Gulf tourists say Polish mountain town is a cool place
Zakopane, Poland -- Saudi photographer Fahad Alayyash gazed over the Alpine-like panorama of the Tatras, Poland's highest mountain range --...
Business
China Evergrande Group says to delist from Hong Kong
Hong Kong, China -- Embattled property giant China Evergrande Group said Tuesday it will delist from Hong Kong Stock Exchange...
Business
Business
Hermes 2022 net profit $3.6bn
Fashion house posted huge earnings despite inflation.
- Sales rose 29 percent to US$12.3 billion at current exchange rates.
- Hermes said its sales rose by 30.7 percent in the Asia-Pacific region, excluding Japan, in the last three months of 2022.
Syria’s Assad thanks ‘Arab brothers’ for quake aid
The 7.8-magnitude quake hit Turkey and Syria on February 6, leaving a combined death toll of nearly 40,000 people. Since...
- Some 120 planes laden with assistance have landed in the Syrian airports, about half of them from the United Arab Emirates
- At least 3,600 Syrians died in the quake, which came nearly 12 years into the country's civil war - that has devastated swathes of the country
Geostrategy
BBC tax raids put India press freedom in spotlight
Just weeks after the BBC aired a documentary examining Indian Prime Minister Narendra Modi's role in deadly 2002 sectarian riots,...
- India has fallen 10 spots to 150th on the World Press Freedom Index, compiled by Reporters Without Borders, since Modi took office in 2014.
- Criminal complaints were issued against a record 67 journalists in 2020, the latest year for which figures are available, the local civil society group reported.
Mercedes profits jump in 2022
The group sold over two million cars in 2022
- Net profit jumped by 34 percent to 14.8 billion euros ($15.7 billion) last year, the Stuttgart-based group said, while revenues were up 12 percent year-on-year to 150 billion euros
- The group sold more than two million cars in 2022, a five-percent increase on the year before, driven by strong demand for the S-Class model and the all-electric EQS
All hands on deck as UN meets to protect high seas
Another two weeks of negotiations ended with no agreement in August last year, but advocates and officials have expressed cautious...
- After more than 15 years of talks, the meeting is the third time in less than a year that negotiators are gathering for what is due to be the last round
- Ocean ecosystems produce half the planet's oxygen and limit global warming by absorbing a large part of the CO2 emitted by human activities
Geostrategy
White House says ‘deeply dismayed’ by Israeli settlements plans
The White House said Thursday it is "deeply dismayed" by Israeli plans for a major expansion of settlements in occupied...
- The UN Security Council is considering a draft resolution that would demand Israel immediately cease all settlement activities in the occupied Palestinian territory
- The 15-member council is likely to vote on Monday on the text, drafted by the United Arab Emirates in coordination with the Palestinians, diplomats told Reuters
Business
Centrica 2022 profit US$4bn
Firm's profit rose due to gas and crude oil prices spike.
- Britain's government of Prime Minister Rishi Sunak is temporarily subsidizing electricity and gas bills this winter.
- Centrica expanded its stock buyback scheme to hand another $360 million to shareholders.
Economy
Protestors ransack banks in Lebanon as currency hits record low
Lebanon's cash-strapped banks have imposed strict restrictions on withdrawals, barring depositors from accessing their savings, especially those in US dollars.
- The pound is trading at about 80,000 to the greenback on the black market versus 60,000 at the start of the month.
- around 50 protesters smashed the facades of four banks and burned car tires in the central Beirut neighborhood of Badaro.
Geostrategy
UN appeals for $1 billion in aid for Turkey quake victims
UN Secretary-General Antonio Guterres said in a statement that the funds would provide humanitarian relief for three months to 5.2...
- Turkey's people have experienced "unspeakable heartache," the UN's Emergency Relief Coordinator Martin Griffiths said in a separate statement announcing the flash appeal.
- Some 47,000 buildings have been destroyed or damaged across Turkey, with thousands of people having sought refuge in temporary shelters.
Business
Iraq marshlands campaigner freed from kidnappers
Baghdad, Iraq---A leading campaigner for the preservation of Iraq's famed southern marshlands has been freed, two weeks after he was kidnapped...
- Jassim al-Assadi, 65, head of environmentalist group Nature Iraq, was seized on February 1 as he drove to the capital Baghdad on the main motorway from the south.
- A hydraulic engineer by profession, Assadi has been involved in numerous initiatives since 2006 to restore the marshlands where he was born.
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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
Gulf tourists say Polish mountain town is a cool place
Zakopane, Poland -- Saudi photographer Fahad Alayyash gazed over the Alpine-like panorama of the Tatras, Poland's highest mountain range --...
Business
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Blinken in Israel as under-pressure Netanyahu blames ‘obstinate’ Hamas
Making his ninth trip to the Middle East since the Gaza war began when Hamas attacked Israel in October, the...
Geostrategy
Putin in Azerbaijan for state visit amid Ukraine offensive on Russian soil
Aliyev and Putin will sign joint documents and make statements to the press, said Russian agency Ria Novosti. On Monday,...
Geostrategy
Social media platform X to shutter local operations in Brazil
Social media platform X, formerly Twitter, will shutter its local operations in Brazil following a bitter legal tussle over the...
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Geostrategy
Not facing a deal but imposition of American diktats: Hamas
"To say that we are getting close to a deal is an illusion," Hamas political bureau member Sami Abu Zuhri...
- As efforts towards a truce continued, so did the killing in Gaza and Lebanon. An Israeli air strike in Lebanon killed 10 Syrians, including a woman and her two children.
- In Gaza, the civil defense authority said an Israeli air strike killed 15 people from a single Palestinian family, taking Gaza death toll to 40,047.
Economy
China youth unemployment jumps to 17.1% in July
Beijing, China - Youth unemployment in China ticked up to 17.1 percent in July, official figures showed, the highest level this...
- China is battling soaring joblessness among young people, a heavily indebted property sector and intensifying trade issues with the West
- The unemployment rate among 16- to 24-year-olds released Friday by the National Bureau of Statistics (NBS) was up markedly from June's 13.2 percent
Geostrategy
Hamas rejects ‘new’ Gaza truce conditions as Biden says deal closer than ever
Egyptian, Qatari and US mediators have been seeking to finalize details of a framework initially outlined by Biden in May,...
- US Secretary of State Antony Blinken is to travel to Israel this weekend to advance the latest proposal, the State Department said
- Egyptian, Qatari and US mediators have been seeking to finalise details of a framework initially outlined by Biden in May, and which he said Israel had proposed