Trump’s state visit to Britain set for September 17 to 19: palace
US President Donald Trump's second state visit to the United Kingdom will be between September 17 to 19, Buckingham Palace...
Geostrategy
Syria signs $800 mn port deal with DP World to develop Tartus port
Damascus, Syria -- Syria signed a $800 million deal with UAE-based company DP World on Sunday to develop the port...
Business
Geostrategy
Egypt protests Ethiopia plans to fill reservoir for third year
Egypt said it had protested to the UN Security Council Friday against Ethiopian plans to fill the reservoir of a...
- The process of filling the GERD's vast reservoir began in 2020, with Ethiopia announcing in July that year it had hit its target of 4.9 billion cubic metres
- Addis Ababa deems the GERD essential for the electrification and development of Africa's second most populous country
Business
Misses and uncertainty: US tech giants stumble after pandemic boom
As people are freed from pandemic lifestyles that had them relying on the internet for shopping, playing, working and learning,...
- A crowded period of quarterly financial releases from the world's biggest tech firms has been marred by misses and uncertainty.
- Recession fears, strong dollar, shrinking advertising budgets and inflation, headwinds coming from every direction at the moment.
Business
Eni reports Q2 net profit of US$3.9bn
Italian energy giant Eni said Friday that its profits sky-rocketed in the second quarter as energy prices soared in the...
- Eni said in a statement that bottom-line Q2 net profit increased 15-fold to $3.9 billion
- For the whole of 2022, Eni confirmed it was aiming for operating profit of 'at least' $1.22 billion
Business
ExxonMobil Q2 profits rises to US$17.9bn
ExxonMobil's second quarter profits nearly quadrupled to $17.9 billion in results released Friday that underscored the elevated state of oil...
- ExxonMobil's Q2 profits nearly quadrupled to $17.9 billion that underscored the oil and natural gas prices
- The US oil giant's revenues in the second quarter rose 68.7 percent to $111.3 billion
Business
Sony trims annual profit forecast
Expenses incurred on acquisition of Bungie partly responsible.
- Sony Group now predicts net profit for 2022-23 will total 800 billion yen ($6 billion), down from its previous estimate of 830 billion yen.
- Sony said lower sales of games by non-house developers will likely dent its overall sales figures this financial year.
Economy
Germany’s economic model wobbles amid energy crisis
Germany's second-quarter growth figures to be published on Friday are expected to be meek as the outlook for Europe's largest...
- Less expensive to produce and transport, with prices pinned down in long-term contracts, Russian gas has for decades contributed to Germany's economic prosperity
- To wean itself completely off Russian gas, Germany is looking further afield for new supplies including shipments of liquefied natural gas from the United States and Qatar
Arts & Culture
Johnny Depp sells his artwork for £3 mn
The art retailer said that Johnny Depp's collection of prints called "Friends & Heroes" was "a testament to those he...
- Depp wrote on Instagram on Thursday morning that the prints were going on sale online at Castle Fine Art, which runs a network of UK galleries
- The art retailer said that Johnny Depp's collection of prints called "Friends & Heroes" was "a testament to those he has known well and others who have inspired him as a person."
Business
Pfizer profit up 78% in June quarter
The company's earnings jumped on strong sales of Covid19 products.
- In the quarter ending June 30, profits were $9.9 billion, up 78 percent from the year-ago period following a 47 percent jump in revenues to $27.7 billion
- US officials last month approved emergency authorization to Pfizer and Moderna for Covid-19 vaccines in under-five-year-olds
Economy
Asian markets rise as US data boosts hopes of slower Fed hikes
Asian stocks rose Friday after data showing another contraction in the US economy boosted hopes that the Federal Reserve will...
- After an extended period of pessimism on trading floors fuelled by soaring inflation, investors are beginning to speculate that the market may have reached its nadir
- The prospect of US rates not rising as fast as previously expected hit the dollar, which has soared in recent months against most other currencies
Economy
Rights group condemns Morocco’s ‘manual’ of press repression
The New York-based group presented the findings in a 141-page report focusing on eight journalists and public figures.
- The New York-based group presented the findings in a 141-page report focusing on eight journalists and public figures
- Two of the most prominent cases are Omar Radi and Soulaimane Raissouni, both sentenced on appeal this year on sexual abuse charges to six years and five years in jail
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
Trump’s state visit to Britain set for September 17 to 19: palace
US President Donald Trump's second state visit to the United Kingdom will be between September 17 to 19, Buckingham Palace...
Geostrategy
Company News
Latest News
Cairo arts center razed for Old City makeover
Arts & Culture
UN warns record e-waste in 2022 a catastrophe for environment
On average, every person on earth generates roughly 7.8 kilograms (17 pounds 3 ounces) of e-waste each year, said the...
Geostrategy
Cash-strapped Pakistan gets draft approval for $1.1 bn IMF payout
Islamabad, Pakistan - Pakistan reached a tentative deal to unlock a $1.1 billion tranche of an International Monetary Fund (IMF) bailout...
Economy
Gaza ceasefire, post-conflict planning on Blinken’s Saudi visit agenda
Blinken is due to travel on to Egypt, which neighbors Gaza and whose envoys have been involved in previous mediation...
Geostrategy
Most Read
Microsoft hires DeepMind co-founder to lead AI unit
Of all the tech giants, Microsoft has moved the fastest into adopting generative AI, integrating its powers into a whole...
- Suleyman is one of the biggest names in the artificial intelligence revolution that is taking the technology world by storm and his hiring is a major move by Microsoft
- Suleyman said that some key collaborators at Inflection, including co-founder Karén Simonyan, had "chosen to join" his team at Microsoft
Geostrategy
Hate crimes surge 32 percent in France following Gaza war: Govt
Police recorded 8,500 crimes and misdemeanors "committed because of the ethnicity, nationality, supposed race or religion" of the victim across...
- There were twice as many crimes and misdemeanors recorded in October-December as in the same period in 2022.
- "The increase can be seen from October, with a level of offences holding at the same high level in November before falling back in December," the report said.
Geostrategy
Israel’s Gallant to visit US as Rafah pressure builds
During his first visit to Washington since war erupted in response to Hamas's unprecedented October 7 attack, Gallant is due...
- Netanyahu's office said a delegation would visit Washington at "the request of US President"
- Biden said Monday he had told Netanyahu to send a team to Washington