Turkey cuts interest rate again as inflation eases
Turkey's central bank on Thursday cut its policy interest rate for a second meeting in a row as the country's...
Economy
Robot dogs, flying cars: five takeaways from the Munich auto show
Companies including Germany's Holon and Estonia's Auve Tech displayed small self-driving buses, designed for routes where larger buses with drivers...
Business
Geostrategy
Two Israelis killed in West Bank shooting, says army
RAMALLAH, PALESTINIAN TERRITORIES - Two Israeli civilians were killed in a suspected shooting attack in the occupied West Bank on Saturday, the...
- "A suspected shooting attack was carried out at a number of Israeli civilians in the area of the town of Huwara," an army statement said.
- The West Bank has seen a surge in violence since early last year, with a string of attacks by Palestinians on Israeli targets.
Geostrategy
Turkey slams ‘unacceptable’ UN approach to Cyprus row
ISTANBUL, TURKEY - Turkey's ruling party spokesman on Saturday criticized UN peacekeepers for blocking the construction of a controversial road in...
- The UN mission on the east Mediterranean island said its peacekeepers were assaulted as they tried to block "unauthorized construction work" near Pyla.
- Omer Celik, spokesman for Turkey's ruling AKP party, defended the construction of the road and slammed the "unacceptable" attitude of the UN peacekeepers.
Geostrategy
Egyptian President Sisi pardons jailed activist Ahmed Douma
Egyptian activist Ahmed Douma, a leading figure of the country's 2011 uprising who has spent the last decade behind bars,...
- A court in 2019 had sentenced Douma to 15 years in prison on charges of clashing with security forces in the capital two years earlier.
- Egypt's top appeals court later in 2019 upheld the 15-year sentence, which also included a fine of US$372,000.
Geostrategy
Iran president meets diplomat freed by Belgium in prisoner swap case
TEHRAN, IRAN - Iranian President Ebrahim Raisi has met with diplomat Assadollah Assadi, recently freed by Belgium in a high-profile prisoner...
- The Iranian diplomat was sentenced in Belgium to 20 years in prison for his role in a plot to blow up an Iranian opposition event in 2018 in Paris.
- The diplomat was liberated on May 26 in an Oman-mediated exchange that saw Iran releasing Belgian aid worker Olivier Vandecasteele.
Geostrategy
Morocco king turns 60 as challenges abound in kingdom
The monarch is credited with effectively maintaining stability in a volatile region -- in part through suppressing criticism -- as...
- Since his coronation following the death of his father, the monarch has retained a firm grip on economic policy, foreign affairs, and defence and security in his country
- On the international stage, Mohammed VI has diversified partnerships that were once primarily focused on former colonial ruler France and other European nations
Taiwan says 42 warplane incursions after launch of China military drills
China announced earlier Saturday that it had "launched joint air and sea patrols and military exercises of the navy and...
- Twenty-six of the warplanes involved crossed the median line of the Taiwan Strait, the island's ministry of defence said in a statement
- Eight vessels also participated in the drills, which Chinese state media said were intended to simulate "real combat conditions", the ministry said
Economy
United States beat Greece in basketball World Cup warm up in Abu Dhabi
The United States exploded off the blocks, opening up a 13-point gap on the Greeks six minutes into the first...
- Americans claimed a confidence-boosting 108-86 victory in the exhibition game, just 10 days before the two teams face off again in Group C action at the upcoming FIBA World Cup
- United States have one last friendly to play, against Germany in Abu Dhabi on Sunday, before they fly to Manila ahead of their World Cup opener against New Zealand on August 26
Turkish Cypriot forces assault Cyprus peacekeepers: UN
The confrontation occurred in Pyla, an ethnically mixed village in the UN-patrolled area between the internationally recognised Republic of Cyprus...
- EU condemned the incident, as well as Britain, France and US, who in a joint statement expressed "serious concern at the launch of unauthorised construction" of the road
- Authorities in the self-proclaimed Turkish Republic of Northern Cyprus, who say the road project is aimed at easing the plight of its people, dismissed the UN mission's allegations
Business
Brazil star Neymar arrives in Saudi Arabia ahead of unveiling ceremony
Riyadh, Saudi Arabia--Neymar was greeted with much fanfare Friday as he arrived in Saudi Arabia where he joins a growing list...
- The football star who arrived in Riyadh with extra security will be unveiled as an Al-Hilal player on Saturday after six seasons with French champions Paris Saint-Germain
- Neymar follows Cristiano Ronaldo, Karim Benzema and Sadio Mane in swapping Europe for the Saudi Pro League, which has a hit-list of high-profile targets
Arts & Culture
Cat cafe brings pawsitivity to war-scarred Gaza
A cat cafe in the Gaza Strip aims to "cheer up" Palestinian residents and offer them a respite from the...
- At the Meow Cat Cafe which opened this week in Gaza City, owner Nehma Maabad set out food for a clowder of kittens
- Customers pay nearly 10 shekels ($2.65) per hour to play with the cats, which Maabad said covers their food as well as costly vet bills
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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
Turkey cuts interest rate again as inflation eases
Turkey's central bank on Thursday cut its policy interest rate for a second meeting in a row as the country's...
Economy
Company News
Latest News
‘Something is rotten’: Apple’s AI strategy faces doubts
New York, United States - Has Apple, the biggest company in the world, bungled its generative artificial intelligence strategy? Doubts...
Business
Hamas says agrees to new Gaza truce proposal received from mediators but warns its weapons a ‘red line’
The talks in Doha started a day after Israeli Prime Minister Benjamin Netanyahu threatened to seize parts of Gaza if...
Geostrategy
Saudi marks Eid al-Fitr today, other Mideast states on Monday
Saudi Arabia and some other Gulf Arab states are to celebrate the Eid al-Fitr holiday from Sunday but other Middle...
Arts & Culture
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Arts & Culture
Film stars blast Academy for ‘failing to defend’ Palestinian filmmaker
Los Angeles, United States - Movie stars including Joaquin Phoenix, Penelope Cruz and Richard Gere have blasted the Academy of...
- Hamdan Ballal co-directed "No Other Land," which won best documentary at this year's Academy Awards
- Unlike multiple other prominent filmmaker groups, the US-based Academy initially did not issue a statement
Business
Goldwind 2024 revenue up 12.5%
The clean energy giant posted $7.8bn in revenue for 2024.
- Net profit last year also saw growth, rising nearly 40 percent percent to 1.9 billion yuan.
- China now dominates the global wind sector in terms of total installed capacity, aided over the years by generous strategic subsidies from Beijing.
Geostrategy
Pro-Palestine rallies held in many countries on Quds Day
Quds (Jerusalem) Day commemorations were launched in 1979 by Ayatollah Ruhollah Khomeini, the founder of the Islamic republic, which has...
- Crowds gathered in the streets of Tehran after supreme leader Ayatollah Ali Khamenei urged the Iranian people to protest against "the enemies' tricks".
- Thousands also gathered in the Yemeni capital Sanaa in demonstrations described by the rebels' TV channel as "the largest in the Arab Islamic world".