Trump launches ‘Board of Peace’ at Davos after Greenland u-turn
A group of leaders and senior officials from 19 countries -- including Trump allies from Argentina and Hungary -- gathered...
Geostrategy
G42 launches ‘digital embassies’ model to help governments deploy sovereign AI
Abu Dhabi-based artificial intelligence group G42 on Tuesday launched what it calls a Digital Embassies framework and an operating model...
Geostrategy
Business
Equinox and NEOM announce Equinox Resort Treyam in Magna
New York, US -- Luxury hospitality group Equinox Hotels has announced plans for the opening of Equinox Resort Treyam, one...
- The resort is an architectural marvel, spanning a 450-meter-long bridge-like structure, floating 40 meters above a serene lagoon.
- Equinox Resort Treyam will include spacious guest rooms and suites, a 450-meter pool, world-class culinary concepts, a Club House.
Geostrategy
Israeli settlers beat foreign volunteers in occupied West Bank
Nablus, Palestinian Territories -- Israeli settlers on Sunday attacked a group of foreign volunteers helping Palestinian farmers in the occupied West...
- Eight mainly American volunteers were working with the farmers in an olive grove near the Palestinian village of Qusra when settlers came after them, said David Hummel, an American
- "They started attacking and beating us all with sticks and metal pipes and they were throwing rocks as well at us," he said.
Geostrategy
Iraq to import electricity from Turkey for northern provinces
Baghdad, Iraq -- Iraq said Sunday a new power line will bring electricity from Turkey to its northern provinces as authorities...
- Decades of war have left Iraq's infrastructure in a pitiful state, with power cuts worsening the blistering summer when temperatures often reach 50 Celsius (122 Fahrenheit).
- Many households have just a few hours of mains electricity per day, and those who can afford it use private generators to keep fridges and air conditioners running.
Geostrategy
Palestinians hail ICJ ruling calling Israeli occupation illegal
Jerusalem: The Palestinian leadership hailed as "historic" Friday a ruling by the top UN court that Israel's occupation of the...
- The office of Palestinian president Mahmud Abbas said it welcomed the "historic decision and demands that Israel be compelled to implement it."
- The Hague-based court found that Israel was "under an obligation to cease immediately all new settlement activities and to evacuate all settlers" from occupied land.
Geostrategy
Antivirus update sparks global tech chaos: Flights, banks hit
Air passengers crowded into airports to wait for news as dozens of flights were cancelled and operators struggled to keep...
- Reports from the Netherlands and Britain suggested health services may have been affected by the disruption, meaning the full impact might not yet be known.
- Banks in Kenya and Ukraine reported issues with their digital services, supermarkets in Australia had problems with payments.
Geostrategy
Israel lawmakers vote to oppose Palestinian state
The vote, which drew swift criticism from the Palestinian leadership and the international community, is largely symbolic but laid down...
- The establishment of a Palestinian state on lands occupied by Israel in 1967 has been the cornerstone of the international community's efforts to resolve the conflict.
- UN chief Antonio Guterres warned Wednesday that "recent developments are driving a stake through the heart of any prospect for a two-state solution".
Economy
IMF maintains 2024 global growth forecast, warns of inflation risk
The International Monetary Fund expects the world economy to grow 3.2 percent this year, unchanged from its April forecast, according...
- But even as many countries saw better growth than anticipated early this year, the IMF flagged surprises in Japan and the United States.
- The IMF's report warned that a resurgence of tariffs can trigger retaliation and a "costly race to the bottom."
Geostrategy
European Union imposes fresh sanctions on ‘extremist’ Israeli settlers
Brussels, Belgium -- The European Union on Monday announced sanctions on five Israelis -- including those termed "extremist settlers" -- and...
- The asset freezes and visa bans are the second round of sanctions from the 27-nation bloc targeting violent Israeli settlers, taking the total number of listings to 14.
- Prominent settlers blacklisted by the European Union included Moshe Sharvit, Zvi Bar Yosef, Baruch Marzel, and Isaschar Manne.
Business
ADNOC Gas awards $550m contracts
The company aims to expand UAE gas infrastructure, increase customer reach
- Engineering, procurement and construction (EPC) contracts were awarded for the next phase of the UAE sales gas pipeline network enhancement "ESTIDAMA Project".
- ADNOC Gas will continue to expand its domestic business through ESTIDAMA, paying ADNOC a variable transmission fee for actual throughput of the pipeline.
Business
Dubai Summer Activities: A new guide to emirate’s attractions
Dubai, UAE -- A new #DubaiDestinations guide titled ‘Dubai’s Summer Activities’ invites residents and visitors to delve into an array...
- Developed by Brand Dubai, the creative arm of the Government of Dubai Media Office, the interactive guide forms part of the latest phase of the #DubaiDestinations campaign.
- It seeks to showcase the city's top-rated summer experiences and highlight unique attractions that make Dubai a one-of-a-kind summer destination.
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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
Trump launches ‘Board of Peace’ at Davos after Greenland u-turn
A group of leaders and senior officials from 19 countries -- including Trump allies from Argentina and Hungary -- gathered...
Geostrategy
Company News
Latest News
India and Pakistan rivalry boils after Kashmir attack
India took a raft of punitive diplomatic measures against arch-rival Pakistan on Wednesday, accusing Islamabad of supporting "cross-border terrorism" after...
Israel security chief accuses PM of demanding personal loyalty
Israel's internal security chief, whom the government is trying to sack, accused Prime Minister Benjamin Netanyahu Monday of demanding personal...
Geostrategy
US judge rules Google monopolized online ad tech market
Washington, United States -- A US judge on Thursday ruled that Google wielded monopoly power in the online ad technology...
Business
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Geostrategy
Gaza rescuers say 25 killed in Israeli strike on school-turned-shelter
Gaza civil defense spokesman Mahmud Bassal told AFP more than 100 others wounded in the strike on Dar al-Arqam School...
- The Israeli military has in recent days issued a number of evacuation orders to residents in northern neighborhoods of the Gaza Strip.
- On Monday, it told those living in all areas of the southern city of Rafah and parts of nearby Khan Yunis to leave.
Business
AI’s impact on jobs, technology’s touchy topic sparks unease
New York, United States - "Stop Hiring Humans" read a provocative sign at an AI conference in Las Vegas, where...
- AI agents, which are supposed to make decisions that are usually made by humans, have become the latest buzzword of the AI story
- There is little doubt that some kind of upheaval of the workplace is underway, but its precise impact remains uncertain
Geostrategy
Russia to hold talks with US in Riyadh Monday: Kremlin
Donald Trump spoke to both Russia's Vladimir Putin and Ukraine's Volodymyr Zelensky this week and the US is also due...
- "From the Russian side, they will be attended by Grigory Karasin, chairman of the Senate's committee on international affairs, and Sergei Beseda, advisor to the head of FSB.
- Ushakov said he had confirmed this after talks with US National Security Advisor Mike Waltz. Both agreed to send "expert groups" for the talks, he added.