UAE ‘probably’ won’t join Gaza stabilization force: senior official
Abu Dhabi, UAE -- The United Arab Emirates is not planning to join the international stabilisation force for Gaza because...
Geostrategy
Ukraine scrambles for energy with power generation at ‘zero’
Kyiv, Ukraine -- Ukraine was scrambling to turn lights and heating back on Sunday after Russian attacks targeting energy infrastructure...
Geostrategy
Geostrategy
Iran’s Khamenei formally grants Pezeshkian presidential powers
In a message read by the director of Khamenei's office, he said: "I endorse the vote (for) the wise, honest,...
- The endorsement ceremony was held in the capital Tehran in the presence of senior Iranian officials and foreign diplomats, and broadcast on state TV
- Following the event, acting president Mohammad Mokhber handed over official responsibilities to 69-year-old Pezeshkian
Business
AI startups swap independence for Big Tech’s deep pockets
Washington, United States -- It's the case of the vanishing startup: some of Silicon Valley's most promising names in the fast-developing...
- Critics believe these deals are acquisitions in all but name and have been especially designed by Microsoft or Amazon to avoid the attention of competition regulators.
- US, European and UK regulators on Tuesday signed a joint statement insisting that they won't let big tech companies run roughshod over the nascent AI industry.
Geostrategy
Israel vows retaliation after rocket kills 12 youths in occupied Golan Heights area
Israel's security cabinet on Sunday authorized Prime Minister Benjamin Netanyahu's government to decide on the "manner and timing" of a...
- Israel's military said Hezbollah fired the rocket from Lebanon, hitting a football pitch in the Druze town of Majdal Shams and killing the youngsters, between 10 and 20 years
- Hezbollah strongly denies involvement while the US and Israel pinned blame on Hezbollah. EU is pitching for an independent investigation into the incident
Business
US defends forcing sale of TikTok app
TikTok's suit argues this violates First Amendment rights of free speech.
- US intelligence agencies are concerned that China can "weaponize" mobile apps, justice department officials said
- A bill signed by President Joe Biden early this year set a mid-January 2025 deadline for TikTok to find a non-Chinese buyer or face a US ban.
Gaza mediators, Israel spy chief to meet in Rome: Egypt media
"A four-way meeting between Egyptian officials and their American and Qatari counterparts, in the presence of Israel's intelligence chief, will...
- Egypt, along with Qatar and the United States, has been involved in months of mediation efforts aimed at ending the Israel-Hamas war
- The proposed truce deal would be linked to the release of hostages held by Gaza fighters in exchange for Palestinian captives held in Israel
Economy
Asian markets battle to recover from tech rout after reassuring US data
Asian traders struggled to fight back Friday after a tech-fuelled sell-off, taking heart from forecast-beating US growth data that reassured...
- Figures showing the US economy expanded far more than expected in the second quarter
- Attention now turns to personal US consumption expenditure figures, due later today
UAE urges ‘temporary international mission’ for post-war Gaza
Washington has said repeatedly that it opposes post-war government of Gaza by either Israel or Hamas and has called for...
- It came after Arab heads of state called at a summit in May for the deployment of UN peacekeepers across the occupied Palestinian territories, an idea strongly opposed by Israel
- Israeli Prime Minister Benjamin Netanyahu has said little about his plans for post-war Gaza, but he wants Israel to retain control of security matters
Geostrategy
Palestinian and Jewish protesters stage rare peace march
Chanting "yes, to peace, yes, to a deal", hundreds of Palestinian and Jewish Israelis marched noisily through Tel Aviv on...
- Their agenda starts with a ceasefire in the Israel-Hamas war, but ultimately, they want to reboot Palestinian-Israeli relations,
- According to activists and watchdogs, Palestinian citizens of Israel have struggled to get authorization for anti-war protests
Geostrategy
Netanyahu, Biden to meet on elusive Gaza deal
Joe Biden will press Benjamin Netanyahu on Thursday to seal a Gaza ceasefire deal, despite the US president's shock election...
- Relations between Biden and Netanyahu are tense over Israel's conduct in the war
- Netanyahu's fiery speech to Congress sparked rowdy protests
Business
World’s richest 1% gained $40 trn in a decade: Oxfam
Paris, France - The world's richest one percent increased their fortunes by a total of $42 trillion over the past decade,...
- Despite this windfall, taxes on the rich had plummeted to "historic lows", the NGO added, warning of "obscene levels" of inequality
- Brazil has made international cooperation on taxing the super-rich a priority of its presidency of the G20, a group of countries representing 80% of the world's GDP
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
UAE ‘probably’ won’t join Gaza stabilization force: senior official
Abu Dhabi, UAE -- The United Arab Emirates is not planning to join the international stabilisation force for Gaza because...
Geostrategy
Company News
UAB net profit up by 50% for H1
Business
Latest News
Ex-owner of world’s largest rhino farm arrested for trafficking
Johannesburg, South Africa -- South African police said they arrested Tuesday the former owner of the world's largest rhino conservation...
Geostrategy
Stock markets cautious with eyes on Ukraine talks, US rates
Markets were also waiting for a key speech by the US Federal Reserve chief this week for clues on interest...
Economy
Israel demands release of all hostages after Hamas backs new truce offer
Mediators are awaiting an official Israeli response to the plan, a day after Hamas signaled its readiness for a fresh...
Geostrategy
Most Read
Geostrategy
Under Rubio, US has revoked visas of 6,000 students deemed to counter US interests
Rubio, to the delight of President Donald Trump's right-wing base, has proudly moved against students using an obscure law that...
- The State Department did not break down the visas by nationality, even though Rubio has vowed to be aggressive in targeting students from China.
- The top US diplomat in March told reporters that he was revoking visas daily, saying of activist students: "Every time I find one of these lunatics, I take away their visas."
Geostrategy
Putin and Zelensky set for peace summit after Trump’s talks with him, alongside European leaders
Trump met Russian President Vladimir Putin in Alaska on Friday but the talks failed to yield any breakthrough on a...
- Trump met Russian President Vladimir Putin in Alaska on Friday but the talks failed to yield any breakthrough on a ceasefire
- Though White House envoy Steve Witkoff said both leaders had agreed to provide "robust security guarantees" to Ukraine
Business
Games industry in search of new winning combo at Gamescom 2025
Paris, France -- The global games industry gathers for the vast Gamescom trade fair in Cologne this week, with hopes...
- 2024 Gamescom drew almost 335,000 people to the Cologne exhibition center, where studios lay on vast stands with consoles or PCs offering hands-on play with the latest releases.
- Nintendo is back in 2025 after staying away last year, surfing on record launch sales for its Switch 2 console.