MENA brief Jun 13: Prince Salman to skip G7 meet, OpenAI in funds talks with PIF
In the financial sector, Fitch Ratings has projected a notable uptick in mergers and acquisitions within Saudi Arabia’s insurance industry....
Geostrategy
Volvo Cars posts profit
Business
Mercedes-Benz profit slumps
Business
UN to vote on calling for unconditional Gaza ceasefire
Like the text blocked by Washington to protect its Israeli allies, the draft resolution before the General Assembly calls for...
Geostrategy
Geostrategy
Lebanon town warns of looming heating tragedy
Arsal town is home to 70,000 Syrian refugees. The cost of fuel families need to power their stoves has risen...
- Dozens of displaced people in Syria and refugees in Lebanon have died from the cold and accidents caused by unsafe heating devices, including in Arsal.
- Bankrupt Lebanon can no longer provide electricity nor subsidised fuel for its own citizens, let alone for the estimated 1.5 million Syrian refugees.
Geostrategy
Palestinian killed by Israel army in West Bank: Medics
A Palestinian was killed by the Israeli army in the occupied West Bank early Thursday, Palestinian medical and security sources said....
- Bakir Hashash, 21, of the Balata refugee camp, was shot in the head after the Israeli army entered an area east of the northern city of Nablus to make arrests,
- Clashes break out frequently in Palestinian population centres in the West Bank when Israeli troops mount incursions to carry out arrests.
Market Report
Fed signals faster rate hikes, Asian, European stocks sink
London's benchmark FTSE 100 index slid 1.0 percent to 7,445.04 points, after heavy losses earlier in Asia and overnight on...
- London's benchmark FTSE 100 index slid 1.0 percent to 7,445.04 points, after heavy losses earlier in Asia and overnight on Wall Street
- "Everyone is concerned about the Fed's fast and furious monetary policy stance," AvaTrade analyst Naeem Aslam told AFP
Business
France hits Google, Facebook with huge fines over ‘cookies’
Cookies are little packets of data that are set up on a user's computer when they visit a website, allowing...
- Cookies are little packets of data that are set up on a user's computer when they visit a website, allowing web browsers to save information about their session
- They are highly valuable for Google and Facebook as ways to personalise advertising -- their primary source of revenue.
Geostrategy
Jordan king meets Israeli defence minister to discuss regional security
Israel's government said talks "focused on security and policy topics", during which Gantz thanked the king for playing a "critical...
- Visits by Israeli officials to Jordan have increased since the coalition government of Prime Minister Naftali Bennett took power in June
- Israel has long maintained ties with Jordan, in a region that has traditionally been largely hostile due to the conflict between the Jewish state and the Palestinians
Geostrategy
Saudi-led coalition threatens Yemen’s rebel-held ports
A Saudi-led military coalition threatened Tuesday to target Yemen's rebel-held ports after Huthi fighters seized a UAE-flagged ship -- unless...
- On Monday, the pro-Iran Shiite Huthi rebels based in the key Red Sea port of Hodeida seized the Emirati-flagged Rwabee ship claiming it contained military materials.
- Saudi Arabia intervened in Yemen's war in 2015 to support the internationally-recognized government against the Huthis.
Geostrategy
Hunger-striking Tunisia politician fighting for life: Supporters
Tunisian former justice minister Noureddine Bhiri, who has been refusing food or medication since his arrest last week, was arrested...
- A member of Bhiri's support committee said the former minister was suffering from kidney problems, as well as a longstanding heart condition and diabetes.
- The Ennahdha party, of which Bhiri is deputy chairman, played a central role in Tunisian politics until a power grab by President Kais Saied last year.Â
Business
Japan tuna fetches $145,000 as Covid-19 affects year’s first auction
The buyer hoped that the first purchase would 'brighten' a Covid-hit 2022 for customers.
- The price paid for a tuna at the first auction of the year at the Toyosu fish market fell for the third year running
- The first tuna auction of the year in Tokyo is a closely watched affair where enormous sums are often paid
Business
Sony arm to make EVs
The Sony Mobility subsidiary will be created in spring 2022.
- The Japanese firm Sony announced the founding of a new EV company to dive into the world of electric mobility
- Sony's Vision-S electric vehicle, with internal and external sensors, is being used to test autonomous driving technologies
Geostrategy
Iraq’s pro-Iran Hashed take centre stage in soft power play
The events of the play stretch from the dawn of time to more recent events including Washington's killing of Iranian...
- The events of the play stretch from the dawn of time to more recent events including Washington's killing of Iranian general Qasem Soleimani
- Iran and its allies across the Middle East have in recent days held emotional commemorations for Soleimani
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
MENA brief Jun 13: Prince Salman to skip G7 meet, OpenAI in funds talks with PIF
In the financial sector, Fitch Ratings has projected a notable uptick in mergers and acquisitions within Saudi Arabia’s insurance industry....
Geostrategy
Company News
Volvo Cars posts profit
Business
Mercedes-Benz profit slumps
Business
Latest News
Kuwait’s new emir makes first foreign trip to Saudi
Crown Prince Mohammed bin Salman, the 38-year-old de facto ruler of Saudi Arabia, greeted Sheikh Meshal at the airport in...
Geostrategy
Norway’s sovereign wealth fund posts record US$213bn profit
Oslo, Norway - Norway's sovereign wealth fund, the world's biggest, said Tuesday it raked in a record profit of 2.2 trillion...
Business
Former Pakistan PM Imran Khan handed 10-year prison term
Islamabad, Pakistan - Former Pakistan prime minister Imran Khan was sentenced on Tuesday to 10 years in prison, less than two...
Geostrategy
Most Read
Arts & Culture
Over 70 percent of musicians fear AI, says French-German study
PARIS, FRANCE - More than two-thirds of musicians fear that artificial intelligence will make it impossible to make a living, according...
- The report found that 35 percent were already using AI in a "large number of areas related to music creation".
- The report added that estimated incomes would fall 27 percent by 2028, equivalent to some US$2.9 billion.
Business
Pfizer reports loss in Q4
The drugmaker's revenues fell 41 percent to $14.2 billion.
- The drugmaker lost $3.4 billion in the fourth quarter, compared with profits of $5.0 billion in the year-ago period
- Pfizer reiterated its 2024 revenue forecast of $58.5-$61.5 billion after 2023 revenues came in at $58.5 billion
Arts & Culture
Iran ‘following dreams’ in trying to win first Asian Cup since 1976
Doha, Qatar - Iran are "following our dreams" in trying to win the Asian Cup for the first time in 48...
- Three-time champions Iran face Syria in Qatar with a quarter-final against Bahrain or pre-tournament favorites Japan up for grabs
- Along with holders Qatar, Iran are the only team left in the competition who went through the group stage with a 100 percent record