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Nestle to cut 16,000 jobs

The company's shares shoot up 8%.

Multiply Group buys stake in ISEM

Multiply Group will hold 60.8% of ISEM.

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.

Human ancestor Lucy gets first European showing in Prague

Prague, Czech Republic --The 3.18-million-year-old bone fragments of human ancestor Lucy, which rarely leave Ethiopia, went on display in Prague...
  • The ancient remains of the Australopithecus afarensis were discovered in Ethiopia in 1974.
  • The find was, at the time, the most complete ever made and revolutionized the understanding of humanity's ancestors.

Expectations high as Trump, Putin set to meet at Alaska: What each side wants

In a draft peace plan published in June, Russia called on Ukraine to withdraw its forces from the Kherson, Lugansk,...
  • For Putin, who has faced years of isolation from the West since the invasion, the summit is an opportunity to press Russia's hardline demands for ending the conflict
  • In addition to territory, Russia wants Ukraine to ensure the "rights and freedoms" of the Russian-speaking population and to prohibit what it calls the "glorification of Nazism".

ADNOC Gas signs LNG deal

Will supply 0.5mmtpa of LNG to India's HPCL.
  • The LNG will be supplied from ADNOC Gas’ Das Island liquefaction facility, which has a production capacity of 6 mmtpa.
  • As the world's third longest-operating LNG plant, Das Island has shipped over 3,500 LNG cargoes worldwide since starting operations.

Chaos, Israel-aided gangs and gunfire: Gaza aid fails to reach most needy

Nearly 1,400 Palestinians have been killed in the Gaza Strip while waiting for aid since May 27, the majority by...
  • The Israeli army is also accused of having equipped Palestinian criminal networks in its fight against Hamas and of allowing them to plunder aid.
  • For more than 2 million inhabitants of Gaza the US-backed GHF has just four distribution points, which the UN describes as a "death trap".

Eight OPEC+ countries raise production by 547,000 bpd to regain market share

Iraq, United Arab Emirates, Kuwait, Kazakhstan, Algeria and Oman, along with the Saudis and Russians currently produce about 41-42 mbd.
  • Analysts said there was unlikely to be a major impact on prices, with the Brent reference oil currently selling at about $70 a barrel.
  • Oil prices have held up better than observers anticipated amid strong summer demand and a high geopolitical risk premium, notably owing to conflict between Iran and Israel.

Turkey starts supplying Azerbaijani gas to boost Syria’s power output

Istanbul, Turkey - Turkey on Saturday turned on a supply of natural gas from Azerbaijan to Syria, whose infrastructure was...
  • Syria's Islamist authorities, who toppled Bashar al-Assad in December, are seeking to rebuild the battered country where power cuts can last for more than 20 hours a day
  • A first phase of the Qatari scheme to fund gas supplies for power generation in Syria rolled out in March via Jordan and provided 400 megawatts of electricity per day

UAE begins pipeline project to ease Gaza water shortage

Jerusalem, Undefined -- The United Arab Emirates has begun construction on a major pipeline to carry desalinated water from Egypt...
  • Technical teams sent by the UAE have started transporting equipment needed for the project, the Emirati state news agency WAM reported.
  • The project would link a desalination plant in Egypt to the Al-Mawasi area along Gaza's coast and could supply about 600,000 people daily, COGAT said.

Saudi Arabia, UAE rank among top 20 nations globally for AI talent density

With the goal of becoming one of the world’s top 10 countries in AI research and application by 2030, Saudi...
  • King Abdullah University of Science and Technology (KAUST) enters top 150 universities globally for producing AI talent, becoming the highest-ranked university in Middle East
  • Saudi Arabia offers some of the most competitive compensation packages for AI talent globally, with top scientists earning a median annual salary of USD 420,000, tax-free

BRICS call for ‘unconditional’ Gaza ceasefire, condemn air strikes on Iran

The BRICS also called for a "full withdrawal of Israeli forces from the Gaza Strip and all other parts of...
  • The bloc's statement came as Gaza truce talks between Israel and Hamas resumed in Doha, and as pressure mounted to end the war.
  • The BRICS gathering includes Israel's arch foe Iran, but also nations like Russia, which have close ties with the country.

Gaza truce talks: Netanyahu says sending a team to Qatar after Hamas nod

But Netanyahu, who is due to meet with President Donald Trump in Washington on Monday, said the Palestinian group's proposals...
  • Trump has been making a renewed push to end nearly 21 months of war in Gaza, where the civil defense agency said 42 people were killed in Israeli military operations on Saturday.
  • Hamas said Friday it was ready "to engage immediately and seriously" in negotiations, and was sending its responses to the truce proposal.

Israel receives bodies of two more hostages returned by Hamas

The issue of hostage bodies still in Gaza has become a sticking point in the ceasefire implementation, with Israel linking...

Latest News

ADNOC Gas signs LNG deal

Will supply 0.5mmtpa of LNG to India's HPCL.

Chaos, Israel-aided gangs and gunfire: Gaza aid fails to reach most needy

Nearly 1,400 Palestinians have been killed in the Gaza Strip while waiting for aid since May 27, the majority by...

Eight OPEC+ countries raise production by 547,000 bpd to regain market share

Iraq, United Arab Emirates, Kuwait, Kazakhstan, Algeria and Oman, along with the Saudis and Russians currently produce about 41-42 mbd.

Most Read

UAE begins pipeline project to ease Gaza water shortage

Jerusalem, Undefined -- The United Arab Emirates has begun construction on a major pipeline to carry desalinated water from Egypt...
  • Technical teams sent by the UAE have started transporting equipment needed for the project, the Emirati state news agency WAM reported.
  • The project would link a desalination plant in Egypt to the Al-Mawasi area along Gaza's coast and could supply about 600,000 people daily, COGAT said.

Saudi Arabia, UAE rank among top 20 nations globally for AI talent density

With the goal of becoming one of the world’s top 10 countries in AI research and application by 2030, Saudi...
  • King Abdullah University of Science and Technology (KAUST) enters top 150 universities globally for producing AI talent, becoming the highest-ranked university in Middle East
  • Saudi Arabia offers some of the most competitive compensation packages for AI talent globally, with top scientists earning a median annual salary of USD 420,000, tax-free

BRICS call for ‘unconditional’ Gaza ceasefire, condemn air strikes on Iran

The BRICS also called for a "full withdrawal of Israeli forces from the Gaza Strip and all other parts of...
  • The bloc's statement came as Gaza truce talks between Israel and Hamas resumed in Doha, and as pressure mounted to end the war.
  • The BRICS gathering includes Israel's arch foe Iran, but also nations like Russia, which have close ties with the country.