Turkey’s Pegasus Airlines says to buy 200 Boeing 737 aircraft
Istanbul, Turkey -- Turkey's Pegasus Airlines said Thursday it would buy 200 Boeing 737 MAX 10 aircraft in its largest-ever order...
Business
Syria since Assad’s overthrow: latest developments
HTS leader Abu Mohammed al-Jolani said that all rebel factions in Syria would "be disbanded and the fighters trained to...
Geostrategy
Oil tanker hit by missile off Yemen, no casualties
"At approximately 1 am (Sanaa time) May 18, Iranian-backed Houthis launched one anti-ship ballistic missile (ASBM) into the Red Sea...
- The attack caused some flooding "which resulted in the loss propulsion and steering", CENTCOM said
- The Houthis who control much of Yemen have launched dozens of attacks on vessels in and around the Red Sea
Business
OpenAI disbands team devoted to artificial intelligence risks
San Francisco, United States -- OpenAI on Friday confirmed that it has disbanded a team devoted to mitigating the long-term dangers...
- OpenAI weeks ago began dissolving the so-called "superalignment" group, integrating members into other projects and research, according to the San Francisco-based firm.
- Company co-founder Ilya Sutskever and team co-leader Jan Leike announced their departures from the ChatGPT-maker this week.
Geostrategy
Israeli leaders split over post-war Gaza governance
Jerusalem, Undefined -- New divisions have emerged among Israel's leaders over post-war Gaza's governance, with an unexpected Hamas fightback in parts...
- After Hamas regrouped in northern Gaza, where Israel previously said the group had been neutralized, broad splits emerged in the Israeli war cabinet in recent days.
- Netanyahu came under personal attack from Defense Minister Yoav Gallant for failing to rule out an Israeli government in Gaza after the war.
‘Hindu nation’: Religion trumps caste in India vote
Agra, India - Born at the bottom of the Hindu faith's rigid caste system, voters like Anil Sonkar will determine whether...
- More than two-thirds of India's 1.4 billion people are estimated to be on the lower rungs of a millennia-old social hierarchy that divides Hindus by function and social standing
- Politicians of all stripes have courted lower caste Indians with affirmative action programmes, job guarantees and special subsidies to mitigate long-standing discrimination
Geostrategy
Arab League calls for UN peacekeepers in Palestinian territories
In a concluding statement following a meeting in Manama, the 22-member grouping called for "international protection and peacekeeping forces of...
- The league also separately, called for an "immediate" ceasefire in Gaza and an end to forced displacement in the Palestinian territory
- Abbas told the summit his rival Hamas gave Israel "pretexts and justifications" to wage war on Gaza with its October 7 attack
Geostrategy
Despite international appeals, Israel to ‘intensify’ Rafah assault
Defense Minister Yoav Gallant said "additional forces will enter" the Rafah area and "this activity will intensify". "Hundreds of targets...
- Israel's top ally the United States has joined other major powers in appealing for it to hold back from a full ground offensive against Hamas in Rafah.
- The 22-member Arab League, meanwhile, called for UN peacekeepers to be deployed in the occupied Palestinian territories until a two-state solution has been implemented.
Business
ADX gains $1.90bn on strong performances from bank stocks
Abu Dhabi, UAE -- The Abu Dhabi Securities Exchange (ADX) extended its gains at the close of trading today, adding...
- The total market capitalization of listed shares reached AED 3.49 trillion at the end of Thursday's trading session.
- Local stocks attracted over AED1.5 billion in liquidity at the end of the session, distributed as follows: AED 1.12 billion on the ADX and AED396.3 million on the DFM.
Geostrategy
Bahrain calls for Mideast peace conference at Gaza-focused Arab League
King Hamad bin Isa Al Khalifa was addressing fellow heads of state and government at the 22-strong grouping in Manama,...
- King Hamad bin Isa Al Khalifa was addressing fellow heads of state and government at the 22-strong grouping in Manama, more than seven months into the conflict
- UN Secretary-General Antonio Guterres described the war in Gaza as "an open wound that threatens to infect the entire region"
Geostrategy
Israel says more troops to ‘enter Rafah’ as operations intensify
Israeli forces took control earlier in May of the Gaza side of the Rafah crossing with Egypt, in a push...
- The operation "will continue as additional forces will enter" the Rafah area, Gallant said
- Israel's top ally the United States has warned that it had not seen any credible Israeli plan to protect civilians in Rafah
Geostrategy
Hamas chief says group to decide on post-war Gaza rule with Palestinian factions
Ismail Haniyeh on Wednesday said the movement will be involved in deciding post-war rule in Gaza along with other Palestinian...
- Haniyeh also said the fate of truce talks was uncertain because of Israel's "insistence on occupying the Rafah crossing and on its expansion of the aggression."
- His comments came after Netanyahu said any discussion on who rules Gaza after the war was just "empty talk" as long as Hamas remains in the territory
Turkey’s Pegasus Airlines says to buy 200 Boeing 737 aircraft
Istanbul, Turkey -- Turkey's Pegasus Airlines said Thursday it would buy 200 Boeing 737 MAX 10 aircraft in its largest-ever order...
Business
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Mideast at ‘most dangerous juncture’ in decades: UN official
The UN's special coordinator for Middle East peace warned that the region was at its "most dangerous juncture" in decades
Geostrategy
Asian shares rise as markets await tech results
Asian markets mostly rose Tuesday with investors looking ahead to the release of US economic data and the earnings reports...
Economy
‘Amazing’ AI de-ages Tom Hanks in new film ‘Here’
Los Angeles, United States - Tom Hanks has praised the "amazing" use of artificial intelligence to de-age him "in real time"...
Arts & Culture
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Business
Global VC investment falls to lowest level in nearly seven years
 Global VC investment fell from a five-quarter high of US$95.5 billion in Q2'24 to a nearly seven-year low of US$70.1...
- Global VC investment drops from US$95.5 billion to US$70.1 billion quarter-over-quarter
- AI accounts for six of ten largest VC deals globally in Q3'24
Geostrategy
Iran FM says ‘received indications’ before Israeli attack
Araghchi said the "necessary measures" were taken when the attack unfolded, adding that he had been in contact with military...
- "We had received indications since the evening about the possibility of an attack that night," Araghchi told reporters without specifying the nature of the indications
- US news website Axios on Saturday said Israel has "sent message to Iran" ahead of its attack and warned it "against a response"
Economy
Oil prices tumble after Israeli attacks spare Iran facilities
Tokyo, Japan - Oil prices tumbled in early Asian trading Monday with dealers relieved that Israeli strikes carried out Saturday against...
- The price of North Sea Brent for delivery in December fell by 4.05 percent to $72.97, while West Texas Intermediate plunged by 4.19 percent to $68.77
- "Israel's strike, carefully avoiding energy sites, has softened fears of a full-scale conflict with Iran," said Stephen Innes, analyst at SPI Asset Management