Boeing lowers 2044 global air fleet outlook amid supply chain woes
New York, United States -- The global commercial aviation fleet will stand just under 50,000 planes in 2044, with most...
Economy
UN conference on Palestinian statehood delayed: Macron
Paris, France - French President Emmanuel Macron said on Friday that next week's UN conference on a two-state solution for...
Geostrategy
Business
Covid restrictions hit spending, slowing eurozone growth
Economic growth in the eurozone slowed sharply in January, a key survey showed Monday, as new coronavirus restrictions hit consumer...
- IHS Markit said that the sky-high caseloads for the highly contagious Omicron variant had disrupted consumer-facing services through staff absences
- Tourism, travel and recreation were "especially hard hit", said Chris Williamson, chief business economist at IHS Markit
Business
Israel Cabinet to probe submarine procurement corruption
Prime Minister Naftali Bennett, who ousted Benjamin Netanyahu in June, abstained from the vote to set up the inquiry, citing...
- The Israeli cabinet voted to establish a formal inquiry into the "submarine affair," which concerns a multibillion-shekel deal to acquire vessels from Thyssenkrupp
- David Shimron, Netanyahu's personal lawyer and cousin, was charged with money laundering in connection with the 2012 naval procurement
Business
Evergrande undergoes rejig
A state firm official was appointed to the Chinese firm’s board.
- Evergrande has been teetering on the brink for months owing to its struggles in servicing a debt pile of more than $300 billion
- However, its shares ended up nearly 4 percent higher on Monday after news emerged of government intervention in its operations
Geostrategy
Taliban, Western envoys meet for Oslo talks
A Taliban delegation headed by Foreign Minister Amir Khan Muttaqi is meeting representatives of the US, France, Britain, Germany, Italy,...
- The closed-door discussions, facilitated by Norway, are being held at the Soria Moria Hotel, on a snowy hilltop outside Oslo
- The Taliban met with Afghan civil society members, including women activists and journalists during the first day of the Norway visit
Geostrategy
Omicron led Covid-19 to endemic stage in Europe: WHO
Omicron leads to less severe infection among vaccinated people, has raised long-awaited hopes to bring an end to Covid-19 pandemic.
- Omicron could infect 60 percent of Europeans by March according to WHO
- Covid-19 is starting to shift from a pandemic to a more manageable endemic illness like seasonal flu
Geostrategy
Palestine minister holds first meet with Israel foreign minister
This was the first such encounter between the Jewish state's current foreign minister and a Palestinian official. The Israeli foreign...
- In late December, Israeli Defense Minister Benny Gantz hosted talks with Mahmud Abbas on the latter’s first visit to Israel since 2010
- At that time, Israel's defense ministry announced ‘confidence-building measures’ with the Palestinian Authority
Business
Chabahar trade zone chief arrested in Iran
Prosecutor has placed Abdorahim Kordi in custody, citing a statement from the intelligence branch of Iran's Revolutionary Guards.
- The director general of Iran's Chabahar Free Zone has been arrested for "major offences"
- Chabahar was the only Iranian port with exemptions when US reimposed unilateral sanction in 2018
Geostrategy
Kuwait steps in to undo Lebanese rift with its Arab neighbors
Kuwait's foreign minister said Sunday that he has given Lebanese authorities a list of suggested measures to be taken to...
- The visit is part of wider efforts to restore trust between Lebanon and its Gulf Arab neighbors
- Lebanon's Foreign Minister Abdallah Bou Habib will visit Kuwait at the end of the month
Turkey detains TV journalist for insulting president
Turkey has detained a well-known television journalist for comments she made on air about President Recep Tayyip Erdogan, her lawyer...
- Police detained Sedef Kabas at her home at 2:00 am on Saturday, just hours after she aired the comments and then posted them on Twitter to her 900,000 followers
- The crime of insulting the president carries a jail sentence of one to four years in Turkey
Geostrategy
Iran urges people to dress warmly to cut gas use
Iran has the world's second largest gas reserves after Russia, and the fourth largest oil reserves. Gas is almost free...
- The record consumption was 748 million cubic meters on November 22, 2021.
- Oil Minister Javad Owji asked people to save gas consumption so that we can pass the next 10 days "without any problem".
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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
Boeing lowers 2044 global air fleet outlook amid supply chain woes
New York, United States -- The global commercial aviation fleet will stand just under 50,000 planes in 2044, with most...
Economy
Company News
Latest News
Iraq’s pro-Iran Al-Nujaba group to continue attacks on US troops
"Any (US) strike will result in an appropriate response," Al-Nujaba leader Akram al-Kaabi said in a statement, adding the group...
Geostrategy
Most markets advance after tech titans fuel Wall Street surge
Shares in Amazon, Apple and Facebook owner Meta all climbed during Thursday's session. All three companies were due to report...
Business
China economic slowdown to continue for the next four years, says IMF
BEIJING, CHINA - China's economic slowdown is likely to persist in the coming years as the Asian giant struggles with sagging...
Economy
Most Read
Geostrategy
UN estimates at least 17,000 Gaza children separated from parents
"Each one has a heartbreaking story of loss and grief," said Jonathan Crickx, spokesman for the UN children's agency UNICEF...
- Before the conflict erupted, UNICEF estimated that more than 500,000 children in the Gaza Strip needed mental health and psycho-social support.
- Now it believes that "almost all children are in need" of such help -- more than one million children, said Jonathan Crickx, spokesman UNICEF in the Palestinian territories.
Arts & Culture
Hosts Qatar embrace ‘positive pressure’ of Asian Cup title defense
Doha, Qatar -- Qatar coach Tintin Marquez said Friday they relish the "positive pressure" of trying to retain their Asian Cup...
- The hosts and holders won all three of their games in the group phase without conceding a goal and then defeated Palestine 2-1 in the last 16.
- Qatar face Uzbekistan on Saturday in front of what is expected to be a packed crowd at the 68,000-capacity Al Bayt Stadium outside Doha.
Geostrategy
North Korea prepares for conflict as Kim inspects warships
The North Korean leader has in recent weeks declared South Korea his country's "principal enemy", jettisoned agencies dedicated to reunification...
- The country last year launched what it called its first "tactical nuclear attack submarine"
- Experts said the vessel seemed to be modified from an existing diesel-electric submarine