‘Strait of Hormuz disruption could trigger long-term shift in global trade and energy flows’
Kelsey Goodman of the World Economic Forum discusses Strait of Hormuz disruptions, global trade risks, and how GCC economies can...
Economy
Chrome vulnerability allowed extensions to hijack Gemini panel, researchers say
According to researchers, the vulnerability allowed attackers to tap into the browser environment and potentially access files on a user’s...
Science
Geostrategy
US hits back at accounts Iran moved enriched uranium before bombing
Trump, seeking credit for ordering military action and then quickly announcing a ceasefire between Israel and Iran, has lashed out...
- Trump has lashed out angrily at media accounts of a classified report that doubted the extent of damage to Iranian nuclear sites
- Vice President JD Vance, asked about the uranium on Sunday, had sounded less definitive and said the United States would discuss the issue with Iran
Geostrategy
Arab states erupt in condemnation after US strikes on Iran
Iran's former arch-rival in the region, Saudi Arabia, which has been engaged in a Chinese-brokered détente with Tehran since 2023,...
- Many of the oil-rich countries host major US assets and bases and fear that a spillover from the war could threaten their security and economy.
- Qatar, host of the biggest US military base in the Middle East, said it feared "catastrophic consequences" for the region and the entire world.
Geostrategy
Turkey to export 48 fighter jets to Indonesia, deal valued at 10 billion dollars
Turkey's defence sector, including the famous Bayraktar drones, accounts for a significant share of the country's export revenues.
- Turkey's defence sector, including the famous Bayraktar drones, accounts for a significant share of the country's export revenues
- The contract, valued at 10 billion dollars, includes the production and delivery of the Kaan fighter jets to Indonesia over a ten-year period
Geostrategy
EU tells Israel to reverse move to cut off Palestinian banks
Brussels, Belgium -- The EU on Wednesday urged Israel to undo a move by a far-right minister that threatens to...
- Israeli finance minister Bezalel Smotrich announced Tuesday that Israel had cancelled a waiver allowing its banks to work with Palestinian ones.
- The Palestinian financial and banking system is dependent on the regular renewal of the Israeli waiver.
Science
UN says 70% chance that 2025-2029 average global warming will exceed 1.5C threshold
The planet is therefore expected to remain at historic levels of warming after the two hottest years ever recorded in...
- The planet is therefore expected to remain at historic levels of warming after the two hottest years ever recorded in 2023 and 2024
- The WMO forecasts that the global mean near-surface temperature for each year between 2025 and 2029 will be between 1.2C and 1.9C above the pre-industrial average.
Arts & Culture
Turkey’s 5,000-year-old bread finds new life
Round and flat like a pancake, 12 centimeters (five inches) in diameter, the bread was discovered during excavations at Kulluoba,...
- In the early Bronze Age, a piece of bread was buried beneath the threshold of a newly built house in what is today central Turkey.
- Now, more than 5,000 years later, archaeologists have unearthed it, and helped a local bakery to recreate the recipe -- with customers lining up to buy it.
Arts & Culture
Is Cristiano Ronaldo leaving Saudi Arabia? Cryptic post fuels speculation
Riyadh, Saudi Arabia -- Questions swirled over Cristiano Ronaldo's future in Saudi Arabia on Tuesday, hours after the superstar indicated...
- The 40-year-old Portuguese forward joined Al Nassr in 2022 from Manchester United and his contract with the Saudi club ends this summer.
- Ronaldo's potential exit from Saudi Arabia will likely raise fresh questions about how the Saudi Pro League would fare in his absence.
Arts & Culture
Iraq’s first ever director in Cannes wins best feature debut
Hasan Hadi won the top prize for his childhood adventure under economic sanctions in "The President's Cake".
- Also from the Middle East, Palestinian director Tawfeek Barhom received his award for his short film "I'm Glad You're Dead Now".
- Gazan twin brothers Arab and Tarzan Nasser on Friday received a directing award in the Certain Regard parallel section for "Once Upon A Time In Gaza".
Science
Microsoft strikes deal with Elon Musk to host Grok AI
Seattle, United States - Microsoft on Monday said its business cloud servers will now host technology from xAI, days after...
- Musk told an event hosted by Microsoft that his company's models "aspire to truth with minimal error," adding that "there's always going to be some mistakes that are made."
- The Grok models from xAI will be available on Microsoft's Azure AI Foundry, a platform that makes hundreds of models available for paying developers to build their own AI models
Geostrategy
Morocco to reopen embassy in Syria after Assad fall
Morocco said Saturday it will reopen its embassy Damascus, closed since 2012, signalling renewed support for Syria after the overthrow...
- The decision was announced in a letter from King Mohammed VI to Syria's interim President Ahmed al-Sharaa
- The letter said Morocco backed the Syrian people "in their quest for freedom, security, and stability."
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
‘Strait of Hormuz disruption could trigger long-term shift in global trade and energy flows’
Kelsey Goodman of the World Economic Forum discusses Strait of Hormuz disruptions, global trade risks, and how GCC economies can...
Economy
Company News
Latest News
Who has been invited to be on Trump’s Gaza boards?
The White House said there would be a main board, chaired by Trump himself, a Palestinian committee of technocrats meant...
Geostrategy
UAE is converting talent, trust, and technology into a Knowledge Nation
Dr. Lolowa AlMarzooqi, Associate Vice Provost at New York University Abu Dhabi, tells TRENDS that the UAE’s real competitive edge...
Interview
Trump threatens European nations with tariffs over Greenland
Trump aimed his ire at Denmark, a fellow NATO member, as well as several European countries that have deployed troops...
Geostrategy
Most Read
Economy
AI promise uneven as economists flag debt and market vulnerabilities
In its latest Chief Economists’ Outlook, the WEF said 53 percent of surveyed economists expect global economic conditions to weaken...
- Economists expect defence, energy and digital infrastructure spending to rise, while environmental budgets shrink amid difficult fiscal trade-offs.
- Survey respondents see South Asia leading growth, Europe lagging, and foreign investment favoring the United States over China.
Business
GCC’s quest for AI dominance has several hurdles to surmount
For governments and corporates across the Gulf, the immediate task is pragmatic: marry sovereign ambition with sustainable skills programs and...
- The AI market in the region is projected to grow at a compound annual growth rate (CAGR) of 28.63 percent between 2024 and 2030.
- Analysts say the region’s real test will be turning pilots into production systems that deliver measurable economic and social outcomes
Geostrategy
Gaza ceasefire enters phase two despite unresolved issues between Israel and Hamas
The most contentious questions remain Hamas's refusal to publicly commit to full disarmament, a non-negotiable demand from Israel, and Israel's...
- Gaza, whose borders and access points remain under Israeli control, continues to face severe shortages of food, clean water, medicine and fuel.
- Under the second phase, Gaza is to be administered by a 15-member Palestinian technocratic committee operating under the supervision of a so-called "Board of Peace."