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...
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...
Geostrategy
Science
Amazon to unveil its $1bn bet with ‘Lord of the Rings’ prequel launch
It is hard to imagine what the great director would have made of Amazon's $1 billion gamble on "The Lord...
- It is central to Amazon's bid to stand out in the "streaming wars" with Netflix, Disney+ and HBO Max
- Amazon has also put on glitzy premieres for "The Rings of Power" in Los Angeles, New York and Mumbai
Geostrategy
UN warns of outbreak of new bout of violence in Libya
United Nations has warned of the outbreak of new phase of violence in Libya as the country faces delays in...
- Several members of the Security Council have called for the quick nomination of a new head of the UN's mission in Libya
- According to several diplomatic sources, the Security Council has agreed to appoint Senegalese Abdoulaye Bitali, though the Libyan government has indicated reservations
Economy
China’s August factory activity weakens for second straight month
The Purchasing Managers' Index (PMI), a key gauge of manufacturing activity in the world's second-biggest economy, came in at 49.4...
- Sporadic Covid-19 lockdowns around China have dampened consumer enthusiasm and business confidence
- China's manufacturing Purchasing Managers' Index has been in contraction territory for five out of the past six months
Geostrategy
Iraq president feels early elections can end crisis
Less than a year after the last polls, Iraq President Barham Saleh has encouraged early elections to settle a political...
- Sadr and his supporters have spearheaded calls for the dissolution of parliament and new legislative elections following months of political paralysis
- Under the constitution, parliament can only be dissolved by an absolute majority vote in the house, following a request by one-third of deputies or by the prime minister
Business
UAE to allow multiple-entry visas for Qatar World Cup fans
The facility will be available for the holders of the "Hayya" card issued by FIFA World Cup Qatar 2022, which...
- Qatar has a population of 2.8 million and it tries to accommodate an expected 1.2 million. Saudi Arabia also has announced multiple-entry visas for fans.
- This visa can be extended for another 90 days according to the conditions, procedures and the normal fees followed in the current visa system in the UAE.
Geostrategy
Moscow warns EU against restricting Russian tourists
The Kremlin on Tuesday warned it would respond if the European Union makes it harder for Russians to travel to...
- The idea to ban Russian tourists from Europe has divided EU nations, with some in full support and some against it.
- The European Union had already suspended visa facilitation for Russian official delegations and business leaders.
Geostrategy
What can Europe do to fight soaring power bills?
European leaders want to break the link between soaring gas prices and electricity bills, a wholesale reform of the EU...
- Electric power can't be stockpiled, unlike natural gas, so production and use must constantly be balanced.
- In the EU, electricity pricing is determined by the cost of the last energy source employed to respond to demand - often a gas-fired power plant
Geostrategy
Saudi seized 700m Captagon pills smuggled via Lebanon since 2015: Envoy
Saudi Arabia has seized over 700 million narcotic pills that entered its territory via Lebanon in the past eight years,...
- The kingdom suspended fruit and vegetable imports from Lebanon last year, accusing it of inaction after seizing millions of captagon amphetamine pills smuggled in fruit shipments.
- Captagon, an amphetamine that is wreaking havoc in Saudi Arabia and other Arab states, is produced mainly in Syria, as well as in Lebanon.
Business
India’s Adani becomes world’s third-richest person
The self-made billionaire has seen his net worth more than double to $137.4 billion in the last year, rising 20...
- Prince Alwaleed bin Talal Al Saud, the founder of Kingdom Holding, a conglomerate with stakes in hotels, real estate and equities, is the only Arab billionaire among the top 100.
- Egyptian tycoon Nassef Sawiris (net worth $7.06 bn), MA Yusuff Ali (UAE, $5.87bn) and Muhammed Al Amoudi (Saudi Arabia, $5.78 bn) are the other Arabs in the list of 500.
Economy
China state support for economy this year exceeds 2020, premier says
Economists have widely predicted that China will fail to meet its 5.5 percent GDP growth target, blaming record youth unemployment,...
- China's economy has also been battered by the two-month lockdown of Shanghai, a nationwide mortgage boycott, and a severe drought and heatwave
- The grim economic outlook underscores the difficulty of balancing economic growth with the country's strict zero-Covid policy
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
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...
Geostrategy
Company News
Latest News
White House rolls out ‘concrete safeguard’ policies for federal AI
Washington, US - "Concrete safeguards" for government use of artificial intelligence were announced by the White House on Thursday, as it...
Geostrategy
US stocks open mixed ahead post fresh economic data
New York, US- Wall Street stocks saw a mixed start to Thursday, as traders digested the latest economic data ahead of...
Market Report
Russia says ‘evidence’ links Ukraine to Moscow attack
MOSCOW, RUSSIA - Russia said on Thursday it had evidence the perpetrators of last week's massacre at a concert hall outside...
Geostrategy
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Geostrategy
UN ‘disturbed’ as Israeli strikes on health care kills 10 in Lebanon
"The tragic events of the past 36 hours have resulted in a significant loss of life and injuries in south...
- "Deeply disturbed by the repeated attacks on health facilities and health workers who risk their lives to provide urgent assistance to their local communities," said Imran Riza.
- Hizbollah said four of its fighters and two rescuers were killed in Wednesday's strikes, while its ally the Amal movement said it had lost two members, including a rescuer.
Science
What do scientists hope to learn from total solar eclipse in US?
Washington, United States -- When a rare total solar eclipse sweeps across North America on April 8, scientists will be able...
- Total solar eclipses offer "incredible scientific opportunities," NASA Deputy Administrator Pam Melroy told a press conference this week about the celestial event.
- Startling animal behavior has been noted during eclipses: Giraffes have been seen galloping, while roosters and crickets can start crowing and chirping.
Geostrategy
Palestinian Authority president approves new government
Prime Minister Mohammed Mustafa, who presented the government and aims to see it play a role in post-war Gaza said...
- He added that his cabinet "will work on formulating visions to reunify the institutions, including assuming responsibility for Gaza".
- The new government is made up of 23 ministers, including three women and six Palestinians from Gaza, among them former Gaza City mayor Maged Abu Ramadan.