Armenia and Azerbaijan commit to a lasting peace after decades of conflict at summit with Trump
The two former Soviet republics "are committing to stop all fighting forever, open up commerce, travel and diplomatic relations and...
Geostrategy
Geostrategy
Morocco denounces ‘provocative’ acts in Algeria football cup
The rivalry between the North African neighbors deepened further when Morocco denounced "provocative" acts and "transgressions" at the opening of...
- Morocco considers Western Sahara as an integral part of the kingdom and a highly sensitive issue of security and national pride
- The desert territory boasts rich Atlantic fisheries, phosphate resources and a land route to markets in West Africa
Economy
Tunisians protest against government as economy deteriorates
Hundreds of Tunisians, including supporters of the Islamist-inspired Ennahdha party, marched Saturday after opponents of President Kais Saied called for...
- "The people want what you don't want. Down with Saied," chanted the activists, including supporters of the Islamist-inspired Ennahdha party
- Saturday's protests were staged in the capital Tunis by two different opposition groups and were held far apart with a heavy police presence
Geostrategy
Europe will return to Russian gas, says Qatar energy minister
ABU DHABI, UAE - European countries will eventually resume higher imports of Russian gas, Qatar's energy minister and gas company...
- Russian gas exports to Europe plunged after Moscow's invasion of Ukraine.
- A mild winter has spared European countries from having to plunder their gas stockpiles.
Economy
UAE COP28 President Sultan Al Jaber urges focus on emissions
Abu Dhabi, UAE--The president of this year's COP28 climate talks, who heads one of the world's biggest oil companies, on...
- Sultan Al Jaber said less-polluting fossil fuels would remain part of the energy mix, along with renewables and other solutions
- He said the UAE, which will host COP28 in Dubai in November and December, approached the task with "humility, a clear sense of responsibility and a great sense of urgency"
Geostrategy
Iran hangs former defense official for being ‘UK spy’
Tehran, Iran--Iran on Saturday executed former top defense official and dual British national Alireza Akbari, who was accused of spying for...
- Former top defense officia was executed after being sentenced to death for what Iran termed as harming the country's internal and external security by passing on intelligence
- Britain has demanded that Tehran halt what foreign minister James Cleverly has called a "politically motivated" execution
OpenAI, creator of ChatGPT, casts spell on Microsoft
Microsoft, which makes no secret of its AI ambitions, has integrated Dall-E 2 into several of its applications and now,...
- Tesla tycoon Elon Musk was an early investor in OpenAI and Microsoft is reported to be in talks to up an initial investment of $1 billion to $10 billion
- Before the release of ChatGPT, OpenAI had wowed tech geeks with Dall-E 2, a software that creates digital images with a simple instruction
Geostrategy
Iran’s top diplomat hopes for restoration of ties with Saudi Arabia
Nearly six years after the breakup of diplomatic ties between the two countries, Iran's Foreign Minister Hossein Amir-Abdollahian has expressed...
- The foreign minister told a news conference in Beirut that Iran was ready to restore ties and such a move "would have positive repercussions on the entire region"
- The two countries back opposing sides in various conflicts in the region, including in Syria
Geostrategy
Davos summit to pursue ‘cooperation in a fragmented world’
"There's no doubt that our 53rd annual meeting in Davos will happen against the most complex geopolitical and geoeconomic backdrop...
- German Chancellor Olaf Scholz and UN chief Antonio Guterres are among the most prominent figures attending the forum, alongside nearly 400 government ministers and policymakers.
- Russia is expected to miss out on the event for a second consecutive time, underlining the sea change since 2021. China is yet to announce its presence.
Geostrategy
New plans not to overhaul judicial system but to crush it: Israel judge
Days after entering office as part of Israel's most right-wing government, led by Benjamin Netanyahu, Justice Minister Yariv Levin announced...
- Judges in Israel are not permitted to publicly comment on political issues. Earlier on Thursday, Israeli lawyers demonstrated in Tel Aviv against Levin's plans.
- Around 400 demonstrators joined a rally earlier on Thursday organized by lawyers outside a Tel Aviv court, some waving Israeli flags.
China operates first domestic Boeing 737 MAX flight since 2019
China grounded the plane after two deadly accidents involving the model in 2018 and 2019. An Ethiopian Airlines flight crashed...
- The China Southern Airlines flight left the city of Guangzhou in the afternoon headed for Zhengzhou
- A second 737 MAX flight took off from Guangzhou later on, flying to the central city of Wuhan
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
Armenia and Azerbaijan commit to a lasting peace after decades of conflict at summit with Trump
The two former Soviet republics "are committing to stop all fighting forever, open up commerce, travel and diplomatic relations and...
Geostrategy
Company News
Latest News
Biden tells Americans to ‘cool it down’ after Trump assassination bid
As the country reeled from images of a bloodied Trump waving his fist after the gunman opened fire at a...
Donald Trump wounded at rally shooting, Biden leads condemnation
US President Joe Biden led the condemnation after his election rival Donald Trump was wounded in an apparent assassination attempt...
Battles rock Gaza City after mass evacuation order
US President Joe Biden said that US diplomats were making "progress" with international mediators towards a ceasefire and stressed that...
Geostrategy
Most Read
Business
Saudi Aramco share sale nets $12.35 billion on investor demand
Riyadh, Saudi Arabia -- Saudi Aramco netted $12.35 billion, $1 billion more than expected, from a secondary share sale after exercising...
- The offering announced in May was the largest in the Middle East since Aramco's record initial public offering (IPO) in 2019, bolstering Saudi's finances.
- Aramco, the jewel of the Saudi economy that remains mostly state-owned, announced on May 30 that it would sell 1.545 billion shares.
Business
Shell, TotalEnergies and BP take stakes in UAE gas project
Dubai, United Arab Emirates -- Energy majors TotalEnergies, Shell and BP will each take a 10 percent stake in a liquefied...
- Japanese trading company Mitsui & Co. will also acquire 10 percent of the Ruwais LNG plant, scheduled to come online in 2028, the Abu Dhabi National Oil Company (ADNOC) said.
- ADNOC, the UAE's key revenue-earner, will retain a 60 percent majority stake, the firm said following a signing ceremony.
Geostrategy
Israel defense minister says “60 percent” of Hamas dead or wounded
Israel has launched major new offensives in Gaza City, even as it also embarks on contacts with international mediators on...
- Gallant reaffirmed that Israel was "determined" to meet its war goals of eradicating Hamas
- "We have eliminated or wounded 60 percent of the Hamas terrorists", he said