Turkish authorities make further arrests in football betting scandal
The betting scandal in Turkish football deepened on Friday as 29 people, including 14 footballers, were arrested, the Istanbul public...
Economy
14 countries condemn Israel’s expansion of West Bank settlements, say actions ‘violate international law’
Fourteen countries, including France, Britain, and Germany, condemned on Wednesday Israel's recent approval of new Jewish settlements in the occupied...
Geostrategy
Arts & Culture
Frida Kahlo painting auctions for $54.6 mn, record for woman artist
New York, United States - A self-portrait by legendary Mexican artist Frida Kahlo sold for $54.66 million in New York...
- The auction house said Kahlo's work was "painted in 1940 during a pivotal decade in her career, marked by her turbulent relationship with Diego Rivera."
- The artwork depicts the artist sleeping in a bed that appears to float among clouds in the sky, laying beneath a skeleton with legs that are wrapped with sticks of dynamite
Geostrategy
Iran says no access to bombed nuclear sites without IAEA deal
Iran's Foreign Minister Abbas Araghchi said that the UN's nuclear watchdog would not be given access to Iranian nuclear sites...
- The interview with the Khabar Online news agency was conducted before the International Atomic Energy Agency adopted a resolution Thursday demanding access to the sites
- In mid-June, Israel launched an unprecedented bombing campaign against Iran, triggering a 12-day war that the US briefly joined with strikes on Iranian nuclear facilities
Geostrategy
Qatar fears collapse of Israel-Hamas ceasefire after new Gaza strikes leave five Palestinians dead
The new strikes came the morning after one of the deadliest days in the Gaza Strip since the truce began...
- Qatar, a key mediator in the Hamas-Israel war, condemned the latest air strikes as "a dangerous escalation that threatens to undermine the ceasefire agreement,"
- Israel has carried out repeated strikes against what it says are Hamas targets during the ceasefire, resulting in the death of over 312 Palestinians, Gaza health ministry said
Business
AMD, Cisco, and HUMAIN partner to build 1 GW AI infrastructure in Saudi
Washington, DC., US – AMD, Cisco, and HUMAIN, a PIF-backed company delivering full-stack AI solutions, have announced plans to establish...
- The joint venture, which will begin operations in 2026, will combine HUMAIN’s advanced data centers with AMD and Cisco technologies.
- AMD and Cisco will act as exclusive technology partners, contributing their products and services to develop up to 1 GW of AI infrastructure by 2030.
Business
Meta to remove under-16 Australians from Facebook, Instagram on December 4
Australians younger than 16 will be removed from Facebook and Instagram on December 4, tech giant Meta said Thursday, as...
- From December 10, Australia will force social media platforms, including Facebook, Instagram and TikTok, to remove users under the age of 16 or face hefty fines
- "From today, Meta will be notifying Australian users it understands to be aged 13-15 that they will lose access to Instagram, Threads and Facebook," Meta said in a statement
Geostrategy
Israeli strikes kill 27 in Gaza in spite of fragile truce, follows attacks targeting Hezbollah in Lebanon
The strikes were among the deadliest in Gaza since the truce entered into force last month, and came as Israel...
- Fourteen people were killed Wednesday in Gaza City in the north and 13 in the Khan Yunis area in the south, according to the territory's civil defence agency
- The highest daily toll registered since the truce took effect was on October 29, when more than 100 people were killed in Israeli strikes, according to civil defence figures
Geostrategy
COP30 dragged into clash over gender language
Negotiators say the effort -- by Paraguay, Argentina, Iran, Indonesia, Malaysia as well as the Holy See -- seeks to...
- The issue has become so sensitive that COP30's Brazilian presidency has elevated it from technical negotiations to a higher political level.
- At stake is a revamped Gender Action Plan (GAP) meant to guide work for the next decade, including efforts to mainstream gender across climate programs.
Business
Italy’s Leonardo launches joint venture with UAE defence firm
Milan, Italy -- Italian defense group Leonardo said Wednesday it had agreed to launch a joint venture next year with...
- Details of the sectors covered by the joint venture have yet to be announced.
- But it will cover a range of Leonardo's solutions "spanning sensors, system integration, and platforms", the Italian group said in a statement.
Business
Flydubai inks $13bn Boeing deal for 75 jets as city’s airlines build up
State-owned flydubai and its long-haul partner airline, Emirates, have been the chief deal-makers at this week's Dubai Airshow, the largest...
- Dubai, the UAE's commercial jewel, will soon start work on a new airport with capacity for a world-leading 150 million passengers a year, slated to open in 2032.
- Dubai's current international airport announced a record quarter of 24.2 million passengers. The facility has been the busiest for international passengers for the past 11 years.
Business
Nvidia, Microsoft invest $15 billion in AI startup Anthropic, creator of the Claude chatbot
Nvidia and Microsoft announced Tuesday investments totaling $15 billion in AI startup Anthropic, creator of the Claude chatbot, amid frenzied...
- AI chip powerhouse Nvidia committed up to $10 billion while Microsoft—which owns 27 percent of Anthropic rival OpenAI—pledged up to $5 billion to the maker of Claude AI models
- The deal was part of an agreement that saw Anthropic commit to buying $30 billion in Microsoft's cloud computing capacity and adopt the latest versions of Nvidia's chip technology
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
Turkish authorities make further arrests in football betting scandal
The betting scandal in Turkish football deepened on Friday as 29 people, including 14 footballers, were arrested, the Istanbul public...
Economy
Company News
Latest News
Egypt says $35 billion Israel gas deal ‘commercial’, not ‘political’
Under the agreement, Israel will increase the total volume of gas supplied to Egypt to 130 billion cubic meters, according...
Geostrategy
US, Qatar, Turkey, Egypt to hold talks on next phase of Gaza truce in Miami
Under the second stage, Israel is supposed to withdraw from its positions in Gaza, an interim authority is to govern...
Geostrategy
Putin says Russia will ‘certainly’ achieve its goals in Ukraine including seizing the territories
Russian President Vladimir Putin said on Wednesday Moscow would "certainly" achieve its goals in the offensive in Ukraine, including seizing...
Geostrategy
Most Read
Geostrategy
Global coal demand expected to hit record in 2025: IEA
In its annual report on the coal industry, the International Energy Agency said demand was on course to rise by...
- China and India are usually the main drivers of growth in coal consumption as the two emerging economies race to meet rising demand for electricity.
- The IEA sees demand in China, the top coal consuming nation, decreasing somewhat over the next five years.
Science
Ancient cures and AI: WHO seeks evidence for traditional medicine
New Delhi, India -- The World Health Organization opens a major conference on traditional medicine on Wednesday, arguing that new...
- The meeting in New Delhi will examine how governments can regulate traditional medicine while using emerging scientific tools to validate safe and effective treatments.
- The UN body hopes this push will help make ancestral practices more compatible with modern healthcare systems.
Business
Famed Jerusalem stone still sells despite West Bank economic woes
Sair, Palestinian Territories - Despite the catastrophic state of the Palestinian economy, Faraj al-Atrash, operator of a quarry in the...
- The war in Gaza, triggered by Hamas's October 2023 attack on Israel, dealt a severe blow to a Palestinian economy that was already in poor shape
- Israel, which has occupied the West Bank since 1967, has recently set up hundreds of new checkpoints across the territory, paralysing commercial transport