Saudi-led coalition warns of intervention against Yemen separatists
The statements came a day after reported Saudi airstrikes on separatist positions in Yemen's Hadramawt province — and after Washington...
Geostrategy
Syria to start replacing currency from Jan 1: central bank chief
Syria's central bank chief said Thursday that the country's currency would start to be replaced with a revamped version from...
Economy
Geostrategy
Saudi investors’ delegation arrives in Syria, aims to invest billions
Riyadh, Saudi Arabia -- A Saudi delegation of over 100 investors arrived in Damascus on Wednesday ahead of a conference...
- The country's investment minister, Khalid Al-Falih, was leading the delegation, which included 120 investors, aiming to ink agreements worth 15 billion riyals ($4 billion).
- Earlier this year, Saudi Arabia and Qatar pledged to settle Syria's debt to the World Bank totaling about $15 million.
Geostrategy
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...
- According to US media reports, Trump was also to announce a series of executive orders to give key components of the plan additional legal weight.
- AI "challenges America to build vastly greater energy generation than we have today," the plan said.
Geostrategy
Trump claims Obama ‘coup’ as Epstein questions mount
Washington, United States - President Donald Trump sought Tuesday to distract from the growing furor over his administration's handling of...
- The accusations, delivered in the Oval Office, followed a surprise announcement that Trump's Department of Justice would question an imprisoned, key former assistant to Epstein
- However, the show of transparency appeared to be part of a concerted effort by the White House and Trump's allies to quell speculation about the convicted sex offender
Economy
Trump announces ‘massive’ Japan trade deal including 15% tariff
US President Donald Trump announced Tuesday a "massive" trade deal with Japan, cutting a threatened 25-percent tariff to 15 percent...
- Trump has vowed to hit dozens of countries with punitive tariffs if they don't strike a deal with the United States by next month
- So far, Trump has only announced pacts with Japan, Britain, Vietnam, the Philippines and Indonesia, while talks continue with other trade partners
Geostrategy
More than 100 NGOs warn ‘mass starvation’ spreading across Gaza
The UN said on Tuesday that Israeli forces had killed more than 1,000 Palestinians trying to get food aid since...
- Israel is facing mounting international pressure over the catastrophic humanitarian situation in the Palestinian territory
- More than two million people face severe shortages of food and other essentials after 21 months of Israeli invasion
Geostrategy
Top Palestinian official meets US ambassador to Israel in Ramallah
Hussein al-Sheikh, vice-president of the Palestinian Liberation Organization (PLO), on Tuesday said he met the US ambassador to Israel, Mike...
- Sheikh, a close aide to Palestinian president Mahmud Abbas and seen as a potential successor, said the meeting took place in his office
- "Discussions were held regarding support for efforts to stop the war in the Gaza Strip, release the hostages and deliver urgent aid to the Palestinian people there," he wrote on X
Business
AstraZeneca to invest $50bn in US
Bulk of funds to go into a Virginia manufacturing center.
- "Today’s announcement underpins our belief in America’s innovation in biopharmaceuticals," the statement quoted CEO Pascal Soriot as saying.
- The company said it expects 50 percent of its revenue to come from the United States by 2030.
Geostrategy
91% of new renewable projects now cheaper than fossil fuels alternatives
Abu Dhabi, UAE -- Renewables maintain their cost leadership in global power markets, IRENA’s new report on Renewable Power Generation...
- IRENA’s new report confirms renewables maintained their price advantage over fossil fuels, with cost declines driven by technological innovation.
- In 2024, solar photovoltaics (PV) were, on average, 41 percent cheaper than the lowest-cost fossil fuel alternatives, while onshore wind projects were 53 percent cheaper.
Geostrategy
Humans beat AI gold-level score at top maths contest
Sydney, Australia -- Humans beat generative AI models made by Google and OpenAI at a top international mathematics competition, despite...
- Google and OpenAI models didn't score full marks -- unlike five young people at IMO, a prestigious annual competition where participants must be under 20.
- Google said Monday that an advanced version of its Gemini chatbot had solved five out of the six maths problems set at the IMO, held in Australia's Queensland this month.
Geostrategy
Gaza hospital says 21 children dead from malnutrition and starvation
Gaza's population of more than two million people is facing severe shortages of food and other essentials, with residents frequently...
- Mohammed Abu Salmiya, the director of Al-Shifa Medical Complex in Gaza, said that new cases of malnutrition and starvation were arriving at functioning hospitals "every moment".
- "We are heading towards alarming numbers of deaths due to the starvation inflicted on the people of Gaza," he added.
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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
Saudi-led coalition warns of intervention against Yemen separatists
The statements came a day after reported Saudi airstrikes on separatist positions in Yemen's Hadramawt province — and after Washington...
Geostrategy
Company News
Latest News
After delays, Egypt set for lavish opening of grand museum
Cairo, Egypt - With much pomp and circumstance, Cairo is due to inaugurate on Saturday the long-awaited Grand Egyptian Museum,...
Arts & Culture
Backed by its sovereign wealth fund, Saudi chases AI ambitions with homegrown firm pitched to global investors
The company, launched in May, is bankrolled by Saudi's powerful Public Investment Fund, which has played a key role in...
Economy
TotalEnergies net profit soars despite lower oil prices
Paris, France -- French oil and gas giant TotalEnergies reported on Thursday a sharp increase in third-quarter net profit despite...
Business
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Business
BYD Q3 profit down 33%
This was a 33% year-on-year decrease.
- The Shenzhen-based firm recorded revenue of 195 billion yuan over the same period, a slight decrease of 3 percent year-on-year.
- China's EV industry is world-leading but a cutthroat domestic market has weighed on companies' profitability.
Geostrategy
Israel hits another Gaza target after deadliest night since truce
Israel said it struck an arms dump in Gaza on Wednesday, hours after the deadliest night of bombing since the...
- The military announced it had carried out a strike on a site in the Beit Lahia area of northern Gaza where it said weapons were being stockpiled for "an imminent terror attack."
- Israeli troops, it said, would remain deployed in "accordance with the ceasefire agreement and will continue to operate to remove any immediate threat".
Business
Alphabet posts first $100 bn quarter
The growth was powered by cloud division buoyed by AI
- The tech giant's revenues jumped 16 percent year-on-year to $102.3 billion in the third quarter, beating analyst expectations
- "Alphabet had a terrific quarter, with double-digit growth across every major part of our business," CEO Sundar Pichai said