Trump says Hamas ‘didn’t want’ Gaza ceasefire deal as talks break down
The US president argued that the Palestinian militant group was not ready to hand over the remaining captives in Gaza...
Geostrategy
UK starts online checks to stop children accessing harmful content
London, United Kingdom -- New UK age verification measures to prevent children accessing harmful online content came into force on...
Geostrategy
Geostrategy
Israeli troops kill three Palestinians in West Bank incidents
The United States said there had been an "alarming increase in Palestinian and Israeli deaths and injuries, including numerous children"....
- Some 66 people were injured around the city of Nablus, also in the northern West Bank, the Palestinian Red Crescent said
- Dozens of Palestinians have been shot dead in recent months during near daily Israeli raids across the West Bank
Business
Germany fills 95 percent of gas reserves as winter draws near
Berlin, Germany - Germany on Friday said it had filled its gas reserves to 95 percent of capacity faster than...
- Europe's largest economy had been heavily dependent on Russian gas and has raced to bolster its reserves after deliveries from Russia halted.
- The government said energy-saving measures in recent weeks and massive purchases of gas from other suppliers had led to significant progress.
Business
US banks report solid results, warn of rising recession risk
Large US banks reported a round of solid quarterly profits, but cautioned of rising recession risks as the economy absorbs...
- There are worries including on stubborn inflation that has prompted significant central bank interest rate hikes.
- There are concerns over geopolitical fallout from the Ukraine crisis, uncertainty in the oil market and worries about European energy security this winter.
Geostrategy
Russia’s Rosneft sues Germany over refinery seizures
Russian oil giant Rosneft has filed a complaint against the German government for taking control of its German-based refineries, a...
- Berlin in September took control of Rosneft's German subsidiaries, which account for about 12 percent of oil refining capacity in the country.
- Germany said the dramatic move last month was necessary to counter "a threat to the security of energy supply", as relations with Russia deteriorate.
Business
Aramco to sponsor major cricket tournaments, player-of-match awards
Saudi Aramco, one of the world's richest companies, will sponsor the International Cricket Council's upcoming men's and women's T20 World...
- Aramco, which scored record profits as oil prices surged following Russia's invasion of Ukraine, will also sponsor the World Test Championship final in Britain.
- No value was announced for the deal, which is the latest in a series of sports investments as Saudi Arabia tries to diversify its oil-dependent economy.
Business
Brazil judge fines Apple $20m over chargerless iPhones
The decision, which can be appealed, came after Brazil's justice ministry slapped a separate fine of nearly $2.5 million on...
- Apple stopped including outlet chargers with new iPhones in October 2020, saying it wanted to help reduce electronics waste
- The move effectively "requires consumers to purchase a second product in order for the first to work," Judge Caramuru Afonso Francisco wrote in his ruling.
Business
Meta working to speed up metaverse, but success far from certain
The biggest announcement from this week's Meta Connect event -- the company's giant's annual conference focused on virtual reality --...
- The analysts say the company has toned down the hype a bit as it struggles to reach its goal of creating an interactive virtual world
- The company said it is partnering with Microsoft, Adobe, Accenture and others to sync up popular work software with virtual worlds using Quest Pro
Business
Netflix to debut subscription with ads
After having shunned advertising since it started its streaming service, Netflix acquiesced as competition in the market intensifies and as...
- Netflix reported a loss of 970,000 subscribers in the second quarter along with stagnant profits
- The new "Basic with Ads" subscriptions will be priced at $6.99 in the United States, three dollars less than a no-ads basic option
Turkey introduces jail terms for ‘fake news’
Most Turkish newspapers and television channels fell under the control of government officials and their business allies during a sweeping...
- The new rules cement the government's already-firm grip on the media eight months before a general election
- The legislation comprised of 40 amendments that each required a separate vote was proposed by Erdogan's Islamic-rooted AKP party
Geostrategy
Braving rockets, Iraq MPs elect president who names PM after year of deadlock
The 52-year-old Mohammed Shia al-Sudani, who has the backing of influential pro-Iran factions, vowed to form a government "as quickly...
- Abdul Latif Rashid, a 78-year-old Iraqi Kurd, was elected as head of state, replacing Barham Saleh
- The new president swiftly named Shiite politician Mohammed Shia al-Sudani as prime minister-designate
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
Trump says Hamas ‘didn’t want’ Gaza ceasefire deal as talks break down
The US president argued that the Palestinian militant group was not ready to hand over the remaining captives in Gaza...
Geostrategy
Company News
Latest News
McDonald Q4 profit up
Business
Vodafone Q3 revenue dips
Business
Italy PM Meloni visits Tunisia for migration talks
Meloni's latest visit to Tunisia came as part of her so-called Mattei Plan, a program aiming to posit Italy as...
Geostrategy
Dubai roads, airport reel from floods after record rains
Power outages were reported around Dubai, which was dotted with flooded areas and submerged and abandoned cars. One road tunnel...
UN Security Council to vote this Thursday on full Palestinian membership
Against the backdrop of the grinding conflict in Gaza, a city largely devastated by more than six months of war...
Geostrategy
Most Read
Dubai airport diverts flights as ‘exceptional weather’ hits Gulf
Dubai, the Middle East's financial centre, has been paralyzed by the torrential rain that caused floods across the UAE and...
- The world's busiest air hub for international passengers confirmed a halt to arrivals at 7:26 pm (1526 GMT) before announcing a "gradual resumption" more than two hours later
- Earlier the airport, which had been expecting more than 100 flight arrivals on Tuesday evening, briefly halted its operations in the chaos caused by the storm
Geostrategy
Global ocean summit nets $10 billion in pledges: Greek PM
Athens, Greece -- An international summit on saving the oceans netted $10 billion in pledges, the prime minister of host country...
- This year's three-day conference began Monday with delegates from around 120 countries.
- The "Our Oceans" summit was launched in 2014 as the first international event of its kind to address all issues related to oceans.
Geostrategy
Heavy floods hit Dubai airport as Oman death toll rises to 18
Dubai, the Middle East's financial center, was paralyzed by the heavy storms that caused widespread flooding around the United Arab...
- Roads and residential communities also suffered heavy flooding in scenes repeated around the Emirates, where rain is an unusual event.
- A child's body was recovered on Tuesday, bringing the death toll to 18 with two people missing, emergency authorities told the official Oman News Agency.