Oil prices jump after Trump’s warning, stocks extend gains
Oil prices rallied Tuesday after Donald Trump urged Tehran residents to evacuate, stoking fresh fears of all-out war as Israel...
Economy
WhatsApp introduces first major advertising features
San Francisco, United States -- WhatsApp announced Monday it will introduce its boldest advertising features yet, marking a significant shift...
Business
Business
EU joins chips race with 42 bn euro bid to rival Asia
The production of semiconductors, also known as chips, has become a strategic priority in Europe as well as the United...
- The production of semiconductors, also known as chips, has become a strategic priority in Europe as well as the United States, after the pandemic choked off supply
- The manufacturing of chips overwhelmingly takes place in Taiwan, China and South Korea and the European Union's 27 member states
Geostrategy
Abbas loyalists win top leadership post at PLO
According to analyst, PLO is loosing its popularity among Palestinian people as many are frustrated over its failures to hold...
- Rawhi Fattouh was elected to chair the PLO's parliament, while Hussein al-Sheikh and Mohamed Mustafa take executive committee seats
- New PLO secretary general and chief negotiator with Israel, the two key posts held by Saeb Erekat who died in 2020 of Covid-19 remain vacant
Arts & Culture
‘Hey Jude’ NFT fetches $77k at auction
Originally entitled "Hey Jules", the Fab Four's hit was written in 1968 by Paul McCartney to comfort a young Julian...
- Originally entitled "Hey Jules", the Fab Four's hit was written in 1968 by Paul McCartney to comfort a young Julian Lennon during father John's separation from his mother
- The NFT version of the notes was presented as an animation in which the words are progressively inscribed on the page and was accompanied by an audio commentary from Lennon junior
Business
‘Jail restaurant’ in Iran frees bad-debt inmates
Two Iranian ex-prisoners have opened a ‘jail restaurant’ to help raise funds to free convicts who are behind bars for...
- In Iran, bounced cheques, or failure to pay agreed dowries or bank loans results in jail time until the money is repaid
- More than 11,000 Iranians are in jail for failing to repay debts: almost 5 percent of Iran's prison population
Geostrategy
Morocco reopens airspace after two-month virus shutdown
Morocco reopened its airspace on Monday in a bid to breathe life into its crisis-hit tourism sector, two months after...
- The move was welcomed by tourism businesses who have suffered two lost years due to the pandemic, as well as by Moroccans stranded abroad.
- Passengers heading to the kingdom will still need to show proof of vaccination against the Covid-19 illness and a negative PCR test within the past 48 hours.
Geostrategy
UAE delegation makes first visit to Israel’s parliament
Three members of the United Arab Emirates' Federal National Council visited Israel's parliament Monday, becoming the first Emirati delegation there...
- Prior to the visit to the Knesset, the Emirati delegation visited Yad Vashem, Israel's Holocaust memorial
- The UAE became the third Arab nation to normalize ties with Israel after Egypt and Jordan, a move that angered the Palestinians as it recognized the Jewish state
Geostrategy
Turkey orders arrest of Olympic swimmer for mocking Erdogan
Turkish prosecutors on Monday issued an arrest warrant for a former Olympic swimmer over tweets appearing to express relief that...
- Erdogan, 67, said he had a "mild" infection on Saturday and was working from home
- The crime of insulting the Turkish president is punishable by up to four years in jail
Geostrategy
Talks to revive 2015 Iran nuclear deal to resume in Vienna
Parties to the deal have been negotiating in Vienna since last year with indirect US participation. Talks were most recently...
- Former US president Donald Trump unilaterally withdrew from the pact in 2018 and reimposed tough economic sanctions on Iran.
- Iran said the answers "the United States brings tomorrow to Vienna will determine when we can reach an agreement".
Business
Toshiba to split into 2 firms
This is a revision of an earlier proposal to divide into three companies.
- Toshiba aimed to complete the split in the second half of the 2022-23 financial year
- Toshiba has revealed its deal worth some $867 million to sell air-conditioning subsidiary Toshiba Carrier to the US-based Carrier Corporation
Economy
Australia to reopen borders to tourists on February 21
Every month of border closures has cost businesses an estimated US$2.6 billion, according to the Australian Chamber of Commerce and...
- Every month of border closures has cost businesses an estimated US$2.6 billion, according to the Australian Chamber of Commerce and Industry
- In recent months, rules have been gradually relaxed for Australians, long-term residents and students
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
Oil prices jump after Trump’s warning, stocks extend gains
Oil prices rallied Tuesday after Donald Trump urged Tehran residents to evacuate, stoking fresh fears of all-out war as Israel...
Economy
Company News
Latest News
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...
Arts & Culture
Most Read
Economy
QatarEnergy signs LNG deal with Petronet
QatarEnergy will supply 7.5m tons of LNG per year to Petronet.
- Qatar is one of the world's top LNG producers alongside the United States, Australia and Russia.
- The first deliveries of gas to India by QatarEnergy's LNG fleet are due from May 2028.
Business
BP posts US$15.2bn net annual profit
It will deliver US$1.75bn in buybacks for Q4 of last year.
- Its profit after tax surged to $15.2 billion last year from a net loss of $2.5 billion in 2022
- The bumper profit came after slumping into a loss the prior year on its exit from Russia
Business
Toyota expects to book profit of US$30bn
Its third-quarter net profit jumped to US$7 billion.
- The weak yen is also boosting earnings for the auto titan, which now expects to book a net profit of 4.5 trillion yen ($30 billion) this financial year
- Last week, Toyota announced record vehicle sales of 11.2m across its brands in 2023, maintaining its crown as the world's top-selling automaker