OECD warns of protectionism weeks before Trump return
While the organization raised its 2025 global growth forecast to 3.3 percent, it cautioned that "greater trade protectionism, particularly from...
Economy
How Eco-Conscious Practices Are Shaping the Future of Luxury Spas?
In recent years, ‘wellness’ has come to mean many things for hotel operators. The term encompasses guest-centric experiences, environmental initiatives...
Business
Germany to partner with Egypt to build hydrogen economy
Germany is looking to partner with Egypt to build the hydrogen economy as Europe seeks to diversify away from its...
- Scholz believes electricity and hydrogen will be the key to transforming industry in Germany
- He sees a big opportunity for countries like Egypt to supply hydgrogen to Germany
Geostrategy
Israeli army chief makes first Morocco visit
Israel's army chief arrived in Morocco on Monday for meetings with senior defence officials, military sources said, as cooperation between...
- Kohavi will meet Morocco's minister delegate in charge of defence administration, Abdellatif Loudiyi, as well as the Inspector General of the Royal Armed Forces
- Morocco had cut relations with Israel in 2000 following the outbreak of the second Palestinian intifada, but re-established ties two decades later
Business
UAE, France sign several deals, MoUs in key sectors
A deal between French energy giant Total Energies and UAE's ADNOC remain the prime focus even as the two countries...
- A deal between French energy giant Total Energies and UAE's ADNOC remained the prime focus as the two countries signed about a dozen bilateral agreements and MoUs
- The UAE has emerged as a key partner for Western countries as they scramble for energy deals worldwide to replace imports from sanctions-hit Russia
Business
UAE, France discuss diesel supply to Europe
Sheikh Mohamed's visit is expected to conclude with 'the announcement of guarantees given by the UAE on quantities of hydrocarbon...
- A key facet of the trip is likely to be the unveiling of "guarantees given by the UAE on quantities of hydrocarbon supplies to France"
- MOUs and contracts are also expected to be signed in the transport and waste treatment sectors during the three-day visit
Business
Startups attract huge investments in MENA
Agritech, proptech and fintech sectors remain popular among investors as the region's startups raise nearly 76% of their capital with...
- Agritech, proptech and fintech sectors remain popular among investors as the region's startups raise nearly 76% of their capital with UAE-based firms leading from the front
- Startups in MENA countries raised US$ 323.7 million across 66 deals in June 2022, an 84 percent increase in value and a 57 percent increase in deal volume month-on-month
Business
Biden to focus on oil at summit with Arab leaders in Jeddah
US President Joe Biden is set to discuss volatile oil prices during a summit with Arab leaders on Saturday in...
- Biden landed Friday in Saudi Arabia and met with King Salman, Crown Prince Mohammed bin Salman and other top Saudi officials
- Washington wants the world's largest exporter of crude to open the floodgates to bring down soaring gasoline prices, which threaten Democratic chances in November elections
Geostrategy
Biden in Saudi Arabia to revive bilateral ties
Joe Biden -- the first US president to fly directly from Israel to Saudi Arabia -- met Saudi King Salman...
- Biden’s direct flight is the first by an American president from Israel to Saudi Arabia, the last stop of the president's Middle East tour.
- Biden met Saudi King Salman before participating in a "working session" headed by Saudi Crown Prince Mohammed bin Salman
Business
GCC citizens look to pour investment in UK real estate
GCC nationals are expected to pour in investments in the UK real estate market in spite of global inflation, supply-chain...
- According to a May report by property consultancy Knight Frank, Gulf-based high-net-worth families have returned to property investments in recent months
- GCC investors are leveraging a weak pound to buy assets in the UK's luxury property market after the pound fell to its lowest level against the dollar since March 2020 in June
Geostrategy
US President to broaden ties in visit to Saudi Arabia, Israel
US President Joe Biden lands in the Middle East on Wednesday for a trip that will see Israeli leaders urge...
- Air Force One will also make an unprecedented direct flight between the Jewish state and the Gulf kingdom that does not recognize its existence
- Biden's trip to Saudi Arabia is seen as part of efforts to stabilize oil markets rattled by the Ukraine war, by re-engaging with a country that has been a key strategic ally of US
Geostrategy
GCC leaders condemn assassination of former Japan PM
Leaders of the GCC countries have expressed their shock and condemnation at the assassination of the former Japanese Prime Minister...
- Abe was giving a speech for a candidate in Nara just ahead of Sunday's parliamentary elections, when a man shot him from behind with a handmade firearm
- The UAE President Sheikh Mohamed bin Zayed Al Nahyan joined the world leaders in expressing his condolences and sympathy to the Japanese government and people
OECD warns of protectionism weeks before Trump return
While the organization raised its 2025 global growth forecast to 3.3 percent, it cautioned that "greater trade protectionism, particularly from...
Economy
Company News
OpenAI comes to Asia
Business
Latest News
Global FDI falls by 2 percent to $1.3 trillion in 2023: UNCTAD
Geneva, Switzerland -- Global foreign direct investment (FDI) fell by 2 percent to $1.3 trillion in 2023 amid an economic...
Business
Hajj death toll tops 1,000 after extreme heat: AFP tally
The new deaths reported Thursday included 58 from Egypt, according to an Arab diplomat who provided a breakdown showing that...
Geostrategy
Gaza rescuers report deadly strikes although clashes slow on Eid
Witnesses reported gunfire and artillery shelling near Nuseirat refugee camp in central Gaza, where the civil defence agency said at...
Geostrategy
Most Read
Geostrategy
Hezbollah fires new barrage at Israel, which vows to hit back
Beirut, Lebanon -- Hezbollah said it fired a new wave of rockets and drones at the Israeli army on Thursday, after...
- It was Hezbollah's largest simultaneous attack in near-daily cross-border fire between it and the Israeli army since its ally Hamas's Oct 7 attack on Israel triggered the Gaza war.
- One of the targets included an Israeli base that Hezbollah said housed an intelligence headquarters "responsible for the assassinations".
Geostrategy
Former Twitter, now X, makes ‘likes’ private ‘to protect users’
With the change, which includes the removal of the "Likes" tab on a profile page, users will no longer be...
- "We are making Likes private for everyone to better protect your privacy," the platform said. "Liking more posts will make your 'For You' feed better," X added.
- The "For You" feed is a personalized list of videos or posts recommended for each individual user based on their interests and past engagement.
Geostrategy
Fire kills 49 in Kuwait building housing foreign workers
Kuwait City, Kuwait -- A fire killed 49 people in Kuwait when it ripped through a building housing nearly 200 foreign...
- The blaze, which broke out in the six-story building south of Kuwait City at around dawn, also left dozens of people injured, the health ministry said.
- The health ministry had previously announced 43 injured in the blaze in the Mangaf area, which is heavily populated with migrant laborers.