Trump drops Ukraine ceasefire demand after Putin summit, to pursue full peace accord
Prior to the high-stakes meeting in Alaska, securing an immediate cessation of hostilities had been a core demand of Trump...
Geostrategy
Economy
China’s new premier warns 5% growth rate for 2023 not ‘easy’ to achieve
Beijing, China--China's new premier warned Monday that the country's five-percent growth target for 2023 would not be "easy" to achieve, as...
- The Chinese government has set the economic growth target of around five percent as the country came out of strict zero-Covid rules that undermined growth
- The new premier also took a dig at the US as relations between the two powers have worsened over a host of issues such as trade, technology and security
‘Everything Everywhere’ conquers all at Oscars
The surreal sci-fi film bags seven Oscars including Best Picture, Best Director, Best Actress, Best Original Screenplay, Best Editing, and...
- The surreal sci-fi film bags seven Oscars including Best Picture, Best Director, Best Actress, Best Original Screenplay, Best Editing, and Best Supporting Actor and Actress prizes
- Michelle Yeoh becomes the first Asian woman to win Best Actress for her portrayal of a Chinese laundromat owner fighting an inter-dimensional supervillain
Market Report
ADNOC Gas gains US$9.2bn on first day after IPO
Shares in ADNOC Gas were heavily oversubscribed even after the offering was expanded from 4.0 to 5.0 percent of issued...
- Shares in ADNOC Gas were heavily oversubscribed even after the offering was expanded from 4.0 to 5.0 percent of issued share capital in response to strong interest
- The final price was set at 2.37 dirhams ($0.65) per share, towards the top of its range, raising about $2.5 billion and implying a market capitalization of around $50 billion
Economy
King Abdullah’s daughter marries a Greek-origin financier
Princess Iman, the eldest daughter of King Abdullah and Queen Rania, has wed a financier of Greek origin at a...
- The groom born in 1994 in Venezuela to a family of Greek origin works as a financier in New York
- The princess born in 1996 graduated from Georgetown University in Washington
Iran names Ghalenoei as Queiroz successor
Based on the technical and expert review and the agreement made, Mr. Amir Ghalenoei, the valuable coach of our country...
- Ghalenoei, 59, held the Iran job from 2006 to 2007 before his contract was ended after elimination by the South Korea in the 2007 Asian Cup quarterfinals
- He is the most successful coach in Iranian premier league history with five titles, three times with Tehran powerhouse Esteghlal FC and two with Sepahan
Geostrategy
Israeli army shoots dead three Palestinians in West Bank
Nablus, Palestinian Territories - Three Palestinian gunmen were shot dead after they fired at Israeli soldiers in the northern West Bank...
- Violence intensified last year but has worsened in the West Bank since Israeli Prime Minister Benjamin Netanyahu returned to office in December.
- Since the start of the year, the Israeli-Palestinian conflict has claimed the lives of 81 Palestinian adults and children, including militants and civilians.
Geostrategy
Ready for prisoner swap with US, says Iranian foreign minister
TEHRAN, IRAN - Iran's top diplomat on Sunday said "everything is ready" to implement a stalled prisoner exchange deal with the...
- At least 16 Western passport holders, most of them dual nationals - which Iran does not generally recognize - are detained in the country.
- At least three US citizens are held in the country's prisons, according to Iran's judiciary and the US State Department.
Business
VW to cut e-car prices
The price drop is seen as a direct response to cuts by Tesla.
- Volkswagen will start selling its ID.3 electric car model from March end for less than $42,000.
- That is a 3,000-euro markdown from the current ID.3 price tag, putting it on par with US rival Tesla's popular Model Y.
Business
Saudi to create new airline in pursuit of 100 destinations goal by 2030
The Gulf kingdom is pursuing ambitious aviation goals as part of Crown Prince Mohammed bin Salman's wide-ranging "Vision 2030" reform...
- Creation of Riyadh Air is part of a plan to turn Riyadh into a global aviation hub rivalling regional leaders like Dubai and Doha.
- Last November officials announced plans for a new airport in Riyadh spanning 22 square miles, that is set to accommodate 120 million travelers by 2030.
Geostrategy
Iran serves death penalty to a Swedish-Iranian dissident over ‘terrorism’
TEHRAN, IRAN - Iran's judiciary on Sunday confirmed a death sentence for a Swedish-Iranian dissident for "terrorism" over two years since...
- Habib Chaab was convicted on charges of "corruption on earth" and for creating a rebel group.
- Before the dissident Chaab, six persons were awarded death sentence on the same charges by Iran.
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
Company News
Italy’s Enel doubles net profit
Business
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Lamborghini sales up in 2023
Business
Trump safe after apparent assassination attempt, person in custody
The incident came amid heightened tensions in the knife-edge presidential race, and concern for the safety of both candidates. "There...
Geostrategy
Gaza rescuers say Israeli strike on house kills 11, including children
"We have recovered the bodies of 11 martyrs, including four children and three women, after an Israeli warplane hit a...
Geostrategy
US blames Iran-linked group for attack on Iraq diplomatic compound
The US embassy in Baghdad said in a statement issued on Friday that the attack was "initiated by Iran-aligned militia...
Geostrategy
Most Read
Business
Aramco Digital, Groq to build world’s largest AI inferencing data center
Riyadh, Saudi Arabia -- Aramco Digital Company and Groq, a leader in artificial-intelligence (AI) inference, have announced their partnership to...
- The announcement was made on the sidelines of the Global AI Summit (GAIN Summit), which concluded in Riyadh on Thursday.
- The facility will process 5.28 million tokens per second by the end of 2024 and 53 tokens per second by 2025.
Geostrategy
Raided West Bank city holds funerals after Israeli army withdraws
On Friday morning, hundreds of people walked through the streets of Tubas alongside the four bodies hoisted on stretchers and...
- The Israeli military said that its forces were engaged in a "counter-terrorism operation" in the area of Tubas
- The official Palestinian news agency Wafa said the military withdrew Thursday evening
Business
Microsoft cutting more jobs from its gaming unit amid industry layoffs
San Francisco, United States- Microsoft is cutting about 650 more positions from its gaming unit as it continues to tighten its...
- No games or devices are being cancelled, nor are any studios being closed as part of the "adjustments" made at Microsoft's gaming unit on Thursday, according to Spencer
- Layoffs have become common in the video game industry, with Sony PlayStation early this year announcing it was laying off eight percent of its global workforce