Saudi FM says blocking of West Bank delegation shows Israeli rejection of peace process
Ministers from Saudi Arabia, Egypt, Jordan and Bahrain, along with the Arab League chief, had planned a trip to the...
Geostrategy
Silicon Valley VCs navigate uncertain AI future
The generative AI frenzy unleashed by ChatGPT in 2022 has propelled a handful of venture-backed companies to eye-watering valuations.
Business
Geostrategy
Top Iraq cleric urges voting in parliamentary poll
The statement from Grand Ayatollah Ali Sistani's office came against the backdrop of potentially high rates of abstention in the...
- The statement from Grand Ayatollah Ali Sistani's office came against the backdrop of potentially high rates of abstention in the October 10 ballot
- Initially expected in 2022, the vote was brought forward in a rare official concession to autumn 2019 protests
Geostrategy
Erdogan, Putin meet to discuss Syrian conflict
The Russian leader hosted Erdogan at his Black Sea residence in the resort of Sochi
- The Russian leader hosted Erdogan at his Black Sea residence in the resort of Sochi
- Russia and Turkey have had complex relations, balancing regional rivalries with common ground on economic and strategic interests
Economy
Morocco, Algeria slam France’s decision to slash visas
France on Tuesday said it would sharply reduce the number of visas granted to people from Algeria, Morocco and Tunisia,...
- In Morocco, Foreign Minister Nasser Bourita told reporters the French decision was “unjustified”
- Many of its Tunisian citizens displayed their concern Wednesday in front of the offices of TLS Contact, the private company authorised to receive applications for France
Science
Algeria begins Sinovac Covid-19 vaccine production
Prime Minister Aimene Benabderrahmane, who attended the launch of the production process at a factory in the eastern city of...
- Lotfi Djamel Benbahmed, Algeria's minister for the pharmaceutical industry, has said the country plans to export the vaccines
- Saidal, the firm making the jabs, was so far the only African company to be licenced to produce the jab
Business
Saudi Arabia ‘racing against time’ to finish F1 track
The floodlit circuit is expected to run over 6.175 km (3.8 miles), the second-longest on the calendar, and will feature...
- A visit to the track this week showed there was still much work to be done
- Buildings were still under construction and cranes and diggers were on site
Business
$80 oil sparks mixed fortunes for world economy
Rising oil prices handed a major boost to producers but threaten the global recovery and stoke inflationary pressures because they...
- Global supplies have been disrupted because US production remains hampered by the ongoing fallout from Hurricane Ida.
- OPEC now expects global oil demand to exceed its pre-pandemic level in 2022 thanks to Covid vaccines and recovering economies.
Business
Netflix buys first video game studio
The company has bought the California-based Night School Studio
- The company has bought the California-based Night School Studio
- Netflix had indicated its intention to venture into video games in July
Science
NASA’s Lucy mission to probe Jupiter’s mysterious Trojan asteroids
The probe, called Lucy after an ancient fossil that provided insights into the evolution of human species, will launch on...
- The probe, called Lucy after an ancient fossil that provided insights into the evolution of human species, will launch on October 16 from Cape Canaveral Space Force Station
- Its mission is to investigate the group of rocky bodies circling the Sun in two swarms, one preceding Jupiter in its orbital path and the other trailing behind it
Elon Musk wants US regulators to let cryptocurrency ‘fly’
Los Angeles: Tesla chief executive Elon Musk thinks US regulators should take cryptocurrency out of their crosshairs, leaving it free...
- China's central bank last week said all financial transactions involving cryptocurrencies are illegal.
- Tesla early this year announced it had bought $1.5 billion worth of Bitcoin.
Business
OPEC sees oil demand growing over next two decades
The cartel's world oil outlook goes against the vision of the International Energy Agency, which warned in May that demand...
- Developing countries will fuel demand while it will begin to fall in wealthier nations from 2023, said OPEC.
- The OPEC report comes as Brent crude oil prices jumped above $80 per barrel for the first time in almost three years.
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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
Saudi FM says blocking of West Bank delegation shows Israeli rejection of peace process
Ministers from Saudi Arabia, Egypt, Jordan and Bahrain, along with the Arab League chief, had planned a trip to the...
Geostrategy
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China implores all sides to prevent Yemen conflict expanding
Beijing, China--China called Friday for all sides to prevent the Yemen conflict from expanding, after strikes by the United States and...
Geostrategy
Tesla suspends production in Germany
Houthi attacks in the Red Sea caused a shortage of parts.
Business
Wars to cast pall over meeting of global VIPs in Davos
Paris, France - The world's political and business elites will convene in Davos next week, with wars in Gaza and Ukraine...
Business
Most Read
Geostrategy
US and UK target Houthi radar, missile capabilities
US President Joe Biden termed the the US and British strikes a "defensive action" after the Red Sea attacks, and...
- Houthis said their forces will continue targeting Israel-linked ships in the Red Sea
- A Houthi spokesman said Western air strikes on Yemen killed five people and wounded six
Geostrategy
Gaza devastated and ‘largely depopulated’ as war nears 100 days
GAZA, PALESTINIAN TERRITORIES - Bombed-out neighborhoods, mass graves dug in the sand, spreading hunger and disease -- as the bloodiest...
- Many thousands of strikes have rained down on the long-blockaded and densely populated Mediterranean coastal strip
- Much of northern Gaza has been reduced to a dusty wasteland and largely depopulated as Israeli troops have launched ground invasion
Economy
US consumer inflation jumps more than expected to 3.4 percent
Washington, US - Consumer inflation in the United States rose more than anticipated in December, government data showed Thursday, underscoring the...
- The Department of Labor's consumer price index (CPI), a key measure of inflation, was up 3.4 percent from a year ago and higher than November's figure
- But underlying pressures still appear to be ebbing, as a "core" metric that strips out volatile food and energy prices cooled to 3.9 percent in the last month of 2023