Syrian, Israeli ministers to hold meeting in Baku on Thursday: diplomat
A Syrian-Israeli ministerial meeting is set to take place Thursday in Baku to discuss security matters in southern Syria, a...
Geostrategy
Gaza famine warning as Israel resists ceasefire calls, UNICEF says time running out
"We need to flood Gaza with large-scale food aid, immediately and without obstruction, and keep it flowing each and every...
Geostrategy
Geostrategy
Qatar Airways official discards ‘rumors’ as airport expansion begins
After the multi-billion dollar overhaul, Hamad International Airport will take its capacity from 40 million passengers a year to 58...
- The expansion adds 39 airport gates to the existing 140 at the airport, which is a major hub for transit passengers.
- Qatar Airways has also eliminated 18 destinations from its schedule to increase flights from key World Cup markets.
Geostrategy
Special World Cup flights to carry Israeli and Palestinian fans: FIFA
A deal was brokered between Qatar and Israel, who do not have diplomatic relations, so that flights are "temporarily operated"...
- More than 10,000 Israeli and Palestinian fans have tickets fan passes. Israel severely restricts access to its main Ben Gurion Airport for residents of the Palestinian territories.
- FIFA said Palestinian access would be "subject to Israel's security requirements and operational capabilities".
Geostrategy
UN, Russia to discuss black sea deal on grain, fertilizer export
GENEVA, SWITZERLAND - UN chiefs are to hold talks with Russian officials in Geneva on Friday on the Black Sea...
- The 120-day Black Sea Grain Initiative, a UN-led deal agreed with Moscow and Kyiv, runs out on November 19.
- Ukraine is one of the world's top grain producers and the Russian invasion had blocked 20 million tons of grain
Business
ArcelorMittal Q3 profit at $993m
Firm is suffering from slowdown in China's economic growth.
- The steelmaker said it had reduced European gas consumption by 30 percent amid soaring costs.
- ArcelorMittal said in September that it would shut down two of its blast furnaces in Europe over high energy prices and lower demand.
Business
Mazda pulls out of Russia JV
Firm to transfer it equity interest to JV partner Sollers.
- Mazda stopped shipping parts to Russia in March and ended operations the following month.
- The company said it signed an agreement last month to transfer all of its equity interest in the Russian business to its joint venture partner Sollers.
Geostrategy
Fossil fuel lobbyists have flooded UN climate talks in Egypt: watchdogs
More than 600 lobbyists from some of the world's biggest polluters have registered to the climate talks in the Egyptian...
- They said that is more than the number of lobbyists from the 10 most climate-affected countries combined. A total of 503 lobbyists were registered atCOP26 in Glasgow.
- The groups called on the United Nations to restrict access to the talks for fossil fuel firms, which the UN chief Antonio Guterres has said are "poisoning our planet".
Business
Emirates H1 profit at US$1.1bn
Revenues in H1 of 2022-2023 surged 131% to $13.7 billion.
- Emirates has bounced back into the black after its losses during the pandemic, the airline said.
- The airlines operations recovery accelerated as more countries eased and removed travel restrictions.
Arts & Culture
Marrakech film festival makes a comeback after Covid hiatus
The festival, running from November 11-19, features emerging directors from across the world who will "shape the cinema of tomorrow",...
- Known for its conversational side events, the festival will give the public the chance to question Iran's two-time Oscar-winning director Asghar Farhadi
- Tributes will also be paid to American director James Gray and to Swinton, as well as Moroccan director Farida Benlyazid and Bollywood star Ranveer Singh
Economy
China’s digital economy hits $6.3 trillion
The digital economy has become an important cornerstone of China's stable economic development, said the China Internet Development Report 2022.
- The digital economy has become a cornerstone of China's economic development, said the China Internet Development Report 2022 released during the WIC Wuzhen summit
- The summit also released the World Internet Development Report 2022 which revealed the digital economy in 47 countries reached 38.1 trillion U.S. dollars in 2021
Arts & Culture
Saudi light festival tries to sell public on arts push
The Noor Riyadh installations generally steer clear of political messaging, though several highlight the ravages of climate change.
- The Noor Riyadh installations generally steer clear of political messaging, though several highlight the ravages of climate change
- Saudi Arabia has generated buzz, and some controversy, in recent years for luring major names in the contemporary art world to shows like Desert X
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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
Syrian, Israeli ministers to hold meeting in Baku on Thursday: diplomat
A Syrian-Israeli ministerial meeting is set to take place Thursday in Baku to discuss security matters in southern Syria, a...
Geostrategy
Company News
Airbus profit drops 11 percent
Business
Cisco to cut thousands of jobs
Business
Latest News
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...
Geostrategy
‘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...
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...
Geostrategy
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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