Gold glitters to new high as Asia stocks mixed
Gold climbed to a new record Tuesday as investors sought out safe havens, while Japan's Nikkei and the Hang Seng...
Economy
Chinese cluster now world’s top innovation hotspot: UN
Geneva, Switzerland -- Shenzhen-Hong Kong-Guangzhou has overtaken Tokyo-Yokohama to become the world's top cluster for innovation, the United Nations said...
Business
Arts & Culture
Huge investments help Saudi cinema soft power grow
Saudi largesse for the arts has boomed under the kingdom's Crown Prince Mohammed bin Salman, with billions pouring into previously...
- Mohammed Al Turki, 36, heads Saudi Arabia's Red Sea Film Foundation, his name splashed all over posters and movie credits at Cannes Film Festival last week
- The foundation, formed two years ago, holds its own annual festival and has already financed 168 movies, including eight in the official selection at Cannes this year
Nintendo ends online sales of games in Russia
Following the shipment suspension and "as a result of the economic outlook, Nintendo of Europe has decided to wind down...
- The changes, which were announced and came into effect on Wednesday, follow Nintendo's suspension of product shipments to Russia in March 2022
- Russian customers can still re-download previously purchased content but no new payments can be made or new accounts created, a Nintendo statement said
Business
Equities sink as hardliners Republicans threaten US debt deal
"With some hardliners in the Republican party coming out against the agreement (in a vote due Wednesday), its passage through...
- Expectations of higher borrowing costs boosted the dollar, seen also as a haven investment in times of economic turmoil.
- Oil prices sank for a second day running on weaker demand concerns in leading energy consumers China and the United States.
Geostrategy
Saudi population expands one third in last 13 years
"The 2022 Saudi census marks the "most comprehensive and precise population survey conducted in the Kingdom's history," the General Authority...
- The total resident population is up 34.2 per cent since 2010 -- an increase of 8.2 million people, of whom 4.8 million are Saudi nationals.
- Non-Saudi nationals account for 13.4 million, the majority of whom are Bangladeshis, followed by Indians, Pakistanis, Yemenis and Egyptians.
Business
Credit Suisse fails NYSE listing criteria
Under NYSE rules, shares must trade for at least $1 for 30 consecutive days.
- Credit Suisse is listed in New York under a "Depositary Shares" scheme that allows foreign firms to sell stock in the United States.
- Its share price crumbled under the pressure of fears of contagion from the collapse of three US regional banks.
Geostrategy
UAE withdraws from US-led coalition that secures Gulf waterways
"As a result of our ongoing evaluation of effective security cooperation with all partners, two months ago, the UAE withdrew...
- It is active in crucial but troubled Gulf waters where tankers have been seized and attacked in recent months.
- A spokesperson for the Combined Maritime Forces said the UAE remains a partner nation, despite putting its participation on hold.
Sudan army suspends participation in US, Saudi brokered truce talks
The mediators of the talks in the Saudi Red Sea city of Jeddah have acknowledged repeated violations of the truce by...
- The Sudanese army said the paramilitary Rapid Support Forces (RSF) had also "repeatedly violated the truce", a Sudanese government official said
- Sudan specialist Aly Verjee said the mediators were eager to avoid a complete breakdown of the talks, for fear of a major escalation on the ground
Salvage of oil tanker stranded off Yemen can begin: UN
In an unprecedented salvage plan, the UN has purchased a super-tanker to remove the oil from the vessel in the...
- The salvage operation, which will cost an estimated more than $140 million, has been assigned to a company called SMIT Salvage
- SMIT Salvage will pump the oil from the 47-year-old Safer to the now UN-owned ship called Nautica, and then tow away the empty tanker
Arts & Culture
Iraq’s Christians turn to TV to save dying language
Syriac-speaking communities in Iraq and Syria have declined over the years, owing to decades of conflict driving many to seek...
- Syriac has traditionally been the language spoken by Christians in Iraq and neighbouring Syria, mostly in homes but also in some schools and during church services
- Syriac is also taught at around 265 schools across Iraq, according to Imad Salem Jajjo, responsible for Syriac education within the education ministry
Royal fever sweeps Jordan ahead of crown prince Hussein’s wedding
On the big day for the Hashemite kingdom, a key Western ally, the royal red motorcade, reserved for special occasions,...
- The eldest son of King Abdullah II will marry Saudi fiancee Rajwa Al Saif at the grand royal wedding with regional monarchs, US First Lady Jill Biden is also among the guests
- Photos of Saif's henna bridal party took the internet by storm last week as she donned a white gown with an Arabic poetry verse embroidered: "When I see you, life becomes sweet"
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
Gold glitters to new high as Asia stocks mixed
Gold climbed to a new record Tuesday as investors sought out safe havens, while Japan's Nikkei and the Hang Seng...
Economy
Company News
Latest News
Amazon to invest $17bn in Spain
Business
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...
Economy
Lebanon says nine killed in Israeli strikes on southern villages
Many strikes on villages in southern Lebanon on Monday, after Israel said it was taking aim at dozens of Hezbollah...
QatarEnergy inks gas supply deal for China with Shell
Doha, Qatar - Qatar has agreed to supply three million tonnes of gas a year to China in a deal...
Most Read
Geostrategy
Macron to hold talks with Crown Prince Salman on Saudi visit
Macron is beginning the first state visit by a French president to Saudi Arabia since Jacques Chirac in 2006, cementing...
- Macron's three-day stay also coincides with a flare-up of violence in Syria, where anti-government rebels have seized Aleppo, the second largest city.
- The fighting in Syria comes after France helped to broker a fragile ceasefire in neighboring Lebanon, where Israel has been fighting Iran proxy Hezbollah.
Desertification talks open in Saudi Arabia as experts fire warning
UN talks aimed at halting the degradation and desertification of vast swathes of land start in Saudi Arabia. Forest loss...
- 3.7 billion acres must be restored by decade's end to combat crises
- Forest loss and degraded soils were reducing resilience to climate change and biodiversity loss
Plastic pollution talks South Korea fail to reach landmark deal
Busan, South Korea - Deeply divided negotiators failed on Sunday to reach a landmark global treaty to curb plastic pollution, missing...
- For a week, delegates from nearly 200 nations meeting in South Korea have wrestled with how to stop millions of tonnes of plastic waste entering the environment each year
- Plastic pollution is so ubiquitous that microplastics have been found on the highest mountain peak, in the deepest ocean and throughout almost every part of the human body