‘What wrong did he do?’ Gaza family mourn three-year-old shot dead
Gazan mother Amal Abu Shalouf ran her hand over her son's face and hair, a brief farewell before a man...
Geostrategy
Warner Brothers Discovery will split company to build streaming
The move, which reallocates assets such as HBO Max and CNN, is the latest reflection of how streaming is remaking...
Arts & Culture
Business
FedEx turnover rises to $23.5 bn
E-commerce growth has benefited the company.
- The company's turnover rose 14 percent to $23.5 billion, significantly more than expected by analysts, who had pegged it at $22.47 billion
- All the group's sectors benefited from the growth surge, from the urgent delivery service of FedEx Express to the ordinary transport of mail and parcels in FedEx Ground
Geostrategy
Deadline set for Iran reparations for downed Ukraine flight
The Canada-led International Coordination and Response Group had repeatedly asked Iran to meet in November to negotiate redress, but got...
- The Canada-led International Coordination and Response Group had repeatedly asked Iran to meet in November to negotiate redress, but got no reply
- Nearly two years after the crash, the group said Iran continues to demonstrate an "apparent reluctance" to come to the table
Economy
IMF examines Lebanon’s financial losses before aid program
Disagreements over the size of the losses between Lebanon's government, central bank, and banking sector contributed to the collapse last...
- The scope of the financial-sector losses of Lebanon are estimated at about $69 billion
- An IMF team will travel to Beirut early next year to continue discussions for aid to the country
Analysis
Saudi’s Prince Mohammed, a champion of moderate Islam, takes the reins
While Prince Mohammed has been considered the de facto leader since his appointment as heir to the throne in June...
- The crown prince has opened Saudi Arabia to tourists and foreign investments in an effort to diversify the economy
- He has overseen sweeping social changes, including allowing women to drive and work in the public sector
Geostrategy
Tunisia’s speaker Ghannouchi rejects extension of parliament freeze
President Kais Saied recently announced the extension of a suspension until Tunisians vote for a replacement assembly in December 2022. Saied said...
- On December 13, President Saied said he would call a constitutional referendum next July and that parliamentary elections would follow.
- In September this year, Saied brushed aside most of the 2014 democratic constitution to say he could rule by decree.
Economy
Lira plunges as Turkey cuts interest rate again
The Turkish lira on Thursday hit fresh lows after the central bank fired the latest salvo in President Recep Tayyip...
- The reduction of the main rate to 14 from 15 percent comes in the face of an annual inflation rate that has surged past 20 percent and is expected to climb even higher.
- A dollar could buy three liras in 2016 and 7.43 liras on January 1. It was worth 15.50 liras on Thursday after opening the week at around the 13.80 mark.
Geostrategy
Iran-linked hackers attack Israeli targets, says Tel Aviv firm
An Iran-linked hacking group attacked seven Israeli targets over a 24-hour period this week, an Israeli cyber-security firm said, in...
- The targets of the attack by the group called "Charming Kitten" included the Israeli "government and business sector", the firm said.
- Israel has been blamed for a series of cyber-attacks on Iranian infrastructure, including the country's fuel distribution system in October.
Geostrategy
Saudi Arabia sends humanitarian aid to Afghanistan, first after Taliban takeover
Saudi Arabia sent two aircraft carrying humanitarian aid to Afghanistan Thursday, state media reported, its first such initiative since the...
- The kingdom's state-run King Salman Humanitarian Aid and Relief Center (KSRelief) sent more than 65 tons of aid, including 1,647 food baskets.
- More than half of Afghanistan's 38 million people face "acute" food shortages, according to the United Nations.
Business
Reddit to go public
Reddit submits draft registration with the USSEC.
- The company said it had not yet determined the number of shares that will be offered nor the price range for the stock
- Created in 2005 by two students from Virginia, the discussion platform was bought in 2006 by Conde Nast, which publishes magazines such as Vogue, The New Yorker and Vanity Fair
Economy
Iraq economy outlook bleak after droughts and war, says study
The United Nations says about one-third of Iraq's population lives in poverty, despite the country's oil wealth. The effects of...
- Experts have warned that record low rainfall is threatening social and economic disaster in Iraq
- The situation in the war-scarred country is said to have been compounded by climate change
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
‘What wrong did he do?’ Gaza family mourn three-year-old shot dead
Gazan mother Amal Abu Shalouf ran her hand over her son's face and hair, a brief farewell before a man...
Geostrategy
Company News
Latest News
Paris stocks hit record thanks to luxury
Europe's main stock markets shot higher, with Paris closing at a record high as shares in LVMH surged on record...
Market Report
Education campaigners alarmed as homeschooling rises in England
LONDON, UK - Education campaigners demanded government action on Friday after new figures revealed that the number of children in England...
Geostrategy
Boeing faces heat over quality control after Alaska Airlines fiasco
The Alaska Airlines episode represents the most serious operational problem for Boeing since two crashes on 737 MAX 8 planes...
Business
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Geostrategy
WHO-Hamas collusion charges harmful, can endanger staff: Tedros
"WHO refutes Israel's accusation at the executive board meeting yesterday that WHO is in 'collusion' with Hamas and is 'turning...
- WHO chief Tedros was responding to claims made Thursday by Israeli ambassador Meirav Eilon Shahar at a meeting of the UN health agency's board
- Eilon Shahar had said Hamas was embedding itself in hospitals in the Gaza Strip and was using human shields in the Palestinian territory
Economy
US Federal Reserve’s favored inflation gauge rises before rate decision
The US Federal Reserve's favored measure of inflation ticked higher last month, according to government data published. The latest announcement...
- The closely watched "core inflation" measure, which strips out volatile food and energy costs, continued to ease.
- This will likely reassure the Fed that trends are moving in the right direction, despite the latest uptick in headline prices.
Geostrategy
‘Victory for justice’: World reacts to ICJ’s Gaza genocide case ruling
"Today marks a decisive victory for the international rule of law and a significant milestone in the search for justice...
- The (International) Court of Justice's decision is an important development which contributes to isolating Israel and exposing its crimes in Gaza," said Hamas.
- "Orders of the International Court of Justice are binding on the parties. The EU expects their full, immediate and effective implementation," EU said.