Dubai International Airport logs record 46 million travelers in first half
Dubai, United Arab Emirates -- Dubai International Airport welcomed a record 46 million passengers in the first half of this...
Business
Palantir, the AI giant that preaches US dominance
Palo Alto, United States - Palantir, an American data analysis and artificial intelligence company, has emerged as Silicon Valley's latest...
Business
Business
BMW Q3 net profit US$3.1bn
Profit was due to high demand for pricier luxury models.
- Car deliveries were down nearly one percent over the period as the industry continues to grapple with supply chain disruptions.
- BMW said higher prices for its premium vehicles had helped deliver a solid third quarter.
Geostrategy
COP27 hot topic: Funding vulnerable nations to fight global warming
Many emerging economies least to blame for the fossil-fuel gases that stoke global warming, are also among the most exposed...
- Wealthy nations have failed to provide all of the pledged $100 billion a year to developing nations, reaching just $83 billion in 2020.
- Only a part of that -- $29 bn -- was for adaptation, which the UN Environment Programme warned in a new report was five to 10 times below the estimated needs.
Economy
UNESCO says Yellowstone, Kilimanjaro glaciers can vanish by 2050
The UN warning followed a study of 18,600 glaciers at 50 World Heritage sites -- covering around 66,000 square kilometers...
- Countries have pledged to keep global warming to 1.5 degrees Celsius above pre-industrial levels -- a goal the world is set to miss on current emission trends
- The melting of ice and snow is one of the 10 key threats from climate change, an Intergovernmental Panel on Climate Change report published in February said
Business
Smugglers devise novel ways in Middle East to traffic captagon
Fastening weapons or drugs to livestock to cross borders is an age-old smuggling trick. Latin American cartels took this a...
- The creativity of smugglers continues to astound the authorities, with seizures more often the result of tip-offs than the technological prowess of customs checks
- More than 5.3 million pills were found by the Saudi authorities in a large shipment of pomegranates in April 2021, with the drugs stuffed inside some of the fruit
Business
Six grain ships depart Ukraine ports after Russia rejoins deal
Moscow had said on Saturday that it was temporarily pulling out of the grain deal, accusing Ukraine of using a...
- Turkey and the United Nations engaged in intense diplomacy to save the agreement designed to ease global food crisis caused by the Russian war in Ukraine
- Russia's defense ministry said on Wednesday it had received sufficient guarantees from Kyiv that it would not use the maritime corridor to carry out attacks
Economy
Turkish inflation jumps to 85.51 percent in October
Central banks worldwide are raising borrowing costs in efforts to tame soaring consumer prices, but Turkey has bucked the global...
- Last month, Turkey's central bank cut its policy rate for a third consecutive time, bringing it down to 10.5 percent from 12 percent
- On Wednesday, Erdogan praised the state of the economy, in an address to his ruling AKP lawmakers in the parliament
Business
Google looks to develop AI in one thousand languages
As progress is made on the project, which is estimated to take several years, Google plans to integrate its advances...
- The company wants to mine data in new languages not only from texts available on the internet but also from videos, images and speech
- Meta earlier this year announced a similar plan called No Language Left Behind designed to create translation systems to cover hundreds of world languages
White House deletes tweet after Twitter users intervene
Elon Musk, the world's richest person, who took ownership of Twitter last week, hailed the correction saying the feature that...
- The White House tweeted that it was "thanks to President Biden's leadership" that US pensioners had received the biggest benefit hike
- "The tweet was not complete," White House press secretary Karine Jean-Pierre said when asked about the deleted tweet
Economy
BoE set for biggest rate hike in 33 years to bring down inflation
Struggling to bring down the runaway inflation, the Bank of England is expected to hike its key interest rate on...
- The expected hike would mirror aggressive rate-tightening by central banks worldwide as economies battle the highest prices in decades
- The US Federal Reserve on Wednesday announced a fourth consecutive hike of 0.75 percentage points, taking its benchmark lending rate to 3.75-4.0 percent
Geostrategy
Lebanon says it has US ‘guarantees’ on Israel border deal if Netanyahu wins
Hawkish former Israeli premier Netanyahu, who on Wednesday appeared on the cusp of returning to power, has staunchly opposed the...
- Israel and Lebanon struck a US-brokered sea border agreement last month that opens up lucrative offshore gas fields for the neighbours
- US President Joe Biden had hailed the "historic" deal, which comes as Western powers clamour to open up new energy production
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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
Dubai International Airport logs record 46 million travelers in first half
Dubai, United Arab Emirates -- Dubai International Airport welcomed a record 46 million passengers in the first half of this...
Business
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UN votes symbolically in favor of Palestinian membership
"I have stood hundreds of times before at this podium, but never for a more significant vote than the one...
Geostrategy
Hamas says ‘ball is completely’ in Israel’s hands in Gaza truce talks
"The negotiating delegation left Cairo heading to Doha. In practice, the occupation (Israel) rejected the proposal submitted by the mediators...
Geostrategy
Israel hits Rafah despite US warning on arms transfers
In an interview with CNN on Wednesday, Biden warned he would stop some US weapons supplies to Israel if it...
Geostrategy
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Geostrategy
Israel destroys dozens of Bedouin homes in Negev desert
Israeli authorities destroyed around 50 homes belonging to Bedouins in the Negev desert on Wednesday, an AFP journalist reported, with...
- Israel considers the homes built in Wadi al-Khalil to be illegal
- Only 11,000 bedouins remained within Israel's borders after the 1948 Arab-Israeli War
Biden threatens to stop arm shipments if Israel invades Rafah
Biden, a self-described Zionist, had long resisted stopping any of the $3 billion in weapons the United States sends each...
- In an interview with CNN Biden also deplored the fact that civilians had been killed by the dropping of US bombs on the Palestinian territory
- His fresh warning came after the US last week halted a shipment of huge American bombs to Israel as it appeared ready to proceed with a major attack on Rafah
Geostrategy
Empty streets and ‘fear’ in Gaza’s Rafah since Israeli incursion
Rafah, Palestinian Territories - Displaced Gazan Marwan al-Masri, sheltering in Rafah, said on Wednesday "life has completely ceased" since Israeli tanks...
- More than 1.4 million people had crammed into Rafah, a city on the Gaza Strip's southern border with Egypt, as Israeli forces pushed their way southward
- Caught between Israeli shelling from the east, an Egyptian border to the south and the Mediterranean to the west, many fleeing Rafah went north