Abu Dhabi’s AI sector expands 61% in one year: Abu Dhabi Chamber
Abu Dhabi, UAE -- Abu Dhabi’s artificial intelligence (AI) sector witnesses a 61 percent increase between June 2023 and June...
Business
Netanyahu announces plan to allow foreign reporters into Gaza
Israeli Prime Minister Benjamin Netanyahu announced on Sunday a plan to allow more foreign journalists to report inside Gaza with...
Geostrategy
Geostrategy
Home demolitions for road widening sparks anger in Gaza
Gaza City, Palestinian Territories--Ramadan Abu Saif looked on as bulldozers ploughed into his neighbor's Gaza City home, knowing his could be...
- Hamas that governs Gaza began demolishing 62 houses at Al-Shati refugee camp as they widen the territory's main coastal road.
- A community centre which hosts a football field and halls for table tennis and parkour is also slated for demolition.
Geostrategy
Israel hits Gaza Strip, hours after intercepting rocket fire
Gaza City, Palestinian Territories--Israel conducted air strikes on the central Gaza Strip early Thursday, according to AFP journalists and witnesses, hours...
- According to local security sources and witnesses, the first strikes hit a training centre of the Ezzedine al-Qassam Brigades
- Gaza, densely populated with 2.3 million people, has been under an Israeli blockade since Hamas took power in 2007
Economy
No objection to Russia joining Asian football body: Saudi Arabia
Speaking at the AFC Congress in Bahrain, Saudi Arabia's Sports Minister Prince Abdulaziz bin Turki Al-Faisal said he didn't see...
- Joining the AFC would mean that Russia would play World Cup qualifiers against Asian teams and that its club sides would take part in Asian competitions
- Asian Football Confederation president Sheikh Salman bin Ebrahim Al Khalifa said there had been no formal approach about Russia's membership
India’s Adani shares plunge again after stock sale cancelled
Adani himself issued a video statement on Thursday in which he insisted that the "fundamentals of our company are very...
- Adani's empire has lost more than $100 billion following explosive allegations of accounting fraud last week by US short-seller Hindenburg Research that the firm has rejected
- According to Hindenburg Research, Adani has artificially boosted the share prices of its units by funnelling money into the stocks through offshore tax havens
Business
OPEC+ committee recommends to stay course on oil ouput cuts
Vienna, Austria--A committee of major oil producers recommended Wednesday to maintain the cartel's current reduced output strategy, as the global economic...
- The 13 members of the OPEC led by Riyadh and their 10 allies led by Moscow agreed last October to reduce output by two million barrels per day until the end of this year.
- Oil prices spiked following Russia's invasion of Ukraine in February 2022
Geostrategy
Spanish PM in Morocco on visit to cement ties
Spain's North African enclaves of Melilla and Ceuta - which both border Morocco - have long been magnets for people...
- Sanchez and a dozen ministers are set to meet with top members of the Moroccan government on Thursday
- They are expected to sign some 24 deals including on encouraging Spanish investment in the kingdom
Business
Qatar Airways and Airbus settle long A350 dispute
After a months-long dispute between Qatar Airways and Airbus, the two announced on Wednesday the end of a $2.5 billion...
- The airline had sought about $2.5 billion in damages and penalties before a British court where the case was due to be heard from June
- The settlement was discussed when France's Finance Minister Bruno Le Maire met with Qatar's emir, Sheikh Tamim bin Hamad Al-Thani, in Doha on Sunday
Business
Ship stuck in Egypt’s Suez but traffic unaffected, rescue underway
Ismailia, Egypt--A ship on Wednesday became stuck in Egypt's Suez Canal but traffic through the vital waterway was unaffected, a source...
- Connecting the Red Sea and the Mediterranean, the Suez Canal accounts for roughly 10 percent of global maritime trade and the majority of oil transported by sea.
- In recent months, two vessels briefly ran aground in the canal, sparking fears of a repeat of a 2021 incident when container ship Ever Given became diagonally wedged in the canal.
Business
EU unveils proposals to counter US green subsidy, China competition
The majority of the EU's response involves repackaging already existing funds, a stop-gap measure that has earned much criticism. German...
- The measures are a response to a landmark US spending bill last year that funnels $370 billion into subsidies for America's energy transition.
- While countries like France support state aid expansion, others argue that would help only richer member states and fragment the single market.
Arts & Culture
Saudi Arabia wins bid to host 2027 football Asian Cup: AFC
In the coming years the Saudis, who watched as neighbors Qatar hosted the World Cup in November and December, will...
- "We are excited to deliver the greatest tournament in the competition's history," the kingdom's sports minister Prince Abdulaziz bin Turki Al-Faisal said.
- The kingdom is also eyeing a World Cup and Summer Olympics, perhaps even a Winter Olympics, together with a swathe of other major events.
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Abu Dhabi’s AI sector expands 61% in one year: Abu Dhabi Chamber
Abu Dhabi, UAE -- Abu Dhabi’s artificial intelligence (AI) sector witnesses a 61 percent increase between June 2023 and June...
Business
Company News
Latest News
Jordan FM meets Iran president as Middle East tensions soar
The political head of Palestinian group Hamas was killed early on Wednesday in Tehran, where he had attended the inauguration...
Shah Rukh Khan to be honoured at Locarno Film Festival
Held on the shores of Lake Maggiore, in the Italian-speaking Ticino region of southern Switzerland, films are screened in Locarno's...
G7 foreign ministers met by videoconference over Mideast: Italy
Rome, Italy -- G7 foreign ministers met by videoconference Sunday to discuss the Middle East and expressed "strong concern" over the...
Geostrategy
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Geostrategy
Fears of Middle East war grow after Hamas leader’s killing
Israel on Saturday again traded fire with Hezbollah, carried out a deadly raid in the occupied West Bank, and struck...
- Israel ally the United States said it would move warships and fighter jets to the region, while Western governments called on their citizens to leave Lebanon
- Iran-backed groups from Lebanon, Yemen, Iraq and Syria have already been drawn into the nearly 10-month war between Israel and Palestinian group Hamas in Gaza
Geostrategy
US to deploy more warships, fighter jets to Mideast
Defense Secretary Lloyd Austin has also ordered additional ballistic missile defense-capable cruisers and destroyers to the Middle East and areas...
- The announcement comes after Iran and its regional allies vowed retaliation for the killings of a Hamas leader in Tehran and a Hizbollah commander in Beirut
- The aircraft carrier strike group led by the USS Abraham Lincoln will replace one helmed by the USS Theodore Roosevelt in the region, Singh said
Geostrategy
Thousands bid farewell to Ismail Haniyeh in Qatari capital
Haniyeh was laid to rest in Lusail, north of the capital Doha, following funeral prayers at the Gulf emirate's largest mosque...
- "In this moment, I buried my soul under the dirt and I departed. I departed with all the pain of the world in my ribs," she captioned the video uploaded on X.
- Mourners earlier on Friday lined up inside Imam Muhammad bin Abdul Wahhab Mosque, where Haniyeh's casket, draped in a Palestinian flag, was briefly carried in.