Russia publishes rare footage of largest drone factory
Moscow, Russia -- Russia has showcased what it calls the biggest drone factory in the world, broadcasting rare footage from...
Geostrategy
Iranians told to use less water as heatwave worsens shortages
Tehran, Iran - Iranian authorities have urged residents to limit water consumption as the country grapples with severe shortages amid...
Economy
Economy
Away game: Qatar World Cup looms as money-spinner for Dubai
With little investment the UAE, and in particular Dubai, stands to gain if, as expected, supporters opt to stay in...
- Budget airline flydubai will run at least 30 return flights a day to Doha, just an hour away
- Dubai Sports Council has estimated about a million World Cup fans could arrive in the city
Economy
Morocco, Nigeria agree on project to pipe gas to W.Africa and Europe
The agreement to go ahead with the Nigeria-Morocco Gas Pipeline project was inked in Rabat by the two countries and...
- Once completed, it would be connected to the Maghreb–Europe Gas Pipeline in order to reach the European gas network
- The project was agreed upon at a time of strong international demand for oil and gas and a surge in prices following Russia's invasion of Ukraine
Business
Shell says CEO stepping down at end of 2022
The outgoing CEO, 64, has presided over a tumultuous time at the energy titan, weathering collapsing oil prices in 2020 as...
- The outgoing CEO, 64, has presided over a tumultuous time at the energy titan, weathering collapsing oil prices in 2020 as Covid lockdowns ravaged demand
- Under his tenure, Shell last year simplified its name and structure and outlined plans to slash greenhouse gas emissions
Economy
Tunisia government reaches pay deal with key union
The deal involves a five percent annual hike to public sector wages every year until 2025. The head of the...
- Tunisia has been hit hard by the coronavirus pandemic and global diplomatic fallout from the war in Ukraine
- The government is locked in negotiations with the International Monetary Fund over a $2 billion bailout
Business
How the tide turned on promising data centers in Europe
Energy-guzzling Data centers or bit barns across Europe are facing the heat because of energy shortage sparked by the Ukraine-Russia...
- The industry sucked up 14 percent of Ireland's power last year, while Amsterdam said it simply had no more room for the warehouses.
- Some question whether data centres were the best target for criticism when cryptocurrencies were so wasteful.
Business
Rosneft H1 net profit up 13%
The energy giant's H1 net profit rose to $7.2 billion.
- Having processed 45.8 million tonnes of oil this semester, Rosneft said its debt decreased by 12 percent from the beginning of the year.
- The company' revenues increased by 32.5 percent, reaching $86.7 billion.
Business
Thai SC dismisses Toyota appeal
The court dismisses appeal over $270m import tax bill.
- The case relates to Toyota Motor Thailand's importation of parts for its Prius model at a reduced tax rate between 2010 and 2012.
- While Thailand's Central Tax Court ruled in favor of Toyota in 2017, the decision was later overturned.
Business
Ethereum blockchain completes software upgrade to cut energy use
Leading cryptocurrency figures hailed on Thursday the completion of one of the biggest software upgrades the sector has ever attempted,...
- Developers had spent years working on an energy-efficient version of Ethereum, a digital ledger that underpins tens of billions of dollars worth of cryptocurrencies, etc.
- Ethereum is the second most important blockchain after bitcoin, but it has faced criticism for burning through more power each year than New Zealand.
Geostrategy
Josep Borrell says Iran nuclear talks in “stalemate”
Less than a month after signs emerged of a possible signing of the nuclear deal, EU foreign policy chief Josep...
- Last month, Borrell put a text in front of all parties that he described at the time as “final” and which he said was “best equilibrium point between the positions of everybody"
- Iran is sticking to a demand that the IAEA draw a line under a probe launched when the agency found traces of nuclear material at three undeclared sites
Arts & Culture
TV series ‘The Crown’ brings mourners closer to royals
First aired in 2016, it charts the queen's journey from nervous 25-year-old neophyte to national institution as she guided the...
- First aired in 2016, it charts the queen's journey from nervous 25-year-old neophyte to national institution as she guided the monarchy through decades of scandals and upheaval
- The last season to air drew some criticism in UK for taking too much artistic license and allegedly portraying Charles excessively negatively over his treatment of his ex-wife
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
Russia publishes rare footage of largest drone factory
Moscow, Russia -- Russia has showcased what it calls the biggest drone factory in the world, broadcasting rare footage from...
Geostrategy
Company News
Latest News
Four Israeli officers injured in car-ramming attack near West Bank
Jerusalem--Four Israeli police were injured in a car-ramming attack at a checkpoint in the centre of the country, police said...
Geostrategy
Netanyahu branded ‘traitor’ in fourth night of Israel protests
Former premier Barak said if Netanyahu launches a ground offensive on Rafah, the "hostages will return in coffins. The one...
Geostrategy
World Bank estimates damage to Gaza infrastructure at $18.5bn
The World Bank said in its interim damage assessment, this is equivalent to 97 percent of the combined economic output...
Economy
Most Read
Geostrategy
World powers condemn deadly Gaza air strike on aid workers
World Central Kitchen -- one of two NGOs spearheading efforts to deliver aid by boat -- said a "targeted Israeli...
- The EU's foreign policy chief Josep Borrell, who is also Spanish, said that "despite all the demands to protect civilians and humanitarian workers, we see new innocent casualties".
- Australian PM Anthony Albanese slammed the "completely unacceptable" attack, and called it a "tragedy that should never have occurred"
Geostrategy
Newborn mortality and malnutrition surges in Gaza, says WHO
"From different doctors, particularly in the maternity hospitals, they're reporting that they're seeing a big rise in children born with...
- WHO said that at Kamal Adwan, the only pediatric hospital in northern Gaza, at least 15 malnourished children are coming in per day.
- The organization is unable to establish precise statistics on child mortality because of the devastation in the Palestinian territory after six months of war.
Geostrategy
Spanish president wants parliament to recognize Palestine state by July
"We have to think seriously about doing it this semester," Sanchez told a group of Spanish journalists accompanying him on...
- Sanchez, who after Jordan will visit Saudi Arabia and Qatar, wants to "try to convince Arab countries that have not yet recognized Israel to do so".
- He has repeatedly said the only solution to the Israeli-Palestinian conflict is the recognition of two states, Israel and Palestine.