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
Day 4: Tehran residents flee Israeli attacks as casualties mount
Images verified by AFP, shot by a social media user from an overpass, showed near immobile traffic on a Tehran...
Geostrategy
Geostrategy
Iran Guards unveil missile said to put Israel within reach
The missile has a range of 1,450 kilometers (about 900 miles), runs on solid fuel, and is capable of penetrating...
- The International Institute for Strategic Studies says Iran has about 20 types of ballistic missiles as well as cruise missiles and drones
- Their capabilities vary, with the Qiam-1 having a range of 800 kilometers and the Ghadr-1 able to reach 1,800 kilometers
A gas explosion in downtown Abu Dhabi stokes unease
A gas explosion in downtown Abu Dhabi prompted a warning of a possible attack early on Wednesday following a series...
- The US embassy issued a security alert after the blast in a building on Hamdan Street just after midnight sent a fireball into the sky and set off a blaze
- But emergency teams in the United Arab Emirates capital "put out a fire caused by a gas cylinder explosion", the official WAM news agency said
Geostrategy
UN panel wraps up after Iraq pays $52.4bn for Kuwait invasion
A UN commission set up to obtain reparations from Iraq over the country's 1990 invasion of Kuwait submitted its final...
- Iraq's Saddam Hussein ordered his army to invade Kuwait and seize what he described as "Iraq's 19th province" on August 2, 1990
- The recipients of the war reparations included private individuals, companies, government organisations and other groups that suffered losses
Geostrategy
Iran develops a missile that can reach up to Israel
Iran's Islamic Revolutionary Guard Corps on Wednesday announced the development of a surface-to-surface missile whose stated range would put arch...
- The missile was named the Khaybarchekan after a victorious battle fought by the Prophet Mohammed in the seventh century
- Armed forces chief of staff Mohammad Bagheri described it as a strategic, "long-range" missile
Business
Covid lockdown in China makes aluminum costlier
The Covid lockdown this week of a relatively unknown Chinese city sent global prices of aluminum rocketing to a 14-year...
- Located near the border with Vietnam, Baise is nicknamed the "aluminum capital of southern China"
- It produces about 2.2 million tonnes of the commodity per year -- more than 80 percent of the output in the resource-rich Guangxi region
Geostrategy
Qatar to host gas exporters summit as Ukraine crisis simmers
The US has sought the help of its close ally Qatar in providing emergency supplies if pipelines to Western Europe...
- Russia, Iran and Qatar are key members of the forum. Two other exporters, the US and Australia, are not part of the group.
- The GECF says its 11 members and seven associate countries account for 70 percent of proven gas reserves and 51 percent of global liquefied natural gas exports.
Business
Asian markets rise again as traders wait for US inflation data
Signs of lower tensions between Russia-Ukraine have put investors at ease.
- Asian markets rose following a positive performance as traders prepared for the release of highly anticipated US inflation data
- Oil prices also enjoyed a small bounce on demand optimism after two days of losses fueled by several worldwide factors
Economy
High energy prices put more pressure on Turks
When temperatures plunged well below freezing in Ankara and energy prices soared, Dondu Isler had to make a tough choice...
- Energy prices in Turkey and other countries have soared in the past year due to recovering demand and geopolitical tensions
- Turks have also seen their overall purchasing power dwindle dramatically amid a currency crisis and two-decade high inflation that reached almost 50% last month
Economy
Godsend or ‘ghetto’: Syrian migrants flock to small Cyprus town
The Cypriot government says the divided country has the highest number of first-time asylum applications in the European Union per...
- The Cypriot government says the divided country has the highest number of first-time asylum applications in the European Union per capita
- Most of them are from Syria, and their number has more than doubled from 800 over the past three years
Business
Toyota profit beats estimates
The company was the world's top-selling carmaker in 2021.
- For the nine months to December, the firm logged net profit of 2.31 trillion yen, a jump of 57.8 percent on-year
- The Japanese auto giant, which kept its crown as the world's top-selling carmaker in 2021
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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
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
Company News
Latest News
Aramco profits down
Business
Tunisia parliament votes to let central bank finance budget
The parliament ratified by a huge majority of 92 votes out of 133 an amendment to an article that prohibited...
Economy
Israel says studying Hamas response to truce deal
Last week, a Hamas source said the truce deal calls for a six-week pause to fighting as Hamas frees hostages...
Geostrategy
Israeli air strikes on Syria’s Homs kill five people
The Syrian Observatory for Human Rights said that five people have been killed including three civilians, and seven others were...
Geostrategy
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Geostrategy
EU seeks 90 percent drop in greenhouse emission by 2040
Strasbourg, France - The EU on Tuesday urged a 90-percent cut to its greenhouse gas emissions by 2040, even as the...
- The 27-nation European Union is already working towards an interim target of cutting greenhouse gas emissions by 55 percent by 2030.
- However, rising discontent could deal it a tougher time in trying to get the 2040 goal of 90 percent cuts adopted.
Geostrategy
Hamas hands response to Gaza truce deal to Egypt and Qatar
Hamas has for more than a week mulled the deal drawn up in its absence at Paris talks, as international...
- Qatari Prime Minister Mohammed bin Abdulrahman Al-Thani said Doha had received a "positive" response from Hamas to the truce plans.
- US Secretary of State Antony Blinken said he would bring a response from Hamas on a hostage deal to Israel on Wednesday and called it "essential" to move ahead.
Arts & Culture
Djokovic and Nadal to play 6 Kings Slam in Saudi Arabia
Riyadh, Saudi Arabia - Novak Djokovic and Rafael Nadal will headline a new exhibition tournament in Saudi Arabia, organizers said. The...
- The Serb and the Spaniard will be joined by Wimbledon champion Carlos Alcaraz and Australian Open winner Jannik Sinner at the event
- World number three Daniil Medvedev and seventh-ranked Holger Rune will also play the event in Riyadh in October, Saudi Arabia's latest foray into the sport