Search Site

Trends banner

Geostrategy

Tesla Q2 sales down 13.5%

Shares rally after the disclosure, better than some forecasts.

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

UN to vote on calling for unconditional Gaza ceasefire

Like the text blocked by Washington to protect its Israeli allies, the draft resolution before the General Assembly calls for...

The most eye-catching products at Vivatech fair

For humans, spotting the difference between a Lacoste polo shirt and a fake sporting the brand's crocodile logo can be...
  • olumn-shaped robots from Hong Kong firm Robocore can serve as mobile ad billboards -- but for now are mostly deployed for medical purposes in hospitals and retirement homes.
  • French startup Aemotion's four-wheeled electric vehicle is designed to weave through traffic, saving commuters time spent in jams.

Israel urges Egypt to block Gaza-bound activist convoys

Israel's defence minister on Wednesday called on Egypt to block two pro-Palestinian activist convoys planning to head to Egypt's Rafah...
  • Katz added that such actions "would endanger the safety of (Israeli) soldiers and will not be allowed."
  • Egypt said on Wednesday that it backs efforts to put "pressure on Israel" to lift its blockade on Gaza

Gaza rescuers say Israel fire near aid centre kills 31

The Gaza civil defence agency said Israeli forces opened fire on people waiting to enter a US-backed food distribution centre...
  • There have been a series of deadly shootings since the Gaza Humanitarian Foundation (GHF) first opened aid distribution points in the Palestinian territory on May 27
  • The UN Office for the Coordination of Humanitarian Affairs said on Tuesday that "Israeli military operations have intensified in recent days, with mass casualties reported."

Iran says to target US bases if conflict breaks out

"All its bases are within our reach, we have access to them, and without hesitation we will target all of...
  • Tehran and Washington have held five rounds of talks since April to thrash out a new nuclear deal to replace the 2015 accord
  • Since returning to office in January, Trump has revived his "maximum pressure" campaign on Tehran, backing nuclear diplomacy but warning of military action

Nvidia marks Paris tech fair with Europe AI push

Paris, France -- Drawing high-powered tech CEOs and a presidential visit, the Vivatech trade fair opened in Paris on Wednesday...
  • Nvidia boss Jensen Huang also lso announced a multi-billion-dollar partnership with French AI champion Mistral AI.
  • The US firm's tie-up with Mistral will see the companies build a cloud computing platform powered by 18,000 of Nvidia's "Blackwell" high-end chips worth billions.

Tehran readies counter-proposal as Iran-US nuclear talks set to resume Sunday in Muscat

Iran has said it will present a counter-proposal to the latest draft from Washington, which it had criticised for failing...
  • It came as European powers and the United States submitted a censure motion to the UN's nuclear watchdog in an effort to ramp up pressure on Iran
  • Iran has said it will present a counter-proposal to the latest draft from Washington, which it had criticised for failing to offer sanctions relief

MENA brief Jun 11: Umrah returns, ADGM surges, Abu Dhabi property market up

China has extended visa-free entry for up to 30 days to citizens of Saudi Arabia, Oman, Kuwait, and Bahrain—boosting bilateral...
  • Mashreq Bank’s debut $500 million sukuk listed on Nasdaq Dubai under its $2.5 billion program offers a 5.03 % profit yield.
  • Nigeria’s planned $5 billion oil‑backed loan with Saudi Aramco is stalled amid falling Brent crude prices and production constraints.

Israel deports Greta Thunberg after intercepting Gaza-bound aid boat

Tel Aviv, Israel - Campaigner Greta Thunberg arrived home in Sweden late Tuesday, after Israel detained her and other activists aboard...
  • Of the 12 activists on board the Madleen, which was carrying food and supplies for Gaza, four including Thunberg agreed to be deported immediately
  • The remaining eight were taken into custody after they refused to leave Israel voluntarily, and brought before a detention review tribunal on Tuesday

‘What wrong did he do?’ Gaza family mourn three-year-old shot dead

Gazan mother Amal Abu Shalouf ran her hand over her son's face and hair, a brief farewell before a man...
  • "Amir, my love, my dear!" cried his mother, struggling to cross the crowded courtyard of Nasser Hospital in Khan Yunis
  • The grieving mother, comforted by relatives, said her young son had been begging for food in recent days and dreaming of a piece of meat

US halting some shipments of military aid to Ukraine

The White House said Tuesday it is halting some key weapons shipments to Ukraine that were promised under the Biden...

Company News

Latest News

Iran lawmakers back suspending cooperation with UN nuclear watchdog

Tehran, Iran -- Iranian lawmakers voted Wednesday in favor of suspending cooperation with the United Nations' atomic energy watchdog, state...

Trump sees ‘progress’ on Gaza, raising hopes for ceasefire

"I think great progress is being made on Gaza," Trump said, adding that his special envoy Steve Witkoff had told...

What does NATO’s 5% spending deal really mean?

The Hague, Netherlands - NATO leaders are set to sign off Wednesday at their Hague summit on a defence spending...

Most Read

US intel says Iran nuclear sites not destroyed, only set back by a few months

Trump rejected that claim on Tuesday, posting on his Truth Social account that “the nuclear sites in Iran are completely...
  • Trump rebuffed that claim on Tuesday, posting on his Truth Social account that "THE NUCLEAR SITES IN IRAN ARE COMPLETELY DESTROYED!"
  • White House Press Secretary Karoline Leavitt had previously confirmed the authenticity of the assessment but said it was "flat-out wrong".

Israel kills 46 Gazans waiting for aid as hostage families call for end to war

Civil defense spokesman Mahmud Bassal told AFP that 21 people were killed and around 150 wounded by Israeli fire near...
  • The territory of more than two million people is suffering from famine-like conditions after Israel blocked all supplies from early March to the end of May.
  • France condemned what it called deadly "Israeli fire" against civilians in a statement from the foreign ministry apparently referring to the Netzarim corridor incident.

Oil slides, stocks rise as Iran-Israel ceasefire holds

The main international and US oil contracts briefly bounced off their lows as Israel and Iran accused each other of...
  • Prices were also brought down by Trump saying that China could continue to buy oil from Iran, in what appeared to be relief from sanctions Washington had previously imposed.
  • There was also relief that Iran has refrained from closing the strategic Strait of Hormuz, a chokepoint for about one-fifth of the world's oil supply.