Netanyahu says to visit New York despite Mamdani arrest threat in compliance with ICC warrant
Israeli Prime Minister Benjamin Netanyahu said Wednesday he still planned to visit New York despite incoming mayor Zohran Mamdani's threats...
Geostrategy
Global coal demand expected to hit record in 2025: IEA
In its annual report on the coal industry, the International Energy Agency said demand was on course to rise by...
Geostrategy
Geostrategy
‘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...
- "Amir, my love, my dear!" cried his mother, struggling to cross the crowded courtyard of Nasser Hospital in Khan Yunis
- The grieving mother, comforted by relatives, said her young son had been begging for food in recent days and dreaming of a piece of meat
Geostrategy
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,...
- In addition to the UAE, it removed Barbados, Gibraltar, Jamaica, Panama, the Philippines, Senegal and Uganda.
- The moves come after a money-laundering watchdog said in February it had removed the Philippines from its list of countries that face increased monitoring.
Business
ADNOC Gas announces $5 billion investment in Rich Gas Project
Abu Dhabi, UAE -- ADNOC Gas announced Tuesday it has made a final investment decision on the first phase of...
- UK-based firm Wood secured the largest tranche, valued at $2.8 billion, for work at the Habshan facility.
- Petrofac will lead a $1.2 billion project for the Das Island facility, while Kent Plc will manage a $1.1 billion project covering the Asab and Buhasa sites.
Science
IBM claims ‘real world’ edge in quantum computing race
San Francisco, United States -- Technology veteran IBM on Tuesday laid out a plan to have a "practical" quantum computer...
- Current quantum computers are still experimental and face significant challenges, including high error rates.
- Companies like IBM, Google, and others are working to build more stable and scalable quantum systems.
Economy
World Bank cuts growth forecast on trade tumult, warns of ‘deep’ harm
The bank lowered its projection for global GDP growth to 2.3 percent in its latest economic prospects report, down from...
- "That's the weakest performance in 17 years, outside of outright global recessions," said World Bank Group chief economist Indermit Gill.
- By 2027, the World Bank expects global GDP growth to average 2.5 percent in the 2020s, which would be the slowest rate in any decade since the 1960s.
Arts & Culture
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...
- The entertainment giant will break itself into two publicly traded companies: one covering "Streaming & Studios" and the other "Global Networks."
- The shift, designed to enable each venture to "maximize its potential," is expected to be completed by mid-2026, the company said
Science
Gaza’s Al-Amal hospital ‘virtually out of service’: WHO
The Al-Amal Hospital in Gaza, one of the few still operating in the Palestinian territory, is now "virtually out of...
- Tedros said two emergency medical teams - one local, the other international - "are still doing their best to serve the remaining patients
- "With the closure of Al-Amal, Nasser Medical Complex is now the only remaining hospital with an intensive care unit in Khan Younis," he said
Geostrategy
Israel says Gaza-bound aid boat activists awaiting deportation after their vessel intercepted
Swedish campaigner Greta Thunberg and other activists detained aboard a Gaza-bound aid boat have been taken to a Tel Aviv...
- The activist group departed Italy on June 1 aboard the Madleen carrying food and supplies for Gaza, whose entire population the UN has warned is at risk of famine
- "The passengers of the 'Selfie Yacht' arrived at Ben Gurion Airport to depart from Israel and return to their home countries," the Israeli foreign ministry said on X
Geostrategy
Trump warns of decision time as Iran prepares nuclear counter-proposal
In a key sticking point, Iran has insisted on the right to enrich uranium at low levels for civilian use...
- Trump spoke by telephone with Israeli Prime Minister Benjamin Netanyahu, whose office said the US leader informed that he had made a "reasonable offer" to Iran
- Netanyahu has threatened to strike the nuclear sites of Iran, whose cleric-run government he sees as Israel's existential enemy, but Trump has said he has held him back
Economy
Saudi Arabia’s real GDP grows by 3.4 percent in Q1 mainly on non-oil activities
Riyadh, Saudi Arabia -- Saudi Arabia’s first quarter real Gross Domestic Product (GDP) grew by 3.4 percent year-on-year, according to...
- Sectors such as wholesale and retail trade, restaurants, and hotels led the way, recording an impressive 8.4% annual growth, reflecting a rebound in consumer demand and tourism.r
- On a quarterly basis, seasonally adjusted real GDP rose by 1.1 percent compared to Q4 2024, signaling continued economic momentum into the year.
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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
Netanyahu says to visit New York despite Mamdani arrest threat in compliance with ICC warrant
Israeli Prime Minister Benjamin Netanyahu said Wednesday he still planned to visit New York despite incoming mayor Zohran Mamdani's threats...
Geostrategy
Company News
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‘I don’t recognise my country,’ says Angelina Jolie
Arts & Culture
Qatar revealed as owner of famed Courbet self-portrait
Paris, France -- Qatar has revealed itself as the owner of a famous self-portrait by French realist master Gustave Courbet...
Arts & Culture
Trump hails ‘tremendous day for Middle East’ as leaders sign Gaza declaration
As part of Trump's plan to end the Gaza war, Hamas on Monday freed the last 20 surviving hostages it...
Geostrategy
AI or inequality tipped for economics Nobel
Stockholm, Sweden - The Nobel economics prize wraps up the 2025 season when it is announced on Monday, as experts...
Economy
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Geostrategy
As Trump heads to the region for peace summit, Hamas, Israel set for hostage and prisoner exchanges
Trump's lightning visit to Israel and Egypt aims to celebrate his role in brokering last week's ceasefire and hostage release...
- Trump's lightning visit to Israel and Egypt aims to celebrate his role in brokering last week's ceasefire and hostage release deal
- Speaking to reporters on Air Force One at the start of the "very special" visit, Trump brushed off concerns about whether the ceasefire would endure
Geostrategy
Hamas will not govern post-war Gaza: Hamas source close to negotiating committee
Doha, Qatar -- A Hamas source close to the group's negotiating committee told AFP on Sunday that it will not...
- Hamas' leadership has in the past been divided on key issues, including on the future administration of Gaza.
- But where there appears to be no division among top members is on the question of disarmament, which the group has long described as a red line.
Geostrategy
China accuses US of ‘double standards’ over new tariffs threat
Beijing, China -- China accused the United States of "double standards" on Sunday, after President Donald Trump threatened an additional...
- China said on Friday that it would impose "special port fees" on ships operated by and built in the US, calling it a "defensive action."
- The US leader also threatened to pull out of a mooted meeting with Xi at the Asia-Pacific Economic Cooperation summit in South Korea.