Microsoft valuation surges above $4 trillion as AI lifts stocks
Shares of Microsoft vaulted 5.3 percent after it reported $27.2 billion in quarterly profits as it touted massive investments in...
Business
Thousands of carpets sunbathe at Turkish resort
From June-Sept, in harvested fields cleared of stubble, merchants bring their cargo to age in the sun, tempering the bright...
Arts & Culture
20 dead as Egypt minibus topples into canal
Emergency crews recovered the heavily damaged minibus from the canal, an AFP photographer reported. Traffic accidents are common in Egypt...
- Prosecutors said police had arrested the driver after a preliminary drug test suggested he had been driving under the influence of narcotics
- In 2021, around 7,000 people were killed on the roads of the Arab world's most populous country, according to official figures
Geostrategy
Hundreds join march of hunger striker’s sister at COP27
Demonstrations at COP27 must be approved by organizing authorities and should take place only in a special zone, activists behind...
- Seven months into a hunger strike, Abdel Fattah began refusing water last Sunday, as world leaders arrived in Egypt for Climate Summit
- A few world leaders have raised Abdel Fattah's case with Egyptian President Abdel Fattah al-Sisi in bilateral meetings during the climate talks
Geostrategy
Lebanon extradites Saddam Hussein’s “grandnephew” to Iraq
Accused of involvement in a massacre by the Islamic State group, Abdullah Sabawi, dubbed as the "grandnephew" of the late...
- Sabawi's family has denied the accusations, telling AFP he had been in Yemen at the time of the killings
- The Camp Speicher massacre was considered one of IS's worst crimes after it took over large parts of Iraq in 2014
Economy
Better food cold chain crucial for climate, world hunger: UN
In 2017, emissions linked to a lack of refrigeration totalled one gigatonne of CO2, according to the UN report --...
- More efficient refrigeration would prevent food waste and boost revenues for small farmers, the UN said
- Developing countries are estimated to save 144 million tonnes of food annually if they reached the same level of food cold chain as developed countries
Geostrategy
At least 326 killed in Iran crackdown, say NGOs
Iranian security forces have killed at least 326 people in a crackdown on nationwide protests since Mahsa Amini's death in...
- The protests were fanned by fury over the dress rules for women.
- The latest toll represents an increase of 22 since the rights group issued its previous figures on November 5.
Geostrategy
Qatar plans to open new visa center in Jordan
DOHA, QATAR - Qatar plans to open a new center in Jordan for issuing visas in the near future, in...
- The Qatari Ministry of Interior said five new centers for Qatar visas will soon be opened in Jordan, Tunisia, Morocco, Kenya and Indonesia.
- Qatar visa centers abroad have contributed to facilitating workers employment procedures and expediting their visas and residencies issuance.
Geostrategy
Turkey appoints new envoy to Israel after four-year gap
Turkey has appointed an ambassador to Israel after a gap of four years in the latest step towards normalising ties...
- Sakir Ozkan Torunlar is a veteran diplomat who has served as Turkey's consul general in Jerusalem between 2010 and 2014
- Ankara withdrew its ambassador to Israel in May 2018 and threw out the Israeli envoy over the Israeli army's killing of dozens of Palestinians
Business
Thousands of migrant workers stage a World Cup rally in Doha
Doha, Qatar— Thousands of migrant workers wearing the colors of Argentina, Brazil and England staged a World Cup rally in Doha...
- The fans came mainly from the Indian state of Kerala that also accounts for a huge chunk of the Indian migrant community in Qatar of about 750,000 people
- Qatar residents have been the top buyers of tickets for the tournament, with some low-priced $10 tickets having been reserved for migrant workers
Business
Qatar selects 26-man home-based squad for World Cup
Less than ten days before they play their first game in the tournament, Qatar has picked up a 26-man squad...
- The team's coach Felix Sanchez, who learned his trade over 10 years with Barcelona's youth teams, guided Qatar to a 3-1 victory over Japan in the 2019 Asian Cup final
- Sanchez and his players have been staying together in near-lockdown since June while holding training camps in Spain and Austria
Biden urges world to ‘step up’ climate fight at COP27
His speech came at the halfway point of a two-week COP27 conference in Egypt where rich polluters like the US...
- Biden touted the passage of a massive, $369 billion spending package to green the US economy
- He said the United States "will meet" its goal of cutting emissions 50-52 percent below 2005 levels by 2030
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
Microsoft valuation surges above $4 trillion as AI lifts stocks
Shares of Microsoft vaulted 5.3 percent after it reported $27.2 billion in quarterly profits as it touted massive investments in...
Business
Company News
Commerzbank net profit $2.4bn
Business
Latest News
Prayers and concern in Iran as President Ebrahim Raisi’s helicopter remains missing
Search and rescue teams are looking for the crash site in the remote mountain area, says Iranian state media, adding...
Geostrategy
Moroccan enterprises give jobs, hope to people with disabilities
Rabat, Morocco -- Fadoua Lamrani was elated when she was hired as a waitress at a restaurant in Morocco which employs people...
Business
UN aid chief warns of ‘apocalyptic’ consequences of Gaza shortages
"If fuel runs out, aid doesn't get to the people where they need it, that famine, which we have talked...
Geostrategy
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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.