Big dreams but no protein shake: Yemeni bodybuilder fighting to make it
Al Mukalla, Yemen -- In a dimly lit, suffocatingly hot gym in Yemen, bodybuilder Saleh Hussein al-Raidi wraps his hands...
Arts & Culture
Apple to lower iPhone 12 radio power across EU
Paris, France - Apple will update software on iPhone 12 handsets across the EU to lower the power of their...
Science
Economy
US job hiring rises in May but wage gains ease
Hiring in the United States heated up again in May, according to government data released, with the strong labor market...
- The United States added 339,000 jobs last month, surpassing estimates and picking up from a revised 294,000 figure in April.
- Wage gains in the US moderated slightly with average hourly earnings up by 0.3 percent, slightly down from 0.4 percent in April.
Arts & Culture
Ronaldo puts swagger in Saudi football
Al Nassr forward's first season in the kingdom ended with a whimper, but Saudi football has never enjoyed such attention.
- Al Nassr's Twitter followers have jumped from 800,000 to more than four million and swelled from two million to 14 million-plus on Instagram.
- Ronaldo has pledged to stay in Saudi next year and backed the Saudi league to eventually become one of the world's top five.
Geostrategy
Danish, two Austrian-Iranian citizens freed by Iran
Iran released one Danish and two Austrian-Iranian citizens it had been holding after mediation by Oman, and they are being...
- Thanking Belgium, Austrian Foreign Minister Alexander Schallenberg said, "Our years of diplomatic efforts to secure their release have borne fruit."
- The Danish man, who was not immediately identified, had been arrested in Iran in November 2022 on the sidelines of a demonstration for women's rights.
Business
ADIA, EQT to buy Dechra
The acquisition is expected to complete by early 2024.
- The offer was pitched at US$48.5 (£38.75) per share - a 44-percent premium from April 12 - before Dechra first revealed it was holding bid talks.
- Dechra Pharmaceuticals has over 2,000 employees and seven production sites across the world, and sells veterinary products in 63 countries.
UN evokes ‘specter of food inflation’ as Ukraine grain exports slow down
"In May, 33 vessels departed Ukrainian ports, half of the number compared to April. Only three of those departed from...
- UN says Russia "has informed of its decision to limit registrations to the port of Yuzhny/Pivdennyi as long as ammonia is not exported"
- Moscow is calling in particular for a resumption of operations on the Togliatti-Odessa pipeline for deliveries of ammonia
Morocco to teach Berber language in more schools
Morocco has the largest population of Berbers in North Africa, and Thursday's decision responds to a long-standing demand by activists...
- The decision will affect some four million children in 12,000 schools between now and the end of the decade, Chakib Benmoussa told reporters
- Last month, King Mohamed VI declared that the Berber new year's day on January 13 would be an official public holiday from next year
Organizers charge $680 to see Messi in China
Strict steps are being taken to prevent scalping, with spectators required to provide identification information and show ID cards or...
- The game on June 15 at the 68,000-capacity Workers' Stadium is a rematch of Argentina and Australia's meeting in the last 16 of Qatar World Cup
- Tickets for the exhibition game ranging from 580 yuan ($82) to 4,800 yuan will go on sale in two batches, on June 5 and 8, organisers said
‘I will continue’: Ronaldo says he’ll stay in Saudi Arabia
Riyadh, Saudi Arabia - Portuguese star Cristiano Ronaldo pledged to remain in Saudi Arabia next season on Thursday despite failing...
- The 38-year-old said in an official Saudi Pro League interview: "I am happy here, I want to continue here, I will continue here."
- Ronaldo's 14 goals in 16 league appearances were only enough for a second-place finish for the Riyadh club, a favourite of some senior Saudi royals
Business
Boeing to speed up 787 Dreamliner production, after delivery interruptions
Despite the rebound in sales of its flagship medium-haul 737 MAX last year -- giving the company its best delivery...
- Boeing has already managed to up its manufacturing rate from fewer than two 787s per month in 2021 to four, and is hoping to get up to five by the end of the year
- Boeing has historically dominated the high-margin long-haul manufacturing scene with its 787 and 777 configurations, competing with Airbus's A350 and A330
Economy
Will tax the rich to avoid IMF ‘diktats,’ says Tunisia’s Saied
Despite reaching an agreement in principle last October on a bailout package worth nearly $2 billion, talks with the IMF...
- "Instead of lifting subsidies in the name of rationalisation, it would be possible to introduce additional taxes on those who benefit from them without needing them," Saied said
- Tunisian president did not say how such a plan might operate as employees' taxes are deducted at source and many Tunisians in the private sector do not declare their full income
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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
Big dreams but no protein shake: Yemeni bodybuilder fighting to make it
Al Mukalla, Yemen -- In a dimly lit, suffocatingly hot gym in Yemen, bodybuilder Saleh Hussein al-Raidi wraps his hands...
Arts & Culture
Company News
Latest News
Seoul stocks sink amid S. Korea drama as Asian markets struggle
South Korean stocks sank more than two percent Wednesday while the won rebounded from earlier losses after President Yoon Suk...
Iran says ready to study any Syrian request for troops
Tehran, Iran - Iran will consider any request from its Syrian ally for troops to help tackle a sweeping rebel offensive...
Qatar to invest 1 bn pounds in climate technologies with UK
London, United Kingdom - The British government said Wednesday that it has agreed to a partnership with Qatar that will see...
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Geostrategy
Macron attends PIF-hosted Riyadh One Planet Sovereign Wealth Funds meet
Riyadh, Saudi Arabia -- French President Emmanuel Macron and over 100 CEOs besides members of OPSWF, asset managers, and private...
- Discussions at the summit focused on the pivotal role of sovereign wealth funds as global investors in addressing climate challenges among others.
- Key action tracks were identified to enhance investment decision-making for climate action, boost efficiency and impact within the global financial system.
Economy
Developing countries paid $1.4 trillion to service their debts in 2024
The poorest countries paid out more than $96 billion to service their debts, the Bank announced in its latest report...
- The World Bank report noted that high interest rates have been a key driver of the rising cost of servicing foreign debt.
- Rates charged by private creditors were even worse, rising to a 15-year high of six percent -- an increase of more than one percentage point.
Economy
Non-oil sectors drive robust growth in GCC countries, says World Bank report
While developing countries paid a record US$1.4 trillion to service debts, the non-oil sectors in the GCC countries are fueling...
- "The [GCC] region has shown remarkable resilience in the face of global disruptions, moving steadily on their diversification agenda."
- Saudi Arabia's growth is expected to accelerate to an average of 4.7 percent in 2025-2026 as oil production increases.