Death toll in Israeli strikes on Syria climbs to 52, says monitor
Beirut, Lebanon - The death toll in Israeli air strikes on Syria has risen to 52, including 38 government soldiers and...
Geostrategy
Rise in remittances hikes demand for Jordanian dinar, says chamber of commerce
AMMAN, JORDAN – Rising remittances from the Kingdom’s citizens working abroad has contributed to increasing demand for Jordanian dinar.Exchange companies...
Economy
Arts & Culture
Cash rich Saudi football league ‘changed market’, says English club
SEOUL, SOUTH KOREA - Manchester City manager Pep Guardiola said on Saturday that the Saudi Pro League had "completely changed the...
- "The Saudi league completely changed the market," Manchester City manager Pep Guardiola said.
- City winger Riyad Mahrez this week became just the latest big name to move to Saudi football.
Geostrategy
African Union, EU step up pressure on Niger coup leaders
The African Union demanded Niger's military "return to their barracks and restore constitutional authority" within 15 days as the EU...
- The African Union and the European Union joined the chorus of international condemnation of the power grab, the latest to strike the Sahel region.
- The EU's diplomatic chief Josep Borrell said the bloc would not recognize the putschists and announced the suspension of security cooperation with Niger.
Geostrategy
Egypt calls for renewal of Black Sea grain export deal
MOSCOW, RUSSIA - Egypt's president on Friday called on Russia and Ukraine to find "urgent solutions" to allow the resumption of...
- Moscow withdrew from the agreement after protesting for months that parts of the deal that allowed for export of Russian fertilizer were not honored.
- Russia refused to extend a deal brokered by UN and Turkey, under which Ukrainian grain exports passed through the Black Sea to reach global markets.
Business
ExxonMobil Q2 profits $7.9bn
Profits fell on lower refining margins, natural gas prices.
- Natural gas prices are down sharply from the year-ago period following a mild winter.
- The comparative weakness in refinery margins reflects sluggish economic conditions.
Business
PIF sets up tourism firm Asfar
Firm Saudi Tourism Investment Company has been set up.
- The company will invest in new tourism projects and develop attractive destinations with hospitality, tourist attractions.
- The company will leverage Saudi Arabia’s unique strategic location between the three continents of Asia, Africa and Europe
Business
Tabreed H1 23 net profit $105m
New customers and projects were added in H1 2023.
- In the first half of the year, Tabreed's revenue increased by 9.4 percent YoY to US$290 million, from US$265 million in H1 2022.
- Earlier this month, Tabreed started operating the cooling infrastructure, officially commencing its first operations in India.
Business
Saudi Arabia at 16 position in Lloyd’s List 2023 rankings
RIYADH, SAUDI ARABIA - The Kingdom of Saudi Arabia was ranked 16 in annual container throughput by the 2023 edition...
- As per the industry report, container volumes across the Kingdom’s ports during 2022 were estimated at 10,439,620 TEUs.
- The Kingdom’s groundbreaking strides in the global logistics landscape boils down to a host of critical catalysts,
Business
Proton says will analyze VPN sign-ups to identify attacks on democracy
GENEVA, SWITZERLAND - Internet privacy company Proton announced Wednesday a new VPN Observatory, tracking demand for its services to detect attacks...
- Switzerland-based Proton said its new observatory would document spikes in sign-ups to its virtual private networks.
- VPNs provide a secure, encrypted connection over the internet between a user and a server, giving users greater anonymity.
Business
Nissan Q1 net profit $750m
Results due to better sales in Japan, North America.
- Sales rose 37 percent to US$20.6 billion, even as tougher competition and a sluggish post-Covid recovery hurt its performance in China.
- The auto giant raised its annual net profit forecast to US$2.4 billion from its previous estimate of US$2.2 billion, boosted in part by cost-cutting.
Rights groups urge Jordan to scrap ‘draconian’ cybercrime bill
The Jordanian government recently referred the draft bill to parliament for discussion with a view to amending a 2015 cybercrime...
- The bill would "pave the way for an alarming surge in online censorship", said a joint statement by 14 non-governmental organisations
- Statement described the bill as "draconian" and warned that it would "jeopardise digital rights, including freedom of expression"
Death toll in Israeli strikes on Syria climbs to 52, says monitor
Beirut, Lebanon - The death toll in Israeli air strikes on Syria has risen to 52, including 38 government soldiers and...
Geostrategy
Company News
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In Davos, AI excitement persists but fears over managing risks
World Economic Forum
WTO hopes to finalize fishing agreement
Geostrategy
Several nations eager to join Charter of Cooperation, says OPEC Secretary-General
ABU DHABI, UAE - Secretary-General of the Organization of Petroleum Exporting Countries Haitham Al Ghais said that OPEC is in...
Business
Saudi Arabia sends $250m to bolster Yemeni government
Saudi Arabia said it had disbursed $250 million in aid to the internationally-recognized government in Yemen. The money follows an...
Geostrategy
US teens make efforts for Jewish-Muslim dialogue in New Jersey suburb
TEANECK, US - They are only teenagers, but a pair of New Jersey high school students -- one Jewish and one...
Arts & Culture
Most Read
Science
World’s biggest flying lab comes to Asia on air pollution mission
Clark, Philippines - NASA has kicked off a series of marathon flights in Asia with the world's biggest flying laboratory, in...
- Starting this week in the Philippines, the US agency's DC-8 is flying for up to eight hours at a time, sometimes just 50 feet from the ground, to swoop up air particles for study.
- Millions of deaths each year are linked to air pollution, and improving the ability to identify its sources and behavior can lead to more accurate warning systems for the public.
Geostrategy
Law, politics hamper UK museum return of artifacts
LONDON, UK - British museums, like others across Europe, are under pressure to return artworks taken during the colonial era, including...
- Politicians have little appetite to change the legal framework that is currently blocking full restitutions by national museums, campaigners say.
- British laws dating from the 1960s and 1980s prevent national museums, such as the British Museum and the V&A, from making returning artifacts.
Science
Scientists in UK create new fusion record
LONDON, UK - Scientists in Britain announced on Thursday they had smashed a record for generating fusion energy in the final...
- Over 300 scientists and engineers from EUROfusion contributed to JET's landmark experiments over 40 years.
- Proponents believe it could one day help tackle climate change by providing an abundant, safe and clean source of energy.