Gaza, Palestinian future to dominate UN gathering to be attended by 140 world leaders
Kicking off Monday, Saudi Arabia and France will co-chair meetings on the future of the Israeli and Palestinian two-state solution, which...
Geostrategy
Dubai scores global gaming partnerships at Gamescom 2025
Dubai, UAE - Dubai Future Foundation (DFF) has signed a Memorandum of Understanding with XSOLLA, a global company that helps...
Business
Business
Birkenstock declares IPO prize
The company expects to raise around $1.58 billon.
- Around 32.2 million ordinary shares will be put on the New York Stock Exchange in the IPO, the company said in a regulatory filing.
- Known for its wide-strapped sandals with cork and latex soles, Birkenstock was founded in 1774 to make orthopaedic shoes.
Geostrategy
Oil industry is an integral part of climate solutions, says COP28 head
President of the upcoming COP28 climate talks Sultan Al Jaber, also the head of UAE state-owned oil firm ADNOC, told...
- The president of the upcoming COP28 urged oil industry leaders to curb emissions associated with energy production.
- He also encouraged them to embrace "low carbon solutions" like carbon capture and storage,
Business
US manufacturing beats expectations, slumps less in September
Washington, United States - US manufacturing activity contracted in September by the least since late 2022, beating analyst expectations despite weakness...
- The Institute for Supply Management's (ISM) manufacturing index came in better than anticipated at 49 percent last month, up from 47.6 percent in August.
- This was 1.0 percent above the median expectation of economists surveyed by MarketWatch, but below the 50 percent threshold indicating growth in the sector.
Science
mRNA COVID vaccine experts awarded Nobel Medicine Prize
Kariko, 68, and Weissman, 64, longstanding colleagues at the University of Pennsylvania in the US, have won a slew of...
- While the prizewinning research dates back to 2005, the first vaccines to use the mRNA technology were those made by Pfizer/BioNTech and Moderna against Covid-19.
- The mRNA vaccines, together with other COVID vaccines "have saved millions of lives and prevented severe disease in many more," the jury said
Geostrategy
Iran says it opposes ‘geopolitical changes’ in Caucasus
Foreign ministry spokesman Nasser Kanani, while voicing support for Azerbaijan's reclamation of the separatist Nagorno-Karabakh region last month, said Tehran...
- Relations between Baku and Tehran have been traditionally sour, as Turkic-speaking Azerbaijan is a close ally of Iran's historical rival Turkey.
- Nakhchivan does not share a border with Azerbaijan but has been tied to Baku since the 1920s -- and is located between Armenia, Turkey and Iran.
Business
European telecom firms urge EU to make tech, streaming giants pay
Telecoms giants say that they need more money to maintain and update the infrastructure to meet Europe's voracious data needs,...
- "Big tech companies pay today almost nothing for data transport in our networks, far from covering the costs needed to expand networks," a letter published by the European telecoms
- The CEOs said the European Union estimated that at least 174 billion euros ($183 billion) of new investment is needed by 2030 to meet connectivity targets.
Geostrategy
At least 38 injured in police HQ fire in Egypt’s Ismailia
Flames raged through the multi-storey building that was completely obscured by a massive cloud of smoke before the blaze was...
- Interior Minister ordered an investigation into the causes of the fire, as well as a "structural safety review" for the building
- The health ministry deployed 50 ambulances to the scene, which were joined by military emergency services including two planes
Ubisoft banks on a reset with latest ‘Assassin’s Creed’
The latest entry in the wildly popular "Assassin" franchise is released Thursday, to be followed in December by a game...
- The latest entry in the wildly popular "Assassin" franchise is released Thursday, to be followed in December by a game based on the hit "Avatar" films
- Taking no chances, the group is launching "Mirage", set in ninth-century Baghdad, at 50 euros ($53) instead of the 70 euros often set for new titles
Geostrategy
Turkey pounds PKK bases in Iraq after Ankara bombing
In the wake of the bombing, Turkish President Recep Tayyip Erdogan had already vowed that "terrorists" would never achieve their...
- On Sunday evening, an official in Iraqi Kurdistan reported Turkish army planes bombing parts of the Bradost region
- Turkey's defense ministry acknowledged an "air operation" in Iraq, adding "20 targets used by terrorists" had been destroyed
Business
Trump business empire under threat as fraud trial opens
Donald Trump intends to be present for the start of the trial on Monday morning as a civil fraud trial...
- Trump, in addition to the civil case, also faces several major criminal proceedings in the months ahead
- His children Eric, Don Jr. and his oldest daughter Ivanka are also likely to present their own testimony
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
Gaza, Palestinian future to dominate UN gathering to be attended by 140 world leaders
Kicking off Monday, Saudi Arabia and France will co-chair meetings on the future of the Israeli and Palestinian two-state solution, which...
Geostrategy
Company News
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US aid cuts strain response to health crises worldwide: WHO
Riyadh, Saudi Arabia -- The United States slashing foreign aid risks piling pressure on already acute humanitarian crises across the...
Geostrategy
Lebanon president says disarming Hezbollah ‘delicate’ as two dead in strikes
Beirut, Lebanon -- Lebanese President Joseph Aoun said Sunday that disarming Hezbollah group was a "delicate" matter whose implementation required...
Geostrategy
UAE foreign trade increases by 49% to reach $1.42 trillion in 2024
The UAE climbed from 17th to 11th globally in merchandise exports and from 18th to 14th in imports between 2021...
Economy
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Business
Anti-hero Star Wars series “Andor” heads towards its finale
Paris, France -- If "Andor" -- which returns from Tuesday for its second and final season -- has been received...
- For Disney, the success of "Andor" stands out as a new hope for a franchise that has become hit-or-miss with audiences in recent years.
- That is why it has banked heavily on the 12-episode story, which cost a staggering $645 million to make, according to Forbes magazine.
Geostrategy
‘Resist Tyranny’: Another round of anti-Trump demonstrations hit major US cities
Many took aim at Trump's deportations of undocumented migrants, chanting "No ICE, no fear, immigrants are welcome here," a reference...
- In New York, people gathered outside the city's main library carrying signs targeting the US president with slogans like "No Kings in America" and "Resist Tyranny."
- In Washington, protesters voiced concern that Trump was threatening long-respected constitutional norms, including the right to due process.
Business
Tariffs could lift Boeing and Airbus plane prices even higher
New York, United States -- Commercial plane prices, already lifted in recent years due to pandemic supply chain shocks, are...
- The American and European aerospace giants have grappled with higher expenses for primary materials such as titanium, components and energy, as well as overall labor cost pressures
- To resolve a labor strike, Boeing late last year agreed to a new contract with its Seattle-based machinist union that lifted wages by 38 percent over four years.