Israeli forces raid site near Syria capital after bombing it several times: state media
Israeli forces conducted an overnight airborne raid on a site near the Syrian capital after bombing it several times, Syrian...
Geostrategy
Erdogan jubilant as ‘Steel Dome’ air defence system delivered to military, hails it a milestone
Last August, Turkey, a member of NATO, unveiled plans to build a multi-layered air defence system to protect its airspace,...
Geostrategy
Geostrategy
UN says US$445m needed to help 860,000 refugees fleeing Sudan
The United Nations said it was planning for an outflow of 860,000 people from conflict-torn Sudan, adding that $445 million...
- Over 100,000 people have already fled Sudan since deadly urban combat broke out on April 15.
- Another 330,000 people have been displaced inside Sudan, according to UN figures - and the situation is getting worse.
Business
Maersk Q1 profit dips
Its turnover fell by 36.6 percent to $9.9 in the Ocean division.
- For the first three months of the year, Maersk had a net profit of $2.3 billion, down from $6.8 billion a year earlier.
- The result fell short of analyst expectations, as Maersk also reported a 26 percent drop in revenue to $14.2 billion.
Business
BMW Q1 net profit at $4.1bn
The firm says sales declined in Europe and China.
- Overall vehicle sales declined by 1.5 percent year-on-year, with a 6.6 percent slide in China and a 1.9 percent decrease in Europe.
- In Europe, "the environment was characterized by persistent inflation and high interest rates," BMW said.
Geostrategy
China-based networks sowing disinformation in West: Meta
The network's social media accounts -- which ranged from Facebook to YouTube, Telegram and Twitter -- pushed content focusing on...
- Meta said it had removed more than 100 Facebook pages, profiles and Instagram accounts linked to the network, accusing them of violating its policies.
- Russia has long been accused of operating "troll farms" in a bid to influence public opinion in the West, with China not having been regarded as advanced in that area.
Shell Q1 profits jump
Adjusted earnings rose six percent to $10.6 billion.
- Profit after tax leapt 22 percent to $8.7 billion from a year earlier, when it had faced a large $3.9 billion charge over its exit from Russia after Moscow invaded Ukraine
- Adjusted earnings rose six percent to £9.6 billion and revenue advanced seven percent to $89 billion, sparking fresh outcry from critics as Britons face a cost-of-living crisis
Geostrategy
Russia claims Ukraine sought to attack Kremlin with drones
Terming it as a "planned terrorist act and an attempt on the life of the President of the Russian Federation,"...
- Ukraine has denied the Russian accusation that it was behind the alleged attack, suggesting that it was "staged" by Moscow
- Russia has begun what it called a terrorism probe into the attempt to "strike the Kremlin residence of the President of Russia"
Business
Microsoft expands artificial intelligence programs’ access to public
Risks from AI include its potential uses for fraud, with voice clones, deep-fake videos and convincing written messages. A range...
- The AI-enhanced features of the company's Bing search engine and Edge internet browser are now open for anyone to use, Yusuf Mehdi, corporate vice president said
- The services have been enhanced with the ability to work with images as well as text, and Microsoft intends to add video to the mix, according to the executive
Volkswagen net profit falls
Sales revenue rose 22% from January to March.
- Net profit dropped 29.9 percent, with VW saying it was due to the impact of commodity hedging, which had pushed up operating profit in the period a year earlier
- Sales revenue rose 22 percent from January to March, boosted by improved sales in Europe and North America, said VW, which also confirmed its positive forecast for the year
Geostrategy
Dozens of migrants rescued at Turkey border: Greek police
Athens in 2020 erected a 37.5-kilometre (23-mile) steel barrier in this remote northeastern area after tens of thousands of migrants...
- The migrants group included 13 men, 11 women and 15 minors, the police said in a statement, without disclosing nationalities
- The police said that the migrants were taken to the islet on a dinghy by a smuggler on the Turkish side of the river and left there
Global energy firms must pay up to prevent spill: Yemen company
To prevent a damaging oil spill in the Red Sea, the UN Development Programme in March took the unprecedented step...
- Hayel Saeed Anam Group, which in August contributed $1.2 million to UN clean-up campaign, made the appeal hours before a virtual donor conference hosted by Britain and Netherlands
- The Safer's 1.1 million barrels contain four times as much oil as that spilled in the 1989 Exxon Valdez disaster off Alaska, one of the world's worst ecological catastrophes
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
Israeli forces raid site near Syria capital after bombing it several times: state media
Israeli forces conducted an overnight airborne raid on a site near the Syrian capital after bombing it several times, Syrian...
Geostrategy
Company News
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Saudi crown prince demands Gaza, Lebanon ceasefires at Arab summit
Prince Salman also called on Israel not to attack Iran, highlighting improving ties between Saudi Arabia and its former regional...
Geostrategy
COP29 opens with Trump climate withdrawal looming
he COP29 climate talks open Monday in Azerbaijan, under the long shadow cast by Donald Trump's re-election. Trump has pledged...
Economy
Portraits of pain: smuggled Palestinian art shows trauma of Gaza
Smuggled art pieces from Gaza are on display in an exhibition in Amman showcasing pain, suffering and a strong resolve...
Arts & Culture
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Geostrategy
Arab, Muslim leaders fly to Saudi Arabia for talks on Gaza, Lebanon
Riyadh, Saudi Arabia -- Arab and Muslim leaders have begun arriving in Saudi Arabia for a summit scheduled for Monday that...
- The Saudi foreign ministry announced the summit in late October during the first meeting of an "international alliance" pushing for a two-state solution.
- The 57-member OIC and 22-member Arab League include countries that recognize Israel and those firmly opposed to its regional integration.
Business
Bitcoin hits $80,000 for the first time on Trump return optimism
London, United Kingdom -- Bitcoin soared to a new record high on Sunday, as traders bet that Donald Trump's return to...
- It has been rising since Republican candidate Trump won last Tuesday's US presidential election over sentiment that he will ease regulations on digital currencies.
- During his first presidency Trump referred to cryptocurrencies as a scam, but has since radically changed his position, even launching his own platform for the unit.
Qatar halts Gaza mediation efforts amid stalled talks on ceasefire and hostage release
The Gulf emirate, which has hosted Hamas's political leadership since 2012 with US blessing, has been involved in months of...
- Talks, also mediated by Cairo and Washington, have repeatedly hit problems since a one-week truce in November 2023 -- the only one so far
- One crucial hurdle has been Hamas's insistence that Israel withdraw completely from Gaza, something Israeli officials have repeatedly rejected