Palestinian mother ‘destroyed’ after image used to deny Gaza starvation
Montreal, Canada - Palestinian-Canadian Faiza Najjar was able to leave Gaza last year, but could not bring her four adult...
Geostrategy
Business
Repsol’s profit up on high oil prices
The oil firm posted a net profit of $4.55 billion in 2022.
- Repsol said gas and oil prices "rose sharply during the first half of 2022" due to sanctions imposed against Russia over its invasion of Ukraine
- It said the higher earnings had allowed it to boost investments in 2022 by 40 percent over the previous year to 4.18 billion euros,
Renault boosts profitability
The company's sales rose by 11.4% to $49.7 billion
- The company expanded its operating profit margin to 5.6 percent of sales in 2022 and aims to increase it to at least 6.0 percent this year
- It also decided to propose a dividend of 0.25 euros per share, the first time it will pay out to shareholders since 2019
Geostrategy
Blinken to pledge quake support on first Turkey visit
Blinken will visit Incirlik air base, through which the United States has shipped aid, and then hold talks in the...
- US has flown in some 200 rescuers and contributed an initial $85 million in relief for Turkey, deploying Black Hawk and Chinook helicopters to bring supplies to worst-hi
- The visit, which was being planned before the February 6 earthquake that has killed nearly 40,000 people in the country and Syria, will be the first by Blinken to Turkey
Geostrategy
US condemns Tunisia arrests of president’s critics
Washington, United States--The United States on Wednesday denounced Tunisia's arrest of critics of President Kais Saied and called for transparent legal...
- Police have arrested 10 public figures since Saturday, including the director of a popular radio station and a prominent businessman.
- The opposition National Salvation Front said that the arrests were an act of vengeance without legal basis
Business
Airbus earns record net profit
The company delivered 661 aircraft last year.
- Net profit rose one percent to 4.2 billion euros ($4.5 billion) as Airbus delivered 661 aircraft last year despite original plans to hand over 720 to clients
- Airbus had chopped production during the pandemic when airlines were forced to halt most operations due to travel restrictions
Arts & Culture
TikTokers jailed as Iraq targets ‘decadent content’
Hossam received an even harsher sentence of two years in prison. Some of her videos showed her dressed in a...
- The young Iraqi woman using the pseudonym Om Fahad was sentenced early this month to half a year behind bars for the light-hearted video clips
- A specialised committee now scours TikTok, YouTube and other popular platforms for clips deemed offensive by many in the largely conservative society.
Economy
Lebanese pound drops to new low against dollar
With Lebanon's political and economic crisis showing no signs of abating, its currency on Wednesday hit a record low against...
- The UN says the depreciation has already translated into a surge in fuel prices in a country where 80 percent of the population lives below the poverty line
- Supermarkets have even stopped putting price labels on food items because of the constantly skyrocketing prices
Geostrategy
UAE pledges $50 million more in assistance for quake-hit Syria
Emirati President Sheikh Mohamed bin Zayed Al Nahyan "has ordered the provision of an additional US$50 million as relief aid...
- The announcement came more than nine days after the 7.8-magnitude quake struck Syria and Turkey.
- It also followed an appeal by the United Nations on Tuesday for $397 million to help earthquake victims.
Geostrategy
War-scarred Syrian children orphaned by quake
Last week's quake has affected more than seven million children, including 2.5 million in Syria alone, according to James Elder...
- Hanaa, an eight-year-old girl, keeps asking for news of her family, unaware she is the sole survivor among her immediate relatives.
- Disaster has piled more misery on Syrian children who have only witnessed tragedy in their lives because of the war that broke out more than a decade ago.
Business
Oil demand to hit record as China reopens, air travel recovers: IEA
Demand is expected to reach 101.9 million barrels per day on average in 2023, an increase of two million barrels...
- The Asia-Pacific region accounts for most of the increase in demand, with China alone accounting for nearly half of the expected 2023 growth after it lifted its zero-Covid policy.
- China's reopening is also expected to boost air travel, which has yet to recover to pre-pandemic levels, driving demand for jet fuel up by 1.1 million barrels per day.
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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
Palestinian mother ‘destroyed’ after image used to deny Gaza starvation
Montreal, Canada - Palestinian-Canadian Faiza Najjar was able to leave Gaza last year, but could not bring her four adult...
Geostrategy
Company News
Latest News
Adidas posts 2023 loss
Business
Unnerved and exposed, Trump struggles to regain campaign mojo
Washington, United States - Donald Trump has never lacked for self-confidence, but his presidential campaign has been sent into a tailspin...
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...
Geostrategy
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...
Economy
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Geostrategy
United Nations calls Israeli settler attack in West Bank ‘horrific’
Geneva, Switzerland -- The United Nations on Friday said a deadly Israeli settler attack on a Palestinian village in the occupied...
- "There are even reports of weapons being distributed to the settlers. So there is clearly a state responsibility in this regard." said UN HR office spokeswoman Ravina Shamdasani.
- "This really is the crux of the matter: the impunity that the perpetrators of such grave violations have been enjoying," she said.
Business
Gold hits record high, oil prices slide on weak Chinese demand
Expectations of US interest rate cuts weakened the dollar, while oil prices tumbled as weak Chinese demand expectations offset turmoil...
- Oil prices slumped more than 1.5 percent. "The significant price recovery on the oil market has run out of steam in recent days," said Commerzbank analyst Carsten Fritsch.
- "For one thing, the feared retaliatory strike by Iran (on Israel) has so far failed to materialize, which has probably favored a partial pricing out of the risk premium," he said.
Geostrategy
Israel FM says expects allies to attack Iran if it strikes
Israeli Foreign Minister told his French and British counterparts that his country expects support "in attacking" Iran if it strikes...
- "If Iran attacks, we expect the coalition to join Israel not only in defense but also in attacking significant targets in Iran," Katz said
- On Thursday, Jewish settlers attacked a Palestinian village in the Israeli-occupied West Bank