Trump says no reason to meet Xi, threatens ‘massive’ China tariffs
US President Donald Trump said Friday he no longer feels the need for a summit with Chinese leader Xi Jinping...
Economy
Top conservation group meets in UAE on growing threats to nature
Abu Dhabi, United Arab Emirates -- The world's top conservation body kicked off its world congress Thursday in the Emirati...
Geostrategy
Arts & Culture
McIlroy surges into two-shot lead at Dubai Invitational
DUBAI, UAE - Rory McIlroy kicked off his year with a sparkling nine-under-par 62 to take a two-stroke lead after the...
- The world number two is playing his first event since the DP World Tour Championship last November.
- McIlroy made headlines earlier this week when he claimed a "world tour" was his "dream scenario" for golf.
Geostrategy
Israel bombs Gaza as Blinken says no regional escalation
As Blinken wrapped up a whistlestop tour of the region, the International Court of Justice (ICJ) heard arguments in a...
- In Cairo, Blinken met with Egyptian President Abdel Fattah al-Sisi, a key mediator in efforts to end the war sparked by Hamas's October 7 attacks on Israel.
- Blinken outlined a possible post-war future for Gaza on Wednesday after meeting Palestinian president Mahmud Abbas.
Business
Infosys lowers revenue forecasts
Its net profit fell 7.29% Y-o-Y in the three months to December.
- It reported a decline in profit for the October-December quarter, and revised its revenue growth guidance to 1.5-2.0 percent in constant currency terms
- A big employer of India's engineering graduates, the company upset markets last quarter after it said it would halt campus hiring in an effort to cut costs
Geostrategy
Iran’s navy seizes oil tanker off Oman in dispute with US
The announcement came hours after a British-navy maritime security agency said armed men boarded the Greek-owned, Marshall Islands-flagged St Nikolas...
- Iran has responded with tit-for-tat measures in the past after seizures of Iranian oil shipments. US sanctions target Iranian oil sales in a bid to reduce Iran's energy exports.
- The Islamic republic has been under crippling US sanctions reimposed following Washington's 2018 withdrawal from a landmark nuclear deal.
Geostrategy
South Africa accuses Israel of genocide at top UN court
A world away from the death and destruction in Gaza and Israel, robed lawyers battled it out over technical legal...
- South Africa has lodged an urgent appeal at the International Court of Justice (ICJ) to force Israel to "immediately suspend" its military operations in Gaza
- Top lawyer for South Africa Adila Hassim said Israel's bombing campaign aimed at the "destruction of Palestinian life" and had pushed Palestinians "to the brink of famine"
Business
EU court’s adviser says $2.6bn fine on Google be upheld
Google suffered a legal blow at the European Court of Justice when the body's adviser recommended that a US$2.6 billion...
- The opinion will feed into a legal battle Google has been waging to overturn the fine the European Commission hit it with in 2017.
- The commission determined that Google abused its dominant position by favoring its own Google Shopping service.
Israel army claims two journalists slain in Gaza strike were ‘terror operatives’
Israeli army said Mustafa Thuria was identified in a document found by troops in Gaza to be a member of...
- Hamza Wael Dahdouh and Mustafa Thuria, who also worked as a video stringer for AFP and other news organizations, were killed on Sunday
- The Israeli army said that both the deceased journalist were members of Gaza-based fighters organizations actively involved in attacks against IDF
Houthi attacks idle Suez Canal, deepen Egypt’s economic woes
The man-made waterway - which officially opened in 1869 - is crucial for Egypt, earning it $9.4 billion in transit...
- IMF figures show 35 percent less cargo was transported through the Suez Canal in the first week of 2024 compared with the same period last year
- Analysts say the financial impact will become painful if Houthi attacks keep throttling traffic through the main maritime artery connecting Europe and Asia
Geostrategy
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...
- Wang's visit to Egypt will follow that of US Secretary of State Antony Blinken, who is set to meet President Abdel Fattah al-Sisi in Cairo
- China has historically been sympathetic to the Palestinian cause and supportive of a two-state solution to the Israeli-Palestinian conflict
Economy
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,...
- The IEA said the largest growth took place in China, with wind power additions rising by 66%
- Europe, the US and Brazil also hit all-time highs in renewable energy capacity
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
Trump says no reason to meet Xi, threatens ‘massive’ China tariffs
US President Donald Trump said Friday he no longer feels the need for a summit with Chinese leader Xi Jinping...
Economy
Company News
Latest News
France shuts Israeli weapons industry booths at Paris Air Show
The decision added drama to the major aerospace industry event, which was already under the shadow of last week's deadly...
Geostrategy
Netanyahu sees Gaza hostage release ‘opening’, orders talks
Israeli Prime Minister Benjamin Netanyahu said Sunday he ordered negotiators to "advance" talks on releasing hostages held in Gaza, after...
Geostrategy
Abu Dhabi state oil firm makes US$18.7 billion bid for Australia’s Santos
Sydney, Australia - Abu Dhabi's state-owned oil company is leading a takeover bid for Australian energy group Santos, valuing it...
Business
Most Read
Geostrategy
Trump due in Canada as G7 confronts Israel-Iran crisis, may consider joint stance
Trump has praised Israel's strikes, noting it used US weapons, even though Prime Minister Benjamin Netanyahu defied his public calls...
- The three-day gathering in the mountain town of Kananaskis marks the return to the international diplomatic calendar of Trump
- Canadian Prime Minister Mark Carney had designed an agenda aimed at minimizing disagreements within the club of wealthy industrial democracies
Geostrategy
Israel pounds Iran from west to east in deepest strikes yet, Tehran police headquarters hit
Israel's military said its air force hit Mashhad airport in Iran's far east, making it the longest-range strike of the...
- With no let-up in sight, Iran said it would begin opening mosques, metro stations and schools to serve as makeshift bomb shelters for civilians.
- As Israel targeted sites across the Islamic republic, Iran launched a barrage of missiles aimed at Israel in the afternoon, setting off air raid sirens in Jerusalem and elsewhere.
Geostrategy
Trump pocketed over $57 mn from crypto coin sales
New York, United States -- US President Donald Trump pocketed more than $57 million from token sales by the crypto...
- Federal financial disclosure forms released by the White House list the US president's holdings including stocks, dividends, real estate and investment portfolios.
- Once hostile to the crypto industry, Trump has since returning to power enthusiastically embraced the sector, taking significant steps to clear regulatory hurdles.