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,...
Geostrategy
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...
Geostrategy
Economy
Chinese city seeing half a million Covid cases a day: official
A news outlet operated by the ruling Communist Party in Qingdao on Friday reported the municipal health chief as saying...
- China this month has rapidly dismantled key pillars of its zero-Covid strategy, doing away with snap lockdowns, lengthy quarantines and travel curbs
- Cities across the country have struggled to cope as surging infections have emptied pharmacy shelves and filled hospital wards
Economy
Abu Dhabi conference brings hospitals up to date with cybersecurity threat
The conference was organised in collaboration with the Cyber Security Council with the participation of 10 biggest healthcare groups of...
- The conference was organised in collaboration with the Cyber Security Council with the participation of 10 biggest healthcare groups of Abu Dhabi
- The healthcare sector is a frequent target for cyber-attacks due to the sensitivity of information, which are often sold and used in identity theft
Business
Uniper, UAE’s Masdar working on hydrogen project
Upon the approval of the European Commission, the Berlin government this week completed a 34.5 billion euro ($36.55 billion) bailout...
- Upon the approval of the European Commission, the Berlin government this week completed a 34.5 billion euro ($36.55 billion) bailout for Uniper
- Germany has intensified its focus on energy security and the use of green hydrogen produced from renewable energy compatible with EU climate goals
Economy
Russia says may cut oil output following price cap
Introduced alongside an EU embargo on seaborne deliveries of Russian crude oil, the cap aims to ensure Russia cannot bypass...
- Russia will not supply oil to countries that are enforcing a price cap -- a part of punitive measures on Moscow following its offensive in Ukraine
- The price ceiling of $60 per barrel agreed by the European Union, G7 and Australia came into force in early December and seeks to restrict Russia's revenue
Business
QatarEnergy, QPD to further develop Al-Karkara and A-Structures oil fields
The new 5-year agreement, which commences on December 23, succeeds the development and production sharing agreement signed in December 1997.
- The new 5-year agreement, which commences on December 23, succeeds the development and production sharing agreement signed in December 1997
- The fields were initially considered non-commercial until QPD managed to prove their commercial viability in the late 1990s
Economy
UAE, Canada non-oil trade totals $3bn in first 9 months of 2022
The UAE is the second leading trading partner of Canada in the Gulf Cooperation Council (GCC) and the region in...
- The UAE is the second leading trading partner of Canada in the Gulf Cooperation Council (GCC) and the region in 2021
- Canadian direct investments in the UAE until the start of 2021 amounted to AED3.6 billion, a rise of 100 percent over the past 8 years
Economy
Japan inflation at 3.7% in November, highest since 1981
The November figure is well below the sky-high levels that have sparked concern in the United States, Britain and elsewhere,...
- Core consumer prices, which exclude volatile fresh food costs, climbed 3.7 percent last month compared to a year earlier
- Prices jumped the most for processed food items and were also higher for electricity and durable goods like air conditioners
Business
Nike shares soar as profits top estimates
Profits for the Q1 came in at $1.3 billion.
- Profits for the quarter ending at November 30 came in at $1.3 billion, the same as in the year-ago period while revenues jumped 17 percent to $13.3 billion
- In the most recent quarter, Nike's gross margin declined compared with the prior quarter due to higher markdowns, especially in North America, Nike said.
Ukraine war providing lessons for future conflicts
How the war in Ukraine has played out -- both on the world stage and the battlefield -- serves as...
- The United States and other countries imposed punishing sanctions on Russia, leaving it increasingly isolated
- US Defense Secretary Lloyd Austin said the response to Russia's invasion demonstrated the international commitment to the rule of law
Economy
Qatar’s budget surplus exceeds $21bn in 9 months
The surplus is mainly due to control over expenditures and the rise in revenues with the recovery in oil prices.
- The surplus is mainly due to control over expenditures and the rise in revenues with the recovery in oil prices
- The data also showed an increase of 26 percent in revenues and 0.78 percent in expenditures in the third quarter
Most Read
Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
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,...
Geostrategy
Company News
Latest News
Media gag and manufactured consent: Israel’s campaign against Lebanon
Beirut, Lebanon: On Sunday, Israeli troops stormed the Al Jazeera office in the occupied West Bank and issued a 45-day...
Geostrategy
ADNOC Distribution H1 dividend $350m
The total dividend for 2024 is expected to be $700 million.
Business
Most Read
Science
Researchers decode oldest human DNA
The genetic sequences were from a man and a woman whose remains were found at a rock shelter near the...
- They were among 13 sequences reconstructed from people whose remains were found at the Oakhurst shelter and lived 1,300-10,000 years ago.
- Prior to these discoveries, the oldest genomes reconstructed from the region dated back around 2,000 years.
Business
Global tourism nears full recovery, led by Middle East’s 26% growth in 2024
While Europe and Americas have nearly returned to pre-pandemic levels, the Middle East's growth outpaces all other regions, UN World...
- Globally, international tourism reached 96 percent of pre-pandemic levels during the same period, with around 790 million tourists, an 11 percent increase over 2023.
- In terms of tourism revenue, 47 out of 63 countries with available data reported a return to pre-pandemic earnings.
Geostrategy
Elon Musk’s Starlink internet launches in war-scarred Yemen
Dubai, United Arab Emirates -- Tech billionaire Elon Musk's satellite internet service Starlink has launched in Yemen, provoking the anger of...
- Starlink's network of low Earth orbit satellites can provide internet to remote locations or areas that have had normal communications infrastructure disabled.
- Houthi official Mohammed al-Bukhaiti condemned the Starlink launch, linking it to "the war waged by America on Yemen".