Palestinians across major West Bank cities protest Gaza war
One of the largest marches took place in Ramallah, the seat of the Palestinian Authority located just north of Jerusalem,...
Geostrategy
Israel intercepts Huthi missile fired from Yemen
The Israeli military said it intercepted a missile fired from Yemen on Friday, which the Iran-backed Huthi rebels said they...
Geostrategy
Economy
European stocks, oil steady before US jobs data and OPEC output decision
Traders are growing confident that the Federal Reserve will slow its pace of rate hikes after Fed boss Jerome Powell...
- At the same time, Powell and other Fed officials have lined up to warn that rates would continue to rise and stay elevated, with the possibility of no cut until 2024.
- Focus was also on OPEC+, which may decide Sunday to slash oil production further to boost prices for its members, which include Saudi Arabia and Russia.
Business
TotalEnergies cuts UK investment
Move comes UK imposes windfall tax on energy firms.
- Total will cut its North Sea investment by US$123 million in 2023 over windfall tax.
- The move of windfall tax in last month's budget was aimed at helping fund support for British consumers hit by rocketing energy bills.
Arts & Culture
Germany crash out of World Cup despite 4-2 defeat of Costa Rica
Al Khor, Qatar---Germany crashed out of the World Cup at the group stage for the second time in succession despite...
- The four-time World Cup winners came into the match needing a win but were also relying on the result of Japan's game with Spain to progress.
- But the Germans were eliminated from Group E due to goal difference as Japan followed up their defeat of Germany with another shock result by beating Spain 2-1.
Geostrategy
OPEC set to stick or cut more amid plan to cap Russian oil price
LONDON, UNITED KINGDOM - Major oil producers are expected to stick to their current output strategy or even slash production...
- In October the OPEC+ agreed to reduce output by two million barrels per day (bpd) from November.
- Since the October meeting, oil prices have been plummeting to their level of early 2022, far from the peaks above $130 a barrel in March
Geostrategy
Israel’s Netanyahu nears coalition after far-right deal
With 32 members of Netanyahu's Likud party and seven Religious Zionism lawmakers in Israel's 120-seat parliament, the former premier still...
- Netanyahu signed the agreements with two other extreme-right factions, the six-member Jewish Power and one-man Noam
- LGBTQ rights groups and activists expressed concern Monday after Netanyahu signed the deal with Maoz granting him a cabinet post
Business
Musk kicks Kanye West off Twitter for ‘incitement to violence’
West has made a series of anti-Semitic comments recently, as the one-time titan of fashion and music appears to have...
- Just clarifying that his account is being suspended for incitement to violence, not an unflattering pic of me, Musk said in response to West's tweet.
- West had shared a picture of a shirtless Musk getting sprayed with water, captioned: "Let's always remember this as my final tweet."
Concern rises as new Turkish media law squeezes dissent
Press advocates say the new law could allow authorities to shut down the internet, preventing the public from hearing about...
- The law, passed in parliament in October, could see reporters and social media users jailed for up to three years for spreading what is branded "fake news
- Erdogan himself has a social media account and urged his supporters to rally through Twitter after surviving a coup attempt in 2016
Business
US company turns air pollution into fuel, bottles and dresses
The concoction includes billions of hungry bacteria, specialized to feed on polluted air -- the first step in a recycling...
- LanzaTech, which employs about 200 people, compares its carbon recycling technology to a brewery
- To date, the company says it has kept 200,000 metric tons of carbon dioxide out of the atmosphere
Business
Doha Souq abandons tradition to become World Cup party base
Qatar is hosting the first World Cup in an Arab nation, but the hosts along with fellow Arab states Tunisia...
- The market where locals drink coffee, buy spices, Arab robes, gold jewellery has become popular with fans
- Crowds gather around a giant golden thumb sculpture in the market that has become a magnet for fans of winning teams
Economy
Eurozone’s unemployment drops to record low
The reading -- the lowest since Eurostat started compiling jobless figures in April 1998 -- was an indicator that the...
- Eurostat estimated that, for the entire 27-nation European Union, 12.95 million adults were unemployed in October
- Younger people had the highest unemployment rate in the EU and its eurozone, at 15.1 percent and 15.0 percent respectively
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
Palestinians across major West Bank cities protest Gaza war
One of the largest marches took place in Ramallah, the seat of the Palestinian Authority located just north of Jerusalem,...
Geostrategy
Company News
Latest News
Airlines expect over $30 bn in profits and passengers to hit nearly five billion in 2024: IATA
The International Air Transport Association (IATA) announced strengthened profitability projections for airlines in 2024 compared with its June and December...
Business
Trump warns jail time could be ‘breaking point’ for supporters
In an interview aired Sunday on Fox News, the former president and current Republican White House hopeful acknowledged the possibility...
Geostrategy
12 pro-regime fighters killed in Israeli strike near Syria’s Aleppo: NGO
The Syrian Ministry of Defence said in a statement that "after midnight... the Israeli enemy launched an air attack from...
Geostrategy
Most Read
Business
Saudi Aramco begins second share offering, may fetch $12bn
The firm last Thursday disclosed plans to sell 1.545 billion shares on the Saudi stock market, priced between 26.70 and...
- Meetings with institutional investors were set to run through Thursday while about 10 percent of the shares would be offered to retail investors from Monday.
- It is the firm's second listing after an initial public offering in December 2019 that raised $25.6 billion, the biggest flotation in history.
Kuwait emir names former PM as new crown prince
Kuwait entered new political turbulence in May when the 83-year-old emir, Sheikh Meshal al-Ahmad al-Sabah, dissolved parliament just six weeks...
Geostrategy
Gaza mediators urge Israel, Hamas to accept truce plan
Rafah, Palestinian Territories - Qatari, Egyptian and US mediators called on Israel and Hamas Saturday to "finalise" the truce deal outlined...
- Fighting has raged in the besieged Gaza Strip since Biden said Israel was offering a new roadmap towards a full ceasefire
- But Israeli Prime Minister Benjamin Netanyahu has since insisted his country would pursue the war until it had achieved all its aims