UN Security Council to meet over drone raid in Poland blamed on Russia
The UN Security Council announced it would hold an emergency meeting Friday to discuss discuss violations of Poland's airspace, a...
Geostrategy
EU lawmakers back push for action against Israel over Gaza
The EU chief said Wednesday in her keynote annual address to the European Parliament that she would propose those steps...
Geostrategy
Geostrategy
Saudi Crown Prince and Iran foreign minister discuss bilateral relations
Iran's foreign minister met Saudi Arabia's Crown Prince Mohammed bin Salman during his first visit since the Middle East rivals...
- The Iranian foreign minister called the 90-minute meeting a "direct, frank, and productive conversation".
- The Iranian minister said the success of the region is possible by strengthening dialogue and cooperation.
Business
Chinese property giant Evergrande files for bankruptcy in US
Evergrande, once China's top property developer, was found in 2021 to be struggling with more than $300 billion in liabilities,...
- Several major developers have been hit in the unfolding drama as they fail to complete housing projects, triggering protests and mortgage boycotts from homebuyers.
- Evergrande has worked on an offshore debt restructuring agreement for months and unveiled a proposal earlier this year.
Turkey ‘warned’ Russia after Black Sea ship attack: Ankara
The Sukru Okan vessel was flying the flag of Palau when it was fired on by the Russian navy last...
- Turkey's president Recep Tayyip Erdogan's office came under criticism at home for saying nothing about the Russian attack
- Erdogan's office pushed back against its critics on Thursday, arguing that it was technically up to Palau to respond to the incident
Stocks dragged further by US rate worry, China gloom
Expectations of another Fed hike have pushed 10-year Treasury yields -- a gauge of future rates -- close to their...
- All three main indexes on Wall Street sank for a third straight session on Thursday, while London, Paris and Frankfurt also suffered heavy losses
- Asian markets were well in the red, including Hong Kong, which was down for a sixth consecutive trading day, while European investors were also on the back foot
Elon Musk arrives in Japan for first visit since 2014
In 2014, the CEO of Tesla and SpaceX visited Japan for a ceremony marking his electric car-making company's full-scale entry...
- On Friday, Musk posted videos of what appeared to be an exhibition by prominent Japanese art collective teamLab
- Users on X posted comments asking why Musk was in Japan, with some speculating he had come to see musician Grimes
Parched Egypt struggles to contain water loss
In a country already suffering from severe water scarcity, official figures show that more than a quarter of clean water...
- Nationwide, official figures show 26.5 percent of Egypt's clean water in the 2021-22 fiscal year was lost - a conservative estimate, according to experts
- The Suez Canal governorates of Port Said, Suez and Ismailia have the highest rates of water loss in the country, with over two thirds of clean water going down the drain
Geostrategy
Tunisia arrests bakery union chief for ‘monoply’ amid bread shortage
Tunis, Tunisia - Tunisian authorities have arrested the head of the national bakery owners' union, accusing him of a "monopoly" as...
- Bakeries' union chief Mohamed Bouanane was arrested on Wednesday "on suspicion of monopoly and speculation with subsidized foodstuffs".
- Economists told AFP the current supply crisis stems from an inadequate reserve of subsidized flour held by the highly indebted Tunisian government.
Geostrategy
Libya’s militia chief released after ceasefire pact with government
Videos circulated on social media on Wednesday night showed Mahmoud Hamza dressed in military fatigues and surrounded by his fighters...
- Hamza "was released on Wednesday night and returned to his headquarters south of Tripoli", an official at army headquarters in western Libya told AFP
- "He was released under a government-sponsored ceasefire agreement" which also provides for the "withdrawal of fighters from the front lines", said the official
Business
BAE to acquire Ball Aerospace
The value of the acquisition was reported to be $5.55bn.
- The British firm BAE said it hoped to complete the acquisition of the aerospace firm in the first half of 2024.
- The proposed deal will be funded by a combination of new external debt and existing cash resources, it added.
Geostrategy
WHO’s maiden traditional medicine summit opens in India
"WHO is working to build the evidence and data to inform policies, standards and regulations for the safe, cost-effective and...
- Traditional medicines are a "first port of call for millions of people worldwide", the World Health Organization said.
- The two-day WHO Traditional Medicine Global Summit takes place alongside a meeting of G20 health ministers in India.
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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
UN Security Council to meet over drone raid in Poland blamed on Russia
The UN Security Council announced it would hold an emergency meeting Friday to discuss discuss violations of Poland's airspace, a...
Geostrategy
Company News
Latest News
Trump says Iran faces ‘bad, bad things’ if no nuclear deal after Tehran responds to a letter from him
"I sent them a letter just recently, and I said: you have to make a decision, one way or the...
Geostrategy
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...
Arts & Culture
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Arts & Culture
‘My entire life’: Saudi tailor keeps robe-making craft alive
Hofuf, Saudi Arabia - Saudi tailor Habib Mohammed's shop once made ornate, hand-woven cloaks for royals, a time-honoured craft he...
- He makes "bisht", a long gown which for centuries has been a status symbol, worn by kings and princes -- and ordinary men -- and could take a week of meticulous work to create
- Now, with cheap Chinese-made robes taking a bite out of his business, 60-year-old tailor is struggling to make a profit, and his only son wouldn't take over the beleaguered shop
Geostrategy
Iran says it has responded to Trump’s nuclear talks letter
Iran has sent a response to a letter from US President Donald Trump that called for nuclear talks and warned...
- US Secretary of State Marco Rubio, asked by reporters on his plane over the Caribbean whether the US has received the letter, said: "I'm not going to comment on that yet."
- He said that the United States had expected there to be a response and "obviously at that point, the president will decide what steps if he any he wants to take next".
Geostrategy
Lawyer complains Turkish student held in US ‘abducted’
A lawyer representing a Turkish university student detained in the United States and facing deportation said Thursday that his client...
- Earlier this week, a video surfaced on social media showing 30-year-old Rumeysa Ozturk being detained by masked, plain-clothed figures near Tufts University in Massachusetts
- The video quickly went viral as a symbol driving the fear and anger gripping US campuses as President Donald Trump clamps down on students accused of holding extremist views