Gold tops $4,000 for first time on political, economic worries
New York, United States - Gold topped $4,000 an ounce for the first time Wednesday as investors flocked to the...
Economy
GITEX25: G42 to host fireside chat with OpenAI CEO Sam Altman
Abu Dhabi, UAE – G42, the Abu Dhabi-based technology group, Wednesday announced its participation at GITEX Global 2025 with the...
Business
Blinken to tackle Gaza, NATO expansion with Turkey’s Erdogan
Turkish President Recep Tayyip Erdogan has turned into one of the Muslim world's harshest critics of the scale of death...
- US Secretary of State Antony Blinken arrived in Istanbul late Friday for the first leg of a trip that includes visits to Israel and West Bank, along with five Arab states
- Blinken's fourth crisis tour since the start of the Israel-Hamas war three months ago comes with fears mounting that the conflict will engulf swathes of the Middle East
Geostrategy
Houthis hold mass rally for Gaza in Yemen capital
Sanaa, Yemen - Thousands rallied in support of Gaza in the rebel-controlled Yemeni capital Sanaa on Friday, chanting anti-US and anti-Israeli slogans....
- The Houthis have launched more than 20 attacks on merchant ships in the Red Sea in recent weeks, saying they are acting in solidarity with Palestinians in the face of Israel's war
- Since the outbreak of the war on October 7, the Iran-backed rebels have organised weekly protests in Sanaa but Friday's demonstration was the "largest."
Geostrategy
Response to Aruri killing inevitable, says Hizbollah chief
BEIRUT, LEBANON - The head of Lebanon's Iran-backed Hizbollah group warned Israel on Friday that it will respond swiftly "on the...
- Saleh al-Aruri, who was killed in a missile strike widely attributed to Israel, is the most high-profile Hamas figure to be killed during the war.
- Israel has not claimed responsibility for the strike but a US defense official said on Wednesday that Tel Aviv had carried it out.
Business
Google Chrome begins restricting cookies in first step towards elimination
Paris, France - Google has begun limiting third-party cookies for some users of its Chrome web browser, a first step towards...
- Cookies, small files which are used to target advertising by tracking web navigation, have recently been subject to greater regulation.
- Google announced in January 2020 that it would begin eliminating third-party cookies within two years, but the start has been delayed several times.
Economy
Eurozone inflation rises to 2.9% in Dec mainly due to energy costs
The data supports comments by European Central Bank (ECB) chief Christine Lagarde, who has warned that Europe should remain on...
- Energy prices in the eurozone fell in December, by 6.7 percent on an annual measure, but that was less than the 11.5 percent drop in November
- Among the 20 countries that use the euro, Belgium and Italy had the lowest inflation rate, reaching 0.5 percent in December
Business
Tesla to recall 1.6m EVs in China
China is a vital component in US-based Tesla's global layout.
- Problems related to assisted driving functions and door-locking systems are said to be the reason for the recall of cars
- The recall also includes 7,538 imported Tesla models made between October 26, 2022 and November 16, 2023
Business
Dubai records $1.57 billion in weeklong real estate transactions
Dubai, UAE -- A total of 1,721 real estate and properties transactions valued at AED 5.8 billion ($1.57 billion) were...
- The DLD weekly report said that114 plots were sold for AED 1.36 billion, 1,183 apartments and villas were sold for AED 3.13 billion.
- A total of 98 properties were granted between first-degree relatives worth AED 617 million.
Geostrategy
Gaza focus of German foreign minister’s upcoming Middle East tour
Annalena Baerbock will hold talks with Israel's new Foreign Minister Israel Katz, as well as President Isaac Herzog, foreign ministry...
- Baerbock will subsequently travel to Egypt to meet with her counterpart Sameh Shoukry and also planned to visit Lebanon.
- US Secretary of State Antony Blinken also left Thursday on a diplomatic tour of the Middle East, including Israel, his fourth since the war began.
Economy
FAO says global food prices fell 13.7 percent in 2023
World food prices fell in 2023, with considerable declines for grains and oils as supply concerns eased, the UN's Food...
- Overall, world food commodity prices fell 13.7 percent in 2023 compared to the previous year, Rome-based FAO said.
- The vegetable oil price index posted the biggest fall last year, dropping 32.7 percent, thanks to improved supplies and reduced use for biofuel production.
Geostrategy
Foreign governments paid Trump firms millions as president, claims US report
NEW YORK, US - Former US president Donald Trump's businesses received at least $7.8 million from foreign governments including China during...
- The authors of the report said that revenues from overseas governments violated a constitutional ban on "foreign emoluments."
- The report alleged that Beijing as well as businesses including ICBC bank and Hainan Airlines spent $5.5 million at Trump-owned properties.
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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
Gold tops $4,000 for first time on political, economic worries
New York, United States - Gold topped $4,000 an ounce for the first time Wednesday as investors flocked to the...
Economy
Company News
Latest News
US still wants talks with Iran on Sunday: US official
Washington, United States - The United States still hopes to hold talks Sunday with Iran, even after Israel launched a...
Geostrategy
MENA brief Jun 13: Prince Salman to skip G7 meet, OpenAI in funds talks with PIF
In the financial sector, Fitch Ratings has projected a notable uptick in mergers and acquisitions within Saudi Arabia’s insurance industry....
Geostrategy
Israel says Hamas ‘weaponising suffering in Gaza’ as aid workers killed
Israel charged on Thursday that Hamas was "weaponising suffering in Gaza" after a US and Israeli-backed charity accused the Palestinian...
Geostrategy
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Geostrategy
Flames and smoke in aftermath of crashed India passenger jet
While officials initially said everyone aboard was feared dead, state health official Dhananjay Dwivedi told AFP later that one passenger...
- Air India's flight 171 -- a Boeing 787-8 Dreamliner bound for London's Gatwick Airport -- crashed shortly after takeoff around 0810 GMT.
- The passengers included 169 Indian nationals, 53 British, seven Portuguese, and a Canadian. Two pilots and 10 cabin crew were also aboard.
Business
Chip-maker Micron expands US investment to $200 bn backed by Trump
Washington, United States -- Chip giant Micron Technology on Thursday said it was expanding its domestic investment plan to $200...
- The investment plan comes as the United States pushes to reduce its reliance on foreign semiconductor production.
- Memory chips are critical components used in national defense systems, automobiles and national security applications.
Geostrategy
UN to vote on calling for unconditional Gaza ceasefire
Like the text blocked by Washington to protect its Israeli allies, the draft resolution before the General Assembly calls for...