Syrians watch Iran-Israel crossfire as government stays silent
For days, Syrians have watched as Iranian missiles and Israeli interceptors light up the skies over their territory, but the...
Geostrategy
US Fed set to hold rates steady as it guards against inflation
Washington, United States - The US central bank is expected to hold interest rates steady Wednesday after its key policy...
Economy
Business
No full recovery until 2024, says Dubai airports chief
Traffic remains "nowhere near pre-pandemic levels" despite rising to 29.1 million passengers last year, Dubai Airports chief Paul Griffiths said...
- Traffic remains "nowhere near pre-pandemic levels" despite rising to 29.1 million passengers last year, Dubai Airports chief Paul Griffiths said in an interview
- Passenger figures collapsed to 25.9 million in 2020, a drop of 70 percent, when Dubai airport was closed from March to July and fleets were grounded around the world
Geostrategy
Bags packed, Ukrainians at frontline brace for Russian invasion
Locals residing in border area are angered at both Russian President Vladimir Putin and Ukraine's Western-backed leader Volodymyr Zelensky for...
- Some Avdiivka residents who have stayed through the worst months of Ukraine's eastern separatist war are now preparing to evacuate Aris Messinis
- The official toll now of causalities is still small as one civilian and two Ukrainian soldiers have been killed by Kyiv in last week
Geostrategy
World leaders condemn Russian decision on Ukraine
Western powers reacted swiftly to Monday's decision by Russian President Vladimir Putin to recognise the independence of the two self-proclaimed...
- The leaders of France, Germany and the United States condemned Putin's move as a "clear breach" of the Minsk peace agreements
- French President Emmanuel Macron, German Chancellor Olaf Scholz and US President Joe Biden agreed that "this step will not go unanswered"
Business
‘Suisse Secrets’ puts Swiss banking back in spotlight
No Swiss news media took part in the investigation against Credit Suisse due to the risk of criminal prosecution in...
- Investigations into Credit Suisse revealed the bank has held more than $8 billion in accounts of criminals, dictators, and rights abusers
- 48 media houses across the world participated in the Suisse Secrets investigation, coordinated by non-profit journalism group OCCRP
Economy
Fed official says March rate hike will depend on data
"I support raising the federal funds rate at our next meeting in March," governor Michelle Bowman said.
- "I support raising the federal funds rate at our next meeting in March," governor Michelle Bowman said
- She stressed that should the economy evolve as she expects, "additional rate increases will be appropriate in the coming months."
Geostrategy
US, allies lambast Russia over Ukraine at UN Security Council
The United States and its allies rounded on Russia during an emergency Security Council session Monday, denouncing Vladimir Putin's recognition...
- "He calls them peacekeepers. This is nonsense. We know what they really are," Thomas-Greenfield said
- Ukraine's ambassador Sergiy Kyslytsya insisted that his country's borders remain "unchangeable" despite Russia's actions
Geostrategy
Putin recognises independence of pro-Russian separatists in Ukraine
Russian President Vladimir Putin on Monday recognised the independence of two separatist regions in eastern Ukraine in an emotional address...
- State broadcasts then showed Putin signing mutual aid and friendship agreements with rebel leaders in the Kremlin
- At the end of his lengthy speech, Putin asked Russia's upper house of parliament, the Federation Council, to "support this decision".
Business
Syria accords rare approval to telecom firm to begin operations
Syrian authorities on Monday granted a rare license to a new telecommunications company that will start operating in nine months,...
- Wafa Telecom will become Syria's third telecoms operator in a market currently controlled by Syriatel and MTN
- Wafa Telecom CEO Ghassan Saba said the company relied on foreign expertise, amid reports of Iranian investments in his firm
Geostrategy
Egypt and France begin military drills in the Mediterranean
Egypt has kicked off joint air and naval drills with France, one of its biggest arms suppliers, in the Mediterranean,...
- "Egypt and France are carrying out the 'Ramses 2022' naval and air exercises in the Mediterranean... which will last several days," army spokesman Gharib Abdelhafiz said
- The spokesman added that the drills also seek "to secure vital targets in the Mediterranean"
Business
Kuwait Airways to buy 31 jets from Airbus for $6bn
Kuwait Airways announced an expanded, $6 billion deal with Airbus that includes 31 new planes on Monday, restructuring an agreement...
- The deal comes after occasionally "heated" negotiations following probes over allegations of kickbacks surrounding the initial, 25-plane order
- The new agreement includes nine Airbus A320neo, six A321neo, three A321neo LR, four A330-800neo, seven A330-900neo and two A350-900
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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
Syrians watch Iran-Israel crossfire as government stays silent
For days, Syrians have watched as Iranian missiles and Israeli interceptors light up the skies over their territory, but the...
Geostrategy
Company News
Latest News
Rumors swirl over bitcoin inventor Nakamoto’s identity
London, United Kingdom - An Australian man went on trial in London this week over his claims of inventing bitcoin --...
Business
AI game gains popularity during Chinese New Year festivities
SHANGHAI, CHINA - Young Chinese flocking home for Lunar New Year this weekend have turned to an AI chatbot game to...
Arts & Culture
Barclays bank to stop financing new oil, gas projects
London, United Kingdom -- British bank Barclays said Friday it would stop directly financing its energy clients' new oil and gas...
Business
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Business
Hermes profit soars 28 percent
The luxury giant posted a profit of US$4.6bn in 2023.
- The company will disburse a 4,000-euro bonus to all employees early this year as part of "its policy of sharing the fruits of growth"
- Its sales climbed 14.5% in Japan and 12.9% in the rest of the Asia-Pacific region, with the group opening its 33rd store in China
Geostrategy
Saudi hosts Arab diplomats for Gaza talks after Blinken tour
Saudi Arabia, home to the holiest sites in Islam, has never recognised Israel, though officials were considering doing so before...
- The meeting was attended by the foreign ministers of Egypt, Qatar, the United Arab Emirates and Jordan, as well as a senior Palestinian official
- Two diplomats briefed on preparations for the meeting told AFP it was intended to promote a unified Arab position on the war, now in its fifth month
Jailed Khan’s allies running close race in Pakistan poll
The PML-N had been expected to win the most seats following Thursday's vote, with analysts saying its 74-year-old founder Nawaz...
- Unofficial tallies on local TV stations had independents in the lead for many of the remaining seats up for grabs in the 266-member assembly
- Before the first results were officially announced, PTI chief organiser Omar Ayub Khan said he was confident the party had done enough