How are the 2026 World Cup contenders shaping up?
Only eight countries have won the World Cup in 22 editions up to the most recent tournament in Qatar, when...
Arts & Culture
Iran says US travel ban reflects ‘racist mentality’
Tehran, Iran - Tehran denounced on Saturday the US travel ban on Iranians and citizens of 11 other mostly Middle...
Geostrategy
Economy
Syria eyes visitor resurgence, especially from Europe
Syria is an important destination for Shiite pilgrims, and has continued to welcome visitors from Iran, Iraq, and Lebanon during...
- Syria is home to several UNESCO world heritage sites that were very popular with tourists before the war
- Most sites were damaged by more than 10 years of a conflict, but restoration work was undertaken
Economy
Help lower oil prices, IEA urges OPEC
The head of the IEA has called on OPEC and its allies to take measures to help bring oil prices...
- OPEC nations and their allies, including Russia, agreed in July to slowly increase their oil output each month towards pre-pandemic levels
- This comes as the world economy recovers from the Covid-19 pandemic
Economy
Lebanese currency sinks to new low on the black market
The Lebanese pound sank to a new low on the black market Wednesday, with no end in sight to the...
- The new record, topping a previous peak in July, comes as the government fails to resolve a diplomatic crisis with Gulf countries.
- The World Bank estimates Lebanon may need almost two decades to recover its pre-crisis per capita GDP.
Geostrategy
Abu Dhabi crown prince makes first Turkey visit in decade
Abu Dhabi's Crown Prince Sheikh Mohammed bin Zayed held talks with Turkish President Recep Tayyip Erdogan in Ankara on Wednesday,...
- Erdogan greeted Sheikh Mohammed on the ceremonial blue carpet at the presidential palace
- The groundwork was laid for the rapprochement with a visit in August by a UAE delegation
Geostrategy
Five killed in Israel strikes on Syria: monitor
Israeli strikes targeting a part of Syria where fighters loyal to Lebanon's Hezbollah are based killed five people Wednesday, a...
- The Israeli missiles struck an area near three villages in the west of Homs province
- Three Syrian soldiers as well as two Syrian militiamen were killed in the early morning strikes
Geostrategy
No progress in talks with Iran, says IAEA chief after Tehran visit
Rafael Grossi told a quarterly meeting of the agency's board that his talks in Tehran were "inconclusive", despite being "constructive"....
- Iran and the IAEA have a temporary pact which gives the IAEA access to monitoring equipment at Iran's nuclear facilities.
- In 2019, Iran began moving away from its commitments after the US pulled out unilaterally and reimposed sanctions.
Business
Samsung to build $17 billion microchip plant in Texas
Samsung said on Tuesday it will build a microchip factory in Texas, a $17 billion investment that comes as semiconductor...
- The chips manufactured on the site will have applications in mobile technologies, 5G or even artificial intelligence, Samsung said.
- Samsung, the world's biggest memory chipmaker, has stepped up its investment in its semiconductor business as the world battles shortages of chips.
Science
Crisis a chance to green Lebanon: environment minister
Lebanon's economic meltdown presents an opportunity to improve the country's environmental policies and tackle its festering waste management crisis, says...
- Lebanon's economy has been in tailspin for two years, leading to a historic currency collapse that has sent poverty rates soaring
- Incompetence and corruption caused a spectacular waste crisis in 2015, when rivers of trash filled the streets and ran into the sea
Geostrategy
Turkish women fearful after treaty exit
Turkish women feel more vulnerable and legally unprotected since Turkey withdrew from a convention that activists argued helped deter male...
- The landmark Istanbul Convention came into force in 2014 and laid the way for a Europe-wide legal framework to tackle, prevent and prosecute violence against women
- Turkey abruptly withdrew in March following a decree by President Recep Tayyip Erdogan
Economy
China’s birthrate plummets to lowest figure in decades
Last year, China recorded 8.52 births per 1,000 people according to the 2021 Statistical Yearbook released in the past week...
- Last year, China recorded 8.52 births per 1,000 people according to the 2021 Statistical Yearbook released in the past week - the lowest figure since 1978
- The unbalanced ratio of male and female population have become the major reason which causes the lowest birthrate in China
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
How are the 2026 World Cup contenders shaping up?
Only eight countries have won the World Cup in 22 editions up to the most recent tournament in Qatar, when...
Arts & Culture
Company News
Latest News
Israel pounds Gaza as Netanyahu rejects hostage release deal
Abdelrahman Iyad, wounded in Gaza and now being treated aboard the French helicopter carrier Dixmude, docked in Egypt, said he...
Geostrategy
Mac computers could reach new glory due to AI
SAN FRANCISCO, US - Forty years after igniting a PC revolution, Apple's Mac is stronger than ever and could reach new...
Business
‘New era for India’: Modi inaugurates temple built over razed mosque
"Breaking the shackles of slavery, the country should rise, taking lessons from the past," Modi said, speaking outside the temple...
Geostrategy
Most Read
Economy
Africa in debt spiral as restructuring efforts drag on
Paris, France -- While the explosion of debt is throwing a shadow over global economic growth, experts warn that sub-Saharan Africa,...
- In 2022, African public debt stood at $1.8 trillion, a 183-percent jump from 2010, having grown at around four times as fast as economic output, according to UN figures.
- Private investors -- including investment funds and pension funds -- have in recent years risen to become the top lender to African nations.
ACRES 2024 concludes, deals worth $381 million inked
Sharjah, UAE -- Real estate deals worth more than AED 1.4 billion ($381 million) were inked at ACRES 2024, organized...
Business
Alhokair Group wins $202m contract
Alpha Facilities Contracting Company has awarded the contract.
- The contract was awarded a project by Alpha Facilities Contracting Co., an affiliate of Al Fanar Group, to provide catering services at a residential complex in NEOM.
- It is expected that the financial impact of this partnership will begin as of Q1 2024, which will contribute to strengthening the group’s business.