Cyber landscape complexity deepens cyber inequity, gap between organizations: WEF report
The complexity arises from the rapid growth of emerging technologies, prevailing geopolitical uncertainty and the evolution of threats, says WEF's...
Geostrategy
Lulu Retail Q3 profit $35m
Business
Banana taped to a wall sells for $6.2 million
Arts & Culture
Saudi Industrial Production Index increases by 3.4 percent in Nov 2024
Riyadh, Saudi Arabia -- Saudi Arabia's Industrial Production Index (IPI) increased by 3.4 percent in November 2024, compared to Nov...
Business
Geostrategy
Humanity in ‘race against time’ on Artificial Intelligence: UN
Geneva, Switzerland -- Humanity is in a race against time to harness the colossal emerging power of artificial intelligence for the...
- "We've let the genie out of the bottle," said Doreen Bogdan-Martin, head of the United Nations' International Telecommunications Union (ITU).
- "I believe we have a once-in-a-generation opportunity to guide AI to benefit all the world's people," Bogdan-Martin told AFP ahead of the summit.
Geostrategy
Blinken says Israel needs post-war plan ‘as quickly as possible’
"In the absence of a plan for the day after, there won't be a day after. And this is where...
- "If it is, it will simply have an enduring insurgency on his hands for as far as one can see into the future," Blinken said.
- Israeli National Security Adviser Tzachi Hanegbi said earlier that the military would need "another seven months" to "consolidate our success" against Hamas.
Business
New mega-refinery helps Kuwait to record capacity: minister
Made up of three component units, the huge Al-Zour refinery is one of the biggest in the Middle East. It was...
- OPEC member Kuwait aims to reach a production capacity of 4 million bpd by 2035.
- Kuwait operates three refineries at home and three abroad -- in Oman, Vietnam and Italy.
Geostrategy
Palestinians flee Rafah as Israeli expands ground assault
Rafah, Palestinian Territories -- Hundreds braved roads in Rafah in south Gaza Tuesday as they fled Israel's expanding ground assault, with...
- UNRWA, the United Nations agency for Palestinian refugees, said that one million civilians had fled Rafah since the ground attack went ahead despite global warnings.
- The health ministry in Hamas-run Gaza said in a statement that Israeli shelling in and around health facilities in the governorate has left just one still operational.
Business
UAE president on state visit to S Korea, meets top business chiefs
President Sheikh Mohamed bin Zayed Al Nahyan is the first sitting UAE president to make a state visit to Asia's fourth-largest...
- Follow-up announcements to the investment plan, which is expected to cover arms and energy, are expected to be made during the two-day visit which includes a summit with Yoon.
- The Emirati president met leaders of South Korea's largest companies upon his arrival, most notable the chairmen of Samsung Electronics, SK Group and Hyundai Motor Group.
Business
Saudi PIF launches Neo Space Group to boost space industry
Riyadh, Saudi Arabia -- Saudi Arabia's Public Investment Fund (PIF)on Monday launched the Neo Space Group to work on the kingdom's...
- The Neo Space Group or NSG is the "PIF's first investment focused on the space industry", the sovereign wealth fund said in a statement.
- It "aims to develop and enhance commercial space operations in Saudi Arabia, providing innovative satellite and space solutions locally and globally", the PIF said.
Business
UAE tax authority issues corporate tax guide for free-zone persons
Abu Dhabi, UAE -- The Federal Tax Authority (FTA) has issued a guide outlining the application of Corporate Tax to...
- It is in line with the Free Zone Corporate Tax regime, which enables Qualifying Free Zone Persons to benefit from a zero percent Corporate Tax rate on Qualifying Income.
- The guide includes many examples to assist Businesses with understanding how the key elements of the Corporate Tax Law apply to Free Zone Persons.
Geostrategy
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...
- They also came just before Norway -- which was hosting the Brussels meeting -- was on Tuesday is to recognize the State of Palestine, along with Spain and Ireland.
- Mustafa said Sunday's meeting was "a very important opportunity" for the Palestinian Authority to outline its priorities and plans.
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...
- "The court finds it deeply troubling that many of these hostages remain in captivity and reiterates its call for their immediate and unconditional release," it said.
- Hamas gave a qualified welcome to the ruling, regretting only that it applied solely to Rafah and not the whole Gaza Strip.
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...
- "The hospital was stormed and staff were forced to leave. At the moment I have only 13 staff, 11 patients and two women accompanying wounded children," Saleh said.
- WHO chief Tedros Adhanom Ghebreyesus said on social media platform X that 140 staff, patients and accompanying adults were inside the hospital when troops stormed it.
Cyber landscape complexity deepens cyber inequity, gap between organizations: WEF report
The complexity arises from the rapid growth of emerging technologies, prevailing geopolitical uncertainty and the evolution of threats, says WEF's...
Geostrategy
Lulu Retail Q3 profit $35m
Business
Banana taped to a wall sells for $6.2 million
Arts & Culture
Latest News
US vetoes Gaza ceasefire call at UN
Geostrategy
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
France, Saudi Arabia to co-chair June meet on creating Palestinian state: Macron
The French president said they want to involve both European and non-European allies who are ready to move in this...
Geostrategy
Tech firms aiming for smaller, leaner AI models
Smaller AI models save energy, reduce costs, and enhance data security but work alongside large models for advanced solutions.
Business
Most Read
Economy
Developing countries paid $1.4 trillion to service their debts in 2024
The poorest countries paid out more than $96 billion to service their debts, the Bank announced in its latest report...
- The World Bank report noted that high interest rates have been a key driver of the rising cost of servicing foreign debt.
- Rates charged by private creditors were even worse, rising to a 15-year high of six percent -- an increase of more than one percentage point.
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...
- The region boasts a unique combination of cutting-edge technologies and world-class spa facilities.
- Today’s consumers are looking for more than lavish amenities; they want brands that stand for something and align with their values.
QatarEnergy inks gas supply deal for China with Shell
Doha, Qatar - Qatar has agreed to supply three million tonnes of gas a year to China in a deal...
- The liquefied natural gas deliveries would begin in January as part of a "new long-term sale and purchase agreement."
- Qatar is one of the world's top gas producers alongside the United States, Australia and Russia