Opec+ plus to raise oil production by 137,000 barrels a day in Nov
The increase was less than many analysts expected, with the cartel seeking to avoid pressuring prices amid weak demand. OPEC+...
Geostrategy
AI in an ‘industrial bubble’ but will benefit society: Bezos
Turin, Italy - Artificial intelligence technology is in an "industrial bubble," Amazon founder Jeff Bezos told a tech conference in...
Economy
Japan’s Masaki Kashiwara wins Abel Prize for mathematics
Arts & Culture
Canada print media to get two-thirds of Google’s payment to news outlets
The agreement between Canada and Google is part of the Online News Act, which aims to support a struggling Canadian...
- After months of negotiations, Ottawa and Google announced a "historic" agreement, where the tech giant would pay Canadian media companies compensation for the loss of ad revenue
- The agreement between Canada and Google is part of the Online News Act, which aims to support a struggling Canadian news sector that has seen a flight of advertising dollars
Geostrategy
Israel troops kill 3 hostages mistaking them for ‘threat’
The Israeli army said that it had mistakenly identified three Israeli hostages as a threat, and fired, killing three of...
- The army identified the hostages as Yotam Haim and Alon Shamriz and Samer El-Talalqa
- Its spokesman said the military "bears responsibility for everything that happened"
Geostrategy
Lebanon parliament extends army chief’s job, avoiding vacuum
Around 80,000 Lebanese serve in the army, which is seen as a key pillar of the country's stability. The force...
- Parliament approved delaying the retirement of senior officers at the head of the military and security services for one year, Lebanon's official National News Agency said
- Lebanon has been without a president for more than a year and its government is operating in a caretaker capacity as political deadlock paralyses decision-making
Geostrategy
Israeli attack killed journalist in Gaza: Al Jazeera
The Qatari network had first reported that cameraman Samer Abu Daqqa and Gaza bureau chief Wael Al-Dahdouh were wounded in...
- The network said that following Samer's injury, he was left to bleed to death for over 5 hours
- Al Jazeera held "Israel accountable for systematically targeting and killing Al Jazeera journalists"
COP28 UAE
IEA boss says COP28 bid farewell to fossil fuels
PARIS, FRANCE - While the UN's COP28 climate summit marked a pivot moment, when the world pledged to say "goodbye" to...
- It gave an unmistakable signal to investors that if you continue to invest in fossil fuels you may well have serious business risks
- It gives a signal to the investors for clean energy that they may be more profitable than many people now believe they are.
Business
Turkish Airlines to buy 355 planes from Airbus
Istanbul, Turkey - Turkish Airlines said on Friday it has decided to order 355 Airbus aircraft over the coming decade as...
- "It was decided to purchase 355 aircraft from Airbus," Turkish Airlines chief executive Bilal Eksi said in a social media statement
- The Turkish firm said in a separate corporate filing statement that the purchases would made as part of its "strategic plan" for 2023-2033
Geostrategy
Storm-1152: Vietnam-based creator of fake Microsoft accounts
Seoul, South Korea - Microsoft has seized the websites of a Vietnam-based group it alleges sold millions of fake accounts to...
- Storm-1152 is "the number one seller and creator of fraudulent Microsoft accounts", creating around 750 million to date, the company said Wednesday
- Storm-1152 pursued a model called "cybercrime-as-a-service" or CaaS, acting as a provider to other criminal groups, Microsoft and Arkose said
Geostrategy
France steps up Middle East effort with foreign minister’s Lebanon visit
There have been near-daily cross-border exchanges between Hezbollah, an Iran-backed Hamas ally in Lebanon, and Israel since the Palestinian group's...
- Along the Israel-Lebanon border violence has remained relatively limited, with 128 killed in total, including 90 Hezbollah combatants and at least 11 Israelis.
- Israel's current objective is that Hezbollah forces move back from the border by 40 kilometers (25 miles), a Western diplomatic source in Beirut said.
Geostrategy
Sullivan calls for Gaza transition, rejects long-term Israeli occupation
The US has suggested the internationally-recognized PA could play a role in governing Gaza after the war, though the Ramallah-based...
- "We do not believe that it makes sense for Israel, or is right for Israel, to occupy Gaza, reoccupy Gaza over the long term," Sullivan told journalists in Tel Aviv
- "Ultimately the control of Gaza, the administration of Gaza and the security of Gaza has to transition to the Palestinians," he added
Geostrategy
Multiple rockets intercepted over central Jerusalem: AFP
Jerusalem, Undefined -- Multiple rockets were intercepted over central Jerusalem on Friday, AFP journalists reported. Staff saw two explosions and heard...
- Hamas's armed wing, the Ezzedine al-Qassam Brigades, said it had fired rockets towards Jerusalem "as a response to the Zionist massacres of civilians".
- Paramedics rushed to the scene after the alarm was raised in Jerusalem and nearby Beit Shemesh, the Magen David Adom emergency medical services said.
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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
Opec+ plus to raise oil production by 137,000 barrels a day in Nov
The increase was less than many analysts expected, with the cartel seeking to avoid pressuring prices amid weak demand. OPEC+...
Geostrategy
Company News
Latest News
World Economic Forum unveils framework highlighting transformative technology convergences across key industries
Agentic AI, spatial intelligence and robotic advancements in manipulation and adaptive control are enabling autonomous systems to make intelligent decisions...
Economy
Saudi hosts urge pilgrims to stay indoors during hajj high point
Makkah, Saudi Arabia -- Saudi authorities have asked pilgrims performing the hajj to remain in their tents for several hours...
Geostrategy
Middle East tourism projected to reach $350 billion by 2030: ATM report
Dubai, UAE – The Middle East’s tourism sector is poised for unprecedented expansion, with a new report predicting a 50...
Business
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Economy
Lebanon on bumpy road to public transport revival
Beirut, Lebanon - On Beirut's chaotic, car-choked streets, Lebanese student Fatima Fakih rides a shiny purple bus to university, one...
- Lebanon's public transport system never recovered from the devastating 1975–1990 civil war that left the country in ruins, and in the decades since, car culture has flourished
- Even before the economic crisis that began in 2019, the country was running on empty, grappling with crumbling power, water and road infrastructure
Arts & Culture
In Cairo, the little indie cinema that could
Cairo, Egypt - In the heart of Cairo, a small cinema has for over a decade offered a unique space...
- Zawya was born in the post-revolutionary artistic fervour of the 2011 uprising that toppled longtime president Hosni Mubarak
- Egypt,long known as the Hollywood of the Arab world, has now largely been restricted to crowd-pleasing blockbusters
Geostrategy
Erdogan proposes new Putin-Zelensky-Trump meeting in Turkey, Trump ready to attend
Trump, who wants a swift end to the three-year war, is "open" to a three-way summit "if it comes to...
- Putin has so far refused such a meeting, but Zelensky has said he is willing, underlining that key issues can only be resolved at leaders-level
- Trump is "open" to a three-way summit "if it comes to that, but he wants both of these leaders and both sides to come to the table together.'