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
Trump due in Canada as G7 confronts Israel-Iran crisis, may consider joint stance
Trump has praised Israel's strikes, noting it used US weapons, even though Prime Minister Benjamin Netanyahu defied his public calls...
Geostrategy
Economy
Turkey inflation surges to near highest in 20 years
Independent data collected by Turkish economists suggested that the annual rate of inflation rose to more than 110 percent in...
- Erdogan staunchly opposes raising interest rates, which he believes cause inflation
- This is the exact opposition of conventional economic thinking
Arts & Culture
NFT museum opens its doors in United States
The Seattle NFT Museum features original artworks along with explanations of the technology behind them.
- The Seattle NFT Museum features original artworks along with explanations of the technology behind them
- "The point of a physical space is to make it easier for anyone to access," museum co-founder Peter Hamilton told AFP
Business
Europe clubs lost €7bn due to Covid-19 pandemic: UEFA
The latest UEFA study includes the consolidated results of these same 711 clubs for the year 2020, as well as...
- Gate receipts were decimated, sponsorship was down, and television rights receipts were hit
- Clubs are believed to have suffered a €4-billion hit in 2019-2020, and €3 billion in 2020-2021
Arts & Culture
Morocco closes ramshackle cinemas as pandemic hits hard
Only 27 theatres in Morocco remain open, relying heavily on state funding for renovations and digitizing films.
- Cinemas in Morocco struggle to emerge from the crisis despite $960,000 of funding for the Moroccan Centre for Cinematography
- Enthusiasts called for better protection for theater buildings, architectural treasures that bear witness to the kingdom's past
Geostrategy
Erdogan eyes Ukraine summit with Putin on Kyiv visit
The veteran Turkish leader's talks with his Ukrainian counterpart Volodymyr Zelensky come with Kyiv hesitant to accept US warnings that...
- The veteran Turkish leader's talks with his Ukrainian counterpart Volodymyr Zelensky come with Kyiv hesitant to accept US warnings that President Putin is preparing to invade
- Erdogan has also tried to talk down the prospects of war while pursuing his own diplomatic track separate from those followed by European leaders
Business
OPEC+ okays fresh modest oil output hike despite rising prices
The 23-nation OPEC+ group has said in a statement that it will increase production by 400,000 barrels per day in...
- OPEC+ is already struggling to meet its quotas, with some members unable to scale up their production
- Other members, such as Saudi Arabia and the United Arab Emirates, are unwilling to increase output
Arts & Culture
Iraq struggles to transform Saddam Hussein’s crumbling palaces
Iraq is struggling to transform hundreds of palaces built and used by former dictator Saddam Hussain.
- One of the many palaces of the Iraqi dictator in the southern city of Basra has been turned into an antiquities museum
- Iraq has more than 100 residences, villas, and other complexes from the Saddam Hussein-era
Geostrategy
Spotify posts $44.1m loss
The company reported a loss of $44.1 million in Q4 2021.
- The company announced a loss of $44.1 million and forecast its first-quarter 2022 gross profit margin would fall to 25 percent from 26.5 percent
- The company, however, pointed to "continued momentum in our subscription business and meaningful advertising results
Geostrategy
UAE reports new drone attack as US to send warship, jet
The United Arab Emirates on Wednesday said it prevented another drone attack over its territory, after Washington said it will...
- The latest attack follows missile and drone assaults the Houthis said they carried out this year in which three people have been killed
- The rebel attacks on the UAE have added a new dimension to Yemen's long-running war, which has killed an estimated 377,000 people directly or indirectly
Business
Rivals Turkey and Armenia to resume commercial flights
Historic rivals Turkey and Armenia were due Wednesday to resume their first commercial flights in two years as part of...
- Armenia and Turkey have no diplomatic relations, a closed land border and a long history of hostility rooted in the mass killing of Armenians
- The first flight run by Moldova's low-cost carrier FlyOne was expected to land on Wednesday evening at Istanbul Airport from Yerevan
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
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
Company News
Latest News
Turkey’s inflation 65% in Jan, piles pressure on central bank
Istanbul, Turkey - Turkey's annual inflation rate stayed stable in January at nearly 65 percent, but month-on-month consumer price increases jumped...
Economy
European markets surge as US jobs data batter rate cut hopes
"The markets continue to forge ahead despite a blowout jobs report from the US last Friday which seems to have...
Business
Gaza situation ‘indescribable’ as Blinken starts another Mideast tour
On his fifth trip to the region since the war broke out, Blinken will visit Saudi Arabia, Israel and mediators...
Geostrategy
Most Read
Business
Boeing spots new ‘problems’ in 737
The fuselage problems could slow down deliveries.
- Boeing Commercial Airplanes chief executive Stan Deal said, "This past Thursday, a supplier notified us of a non-conformance in some 737 fuselages"
- Deal said employees offered suggestions on more than 1,000 improvements since a series of training events following the January 5 incident
Business
Societe Generale to slash 900 jobs
The bank employs 117,500 people around the globe.
- The bank said that five percent of its head office staff would be cut as part of organizational changes
- The slashing will be carried out "through internal transfers, end-of-year support or voluntary departures"
Geostrategy
Russian president to make ‘imminent’ visit to Turkey
Turkey's President Recep Tayyip Erdogan has managed to maintain trade and political relations with both Ukraine and Russia, allowing Russia...
- Turkey's media have mentioned February 12 as a likely date of Putin's visit
- The war in Gaza, energy, Black Sea trade routes and Syria will likely be discussed