S.Africa says Israel war undermining top UN court
South Africa's top diplomat accused Israel of setting a precedent for leaders to defy the top UN court, as she...
Geostrategy
Attack on Gaza’s Rafah inevitable, says Israeli PM
Israeli Prime Minister Benjamin Netanyahu vowed to send ground forces into Gaza's southern Rafah city. The right-wing premier, whose security...
Geostrategy
Geostrategy
Blast wounds four US troops in Syria, IS leader killed, says military
WASHINGTON, US - An explosion wounded four American military personnel during a raid that killed a senior Islamic State (IS) group...
- US leads an international coalition battling IS and conducts periodic raids and strikes targeting the group.
- The US troops and the dog are being treated at an American medical facility in Iraq.
Business
Hermes 2022 net profit $3.6bn
Fashion house posted huge earnings despite inflation.
- Sales rose 29 percent to US$12.3 billion at current exchange rates.
- Hermes said its sales rose by 30.7 percent in the Asia-Pacific region, excluding Japan, in the last three months of 2022.
Business
Centrica 2022 profit US$4bn
Firm's profit rose due to gas and crude oil prices spike.
- Britain's government of Prime Minister Rishi Sunak is temporarily subsidizing electricity and gas bills this winter.
- Centrica expanded its stock buyback scheme to hand another $360 million to shareholders.
Geostrategy
COP28 host UAE vows ‘inclusive roadmap’ for climate talks
Rights group Amnesty International has said Sultan Al Jaber is "unfit" for the COP28 presidency, being the CEO of state-owned...
- Al Jaber told a summit event that as "president, I will lay out a roadmap for COP28 that is inclusive, results-oriented and... very far from business as usual".
- Al Jaber, 49, is also the UAE's minister of industry and advanced technology and head of a leading renewable energy firm. He is the first CEO to lead the summit.
UN admits aid failure for Syria as quake toll hits 33,000
Supplies have been slow to arrive in Syria, where years of conflict have ravaged the healthcare system, and parts of...
- A UN convoy with supplies for northwest Syria arrived via Turkey, but the agency's relief chief Martin Griffiths said much more was needed for millions whose homes were destroyed
- Bab al-Hawa is the only point for aid to reach people in rebel-held areas of Syria after nearly 12 years of civil war, after other crossings were closed under pressure
Market Report
Stocks steady, dollar higher on US rate-hike expectations
Stock markets largely steadied and the dollar rose with traders forecasting US interest rates to keep climbing following last week's...
- January's rally for equities was halted as investors contemplate an extended period of high borrowing costs.
- Leading Asian stock markets and London managed gains Tuesday after all three main indices on Wall Street kicked off the week with losses.
At least 20 escape Syria prison holding IS inmates after quake
The British-based Syrian Observatory for Human Rights war monitor said it could not verify whether prisoners had escaped, but confirmed...
- The military police prison in the town of Rajo near the Turkish border holds about 2,000 inmates, with about 1,300 of them suspected to be IS fighters
- The 7.8-magnitude quake - which was followed by dozens of aftershocks in the region - caused damage to the prison, with walls and doors cracking
Business
UAE tops globally in tertiary education
For the 12th year in a row, Switzerland leads the ranks on the Global Innovation Index. South Korea was the...
- The 2022 GII says it tracks the most recent global innovation trends against the background of the pandemic, slowing productivity growth and other evolving challenges.
- It looks at whether stagnation and low productivity growth are here to stay, or whether we are about to enter a new era, where new innovation spurts.
Geostrategy
UN chief calls for building alliance of peace on International Day of Human Fraternity
NEW YORK, US - On the occasion of the International Day of Human Fraternity, the UN chief Saturday called for...
- The International Day of Human Fraternity celebrates values that hold our human family together, UN Secretary-General António Guterres said.
- Let us all take inspiration and renew our commitment to stand together as one human family, the UN chief said.
Geostrategy
UAE participates in G20’s sustainable finance working group meeting for 2023
ABU DHABI, UAE - The UAE recently participated in the first Sustainable Finance Working Group (SFWG) meeting within the G20...
- The meeting, held at Guwahati, India, sought to discuss and agree on the group’s main points for 2023 in line with the priorities of the Indian Presidency.
- G20 members, invited countries, sustainable finance working group country members, international organization like IMF also attended the meeting.
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
S.Africa says Israel war undermining top UN court
South Africa's top diplomat accused Israel of setting a precedent for leaders to defy the top UN court, as she...
Geostrategy
Company News
Latest News
Fertiglobe Q3 revenue of $525m
Business
Russia extends ban on entry of trucks from EU, UK, Norway, Ukraine
MOSCOW, RUSSIA - The Russian government has extended the ban on the entry of trucks from the European Union, the...
Geostrategy
UN General Assembly approves US$3.59bn budget for 2024
NEW YORK, US - The United Nations General Assembly (UNGA) approved a US$3.59 billion budget for 2024, including establishing a...
Geostrategy
Iran slams UN for its failure to stop Israel-Hamas war in Gaza
Iranian President Ebrahim Raisi slammed the "inefficacy" of international bodies to halt fighting between Israel and Palestinian group Hamas which...
Geostrategy
Most Read
EU reaches agreement on reforming bloc’s migration laws
Spain, which chaired the lengthy negotiations in its role holding the EU presidency, said on X, formerly Twitter: "A political...
- The reform includes speedier vetting of irregular arrivals, creating border detention centres, and accelerated deportation for rejected asylum applicants
- The accord still needs to be formally approved by the European Council, representing the 27 EU member countries, and the European Parliament before it enters the bloc's lawbooks
Market Report
Oil prices rise following Red Sea attacks
Oil prices shot up three percent as more companies suspended shipping through the Red Sea following attacks on vessels by...
- Yemen's Iran-backed Houthi rebels said on Monday that they had attacked two "Israeli-linked" vessels in the Red Sea..
- Ships must travel through the Red Sea to use the Suez Canal, a key transit route for cargo and oil..
Geostrategy
Maritime agencies report explosion off Yemen coast
Dubai, UAE - A "possible explosion" struck a key shipping lane off Yemen on Monday, two maritime agencies said, the latest...
- The British military’s United Kingdom Maritime Trade Operations issued a warning of a potential explosion striking near a vessel passing through the Bab al-Mandeb strait.
- "The captain reported... the 'explosion' occurring two nautical miles off one of the vessel's quarters while it was transiting," said maritime security firm Ambrey.