US AI firm Palantir announces joint venture in Dubai
Dubai, United Arab Emirates -- US software firm Palantir launched a joint venture with the Dubai government's investment arm on...
Business
Business
New mega-refinery helps Kuwait to record capacity: minister
Made up of three component units, the huge Al-Zour refinery is one of the biggest in the Middle East. It was...
- OPEC member Kuwait aims to reach a production capacity of 4 million bpd by 2035.
- Kuwait operates three refineries at home and three abroad -- in Oman, Vietnam and Italy.
Palestinian fighters release video of Israeli hostage alive in Gaza
The Hostages and Missing Families Forum campaign group identified him as Alexander (Sasha) Trupanov, and called on the Israeli authorities...
- The captive, identified by Israeli media as Sasha Trupanov, 28, is seen speaking in Hebrew in the 30-second clip
- Trupanov, a Russian-Israeli dual national, was captured on October 7 from Kibbutz Nir Oz along with his mother, grandmother and girlfriend
Geostrategy
Palestinians flee Rafah as Israeli expands ground assault
Rafah, Palestinian Territories -- Hundreds braved roads in Rafah in south Gaza Tuesday as they fled Israel's expanding ground assault, with...
- UNRWA, the United Nations agency for Palestinian refugees, said that one million civilians had fled Rafah since the ground attack went ahead despite global warnings.
- The health ministry in Hamas-run Gaza said in a statement that Israeli shelling in and around health facilities in the governorate has left just one still operational.
Business
UAE president on state visit to S Korea, meets top business chiefs
President Sheikh Mohamed bin Zayed Al Nahyan is the first sitting UAE president to make a state visit to Asia's fourth-largest...
- Follow-up announcements to the investment plan, which is expected to cover arms and energy, are expected to be made during the two-day visit which includes a summit with Yoon.
- The Emirati president met leaders of South Korea's largest companies upon his arrival, most notable the chairmen of Samsung Electronics, SK Group and Hyundai Motor Group.
Geostrategy
Gaza civil defense says new Israel strike kills 21 in West Rafah camp
Israel launched its controversial assault on Rafah earlier this month, dismissing concerns for the safety of the 1.4 million Palestinian...
- 21 people had been killed in an "occupation strike targeting the tents of displaced people west of Rafah"
- An Israeli strike on Sunday set ablaze a crowded camp in Rafah, killing 45 people
Geostrategy
Saudi king chairs cabinet meeting after ‘recovery’
The meeting comes nearly 10 days since the royal court said the king had a lung infection and was undergoing...
- King Salman "thanked his sons and daughters, the people of the kingdom, for their kind prayers" during his recovery
- He also expressed his gratitude to everyone who sent him wishes of health and well-being
Egypt military says guard killed in ‘shooting’ at Rafah border
Al-Qahera News, which has links to Egyptian intelligence, quoted a defence official as saying an initial probe of the shooting...
- The Israeli military reported a "shooting incident" on the Egyptian border and said it was discussing the incident with Egypt
- Since May 7, Israeli forces have been operating in Rafah, a city in the far south of the Gaza Strip bordering Egypt
Geostrategy
Spain, Ireland and Norway recognize Palestinian state
The plans were unveiled last week in a coordinated announcement by their prime ministers, with formal recognition to take place...
- The three European countries believe their initiative has strong symbolic impact, which will likely encourage others to follow suit
- "Recognising the state of Palestine is about justice for the Palestinian people," Spanish Foreign Minister Jose Manuel Albares said on Monday in Brussels
Business
Saudi PIF launches Neo Space Group to boost space industry
Riyadh, Saudi Arabia -- Saudi Arabia's Public Investment Fund (PIF)on Monday launched the Neo Space Group to work on the kingdom's...
- The Neo Space Group or NSG is the "PIF's first investment focused on the space industry", the sovereign wealth fund said in a statement.
- It "aims to develop and enhance commercial space operations in Saudi Arabia, providing innovative satellite and space solutions locally and globally", the PIF said.
Geostrategy
Israel faces global outcry over Gaza strike that set ablaze tent city
The UN called on Israel to conduct a "thorough and transparent" investigation into the Rafah strike, as the Israeli military...
- Across the region, the Israeli attack sparked strong protests from mediators Egypt and Qatar as well as from Jordan, Kuwait, Saudi Arabia and Turkey.
- Turkish President Recep Tayyip Erdogan said "we will do everything possible to hold these barbarians and murderers accountable".
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Lebanese craftsman keeps up tradition of tarboosh hat-making
Tripoli, Lebanon -- Nestled among shops in a bustling market in north Lebanon's Tripoli, Mohammed al-Shaar is at his workshop...
Arts & Culture
Iran security chief meets officials in Iraq before Lebanon visit
Ali Larijani, the head of Iran's top security body, met with senior officials in Iraq on Monday, ahead of a...
Geostrategy
Most markets rise as China-US tariff truce extended, US inflation data in focus
In an executive order, the White House reiterated its position that there are "large and persistent annual US goods trade...
Economy
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Geostrategy
US toughens terrorism ban of Pakistan separatist fighters
The United States on Monday toughened its terrorist designation of separatist militants in Pakistan's southwest Balochistan province who were behind...
- The State Department listed the Baloch Liberation Army (BLA) as a foreign terrorist organization, which makes it a crime in the United States to provide support to the group
- Washington had already listed the BLA under the less severe label of specially designated global terrorists, which targets financial resources
Geostrategy
UN, media groups condemn Israel’s deadly strike on Al Jazeera team in Gaza
Dozens of Gazans stood amid bombed-out buildings in the courtyard of Al-Shifa Hospital in Gaza City to pay their respects...
- Hospital director Mohammed Abu Salmiya said a sixth journalist, freelance reporter Mohammed Al-Khaldi, was killed in the strike that targeted the Al Jazeera team.
- Mourners including men wearing blue journalists' flak jackets carried their bodies, wrapped in white shrouds with their faces exposed, through narrow alleys to their graves.
Business
Abu Dhabi’s AI sector expands 61% in one year: Abu Dhabi Chamber
Abu Dhabi, UAE -- Abu Dhabi’s artificial intelligence (AI) sector witnesses a 61 percent increase between June 2023 and June...
- Globally, there are approximately 90,904 AI companies as of 2024, which places Abu Dhabi’s AI company count as a notable concentration within the global landscape.
- Abu Dhabi Chamber has revealed that over 58 percent of all AI firms in the emirate are dedicated to innovation, research, and consultancy.