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
Birth of a solar system observed for first time
The new planetary system is forming around the baby star HOPS-315 -- which resembles our own Sun in its youth...
Science
Economy
US envoy expects China to ramp up coercion of Taiwan
The US in retaliation will begin formal trade talks with Taiwan by the autumn to show support for the democracy,...
- Taiwan lives under constant threat of an invasion by China, which claims the democratically ruled island as part of its territory to be seized one day
- The US envoy said Washington would respond with "calm, but resolute steps" to keep the Taiwan Strait open and peaceful
Morocco bus crash leaves 23 dead, scores injured
An average of 3,500 deaths and 12,000 injuries have been recorded annually in Morocco, according to the National Road Safety...
- The bus overturned on a bend of a motorway in Khouribga province in the morning, an investigation has been opened into the accident
- An average of 3,500 deaths and 12,000 injuries have been recorded annually in Morocco, according to the National Road Safety Agency
Business
TikTok rolls out plan to fight US election misinformation threat
TikTok will use automated systems and human fact-checkers to assess the accuracy of content, prompting users to "reconsider" sharing posts...
- TikTok has rolled out an "Elections Center" that will help users know how and where to vote
- According to a recent Pew Research report, the social media giant has emerged as a top social media platform for US teens
Economy
US Fed warns of more interest rate cuts to tame inflation
US Fed officials believe it will take some time to bring "unacceptably high" inflation back down near the two percent...
- US policymakers are trying to tread a narrow path and avoid pushing the world's largest economy into recession
- Fed officials are trying to dispel some of that excess optimism, stressing in recent speeches that the central bank is committed to pursuing its battle on inflation
Geostrategy
Israel, Turkey to restore full diplomatic ties
Israeli Prime Minister Yair Lapid hailed the step as an "important asset for regional stability and very important economic news...
- The prime minister Lapid held a phone call with Turkish President Erdogan, during which they agreed the move would lead to many achievements
- Erdogan's office said that in the call he expressed his support for the "development of cooperation and dialogue between Turkey and Israel
Geostrategy
Iraqi leaders, bar Sadr, agree to work on political roadmap
Tensions have been rising since July between the two main Shiite factions, one led by Sadr, the other by the...
- The Coordination Framework was represented at Wednesday's talks by two former premiers, Nuri al-Maliki and Haider al-Abadi
- Ten months after a general election last October, war-scarred Iraq still has no government, new prime minister or new president
Geostrategy
Syria denies having US journalist Austin Tice in custody
Denying holding the American nationals captive, including journalist Austin Tice, the Syrian government has responded to US President Jo Biden's...
- Tice appeared blindfolded in the custody of an unidentified group of armed men in a video when he went missing
- US authorities announced a $1 million reward in 2018 for information that would lead to the journalist's recovery
Geostrategy
Dubai airport gears up to ease transit travel for World Cup supporters
Dubai International Airport, a major aviation hub, is gearing up to help ease transit travel for World Cup supporters ahead...
- The first World Cup ever held in a Middle Eastern country is set to kick off in Qatar on November 20, and will last until December 18.
- Gulf states have agreed to ease administrative procedures for fans in transit, in particular through the United Arab Emirates.
Economy
High oil prices may push Saudi growth to 7.6 percent in 2022: IMF
The government's Vision 2030 reform programme, designed to reduce the kingdom's dependence on oil, has also given the economy a...
- The kingdom managed to contain inflation at 3.1% in 2021, and the IMF predicted it would remain little changed this year at 2.8%, even as rates soar in much of the developed world.
- The fund said that was largely due to "low passthrough" of the double-digit wholesale price inflation and increasing shipping costs battering the world economy.
Business
Uniper, German energy giant, records net loss of $12.5bn in H1
Russia's war in Ukraine has caused turmoil in European energy markets, especially in Germany, which is heavily dependent on Russian...
- Uniper on Wednesday reported heavy first-half losses which it blamed on Russia squeezing gas deliveries in the wake of the Ukraine war.
- The German government agreed in late July to take some 30-percent stake in Uniper, which was threatened with bankruptcy as a result of the crisis
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
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
Company News
Sony to decide on Zee merger
Business
Latest News
European Union probes Apple, Google, Meta under new digital law
Among six firms named as market "gatekeepers" under the EU's landmark Digital Markets Act -- along with Amazon, TikTok owner...
Geostrategy
Nissan to shrink EV production costs
The automaker will slash production costs by 30 percent.
Business
Singapore makes Israel embassy delete ‘insensitive’ Palestinian post
Singapore, Singapore--Singapore made the Israeli embassy in the city-state take down an "insensitive" social media post about the Palestinians over the...
Geostrategy
Most Read
Geostrategy
Christians of Gaza pray for peace in times of war and destruction
Christian families from Gaza have found refuge inside the church with the memory of two women killed in December by...
- Worshippers inside the church in their dress clothes lined the wooden pews decorated with palm fronds for the service marking the start of Easter week
- Away from Gaza, Palestinian Christians marked Palm Sunday in Jerusalem with the fate of the people trapped by war weighing heavily upon them
Geostrategy
China supports new UNSC draft resolution on Gaza ceasefire
Last Friday, the Security Council voted on a draft submitted by the United States that called for an "immediate" ceasefire...
- The health ministry in the Hamas-run Gaza Strip on Sunday put the total death toll in the territory at 32,226, most of them women and children
- Permanent Council member and key Israel backer the United States has unequivocally supported Israel's right to defend itself following Hamas's attacks
Geostrategy
Aid to Gaza ‘requires Israel removing’ obstacles, says UN chief
Antonio Guterres repeated his call for an "immediate humanitarian ceasefire" to alleviate "the plight of Palestinian children, women and men...
- He said the whole world recognises that it's past time to silence the guns in Gaza
- The UN has repeatedly warned of famine in the Palestinian territory, particularly in the north