deal ‘close’ but not certain
Negotiators meeting in Vienna to try and salvage the 2015 nuclear deal, which is meant to prevent Tehran from acquiring...
- The agreement was between Iran on one side and Germany, China, the United States, France, Britain, and Russia on the other
- It unraveled when former US president Donald Trump, with Israeli encouragement, unilaterally withdrew from it in 2018
Geostrategy
Fire at Ukrainian nuclear plant after Russian forces attack
Russian troops attacked Europe's largest nuclear plant on Friday, starting a fire at the Ukrainian facility, with the country's leader...
- President Volodymr Zelensky accused Moscow of trying to "repeat" the Chernobyl nuclear disaster
- Images on a live feed from the site earlier showed blasts lighting up the night sky and sending up plumes of smoke
Geostrategy
Israel could be ‘potential ally’ for Saudi Arabia: Crown Prince
Saudi Crown Prince Mohammed bin Salman has said Israel could be a "potential ally" of Riyadh, in remarks published Thursday....
- Saudi Arabia does not have diplomatic relations with Israel.
- But in 2020 two of its main Gulf allies -- Bahrain and the UAE -- normalized ties with Israel, becoming the third and fourth Arab states to do so after Egypt and Jordan.
Arts & Culture
Heritage of Iraq’s last few Jews at risk
In Ottoman-ruled Baghdad, Jews made up 40 percent of city inhabitants. By the time of Israel's creation in 1948 they...
- Jewish roots in Iraq go back about 2,600 years, on the land where the patriarch Abraham was born and where they wrote the Babylonian Talmud.
- A report published in 2020 listed Jewish heritage sites in Iraq and Syria, some dating back to the first millennium BC.
Geostrategy
France says worst yet to come in Russia-Ukraine conflict
France on Thursday expressed fear that the worst phase of Russia's war on Ukraine could be yet to start, with...
- France Foreign Minister said that Ukraine's resistance against Russian invasion could lead to cities being targeted
- The minister warned Kharkiv in the east, Mariupol in the south and Kyiv itself were at risk of encirclement by Russia
Business
Lufthansa posts net loss of $2.2bn
The German carrier said it cut its losses by two-thirds in 2021.
- German airline Lufthansa said that Ukraine invasion has led to uncertainty in aviation sector
- It said rising price of fuel would also adversely impact the sector and could reduce the profit
Business
Former Nissan boss refuses to fade away into oblivion
From his shock detention to an audacious escape from Japan hidden in an audio-equipment box, the rollercoaster saga of former...
- Ghosn and his aide Kelly were arrested in Tokyo on suspicion of financial misconduct on November 19, 2018
- He was granted bail before being arrested again in a dawn raid of his Tokyo apartment in April of 2019
Business
Amazon closing bookstores, pop-up shops to focus on grocery chain
E-commerce titan Amazon on Wednesday confirmed plans to close its bricks-and-mortar bookstores and pop-up shops in order to focus on...
- The Seattle-based company expected to close 66 real-world stores in the United States and two more in the United Kingdom.
- Amazon acquired the Whole Foods Market grocery chain for $13.7 billion in 2017, significantly expanding the e-commerce giant's presence in physical retail.
Geostrategy
Libya PM-in-waiting accuses rival of blocking swearing-in
The Libyan parliament's pick for prime minister has accused his rival in Tripoli of blocking ministers-in-waiting from traveling to the...
- Former interior minister Fathi Bashagha was appointed last month by the war-torn country's parliament in the eastern city of Tobruk
- Libya's parliament has been based in the eastern city of Tobruk, hundreds of miles (kilometers) east of Tripoli, since an east-west schism in 2014
Geostrategy
UAE and US are facing a stress test: Ambassador Yousef al-Otaiba
The UAE and the US are facing a "stress test" in their relationship, a senior Emirati diplomat said Thursday, as...
- Yousef al-Otaiba, the UAE ambassador to the US, was speaking days after it abstained in a UN Security Council vote on a resolution demanding a Russian withdrawal from Ukraine
- The UAE, which currently holds the UN Security Council presidency, on Friday abstained from voting on a US-Albanian draft resolution condemning Russia's invasion of Ukraine
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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
Israeli army chief warns of ‘prolonged campaign’ in Iran
"We have embarked on the most complex campaign in our history to remove a threat of such magnitude, against such...
Geostrategy
Company News
Latest News
Siemens posts record profit
Business
UAE defends Israel ties, calls for two-state solution
Despite maintaining its ties with Israel since the Israel-Hamas war began in October, the UAE has been at pains to...
Geostrategy
Relative of freed Israeli hostages appeals for Gaza deal
Talks have been underway for weeks to secure a second truce in the four-month war, which would see more hostages...
Geostrategy
Court asks Netherlands to stop export of F-35 parts to Israel
The Appeals Court in The Hague sided with a group of human rights organizations that argued the parts contributed to...
Geostrategy
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Business
Mesaieed 2023 net profit down 39%
The company's net profit in 2022 was QR 1.76 billion ($482m).
- According to Qatar Stock Exchange website, the Company's Earnings per share (EPS) amounted to QR 0.086 in 2023 versus EPS QR 0.141 for the same period in 2022.
- The Board of Directors recommends a cash dividend of QR 0.086 per share, equating to a payout ratio of 100 percent of net earnings for 2023.
Economy
UN COP29 host Azerbaijan sees a big boom in gas production
Despite the last COP in the United Arab Emirates ending with an unprecedented call to "transition" away from fossil fuels,...
- Patrick Galey, of Global Witness, said that Azerbaijan is ramping up its gas production when the world urgently "needs to kick its fossil fuel habit"
- According to Eurostat, Europe, to replace Russian gas, turned to Azerbaijan, whose share of imports grew from 2 percent in 2021 to 4 percent in 2023
Business
Toyota’s Daihatsu resumes domestic production
It will make the Probox van and Mazda-branded Familia van.
- The Toyota-owned firm's factory in Kyoto resumed manufacturing of the Probox van and Mazda-branded Familia van, a Daihatsu spokesman told AFP
- Daihatsu will resume production of 10 other models on February 26, after the transport ministry confirmed they met safety regulations, it said last week