Iran says hypersonic missiles fired at Israel as Trump demands ‘unconditional surrender’
Despite international alarm, neither side has backed off from the long-range blitz that began Friday, when Israel launched an unprecedented...
Geostrategy
MENA brief Jun 17: ADNOC Drilling appoints new CEO, Riyadh up in startup ranking
The DMCC Crypto Centre welcomed Bitcoin.com, which is setting up its first MENA office in Dubai. The Arab Coordination Group...
Geostrategy
Business
UAE F&B trade hit $20bn in first 9 months of 2021: Dubai Chamber
The rise was said to have been supported by growing demand and expanded efforts to enhance food security and diversify...
- Imports, at $12.8 billion, accounted for the largest share of the UAE’s F&B trade during January-September 2021
- This was followed by exports at $4.1 billion and re-exports at $3.3 billion over the same period last year
Science
Plastic, chemical waste exceeded planet’s safe limit: study
The European Union’s REACH inventory has covered only 150,000 out of 350,000 different substances and only a third of those...
- There are an estimated 350,000 different manufactured chemicals on the market and large volumes of them end up in the environment
- Since 2020 plastic production has increased to 367 million tones but less than 10 percent of the world’s plastic is currently recycled
Business
Accountants drop Trump, say records can’t be relied upon
Mazars informed the Trump Organization in a letter last Wednesday that it would no longer work for the company.
- Mazars informed the Trump Organization in a letter last Wednesday that it would no longer work for the company
- The accounting firm added that an investigation of its own and "information received from internal and external sources" had also played a part in it reaching that conclusion
Business
Hollywood actor jailed for $650m scam
Zachary Horwitz has swindled millions in a huge Hollywood Ponzi scheme to finance a lavish lifestyle of yachts, jets and...
- 35 year old American actor swindled $650 million in multi-million dollar Ponzi scheme
- Judge Mark Scarsito sentenced Horwitz to 20 years and ordered him to repay $230 million to his victims
Geostrategy
US considers $1 bn loan guarantees for Ukraine
Europe's poorest country Ukraine's corruption-plagued economy has suffered from increased tensions over the possibility of an invasion by Russia.
- US could offer $1 billion in credit guarantees to support Ukraine, says White House official
- US National Security Advisor Jake Sullivan repeated on Sunday that Russia could attack Ukraine "any day now"
Business
‘Don’t be Google’: The rise of privacy focused startups
Google once used the slogan "don't be evil" to distinguish itself from its competitors, but now a growing number of...
- They are taking on Google Analytics, a product used by more than half of the world's websites to understand people's browsing habits
- The smaller players know they are not going to overturn Google's domination, rather their aim is to inject a bit of fairness and choice into the market
Geostrategy
Israeli PM starts first-ever Bahrain visit
The visit is the latest such initiative following the US-brokered 2020 Abraham Accords.
- Bahrain and the United Arab Emirates became only the third and fourth Arab states to establish ties with Israel
- Following Egypt and Jordan, they signed on to the pacts negotiated under former US president Donald Trump
Geostrategy
GCC states stress women’s rights to Taliban
Amir Khan Muttaqi, a key member of the Taliban leadership, met in Doha with ambassadors from the six-nation GCC on...
- The Taliban have been struggling to unfreeze billions of dollars of assets abroad and get sanctions lifted.
- Arab envoys emphasized the need to help Afghanistan's "urgent humanitarian needs" as the country confronts widespread hunger caused by drought.
Business
India to list its largest insurer, set to raise $10bn
India is embarking on the blockbuster listing of the country’s largest insurer as part of a wider privatization drive to...
- After the listing, which is expected in March, LIC will be one of India’s biggest publicly listed companies alongside giants such as Reliance and TCS
- The company holds a two-thirds share in the domestic life insurance market. It manages assets of 36.7 trillion rupees ($491 billion)
Geostrategy
Erdogan arrives in UAE after a decade to revive bilateral relations
Turkish President Recep Tayyip Erdogan reached Abu Dhabi on Monday for his first visit to the UAE in nearly a...
- Turkey and the UAE have backed opposing sides in the Libyan civil war and in a Gulf diplomatic crisis
- But those tensions eased after Abu Dhabi Crown Prince Mohammed bin Zayed traveled to Ankara in November
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
Iran says hypersonic missiles fired at Israel as Trump demands ‘unconditional surrender’
Despite international alarm, neither side has backed off from the long-range blitz that began Friday, when Israel launched an unprecedented...
Geostrategy
Company News
Latest News
Pakistanis vote with Khan in jail, Sharif tipped to win
The Pakistan Muslim League-Nawaz (PML-N) is expected to win the most seats in Thursday's vote, with analysts saying its 74-year-old...
Civilians among 11 dead in Israel strikes on Syria: monitor
Four students and a woman and her son were among the dead along with an unidentified civilian, the Observatory said,...
Geostrategy
Uber posts first annual net profit
The company reported $37.3 billion in sales in 2023.
Most Read
Geostrategy
Iranian President Raisi accuses US of disrupting Middle East security
"The presence of US forces in our region has no justification," Raisi said in a Tehran ceremony ahead of the...
- Raisi said the US presence "in Iraq, Syria, Afghanistan and the region is in no way creating security. It disrupts the security in the region"
- Raisi's remarks to foreign diplomats came while US Secretary of State Antony Blinken was on a regional tour for talks on the Gaza ceasefire deal
Business
Alibaba share buyback program up $25bn
Following the announcement, the firm's shares rise 5% in trading.
- In the quarter ending Mar 31, Alibaba posted sales of 260.3 billion yuan ($36.7 billion), up five percent year on year, the firm said -- but below analysts' forecasts.
- Based in eastern China's Hangzhou, Alibaba is a key player in the country's digital sector and is considered a barometer of consumer spending in the world's second-largest economy.
Business
Czech farmer cull 140,000 birds to halt spread of bird flu outbreak
Prague, Czech Republic - Czech farmers have killed about 140,000 birds since the start of the year in a bid to...
- The infected birds had the highly pathogenic H5N1 bird flu strain, which is potentially transmissible to humans
- The three commercial farms, all in central Czech Republic, have had to cull 50,000 ducks and 90,000 chicken