First foreign firm takes ownership of Saudi football club
The Harburg Group -- led by American Ben Harburg -- said it had "officially completed the 100 percent acquisition of...
Business
Trump admin unveils AI strategy to maintain US dominance
The 25-page "America's AI Action Plan" outlines three aims: accelerating innovation, building infrastructure, and leading internationally on AI. Overall, the...
Geostrategy
Business
Crude prices surge as top producers plan to slash output
The jump comes after both main contracts suffered hefty losses in recent months on demand fears caused by an expected...
- WTI climbed 3.3 percent to $82.12 and Brent also piled on 3.3 percent to $87.94 ahead of a meeting of the group this week in Vienna
- The reduction in production -- which delegates to OPEC said had not been finalized -- would be the biggest since the pandemic began when crude prices collapsed
Business
Tesla Q3 deliveries increase
The company delivered a total of 343,380 vehicles
- While the Q3 results show a return to growth for Tesla deliveries, the total number was at the very bottom end of analyst estimates, which were between 343,000 and 370,000
- The company said it was facing headwinds with regard to "vehicle transportation capacity," which it hoped to resolve with better distribution among its factories
Business
Qatar squad basks in attention as it prepares for World Cup
While Qatar feverishly seeks to complete work on hotels and apartments for the World Cup fans, its squad for the...
- But the national team, who will make their World Cup debut against Ecuador on November 20, lost 3-0 to Croatia's under 23 team, 2-0 to Canada
- The players remained upbeat despite the disappointing results and being kept away from their Qatari homes
Geostrategy
Yemen ceasefire ends without extension as UN envoy urges calm
The United Nations envoy Hans Grundberg said efforts to extend and expand the ceasefire for a further six months had...
- The ceasefire, enacted for two months in April and renewed twice, has brought a sharp drop in fighting in the war between Huthi rebels and a Saudi-led pro-government coalition
- The war, which has been raging since 2014, has killed hundreds of thousands directly or indirectly and has created the world's worst humanitarian crisis
Geostrategy
Nine NATO nations won’t accept Russia’s annexation in Ukraine
The presidents of the countries issued a joint statement saying they could not "stay silent in the face of the...
- The nine nations are Czech Republic, Estonia, Latvia, Lithuania, Montenegro, North Macedonia, Poland, Romania and Slovakia.
- Their reaction comes two days after Russian President Putin signed treaties to annex four Moscow-occupied regions of Ukraine.
Geostrategy
Israel praises US proposal for Lebanon maritime border deal
The draft agreement floated by US envoy Amos Hochstein aims to settle competing claims over offshore gas fields and was...
- Israeli Prime Minister Yair Lapid told his cabinet on Sunday that the US proposal "strengthens Israel's security and Israel's economy."
- Lebanon and Israel have no diplomatic relations and their land border is patrolled by the United Nations.
Geostrategy
Afghan students rally in Herat after classroom attack
Hundreds of students were taking tests training for university admission, and the United Nations said at least 35 were killed...
- On Friday, a bomber blew himself up in the women's section of a gender-segregated study hall in Kabul's Dasht-e-Barchi neighborhood
- Women's rights protests have seen tense standoffs with authorities since the Taliban returned to power, with demonstrators detained
Geostrategy
US, Japan and Australia to boost military ties to counter China
Vice President Kamala Harris traveled last week to Japan and South Korea and said the United States would act without...
- Washington announced an $810 million aid package for Pacific Island nations where the United States plans to intensify its diplomatic presence
- Beijing considers Taiwan to be part of China and also claims the thin and busy channel of water that separates the two
Business
Qatar goes into top gear to ready luxury hotels, flats
As the countdown to the start of the World Cug gets underway, Qatar has accelerated efforts to ready luxury hotels...
- The wealthiest will pay thousands of dollars a night for rooms with marble wine cellars and a lobby with one of the world's biggest chandeliers
- Some Qatari landlords are trying to cash in on the World Cup, demanding $4,000-plus a night for Doha apartments
Business
RWE of Germany signs US$6.8bn US clean energy deal
RWE is one of Germany's main energy providers, with production historically linked to coal, which placed it among the country's...
- RWE said the transaction almost doubles the company's renewables portfolio in the United States and, once completed, will make it the number 4 renewable energy company
- Con Edison's clean energy division is a leading operator and developer of renewable energy plants in the United State with about three gigawatts (GW) of operating capacity
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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
First foreign firm takes ownership of Saudi football club
The Harburg Group -- led by American Ben Harburg -- said it had "officially completed the 100 percent acquisition of...
Business
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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...
Geostrategy
Six months of bloodshed: the Gaza war in numbers
At least 33,175 people have been killed in the besieged Palestinian territory in Israel's campaign of retaliation for the October...
Geostrategy
Trump increasingly ambiguous on Israel amid Gaza war
At the start of Israel's war with Hamas in October, Donald Trump loudly presented himself as the key US ally's...
Geostrategy
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‘Terrible’ Israel-Hamas conflict ‘must end’: UK’s Sunak
The British government on Friday called for "utmost transparency" and a "wholly independent review" into the killing of seven aid...
- Sunak said the children of Gaza needed a "humanitarian pause immediately, leading to a long-term sustainable ceasefire"
- The British government, meanwhile, said a Royal Navy ship would be deployed to help get more aid into Gaza
Israelis rally against Netanyahu as Gaza war reaches half-year mark
Organizers said about 100,000 people converged at a Tel Aviv crossroads renamed "Democracy Square" since mass protests against controversial judicial...
- Rallies were also held in other cities, with Israel's opposition leader Yair Lapid taking part in one in Kfar Saba ahead of his departure for talks in Washington
- Israeli media said clashes had broken out between protesters and police at the Tel Aviv rally and police said one protester had been arrested
Geostrategy
Israeli strikes target eastern Lebanon: source close to Hizbollah
Israel and Hizbollah have exchanged near-daily cross-border fire since the Palestinian group Hamas carried out an unprecedented attack on southern...
- Israeli strikes targeted two areas in the Bekaa Valley, Janta and Sifri, the source told AFP in the Baalbek region in Lebanon's east
- Janta is an arid, mountainous region close to the border with Syria, while Sifri is in the centre of the Bekaa Valley