Trade truce in balance as Trump meets ‘tough negotiator’ Xi: ‘We’ll have a great understanding’
The world's two top economies' trade tussle -- encompassing everything from rare earths to soybeans and port fees -- has rocked...
Geostrategy
Pakistan says peace talks with Afghanistan ‘failed’
Islamabad, Pakistan - Pakistan said Wednesday that negotiations for a lasting truce with Afghanistan had "failed to bring about a...
Geostrategy
Business
Mubadala acquires KELIX bio
KELIX bio is a specialty pharmaceutical business.
- KELIX bio was incepted in November 2020, and has since acquired manufacturing businesses in India, Egypt, Malta and Morocco.
- Mubadala said the acquisition aligns with Mubadala's goal to position the UAE prominently in the global life sciences sector.
Geostrategy
European Union probes Apple, Google, Meta under new digital law
Among six firms named as market "gatekeepers" under the EU's landmark Digital Markets Act -- along with Amazon, TikTok owner...
- The European Commission, the EU's antitrust regulator, said it suspects the measures the firms have put in place so far "fall short of effective compliance".
- Under the new rules, the commission can impose fines of up to 10 percent of a company's total global turnover. This can rise to up to 20 percent for repeat offenders.
Business
Nissan to shrink EV production costs
The automaker will slash production costs by 30 percent.
- By 2030, Nissan aims to make electric models at the same price as traditional combustion engine cars, the firm said as it announced a new mid-term strategy
- Japanese auto giant Nissan said Monday it aims to launch 30 new models over the next three years, 16 of which would be "electrified"
Geostrategy
Singapore makes Israel embassy delete ‘insensitive’ Palestinian post
Singapore, Singapore--Singapore made the Israeli embassy in the city-state take down an "insensitive" social media post about the Palestinians over the...
- Singapore's Minister for Home Affairs K. Shanmugam said he asked Singapore's foreign ministry to tell the Israeli embassy to remove the post
- The minister said the post was insensitive and inappropriate. and carried the risk of undermining our safety, security and harmony in Singapore
Geostrategy
Macron warns Israel over any Rafah forced population transfer
In a telephone call between the two leaders, Macron also "strongly condemned" Israel's announcement Friday of the seizure of 800...
- Macron told Netanyahu France would bring a draft resolution to the UNSC calling for a "lasting ceasefire"
- Emmanuel Macron had talks with Jordan's King Abdullah II, discussing the "humanitarian situation in Gaza"
Geostrategy
Christians of Gaza pray for peace in times of war and destruction
Christian families from Gaza have found refuge inside the church with the memory of two women killed in December by...
- Worshippers inside the church in their dress clothes lined the wooden pews decorated with palm fronds for the service marking the start of Easter week
- Away from Gaza, Palestinian Christians marked Palm Sunday in Jerusalem with the fate of the people trapped by war weighing heavily upon them
Geostrategy
China supports new UNSC draft resolution on Gaza ceasefire
Last Friday, the Security Council voted on a draft submitted by the United States that called for an "immediate" ceasefire...
- The health ministry in the Hamas-run Gaza Strip on Sunday put the total death toll in the territory at 32,226, most of them women and children
- Permanent Council member and key Israel backer the United States has unequivocally supported Israel's right to defend itself following Hamas's attacks
Geostrategy
Aid to Gaza ‘requires Israel removing’ obstacles, says UN chief
Antonio Guterres repeated his call for an "immediate humanitarian ceasefire" to alleviate "the plight of Palestinian children, women and men...
- He said the whole world recognises that it's past time to silence the guns in Gaza
- The UN has repeatedly warned of famine in the Palestinian territory, particularly in the north
Arts & Culture
World’s only Dragon Ball theme park launched in Saudi Arabia’s Qiddiya City
RIYADH, SAUDI ARABIA – The Board of Directors of the Qiddiya Investment Company (QIC) revealed on Sunday the launch of...
- Nestled within Qiddiya City, just 40 minutes from Riyadh, this never-seen-before anime theme park is set to become a spectacle.
- Inspired by the seven legendary Dragon Balls, visitors can navigate seven distinctively themed zones within the park.
Geostrategy
Red Crescent says Israel army besieges two more Gaza hospitals
PALESTINIAN TERRITORIES – The Palestinian Red Crescent said on Sunday that Israeli forces were besieging two hospitals in southern Gaza,...
- Israel has mounted several raids at and near hospitals in Gaza since the war began last October.
- The medical organization said a volunteer worker at the hospital was killed by Israeli gunfire early on Sunday.
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
Trade truce in balance as Trump meets ‘tough negotiator’ Xi: ‘We’ll have a great understanding’
The world's two top economies' trade tussle -- encompassing everything from rare earths to soybeans and port fees -- has rocked...
Geostrategy
Company News
Latest News
Trump warns of ‘real starvation’ in Gaza as aid deliveries pick up after Israeli “tactical pause”
Speaking in Scotland after meeting Britain's leader, Trump contradicted Israeli Prime Minister Benjamin Netanyahu, who had earlier dismissed fears of...
Geostrategy
Iran vows stronger response if attacked again by US, Israel
It remains unclear how much damage was caused by the US strikes on Tehran's nuclear facilities, which came after Israel...
Geostrategy
Palantir, the AI giant that preaches US dominance
Palo Alto, United States - Palantir, an American data analysis and artificial intelligence company, has emerged as Silicon Valley's latest...
Business
Most Read
Geostrategy
Food arrives in Gaza after Israel pauses some fighting
Gaza City, Palestinian Territories -- Truckloads of food reached hungry Gazans on Monday after Israel promised to open secure aid...
- Israel imposed a blockade on Gaza on March 2 after talks to extend a six-week ceasefire broke down. Nothing was allowed into the territory until late May.
- Jordan and UAE have begun air-dropping aid packages by parachute over Gaza, while Egypt has sent trucks through its Rafah border crossing to an Israeli post just inside Gaza.
Business
European Union probes UAE oil giant’s purchase of Germany’s Covestro
Brussels, Belgium -- The European Commission on Monday announced an investigation into the takeover of German chemical firm Covestro by...
- "The commission has preliminary concerns that foreign subsidies granted by the UAE could distort the EU internal market," a statement by the bloc's executive arm said.
- Plastics maker Covestro accepted a bid -- valuing the company at 12 billion euros ($14 billion) -- from the Abu Dhabi National Oil Company in October.
Geostrategy
Major Israeli rights groups brand Gaza campaign ‘genocide’, a first for Israeli NGOs
Rights groups B'Tselem and Physicians for Human Rights Israel have been frequent critics of Israeli government policies, but the language...
- "Nothing prepares you for the realization that you are part of a society committing genocide. This is a deeply painful moment for us," B'Tselem executive director Yuli Novak said.
- The reports from B'Tselem and Physicians for Human Rights Israel argue that the war's objectives go further.