Saudi Arabia to host ATP Masters 1000 tennis event from 2028
Paris, France -- The ATP announced on Thursday the creation of a new Masters 1000 event which will take place...
Geostrategy
Global trade system ‘at risk of derailment’: UN chief
Geneva, Switzerland -- The rules-based international trade system is in danger, UN chief Antonio Guterres warned Wednesday, amid spiraling debt,...
Geostrategy
Geostrategy
Iran launches imaging satellite Pars 1 from Russia
Iran announced the launch of a remote sensing and imaging satellite into orbit from Russia, according to state media. The...
- Iran’s Telecommunications minister said "Pars-I" was "fully domestically developed" in his country.
- In August 2022, Russia launched Iran's remote-sensing Khayyam satellite into orbit from Kazakhstan.
Geostrategy
Kurd authorities say Turkish strikes kill two PKK members
Arbil, Iraq - A Turkish drone strike in northwestern Iraq killed two members of a group affiliated to Turkey's outlawed Kurdistan...
- The fighters were members of the Sinjar Resistance Units, a group founded among the district's Yazidi community in response to occupation by the IS group
- There was no immediate word from the Turkish military, which has conducted deadly strikes against PKK targets in Iraq and neighboring Syria previously
Business
Major stock markets trade mixed as US inflation data awaited
London, United Kingdom - Major stock markets traded mixed Thursday before the release of US inflation data that could present a...
- Shares in Air France-KLM slumped nine percent after annual profit fell short of expectations as it fell into a final-quarter loss
- Yen jumped on rising expectations of a hike to Japanese interest rates, as other central banks look to reduce borrowing costs
Geostrategy
Israel killed 25,000 Palestinian women, children since Oct: Pentagon
"It's over 25,000," US Defense Secretary Lloyd Austin told lawmakers when asked during a House Armed Services Committee hearing for...
- Israel's relentless air and ground assault on Gaza has left more than 30,000 people dead, according to the territory's health ministry.
- The number provided by Austin is within the same range and come as Washington pushes for a ceasefire and a reduction in civilian casualties in Gaza.
Business
Sonatrach to invest $8.8bn in 2024 in gas exploration, production
Algiers, Algeria -- Sonatrach, the state-owned energy company of Algeria, will allocate $8.8 billion investment in 2024, which represents 17.6...
- The company's CEO, Rachid Hachichi, said majority of the allocated funds (71 percent) will be directed towards gas exploration and production activities.
- While the primary focus is on gas, Sonatrach also plans to dedicate a portion of its investments to refining and petrochemical sector (18 percent).
Business
Russia to ban petrol exports for six months to meet domestic demand
Despite being the world's third largest oil producer, Russia has suffered sporadic fuel shortages since last summer amid high demand...
- The Kremlin is also keen to avoid fuel shortages on the domestic market ahead of elections next month, in which President Vladimir Putin is seeking to extend his grip on power.
- Russia announced a similar export ban on diesel and petrol last year, after farmers in some regions were unable to harvest grain due to fuel shortages.
Geostrategy
Israeli troops ‘massacre’ 104 Palestinians at aid distribution point
More than 750 others were injured after Israeli soldiers opened fire on civilians gathered at an aid distribution point in...
- Earlier, the health ministry in Gaza said children have died "due to malnutrition, dehydration and widespread famine" at Al-Shifa hospital.
- The United Nations humanitarian agency OCHA described the food security situation as "extremely critical across Gaza, particularly in northern Gaza."
Saudi football body suspends, fines Ronaldo over gesture
Sports newspaper Al-Riyadiya reported Ronaldo as saying he respected all football clubs and that the gesture expressed "strength and victory"...
- Saudi Arabian Football Federation said the Al-Nassr captain and former Porto star was also fined a total of $8,000 for the move, which broke rules against provoking the public
- Video emerged after his side's 3-2 win against Al-Shabab showing Ronaldo making a repeated thrusting gesture towards his groin in response to crowds chanting Lionel Messi name
British Airways profit soars six-fold
The company said it was 92% booked for the first quarter of 2024.
- Profit after taxation jumped to 2.7 billion euros ($2.9 billion) in 2023 from 431 million euros in 2022, the airline conglomerate said in a results statement
- The company also issued a rosy outlook rooted in "robust" demand, adding that it was 92-percent booked for the first quarter of 2024 and 62-percent booked for the first half
Electronic Arts announces job cuts
The company is cutting about 5 percent of its workforce.
- The company behind hits including soccer game "FC24" is also "sunsetting" some titles and stopping development of others it thinks will not be successful
- The annual report Electronic Arts last year indicated it had 13,400 employees, meaning about 670 positions are being eliminated
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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 Arabia to host ATP Masters 1000 tennis event from 2028
Paris, France -- The ATP announced on Thursday the creation of a new Masters 1000 event which will take place...
Geostrategy
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In Cairo, the little indie cinema that could
Arts & Culture
Mediators working to bridge gaps in faltering Gaza truce talks
The indirect negotiations in Qatar appear deadlocked after both sides blamed the other for blocking a deal for the release...
Geostrategy
Low-cost carrier Wizz Air to stop Abu Dhabi operations
Budapest, Hungary -- Hungarian low-cost airline Wizz Air said Monday that it would end its Abu Dhabi operations, which have...
Business
Trump’s state visit to Britain set for September 17 to 19: palace
US President Donald Trump's second state visit to the United Kingdom will be between September 17 to 19, Buckingham Palace...
Geostrategy
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Geostrategy
Gaza civil defence says Israeli strikes kill 43 as truce talks deadlocked
Israel's military blamed it on a "technical error" when targeting a militant in the Nuseirat refugee camp in central Gaza,...
- Delegations from Israel and the Palestinian militant group have now spent a week trying to agree on a temporary truce to halt 21 months of devastating fighting in the Gaza Strip
- Washington is Israel's top ally and Donald Trump has been pushing for a ceasefire, with the US president saying Sunday he was hopeful of a deal
Geostrategy
Russia’s Lavrov visits Beijing to discuss Ukraine
Russian Foreign Minister Sergei Lavrov met Sunday in Beijing with his Chinese counterpart to discuss Ukraine and relations with the...
- Russia's top diplomat arrived in China following a visit to North Korea, where he received assurances of support in its conflict with Ukraine
- Lavrov and Wang Yi "discussed relations with the United States and the outlook for settling the Ukrainian crisis," Russia's foreign ministry said in a statement
Geostrategy
Gaza civil defence says Israeli strikes kill 43 as truce talks deadlocked
On the ground, civil defense agency spokesman Mahmud Bassal said at least 43 people were killed in the latest Israeli...
- Delegations from Israel and the Palestinian militant group have now spent a week trying to agree on a temporary truce to halt 21 months of devastating fighting in the Gaza Strip.
- But on Saturday, each side accused the other of blocking attempts to secure an agreement at the indirect talks in the Qatari capital, Doha.