Most markets rise as China-US tariff truce extended, US inflation data in focus
In an executive order, the White House reiterated its position that there are "large and persistent annual US goods trade...
Economy
Nvidia, AMD to pay US 15% of AI chip sales to China: reports
Washington, United States -- US semiconductor giants Nvidia and Advanced Micro Devices have agreed to pay the United States government...
Business
Business
Rothschild family to take investment bank private
The Rothschild family is set to take its investment bank private as its holding company announced plans to buy out...
- The offer would be priced at 48 euros per share, or 19 percent higher than Friday's closing price, the holding said in a statement.
- It is also 15 percent up from the all-time high reached in January 2022.
Business
Dubai records over $381 million in real estate transactions
Dubai, UAE-- Dubai real estate market recorded transactions worth AED1.4 billion ($381 million) on Monday, data released by Dubai's Land...
- The deals included 490 sales transactions worth AED1.17 billion, in addition to 86 mortgage deals of AED177.94 million.
- The sales included 441 villas and apartments worth AED898.41 million, and 49 land plots worth AED269.56 million.
Business
Newmont offers to buy Newcrest
If the deal is sealed, it would be gold sector's largest acquisition.
- Newmont's offer calls for the merged firm to be 70 percent owned by the Denver, Colorado-based company and 30 percent owned by the Australian firm.
- Newcrest's share price rose 9.27 percent to $16.90 (A$24.53) on the ASX on Monday.
Business
Adani shares tank again as Indian opposition stages protests
The group owned by tycoon Gautam Adani has lost around $120 billion in value since the claims were levelled by...
- Trading in Adani Total Gas and in Adani Power was again suspended after the stocks fell five percent
- Shares in flagship Adani Enterprises were down 2.0 percent, having been off almost 10 percent in volatile early trade
Russia’ Foreign Minister in Iraq for energy talks
Iraq, a close ally of Iran, also has strategic relations with the United States, which still has soldiers in the...
- Lavrov landed in Baghdad late on Sunday at the head of a large delegation that includes "oil and gas companies and investors", Ahmed al-Sahhaf told AFP
- He will also meet Prime Minister Mohammed Shia al-Sudani, President Abdul Latif Rashid, and parliament speaker Mohammed al-Halbussi
Economy
Markets take a hit as US jobs fan rate worries
optimism was dealt a heavy blow Friday by data showing more than half a million new jobs were created in...
- The rally enjoyed through January has ended this month as investors contemplate a period of high borrowing costs aimed at bringing inflation down from multi-decade highs
- A softer tone from the Fed regarding its monetary tightening campaign had allowed market participants to entertain the possibility of a pause, or even a cut, later in the year
Geostrategy
Israel forces kill five Palestinians in Jericho raid: Official
Hamas confirmed its fighters were among the dead, saying in a statement the Gaza-based group was mourning members of its...
- The Israeli security official, requesting anonymity as they were not authorized to speak to the media, told AFP the army was holding the bodies of the Palestinian dead.
- Both Israelis and Palestinians have used the remains of people killed in clashes or attacks as bargaining chips through the conflict.
Business
Renault, Nissan approve alliance
The carmakers said that they "rebalanced" their relationship.
- The agreement includes Nissan taking a stake of up to 15 percent in Renault's new electric vehicle venture Ampere
- The Renault board approved the deal on Sunday while Nissan signed off on it on Monday, a week after the agreement was announced
Business
Qatar’s Hamad International Airport aims to beat passenger record
The airport recorded 39.5 million passengers in 2019 before the coronavirus pandemic struck, and last week announced that with the...
- Tourism minister and Qatar Airways chief executive Akbar Al-Baker said capacity restrictions at the airport held back numbers last year.
- The wealthy Gulf state is spending billions of dollars expanding capacity at Hamad airport to 70 million people a year and increasing Qatar Airways routes.
Geostrategy
Key Iran opposition figure calls for fundamental change
TEHRAN, IRAN - One of Iran's main opposition figures, Mir Hossein Mousavi, has called for the "fundamental transformation" of a political...
- Mousavi proposed holding a free and healthy referendum on the need to change or draft a new constitution.
- An unsuccessful presidential candidate in 2009, Mousavi made allegations of large-scale fraud in favor of populist incumbent Mahmoud Ahmadinejad.
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
Most markets rise as China-US tariff truce extended, US inflation data in focus
In an executive order, the White House reiterated its position that there are "large and persistent annual US goods trade...
Economy
Company News
Latest News
Flying’s never been safer, risk of death halving every decade: MIT study
Washington, United States -- Flying can be a nerve-wracking experience for many people -- but a new study out Thursday finds...
Geostrategy
Gaza civil defence says Israel strikes on two schools kill more than 18
Senior civil defense official Mohammad al-Mughayyir said 60 people were also wounded and more than 40 still missing in the...
Geostrategy
Qantas scraps non-stop UK flight due to Middle East unrest
Sydney, Australia - Australian airline Qantas scrapped its non-stop Perth to London flight Thursday, saying the decision was taken as a...
Business
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Geostrategy
Turkey joins South Africa’s Israel ‘genocide’ case at ICJ
A Turkish parliamentary delegation accompanied by the Turkish ambassador to the Netherlands filed a "declaration of intervention" at the ICJ's...
- South Africa's Dec 2023 case alleges that Israel's Gaza offensive, launched in retaliation for Hamas' bloody October 7 attack on Israel, breached the 1948 UN Genocide Convention.
- In a ruling January 26, the ICJ told Israel to do everything possible to prevent acts of genocide during its military operations in Gaza, which have left nearly 40,000 dead.
Science
After AI, quantum computing eyes its ‘Sputnik’ moment
Cambridge, United Kingdom - Quantum computing promises society-changing breakthroughs in drug development and tackling climate change, and on an unassuming English...
- The founder of Cambridge-based Riverlane, Steve Brierley, predicts that the technology will have its "Sputnik" breakthrough within years
- "Quantum computing is not going to be just slightly better than the previous computer, it's going to be a huge step forward," he said
Geostrategy
Hamas names Sinwar new chief as region braces for Iran retaliation against Israel
Iran blames Haniyeh's death on Israel and has vowed to avenge him, while Hamas's Lebanese ally Hizbollah has also pledged...
- The announcement came with the Middle East on edge as it awaited Iran's retaliation over the killing of Haniyeh in Tehran
- Sinwar, who has been Hamas's leader in Gaza since 2017 - with Haniyeh living in Qatar - has not been seen since the October 7 attack