Israel demands release of all hostages after Hamas backs new truce offer
Mediators are awaiting an official Israeli response to the plan, a day after Hamas signaled its readiness for a fresh...
Geostrategy
Dubai police retrieve stolen diamond worth $25 million
Dubai, United Arab Emirates -- Dubai police said on Monday they caught three thieves just hours after they stole a...
Geostrategy
Geostrategy
Israel attorney general criticizes judicial reform move
JERUSALEM -Israel's attorney general on Friday accused Prime Minister Benjamin Netanyahu of "illegal" public intervention on the government's divisive judicial...
- The prime minister must avoid any involvement in changes in the judicial system, Israel’s attorney general said.
- Israel’s PM pledged to do everything to find a solution that would satisfy both supporters and critics of the judicial reforms.
Geostrategy
Those who sow the wind reap the whirlwind: Iran on French protests
Kanani was referring to criticism, including from France, of Iran's response to months-long protests triggered by the death of Mahsa...
- Protesters clashed with French security forces on Thursday in the most serious violence yet of a three-month revolt against Macron's decision to increase the retirement age
- Kanani was referring to criticism, including from France, of Iran's response to months-long protests triggered by the death of Mahsa Amini after the 22-year-old's arrest
Geostrategy
Denmark asks Nord Stream owner to help recover mystery object
COPENHAGEN, DENMARK - Denmark has invited the Russian-controlled operator of the Nord Stream 2 pipeline to help recover a mystery object...
- Russian energy giant Gazprom holds a majority stake in the twin pipelines, with the rest owned by German, Dutch and French companies.
- The Danish energy agency released a photo of the cylindrical object standing near the Nord Stream 2 pipeline at the bottom of the sea.
Geostrategy
Saudi Arabia crown prince shows new pragmatism with Iran deal
Mohammed bin Salman has also worked to mend rifts with regional rivals like Qatar and Turkey, and even offered up...
- Mohammed bin Salman has also worked to mend rifts with regional rivals like Qatar and Turkey, and offered up the Gulf kingdom as a mediator for the war in Ukraine
- On his watch, the formerly closed-off kingdom sidelined the religious police, allowed women to drive, opened cinemas and started granting tourist visas
Business
South Korea plans to extradite crypto fugitive Do Kwon
Kwon, whose full name is Kwon Do-hyung, has been accused of fraud over his company's dramatic collapse last year, which wiped...
- US charged Do Kwon with eight counts, including securities fraud and wire fraud, which followed a lawsuit by the US Securities and Exchange Commission
- In South Korea, where Kwon is wanted for violations of the country's capital markets act, authorities confirmed Friday that they would seek his extradition
Business
Johnson & Johnson loses key tuberculosis drug patent in India
New Delhi, India--India's Patent Office rejected on Thursday US pharmaceutical giant Johnson and Johnson’s application to extend its patent on a...
- Rejecting Johnson & Johnson's application, Assistant Controller of Patents and Designs Latika Dawara said that it did not meet the requirements of India's Patent Act
- The decision is likely to enable Indian manufacturers to begin work on generic versions of the drug once the primary patent expires in July
Business
Accenture to cut 19,000 jobs
It will slash 2.5% of workforce as a cost-cutting effort.
- The firm expects to incur $1.5 billion in costs as a result of the downsizing, including $1.2 billion directly related to the layoffs
- According to the company's recent annual report, it put the number of employees at 721,000 in 2022
Geostrategy
Israeli judicial reforms: Netanyahu vows unity as protests linger
Netanyahu, in a televised address, said he was determined to advance the reforms but wanted to reach a solution acceptable...
- Thousands of Israelies rallied against proposed judicial reforms in Jerusalem outside Netanyahu's residence as well as in the northern city of Haifa
- Israeli prime minister says the proposed changes are necessary to diminish the powers of the Supreme Court, which they argue has become politicized
Geostrategy
US airstrikes in Syria kill eight pro-Iran fighters after contractor death
Defense Secretary Lloyd Austin said Thursday that at the direction of President Joe Biden, he had authorised "precision airstrikes tonight...
- On Friday, Rami Abdel Rahman, head of the Syrian Observatory for Human Rights, a Britain-based monitor, said eight people had been killed by US strikes
- Two of the US service members wounded on Thursday were treated on site, while the three other troops and one US contractor were medically evacuated to Iraq
Geostrategy
UN warns funding shortfall can slash support for Yemen children
Warning that it could be left with no option but to cut support for children in Yemen without a funding...
- According to some estimates, some 11,000 children are known to have been killed or maimed since the conflict escalated in 2015
- The UN says that fighting in Yemen has sparked off what it describes as one of the world's worst humanitarian tragedies
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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
Israel demands release of all hostages after Hamas backs new truce offer
Mediators are awaiting an official Israeli response to the plan, a day after Hamas signaled its readiness for a fresh...
Geostrategy
Company News
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OpenAI chief technology officer Mira Murati leaving company
San Francisco, United States - OpenAI chief technology officer Mira Murati on Wednesday said she is leaving the company behind ChatGPT,...
Business
OECD raises growth forecast, calls for higher property taxes
Paris, France -- The OECD on Wednesday slightly raised its world economic growth forecast for 2024 but called for higher property...
Economy
Diplomacy fails Lebanon: Biden hints all-out-war while Israel plans ground invasion
Israel's army chief told troops on Wednesday to be prepared for possible entry into Lebanon as Israeli fighter jets bombarded...
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Geostrategy
HRW says Israeli strikes on Lebanon putting civilians ‘at grave risk’
United Nations "member states should take urgent action to establish an independent inquiry into violations during the current hostilities", said...
- Israeli raids on Lebanon on Monday killed at least 558 people
- "More than 1,000 Israeli strikes across Lebanon that have killed hundreds of people and injured thousands" this week
Geostrategy
Biden warns at UN against ‘full-scale war’ over Lebanon
Biden also pushed again for an elusive ceasefire between Israel and Hamas, telling the global body it was time to...
- The UN General Assembly, the high point of the diplomatic calendar, comes as Lebanese authorities say Israeli strikes killed 558 people -- 50 of them children
- "Full-scale war not in anyone's interest. Even though the situation has escalated, a diplomatic solution is still possible," Biden said in his farewell address to the global body
Economy
No peak oil demand ‘on the horizon’, phaseout a ‘fantasy’: OPEC
Paris, France - OPEC said Tuesday that phasing out oil was a "fantasy", as the Saudi-led cartel forecast that demand would...
- The oil cartel's prediction runs counter to the assessment of the Paris-based International Energy Agency, which sees demand for fossil fuels peaking this decade
- In the group's annual World Oil Outlook (WOO), OPEC Secretary General Haitham Al Ghais said oil and gas make up well over half of the energy mix today