Israel military says controls 40 percent of Gaza City, the largest urban centre in the Palestinian territory
In a televised briefing, Israeli military spokesman Brigadier General Effie Defrin said that "we hold 40 percent of the territory...
Geostrategy
Turkey bans concert by French singer over support for Israel
Istanbul, Turkey - Turkish authorities Wednesday said they have banned a planned concert Friday in Istanbul by Enrico Macias after...
Arts & Culture
New generation of Moroccan filmmakers basks in Cannes glory
Seeking to support and promote its national cinema, Morocco has spent 60 about $60m annually on productions since 2012. Moroccan...
- Director Asmae El Moudir, 32, won the coveted prize for directing in the Un Certain Regard section for her film "Kadib Abyad" ("The Mother of All Lies")
- Director Kamal Lazraq, 38, used Casablanca as the setting for his first feature film "Les Meutes" ("Hounds"), which won the jury prize in the Un Certain Regard section
UN warns not time to ‘take our eyes off’ South Sudan
After gaining independence from Sudan in 2011, South Sudan descended into a civil war that left nearly 400,000 people dead...
- Two months of fighting in Sudan, to the north, has had an impact on South Sudan, Nicholas Haysom, who heads the UN mission in South Sudan, told the Security Council
- Now is not the time to take our eyes off the ball in South Sudan, UN envoy stressed, warning that the economic impacts of the conflict "cast a shadow in an already fragile country"
Geostrategy
Three killed in Syria by Turkish drone attack
QAMISHLI, SYRIA- A Turkish drone strike killed three employees of northeast Syria's semi-autonomous Kurdish administration on Tuesday, a spokesman said, amid...
- The strike targeted "a vehicle transporting civilian employees, killing two Kurdish women and a Christian" man.
- The Syrian Observatory for Human Rights war monitor said Tuesday's strike hit a vehicle on a road.
Business
Hyundai targets two million EV sales by 2030
SEOUL, SOUTH KOREA - Hyundai Motor said on Tuesday it aims to sell two million electric vehicles a year by 2030,...
- If the firm reaches the new goal, its electric vehicles, including luxury brand Genesis, would account for 34 percent of its worldwide sales in 2030.
- The South Korean carmaker - one of the world's largest - is under pressure in the United States and Europe to boost local production of clean vehicles.
Geostrategy
Ghosn sues Nissan for $1 bn over ouster: Lebanese judicial official
Ghosn, the former chairman and chief executive of the Renault-Nissan-Mitsubishi alliance, was arrested in Japan in November 2018 on suspicion of...
- He jumped bail late the next year and made a dramatic escape from Japan hidden in an audio-equipment box, landing in Beirut, where he remains an international fugitive.
- The judge has scheduled a court session for mid-September that the defendants or their lawyers, whether Japanese or Lebanese, should attend, the judicial official said.
Business
Qatar signs 27-year gas supply deal with Chinese firm
The agreement, to supply four million tons annually to the China National Petroleum Corporation (CNPC), matches the terms of a...
- Asian countries led by China, Japan and South Korea are the main market for Qatar's gas, which has been increasingly sought by European countries since Ukraine war.
- Earlier this month, QatarEnergy agreed a 15-year supply deal with Bangladeshi state firm Petrobangla, and last month it awarded a $10 billion contract to France's Technip.
Business
Boeing, Airbus notch up big orders
At list prices, the Airbus deal is worth $3.3bn and Boeing's $1bn.
- Philippine Airlines will buy nine of Airbus' A350-1000 planes, while Air Algerie will buy eight of Boeing's medium-haul 737 MAX-9 aircraft.
- Faced with growing demand for long-haul planes, Airbus is pushing to increase production of the A350, its latest airliner, setting a target of nine per month by the end of 2025.
Geostrategy
Exiled Iranian opposition outraged after Paris police block proposed rally
PARIS, FRANCE - A major exiled Iranian opposition group on Tuesday expressed fury after Paris police refused to grant permission for...
- The National Council of Resistance of Iran, which calls for the overthrow of Iran's clerical leadership, asked permission for the rally in Paris on July 1,
- The NCRI claimed that Paris was giving into pressure from Tehran as France was concerned over the fate of four French nationals held by Iran.
Business
Alibaba names new CEO, chairman
The move fits in with its plan to reorganize business operations.
- Under the reshuffle, Joseph Tsai will serve as chairman and Eddie Wu as CEO -- replacing Daniel Zhang, who holds both roles, appointments will take effect on September 10
- Daniel Zhang said in a statement it was the "right time" for him to step down as Alibaba looks to implement a full spin-off of its advanced cloud computing unit
Geostrategy
Rescue teams search for missing submersible near Titanic wreck
One of those on board, according to his aviation company, is British businessman, 58-year-old Hamish Harding is the chairman of...
- Prominent Pakistani businessman Shahzada Dawood, who is vice-chairman of the conglomerate Engro, and his son Suleman were also on board, a family statement said.
- "Due to the worst winter in Newfoundland in 40 years, this mission is likely to be the first and only manned mission to the Titanic in 2023," Harding wrote Sunday.
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
Israel military says controls 40 percent of Gaza City, the largest urban centre in the Palestinian territory
In a televised briefing, Israeli military spokesman Brigadier General Effie Defrin said that "we hold 40 percent of the territory...
Geostrategy
Company News
Latest News
Fire at Iraqi oil refinery injures 13
Geostrategy
Tunisia women herb harvesters struggle with drought and heat
In Tunisia's highlands, women harvest wild herbs to earn a living, but drought is making their work harder, shrinking incomes...
Geostrategy
Post-Assad Syria seeks peace; Erdogan pushes anti-terror agenda, US warns on Kurdish conflict
Barbara Leaf, Washington's top diplomat for the Middle East, told Syria's new leader Ahmed al-Sharaa of the "critical need to...
Geostrategy
UAE says will not arm Sudan paramilitary RSF: White House
Washington, United States -- The United Arab Emirates has informed the United States that it will not arm paramilitaries in Sudan's...
Geostrategy
Most Read
Business
Honda and Nissan in merger talks as electric vehicle competition intensifies
Tokyo, Japan --Japanese auto giant Honda and its struggling rival Nissan will reportedly begin talks on a merger to boost their...
- At the same time, Taiwanese electronics behemoth Foxconn has approached France's Renault to buy its large stake in Nissan.
- A merger between Honda and Nissan would not be a marriage of equals. Honda's market capitalization is around $41.2 billion, while Nissan's is around $10.5 billion.
Geostrategy
Turkey, Iran leaders at Cairo summit urge action to address Gaza, Syria crises
Cairo, Egypt -- The leaders of Turkey and Iran were in Egypt on Thursday for a summit of eight Muslim-majority countries,...
- The gathering of the D-8 Organisation for Economic Cooperation, also known as the Developing-8, was being held against a backdrop of regional turmoil.
- The organization includes Egypt, Nigeria, Pakistan, Bangladesh, Indonesia and Malaysia besides Turkey, which historically backed the opposition to Assad, while Iran supported him.
Business
Turkey’s Pegasus Airlines says to buy 200 Boeing 737 aircraft
Istanbul, Turkey -- Turkey's Pegasus Airlines said Thursday it would buy 200 Boeing 737 MAX 10 aircraft in its largest-ever order...
- "The first 100 aircraft, for which we have placed firm orders, will begin joining our fleet starting in 2028," said Pegasus CEO Guliz Ozturk.
- Established in 1990, Pegasus Airlines operates 109 international routes to 53 countries as well as flying to 35 destinations within Turkey, its website says.