Israeli strikes kill 40 Palestinians in Gaza, says civil defense agency
The latest deadly strike comes as Israeli military hinted at an approaching call to push civilians from Gaza City ahead...
Geostrategy
Made-for-TV pageantry as Trump brings Putin in from cold
Anchorage, United States - Stepping foot on Western soil for the first time since he ordered the invasion of Ukraine,...
Geostrategy
Business
Tech sector fallout feared as SVB collapse freezes billions of startup dollars
New York, United States -- Silicon Valley Bank's stunning collapse has led to the freezing of tens of billions of dollars...
- The company, whose website says it is "the financial partner of the innovation economy," taken over by the US Federal Deposit Insurance Corporation to prevent further damages.
- For banks that are FDIC-insured, only $250,000 per account is guaranteed. But according to SVB's annual report, 96 percent of its total $173 billion in deposits was uninsured.
Geostrategy
Will plant 5m trees in country, says Iraqi Prime Minister
BASRA, IRAQ - Iraq's prime minister on Sunday announced a campaign to combat the severe impacts of climate change on the...
- Oil-rich but war-battered Iraq suffers from extreme summer heat, frequent droughts, desertification and regular dust storms.
- Prime Minister Mohammed Shia al-Sudani told a climate conference that more than seven million Iraqis had already been affected by climate change.
Geostrategy
Over 100 arrested over school poisonings in Iran
TEHRAN, IRAN - Iran has announced more than 100 arrests nationwide over the mystery poisonings of thousands of schoolgirls, charging that...
- Iran's interior ministry had announced the arrests over the suspected poison attacks in over 200 schools.
- In the wave of cases since late November, schoolgirls have suffered fainting, nausea, shortness of breath and other symptoms.
Geostrategy
Israeli strikes kill two pro-Iran fighters in Syria, says war monitor
Israeli airstrikes targeting a weapons depot in Syria killed two pro-Iran fighters and wounded three soldiers, a war monitor said....
- Since Syria's civil war erupted in 2011, Israel has carried out hundreds of strikes against its northern neighbor.
- Israel has targeted government troops as well as allied Iran-backed forces and Lebanon's Hezbollah fighters in Syria.
Science
NASA SpaceX Crew-5 returns to Earth after 5-month mission
Crew-5, which launched from Florida's Cape Canaveral in early October 2022, was the fifth mission in space for Wakata and...
- The SpaceX "Endurance" capsule splashed down in the Gulf of Mexico shortly after 9:00 PM (0200 GMT) off the west coast of Florida
- Before leaving the ISS, Crew-5 were met by the successor Crew-6 mission members, who launched March 1 from Cape Canaveral
Business
BBC top boss not to resign in face of Lineker controversy
London, United Kingdom--The BBC's director general Tim Davie said he will not resign after the publicly-funded broadcaster's sport service was decimated...
- The controversy was triggered by Lineker's response to a video in which Home Secretary Suella Braverman unveiled plans to stop migrants crossing the Channel on small boats
- The publicly-funded broadcaster said on Friday that Gary Lineker, England's fourth highest goalscorer of all-time, had breached guidelines on impartiality
Business
Aramco reports bumper profits
It posted $161bn profits last year on high oil prices.
- The world's second most valuable company behind Apple, said in a filing with the Saudi stock market that net income for 2022 was $161.07 billion, up from $110 billion in 2021
- Energy prices are expected to stay elevated in 2023, in part because of production cuts approved last October by the OPEC+ cartel that Riyadh co-leads with Moscow
Geostrategy
Syria facility attempts to rehabilitate IS-scarred foreign children
More than 50 boys aged 11-17, some with parents hailing from Britain, France, Germany or the United States, live at the...
- The boys at the Orkesh rehabilitation center were transferred from Al-Hol and Roj, authorities said, as well as from the Ghwayran prison
- Kurdish authorities have repeatedly called on countries to repatriate their citizens, but foreign governments have allowed only a trickle to return home
Economy
China retains Yi Gang as central bank chief to revitalize economy
The Chinese government has confirmed Yi Gang as governor of the People's Bank of China, against expectations that retirement-age Yi...
- At a meeting of China's rubber-stamp national legislature to appoint the country's new cabinet, Yi Gang was confirmed as governor of the People's Bank of China
- Xi has stacked the top levels of government with loyalists as he cements his grip on power, with trusted ally Li Qiang confirmed as premier on Saturday
Business
SVB failure unnerves USDC, other cryptocurrencies
The FDIC on Friday took over SVB, a major lender to the tech world, in the second-largest bank failure in...
- It is widely believed that the process of liquidating the bank's assets can drag on for a long time, with no certainty of just how much will be recovered
- As per the California Department of Financial Protection and Innovation withdrawal orders from SVB reached a breathtaking $42 billion
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 strikes kill 40 Palestinians in Gaza, says civil defense agency
The latest deadly strike comes as Israeli military hinted at an approaching call to push civilians from Gaza City ahead...
Geostrategy
Company News
Lamborghini sales up in 2023
Business
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Stock markets rise, gold hits record high as US rate cut nears
More data this week suggesting the Federal Reserve was winning the battle against inflation provided an extra kick for global...
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...
Business
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...
Geostrategy
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Geostrategy
US releases $1.3 billion in military aid to Egypt
The United States, Egypt and Qatar are parties to the negotiations for the release of the hostages held by Hamas...
- Last year, the United States had made the release of part of this annual aid conditional on progress being made on respecting human rights in Egypt
- This year, however, the State Department said Egypt had made "progress" in certain areas of human rights, and mentioned Cairo's help in mediating between Israel and Hamas
Geostrategy
EU’s top diplomat urges de-escalation at Lebanon-Israel border
As war has raged in the Gaza Strip following Hamas's October 7 attack on Israel, Lebanon's Hezbollah has traded near-daily...
- "We need to de-escalate military tensions," Borrell told
- "We have to continue pushing for a comprehensive peace in the region," he said
Geostrategy
UN chief says six colleagues killed in Israel strike on Gaza school
United Nations Secretary-General Antonio Guterres said late Wednesday that Israeli air strikes on a school-turned-shelter in Gaza killed six staffers...
- UNRWA called it the highest death toll among its staff in a single incident
- Rescuers said the strike killed 18 people, including UN staffers