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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.

Why is Bahrain pursuing unconventional path of diversification?

Gulf Cooperation Council (GCC) nation Bahrain is pursuing the path of diversification and has been able to diversify its economy...

‘JCPOA’; how US’ withdrawal scripts economic instability, geopolitical flux

The recent move of the US president Donald Trump, intended to terminate the 2015-nuclear pact with Iran, has further escalated...

A weighting game: Russia’s balancing act in the Middle East

In 1978, Egyptian journalist Mohamed Heikal declared in his book Sphinx & Commissar that Soviet influence in the Middle East...

Bahrain on path of reforming public, private entities

Newly discovered oil and gas reserves announced last month by Bahrain open massive economic opportunities for the kingdom at a...

Continued Downfall of Slim Riahi

For Slim Riahi, the fall of 2017 is gradually turning into a nightmare. It’s clearly his black autumn. Coming under...

Turkey’s march toward defense self-sufficiency

Turkey is stepping up its investments in its defense industries, aiming to reduce its dependence on imports and insulate the...

Why Arab world is sceptic over the future of JCPOA

By Gareth Smyth In the same week during which US President Donald Trump replaced Secretary of State Rex Tillerson with...

Saudi Arabia; fostering global ties, winning local confidence

By Al Emid The Kingdom of Saudi Arabia has undergone significant transformations in the relatively recent past. In 1927, the...

Why Lebanon is pinning hopes on 2018 to revive fortunes?

By Gareth Smyth When Lebanese Prime Minister Saad Hariri took to Saudi television in November to resign and accuse the...

Saudi Vision 2030: What’s next?

By Gianmario Pisanu In 2015, the Kingdom of Saudi Arabia launched Vision 2030, an ambitious reform plan aimed at diversifying...

Leader of US Senate calls for election in Israel

The leader of the US Senate called for Israel to hold new elections in the most strident criticism yet by...

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Former Israeli PM testifies in Benjamin Netanyahu graft trial

JERUSALEM -  Israeli opposition leader Yair Lapid on Monday testified at a Jerusalem court in Prime Minister Benjamin Netanyahu's ongoing...

George Soros hands over control of his $25bn empire to son Alexander

Billionaire investor George Soros had handed over control of his US$25 billion empire to his younger son Alexander Soros -...

Syrian leaders want UN to re-begin talks with President Assad

Syria's opposition urged the resumption of moribund United Nations-sponsored talks with the regime of President Bashar al-Assad, who has returned...

Most Read

Danish, two Austrian-Iranian citizens freed by Iran

Iran released one Danish and two Austrian-Iranian citizens it had been holding after mediation by Oman, and they are being...
  • Thanking Belgium, Austrian Foreign Minister Alexander Schallenberg said, "Our years of diplomatic efforts to secure their release have borne fruit."
  • The Danish man, who was not immediately identified, had been arrested in Iran in November 2022 on the sidelines of a demonstration for women's rights.

Court in Lebanon accuses Hezbollah men of killing UN peacekeeper

A military judge has accused five members of the Iran-backed Hezbollah group, only one of whom is in custody, of...
  • Footage from surveillance cameras near the scene of the incident "clearly shows the patrol being attacked by armed men from all sides", the court document read.
  • Hezbollah has repeatedly denied involvement in the incident, and its security chief Wafic Safa has described the killing as "unintentional".

Extension of Kurdish parliament unconstitutional, says Iraq supreme court

Iraq's supreme court ruled as unconstitutional the extended mandate of autonomous Kurdistan's parliament, rendering invalid votes taken by the chamber...
  • The president of the top federal court in Baghdad, found unconstitutional the year-long extension of the chamber's mandate.
  • As a result, decisions taken by the Kurdistan parliament since October 2022 "are constitutionally invalid", the judge said.