Gulf summit in Kuwait urges ‘immediate ceasefire’ for Gaza
Kuwaiti Emir Sheikh Meshal al-Ahmad al-Sabah called on the international community to implement "an immediate ceasefire, providing international protection for...
Geostrategy
Crypto boss Justin Sun eats banana art he bought for $6.2 million
Hong Kong, China -- Crypto entrepreneur Justin Sun on Friday fulfilled a promise he made after spending $6.2 million on an...
Arts & Culture
Geostrategy
Iran announces new space launch amid nuclear talks
Iran announced Thursday it has carried out a new space launch, in a move likely to irk Western powers amid...
- Iran insists its space programme is for civilian and defence purposes only, and does not breach the nuclear deal or any other international agreement
- UN Security Council Resolution 2231 of 2015, endorsing the nuclear deal, imposed no blanket ban on Iranian rocket or missile launches
Arts & Culture
Iraqi film students tell their stories from Mosul
In a collaboration between the Mosul fine arts academy, a Belgian theatre company and UNESCO, 19 students are getting a...
- Over a four-month course, students get a taste of everything from writing and shooting to acting and editing
- The students' nine works, each lasting up to five minutes, will be screened in Mosul in February before being presented to European festivals.
Geostrategy
Dubai airport fully operational for first time since pandemic
Dubai airport, one of the world's busiest travel hubs, is fully operational for the first time since the coronavirus pandemic...
- Travel via Dubai increases at the end the year, with foreigners -- who make up the majority of the emirate's population -- heading home for the holidays.
- Since the pandemic began, the UAE has registered over 744,400 cases, including 2,152 deaths.
Investigation
REVEALED: Billions missing from Lebanese Central Bank
Even as Lebanon faces one of the worst economic crises, about US$7 billion remains missing from the Lebanese central bank’s...
- Some of the data sifted by TRENDS point to a US$7 billion scam involving the country’s central bank and the powerful individuals
- The poor and weak policies of Banque du Liban (BDL) may have facilitated a “Ponzi” scheme involving Eurobonds
Geostrategy
OPEC marks fifth anniversary of historic Vienna Agreement
The Organisation of the Petroleum Exporting Countries (OPEC) marked its 5th anniversary of the historic ‘Vienna Agreement’ on Tuesday. The...
- The agreement led to the Declaration of Cooperation (DoC) between OPEC countries and leading non-OPEC oil-producing nations.
- The Conference, where the pact was signed, saw OPEC Member Countries reinforce their efforts to overcome a then-unprecedented oil market downturn.
Economy
China manufacturing recovers as power shortage eases
Manufacturing activity in China edged up in November due to an easing in power shortages and a drop in some...
- China's non-manufacturing PMI, however, dropped slightly to 52.3 from 52.4 as the country saw fresh coronavirus outbreaks
- Analysts had predicted slowing growth after the recent flare-up of cases in late October, which spread to 21 provinces
Economy
Global oil reserves release ‘a drop in the ocean’: Goldman Sachs
"On our pricing model, such a release would be worth less than $2/bbl, significantly less than the $8/bbl sell-off that...
- "On our pricing model, such a release would be worth less than $2/bbl, significantly less than the $8/bbl sell-off that occurred since late October," the bank said in a note
- US West Texas Intermediate crude was down 35 cents to $78.15 a barrel by 0031 GMT on Wednesday
Business
GMIS2021 concludes in UAE with launch of GMIS America
The inaugural edition of the GMIS America will take place in 2022 in Pittsburgh as a homage to a city...
- The inaugural edition of the GMIS America will take place in 2022 in Pittsburgh as a homage to a city that has rebounded from significant industrial challenges
- The summit explored the role of data and connectivity in shaping the future of supply chains, green manufacturing, sustainable energy, and climate action
Expo 2020 DUBAI
Saudi pavilion at Expo 2020 organizes a musical show
Saudi pavilion at Expo 2020 put on a splendid show at the Dubai Millennium Amphitheatre, the second artistic evening organized...
- The evening started by introducing the first-time visitors to the pavilion’s various sections after it achieved one million visits
- Saudi Arabia’s pavilion at the Expo 2020 Dubai recorded 1 million visits on Thursday since it opened on Oct. 1
Geostrategy
Erdogan calls for ‘continued dialogue’ with Israel
President Recep Tayyip Erdogan on Thursday spoke by phone with Israeli counterpart Isaac Herzog, in a rare exchange between the...
- The phone call came a few hours after an Israeli couple held in Turkey for a week on suspicion of espionage were released
- Erdogan told Herzog during the phone call that the continuation of contact and dialogue between Turkey and Israel was in their "mutual interest"
Gulf summit in Kuwait urges ‘immediate ceasefire’ for Gaza
Kuwaiti Emir Sheikh Meshal al-Ahmad al-Sabah called on the international community to implement "an immediate ceasefire, providing international protection for...
Geostrategy
Company News
Latest News
Agility 2023 net profit $272m
Business
EU hosts talks to strengthen Palestinian Authority for Gaza
A "strong" Palestinian Authority is needed to bring peace in the Middle East, EU foreign policy chief Josep Borrell said...
Geostrategy
International Court of Justice orders Israel to halt Rafah offensive
The International Court of Justice also demanded the immediate release of all hostages still held by Palestinian militants, hours after...
Geostrategy
Medic says Gaza hospital under Israeli siege for fifth day
Soldiers are present in the hospital's courtyard and in nearby houses," said hospital's acting director, Dr Mohammad Saleh, adding that...
Geostrategy
Most Read
Business
Amazon to invest $17bn in Spain
The investment will be made in data centers in Aragon region.
- The investment will create around 17,500 indirect jobs in local companies and contribute 21.6 billion euros to Spain's gross domestic product during the period.
- A pioneer of e-commerce, Amazon's AWS also dominates cloud computing with 31 percent of the market at the end of 2023, according to Stocklytics.
Business
Palestinians optimistic but wary after recognition moves
The agreement signed with Khaldoon Al Mubarak, managing director of the Abu Dhabi government-controlled fund Mubadala, opens "a new era...
- The Palestinian Authority says that 142 of the 193 UN member countries already recognize a Palestinian state.
- In the West Bank and Jerusalem, people AFP spoke to were optimistic but wanted more tangible acts towards Palestinian sovereignty.
Geostrategy
Women’s tennis signs ‘multi-year partnership’ with Saudi investment fund
New York, United States -- The women's tennis tour (WTA) on Monday announced "a multi-year partnership" with the Saudi Arabian sovereign...
- The WTA said in a statement that it shared with PIF an "ambition to grow women's professional tennis and inspire more women and girls around the world to take up the game."
- In early January, Saudi Arabia appointed Rafael Nadal as ambassador of the Saudi Tennis Federation.