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
Syria announces plan with Jordan, US to restore calm in Druze-majority Sweida
Syrian foreign minister Asaad al-Shaibani announced on Tuesday a plan backed by Jordan and the United States to restore calm...
Geostrategy
Meta putting AI in smart glasses, assistants and more
Zuckerberg made his announcements at the Connect developers conference at Meta's headquarters in Silicon Valley, the company's main annual product...
- The second-generation Meta Ray-Ban smart glasses made in a partnership with EssilorLuxottica will have a starting price of $299 when they hit the market on October 17
- Meta also introduced 28 AI characters that people can message on WhatsApp, Messenger and Instagram with "personalities" based on celebrities including Snoop Dogg
Business
Evergrande pauses trading on Hong Kong exchange
The Chinese company had only just resumed trading a month ago, after it was suspended for 17 months for not...
- Trading in its two other units -- the property services and electric vehicle groups -- also stopped "at 9:00 am today"
- The halt in trading comes a day after a Bloomberg report that Evergrande's billionaire boss Xu Jiayin was being held by police
US allows visa free entry for Israelis citing less discrimination
The Biden administration made the decision after Israel in July promised a series of steps to comply with longstanding US...
- By the end of November, Israelis will be in the same league as citizens of most Western nations by not needing visas for trips of 90 days or less to the world's largest economy
- A number of lawmakers from Biden's own Democratic Party had urged Blinken not to go ahead before a Saturday deadline and instead exert pressure for greater change.
Business
Indonesia bans goods trading on social media platforms
Jakarta, Indonesia - Indonesia has banned goods transactions on social media platforms in a new regulation, its trade minister said Wednesday,...
- The regulation means social media firms will not be able to conduct direct transactions but only promote products on their platforms.
- Laws in the archipelago nation did not cover direct transactions through social media platforms such as TikTok, Facebook or Instagram before the new regulation.
Geostrategy
Iran successfully test fires military satellite, says state media
Wednesday's launch was carried out by the aerospace wing of the Islamic Revolutionary Guard Corps (IRGC), the ideological arm of...
- "The Nour-3 imaging satellite... was successfully placed in orbit 450 kilometers (280 miles) above earth," the IRNA news agency said.
- The United States has repeatedly warned Iran against such launches, saying the same technology can be used for ballistic missiles.
Business
Binance selling Russia business
Binance is likely to sell its Russian assets to CommEX.
- The move comes months after reports suggested US authorities were investigating possible sanctions violations.
- The firm said the process would take a year to complete and would involve selling its assets to CommEX, a company that only launched on Tuesday.
Business
Markets mostly up but US rate outlook feeds uncertainty
With inflation still sitting well above the central bank's target and the labor market showing few signs of softening, decision-makers...
- All three main indexes on Wall Street tanked Tuesday, shedding more than one percent apiece.
- Asia started on the back foot but most markets managed to eke out gains following a painful start to the week.
Economy
Tree-hugging AI to the rescue of Brazilian Amazon
The Manaus project has just completed its pilot phase with ten prototype boxes fixed to trees in a densely forested...
- The boxes sport sensors and software trained "to recognize the sounds of chainsaws and tractors, or anything that could cause deforestation," an official said
- The sensors look like small internet modems but are in fact wireless and can relay data up to one kilometer (0.6 miles) via satellite to others in a network
Economy
Russian economy to grow 1.5 percent this year, says key European bank
After having forecast a contraction earlier this year in Russia's economy, the European Bank for Reconstruction and Development is now...
- it said the outlook for 2024 will depend heavily on how the war on Ukraine and the related economic sanctions evolve
- Russia's central bank has forecast the country's economy to grow between 1.5 and 2.5% this year and between 0.5 and 1.5% in 2024
Police hold boss of troubled developer China Evergrande: report
Xu Jiayin, who is known as Hui Ka Yan in Cantonese, was taken away by authorities earlier this month, according...
- Evergrande stocks in Hong Kong fell precipitously on Wednesday afternoon following a moderate rise in morning trading, closing the day 19 percent down
- Chinese property developer Evergrande's enormous debt has contributed to the country's deepening property sector crisis, raising fears of a global spillover
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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
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
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Boeing to cut 10% of workforce
Business
Israel making Gaza unlivable, expands control over half of the territory
Jerusalem, Undefined -- By seizing large swathes of the Gaza Strip, Israel is redrawing the map of the Palestinian territory,...
Geostrategy
Chinese vent anger at Trump’s trade war with memes, mockery
Beijing, China -- While China's leaders use their economic and political might to fight Donald Trump's trade war "to the...
Geostrategy
Google has illegal monopoly in ad tech, US judge rules
Washington, United States - A US judge on Thursday ruled that Google illegally wielded monopoly power in the online ad...
Business
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Geostrategy
Deadly US strikes hit Yemen fuel port used by Huthis
The US military said it had destroyed a key Yemeni fuel port as it targets the country's Huthi rebels, who...
- The attack on the Ras Issa fuel port aimed to cut off a source of supplies and funds for the Iran-backed Huthis, the US military said
- Washington has hammered the Huthis with near-daily air strikes since March 15 in a bid to end their attacks on civilian shipping and military vessels
Geostrategy
Hamas rejects Israel’s truce plan, demands full withdrawal and end of war in Gaza
The Palestinian militants' chief negotiator spoke out after civil defence rescuers in Gaza said new Israeli air strikes killed at...
- A Hamas source told AFP that the group sent a written response Thursday to mediators on Israel's latest proposal for a 45-day ceasefire
- It also called for the freeing of 1,231 Palestinian prisoners from Israeli jails and the entry of humanitarian aid into Gaza
Geostrategy
40 mostly displaced Gazans killed in Israeli strikes
Civil defense spokesman Mahmud Bassal said two Israeli missiles hit several tents in the Al-Mawasi area of the southern city...
- Bassal said that Israeli strikes on two other encampments killed a further nine people -- seven in the northern town of Beit Lahia, and a father and son near Al-Mawasi.
- Two more attacks in Jabalia -- one that killed at least seven members of the Asaliya family, and another that killed six people at a school being used as a shelter.