Israel says Gaza-bound activist boat carrying Greta Thunberg redirected
The Madleen departed from Italy on June 1 to bring awareness to food shortages in Gaza, which the United Nations...
Chinese man defies demolition orders to build madcap rural home
Xingyi, China -- Surrounded by the rubble of demolished homes, Chen Tianming's ramshackle tower of faded plyboards and contorted beams...
Arts & Culture
Economy
Turkey’s Erdogan replaces finance minister amid economic turmoil
Turkish president accepted the resignation of Lutfi Elvan and appointed his deputy Nureddin Nebati as the new finance minister.
- Turkish president accepted the resignation of Lutfi Elvan and appointed his deputy Nureddin Nebati as the new finance minister
- Since 2019, Erdogan has sacked three central bank governors who opposed his desire for lower interest rates
Business
OPEC and allies may freeze oil output
The OPEC+ alliance led by Saudi Arabia and Russia has so far resisted US-led pressure to significantly boost output to...
- The emergence of the new Omicron variant of Covid-19 has put a shadow on whether OPEC+ will increase or decrease production
- The variant has led countries to reinstate travel bans and mull further restrictions that could tighten demand and hurt oil prices
Business
Man Utd’s Glazer buys T20 franchise in new UAE league
Manchester United co-chairman Avram Glazer has acquired a franchise for a new T20 professional cricket league in the United Arab...
- The news comes after the Glazer family were outbid in their attempt to buy one of the two new franchises in the Indian Premier League
- "I am very excited to be a part of UAE T20 at its formation," Avram Glazer said
Economy
Erdogan defends ‘risky but correct’ economic policy
Turkish President Recep Tayyip Erdogan on Wednesday defended his "risky but correct" economic policy of low interest rates, as the...
- Under pressure from Erdogan, the central bank has made a series of interest rate cuts since September despite double-digit inflation
- The Turkish leader goes against conventional economic thinking to claim high interest rates cause high inflation, and vowed again to keep the main rate low
Economy
OECD cuts world growth forecast, warns of Omicron threat
The OECD warned Wednesday that the Omicron coronavirus variant threatens the global economic recovery as it lowered the growth outlook...
- The global economy is now expected to expand by 5.6 percent this year, down from an earlier forecast of 5.7 percent
- Its forecast for 2022 remains unchanged at 4.5 percent, but the report was released only days after Omicron was detected
Geostrategy
Libya on bumpy road to uncertain elections
Libya is less than a month from elections seen as crucial to ending its long-running civil war, but deep political...
- the North African country is preparing to draw a line under a decade of conflict since the 2011 overthrow of longtime dictator Moamer Kadhafi in a NATO-backed uprising
- The United Nations has said that nine international organizations have sought accreditations to observe the conduct of the vote
Geostrategy
Fewer Libya arms embargo breaches but foreign fighters remain: UN panel
Based on the 2020 transfers, arms stockpiles remain high and sufficient to sustain any future conflict," the experts said.
- Based on the 2020 transfers, arms stockpiles remain high and sufficient to sustain any future conflict," the experts said
- The United Nations has previously estimated that 20,000 mercenaries and foreign fighters are deployed in Libya, including from the Russian private security firm Wagner
Economy
Iraq’s ‘wasta’ system favors lucky few, frustrates many
Youth in Iraq get job through “wasta,” the system of “who you know” that has become Iraq’s pervasive scourge.
- Youth in Iraq get job through “wasta,” the system of “who you know” that has become Iraq’s pervasive scourge
- The practice has fueled frustration, mass anti-government protests and waves of emigration from the oil-rich, war-scarred and poverty-stricken country
Arts & Culture
Vintage cars show racy past of Iran’s toppled royalty
After half a century hidden away, the royal racers are back on show, with the Iran Historical Car Museum drawing...
- After half a century hidden away, the royal racers are back on show, with the Iran Historical Car Museum drawing in thousands since it opened to the public in recent weeks
- Some 20,000 people have visited since its opening, more than the number of people who visit the national museum each month
Economy
Canada bans travelers from Egypt, Nigeria, Malawi over Omicron fears
All travelers flying to Canada need to be tested at the airport upon landing except for the US.
- All travelers flying to Canada need to be tested at the airport upon landing except for the US
- Unvaccinated people can no longer board airplanes or ride trains in Canada
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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
Israel says Gaza-bound activist boat carrying Greta Thunberg redirected
The Madleen departed from Italy on June 1 to bring awareness to food shortages in Gaza, which the United Nations...
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Turkish excavations offer vital clues of human history
Arts & Culture
European Union probes Lufthansa’s proposed ITA Airways stake
The European Commission said it had "preliminary concerns that the transaction may reduce competition in the market for passenger air...
Business
Iranian President Raisi to discuss Gaza war during Turkey visit
Raisi will meet Turkish counterpart Recep Tayyip Erdogan in the capital Ankara, making a visit that was postponed twice --...
Geostrategy
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Business
Zee’s shares fall after merger fails
Disagreement over who would lead the new entity led to merger's failure.
- The initial 30 percent plunge saw Zee lose as much as 55 billion rupees ($661 million) in market value.
- "Considering that Zee still has six billion rupees cash on books... we see no bankruptcy risks," an expert said.
Geostrategy
Gaza facing catastrophic situation, famine looming: WFP
A study conducted between November 24 and December 7 found that all 2.2 million people living in the Palestinian territory...
- Etefa said that around 70 percent of requests to deliver food to northern Gaza were rejected by the Israeli authorities.
- The last deliveries to the north were around January 11 and 13, carrying 200 tons of food for 15,000 people.
US, Britain launch new joint strikes on Yemen’s Houthis
American and British forces carried out a first wave of strikes against the rebel group earlier this month, and the...
- The latest US-UK strikes were against "eight Houthi targets in Yemen in response to the Houthis' continued attacks against international and commercial shipping in the Red Sea
- There were no concerns about civilian casualties at the sites that were hit, while Houthi losses are unknown at this time, the official told journalists