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Bosch to cut 13,000 jobs

This is a blow to Germany's ailing car sector.

Aldar ups stake in Aldar Estates

Acquires Modon Holding’s 17.45% stake

Oracle shares up 35%

Huge AI contracts lead to the surge.

ADCB to raise $1.66bn

The rights issue aimed at boosting growth.

EGA H1 revenue $4.11bn

Net profit before GAC $445 million.

Dozens of Iraqi policemen arrested after convict escapes custody

BAGHDAD, IRAQ - A former Iraqi religious official convicted of corruption has escaped police custody, prompting the arrest of more than...
  • Saad Qambash was once head of Iraq's Sunni Waqf, and had been jailed for four years earlier this month for fraud.
  • Investigating authorities had uncovered "documents" as evidence leading to the arrest of those involved.

Civil Society groups under ‘severe restrictions’ in Libya, says HRW

TRIPOLI, LIBYA - Libyan authorities have imposed "severe restrictions" on local and international civil society groups, obstructing their work in the...
  • The rights watchdog said authorities must take step like adoption of a "civil society organization law that guarantees the right tot freedom of association."
  • Human Rights Watch called for a reform of the penal code, and “redefining criminal acts to exclude peaceful exercise of the right to express opinions."

Turkey president Erdogan’s chief rival defends Kurds ahead of vote

ISTANBUL, TURKEY -  President Recep Tayyip Erdogan's chief rival in next month's election defended Kurdish rights on Tuesday and accused the...
  • Kemal Kilicdaroglu leads a six-party alliance that is posing one of the stiffest electoral challenges of Erdogan's two-decade rule.
  • Kilicdaroglu's comments followed weeks of attempts by Erdogan to link the opposition with Kurdish militants fighting the Turkish state.

Arab nations gather to discuss ending Syria’s long isolation

Arab countries gathered in Jeddah on Friday to discuss ending Syria's long spell in the diplomatic wilderness as regional relations...
  • The Jeddah meeting is one of a flurry of initiatives following Saudi Arabia and Iran's landmark announcement on March 10 that they would resume ties.
  • Although the Arab League takes decisions by consensus, unanimous agreement is unlikely, said a Riyadh-based diplomat who declined to be identified.

Prominent Iraqi cleric Sadr ‘freezes’ rank and file movement

Iraqi cleric Moqtada Sadr, an influential player in national politics, said he was "freezing" for a year his powerful movement...
  • Sadr has repeatedly taken supporters and opponents by surprise with major announcements on social media.
  • The freezing of the movement would not affect religious activities and an institution dedicated to his father's legacy.

Trump to appear in New York court to face historic criminal charges

Amid tight security in New York City, the 76-year-old former president will make an unprecedented appearance before a New York...
  • Trump will learn at his arraignment what charges he faces over hush money paid to a porn star before the 2016 election
  • The former American president is likely to be fingerprinted and possibly photographed, which would result in an all-time famous mug shot

Opposition demands explanation on Tunisian president’s ‘absence’

TUNIS, TUNISIA - Tunisia's main opposition coalition pressed the government on Monday to explain days-long public "absence" of President Kais Saied,...
  • The lack of statements or videos has sparked rumors over the state of Tunisian President Kais Saied's health.
  • Saied last year rammed through a constitution giving his office unlimited powers and neutering parliament.

UAE President names new Vice President and Crown Prince of Abu Dhabi

The appointments signal a new phase in the UAE's leadership and its commitment to pursuing economic growth and development while...
  • Sheikh Mohamed appointed Sheikh Mansour bin Zayed as Vice President and Sheikh Khaled bin Mohamed as Crown Prince of Abu Dhabi
  • The president also named Sheikh Tahnoun bin Zayed and Sheikh Hazza bin Zayed as Deputy Rulers of Abu Dhabi

Tunisia swears in new parliament with truncated powers

Tunisia inaugurated a new parliament largely stripped of its powers, after a vote that saw a paltry turnout amid boycotts...
  • The new parliament was elected after a new constitution was passed in a July 25, 2022 referendum granting President Kais Saied unchecked powers.
  • The referendum was held exactly a year after he froze the previous legislature and dismissed Tunisia's government, before assuming wide-ranging powers.

Key Iran opposition figure calls for fundamental change

TEHRAN, IRAN - One of Iran's main opposition figures, Mir Hossein Mousavi, has called for the "fundamental transformation" of a political...
  • Mousavi proposed holding a free and healthy referendum on the need to change or draft a new constitution.
  • An unsuccessful presidential candidate in 2009, Mousavi made allegations of large-scale fraud in favor of populist incumbent Mahmoud Ahmadinejad.

Trump wins White House in stunning comeback

The polarizing Republican's win, following one of the most hostile campaigns in modern US history, was all the more remarkable...

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UAE president, rulers of Emirates celebrate flag day

Abu Dhabi, UAE -- The UAE President Sheikh Mohamed bin Zayed Al Nahyan and the Supreme Council Members, rulers of the Emirates,...

195 die in Israel strikes on Gaza camp, hundreds wounded

The Hamas government in Gaza said that 195 people had been killed in Israeli strikes this week on Jabalia refugee...

Tunisian opposition leader to spend more time behind bars

Tunis, Tunisia - The leader of Tunisian opposition party Ennahdha, Rached Ghannouchi, 82, had his jail sentence on terrorism-related charges raised...

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Thousands rally in support of Gaza across Egypt, says media

CAIRO, EGYPT – Tens of thousands of protesters rallied across Egypt in support of war-torn Gaza on Friday, with large crowds...
  • Several thousand packed into Tahrir Square, the epicentre of the 2011 uprising that toppled long-time autocrat Hosni Mubarak.
  • Media reports said rallies took place in other Egyptian cities on day 14 of Israel's bombardment of Gaza following Hamas's attack on October 7.

Russia ready to discuss Turkey’s idea about guarantors for Israel, Palestine, says Lavrov

PYONGYANG, NORTH KOREA - Russia is ready to discuss and consider Turkey’s initiative to establish a guarantor system in the...
  • According to the Russian foreign minister, the initiative is driven by the intention to de-escalate things and bring the situation back to normal.
  • He said that the Turkish initiative is rooted in the desire to ensure a balance of interests, rather than favoring one party.

Iran says time running out for political solution in Gaza war

TEHRAN, IRAN - Iran on Monday said time was running short to reach a political solution in the Israel-Gaza conflict, warning...
  • Iranian President Ebrahim Raisi on Monday held phone calls with his Russian and Turkish counterparts.
  • During his phone call with Russian President Vladimir Putin, Raisi warned of a "possibility of expanding the scope of war and conflict to other fronts".