China’s high-speed rail network passes 50,000km mark
Beijing, China -- China's sprawling high-speed rail network passed 50,000 kilometers (31,000 miles) in total operating distance with the opening...
Geostrategy
Nvidia expands AI empire with Groq talent grab
San Francisco, United States -- Nvidia has hired the leadership of a promising AI chip startup, a statement said Wednesday,...
Business
Geostrategy
New clashes rock Syria’s Druze heartland as tribal fighters reinforce Bedouin
Armed tribes supported by Syria's Islamist-led government clashed with Druze fighters in the community's Sweida heartland on Friday, a day...
- The United Nations called for an end to the "bloodshed" and demanded an "independent" investigation of the violence, which has claimed nearly 600 lives since Sunday
- It was Sharaa who ordered government forces to pull out, saying that mediation by the United States and others had helped avert a "large-scale escalation" with Israel
Geostrategy
Hamas armed wing says Israel blocking ceasefire and hostage release talks
The armed wing of the Palestinian militant group Hamas on Friday accused Israel of blocking a deal in talks for...
- Negotiators from both sides have been in indirect talks in Qatar since July 6 to try to agree on a 60-day truce in the conflict, which would see 10 captives freed.
- But after nearly two weeks, there has been no breakthrough and each side has blamed the other for refusing to budge on their key demands
Geostrategy
Iraq says drones that struck military radar are foreign-made, doesn’t identify perpetrators
Sabah al-Numan, the military spokesman for the prime minister, said that Iraq identified "the origin of the drones used in...
- On June 24, the Iraqi government said that several small suicide drones targeted multiple Iraqi military sites and bases, including the radar systems at Camp Taji
- Sabah al-Numan, the military spokesman for the prime minister, said that Iraq identified "the origin of drones used in the attacks," adding that they were "equipped with warheads
Business
UAB net profit up by 50% for H1
Total assets increase by 11 percent.
- Total income rose by 24 percent YoY to AED 374 million.
- The increase in net profit reflects significant growth in total assets—up 11 percent from December 2024—and the Bank’s disciplined approach to risk management.
Business
Ajman’s real estate sector deals up 37% in H1 to hit $3.37bn
Ajman, UAE -- The real estate sector in the Emirate of Ajman recorded real estate transactions worth AED 12.4 billion...
- Sheikh Abdulaziz bin Humaid Al Nuaimi, Chairman of the Department of Land and Real Estate Regulation in Ajman, stated the sector plays a pivotal role in the emirate's growth.
- He said the H1 results indicated a rising demand for properties and confirm the emirate’s attractiveness to investors and its strong competitive edge.
Geostrategy
G20 nations agree central bank independence ‘crucial’
The statement came after months of escalating attacks by US President Donald Trump on Federal Reserve boss Jerome Powell. The...
- This week he suggested he could be dismissed for "fraud" over his handling of a renovation project at the Federal Reserve headquarters.
- The G20 is made up of 19 nations and two regional organizations and its members account for more than 80 percent of the world's economic output.
Business
Gulf Air orders 12 Boeing 787 Dreamliners for $4.6 billion
San Francisco, United States -- US aviation giant Boeing on Thursday signed a contract worth billions of dollars to sell...
- The order comes one month after an Air India Boeing 787 crashed shortly after takeoff, killing a total of 260 people on the plane and on the ground.
- Boeing delivered 150 commercial aircraft in the second quarter, its highest number of deliveries in that quarter since 2018.
Geostrategy
Trump threatens to sue WSJ over story on alleged 2003 letter to Epstein
Washington, United States - US President Donald Trump threatened to sue The Wall Street Journal Thursday over a story about...
- The Journal story says the letter featuring a sketch of a naked woman and Trump's signature was part of a collection of notes for Epstein's 50th birthday in 2003
- Wall Street Journal editor-in-chief Emma Tucker "was told directly by (White House press secretary) Karoline Leavitt, and by President Trump, that the letter was a FAKE."
Geostrategy
Europeans tell Iran will reimpose sanctions if no progress on nuclear deal: France
Top European diplomats told their Iranian counterpart on Thursday they were determined to reactivate UN sanctions if Tehran does not...
- The diplomats, from Britain, France, Germany and the European Union, told Iran's Foreign Minister Abbas Araghchi of "their determination to use the 'snapback' mechanism
- They are applying pressure to convince Iran of "the urgency of returning to the diplomatic path without delay, in order to reach a robust, verifiable, and durable agreement."
Investigation
Air India probe of Boeing 787 fuel control switches finds no issues
Mumbai, India - Air India's inspection of the locking feature on the fuel control switches of its existing Boeing 787...
- A preliminary probe by Indian investigators found that they had flipped from the run position to cutoff shortly after takeoff
- India's aviation regulator ordered the country's airlines this week to investigate the locking feature on the switches of several Boeing models.
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
China’s high-speed rail network passes 50,000km mark
Beijing, China -- China's sprawling high-speed rail network passed 50,000 kilometers (31,000 miles) in total operating distance with the opening...
Geostrategy
Company News
Qatar revealed as owner of famed Courbet self-portrait
Arts & Culture
Latest News
AI chip giant Nvidia becomes world’s first $5 trillion company
New York, United States -- AI chip juggernaut Nvidia became the world's first $5 trillion company on Wednesday, as investors...
Business
Syria attracted $28 bn in investment since Assad’s fall: president
Syria has begun the mammoth task of trying to rebuild its shattered economy, after over a decade of war saw...
Geostrategy
Microsoft holds 27% of OpenAI in revamped partnership
San Francisco, United States - Microsoft and OpenAI announced Tuesday a sweeping overhaul of their landmark artificial intelligence (AI) partnership,...
Business
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Geostrategy
Trump says ‘nothing’ will jeopardize Gaza ceasefire after Israeli strikes kill 38 people
Trump defended Israel's actions on Wednesday, saying it "should hit back" if Israeli soldiers were killed, but added that "nothing's...
- Prime Minister Benjamin Netanyahu ordered "powerful strikes" on Gaza, after his defence minister accused Hamas of attacking Israeli troops in Gaza
- While Israel Katz did not say where the troops were attacked, Hamas said its fighters had "no connection to the shooting incident in Rafah" and reaffirmed its commitment to the US
Business
Nvidia to take stake in Nokia
Nvidia share price soars 20%.
- It said it would issue more than 166 million new shares, for which Nvidia would pay $6.01 per share.
- Under the partnership, Nokia "intends to increase its presence in the AI and cloud market with data center aligned networking solutions."
Geostrategy
Iran proposes regional currency to boost trade
Tehran, Iran -- Iranian President Masoud Pezeshkian on Tuesday proposed that Iran and its regional trading partners establish a shared...
- Years of international sanctions, largely imposed by the United States over Tehran's nuclear programme, have severely weakened Iran's economy.
- "Even a common currency could be adopted in the region to help promote economic development," he told a meeting with Tajik Interior Minister Ramazan Rahimzada.