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...
Business
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...
Geostrategy
Geostrategy
Armed with drones, Turkey explores African arms sales
Ankara already has a military base in Somalia, and Morocco and Tunisia reportedly took their first delivery of Turkish combat...
- The two-day Turkey-Africa partnership summit starting Friday comes fast on the heels of a top-level business forum in October that focused on investment and trade
- Leaders and top ministers from 39 countries -- including 13 presidents -- have confirmed attendance, with Erdogan set to make a speech on Saturday
Geostrategy
Blinken says US still prepared to sell jet fighters to UAE
The $23 billion arms package was pushed through by former president Donald Trump in what was seen as a reward...
- "We remain prepared to move forward... if that is what the Emiratis are interested in doing", Blinken said while speaking during a visit to Malaysia
- Asked about the conditions the US has set, he did not give precise details, but said Washington wanted to ensure that Israel maintains its "military edge"
Geostrategy
UN calls on US, Iran to return to terms of 2015 nuclear deal
The deal has been on life support since 2018, when former president Donald Trump pulled the US out of the...
- The deal has been on life support since 2018, when former president Donald Trump pulled the US out of the accord
- Indirect negotiations between Iran and the US mostly carried out by European powers, resumed at the end of November in Vienna
Geostrategy
Can the landmark 2015 Iran nuclear deal be revived?
International diplomats have been cloistered in a Vienna hotel discussing how to salvage a deal that was intended to prevent...
- If the talks collapse, Tehran could move further away from its commitments, while Western allies could be expected to toughen sanctions.
- Among the key sticking points are precisely which sanctions Washington will lift and the guarantees demanded by Iran to safeguard against future changes of heart from the US.
Arts & Culture
UNESCO adds Arabic calligraphy into heritage list
A total of 16 Muslim-majority countries, led by Saudi Arabia, presented the nomination to UNESCO, which announced the listing on...
- The UNESCO listing "will certainly have a positive impact" on preserving the tradition, said Abdelmajid Mahboub from the Saudi Heritage Preservation Society.
- The number of specialized Arab calligraphic artists had dropped sharply, according to the Saudi Heritage Preservation Society.
Analysis
Political divisions, lack of candidates’ list cast shadow on Libya polls
Libya is to hold its first-ever presidential elections late next week, but the lack of a final list of candidates...
- The elections follow months of bitter disputes over their legal basis and who may stand, with several divisive figures in the running.
- The election is part of a United Nations-led peace process, following a landmark October 2020 ceasefire between eastern and western camps.
Economy
IEA sees ‘more comfortable’ year for oil market in 2022
The Omicron coronavirus variant will slow the recovery in global demand for oil but the market will be "more comfortable"...
- The IEA said it had revised downwards its forecast for global oil demand by an average of 100,000 bpd for 2021 and 2022.
- The surge in new Covid-19 cases is expected to temporarily slow, but not upend, the recovery in oil demand.
Market Report
Asia markets down on Omicron, Fed tapering fears
Beyond property woes and virus fears, all eyes this week are on the Fed, which must carefully calibrate its response...
- After last week's strong performance, stocks have stumbled this week as Britain struggled with its response to the Omicron strain
- The US Federal Reserve is scheduled to announce its latest interest-rate decision on Wednesday
Russia vetoes UN resolution on climate change as global security threat
China abstained, while India voted against, arguing that global warming was chiefly an issue related to economic development, rather than...
- China abstained, while India voted against, arguing that global warming was chiefly an issue related to economic development, rather than international security
- The resolution had called on the UN chief to report within two years "on the security implications" of climate change on issues addressed by the Security Council
Business
Elon Musk named Time magazine person of the year
Musk, the world's wealthiest person wields impact on Earth with his Tesla electric car company and beyond our planet with...
- Musk, the world's wealthiest person wields impact on Earth with his Tesla electric car company and beyond our planet with his SpaceX rockets
- "Musk's rise coincides with broader trends of which he and his fellow technology magnates are part cause and part effect," Time editor-in-chief Edward Felsenthal wrote
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
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...
Business
Company News
Latest News
EU okays takeover of Seagen
Business
‘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...
Geostrategy
US warship downs incoming missile fired from Yemen: Military
Washington, United States -- A US Navy warship shot down a missile Friday that was fired at it by Yemen's Iran-backed...
Geostrategy
Apple to make changes to App Store in Europe
iPhone users can download alternative app stores.
Geostrategy
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Geostrategy
UN court says Israel must prevent genocidal acts in Gaza
The top UN court said Israel should do everything it could to prevent any acts of genocide in the Gaza...
- South Africa brought the case before the ICJ, saying Israel violated the UN Genocide Convention.
- The court rulings are binding on all parties, but it has no mechanism to enforce them.
Son faces Saudis, Palestine make history in Asian Cup last 16
The knockout phase begins on Sunday when Australia play Indonesia, followed the same day by the United Arab Emirates against...
- The tournament has been whittled down from 24 teams to 16 but trying to predict who lifts the trophy on February 10 looks more difficult than ever
- Japan came to Qatar as favourites and looking to win the title for a record-extending fifth time, but they reached the knockout phase as only runners-up in their group behind Iraq
Economy
Indians queue for Israel jobs as war in Gaza rages
India's urban unemployment rate -- the percentage of people wanting work who cannot find a job -- dipped to 5.1...
- Recruiters are aiming to fill a labour shortage in Israel exacerbated by nearly four months of fighting against Palestinian fighters in Gaza
- For the hundreds of Indians in line, almost all men, the chance of a skilled construction job in Israel - and wages up to 18 times higher - outweighs their fears