After his call with Zelensky, European leaders, Trump says will speak with Putin soon
US President Donald Trump said Thursday he would speak soon with Russia's Vladimir Putin, after his call earlier in the...
Geostrategy
Norway experiments with electric plane in real-life test
Oslo, Norway -- An electric plane took to the skies between the Norwegian airports Stavanger and Bergen on Thursday, simulating...
Science
Business
AI chip giant Nvidia likely to invest in Europe
SANTA CLARA, US - The CEO of Nvidia said that the world's most valuable chipmaker is "extremely likely" to invest in...
- Nvidia would join other semiconductor giants like Intel that are also looking to open new operations in Europe.
- The US firm, which specializes in chips coveted in the artificial intelligence boom, has seen its value hover around $1 trillion in recent weeks.
Business
Aramco, TotalEnergies to construct petrochemical unit in Saudi Arabia
Saudi Aramco and France's TotalEnergies signed contracts to start building an $11-billion petrochemicals facility in the Gulf kingdom, the two...
- The move "marks the start of construction work on the joint petrochemical expansion", Aramco and TotalEnergies said in a joint statement.
- The project, first announced in 2018, represents an investment of around $11 billion, of which $4 billion will be funded through equity by Aramco and TotalEnergies.
Saudi Arabia’s Al-Hilal signs Wolves captain Neves for reported $60m
Neves, who arrived at Wolves from Porto, had one year on his contract left at Molineux. He joins in the...
- "From the 'Wolves' to the biggest team in Asia," Al-Hilal announced on social media after the player signed a three-season deal in Paris
- Neves leaves Wolves after six seasons for "a club record fee", the Premier League side announced, reported to be around 55 million euros
Geostrategy
Israel acknowledges failure to prevent attack on Palestinians
In a rare acknowledgment, the Israeli army said that it "failed" to prevent an attack by Jewish settlers on a...
- The Israeli army spokesman said troops sought to stop Israelis from attacking Turmus Ayya but they were stretched too thin
- Taking a strong note of the attack, the EU's top representative to the Palestinians said Israel had failed to meet its obligations to protect Palestinians
Economy
Morocco puts off meeting of Arab allies of Israel due to West Bank violence
With violence escalating between Palestinians and Israelis, Morocco has postponed a meeting of Arab allies of Israel it was due...
- Top diplomats from Bahrain, Egypt and the UAE as well as Morocco joined last year's meeting with the Israeli foreign minister
- The country normalized its relations with Israel more than two years back as part of a deal with the US to recognize its annexation of Western Sahara
Business
Siemens Energy shares fall due to technical problems at wind turbine unit
FRANKFURT, GERMANY - Shares in Siemens Energy plummeted on Friday after the company warned that technical problems at its wind turbine...
- Siemens Energy said it was setting aside over US$1.1 billion over the coming years to fix the issues at troubled wind turbine subsidiary Siemens Gamesa.
- Shares in Siemens Energy plunged by more than 30 percent shortly after trading opened in Frankfurt, and ended the day about 37 percent lower.
Geostrategy
UN convoy crosses from Syria regime areas to rebel-held Idlib
The 10-truck convoy reach rebel-held Al-Nayrab in Idlib province from the direction of regime-held Saraqib, headed for storage facilities near...
- A February 6 earthquake devastated parts of Turkey and Syria, including areas of the war-torn country's Idlib region that are controlled by Hayat Tahrir al-Sham.
- The UN largely delivers relief to Syria's northwest via neighboring Turkey through the Bab al-Hawa crossing -- the only way for aid to enter without Damascus's involvement.
Geostrategy
Oman seizes 6 million captagon pills, arrests members of smuggling network
MUSCAT, OMAN - Oman announced the seizure of over six million captagon pills during a bust aided by Saudi Arabia that...
- Omani authorities did not specify the intended destination of the drug shipment, but neighboring Saudi Arabia is believed to be the largest market for the drug.
- The vast majority of the region's captagon is produced in Syria and Lebanon and smuggled to its main consumer market in the Gulf.
Geostrategy
French envoy meets key Lebanese players on ‘consultative’ mission
Mired in a crippling economic crisis since 2019, Lebanon has been governed by a caretaker cabinet for more than a...
- "This is a consultative mission... to ensure the country moves on from the political impasse," French special envoy Jean-Yves Le Drian told reporters.
- He said he was holding "the necessary talks with all players in order to immediately end the political deadlock".
Economy
Eurozone economic growth slows sharply in June
BRUSSELS, BELGIUM - Eurozone economic activity worsened in June to a five-month low, hit hard by a fall in industrial production,...
- Inflation remains well above the European Central Bank's target of two percent, which will keep pressure on the ECB to keep raising interest rates.
- The eurozone entered a technical recession at the start of the year, according to official figures published earlier this month.
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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
After his call with Zelensky, European leaders, Trump says will speak with Putin soon
US President Donald Trump said Thursday he would speak soon with Russia's Vladimir Putin, after his call earlier in the...
Geostrategy
Company News
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Pakistan air strikes kill 46 in Afghanistan: Taliban spokesman
Kabul, Afghanistan - Pakistan air strikes in an eastern border province of Afghanistan killed 46 people, the Taliban government spokesman told...
Geostrategy
Israeli army says intercepted missile from Yemen before it entered Israeli territory
Jerusalem, Undefined - The Israeli army said Wednesday it intercepted a ballistic missile fired towards the country from Yemen. Air raid...
Geostrategy
Syria authorities say armed groups have agreed to disband
Syria's new leaders announced Tuesday that they had reached an agreement with the country's rebel groups on their dissolution and...
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Business
Musk’s AI startup raises $6bn more, Saudi and Qatari funds among investors
Paris, France -- Billionaire tech mogul Elon Musk's startup xAI said it had raised $6 billion from investors in its latest...
- The firm, whose flagship product is the Grok chatbot, garnered support from US venture capitalists, chipmakers NVIDIA and AMD.
- It also garnered support from investment funds from Saudi Arabia and Qatar among others.
Asian stocks mostly up after US tech rally
Asian stocks were mostly higher on Tuesday after a tech rally on Wall Street, but their gains remained modest in...
- Hong Kong stocks were "consolidating before the long holiday"
- Honda shares soared 16 percent after announcing a buyback of up to $7 billion
Geostrategy
Netanyahu tells Israel parliament ‘some progress’ on Gaza hostage deal, defence minister admits to killing Haniyeh
In an interview with The Wall Street Journal last week, Netanyahu said, however, said he was not going to agree...
- In recent days, indirect negotiations between Israel and Hamas mediated by Qatar, Egypt, and the US took place in Doha, rekindling hope of an agreement that has proven elusive
- Negotiations have faced multiple challenges since a one-week truce in November 2023, with the primary point of contention being the establishment of a lasting ceasefire