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...
Economy
NATO learns as Ukraine’s Operation Spider’s web changes battlefield: NATO Commander
Brussels, Belgium - Ukraine's "creativity", including its massive "Spider's web" drone attack deep inside Russia, holds profound lessons for Western...
Geostrategy
Business
Rohingya sue FB for $150bn
The complaint says Facebook's algorithms target susceptible users.
- Facebook has been sued by Rohingyas over allegations that it promotes disinformation and extremist thought against Muslims in Myanmar
- According whistleblower Frances Haugen statement, Facebook is "fanning ethnic violence" in some countries.
Business
Evergrande to restructure debt
It also formed a risk committee before upcoming payment deadlines.
- The company's struggles to meet its commitments have fanned concerns about China's property sector
- The sector forms a substantial part of the world's second-biggest economy
Geostrategy
Algeria pledges $100m aid to Palestine as Mahmud Abbas visits
The announcement came as Palestinian leader Mahmud Abbas visited Algiers on Monday.
- Algeria's President Abdelmadjid Tebboune said the funding was in line with his people's commitment to support the Palestinian cause
- He said he would also put the Palestinian cause at the center of the Arab League summit, which Algeria is hosting in March next year
Science
WHO advises against blood plasma treatment for Covid-19
The WHO has made a ‘strong recommendation’ against the use of blood plasma in people who do not have serious...
- Convalescent plasma is the liquid part of blood from a recovered Covid-19 patient that contains antibodies
- It was one in an array of potential treatments investigated early in the pandemic, but has shown limited benefit
Economy
Libya central banks to reunite after 7-year split
Libya collapsed into years of violence after the 2011 fall and killing of dictator Moamer Gadhafi in a NATO-backed revolt....
- The existence of two central banks has complicated the handling of Libya's vital oil revenues and control over monetary policy
- This has contributed to runaway inflation and a liquidity crisis, despite the country's vast crude reserves
Business
Israel brings new law on cyber exports after Pegasus scandal
An updated Israeli end user certificate issued Monday, to be signed by buyers, listed terrorism as including offences committed with...
- An agency for military exports liked to Israel’s defense ministry put out the law
- It specified that a foreign state seeking a cyber or intelligence system must only use it to combat terrorism and ‘serious crimes’
Geostrategy
Iran says hopes to turn page in ties with UAE
Iran expressed hopes Monday to turn the page in its ties with the United Arab Emirates during a rare visit...
- The trip was the first of its kind since relations between the two countries were downgraded in 2016.
- His visit also included a meeting with ultraconservative Iranian President Ebrahim Raisi, state media said
Geostrategy
Turkey, Qatar vow joint push to reopen Kabul airport
Turkey and Qatar on Monday raised the possibility of jointly operating Afghanistan's Taliban-controlled airport, as President Recep Tayyip Erdogan set...
- Afghans and foreign nationals fled the country through the facility as the hardline Islamist movement took power in August following two decades of war
- "We are going to act together," Turkish Foreign Minister Mevlut Cavusoglu told a joint press briefing with his Qatari counterpart
Science
Vaccine developer warns of ‘more lethal’ pandemic
The lead developer of the Oxford/AstraZeneca coronavirus vaccine warned the next pandemic could be "more lethal", urging better preparedness in...
- The Oxford/AstraZeneca jab, which was the first coronavirus vaccine to be approved for use in the UK, is used in more than 170 countries globally
- She been making and testing vaccines for more than a decade, primarily using antigens from malaria and influenza
Arts & Culture
Curtain goes up on first Saudi film festival
Less than four years after lifting a ban on cinemas, Saudi Arabia is to host its first major film festival...
- Movie houses were barred for decades until April 2018, but over the next 10 days, actors and directors will tread the red carpet at Jeddah's Red Sea International Film Festival
- It will showcase 138 long and short films from 67 countries in more than 30 languages
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
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...
Economy
Company News
United Airlines Q3 profit up
Business
Latest News
Qatar ‘appalled’ at alleged criticism by Netanyahu
Israeli prime minister accused Qatar of financing Hamas at a meeting this week with the families of hostages held in...
Geostrategy
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...
Arts & Culture
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...
Geostrategy
Most Read
Geostrategy
NATO kicks off biggest military exercise since Cold War
The Western military alliance has said some 90,000 troops will take part in the months-long Steadfast Defender 24 exercise designed...
- The exercise -- the biggest since the 1988 Reforger drill during the Cold War -- comes as NATO has overhauled its defenses since Russia launched its invasion of Ukraine in 2022
- The alliance has dispatched thousands of troops to its eastern flank and drawn up most extensive plans since collapse of the Soviet Union to protect itself from a Russian attack
Science
Deaf boy can now hear after gene treatment
The US hospital which carried out the treatment said the milestone represents hope for patients around the world with hearing...
- Aissam Dam was born "profoundly deaf" because of a highly rare abnormality in a single gene.
- Aissam, who was born in Morocco and later moved to Spain, may never learn to talk, as the brain's window for acquiring speech closes around the age of five.
Geostrategy
Israel destroys Palestinian home in occupied West Bank
Basil Shehadeh was arrested on suspicion of helping two other Palestinians carry out the deadly shooting at a petrol station...
- "The family were evacuated from the three-storey building, then the second floor of the building was blown up," village council secretary Adel al-Amer told AFP
- "This demolition followed the destruction of the residences belonging to other terrorists involved in the same attack," the army told AFP in a statement