Abu Dhabi awards contract for mega solar project
Dubai, United Arab Emirates -- Abu Dhabi, the capital of leading oil producer the United Arab Emirates, said Friday it...
Business
Nearly one in six children in Gaza acutely malnourished: study
The study, the most detailed look so far at child hunger in Gaza, analysed data on more than 200,000 children...
Geostrategy
Oil prices slump but stock markets mostly higher
Wall Street indices enjoyed solid gains, including the Dow, which mustered a 0.6 percent advance in spite of an eight...
- US and European oil futures fell around four percent after top exporter Saudi Arabia cut the price of its crude, weighing also on shares of energy majors, analysts said
- Drop in oil prices weighed on energy shares, with Shell down 2.9 percent as investors reacted to mixed trading update ahead of British oil major's annual earnings due next month
Business
Samsung expects profit dip
The tech giant forecasts profit to fall to US$2.1bn for Q4.
- The tech giant said in October that it expected better conditions for the memory market in 2024
- The South Korean firm is expected to release its final earnings report for 2023 at the end of this month
Qatar under pressure in Asian Cup defence after abrupt Queiroz axing
Queiroz, who coached Iran at the World Cup and was assistant to Alex Ferguson at Manchester United, had a four-year...
- Former Real Madrid and Portugal coach Queiroz took over following the departure of Felix Sanchez, but in early December the Portuguese was sacked and replaced by Tintin Marquez
- Marquez is a familiar face to Qatari fans because he coached Al Wakrah in the domestic league and has a long relationship with football in the Gulf state
Blinken discusses Israel normalization in tented Saudi talks
US top diplomat Antony Blinken also said all the leaders on his tour, which took him to six countries before...
- In just three days, Blinken has visited Turkey, Greece, Jordan, Qatar and the UAE on his fourth regional tour since the start of the Israel-Hamas conflict
- He said there was "broad agreement" on security for Israel, united Palestinian leadership for the occupied West Bank and Gaza and an eventual independent Palestinian state
Geostrategy
China’s ties with US ‘stabilized’ last year, says Wang Yi
In an attempt to lower recriminations in the relations between the two countries, President Joe Biden met Chinese counterpart Xi...
- Wangi Yi said that China and US have restructured communication and dialogue
- Both have also bickered over China's increasingly assertive policy in the South China Sea
Geostrategy
Israel faces Gaza ‘genocide’ case at UN top court
South Africa wants the ICJ to impose "provisional measures", or emergency actions, while the broader case is being considered --...
- In an 84-page submission to the International Court of Justice (ICJ), South Africa urged judges to order Israel to "immediately suspend its military operations" in Gaza
- South Africa alleges that Israel "has engaged in, is engaging in, and risks further engaging in genocidal acts against the Palestinian people in Gaza".
Economy
Markets drop as US jobs deal fresh blow to early rate cut hopes
Hong Kong, China - Asian markets stumbled out of the gates Monday, extending last week's grim start to the year, after...
- The keenly awaited non-farm payrolls data Friday showed the world's number one economy remains resilient despite interest rates sitting at a two-decade high
- Equities ended 2023 with a surge as traders bet on a string of reductions this year thanks to falling inflation and a softening of the labor market
Geostrategy
Iran supports Baghdad pledge to expel US-led forces from Iraq
"We have repeatedly expressed our views to the authorities of the countries of the region, including Iraq, and declared that...
- Iran is confident that its neighbor has "the ability, strength and authority necessary to maintain security" on its territory alone, Iranian official Kanani said
- US and other coalition forces in Iraq, deployed since 2014 in the fight against the IS, have come under regular attack since Gaza war
Business
Apple’s Vision Pro headset available in US on February 2
WASHINGTON, US - Apple on Monday said it will release its highly anticipated Vision Pro mixed reality headset in the United...
- Announced in June, the Vision Pro will cost a hefty $3,499 before tax, more than double the price of Meta's top-of-the-range Quest Pro headset.
- The headset has been in development at Apple for years, and is seen as a much needed boost to a segment that Facebook-owner Meta has struggled to grow.
Business
Energy companies to test CO2 capture in Brazil undersea oil field
PARIS, FRANCE - A consortium of Brazilian, British, French and Chinese energy firms will test new technology aimed at capturing CO2...
- The pilot unit will separate oil from CO2-rich natural gas at the bottom of the ocean and reinject the gas directly into the reservoir, TotalEnergies said.
- The company said the high pressure subsea separation (HISEP) technology has the potential to reduce the intensity of greenhouse gas emissions.
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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
Abu Dhabi awards contract for mega solar project
Dubai, United Arab Emirates -- Abu Dhabi, the capital of leading oil producer the United Arab Emirates, said Friday it...
Business
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UK moving assets, jets, to Middle East amid Iran crisis, says Starmer
Britain is deploying assets, including fighter jets, to the Middle East amid tensions between Iran and Israel, UK Prime Minister...
Geostrategy
Russia to build Kazakhstan’s first nuclear power plant
Almaty, Kazakhstan - Russian nuclear energy giant Rosatom will lead the construction of the first atomic power plant in Kazakhstan,...
Geostrategy
Israel warns ‘Tehran will burn’ after wave of Iranian missile fire hit Tel Aviv
Following decades of enmity and conflict by proxy, it is the first time that Israel and Iran have traded fire...
Geostrategy
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Geostrategy
Activists marching to Gaza say were stopped in Libya, Egypt
Pro-Palestinian activists seeking to march to Gaza with the stated aim of breaking Israel's blockade on the territory were stopped...
- The Global March to Gaza had earlier said around 4,000 participants from more than 40 countries would gather in Cairo on Friday to head to the war-devastated Palestinian territory
- According to the plan, participants were set to travel by bus to the city of El-Arish in heavily securitised Sinai Peninsula before walking 30 miles towards the border with Gaza
Geostrategy
US judge extends detention of pro-Palestinian protest leader
Pro-Palestinian student protest leader Mahmoud Khalil remained in US detention Friday despite an expected release, his lawyer said, following reported...
- US District Judge Michael Fabiarz had issued an order Wednesday that the government could not detain or deport Khalil, a legal permanent resident
- But by Friday afternoon, the Trump administration "represented that the Petitioner is being detained on another, second charge," the judge wrote
Geostrategy
Iran fires back at Israel after onslaught targets nuclear facilities
Air raids sirens and explosions rang out across Israel after Prime Minister Benjamin Netanyahu took to the airwaves to warn...
- Air raids sirens and explosions rang out across Israel after Prime Minister Benjamin Netanyahu took to the airwaves to warn he expected "several waves of Iranian attacks."
- Smoke could later be seen billowing above the skyscrapers in downtown Tel Aviv, an AFP journalist reported, as Iran's Revolutionary Guard said it had attacked dozens of targets