‘Nothing left’: Israelis grapple with damage from Iran strike
Bat Yam, Israel -- A shocked Julia Zilbergoltz said she had never experienced anything like the Iranian missile strike that...
Geostrategy
UK moving assets, jets, to Middle East amid Iran crisis, says Starmer
Britain is deploying assets, including fighter jets, to the Middle East amid tensions between Iran and Israel, UK Prime Minister...
Geostrategy
Geostrategy
Israeli president to visit Turkey in February: Erdogan
Israeli President Isaac Herzog will pay an official visit to Turkey in February, Turkish leader Recep Tayyip Erdogan announced on...
- In recent months, however, the two countries have been working on a rapprochement, with Erdogan holding telephone talks with Herzog
- Relations between Turkey and Israel froze over after the death of 10 civilians in an Israeli raid on a Turkish flotilla in 2010
Samsung profit up 53%
High memory chip prices helped the company.
- The world's biggest smartphone maker said its operating profit rose to 13.87 trillion won ($11.55 billion) for the October-December period in 2021
- Thanks to high memory chip prices and strong consumer demand, Samsung had its highest annual sales of 279.6 trillion won in 2021
Business
Intel sales hit record on chip demand as shortage lingers
Intel on Wednesday said 2021 was a record year for sales at the chip maker as it navigated unprecedented demand...
- Intel revenue for last year tallied $79 billion, some $20.5 billion of which it took in during the final three months
- Profit for 2021 totaled $19.9 billion, about five percent less than the net income in the prior year
Business
Crown Prince Salman-headed Group to develop Saudi gaming industry
Saudi Arabia has launched a group to develop its video gaming industry, state media reported Wednesday, as the kingdom seeks...
- Video gaming and esports have grown in popularity in the kingdom of some 35 million people, the majority of whom are under the age of 25.
- Saudi Arabia's games market reached $1 billion in 2021, the highest value among the Arab countries of the Gulf.
Business
Boeing reports $4bn loss
Boeing reported a hefty fourth-quarter loss Wednesday on mounting costs associated with the widebody 787, of which it has suspended...
- The US aviation giant accounted for a total of $3.8 billion in one-time expenses associated with compensating airlines for delayed deliveries
- Those costs were the biggest factor in the company's $4.1-billion quarterly loss
Economy
Lebanon to import power from Jordan via Syria to boost ailing grid
The agreement signed by Energy Minister Walid Fayad with his Jordanian and Syrian counterparts is expected to give Lebanon two...
- Lebanon has not had round-the-clock mains electricity since the end of the 1975-1990 civil war.
- But an unprecedented financial crisis has led to power cuts lasting 22 hours a day, forcing most Lebanese to rely on expensive private generators.
Economy
Turkey and Greece count the political cost of blizzard
Turkey's main airport stirred back to life on Wednesday and Greece's under-fire prime minister issued a formal apology as the...
- Public anger has been boiling over in both countries over officials' seeming helplessness in the face of one of the heaviest snowstorms in years
- The Greek government woke up on Wednesday to newspaper headlines lamenting a "fiasco"
Arts & Culture
Israeli film revisits 1948 massacre of Palestinians
Israeli director Alon Schwarz concedes he might face a backlash over his documentary, but says the Jewish state's citizens need...
- After the film's release, the Palestinian foreign ministry called for "an international commission of inquiry" into the "crimes and massacres".
- The film in part focuses on Theodore Katz, who as a masters history student in the 1990s collected testimonies -- from ex-Israeli soldiers and Arab witnesses.
Geostrategy
Iran arrests 17 for filming candid camera horror pranks
Iranian police have arrested 17 university graduates on suspicion of filming candid camera horror pranks that boosted their social media...
- Gags included mock murders and a suicide as well as throwing cakes in the faces of passengers on the escalators of the Tehran metro
- The author of the gag filmed on the Tehran metro was open about his motives
Business
Istanbul’s snowed-in airport stirs back to life
Istanbul Airport closed on Monday for the first time since it took over from the old Ataturk Airport as the...
- Istanbul Airport closed on Monday for the first time since it took over from the old Ataturk Airport as the global hub of Turkish Airlines in 2019
- Fuming passengers complained on Twitter about a lack of regular updates from Turkish travel officials and poor customer service
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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
‘Nothing left’: Israelis grapple with damage from Iran strike
Bat Yam, Israel -- A shocked Julia Zilbergoltz said she had never experienced anything like the Iranian missile strike that...
Geostrategy
Company News
Disney to buy stake in Hulu
Business
Latest News
Civilians among 16 killed in Iraq by US strikes on pro-Iranian group
The strikes hit "locations in the Akashat and Al-Qaim regions, including areas where our security forces are stationed", Awadi said....
Geostrategy
No Middle East escalation, urges EU foreign policy chief after US strikes
European Union foreign policy chief Josep Borrell called on all parties to avoid further escalation in the Middle East after...
Geostrategy
Deadly strikes hit ‘pressure cooker’ Rafah ahead of Gaza truce push
Hundreds of thousands of displaced Palestinians have fled south to Rafah since the outbreak of the war, with the former...
Most Read
Yemeni Houthis claim missile strike on Israel
The attack was the latest in a series of drone and missile strikes launched by the Houthis since the start...
- Houthi forces "carried out a military operation against specific targets of the Israeli enemy in the Umm al-Rashrash area with a number of ballistic missiles", Yahya Saree said
- The Israeli military had said earlier it had "successfully intercepted a surface-to-surface missile that approached Israeli territory in the area of the Red Sea"
Economy
Ex-Amazon economist to head Turkey’s central bank
Erkan resigned just a week after completing a historic series of interest rate hikes that have pushed the baseline rate...
- Fatih Karahan's appointment follows the resignation of Hafize Gaye Erkan after less than a year in office over a media scandal involving her family
- The reshuffle appears to keep in place Erdogan's newfound commitment to market economics following years of financial turmoil
Geostrategy
US retaliatory strikes hit Iran-linked targets in Syria, Iraq
"The United States does not seek conflict in the Middle East or anywhere else in the world. But let all...
- The United States did not strike the Iran's territory seeking to deter future attacks while stopping short of all-out war with Tehran
- US NSC spokesman John Kirby told journalists that the strikes lasted about 30 minutes though they involved a lengthy trip for the B-1 bombers