Syria inks infrastructure and real-estate deals worth $14 billion
Since the overthrow of longtime ruler Bashar al-Assad in December, Syria's new authorities have worked to attract investment for the...
Economy
Meta says working to thwart WhatsApp scammers
San Francisco, United States -- Meta on Tuesday said it shut nearly seven million WhatsApp accounts linked to scammers in...
Geostrategy
Economy
US Fed’s preferred inflation gauge eases in November
A key indicator of US inflation edged down from a year ago in November, according to government data, in welcome...
- The US Federal Reserve's preferred inflation measure, the personal consumption expenditures price index, rose 5.5 percent last month.
- This was slightly below October's level but remains significantly higher than policymakers' target of two percent inflation.
Geostrategy
Macron urges Lebanon to ‘get rid’ of leaders blocking reforms
"The problem with Lebanon is that we must solve people's problems and get rid of those who cannot do it,"...
- Macron has taken the lead in international efforts to bail out the Lebanese economy after a collapse in the value of the Lebanese pound plunged most of the population into poverty.
- International lenders have demanded that Lebanon adopt a programme of painful economic reforms in return for releasing billions of dollars in bailout loans.
Geostrategy
Iraq tells visiting Italy PM it seeks closer economic ties
Iraq's prime minister appealed to visiting Italian counterpart Giorgia Meloni for closer economic ties with his oil-rich country suffering from...
- Italian oil firm Eni has been involved in exploration and production in Iraq for over a decade.
- The United Nations says Iraq is one of five countries most exposed to some impacts of climate change.
Business
Facebook agrees to pay $725m to settle privacy suit
Facebook parent Meta has agreed to pay $725 million to settle a long-running lawsuit that accused the social network of...
- The settlement must be approved by a judge in the San Francisco division in the US District Court.
- The lawsuit was initiated in 2018, when Facebook users accused the social network of violating privacy rules by sharing their data with third parties.
Economy
Russia says may cut oil output following price cap
Introduced alongside an EU embargo on seaborne deliveries of Russian crude oil, the cap aims to ensure Russia cannot bypass...
- Russia will not supply oil to countries that are enforcing a price cap -- a part of punitive measures on Moscow following its offensive in Ukraine
- The price ceiling of $60 per barrel agreed by the European Union, G7 and Australia came into force in early December and seeks to restrict Russia's revenue
Economy
Two years after EU exit, UK business feels Brexit blues
Complicating matters has been the loss of EU workers in sectors such as health, hospitality and agriculture, even if some...
- The problem is not the customs duties, largely eliminated by the post-Brexit free trade agreement between London and Brussels
- The government of Prime Minister Rishi Sunak has said it believes the UK economy has entered a recession on fallout from sky-high inflation
Science
Top nature-inspired solutions of 2022
From squid-skin food warmers to a lubricant made of cow mucus, here is a selection of this year's scientific work...
- Stopping the bleeding hearts and livers of dogs and rabbits without stitches may now be possible with a biodegradable plaster made of sticky okra gel.
- Researchers extracted the mucus from the salivary glands of cows and turned it into a gel that binds to and constrains viruses.
Business
China’s ByteDance admits using TikTok data to track journalists
Employees had obtained the IP addresses of the journalists in a bid to determine whether they were in the same...
- ByteDance told on Friday that several staffers accessed two journalists' data as part of an internal probe into leaks of company information to the media
- TikTok has come under the spotlight in US, with Congress poised to approve a nationwide ban on using the wildly popular short-video app on government devices
YouTube TV wins right to broadcast NFL games starting in 2023
YouTube TV subscribers, who now pay $64.99 a month for a viewing package, will have to pay an added fee...
- Google will pay around $2 billion a year over seven years, US media reported, for the right to broadcast Sunday games on its subscription YouTube TV service
- NFL's YouTube channel currently has more than 10 million subscribers, who regularly watch short videos showing high points from one of the world's most powerful sports
Geostrategy
Lebanon identifies suspects in UN peacekeeper’s killing
Beirut, Lebanon--Lebanese investigators have identified suspects in the fatal shooting of an Irish United Nations peacekeeper whose vehicle came under fire...
- The UN peacekeeper was killed and three others injured on December 14 when their UN Interim Force in Lebanon (UNIFIL) vehicle was attacked near the village of Al-Aqbiya in Lebanon
- The area is a stronghold of powerful Iran-backed armed group Hezbollah
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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
Syria inks infrastructure and real-estate deals worth $14 billion
Since the overthrow of longtime ruler Bashar al-Assad in December, Syria's new authorities have worked to attract investment for the...
Economy
Company News
Latest News
Beyond Nvidia: the search for AI’s next breakthrough
Toronto, Canada -- For a few days, AI chip juggernaut Nvidia sat on the throne as the world's biggest company, but...
Business
Israeli forces tie wounded Palestinian to jeep in West Bank raid
Jenin, Palestinian Territories -- Israeli troops tied a wounded Palestinian to a military vehicle during a raid in the occupied West...
Geostrategy
Egypt to prosecute travel agents over hajj ‘fraud’: government
Cairo, Egypt - Egyptian Prime Minister Mostafa Madbouly ordered 16 tourism companies stripped of their licences and referred their managers to...
Most Read
Arab-American mayor warns Biden has not ‘earned my vote’
Hammoud sidesteps the question of whether he could ultimately endorse Biden under the right circumstances, emphasizing that whatever he might...
- Hammoud's profile surged in January after he declined an invitation to meet with Biden campaign officials seeking to shore up the Muslim vote
- The son of Lebanese immigrants, Hammoud grew up in a "working poor" blue collar family and his father drove truck while his mother's father worked on an auto factory assembly line
Business
UK’s richest family get jail terms for exploiting staff at Swiss villa
Geneva, Switzerland -A Swiss court handed jail sentences to four members of Britain's richest family on Friday, branding them "selfish" for...
- The Hindujas were acquitted of human trafficking, but convicted on other charges in a stunning verdict for the family, whose fortune is estimated at 37 billion pounds
- Prakash Hinduja and his wife Kamal Hinduja each got four years and six months, while their son Ajay and his wife Namrata received four-year terms
Geostrategy
Israeli strikes kill 5 Gaza municipal workers as fears grow of wider war
Palestinian Territories -- Israel bombed Gaza on Friday as exchanges of fire and threats over the Lebanon border raised fears of...
- Five municipal workers died "during an Israeli bombing" of a garage in Gaza City, said Mahmud Basal, spokesman for the civil defense agency in the territory.
- The World Health Organization, said "we did not see an impact on the humanitarian supplies coming in" after Israel announces daily 'tactical pauses' for aid delivery.