Muslim pilgrims ‘stone the devil’ as Hajj concludes under extreme heat in Saudi Arabia
Starting at dawn, the more than 1.6 million Muslims took part in the pilgrimage will throw seven stones at each...
Arts & Culture
Business
SoftBank posts $3.5bn loss
This is its first quarterly loss since January-March 2020.
- Japan's SoftBank Group has logged its first quarterly net loss in 18 months
- The loss is due to the falling value of investments in its Vision Fund, including Chinese ride-hailing giant Didi Chuxing
Geostrategy
Libyan premier to run for president in breach of pledge to remain neutral
Abdulhamid al-Dbeibah has gained popularity through public spending programs after years of civil war
- Abdulhamid al-Dbeibah has gained popularity through public spending programs after years of civil war
- He could become the first directly elected Libyan head of state since Muammar Gaddafi was overthrown a decade ago
Business
Elon Musk to sell 10% of Tesla stock after Twitter poll
Musk owned about 17 percent of Tesla's outstanding shares as of June 30, currently worth $208.37 billion. His wealth swelled...
- Musk said he was prepared to accept “either outcome” of the Twitter poll
- However, he did not specify when or how he plans to sell the shares
Geostrategy
Next test for Israel PM: US plan for Palestinian mission
The issue is political dynamite for Bennett's eight-party coalition that spans the political spectrum from right-wing Jewish nationalists to pro-peace...
- Palestinians claim the eastern half of the city as the capital of their future state
- Former US president Donald Trump in 2018 moved the US embassy to Jerusalem
Arts & Culture
Film festival offers Tunisian inmates brief moment of freedom for art’s sake
For the first time, three prison inmates in Tunisia were allowed a brief taste of freedom for the sake of...
- The prestigious Carthage Film Festival offered the prisoners the chance to help make a documentary about the festival.
- The idea was the result of a collaboration between the film festival, the World Organization Against Torture (OMCT) and the North African nation's prison authority.
Geostrategy
Big gap between COP26 words and climate action
Finance is a crunch issue at the summit, with developing nations demanding rich emitters make good on decade-old promises to...
- That figure is a drop in the ocean compared to the estimated $4 trillion needed annually to decarbonize the economy by 2050.
- Experts say an accord by more than 100 nations to slash methane emissions by 30 percent by 2030 could have a real impact on short-term heating.
Geostrategy
Iran urges ‘vigilance’ after drone attack on Iraqi PM
Iran on Sunday said it condemned a drone attack targeting Iraqi Prime Minister Mustafa al-Kadhemi and urged "vigilance to foil...
- "Such incidents are in the interest of those who have violated the stability, security, independence"
- "They have sought to achieve their sinister regional goals by creating terrorist groups"
Geostrategy
Iraqi PM calls for restraint after drone strike on his home
Iraq's Prime Minister Mustafa al-Kadhemi said he was unhurt and appealed for "calm and restraint" after a drone attack on...
- The attack in Baghdad's Green Zone was the first to target the residence of Kadhemi
- Security sources said three drones were launched, but two were shot down
Business
Organic farmers find fertile ground in North Africa
In Tunisia, the land dedicated to organic farming has multiplied 20-fold since 2001. In Morocco, the area of farmland certified...
- Despite its small size, Tunisia ranks 30th in the world and first in Africa in terms of area certified for organic farming.
- Moroccan authorities are trying to develop the sector with the Green Morocco Plan, which helps farmers cover the costs of getting certified.
Business
Algerian farmer’s olive oil wins global recognition
Hakim Alileche left a successful career in graphic design and moved to the Algerian countryside to produce "magic potion" --...
- The 48-year-old says he chose the Ain Oussera plateau for its cheap land and water supply
- His oil won first prize at the Dubai Olive Oil Competition in the Extra Virgin Early Harvest category in February 2021
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
Muslim pilgrims ‘stone the devil’ as Hajj concludes under extreme heat in Saudi Arabia
Starting at dawn, the more than 1.6 million Muslims took part in the pilgrimage will throw seven stones at each...
Arts & Culture
Company News
Latest News
15 million tons of Lithium deposits found in Thailand
Bangkok, Thailand - Thailand has discovered nearly 15 million tons of lithium deposits, a government spokesman said Friday, a boost for...
Business
In Davos, AI excitement persists but fears over managing risks
A recent IMF report said AI would affect nearly 40 percent of jobs around the world, and some 60 percent...
World Economic Forum
Complaint against Israeli President received: Swiss prosecutors
Israeli President Isaac Herzog has been targeted with a criminal complaint during a visit to Switzerland, Swiss prosecutors said, amid...
Geostrategy
Most Read
Business
Middle East only region to overcome pre-Covid tourism levels: UNWTO
"International tourism is expected to fully recover pre-pandemic levels in 2024, with initial estimates pointing to 2.0 percent growth above...
- Europe, the world's most visited region, also saw a strong performance with tourism reaching 94 percent of its 2019 figures, with African figures reaching 96 percent.
- In relative terms, the Asia-Pacific region was the weakest with just 65 percent of pre-pandemic levels, despite China's lifting of health restrictions a year ago
Geostrategy
Strange calls may precede Israeli attacks in Lebanon
BEIRUT, LEBANON - "Good morning, madame. This is the bank calling. Are you at home?" Since the Israel-Hamas war broke...
- Since the Israel-Hamas war broke out, residents of southern Lebanon have been receiving strange phone calls from Lebanese numbers.
- Lebanese security officials and the Iran-backed Hizbollah group, a Hamas ally, believe the strange calls are in fact from Israelis.
Economy
Markets track Wall St rally but China worries cast shadow
Broader markets were also enjoying a day in the sun though traders struggled to maintain the morning's momentum. Tokyo put...
- US data points on inflation and jobs, and comments from central bank officials have combined with growing geopolitical tensions to drag equities in January
- In light of the latest data, traders have lowered their bets on a March interest rate cut to a little more than 50 percent, down from 80 percent last week