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
Stitching change: Moroccan women weave livelihoods through Art
Sidi Rbat, Morocco - In a small village on the coast of southern Morocco, women gather in a house to...
Arts & Culture
Geostrategy
Algeria closes airspace to all Moroccan planes
Algeria said Wednesday it has closed its airspace to all Moroccan planes due to "provocations and hostile practices" by...
- The move comes after Algeria broke off diplomatic ties with Morocco on August 24, accusing it of "hostile actions"
- The decision was announced after a meeting of the High Security Council chaired by President Abdelmadjid Tebboune
Geostrategy
US, Iran edge closer to resuming nuclear talks: Experts
Talks between Iran and the five other countries still party to the 2015 Iran nuclear deal were launched in April...
- The deal gives IAEA inspectors access to surveillance equipment and to service cameras at Iranian nuclear facilities.
- Several Iranian analysts say both sides have realized the current path cannot be continued.
Arts & Culture
Woman turns home into school in war-torn Yemen
Amina Mahdi had already been teaching children to read and write before the outbreak of the impoverished country's devastating war...
- More than 2,500 schools in the country are unfit for use, with some destroyed and others turned into refugee camps.
- UNICEF has estimated that two million children were without school even before the coronavirus pandemic.
Geostrategy
US to donate 500m additional Covid vaccines to the world
In his first speech to the UN as president, Biden told delegates that the US had put more than $15...
- The US and other rich countries drew flak for rolling out booster doses for their populations while much of the world faced vaccine shortages.
- Just 3.6 percent of Africa's eligible population has been inoculated, compared with an average of more than 60 percent in Western Europe.
Business
Facebook hits back at scathing reports
The company is under pressure to guard against being misinformation platform
- The company is under pressure to guard against being misinformation platform
- One of the articles, citing Facebook's own research, said a 2018 change to its software ended up promoting political division
Geostrategy
US leftist Democrats object to Israel’s Iron Dome funding
The row underlined that progressives are becoming increasingly skeptical of no-strings-attached aid to America’s key ally in the Middle East.
- The row underlined that progressives are becoming increasingly skeptical of no-strings-attached aid to America’s key ally in the Middle East
- Operational for a decade, the Iron Dome has intercepted and destroyed thousands of short-range rockets and artillery shells launched by Hamas militants from Gaza
Geostrategy
Erdogan: Turkey will ratify Paris Climate Agreement
Turkish president told the UN General Assembly that Turkey will complete the ratification process in time for the November UN...
- Turkish president told the UN General Assembly that Turkey will complete the ratification process in time for the November UN Climate Change Conference in Glasgow
- Turkey in April 2016 signed the landmark agreement on limiting the dangerous emissions that contribute to global warming
Business
Tradition in Tehran’s oldest teahouse
Tucked in an alleyway of the Grand Bazaar, Kazem Mabhutian’s 1.5-square-metre chaikhaneh (tea house) is invisible from the main street.
- Tucked in an alleyway of the Grand Bazaar, Kazem Mabhutian’s 1.5-square-metre chaikhaneh (tea house) is invisible from the main street.
- And yet it is the most famous among tea connoisseurs in the Iranian capital
Business
Iraqi cement-makers angry at fuel subsidy cut
The oil ministry earlier this month raised the price of fuel sold to cement manufacturers from 150 dinars per litre...
- The measure has caused industry outrage in the crisis-hit country, where some regions are still waiting for post-war reconstruction
- The subsidised fuel price for cement manufacturers was originally approved in exchange for their commitment to cap the price of cement
Economy
Fed may hint at ending stimulus, but no big moves expected
The growing consensus is that the much-anticipated first step will not be announced until November and ultimately begin in December.
- The growing consensus is that the much-anticipated first step will not be announced until November and ultimately begin in December
- But Fed Chair Jerome Powell could still provide details on the plans to start to taper the massive bond buying program
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
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
Company News
Latest News
Chinese foreign minister to visit Egypt, Tunisia this week: ministry
Wang's overseas travel will coincide with another trip abroad by a top Chinese official, Premier Li Qiang, this week. Li...
Geostrategy
World adds 50% more renewable energy capacity in 2023
The International Energy Agency said that the renewable energy capacity added to energy systems went up 50 percent in 2023,...
Economy
Jordan king, Sisi and Abbas call to ‘maintain pressure’ for Gaza ceasefire
A royal palace statement issued after the meeting said the three leaders had "reiterated the need to maintain pressure to...
Most Read
Business
Uber, Kia sign EV partnership
It is aimed at "enhancing electric vehicle offerings".
- Uber and Kia said they are committed to "collaborate on Kia's planned development and deployment" of its new series of electric vehicles
- The partnership of the two companies is aimed at "enhancing electric vehicle offerings available on Uber's mobility platform," they said
Economy
US regulators authorize first bitcoin funds on public markets
The authorization of the ETFs - which are comparable to stocks or mutual funds as far as accessibility to everyday...
- Regulators approved proposals for 11 ETFs to list on leading exchanges including the New York Stock Exchange, the Securities and Exchange Commission said in a 22-page order
- Exchange-traded funds are traded on public markets, granting investors exposure to price movements in asset prices without taking direct ownership of the underlying assets
Arts & Culture
Son set to light up Asian Cup as Qatar takes center stage again
The 24 teams spanning Australia to Palestine will battle for regional glory over the next four weeks, culminating in the...
- The 18th edition of the Asian Cup was supposed to have been held last summer in China but was moved to World Cup host Qatar because of China's Covid-19 rules
- Qatar will mostly use stadiums that staged World Cup matches, a notable absentee being Stadium 974, the temporary arena made partly of shipping containers