Airlines less optimistic for 2025, facing ‘headwinds’: IATA
New Delhi, India -- Airlines on Monday revised down their traffic and profit forecasts for 2025, citing "headwinds" for the...
Business
Gaza rescuers say 31 killed near a US-backed aid site, Israel denies involvement
Israel has faced growing condemnation over the humanitarian crisis in the war-ravaged Gaza Strip, where the United Nations has warned...
Geostrategy
Business
Facebook says some users struggling to access its services
Facebook did not provide details on the cause or scope of the problems, which caused users to flock to Twitter...
- Facebook did not provide details on the cause or scope of the problems, which caused users to flock to Twitter to voice frustration
- Hundreds of millions of people were unable to access Facebook, Instagram or WhatsApp for more than six hours on Monday
Geostrategy
Facebook bans sales of Amazon areas on its apps
The announcement came as the tech giant defends itself against accusations that it has long put profit over societal good.
- The sale of land in conservation areas happens on other platforms and offline.
- Some questioned online why Facebook allowed sales of precious rainforest land in the first place.
Business
Apple appeals verdict in App Store battle
The verdict ordered Apple to loosen control of its App Store payment options but said Epic failed to prove any...
- The companies had opted for a so-called bench trial in which a judge rather than a jury hears the evidence and decides on a verdict.
- Apple can still mandate that its payment systems is used for in-app transactions.
Economy
Chief trade negotiators from US, China hold ‘candid exchange’
This was the second consultation between the two countries' chief trade negotiators after relations were seriously damaged under former US...
- This was the second consultation between the two countries' chief trade negotiators after relations were seriously damaged under former US president Donald Trump.
- Talk was "an opportunity for the United States and China to commit to forging a trade relationship that is managed responsibly," a USTR official said
Economy
Amanda Staveley: Public face of Newcastle’s Saudi takeover
She has made a lucrative career as an intermediary for wealthy Gulf-based investors looking to invest in Europe through her...
- She has made a lucrative career as an intermediary for wealthy Gulf-based investors looking to invest in Europe through her company, PCP Capital Partners
- An indication of the circles in which she moves is the rumour that she once turned down a marriage proposal from Prince Andrew, Queen Elizabeth II's third child
Economy
IMF to decide ‘very soon’ on whether Georgieva keeps her job
The IMF Executive Board is reviewing last month's investigation by the law firm WilmerHale that found that during her time...
- An investigation by a law firm has concluded that she manipulated data in favor of China while in a senior role at the World Bank.
- On Thursday Georgieva, 68, said she hoped for an "expeditious resolution" of the case
Business
India selling Air India to Tata conglomerate for $2.4 billion
Tata had founded the airline as Tata Air in 1932, with the first flight piloted by Tata's eponymous chairman himself....
- The government is also selling a 50 percent stake in Air India SATS Airport Services, which provides cargo and ground handling services.
- New Delhi is seeking to lease state-owned assets to the private sector to raise $800 billion.
Geostrategy
Iraq: Oil-rich and ravaged by conflict
Iraq's relations with Iran have improved since the fall of Saddam and, since 2017, the ties with Saudi Arabia have...
- Iraq's different communities are represented in parliament through a tacit system of proportional representation.
- Eyeing role as regional mediator, Iraq has hosted talks between officials from Tehran and Riyadh.
Business
YouTube Music tops 50 million subscribers
YouTube Music trails rivals Spotify, Amazon and Apple. The company said in June it has paid more than $4 billion...
- Spotify had 32 percent of the global music streaming market in the first quarter of this year.
- The overall number of streaming music service subscribers climbed more than 19m to a total of 487m in Q1.
Business
Google to stop pairing ads with climate change misinformation
The new policy for Google advertisers, publishers and YouTube creators will prohibit the platforms from helping people make money from...
- The new policy for Google advertisers, publishers and YouTube creators will prohibit the platforms from helping people make money from content that denies climate change
- The internet giant added that the policy change aligns with efforts by the company to promote sustainable practices and confront climate change
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
Airlines less optimistic for 2025, facing ‘headwinds’: IATA
New Delhi, India -- Airlines on Monday revised down their traffic and profit forecasts for 2025, citing "headwinds" for the...
Business
Company News
Aramco to invest in LNG
Business
Latest News
Thousands march in US, UK for Gaza ‘day of action’
Saturday's marches held particular significance given US and British air strikes in Yemen this week against Houthi bases, after the...
Geostrategy
France president calls for talks to release Gaza hostages
In a video posted online and broadcast at a meeting in Tel Aviv in support of the hostages, Emmanuel Macron...
Geostrategy
Gaza couple celebrate wedding amid war and destruction
Rafah, Palestinian Territories - Surrounded by family and friends, clapping and cheering, Gaza woman Afnan Jibril beams a brilliant smile on...
Geostrategy
Most Read
Arts & Culture
Cairo arts center razed for Old City makeover
Cairo, Egypt - Nestled in the heart of the historic capital here, a cultural center synonymous with the city's art scene...
- The Darb 1718 center was demolished "without any prior notice", its management said on social media on January 6, to make room for a highway expansion
- Authorities have been aggressively remaking parts of Cairo, a longtime cultural beacon of the Arab world, to expand the capital
Business
Biggest fuel refinery plant of Africa begins production
Lagos, Nigeria - Africa's biggest diesel and aviation fuel refinery built by the continent's richest man has started production, the company...
- The 650,000 barrel-per-day Dangote refinery could be a game changer when fully operational by helping end Nigeria's reliance on fuel imports.
- The facility sits on 2,635 hectares (6,500 acres) of land at the Lekki Free Zone on the edge of Lagos city and cost an estimated $19 billion.
Geostrategy
Hamas says Israeli shelling leaves 60 dead in Gaza
Health officials in Hamas-ruled Gaza said that Israeli strikes overnight killed at least 60 people in the besieged territory, which...
- Ashraf al-Qudra, spokesman for the health ministry in the Hamas-run territory, reported "more than 60 martyrs" in Israeli assault.
- Israel's relentless bombardment of Gaza since Hamas's October 7 attack has killed at least 23,843 people, mostly women and children.