Demand for crude will continue to expand through 2050, says OPEC
In its latest annual report on the outlook for oil demand, OPEC sees global oil demand rising by 18.6 percent...
Economy
Cricket’s Indian Premier League value surges to $18.5 bn: report
New Delhi, India -- The Indian Premier League's business value has been estimated at $18.5 billion with reigning champions Royal...
Business
Geostrategy
Iran to supply Russians with UAVs for Ukraine: White House
Iran is planning to supply hundreds of drones with combat weapon capabilities to Russia for use in Ukraine, a top...
- Jake Sullivan said it was not clear whether Iran had delivered any of the drones to Russia yet
- He noted that Iran's drones have been used by the Houthi rebels in Yemen to attack Saudi Arabia
Business
$5.76bn French factory on cards
STMicroelectronics and GlobalFoundries to invest in semiconductor unit.
- Expected to employ around 1,000 people, the factory should reach full capacity by 2026.
- Chip factories like STMicroelectronics's produce integrated circuits on 300-millimetre (12-inch) circular "wafers" of silicon.
Economy
World population set to reach 8bn this year, says UN
The world's population is expected to hit eight billion on November 15, the UN forecast Monday in a report that...
- The forecast by the UN Department of Economic and Social Affairs said the world's population is growing at its slowest pace since 1950
- It should hit 8.5 billion in 2030 and 9.7 billion in 2050, peaking at around 10.4 billion people in the 2080s before steadying at that level until 2100
Geostrategy
Reaching out without walking back? Biden begins delicate Saudi trip
Biden appears ready to re-engage with Saudi Arabia that has been a key strategic ally of the United States for...
- Biden appears ready to re-engage with Saudi Arabia that has been a key strategic ally of the United States for decades
- In his op-ed, Biden said Saudi Arabia was "working with (his) experts to help stabilize oil markets."
Science
James Webb Space Telescope opens its eyes on the universe
Distant galaxies, bright nebulae, and a faraway giant gas planet are among the observatory's first targets.
- Distant galaxies, bright nebulae, and a faraway giant gas planet are among the observatory's first targets
- NASA chief Bill Nelson has promised the "deepest image of our Universe that has ever been taken."
Business
Uber docs reveal bare-knuckle expansion tactics: report
A leaked cache of confidential files from ride-sharing company Uber illustrates ethically dubious and potentially illegal tactics it used to...
- Culled from 124,000 documents from 2013-2017 initially obtained by British daily the Guardian, the revelations are the latest hit for a company dogged by controversy
- The cache includes unvarnished text and email exchanges between executives, with standouts from co-founder and former chief executive Travis Kalanick
Geostrategy
‘Faceless killer’: Syria landmines keep sowing death
Since 2015, landmines and other explosive remnants have on average killed or injured five people every day, according to UN...
- Since 2015, landmines and other explosive remnants have on average killed or injured five people every day, according to UN data
- Remnants of explosives laid by all sides in the 11-year-old conflict are now claiming more lives in Syria than anywhere else in the world, says the United Nations
Geostrategy
Iran reports new technical advances at nuclear plant: IAEA
The UN watchdog's director-general Rafael Mariano Grossi said the changes at the plant under mountains south of the Iranian capital...
- IAEA said Tehran had started "feeding... a cascade of... centrifuges" at the Fordow fuel enrichment plant which has recently been upgraded.
- In January 2021, Iran said it was working to enrich uranium to 20 percent at Fordow, well beyond the 3.67 percent agreed under the 2015 deal.
Arts & Culture
Festivals, guesthouses breathe life into Old Tunis, boost tourism
The government has this month begun bailout negotiations with the International Monetary Fund, as its tourism and import-dependent economy has been...
- Under the Hafsids, Tunis was one of the biggest cities in the Islamic world, and their legacy has remained in the form of narrow, crowded souks.
- The district also has some two dozen small souks devoted to specific artisans such as tanners, perfume sellers and shoemakers.
Geostrategy
UAE court commutes Israeli’s death sentence to life, says lawyer
A United Arab Emirates court has commuted the death sentence of an Israeli woman convicted of drug possession to life...
- A 43-year-old Arab Israeli photographer, Fidaa Kiwan, was arrested in Dubai in 2021
- She was sentenced to death in April for possession of 50 grams of cocaine and half a kilogram of marijuana
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
Demand for crude will continue to expand through 2050, says OPEC
In its latest annual report on the outlook for oil demand, OPEC sees global oil demand rising by 18.6 percent...
Economy
Company News
Latest News
US charity says aid unloaded, ready for delivery in Gaza
A US charity said its team in the war-ravaged Gaza Strip had finished unloading the first maritime aid shipment to...
Geostrategy
ExxonMobil makes new oil discovery
The oil and gas strike is the first of 2024.
Netanyahu okays plan for operation in Gaza’s packed Rafah
Netanyahu "approved the plans for action in Rafah," his office said in a statement, without giving details or a timeline....
Most Read
In Gaza, there are no more ‘normal-sized babies’: UN official
The war began October 7 when a surprise attack by Hamas resulted in about 1,160 deaths in Israel, mostly civilians,...
- "Doctors are reporting that they no longer see normal-sized babies," Dominic Allen, UN official said after visiting hospitals still providing maternity services in north of Gaza
- Allen said Israeli authorities had refused to allow in some UNFPA supply shipments, such as kits for midwives, or had removed supplies like flashlights and solar panels
UN says 5 million at risk of starvation in Sudan
The war between army chief Abdel Fattah al-Burhan and his former deputy, Mohamed Hamdan Daglo, has since April last year...
- Some five million Sudanese could face calamitous food insecurity in coming months as a nearly yearlong war between rival generals continues to tear the country apart, UN said
- UN humanitarian chief Martin Griffiths noted that nearly 730,000 Sudanese children - including more than 240,000 in Darfur - are thought to suffer from "severe" malnutrition
Geostrategy
Hamas, Houthis hold rare meeting: Palestinian sources
According to sources from Hamas and Islamic Jihad, leaders from the two Palestinian groups, as well as the Marxist Popular...
- The Houthis have attacked Red Sea shipping for months since the Israel-Hamas war broke out on October 7, saying they are targeting vessels in solidarity with Palestinians
- Hamas and the Houthis belong to the "axis of resistance", a collection of Iran-backed movements hostile to Israel and the United States that also includes Lebanon's Hizbollah