Americans would dominate board of new TikTok US entity: W.House
A deal for the Chinese parent company of popular video-sharing app TikTok to sell its US operations would see the...
Business
Israel army says will use ‘unprecedented force’ in Gaza City
Israel has pummeled Gaza City with air strikes and tank fire in its bid to seize it, nearly two years...
Geostrategy
Business
First wind turbines reach Saudi green hydrogen plant, says CEO
RIYADH, SAUDI ARABIA - The first wind turbines have arrived at what Saudi officials bill as the world's biggest green hydrogen...
- Around 30 turbines are expected to be delivered by the end of the year along with the project's first solar panels.
- The $8.4 billion NEOM green hydrogen plant is expected to reach full production by the end of 2026.
Business
Belt and Road Initiative generated $2 trillion in contracts: China
Beijing said Tuesday the value of signed construction contracts with partners now totaled two trillion dollars -- roughly the size...
- China is hailing this month the 10th anniversary of its Belt and Road Initiative (BRI), which has seen Beijing pour a trillion dollars into projects globally
- Beijing's Silk Road Fund, established to help fund BRI projects, has "signed agreements on 75 projects with committed investment of about $22 billion"
Business
Major equity markets up, oil dips after surge on Israel-Hamas conflict
"Equity markets are bouncing back on Tuesday after a risk-averse start to the week, buoyed... by some promising Fed commentary,"...
- Europe's main stock markets jumped more than 1.5 percent approaching the half-way stage, and after a largely upbeat session in Asia and overnight on Wall Street
- Oil prices dropped, having soared Monday after Hamas launched a deadly attack on Israel, stoking fear of spreading unrest in the crude-rich Middle East
Geostrategy
‘Spirit of resistance’: Arab support for Palestinians swells
Beirut, Lebanon -- In mosques, football stadiums and towns across the Arab world, pro-Palestinian sentiment has surged after a shock...
- From Ramallah to Beirut, Damascus, Baghdad and Cairo, people have distributed sweets, danced and chanted prayers in support of the "resistance" to Israel's long-standing occupation
- In the Tunisian capital, schools raised Palestinian flags and a coalition of organizations and political parties have called for massive solidarity rallies.
Economy
World economy resilient, says IMF; keeps growth forecast unchanged
The IMF kept its 2023 global growth forecast unchanged but warned that the economy is "limping along" as inflation remains...
- Inflation, which has fallen sharply since last year, is predicted to remain elevated at 6.9 percent this year.
- Central banks across the globe have raised interest rates sharply in efforts to contain inflation.
Mourning Palestinian, Israeli supporters hold demos in New York
Tensions in the Middle East bubbled up in New York City Monday, where hundreds of pro-Palestinian demonstrators gathered to denounce...
- With signs reading "Israel go to hell!" and "NYC stands with Gaza," people of all ages stood in front of the Israeli consulate general waving Palestinian flags
- Young activists wearing Palestinian keffiyeh headscarves took turns at a megaphone to demand a "free Palestine" and "an end of the colonization and of Arab land"
Tech firms struggle as Israel-Gaza falsehoods explode
While major world events typically trigger a deluge of falsehoods, researchers say the scale and speed with which misinformation proliferated...
- Social media users are being bombarded with fake combat photos, old videos from Syria repurposed to look like they were taken from Gaza
- An image circulating online purported to show Israeli soldiers captured by Hamas, but factcheckers found the picture was taken in 2022 during a military exercise in Gaza.
Around 1,500 bodies of Hamas fighters found in Israel: army
Israel is reeling under a deadly attack by Hamas fighters who stormed the border fence under a barrage of rocket...
- The army had "nearly completed" evacuation of all the communities around the border, military spokesman Richard Hecht said
- Before dawn on Tuesday, the Israeli military struck what it said were Hamas targets in Gaza, especially in the Rimal neighborhood
Geostrategy
‘Currently no chance’ of prisoner swap with Israel: Hamas
Potential talks on the fate of as many as 150 individuals held by Hamas gained greater urgency as the group...
- Discussions on the release of dozens of people had made "some headway," the source said
- Hamas had earlier said: "There is currently no chance for negotiation on the issue of prisoners
Business
Delta suspends Israel flights through October 31
The suspension of flights by the airline follows similar decisions by American Airlines, Air France, Lufthansa, Emirates and Ryanair and...
- The airline said that it has made a "difficult decision" to cancel our Tel Aviv flights
- Israeli flag carrier El Al said Sunday that it was maintaining its Tel Aviv flights for now
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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
Americans would dominate board of new TikTok US entity: W.House
A deal for the Chinese parent company of popular video-sharing app TikTok to sell its US operations would see the...
Business
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Cannes film festival says to ‘honour’ slain Gaza photojournalist
Paris, France - The Cannes film festival said Wednesday that the screening of a documentary about Gaza photojournalist Fatima Hassouna...
Arts & Culture
India and Pakistan rivalry boils after Kashmir attack
India took a raft of punitive diplomatic measures against arch-rival Pakistan on Wednesday, accusing Islamabad of supporting "cross-border terrorism" after...
Boeing says China not accepting planes over US tariffs
New York, United States -- Boeing's CEO confirmed Wednesday that China had stopped accepting new aircraft due to the US-China...
Business
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Business
Abbas urges Hamas to free Gaza hostages as Israeli strikes kill 25
"Hamas has given the criminal occupation excuses to commit its crimes in the Gaza Strip, the most prominent being the...
- Senior Hamas official Bassem Naim called Abbas's remarks "insulting". "Abbas repeatedly and suspiciously lays the blame for the crimes of the occupation on our people."
- Hamas's armed wing the Ezzedine Al-Qassam Brigades later issued footage it said was of an Israeli hostage alive in a Gaza tunnel. He identified himself as 48-year-old Omri Miran.
Geostrategy
Germany, France, UK say Israel’s Gaza aid blockade ‘must end’
Germany, France and Britain on Wednesday called on Israel to stop blocking humanitarian aid into Gaza, warning of "an acute...
- After 18 months of devastating war and an Israeli blockade on aid since March 2, the UN has warned of a dire humanitarian situation for the 2.4 million inhabitants
- The heads of 12 major aid organisations warned last Thursday that "famine is not just a risk, but likely rapidly unfolding in almost all parts" of the coastal territory
Geostrategy
Trump to visit Saudi, Qatar, UAE in May amid tensions over Iran, trade, and security
Saudi Arabia's top diplomat held talks in Washington earlier this month to lay the groundwork for a visit by Trump...
- It will be his second foreign trip since returning to office, following his planned attendance at the Vatican for Pope Francis's funeral on Saturday
- Saudi Arabia's Crown Prince Mohammed bin Salman, promised in January to pile $600 billion into US trade and investments