Sharjah’s real estate sector records $1.49bn in transactions during May
Sharjah, UAE -- Sharjah's real-estate market during May 2025 recorded a total of 8,415 transactions worth AED 5.5 billion. Of...
Business
EU removes UAE from ‘high-risk’ money-laundering list, adds Monaco
The European Commission said it added Algeria, Angola, Ivory Coast, Kenya, Laos, Lebanon, Namibia, Nepal and Venezuela, along with Monaco,...
Geostrategy
Geostrategy
UN agency says to cut food aid to Yemen for want of funds
Yemen has been devastated by a civil war between the Saudi-backed government and Iran-backed Huthi rebels since 2014.
- Yemen has been devastated by a civil war between the Saudi-backed government and Iran-backed Huthi rebels since 2014
- The fighting has killed tens of thousands, displaced millions and left some 80 percent of Yemenis dependent on aid
Geostrategy
Syria war killed 3,700 in 2021, lowest annual toll
According to figures compiled by the Syrian Observatory for Human Rights, 1,505 of them were civilians and among those 360...
- According to figures compiled by the Syrian Observatory for Human Rights, 1,505 of them were civilians and among those 360 were children
- The figure is by far the lowest tally since the start of the war in Syria and confirms a downward trend that saw 6,800 people killed last year and just over 10,000 in 2019
Geostrategy
Natural gas prices hit fresh record peaks on strong winter demand
European and UK gas prices rocketed Tuesday to all-time highs on strong winter demand and simmering geopolitical tensions between key...
- European and UK markets beat previous records from October. They are currently about eight times greater than at the start of 2021.
- Runaway spot gas prices, alongside other buoyant commodities including crude oil, have fueled mounting concern about spiking inflation worldwide.
Economy
Lebanon needs $12-15 billion to kickstart recovery: Central Bank
Lebanon needs to receive 12 to 15 billion dollars from its partners to kickstart its economic recovery and shore up...
- Lebanon is grappling with an unprecedented economic crisis branded by the World Bank as one of the planet's worst in modern times.
- Lebanon defaulted on its debt for the first time last year but political leaders have continued to resist key reforms demanded by donors to unlock necessary funds.
Geostrategy
Qatar seizes rainbow-colored toys it deems ‘un-Islamic’
Authorities in Qatar, host of next year's football World Cup, have confiscated a line of children's toys from stores deeming...
- The ministry of commerce and industry "carried out inspection campaigns on several retail outlets in different regions across Qatar.
- Qatar hosted the Arab Cup recently and has started preparations for hosting the World Cup next year.
Economy
Foreign shoppers swarm Turkey after lira crash, rush likely to increase
Local traders say that the number of foreign shoppers has risen four to fivefold. Turkey's lira has crashed after Erdogan...
- Some of Europe's poorest countries -- go to stock up on everything from underwear to walnuts at a fraction of their cost back home
- Erdogan is betting that a cheap lira will create exports-driven growth that puts Turkey on a path followed by China during an economic transformation
Economy
China Mobile eyes Shanghai IPO
China Mobile is set to raise $7.64 billion in share listing.
- The 48.7 billion yuan initial public offering would be one of the largest on China's domestic stock markets for a decade
- China's largest wireless carrier by revenue was removed from the New York Stock Exchange this year along with fellow state-owned telecoms firms China Telecom and China Unicom
Science
Omicron now dominant in US as WHO urges greater effort to end pandemic
Omicron now accounts for 73.2 percent of new US cases over the past week ending Saturday.
- Omicron now accounts for 73.2 percent of new US cases over the past week ending Saturday
- Early data suggests Omicron could be more infectious and possibly have higher resistance to vaccines
Economy
Turkish lira makes rare gains on ‘indirect’ rate hike
Turkey's troubled lira on Monday pared back some of its historic losses after President Recep Tayyip Erdogan announced new currency...
- Erdogan announced a complex series of measures Monday aimed at boosting the lira
- The lira reversed a 10 percent loss Monday into a 10 percent gain after Erdogan's announcement
Arts & Culture
Over 700,000 flock to Saudi Arabia’s top music festival
Record crowds of over 700,000 revelers flocked to Saudi Arabia's MDLBeast Soundstorm music festival, authorities said Monday, at the end...
- The festival, which ended on a Sunday, comes as Saudi Arabia sees a spike in coronavirus cases amid increased fears over the spread of Omicron
- The festival has since its launch in 2019 witnessed large crowds, most of them young men and women, who can freely mingle and dance to western music.
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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
Sharjah’s real estate sector records $1.49bn in transactions during May
Sharjah, UAE -- Sharjah's real-estate market during May 2025 recorded a total of 8,415 transactions worth AED 5.5 billion. Of...
Business
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Baghdad, Washington to discuss removal of foreign troops from Iraq
Baghdad, Iraq - Iraq and the United States on Saturday held a "first round" of talks on the future of American...
Geostrategy
Firing by gunmen in Iran leaves nine foreign nationals dead
Tehran, Iran - Gunmen in southeastern Iran near the Pakistan border killed nine foreign nationals on Saturday, Iranian media reported, more...
Geostrategy
Biden talks to Qatar’s emir on efforts to free Hamas hostages
The exchange came as the head of the CIA is to meet in Europe with his counterparts from Israel and...
Geostrategy
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Geostrategy
Australia, Canada stop UN agency funding after Israeli allegations
Australia and Canada have suspended their funding to the UN agency for Palestinian refugees, after Israel accused several employees of...
- "We are speaking with partners and will temporarily pause disbursement of recent funding," Australian Foreign Minister wrote on social media platform X.
- Canada's International Development Minister announced that Ottawa had “temporarily paused any additional funding to UNRWA”.
Business
Alaska Airlines’ Boeing 737 MAX9 resumes flight
The voyage comes after the Federal Aviation Administration on Wednesday announced a maintenance and inspection program to clear the MAX...
- The first trip was flight 1146 from Seattle to San Diego, which left 90 minutes past its scheduled 2:20 pm departure time and arrived in California at 6:14 pm
- Alaska Airlines said it expects inspections on its fleet of 65 MAX 9 planes to be completed by the end of next week, allowing for a resumption of its schedule
Science
‘Game changer’: Gene therapy offers hope for children born deaf
Paris, France - A gene therapy that has allowed several children born deaf to hear for the first time is being...
- Several medical teams around the world are trialling the procedure, which focuses on a rare genetic mutation that affects only a small number of the 26 million people
- On Tuesday, the Children's Hospital of Philadelphia revealed that 11-year-old Aissam Dam, who was born deaf, was now "literally hearing sound for the first time in his life."