Turkey to offer mediation in US-Iran showdown during Iran foreign minister’s Friday visit
Friday's visit by Iranian Foreign Minister Abbas Araghchi comes after US President Donald Trump threatened a military strike on Iran...
Geostrategy
US deploys aircraft carrier as Iran warns against attack, says ready to hit back
A US naval strike group led by an aircraft carrier has deployed to Middle Eastern waters, the United States said Monday,...
Geostrategy
Business
BYD logs record EV sales in 2025
It sold 2.26m EVs vs Tesla's 1.22 by Sept end.
- Tesla is expected to announce its total EV sales for last year on Friday.
- Shenzhen-based BYD, which also produces hybrid cars, announced the data in a statement published to the Hong Kong Stock Exchange, where it is listed.
Geostrategy
Yemen separatists say Saudi-backed forces to deploy in seized territories
A surprise STC offensive seizing resource-rich Hadramawt and Mahra has pushed the UAE and Saudi Arabia, officially allies in Yemen,...
- On Tuesday, the Saudi-led coalition in Yemen struck what it said was a shipment of Emirati weapons destined for the separatists.
- But a source close to the Saudi government told AFP on Thursday that Saudi Arabia's security needs would only be met if the STC "move out of Hadramawt and Mahra".
Investigation
Drones dive into aviation’s deepest enigma as MH370 hunt restarts
Washington, United States - Nearly 12 years after Malaysia Airlines flight MH370 vanished with 239 people on board, the search...
- Armed with cutting-edge deep-sea robots, US investigators are scouring the seabed for clues that have eluded governments
- The Malaysian government has given the green light for a fresh attempt led by Texas-based marine robotics firm Ocean Infinity
Geostrategy
Israel’s Mossad tells Iranian protesters ‘we are with you’
Israel's Mossad spy agency issued a direct call urging Iranians to press on with protests, saying it was supporting them...
- Protests that began on Sunday with Tehran shopkeepers rallying against Iran's worsening economy have spread to other cities
- The Iranian rial has dropped against the US dollar and other world currencies, forcing up import prices and hurting retail traders
Business
SoftBank lifts OpenAI stake to 11% with $41bln investment
Tokyo, Japan -- Japanese tech investor SoftBank said Wednesday that its stake in OpenAI is now around 11 percent after...
- Having made colossal profits as well as losses on previous investments, flamboyant founder Masayoshi Son has pivoted SoftBank towards artificial intelligence (AI).
- SoftBank had announced in April its planned investment of up to $40 billion in Open AI, and on Wednesday it said that the second tranche of $22.5 billion was completed.
Business
TSMC says started mass production of ‘most advanced’ 2nm chips
Taipei, Taiwan -- Taiwanese tech titan TSMC has started mass producing its cutting-edge 2-nanometre semiconductor chips, the company said in...
- TSMC is the world's largest contract maker of chips, used in everything from smartphones to missiles, and counts Nvidia and Apple among its clients.
- The chips will be the "most advanced technology in the semiconductor industry in terms of both density and energy efficiency", the company said.
Geostrategy
Israel to ban 37 organizations operating in Gaza, aid flow under threat
Apart from MSF, some of the 37 NGOs to be hit with the ban are the Norwegian Refugee Council, World...
- In a territory with 2.2 million inhabitants, "1.3 million people still require urgent shelter support," the ministers of Britain, Canada, Denmark and several other nations said.
- On Wednesday, the United Nations rights chief Volker Turk described Israel's decision as "outrageous", calling on states to urgently insist Israel shift course.
Economy
Syria reveals new post-Assad banknotes
Syrian leader Ahmed al-Sharaa unveiled on Monday new banknotes replacing those showing ousted ruler Bashar al-Assad and his family, hoping...
- Since the start of Syria's civil war in 2011, the pound has plunged from 50 to around 11,000 against the greenback
- The removal of the zeros, which does not impact the currency's value, was done to make transactions easier
Geostrategy
“Hell to pay”: Trump warns Hamas after Netanyahu talks, threatens Iran with fresh strikes
US President Donald Trump warned Iran of fresh strikes and said Hamas would have "hell to pay" if it fails...
- Speaking at a news conference with Netanyahu, Trump threatened to "eradicate" any attempt by Tehran to rebuild its nuclear program
- Trump also downplayed reports of tensions with Netanyahu over the Gaza ceasefire, saying Israel had "lived up" to its commitments
Business
Meta buys China-founded AI agent Manus
Singapore, Singapore -- Facebook owner Meta has agreed to acquire Manus, an artificial intelligence agent created by a company founded...
- However, analysts warned the deal could fall foul of regulators at a time of fierce technological rivalry between Washington and Beijing.
- Exceeding the capabilities of AI chatbots like ChatGPT, AI agents can autonomously perform complex tasks for users, and are seen as having huge potential.
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
Turkey to offer mediation in US-Iran showdown during Iran foreign minister’s Friday visit
Friday's visit by Iranian Foreign Minister Abbas Araghchi comes after US President Donald Trump threatened a military strike on Iran...
Geostrategy
Company News
Latest News
Saudi, Qatar, Oman convinced Trump to ‘give Iran a chance’: senior Saudi official
Two diplomatic sources told AFP on Thursday that the security posture at Qatar's Al-Udeid Airbase had been lowered after a...
Geostrategy
Gaza ceasefire enters phase two despite unresolved issues between Israel and Hamas
The most contentious questions remain Hamas's refusal to publicly commit to full disarmament, a non-negotiable demand from Israel, and Israel's...
Geostrategy
Iran vows fast trials over protests after Trump threatened “very strong action”
Iran on Wednesday vowed fast-track trials for people arrested over a massive wave of protests, after US President Donald Trump...
Geostrategy
Most Read
Economy
World Bank lifts 2026 growth forecast, warns of softer demand
The bank expects world GDP growth of 2.6 percent this year, according to its latest global economic prospects report. The...
- But the rate still marks a slowdown from the 2.7% pace seen in 2025, with the Bank warning that the 2020s are "on track to be the weakest decade for global growth since the 1960s".
- As countries adjust and policy uncertainty recedes, the bank anticipates that trade growth will firm up again in 2027.
Geostrategy
Starlink services disrupted in Iran amid expanding protests and broader measures affecting internet access
Widespread jamming of the Starlink satellite internet service used by some Iranian opposition members is a likely first in peacetime but...
- Tehran has sought to completely cut off internet access as protests sparked by economic grievances have gathered pace
- A blackout of the internet delivered by ground cables to PCs and mobile phone masts has lasted over three and a half days
Business
Gold hits record high, dollar falls as US targets Fed
Fed Chair Jerome Powell confirmed the "unprecedented" subpoenas against the bank in a rare video address on Sunday, which he...
- European stocks wavered after a strong showing in Asia, seen on the back of solid gains on Wall Street before the weekend.
- Gold climbed close to $4,600 an ounce while silver approached $85 an ounce as investors sought traditional safe havens.