MENA Mergers & Acquisitions deal value up 66% in Q1, hits $46 Billion
Dubai, UAE -- The Middle East and North Africa (MENA) region has kicked off 2025 with a record-breaking first quarter...
Business
US aerospace manufacturers insist they have no use for tariffs
New York, United States -- US airlines and aerospace manufacturers insist they have no use for tariff protections, warning that...
Business
Science
WHO says no Omicron deaths yet, as variant spreads worldwide
There had been a spike in the number of children under five admitted to hospital since Omicron emerged.
- Mild symptoms as headaches, sore throat, and coughs reported on those afflicted of Omicron
- The first detected in South Africa omicron variant of COVID-19 has now reached to 38 countries
Business
Twitter admits policy ‘errors’
Extremists are abusing its new photo-sharing rule.
- Twitter has noted that its teams have made errors in enforcing its new policy that disallows posting images of people without their consent
- It said it has corrected those, errors and is undergoing an internal review to make certain that this policy is used as intended
Hamilton dominates Saudi practice ahead of key title weekend
Hamilton has won the last two races in Brazil and Qatar to trim Verstappen's advantage but if the Dutchman wins...
- The Mercedes driver posted a quickest time of 1min 29.786secs in the first session on the new street circuit
- He later eclipsed that with 1min 29.018secs under the lights in the curtailed second session
Economy
IMF says Omicron could slow global growth
According to the economists, Omicron's threat to economy will likely be less severe than the previous waves.
- The emergence of omicron led to a major crash in the global stock and oil markets in late November
- WHO highlighted the issue of inequitable distribution of vaccines on several occasions
Science
Jordanian flies the world from homemade basement cockpit
"It was then the desire and love of flying began to obsess me," he added, sitting in the flight simulator,...
- Sat in front of three large screens, equipped with switches and indicators, in his homemade cockpit, Malhas has the world at his fingertips
- The work took three years, with the help of friends who are electronic engineers. And it cost around six thousand dinars ($8,400)
Arts & Culture
Wikipedia creator’s computer and NFT of first edit up for auction
The Strawberry iMac was the machine Wales "used for development and research at the time of the website's launch on...
- The Strawberry iMac was the machine Wales "used for development and research at the time of the website's launch on January 15, 2001," said auction house Christie's
- The second lot is for an NFT -- Non-Fungible Tokens are unique digital objects that confer ownership through blockchain technology
Geostrategy
Iran nuclear talks set for pause amid European ‘concern’
Negotiations in Vienna aimed at reviving the Iran nuclear deal are to be suspended Friday, Iranian media said, as European...
- The talks would "most likely" resume but French President Macron warned there could be a longer break in the talks
- Iran's lead negotiator Ali Bagheri said the proposals concerned two main issues facing the 2015 accord known as the JCPOA
Science
Seven Covid jabs as third dose can boost immunity: study
Seven jabs used as boosters against Covid-19 mostly produced a strong immune response, though results varied depending on the vaccine...
- Last June researchers in the UK looked at about 3,000 people to compare various combinations of jabs and their effects after a third dose
- Patients in the study, published in leading medical journal The Lancet, had been fully vaccinated either with AstraZeneca or Pfizer/BioNTech
Business
Shell exits North Sea oilfield project
Royal Dutch Shell has exited the planned Cambo oilfield project off the Scottish coast because of insufficient financial gain, as...
- Shell, which has a 30-percent interest in the North Sea development, said late Thursday that the investment case was simply "not strong enough"
- The decision comes after major powers last month agreed at the COP26 climate summit in Scotland to curb the use of fossil fuels
Economy
Annual Turkish inflation surges to 21.31% in November
Turkey's annual inflation rate jumped over 20 percent in November, official data showed Friday, after a currency crisis last month...
- This is the highest figure in three years. Persistent inflation has decimated purchasing power
- Ratings agency Fitch on Thursday revised its outlook on Turkey's sovereign credit rating to negative
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
MENA Mergers & Acquisitions deal value up 66% in Q1, hits $46 Billion
Dubai, UAE -- The Middle East and North Africa (MENA) region has kicked off 2025 with a record-breaking first quarter...
Business
Company News
Latest News
Two Tunisian teenage migrants die in shipping container
Last week, the national guard announced the disappearance at sea of about 40 Tunisians who left from Sfax province, on...
Two dead in US strikes against Iran-backed armed groups in Iraq
The US strikes come against an already explosive regional backdrop, fueled by the war in Gaza between Washington's ally Israel...
Geostrategy
Iran’s Raisi flies to Turkey for delayed Gaza talks
Planned talks in Ankara in early January were called off when twin blasts claimed by IS group jihadists killed 89...
Most Read
Geostrategy
US strikes two Houthi missiles in Yemen: military
US and Britain have carried out two rounds of joint strikes aimed at reducing the Houthis' ability to target shipping,...
- CENTCOM said the missiles were aimed into the Southern Red Sea and ready to be fired
- Houthis began striking Red Sea shipping in November in solidarity with Palestinians in Gaza
Trump closes in on Biden rematch after New Hampshire win
Despite now adding New Hampshire to his previous easy victory in Iowa, Trump kept to his hard-right messaging, with no...
- With votes around 60 percent counted, Trump's winning margin hovered at around 11 percentage points, but his sole remaining challenger Nikki Haley vowed to fight on
- In a rambling victory speech Trump, 77, attacked Haley and said that when the primary contest reaches her home state of South Carolina, "we're going to win easily."
Geostrategy
UN chief terms Israeli rejection of two-state solution ‘unacceptable’
In a speech to the Security Council, UN Secretary General Antonio Guterres demanded that "Israel's occupation must end." Guterres warned...
- Guterres warned that it would exacerbate polarization and embolden extremists everywhere
- He called for the recognition of the "right of the Palestinian people" to build their own state