International Court of Justice court paves way for climate reparations
The court said climate change was an "urgent and existential threat" and countries had a legal duty to prevent harm...
Geostrategy
Hamas confirms it responded to latest Gaza truce proposal
Hamas confirmed on Thursday that it has responded to an Israeli proposal for a 60-day ceasefire in Gaza, after more...
Geostrategy
Tennis sensation Ons Jabeur enters second round at home
The 28-year-old, whose ambition is "to be a good example for all the young people who follow her" has won...
- The Monastir tournament, staged on the central coast of Tunisia, is just the second women's professional circuit organized in Africa
- The world number two took 73 minutes to dispatch her 67th ranked opponent in their first meeting
Arts & Culture
Ornate Hindu temple opens doors in Islamic UAE
The large white marble building with Indian as well as Emirati architectural flourishes sits in the officially Islamic country's Jebel...
- The temple, with a distinctive lotus pattern decorating the central skylight, was built at a cost of about $16 million and can house 1,000 people at a time
- As well as a temple for all different forms of Hinduism, it will act as a support centre for Indian expatriates, particularly labourers
Arts & Culture
After long renovation, Qatar reopens Museum of Islamic Art
Looking to showcase Islamic culture and art and history, Qatar has unveiled its landmark Museum of Islamic Art after an...
- Constructed on a purpose-built island on Doha's waterfront promenade, the building is the work of the late US architect I.M. Pei
- Qatar has spent billions of dollars on new stadiums for the first football World Cup in an Arab country, which kicks off on November 20
Geostrategy
Germany to continue with $198bn energy fund despite EU criticism
Germany pushed back against critics of a 200-billion-euro ($198-billion) energy fund, as Berlin faces fresh accusations it is going it...
- France and key members of the European Commission are asking for EU-wide solutions to the energy crunch aggravated by the Ukraine war.
- They fear that European countries with high debts cannot afford the largesse demonstrated by Germany, the EU's biggest economy.
Market Report
Asian, European markets surge on interest rate hopes
Asian and European stocks rallied and the dollar dipped as weak US data sparked hopes the Federal Reserve could ease...
- Monetary tightening by Federal Reserve and other central banks has raised fears that it could plunge countries into recession.
- Eurozone manufacturing survey data showed a contraction on the back of the region's ongoing energy crisis.
Geostrategy
Lebanese man storms bank to demand money for son in Ukraine
Banks in the country, mired in an economic crisis for more than two years, partially reopened last week under strict...
- The armed pensioner, in his 50s, demanded access to the 24,000 dollars in frozen funds in his account.
- He was detained, his brother said, and it was unclear whether he had been able to release any of his savings.
Science
Trio win physics Nobel for quantum mechanics work
Their discoveries in the field of quantum mechanics have paved the way for quantum computers, networks and secure encrypted communication.
- Alain Aspect (France), John Clauser (US) and Austria's Anton Zeilinger were honored "for experiments with entangled photons, establishing the violation of Bell inequalities".
- The Nobel season continues this week with the announcement of the winners of the Chemistry Prize on Wednesday, followed by the much-anticipated prizes for Literature on Thursday.
Economy
Saudi to host Asian Winter Games in NEOM megacity
"The deserts and mountains of Saudi Arabia will soon be a playground for winter sports," the Olympic Council of Asia...
- First announced in 2017, NEOM has consistently raised eyebrows for proposed flourishes like flying taxis and robot maids
- The Asian Winter Games are slated to take place in Trojena, an area of NEOM "where winter temperatures drop below zero celsius
Business
Twitter to roll out edit feature for Blue subscribers
The long-awaited feature to edit tweets is being rolled out to those subscribing to Twitter's Blue service in Australia, Canada...
- The tool will let users edit a tweet up to five times within 30 minutes of initially posting, Twitter said
- An aim of the tweak is that "Tweeting will feel more approachable and less stressful," Twitter said while testing the feature
Business
Why crypto’s big ‘merge’ is causing big headaches
Regulators have begun to pay attention, with US Securities and Exchange Commission Chairman Gary Gensler suggesting proof-of-stake looked like a...
- De Vries, whose Digiconomist website models the energy use of Bitcoin and Ethereum, said consumption had indeed plummeted by more than 99 percent on Ethereum
- Cryptocurrencies were envisaged as a decentralized alternative to the banks, corporations, and governments that failed so spectacularly during the global crash of 2008
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
International Court of Justice court paves way for climate reparations
The court said climate change was an "urgent and existential threat" and countries had a legal duty to prevent harm...
Geostrategy
Company News
Latest News
Naver profit jumps 129% in Q4
Business
Apple logs US$119.6bn in sales
Business
WTO eyes global trade rebound in 2024 but warns of risks
Geneva, Switzerland -- The World Trade Organization said Wednesday that global trade should rebound this year from an unexpected slump in...
Geostrategy
Biden says Israel making ‘mistake’ in handling of Gaza war
Biden urged Netanyahu "to just call for a ceasefire, allow for the next six, eight weeks, total access to all...
Geostrategy
Most Read
Geostrategy
BP issues upbeat Q1 outlook
The energy major's share price gained almost 2 percent.
- Gas sales are "expected to be strong" after a solid performance in the fourth quarter of 2023.
- Oil sales have regained strength after a weak performance in the prior period.
Israel deploys C-Dome defence system for the first time
On Monday evening, the Israel Defense Forces (IDF) reported an alert in the area of Eilat, which was targeted in...
- The C-Dome is a naval version of the Iron Dome air defence system used to shield against rocket and missile attacks.
- Mounted on Sa'ar 6-class corvettes, German-made warships, the C-Dome uses the same interceptor as the Iron Dome
Geostrategy
Iran foreign minister in Syria after consulate strike blamed on Israel
Amir-Abdollahian is set to meet Syrian President Bashar al-Assad and Foreign Minister Faisal Mekdad during the visit, while Syria's information...
- Tehran, a key Damascus ally, has vowed to avenge last Monday's air strike on the Iranian embassy's consular section that killed seven Islamic Revolutionary Guard Corps members
- Iranian Foreign Minister Hossein Amir-Abdollahian began a regional tour a day earlier in Oman, long a mediator between Tehran and the West