Putin vows retribution on Moscow concert hall attacks, as toll rises
Russian President Vladimir Putin vowed to punish those behind a "barbaric terrorist attack" on a Moscow concert hall that killed...
Geostrategy
Poorer countries need money before raising climate targets, says COP29 head
Copenhagen, Denmark - Developing countries should not have to set stricter targets for cutting their carbon emissions before funds are available...
Geostrategy
Geostrategy
Iran’s president criticizes US presence in Middle East
Iran's President Ebrahim Raisi slammed the United States' presence in the Middle East, as he hosted his counterpart from neighboring...
- The US has 2,500 non-combat troops in Iraq to provide it with advice and training.
- About 900 US troops remain in Syria, most in the Kurdish-administered northeast.
Market Report
Global stocks rise despite data showing US economic slowdown
Wall Street stocks pushed higher despite data that showed US economic growth is slowing, which raised fresh questions about interest...
- The first quarter growth figure adds to lackluster US consumer confidence data which has deepened worries about a broader recession.
- Yields on US government debt rose after the data was released and also reported a drop in weekly jobless claims.
Geostrategy
UAE urges UN Security Council to resolve conflicts through dialogue
NEW YORK, US - UAE Minister of State Khalifa Shaheen Al Marar urged United Nations Security Council members to peacefully...
- The UAE calls upon UNSC to bring peaceful resolution to conflict and crises, from Sudan to Ukraine.
- UAE says it is imperative to promote dialogue and cooperation among nations to address challenges.
Geostrategy
Russia hosts talks for normalizing ties between Syria, Turkey
Russian Defense Minister Sergei Shoigu hosted four-way talks aimed at normalizing ties between Ankara and Damascus, which were severed at...
- Russia stressed the importance of countering "the fight against all extremist groups in Syria".
- All participants "reaffirmed their respect for Syria's territorial integrity", the Turkish defense ministry said.
Business
Novartis Q1 profit at $2.3bn
Heart disease, cancer medicines helped enhance revenue.
- Novartis said that its operating profit would likely increase in the high single-digits this year.
- The group would prioritize "high-value" medicines" across five core areas to drive its productivity.
Geostrategy
India to become world’s most populous nation this week, says UN
India will overtake China as the world's most populous country in the coming week, hitting almost 1.43 billion people, the...
- India is topping China due to both rapid growth in its own population and a decline in China's after hitting 1.426 billion last year.
- China is expected to decline steadily to around one billion people by the end of this century, according to UN projections.
Geostrategy
UN chief calls for ceasefire in Sudan, says conflict may affect region
Foreign nations pushed with evacuations of their citizens from Sudan which, the UN chief warned, is "on the edge of...
- The US, European, Middle Eastern, African and Asian nations have launched emergency missions to bring to safety their citizens from Sudan.
- At least 427 people have been killed and over 3,700 wounded, as per UN agencies, which said Sudanese civilians fleeing the affected areas.
Geostrategy
Australia sets in motion largest defense renovation in decades
Australia launched its biggest defense overhaul in decades, vowing to turn a military that is "no longer fit for purpose"...
- The biggest changes may be felt in the Australian army, which will now have a sharper focus on coastal defense.
- Australia's military will develop the ability to strike from air, land and sea, strengthen northern bases and recruit more troops.
Business
HFZA showcases Sharjah as attractive investment destination at India Steel 2023
SHARJAH, UAE - India is among the UAE's most significant investment partners, with substantial mutual investments. Iron and steel rank...
- Iron and steel rank among the top commodities exported from the UAE to India.
- India is among UAE's most vital trade partners, with substantial mutual investments.
Economy
Collective action required for food security, says FAO
MIYAZAKI, JAPAN - With hunger levels rising and food prices soaring in most of the world, collective actions are necessary...
- Trade continues to be key for global food security and all nations must commit to well-functioning markets and transparency, FAO said.
- "We need to work together in an efficient, effective and coherent manner to identify the solutions," FAO added.
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
Putin vows retribution on Moscow concert hall attacks, as toll rises
Russian President Vladimir Putin vowed to punish those behind a "barbaric terrorist attack" on a Moscow concert hall that killed...
Geostrategy
Company News
Latest News
Shell halts Red Sea shipments over attack fears, say report
WASHINGTON, US - British oil giant Shell has paused transit through the key Red Sea shipping route indefinitely, over fears of...
Geostrategy
Emirates to recruit 5,000 crew members in 2024
DUBAI, UAE – Emirates will hire 5,000 people as it awaits the arrival of its fleet of Airbus A350s. The airline...
Business
Turkish strikes leaves hundreds of Syrian villages without electricity
Qamishli, Syria - Hundreds of northeast Syrian villages and towns have lost power after Turkish strikes pounded electricity stations and infrastructure,...
Geostrategy
Most Read
Business
Global personal computer shipments decline 14.8 percent in 2023
DUBAI, UAE - Worldwide PC shipments totaled 63.3 million units in the fourth quarter of 2023, a 0.3 percent increase...
- PC shipments reached 241.8 million units in 2023, a 14.8 percent fall from 2022.
- This is the first time that shipment volume has dipped below 250 million since 2006.
Economy
Saudi Arabia to highlight role in dealing with global challenges at WEF meet
RIYADH, SAUDI ARABIA – Minister of Industry and Mineral Resources Bandar Ibrahim Alkhorayef said that the Kingdom’s participation in the...
- Saudi Arabia’s participation in the annual meet underscores its pivotal role in the transition toward carbon neutrality.
- The Kingdom’s engagement provides an opportunity for communication with key players in the private sector globally.
Geostrategy
Yemen’s Houthi rebels have built a significant arsenal
DUBAI, UAE - Yemen's Houthi rebels, who vowed to retaliate against US and British strikes early on Friday against key military...
- Iran-backed Houthis have carried out a spate of attacks in the Red Sea, claiming to be targeting ships with Israeli links.
- The Houthis have been steadily developing their military capabilities since 2014, when they seized the Yemeni capital Sanaa.