AI to boost trade by nearly 40% by 2040: World Trade Report 2025
The 2025 edition of the World Trade Report reveals that, with the right enabling policies, artificial intelligence (AI) could boost...
Economy
Trump sues NYT for $15 billion in latest attack on media
Washington, United States -- Donald Trump filed a $15 billion defamation lawsuit against The New York Times on Monday, adding...
Geostrategy
Geostrategy
Israeli minister in first public visit to Saudi Arabia amid bilateral talks
Israel's Tourism Minister Haim Katz is the first Israeli minister to head an official delegation in Saudi Arabia, where he...
- Katz's visit comes after a Saudi envoy on a visit to the occupied West Bank pledged that the Palestinian cause will be "a cornerstone" of any normalization deal with Israel.
- The visit by a delegation headed by Nayef al-Sudairi was Saudi Arabia's first in three decades to the West Bank, which Israel has occupied since the 1967 Arab-Israel war.
Business
Rising demand for critical metals pose dilemmas for investors
PARIS, FRANCE - Soaring demand for the raw materials needed for the transition towards renewable energy is creating dilemmas for investors...
- Demand for lithium, an essential component of car batteries, could increase ninefold between 2022 and 2050, said the International Energy Agency.
- Lithium and other metals that the IEA calls “key to the clean energy transition” will be the topic of a summit hosted by the global energy watchdog in Paris.
Business
Morocco, Algeria set to host Cup of Nations tournaments
After a number of deadlines passed without the hosts being revealed, a senior African Football Confederation (CAF) official told AFP...
- North African neighbors Morocco and Algeria are seeking to stage the 2025 edition of the premier African sport event
- The Ivory Coast will stage the 2023/2024 Cup of Nations, which has been postponed to January and February next year
Saudi Arabia, amid Israel talks, sends envoy to West Bank
The delegation was led by the Saudi non-resident ambassador to the Palestinian territories, Nayef al-Sudairi, who was to meet Palestinian...
- The delegation from Saudi Arabia, which crossed overland from Jordan, was the first from Saudi Arabia to visit the West Bank since the 1993 Oslo Accords
- The Saudi visit comes as Washington has been leading talks between Israel and Saudi Arabia on a normalization that would mark a game changer for the Middle East
China slams US sanctions over Iran aircraft program
Washington last week slapped sanctions on "seven individuals and four entities" based in Iran, China, Russia and Turkey it said...
- China notes that US has included some Chinese enterprises and individuals in the 'Specially Designated Nationals List', a commerce ministry spokesman said
- "The United States side should immediately stop its unreasonable suppression of Chinese enterprises and individuals," spokesman said
Geostrategy
Saudi Arabia denounces attack that killed two Bahrain soldiers
Riyadh, Saudi Arabia--Saudi Arabia on Tuesday condemned an attack on its territory that killed two Bahraini military personnel near the border...
- According to Bahrain's military, one officer and a soldier were killed in a drone attack carried out by Yemen's Houthi rebels
- A Houthi delegation completed five days of talks in Riyadh last week, the first such public visit since hostillities broke out
Bahrain says 2 soldiers dead in attack near Saudi-Yemen border
The victims "were martyred while performing their sacred national duty to defend the southern borders of the sister Kingdom of...
- The statement from Bahrain's military said the "terrorist act" was perpetrated by Houthi "attack drones" in an undisclosed location in southern Saudi Arabia
- Houthis' TV channel reported separately on Monday that "four citizens" were injured in Saudi attacks on Yemeni territory near the border on Monday
Geostrategy
Hundreds of Sikh Canadians protest against India
Nearly a week after Canadian Prime Minister Justin Trudeau accused India of being responsible for the killing of a Sikh...
- Slamming the Modi government for the alleged killing, several hundred protestors gathered in Toronto, Ottawa and Vancouver
- There are nearly 770, 000 Canadians professing Sikhism and the country is home to the largest Sikh community in the world outside of India
Business
Ford halts work on US$3.5 billion battery plant
The auto giant announced in February the project in Marshall, Michigan as a way to diversify its battery profile away...
- The stoppage comes as the company faces a major strike along with both of the other "Big Three" US automakers
- Ford spokesperson insisted the decision about the $3.5 billion battery plant had not been related to the ongoing strike
Business
European Union okays lighter pact on curbing car emissions
Brussels, Belgium - EU member countries on Monday adopted a watered-down deal on curbing car emissions, after auto manufacturers complained stricter...
- Led by France and Italy, the 27 nations voted for a less ambitious plan than the one put forward by the European Commission in November 2022
- The European Automobile Manufacturers' Association (ACEA), the sector's main EU lobby group, cautiously welcomed the decision
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
AI to boost trade by nearly 40% by 2040: World Trade Report 2025
The 2025 edition of the World Trade Report reveals that, with the right enabling policies, artificial intelligence (AI) could boost...
Economy
Company News
Latest News
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...
Geostrategy
US judge rules Google monopolized online ad tech market
Washington, United States -- A US judge on Thursday ruled that Google wielded monopoly power in the online ad technology...
Business
Most Read
Geostrategy
UN watchdog chief says Iran ‘not far’ from nuclear bomb
The United Nations nuclear watchdog chief Rafael Grossi warned on Wednesday that Iran was "not far" from possessing a nuclear...
- Western countries including the United States have long accused Iran of seeking to acquire nuclear weapons, an allegation Tehran has consistently denied
- The UN watchdog was tasked with overseeing Iran's nuclear programme and its compliance with a 2015 nuclear deal which collapsed three years later
Economy
F1 on Jeddah’s streets – talking points ahead of the Saudi Arabian GP
Jeddah, Saudi Arabia - This weekend's Saudi Arabian Grand Prix is the final leg of the first 'triple header' of...
- Red Bull's problems in Bahrain were well documented, and they will be desperate to bounce back on one of their favourite hunting grounds
- The fastest street circuit on the calendar offers multiple chances for overtaking, in stark contrast to the most famous street circuit of them all, Monaco
Geostrategy
Israel says 30% of Gaza now buffer zone, escalates offensive and maintains aid blockade
Prime Minister Benjamin Netanyahu also ordered security chiefs and negotiators to keep pressing for the release of hostages held by...
- Prime Minister Netanyahu also ordered security chiefs and negotiators to keep pressing for the release of hostages held by Hamas in Gaza
- The Israeli military said that it had "achieved full operational control over several key areas and routes throughout the Gaza Strip."