‘Far too late’: Clutching pots and buckets, Palestinians despair after UN declares famine in Gaza
"We have no home left, no food, no income... so we are forced to turn to charity kitchens, but they...
Geostrategy
AI helps UK woman rediscover lost voice after 25 years
London, United Kingdom -- A British woman suffering from motor neuron disease who lost her ability to speak is once...
Science
Economy
G7 starts ‘difficult’ climate talks on fossil fuel commitments
Sapporo, Japan--G7 allies kicked off two days of "difficult" climate talks in northern Japan on Saturday, facing pressure to show progress...
- Differences have deepened among the group as the energy crisis caused by the Ukraine war squeezes G7 countries
- The G7 climate statement draft, seen by AFP, recognizes the primary need to accelerate the clean energy transition
Saudis among scores of Yemen war prisoners freed on day two of swap
The first flight of the day took off from the southern Saudi city of Abha before 9:00 am (0600 GMT),...
- The flights connecting Saudi Arabia and Houthi-held territory in Yemen were part of a multi-day transfer involving nearly 900 detainees
- Analysts say that eight years after mobilizing a coalition to crush the Houthis, the Saudis have come to terms with the fact that this goal will not be met
Geostrategy
Jeddah meeting: Call for Arab role in resolving Syrian crisis, easing Asad’s isolation
Syria was suspended from the Arab League in 2011 over Assad's brutal crackdown of pro-democracy protests. But on Wednesday, in...
- Top diplomats from the six Gulf Cooperation Council countries plus Egypt, Iraq and Jordan met in Saudi Arabia at the kingdom's request
- Syrian President Bashar al-Assad has been shunned by many Middle Eastern countries and is a Western pariah over the ongoing civil war in the country
Geostrategy
Japan PM Fumio Kishida unhurt in ‘smoke bomb’, man detained
Moments after a blast was heard in Wakayama, Japanese Prime Minister Fumio Kishida was evacuated from the spot, and he...
- The incident occured when the prime minister was about to deliver remarks to a crowd in support of a ruling party candidate in upcoming lower house by-elections
- After the assassination of former prime minister Shinzo Abe while speaking at a campaign event in July 2022, Japan has shored up security around politicians
Business
Elon Musk establishes X.AI artificial intelligence company in Nevada
San Francisco, United States--Elon Musk has formed an X.AI artificial intelligence corporation based in the US state of Nevada, according to...
- According to an insider report, Musk has purchased costly computing processors and hired engineering talent as part of an AI project at Twitter
- Google, Meta and Microsoft have spent years working on AI systems to help with translations, search and targeted advertising
Geostrategy
Arab nations gather to discuss ending Syria’s long isolation
Arab countries gathered in Jeddah on Friday to discuss ending Syria's long spell in the diplomatic wilderness as regional relations...
- The Jeddah meeting is one of a flurry of initiatives following Saudi Arabia and Iran's landmark announcement on March 10 that they would resume ties.
- Although the Arab League takes decisions by consensus, unanimous agreement is unlikely, said a Riyadh-based diplomat who declined to be identified.
Business
Large US banks post higher profits despite recent industry turmoil
JPMorgan Chase reported a rise in first-quarter profits alongside banking giants Citigroup and Wells Fargo. The first look at the...
- Recent banking industry turmoil following the collapse of Silicon Valley Bank raised worries about a flight of deposits.
- Shares of JPMorgan rose 7 percent to $138.06, Citi gained 3.1 percent to $48.7, Wells Fargo dipped 0.1 percent to $39.63.
Geostrategy
Thousands of Iranians hold rallies on pro-Palestine Jerusalem Day
The pro-Palestinian rallies follow months of unrest in Iran sparked by the September death in custody of Mahsa Amini, a...
- Rallies were held in Tehran and other major Iranian cities including Tabriz in the northwest, Hamedan in the west, Yazd in the center.
- In central Tehran, protesters were burning US and Israeli flags and images of Israel's Prime Minister Benjamin Netanyahu.
Economy
Inflation likely to drop in Europe but uncertainty remains: ECB
Sky-high inflation driven by sharp increases in the cost of energy prompted the ECB to crank up interest rates at...
- In March, consumer prices in the eurozone rose by 6.9 percent on an annual basis in the eurozone, down from 8.5 percent in February.
- The figure was the lowest rate recorded in a year, and much below the peak of 10.6 percent recorded in October.
Business
Hermes Q1 revenue at US$3.7bn
The performance was driven by strong sales, especially in Asia.
- "The first quarter of 2023 is a continuation of the good results of 2022," Hermes chief executive Axel Dumas said in a statement.
- China, the world's second biggest economy, ended nearly three years of Covid restrictions in December.
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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
‘Far too late’: Clutching pots and buckets, Palestinians despair after UN declares famine in Gaza
"We have no home left, no food, no income... so we are forced to turn to charity kitchens, but they...
Geostrategy
Company News
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Born to help: Syria bikers deliver Ramadan meals
Arts & Culture
Escalating Conflict: Israel strikes Hezbollah in Lebanon killing mayor war
Hezbollah claimed it destroyed an Israeli tank using a guided missile, while Israel reported killing Hezbollah leader Jalal Mustafa Hariri...
Geostrategy
Middle East crisis top-of-mind at first EU-Gulf summit in Brussels
Confirmed at the last minute, the presence of Saudi Arabia's Crown Prince among the six Gulf leaders in attendance heightened...
Geostrategy
Asian markets track Wall Street losses on worries over tech rally
Hong Kong, China- Asian markets mostly fell on Wednesday after a tech-led sell-off on Wall Street fueled by worries about the...
Economy
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Geostrategy
Netanyahu assures Biden, Iran counterstrike will only target military sites as war spreads to Lebanon and Gaza
US officials, citing Netanyahu’s pledge, reported relief in Washington as Israel’s counterstrike on Iran will not target oil or nuclear...
- Israel has vowed to counterattack after Iran fired ballistic missiles at the country on October 1, launched in response to Israel's killing of Tehran-aligned leaders in the region
- Biden has warned Israel against striking Iran's nuclear or oil facilities in order to avoid a further expansion of regional war and amid worries of a spike in global energy prices
Geostrategy
Israel strikes Lebanon after Netanyahu vows no mercy for Hezbollah
srael's military launched strikes Tuesday on eastern Lebanon, as Hezbollah fought Israeli soldiers after Prime Minister Benjamin Netanyahu vowed no...
- Statement comes a day after a drone attack by Hezbollah killed four Israeli soldiers
- The Unifil peacekeepers will stay in their positions despite suffering injuries
Can biodiversity credits unlock billions for nature?
Paris, France - For supporters, biodiversity credits could unlock billions in much-needed funding for nature, but critics fear a repeat of...
- Brazilian President Luiz Inacio Lula da Silva has mooted a global fund for rainforest conservation that considers paying countries for forest areas that are protected or restored
- Many environment groups are wary, fearing money generated from biodiversity credits will not benefit conservation or indigenous communities living closely with nature