Search Site

Roche to buy Poseida Therapeutics

The $1.5 billion deal is due to close in early 2025.

BP announces $7bn gas project

The project aims to unlock 3 trillion cu ft of gas resources in Indonesia.

Lulu Retail Q3 profit $35m

For the nine-month period, net profit increased by 73.3%.

Talabat IPO offer price range announced

The subscription will close on 27 Nov for UAE retail investors.

Salik 9M net profit $223m

The company's third-quarter profit increased by 8.8 percent.

Lebanon’s Hizbollah launched ‘dozens’ of rockets at Israel after civilian deaths

Hizbollah fighters fired "dozens of Katyusha rockets" at northern Israel "as part of the response to the Israeli enemy's attacks...
  • The Iran-backed Hizbollah group and Israel have exchanged regular fire in the south of Lebanon since October
  • Hizbollah said it launched "a combined air attack using decoy and explosive drones that targeted" two Israeli bases north of Acre

FPT and Nvidia to build AI factory

Nvidia had invested around $250 million in Vietnam.
  • FPT said it has established a strategic partnership with Nvidia, which includes plans to build a $200-million-dollar AI factory using Nvidia's AI software and chips.
  • Nvidia's singular role in the AI revolution has taken the world by storm, with its powerful GPU chips and software an integral ingredient in the creation of generative AI.

Baby delivered from dying mother’s womb in Gaza ‘miracle’

At just seven months pregnant, her mother, Sabreen al-Sakani, reached the emergency unit in critical condition after she was fatally...
  • "It's a miracle that she was still alive, despite her difficulties in breathing," said Sahib al-Shams, a surgeon and director of the Kuwaiti hospital in Rafah.
  • "The mother died 10 minutes later," Shams said, adding that the baby's father and sister had been declared dead on arrival at the hospital.

Tunisia, Algeria, Libya hold ‘advisory’ meeting to create new regional coalition

The meeting was decided on by Algerian President Abdelmajid Tebboune, Libya's head of presidential council Mohamed Al-Menfi and Tunisian President...
  • The coalition is aimed at furthering "security, stability and development throughout the region", Tunisian foreign minister Nabil Ammar said
  • No leaders from Morocco or Mauritania were present at the meeting, set to take place every three months

Water, oil and security on agenda as Erdogan visits Iraq

The Turkish leader met with Iraqi President Abdel Latif Rashid in Baghdad. He told Rashid that Turkey "had expectations of...
  • The PKK (Kurdistan Workers Party), which has fought a decades-long insurgency against the Turkish state, has a presence in northern Iraq, as does the Turkish military.
  • Also on the agenda is a $17 billion road and rail project known as the "Route of Development" which is expected to consolidate economic ties between the two neighbors.

Swiss reserve hike hits UBS

The reserve requirement will increase from 2.5% to 4% from July 1.
  • The move follows government plans unveiled earlier this month that would tighten rules for banks deemed too big to fail.
  • UBS, Switzerland's biggest bank, acquired struggling rival Credit Suisse last year in a government-engineered deal aimed at preventing a financial crisis.

Rockets fired from Iraq at US-led coalition base in Syria

Rockets were fired late Sunday from northern Iraq at a military base in Syria housing a US-led coalition, according to...
  • It is the first major attack against the coalition forces in several weeks
  • The Islamic Resistance in Iraq has said it is acting in solidarity with Palestinians and out of anger at US support for Israel

Syria has held ‘meetings’ with US: Assad

The United States was among the first to cut ties with Assad over the repression of anti-government protests that sparked...
  • The United States was among the first to cut ties with Assad over the repression of anti-government protests that sparked war in 2011
  • Last year Syria returned to the Arab fold, seeking better ties with wealthy US-allied Gulf states, in the hope they can help fund reconstruction

Iran, Israel appear to pull back from brink as US approves military aid

Iran downplayed Israel's reported retaliation for its unprecedented drone and missile attack, tamping down fears that escalating attacks between the...
  • Aiming to bolster Israel's defences including its Iron Dome air defence system, the US House of Representatives approved $13 billion in new military assistance for the country
  • Israeli Prime Minister Benjamin Netanyahu welcomed the aid bill, writing on X, that it "demonstrates strong bipartisan support for Israel and defends Western civilization."

Erdogan urges Palestinian unity after meeting Hamas chief: office

Erdogan called on Palestinians to unite following the talks at the Dolmabahce palace, on the banks of the Bosphorus strait,...
  • Erdogan said recent events should not allow Israel to "gain ground and that it is important to act in a way that keeps attention on Gaza".
  • "Even if only I, Tayyip Erdogan, remain, I will continue as long as God gives me my life, to be the voice of the oppressed Palestinian people," the president said.

Lebanon MPs demand UN protection of heritage sites from Israel attacks

The Lebanese MPs called on Azoulay to "urgently prioritize the protection of these historic sites by mobilizing UNESCO’s authority.

Latest News

UAE’s e& bends to European Union foreign subsidy rules

Brussels, Belgium -- The European Commission gave the green light Tuesday for an Emirati group to acquire the assets of a...

UN chief warns Lebanon on ‘brink’ as world leaders gather

Top United Nations officials have expressed deep concerns over the violent Lebanon-Israeli situation that has resulted in the deaths of...

Lebanon flights suspended as Hezbollah-Israel tensions continue to spiral out of control

Major airlines such as Emirates, Qatar Airways and Air France have suspended growing numbers of flights to Lebanon as tensions...

Most Read

Economy – the biggest loser in the Israeli-Arab war

The sheer scale of destruction from the deadliest war in Gaza's history has made the road to recovery difficult to...
  • With bombs still raining down on Gaza, many of the Palestinian territory's 2.4 million people face re-construction challenges
  • 11 months of war in Gaza has battered Israel's economy, and poverty is now threatening communities

Boeing lifts wage hike to 30% 

The 30% general wage hike improves upon the 25% in the earlier offer.
  • The International Association of Machinists and Aerospace Workers District 751 walked out on September 13, in a strike involving 33,000 workers in the Pacific
  • The 30 percent general wage increase improves upon the 25 percent in the earlier offer, which was initially endorsed by IAM leaders

Hamas weakened, not crushed a year into war with Israel

The Palestinian group has not been crushed outright, and a year on from its unprecedented attack on Israel, an end...
  • In one of the biggest blows to the movement since it was founded in 1987 during the Palestinian intifada uprising, Hamas's leader Ismail Haniyeh was assassinated in Iran on July 31
  • On the Gaza battlefield, Israeli forces have aggressively pursued both Sinwar and Hamas military chief Mohammed Deif, whom Israel says it killed in an air strike