Putin-Trump summit to meet on Friday on Ukraine: what we know so far
On his Truth Social site on Friday, Trump announced that his meeting with Putin would be held in the far-north...
Geostrategy
Netanyahu’s Gaza plan: Hamas accuses Israel PM of sacrificing hostages for personal interest
"Netanyahu's plans to escalate the aggression confirm beyond any doubt his desire to get rid of the captives and sacrifice...
Geostrategy
China imports, exports plunge in December: customs
Exports fell 9.9 percent year-on-year to $30.6 billion, China customs said, their second consecutive month of decline and the biggest...
- The world's second-largest economy is still reeling from the effects of years of its zero-Covid policy, which hammered businesses and supply chains
- China began lifting most of the hardline measures at the beginning of last month, but the country has since seen a massive spike in Covid-19 infections
Business
US SEC charges crypto firm owned by Winklevoss twins
The charges came as US officials crack down on the sector after the uproar caused by the bankruptcy of FTX...
- Genesis and Gemini offered unregistered securities to the public, bypassing disclosure requirements designed to protect investors, said SEC Chair Gary Gensler
- Gemini was founded by Tyler and Cameron Winklevoss who were made famous as jilted investors in the movie, "The Social Network" about the birth of Facebook
Geostrategy
Morocco change mind over CHAN after Algeria spat
Morocco's FRMF football federation said in a statement earlier Thursday that the Confederation of African Football (CAF) had informed it...
- The Moroccan national team will travel to Algeria tomorrow to participate in the CHAN, the foreign ministry said
- Algeria closed its airspace to all Moroccan flights in September 2021, the month after it cut off diplomatic ties with its rival, accusing it of "hostile acts"
Economy
Morocco planning agency scales down growth forecast
According to secretary general of the government's High Commission for Planning (HCP) Ayache Khellaf, assuming recovery of agricultural activities, the...
- Agriculture is a key sector in the kingdom's economy, one of Africa's most dynamic
- Last year, the North African country saw its worst drought in four decades
Economy
UAE to roll over $2 billion Pakistan’s debt, loan $1 billion more
The agreement comes as Pakistan grapples with a major foreign exchange crisis, holding enough reserves to pay for just three...
- The agreement comes as Pakistan grapples with a major foreign exchange crisis, holding enough reserves to pay for just three weeks of imports.
- Pakistan Prime Minister Shehbaz Sharif arrived in the UAE earlier Thursday for talks with top Gulf officials to seek help for the battered economy.
Geostrategy
Iraq’s Prime Minister heads to Germany for energy talks
BAGHDAD, IRAQ - Iraq's Prime Minister Mohammad Shia al-Sudani left Thursday for Berlin to meet with German Chancellor Olaf Scholz and...
- Despite its oil riches, Iraq is beset by crumbling infrastructure, endemic corruption and decades of war.
- Dependent on its powerful neighbor Iran for much of its energy needs, Baghdad seeks to diversify its sources of gas and electricity supply.
Economy
US inflation falls to lowest level in over a year
Consumer inflation in the United States slipped in December to the lowest level in over a year, government data showed,...
- The Federal Reserve hiked its benchmark lending rate at a pace unheard of since the 1980s, in hopes of cooling the world's biggest economy.
- The consumer price index in December 2022 rose 6.5 percent from a year ago, the smallest increase since October 2021.
Geostrategy
Won’t ask forgiveness from Algeria for French colonization: Macron
France's 100-year colonization of Algeria and the viciously fought 1954-62 war for independence have left deep scars on both sides,...
- "It's not up to me to ask forgiveness, that's not what this is about, that word would break all of our ties," Macron said.
- Algeria and France maintain enduring ties through immigration, involvement in the independence conflict and post-war repatriations of French settlers.
Business
Saudi Red Sea Film Foundation invests in new Johnny Depp film
Paris, France--A Saudi film fund announced Thursday that it is investing in Johnny Depp's new movie, a French period drama...
- The Red Sea Film Foundation said in a statement that it was backing the new film, "Jeanne du Barry", directed by France's Maiwenn, who also stars in the title role.
- The Saudi foundation, formed in 2019, has already funded some 170 African and Arab movies, it said, but this is its first foray into European cinema.
Business
TSMC posts Q4 profit of US$9.7bn
The Taiwanese company predicts slowing sales for 2023.
- TSMC operates the world's largest silicon wafer factories and produces some of the most advanced microchips.
- It is regarded as a global economic bellwether because so many of its chips are in such a wide array of devices.
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
Putin-Trump summit to meet on Friday on Ukraine: what we know so far
On his Truth Social site on Friday, Trump announced that his meeting with Putin would be held in the far-north...
Geostrategy
Company News
Latest News
Riyadh’s “Global Sports Tower” designs approved
Led by His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, the initiative's purpose is to elevate the...
Economy
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...
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...
Business
Most Read
Business
Methanol-powered ship to set sail for Europe’s first ‘green’ route
Rotterdam, Netherlands -- The first methanol-powered ship to ply routes between Europe's busy ports was unveiled Tuesday in Rotterdam, with shipping...
- The Eco-Maestro, a 13,675-tonne container carrier will head off to Antwerp in the next few days, before plotting a course for Klaipeda in Lithuania and Riga in Latvia.
- Completed in China earlier this year, the Eco-Maestro is kitted out with the latest engines that can run on methanol -- a sustainable fuel made from decomposed organic matter.
Geostrategy
What we know about the rocky ‘roadmap’ to an elusive Gaza ceasefire
Jerusalem, Undefined - Qatari and Egyptian mediators are cajoling Israel and Hamas towards negotiations on a plan to end their war,...
- US President Joe Biden first outlined in late May what he called an Israeli initiative for a truce and hostage release deal
- Since the October 7 Hamas attacks, much of Gaza has been reduced to rubble and its 2.4 million people are surviving on sporadic aid deliveries
Geostrategy
Heavy battles in Gaza City on eve of new truce talks
Hamas has accused Israeli Prime Minister Benjamin Netanyahu of deliberately stepping up battles in Gaza City and far-southern Rafah to...
- Troops, tanks and aircraft were fighting in Gaza on the eve of new truce talks
- Israeli forces on Monday intensified fighting and bombardment across the city