Investments rise in data, AI, outpacing physical assets: UN
Geneva, Switzerland - The purchase of physical assets was eclipsed last year by a surge in investment in intangible items...
Geostrategy
Iran FM holds talks with Saudi Crown Prince after Tehran’s ceasefire with Israel
Saudi Prince Mohammed bin Salman said his country hoped the truce would contribute to regional stability, and emphasised Riyadh's position...
Geostrategy
Business
Tokyo equities open lower as recession fears persist
Tokyo stocks opened lower Wednesday after a mixed close on Wall Street as lingering recession fears caused a rout on...
- In New York, the Dow fell as recession fears pounded petroleum-linked equities, but tech shares rallied, with markets eyeing the possibility of smaller interest rate hikes
- The dollar fetched 135.57 yen in early Asian trade, against 135.87 yen in New York on Tuesday
Geostrategy
Libya’s presidential council announces plan to end crisis
Libya's Tripoli-based Presidential Council on Tuesday announced a plan to extract the country from its latest political crisis and hold...
- The council did not provide details, but said the plan would "preserve Libya's national unity, end the spectre of war (and) put an end to foreign intervention".
- Presidential and legislative elections were originally scheduled for December 2021 to cap a UN-sponsored peace process following the last round of large-scale fighting.
Business
Shell joins Qatar gas project
Shell is the fifth and final international partner in the North Field expansion.
- The British-based company took a 6.25 percent stake for an undisclosed sum, joining TotalEnergies, Eni, ConocoPhillips and ExxonMobil in the North Field East project.
- The North Field expansion is the biggest liquefied natural gas (LNG) project ever seen, Qatar Energy said. It comes at a time of intense geopolitical tensions over energy supplies.
Business
Doha vows to complete building work before start of World Cup
Building work in Qatar's capital Doha, host of the 2022 World Cup, will be completed "well before the tournament", the...
- The two days seminars will brief the qualified team staff of Qatar World Cup on logistics, security, playing conditions and refereeing
- Representatives of the qualified nations can observe the preparation of stadiums for FIFA 2022 and can also visit training grounds ahead of the tournament's opening
Business
Qatar has a new fixation: eSports
World Cup host Qatar doesn't just have its sights set on football -- it also hopes to harness its people's...
- A digital army is at the ready in the gas-rich emirate, where many "majlis" rooms -- communal gathering places attached to homes -- have long doubled as video game hubs for friends
- Samha is head of eSports projects at Virtuocity, Qatar's first dedicated gaming complex which was set up in 2019
Business
IEA says gas use to shrink due to high prices, Russian cuts
Gas consumption will contract slightly this year due to high prices and Russian cuts to Europe, with only slow growth...
- The IEA said additional green energy transition measures would ease pressure on gas prices globally
- European nations are importing more LNG shipped by tanker, which the IEA said is creating supply tensions
Geostrategy
Sudan’s coup leader says army stepping back for civilian govt
The decision was taken "to make room for political and revolutionary forces and other national factions" to form a civilian...
- The decision was taken "to make room for political and revolutionary forces and other national factions" to form a civilian government
- Widespread international condemnation and aid cuts followed the putsch, the latest in the impoverished northeast African country
Economy
Tunisia struggles to grow more wheat to prevent food shortage
Tunisian farmer Mondher Mathali surveys a sea of swaying golden wheat and revs his combine harvester, a rumbling beast from...
- The small North African country, like its neighbors, is desperate to prevent food shortages and social unrest
- Tunisia's wheat production has suffered from years of drought and a decade of political instability
Business
Israel PM to seek French intervention in gas row with Lebanon
Israeli Prime Minister Yair Lapid makes his first foreign trip as premier on Tuesday to Paris, where he will ask...
- Lebanon rejects Israel's claim that the Karish gas field lies within its territorial waters
- Lapid took over the premiership on Friday following the collapse of Israel's coalition government
Geostrategy
Morocco puts migrants on trial for attempt to cross into Spain
The trial of 36 migrants accused of "illegally entering" Morocco started Monday but was immediately halted, lawyers said, days after...
- The hearing came 11 days after at least 23 migrants died during a mass attempt to enter Spain's Melilla enclave on Morocco's northern coast
- Another 29 migrants, including a minor, face a court hearing on July 13 on charges of "joining a criminal gang to organize and facilitate illegal immigration"
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
Investments rise in data, AI, outpacing physical assets: UN
Geneva, Switzerland - The purchase of physical assets was eclipsed last year by a surge in investment in intangible items...
Geostrategy
Company News
Latest News
Red Sea crisis reduces Ramadan cheer for war-torn Yemen
Ramadan, when Muslims break their day-long fasts with large evening meals, usually means brisk business for Yemen's shops. But in...
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...
Geostrategy
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...
Business
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Geostrategy
US sanctions five Israeli entities including three settlers in West Bank
Washington, US - The United States sanctioned three Israeli settlers and two farming outposts on Thursday, accusing them of being involved...
- "Today, we are taking further action to promote accountability for those perpetuating violence and causing turmoil in the West Bank," a US official said.
- The US Treasury Department website showed that the three sanctioned individuals, Zvi Bar Yosef, Neriya Ben Pazi and Moshe Sharvit were Israeli citizens in West Bank.
Geostrategy
Leader of US Senate calls for election in Israel
The leader of the US Senate called for Israel to hold new elections in the most strident criticism yet by...
- “As a democracy, Israel has the right to choose its own leaders, and we should let the chips fall where they may,” Chuck Schumer said.
- He said that Netanyahu was one of four "major obstacles" to a two-state solution.
Geostrategy
UN probe: ‘No exchange of fire’ before Israel shelled media in Lebanon
Two Israeli shells hit the group in quick succession as they were working near the border village of Alma al-Shaab...
- UNIFIL's investigation found that as there was no exchange of fire at the time of the incident, "the reason for the strikes on the journalists is not known".
- An AFP probe into the attack, jointly conducted with Airwars, an NGO that probes attacks on civilians in conflict situations, pointed to a tank shell only used by Israeli army.