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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.

Israel PM vows action as police Pegasus spying scandal widens

The latest bombshell from business daily Calcalist alleged that Pegasus was used against a son of former premier Benjamin Netanyahu...
  • Calcalist had previously reported that the controversial malware was used by police against leaders of an anti-Netanyahu protest movement.
  • Pegasus is at the center of a months-long international scandal following revelations that it was used by governments worldwide to spy on activists, politicians, journalists.

Italy re-elects Mattarella as president, averts political chaos

Mattarella has already served a tumultuous seven-year term, during which he has sought to be a unifying figure through five...
  • Italy's political parties Saturday voted overwhelmingly for outgoing President Sergio Mattarella to remain for another term
  • The former constitutional court judge had repeatedly ruled out serving for a second term but gave in as the parties failed to find another candidate

Erdogan vows punishment over alleged insult by journalist

"This offence will not go unpunished," Erdogan said in an interview aired on private television channel NTV.
  • "This offence will not go unpunished," Erdogan said in an interview aired on private television channel NTV
  • Police detained Sedef Kabas at her home at 2:00 am on Saturday, just hours after she aired the comments and then posted them on Twitter to her 900,000 followers

Iraq’s top court confirms re-election of parliament speaker

Iraq's top court on Tuesday confirmed the re-election of Mohammed al-Halbussi as parliament speaker, following appeals against its conduct, paving...
  • Two lawmakers had appealed Halbussi's re-election as speaker, a position historically reserved for Iraq's Sunni Arab minority
  • The ruling will allow the resumption of parliament sessions, and along with them deliberations over the selection of a new president

Israel probes alleged police cyber-spying on citizens

Pegasus, a surveillance product made by the Israeli firm NSO that can turn a mobile phone into a pocket spying...
  • In a letter sent to police commander Koby Shabtai, Attorney-General Avichai Mandelblit asked to receive all wiretapping and computer spying orders from 2020 and 2021
  • The Israeli business daily Calcalist reported Thursday that Israeli police used Pegasus software to spy on an Israeli they considered a potential threat

Libya’s parliament speaker calls for new government

A presidential election was due to take place on December 24, followed by legislative polls, but the UN-sponsored electoral process...
  • Speaker Aguila Saleh said during a parliamentary session, in the eastern port city of Tobruk, that a new government must be formed
  • The call comes as the UN urged Libya's political factions and parties to hold safe, inclusive, and credible polls as soon as possible

Reports saying Lebanon president ordered bank raids baseless: Press Office

The Lebanon Presidency Press Office denied the information broadcasted by Al-Jadeed TV on Sunday evening, which claimed that the President...
  • The President's Press Office said this news is fabricated and baseless.
  • The Press Office also denied reports about a meeting held at Baabda Palace.

Turkey president eyes youth support ahead of 2023 election

Analysts think politically diverse Gen Z voters hold one of the keys to Erdogan's tricky path to presidential re-election.
  • Unlike the youth of 2002, today's teens appear more tempted to blame his government for their woes
  • These include runaway inflation, a battered currency, and an economy where more than 40 percent earn the minimum wage

Tunisia launches national consultation to make new constitution

Eligible topics include electoral, economic, financial, social, developmental, health, education and cultural affairs.
  • The move is part of a reform package pushed by President Kais Saied
  • The exercise calls on citizens to send in suggestions and will last until March 20

Iraqi minister sacks local police chief after deadly operation

The operation took place Thursday when rapid intervention units and intelligence forces sought to storm a house in the village...
  • The operation took place Thursday when rapid intervention units and intelligence forces sought to storm a house in the village of Al-Rashayed in the central Iraqi province
  • In a brief initial statement, security forces said they had "pursued two individuals accused of terrorism" who "opened fire indiscriminately" once surrounded

Unnerved and exposed, Trump struggles to regain campaign mojo

Washington, United States - Donald Trump has never lacked for self-confidence, but his presidential campaign has been sent into a tailspin...

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Normalization of Israeli-Saudi ties hit Palestine, security barriers

Despite Israel's strong determination and increasing US mediation efforts, the establishment of diplomatic relations between Tel Aviv-Riyadh still face serious...

Dozen injured after skirmish between Israeli police, Eritrean protestors

TEL AVIV, ISRAEL- A dozen Eritrean asylum seekers were wounded by Israeli police gunfire here on Saturday after a demonstration against...

Nobel Foundation withdraws invitation to Russia, Belarus envoys

Ukrainian foreign ministry spokesman Oleg Nikolenko wrote on Facebook that the foundation should support efforts to isolate Russia and Belarus...

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Vignettes from first US election debate in Republican party

MILWAUKEE, US - A crowded stage of talkative Republican politicians produced a messy debate in the race to be the party's...
  • Donald Trump may have turned down his invitation to join the debate, but his influence appeared to have seeped into the clothing choices of his rivals.
  • All seven male candidates lined up wearing dark suits, white shirts and red ties - an echo of Trump's standard attire.

Egyptian President Sisi pardons jailed activist Ahmed Douma

Egyptian activist Ahmed Douma, a leading figure of the country's 2011 uprising who has spent the last decade behind bars,...
  • A court in 2019 had sentenced Douma to 15 years in prison on charges of clashing with security forces in the capital two years earlier.
  • Egypt's top appeals court later in 2019 upheld the 15-year sentence, which also included a fine of US$372,000.

Saudi Crown Prince and Iran foreign minister discuss bilateral relations

Iran's foreign minister met Saudi Arabia's Crown Prince Mohammed bin Salman during his first visit since the Middle East rivals...
  • The Iranian foreign minister called the 90-minute meeting a "direct, frank, and productive conversation".
  • The Iranian minister said the success of the region is possible by strengthening dialogue and cooperation.