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...
Geostrategy
US, China seek to extend trade truce with London talks
After a round of talks in Geneva last month, the United States and China will sit down at the negotiating...
Economy
Business
Nestle sells €8.9bn L’Oreal shares
Around 22.26 million shares were sold for €400 each.
- L'Oreal said in a statement it would cancel the shares, which represent 4 percent of its capital
- The French group's shareholders will see their shareholdings increase due to the buyback, L'Oreal said
Economy
Qatar budget outlay to go up 5% for World Cup
A minister said the rise in budget was due to the ‘temporary increase’ in expenses related to the World Cup.
- The emirate's planned expenses for 2022 rose by 4.9 percent from last year to QAR204.3 billion ($55.7 billion)
- Qatar conservatively projects total revenue of QAR196 billion, based on an average oil price of $55 a barrel
Hamilton, Verstappen neck and neck, ahead of weekend’s showdown in Abu Dhabi
The 36-year-old Briton and his Dutch rival, who is 12 years younger, have for the large part treated each other...
- The 36-year-old Briton and his Dutch rival, who is 12 years younger, have for the large part treated each other with respect
- But after 20 races, the equivalent of driving from New York to London, the pair head to Yas Marina with their relationship seemingly at its lowest point
Business
Instagram tightens teen defenses
The app will be stricter about what it recommends to teen users.
- The app will be stricter about what it recommends to teen users and will suggest a break if they have been spending a lot of time on the platform
- The app is also to start "nudging" teens toward new topics if there is one they have been dwelling on for a while
Market Report
World stocks rally as fears about Omicron spread abate
Wall Street's main indices climbed at the opening bell, with the Dow rising 1.0 percent.
- Wall Street's main indices climbed at the opening bell, with the Dow rising 1.0 percent
- Asian equities rose despite renewed worries over potential debt defaults in China's troubled property sector
Arts & Culture
Mesopotamian Epic comes home to Iraq
A 3,500-year-old tablet featuring the Mesopotamian Epic of Gilgamesh has been returned to Iraq three decades after it was stolen...
- The tablet was exhibited to the media in Iraq on Tuesday by the authorities who welcomed its return as a "victory" over those who stole the country's "history"
- The Epic of Gilgamesh is considered one of the oldest pieces of literature in the world, telling the story of a Mesopotamian king on a quest for immortality
Geostrategy
Israeli air strike hits Syrian port of Latakia
An Israeli air strike hit a shipment of Iranian weapons in the Syrian port of Latakia Tuesday, in the first...
- The Israeli raid "directly targeted an Iranian weapons shipment in the container yard," the Syrian Observatory for Human Rights said
- Syrian state media reported the strike on the container yard at Latakia port without specifying what was targeted
Business
KSA and Oman draw closer, sign deals worth $30bn
Saudi Arabia signed deals with Oman valued at $30 billion, state media said Tuesday, as Crown Prince Mohammed bin Salman...
- Saudi and Omani companies "signed 13 memoranda of understanding worth $30 billion", the official Saudi Press Agency reported
- According to SPA, he will also visit the United Arab Emirates, Bahrain, Kuwait, and Qatar
Business
Pandemic turns out to be a boon for billionaires
The share of global wealth of the world's richest people soared at a record pace during the Covid pandemic, a...
- Since 1995, the slice held by billionaires has risen from one percent to three percent, according to the World Inequality Report
- The club of the richest one percent has taken more than a third of all additional wealth accumulated since 1995, while the bottom 50 percent captured just two percent
Arts & Culture
Baghdad revives its art and theater culture
Baghdad is back to that time when it was known as one of the artistic capitals of the Arab world.
- Organizer of “I am an Iraqi, I Read” event gave away 30,000 books for free
- Audience overflowed from the hall on the opening nights of international theater festival in Baghdad
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
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...
Geostrategy
Company News
Latest News
United Airlines Q3 profit up
Business
Fighting focuses on Gaza’s Khan Yunis after deadly shelling hits UN shelter
The deadly incident came after the Israeli army said it had encircled the city, where footage released by the military...
Most Read
Arts & Culture
Coach Mancini lays out Saudi’s plan at Asian Cup
Doha, Qatar - Roberto Mancini said on Wednesday that Saudi Arabia fear no team at the Asian Cup and will not...
- "Our calculation is always to win all the games we play," said Mancini, who won the European Championship with his native Italy in 2021.
- Mancini has repeatedly played down Saudi Arabia's chances of winning the Asian Cup saying Japan, South Korea, Iran and Australia are favorites.
Geostrategy
Israeli shelling on UN shelter in Gaza kills nine Palestinians
Palestinian Territories - Tank shelling on a UN shelter on Wednesday killed nine people in Gaza's main southern city of...
- "Two tank rounds hit building that shelters 800 people - reports now 9 dead and 75 injured," Thomas White, UNRWA's Gaza director, said on X.
- Teams from UNRWA and the World Health Organization were trying to reach the shelter, which has been blocked for two days, White said.
Geostrategy
Yemen-based Houthis fire missiles at ships in Red Sea, says US
Yemen's Iran-backed Houthi rebels fired three missiles at two merchant ships in the Red Sea in their latest attack in...
- One missile missed its target and a US Navy destroyer shot down the other two, National Security Council spokesman John Kirby said.
- The continuing Houthi action "means we're obviously still going to have to do what we have to do to protect that shipping," he said.