Global markets rise as Trump weighs future of Fed boss
US indices were near record highs two hours into the Wall Street session with all eyes on an incoming earnings...
Business
Explosive-laden drones hit three oil fields in Iraq’s Kurdistan region
Kurdistan has seen a spate of unclaimed drone attacks, which have come as the regional government and the federal authorities...
Geostrategy
Business
Twitter failed to safeguard users’ personal data, claims ex official
Twitter misled users and federal regulators about glaring weaknesses in its ability to protect personal data, the platform's former security...
- Twitter's former security chief Peiter Zatko also accused the social media giant of significantly underestimating the number of automated bots on the platform.
- The hacker-turned-executive Zatko, who goes by the nickname "Mudge," also claims that Twitter prioritizes growing its user base over fighting spam and bots.
Geostrategy
Eight more grain silos collapse at blast-ravaged Beirut port
A cloud of dust rose over the port after the collapse, which brought down the last of the northern block...
- The silos had absorbed much of the impact of the massive explosion of haphazardly stored ammonium nitrate fertiliser that killed more than 200 people on August 4, 2020.
- Only 12 of the original 48 silos are still standing, all of them in the southern block, said French civil engineer Emmanuel Durand, who has installed sensors on the silos.
Geostrategy
Sadr supporters begin sit-in outside top Iraq judicial body
Several hundred supporters of Shiite cleric Moqtada Sadr launched a sit-in outside Iraq's top judicial body on Tuesday, ratcheting up...
- On August 10, Sadr gave the Supreme Judicial Council one week to dissolve parliament to end the political deadlock
- Last week, caretaker Prime Minister Mustafa al-Kadhemi convened crisis talks with party leaders, but they were boycotted by the Sadrists
Geostrategy
US expresses concern about violence on Syria-Turkey border
The recent bloodshed came against a backdrop of increased tensions pitting the Kurdish-led Syrian Democratic Forces (SDF) against Turkish troops...
- On Friday, Kurdish authorities said that a pre-dawn strike by a Turkish drone hit "a training center for young girls" in the Shmouka, killing 4 children and wounding 11
- Britain-based Syrian Observatory for Human Rights said artillery fire on a market by pro-regime forces killed 17 civilians including six children
Geostrategy
Libya digs up ‘mass grave’ with seven bodies
Mass graves were initially discovered in Tarhuna in June 2020 following the withdrawal of forces of Khalifa Haftar, an eastern...
- A "mass grave" was discovered on Sunday in a "public waste dump" and seven bodies have been exhumed
- More than 250 bodies have been found since 2020 in the farming town, which was controlled for years by the Kaniyat militia
Geostrategy
Israel warns Hezbollah attack on gas field may spark war
Israeli Defense Minister Benny Gantz has warned Hezbollah that any attack on its gas assets could set off war, after...
- Gantz said extraction from the gas field would begin "when it is ready to produce," reaffirming Israel's claim to Karish
- Israel and Lebanon last fought a devastating conflict in 2006 and remain officially at war, with United Nations peacekeepers patrolling the land border
Business
Court denies Ben & Jerry’s effort to prevent sales in Israeli settlements
The company, known for its political activism, took the unusual step seeking an injunction after London-based Unilever announced it had...
- In July last year, Vermont-based Ben & Jerry's announced it would no longer sell its ice cream in the Palestinian territories
- However, Israeli license-holder Avi Zinger had continued to produce the ice cream in his factory in the suburbs of Tel Aviv and distribute it to the Israeli settlements
Arts & Culture
Gaza women seek outdoors escape on summer nights
Fifteen years into an Israeli-led blockade on Gaza, residents of the densely populated territory endure regular power cuts amid stifling...
- Fifteen years into an Israeli-led blockade on Gaza, residents of the densely populated territory endure regular power cuts amid stifling summer heat
- Switching on fans or air conditioning is often out of the question in Gaza, where residents received an average of 11 hours of electricity a day last month
Business
OPEC+ has ‘means’ to deal with oil volatility: Saudi Arabia
Prince Abdulaziz bin Salman said in an interview with Bloomberg that OPEC+ has the commitment, the flexibility, and the means...
- OPEC and 10 allies led by Russia a group known as OPEC+ agreed last month to raise production by 100,000 bpd in September
- They had agreed to increases of almost 650,000 bpd in July and August, but the cartel has struggled to meet its quotas
Business
Elon Musk subpoenas former Twitter chief Jack Dorsey
Records made public on Monday show Dorsey was served with a legal order to give Musk any communications or documents...
- The company accuses Musk of contriving a story to escape a merger agreement that he no longer found attractive
- Twitter co-founder Dorsey in November of last year ended his second stint as chief of the company and had voiced support for Musk taking it over
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
Global markets rise as Trump weighs future of Fed boss
US indices were near record highs two hours into the Wall Street session with all eyes on an incoming earnings...
Business
Company News
Latest News
US defense chief tells Israeli counterpart that Gaza toll is ‘too high’
US Defense Secretary Lloyd Austin told his Israeli counterpart Yoav Gallant that civilian casualties in Gaza are "too high". A...
Geostrategy
Spain grabs 3% Telefonica stake after concerns over Saudi deal
Madrid, Spain - Spain's government has acquired a three-percent stake in telecoms giant Telefonica following concerns over a Saudi firm taking...
Business
Major US bridge collapses as cargo ship plows into pylon
Baltimore, United States -- A major bridge collapsed in Baltimore on Tuesday, blocking one of the busiest US commercial harbors, after...
Geostrategy
Most Read
Business
Olympics tech firm Atos posts huge loss
The company posted a net loss of US$3.7 billion for 2023.
- The company reported a net loss of 3.4 billion euros ($3.7 billion) for 2023 due to asset writedowns and said it was aiming for a debt restructuring by July
- Atos, the International Olympic Committee's technology partner since the Salt Lake City winter games in 2002, is in charge of managing more than 300,000 accreditations
Geostrategy
Hamas leader Haniyeh visits Iran: state media
Haniyeh's visit comes after a resolution adopted by the UN Security Council on Monday called for an "immediate ceasefire" for...
- Hamas chief will meet with Foreign Minister Amir-Abdollahian and other senior officials
- Haniyeh's last visit was in early November when he met Iran's supreme leader
Ten years from home World Cup, Saudi sizes up ‘huge challenge’
As the only bidder, Saudi Arabia was anointed host of the 2034 World Cup last October by FIFA. Infrastructure is...
- To host the 48-team World Cup, the country needs 14 all-seater stadiums capable of holding at least 40,000 people, according to the bid document
- Saudi sports ministry is preparing to issue tenders worth 10 billion riyals ($2.69 billion) to build and expand football venues, according to domestic media