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
Trump holds fresh talks with Netanyahu to end Gaza ‘tragedy’
Donald Trump and Benjamin Netanyahu met for the second time in 24 hours Tuesday as the US president intensified the...
Geostrategy
Geostrategy
Palestinian president holds rare meeting with Hamas chief
Palestinian president Mahmud Abbas and Hamas leader Ismail Haniyeh met publicly for the first time in over five years, on...
- Algeria's state broadcaster reported late Tuesday that representatives of the Palestinian Authority and the Islamist Hamas movement also attended this meeting
- Abbas' secular Fatah party, which dominates the Palestinian Authority that rules the Israeli-occupied West Bank, has been at loggerheads with Hamas since elections in 2007
Economy
Asia stocks drop, euro stuck at 20-year low on recession fear
Adding to the uncertainty was a fresh flare-up of coronavirus cases in parts of China that has seen some cities locked...
- Adding to the uncertainty was a fresh flare-up of coronavirus cases in parts of China that has seen some cities locked down as part of officials' zero-Covid policy
- Investors are growing increasingly concerned that sharp central bank interest rate hikes aimed at fighting decades-high inflation will lead to a contraction in leading economies
Business
Jordan pens success story with its chalk
Long before whiteboards, beamers and laptops entered modern school classrooms, teachers relied on the humble, dusty, sometimes screechy blackboard chalk.
- Chalk, a white, soft limestone, was formed aeons ago when the shells of tiny marine creatures were compressed on the sea floor
- Jordan has a near endless supply of the raw material, with the ministry of energy and mineral resources estimating the country's "assets of limestone exceed 1.3 billion metric tons
Geostrategy
22 Malian migrants died in boat disaster off Libya: UN
Twenty-two Malian migrants died in a boat disaster off the Libyan coast, the UN said Tuesday, citing survivors who reported...
- Libya has become a key route for irregular migration to Europe in the chaotic years since the 2011 overthrow and killing of dictator Moamer Kadhafi in a NATO-backed uprising
- Many have drowned at sea, thousands have been intercepted by the Libyan coastguard, which has been backed by Italy and the EU, and returned to Libya
Geostrategy
Israel PM talks Iran, Lebanon with Macron on his first trip
Iran and its influence in the Middle East took center stage on Tuesday in talks between Israeli Prime Minister Yair...
- Israel PM discussed Lebanon dispute with French president and said that he presented intelligence on Hezbollah and its activities
- Emmanuel Macron said Israel and Lebanon should "avoid any action" that could worsen relations between the two countries
Largest Hajj of Covid era ready to begin in Mecca
The biggest hajj pilgrimage since the coronavirus pandemic began kicks off Wednesday, with hundreds of thousands of mostly mask less...
- One million fully vaccinated Muslims, including 850,000 from abroad, are allowed at this year's hajj
- Some pilgrims donned clothing featuring the names and flags of their countries
Geostrategy
Tunisia president defends new constitution ahead of referendum
Tunisia's President Kais Saied on Tuesday defended a proposed constitution set for referendum this month, after the drafting committee's chief...
- The new constitution is the centerpiece of Saied's plan to remake the North African country's political system
- Saied wants a presidential system to replace the country's 2014 constitution, which enshrined a mixed presidential-parliamentary system often beset by deadlock
Geostrategy
Morocco urges return to W. Sahara roundtable talks
Morocco called Tuesday for a return to regional roundtable talks on a peace deal over the Western Sahara, a format...
- The Moroccan officials told the UN diplomat that they remained committed to "the political process of roundtables" to reach a realistic solution
- Morocco controls some 80 percent of the Western Sahara and has long insisted it must retain sovereignty there
Geostrategy
Algeria to re-open land border with Tunisia: president
Passengers had been blocked from crossing the border since March 2020 to stop the Covid-19 illness spreading, although cargo traffic...
- Passengers had been blocked from crossing the border since March 2020 to stop the Covid-19 illness spreading, although cargo traffic had continued
- Being cut off from a neighbour of some 44 million people has dealt a serious blow to Tunisia's tourism industry
Geostrategy
Tunisia freezes bank accounts of Ghannouchi, opposition figures
A Tunisian court on Tuesday froze the bank accounts of several key opponents to President Kais Saied, including Rached Ghannouchi,...
- A court had already imposed a travel ban on Ghannouchi late last month over a probe into high-profile political assassinations that rocked the country in 2013
- Tunisia's long-running political crisis took a dramatic turn last July when Saied sacked the government, and seized far-reaching powers
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
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
Company News
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US forces ‘destroy’ Houthi anti-ship missiles and drones in Yemen
Dubai, United Arab Emirates--The US military said Thursday it had destroyed nine anti-ship ballistic missiles and two drones in Yemen after...
Geostrategy
India publishes election donation data after court order
The BJP had received slightly less than 48 percent of all election bonds cashed by parties up to March 2023,...
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Geostrategy
UN should organize more aid convoys for north Gaza: Israel
An Israeli official said that the UN should coordinate more convoys if it wants to see more aid in north...
- However UNRWA spokeswoman said the issue is with Israel not allowing enough aid in
- Aid workers say slow inspections and opaque rules have held up the arrival of aid
Business
Sweden’s gaming group Embracer divests Russian assets
Stockholm, Sweden - Swedish gaming group Embracer, which owns the Borderlands franchise and the Tomb Raider license, announced on Thursday that...
- Beacon Interactive, which is controlled by Saber Interactive co-founder Matthew Karch, will pay $247 million for the unit, according to Embracer.
- Embracer said the divested assets included "38 ongoing game development projects," amounting to a book value of 2.3 billion kronor ($225 million).
Geostrategy
Former US treasury secretary says preparing buyout of TikTok
Washington, US - Former US Treasury Secretary Steven Mnuchin on Thursday said he is putting together a team of investors to...
- Mnuchin, former US Treasury Secretary, said that TikTok was "a great business and I’m going to put together a group to buy" the embattled app.
- "This should be owned by US businesses. There’s no way that the Chinese would ever let a US company own something like this in China," Mnuchin said.