Israel seeks full control of Gaza, won’t keep or govern it: Netanyahu
"We want to hand it over to Arab forces that will govern it properly without threatening us and giving Gazans...
Geostrategy
Business
AstraZeneca buys US firm CinCor
The acquisition has been finalized at $1.8billion.
- The takeover marks the latest push by Astra chief executive Pascal Soriot to bolster the company's pipeline of new products.
- Massachusetts-based CinCor focuses on developing treatments for hypertension and chronic kidney disease.
Business
Cargo vessel refloated after running aground in Suez Canal
The incident involving the 225-metre-long Marshall Islands-registered M/V Glory had briefly sparked fears of a repeat of a major 2021...
- The waterway, used for about 10 percent of the world's maritime trade, is one of Egypt's main sources of foreign currency revenue, bringing in more than $7 billion a year.
- Egypt lost between $12 million and $15 million every day of the closure, while insurers estimated that global maritime trade suffered billions in lost revenue.
Iran sentences three more to death over Amini protests
Iran has sentenced to death three people accused of killing three members of the security forces during the protests triggered...
- The latest sentences, which can still be appealed, bring to 17 the total number of people condemned to death in connection with the more than three months of protests
- On Saturday, Iran executed Mohammad Mehdi Karami and Seyed Mohammad Hosseini for killing a paramilitary force member in November in Karaj west of Tehran
Business
Al-Nassr coach wants Ronaldo to ‘rediscover pleasure of playing’
Riyadh, Saudi Arabia-- Al-Nassr coach Rudi Garcia hopes that Cristiano Ronaldo will "rediscover the pleasure of playing" when he brings...
- Ronaldo, a five-time Ballon d'Or winner, has penned a contract until 2025 with the Saudi club in a deal worth a reported 200 million euros
- The former Juventus and Real Madrid star arrived in Saudi Arabia having had his contract at Manchester United ripped up after a bitter divorce
Economy
90% of people in China province infected with Covid: official
China is battling a surge in cases following its decision last month to lift years of lockdowns, quarantines and mass...
- With a population of 99.4 million, the figures suggest about 88.5 million people in Henan may now have been infected
- Beijing is determined to press on with its reopening, on Sunday lifting mandatory quarantine for all international arrivals
Goldman Sachs to cut 3,200 jobs: source
Goldman's staff stood at 49,100 at the end of October, up nearly 30 percent from the end of 2019 after...
- Goldman Sachs typically trims about one to five percent of headcount each year, targeting underperforming staff
- This year's culling will be deeper than usual in light of the uncertain economic outlook and the growth in Goldman's staffing in recent years
Business
Conspiracy theorists make comeback on Twitter after the ban
Those reinstated include far-right activists, anti-Muslim extremists as well as others peddling election conspiracies and Covid-19 misinformation, according to an...
- Among those allowed back on Twitter is former US President Donald Trump, who was handed a "permanent" ban by Twitter after his supporters stormed the Capitol on January 6, 2021
- Former national security advisor Michael Flynn, who once appeared to endorse the idea for a Myanmar-style coup in US, also thanked Musk on Friday after his account was restored
Economy
Pakistan to seek billions in Geneva conference for flood recovery
Months after the floods left most of the country devastated, Pakistan will seek billions in international support toward its recovery...
- Pakistan Prime Minister Shehbaz Sharif and UN Secretary-General Antonio Guterres will kick off the one-day event
- The World Bank has estimated that up to nine million more people could be dragged into poverty as a result of the flooding
Geostrategy
Sweden says it can’t fulfill Turkey’s demands for approving NATO membership
Most of Turkey's demands have involved Sweden because of its more robust ties with the Kurdish diaspora.
- Sweden and Finland broke with decades of military non-alignment and applied to join the US-led defense alliance
- Turkey has refused to approve their bid until the two countries take steps, including joining Turkey's fight against banned Kurdish militants
Geostrategy
Egyptian court sentences Ukrainian to four years for smuggling
Cairo, Egypt - A Cairo court has sentenced to life in prison a Ukrainian woman arrested at the Egyptian capital's airport...
- Liudmyla Balakina, who lives in the Netherlands, had been convicted of drug smuggling following her arrest in April.
- Balakina had confessed in court to "meeting an Egyptian abroad, who took advantage of her need for money".
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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
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Health ministry in Hamas-run Gaza says 16 killed in strike on school
The UN agency for Palestinian refugees, UNRWA, said two of its workers were killed in a strike at Al-Bureij in...
Geostrategy
Calling for better ties with West, Iran reformist wins presidency
In the mausoleum of Imam Khomeini in southern Tehran, Pezeshkian gave a speech thanking his supporters, saying their votes have...
Geostrategy
Israel says negotiators to hold fresh Gaza truce talks next week
Jerusalem, Undefined - Israel said Friday that "gaps" remained with Hamas on how to secure a Gaza ceasefire and hostage release...
Geostrategy
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Geostrategy
Is Artificial Intelligence a major drain on the world’s energy supply?
Paris, France -- When Google announced this week that its climate emissions had risen by 48 percent since 2019, it pointed...
- The International Energy Agency (IEA) said in a report earlier this year that data centers in general used roughly 40 percent of electricity on computing and 40 percent on cooling.
- Big tech firms have been rushing to pack all their products with AI ever since OpenAI launched its ChatGPT bot in late 2022.
Geostrategy
Reformist faces ultraconservative as Iran votes for president
In a contest between reformist Masoud Pezeshkian and ultraconservative Saeed Jalili, the election comes amid heightened regional tension
- The election follows a first round marked by a historically low voter turnout last week
- Regardless of the result, Iran's next president will be in charge of applying state policy outlined by the supreme leader
Business
Airbus nets satellite deal
The $2.5bn contract was awarded by the German army.
- The contract was awarded for next generation SatcomBw 3 military communications satellites, the European aerospace firm said.
- The contract, for deployment by the end of the decade, includes the prime contractor of two satellites "as well as the ground segment (receiving stations.